PRMTX: T. Rowe Price Comm & Tech Investor

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PRMTX T. Rowe Price Comm & Tech Investor

  • Fund
  • PRMTX
  • Price as of: Dec 06, 2019
  • $120.32
    + $0.63 + 0.53%

Profile

PRMTX - Profile

Vitals

  • YTD Return 28.6%
  • 3 Yr Annualized Return 16.2%
  • 5 Yr Annualized Return 10.8%
  • Net Assets $6.27 B
  • Holdings in Top 10 60.5%

52 WEEK LOW AND HIGH

$120.32
$87.95
$121.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 6.90%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 28.6%
  • 3 Yr Annualized Total Return 16.2%
  • 5 Yr Annualized Total Return 10.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.18%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    T. Rowe Price Communications & Technology Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Oct 13, 1993
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul D. Greene

Fund Description

The T. Rowe Price Media and Telecommunications Fund (PRMTX) is an actively managed fund that focuses on stocks in the media, technology and telecommunications industries. These include firms that publish books, magazines and newspapers; produce movies and TV shows; and telephone and cellular services as well as related technology equipment stocks. PRMTX will hold only large- and mid-cap stocks but can hold domestic and foreign stocks as well.

Despite its low costs, PRMTX’s narrow focus makes it suitable only for a satellite position in an already diversified portfolio. The fund is internally managed by T. Rowe Price.


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Categories

Performance

PRMTX - Performance

Return Ranking - Trailing

Period PRMTX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.6% -1.4% 33.7% 10.71%
1 Yr 21.2% -12.8% 21.2% 3.57%
3 Yr 16.2%* -5.5% 16.2% 9.52%
5 Yr 10.8%* -4.6% 10.8% 5.00%
10 Yr 11.6%* -8.8% 11.6% 5.00%

* Annualized

Return Ranking - Calendar

Period PRMTX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.0% -25.2% -3.0% 9.09%
2017 29.9% -15.7% 29.9% 4.55%
2016 5.2% -4.2% 19.1% 70.00%
2015 8.5% -11.6% 8.5% 5.00%
2014 -6.3% -67.0% 1.3% 90.00%

Total Return Ranking - Trailing

Period PRMTX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.6% -1.4% 33.7% 10.71%
1 Yr 21.2% -11.8% 21.2% 3.57%
3 Yr 16.2%* -2.0% 16.2% 9.52%
5 Yr 10.8%* 0.6% 10.8% 5.00%
10 Yr 11.6%* -8.8% 11.6% 5.00%

* Annualized

Total Return Ranking - Calendar

Period PRMTX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.0% -24.1% -3.0% 9.09%
2017 29.9% -9.0% 29.9% 4.55%
2016 5.2% 1.8% 22.8% 80.00%
2015 8.5% -11.6% 8.5% 5.00%
2014 -6.3% -67.0% 8.9% 95.00%

NAV & Total Return History


Holdings

PRMTX - Holdings

Concentration Analysis

PRMTX Category Low Category High PRMTX % Rank
Net Assets 6.27 B 4.89 M 6.27 B 3.57%
Number of Holdings 54 35 165 32.14%
Net Assets in Top 10 3.51 B 2.68 M 3.51 B 3.57%
Weighting of Top 10 60.51% 34.9% 72.9% 67.86%

Top 10 Holdings

  1. Amazon.com Inc 13.56%
  2. American Tower Corp 7.14%
  3. Facebook Inc A 6.55%
  4. Alibaba Group Holding Ltd ADR 5.83%
  5. Crown Castle International Corp 5.73%
  6. T-Mobile US Inc 5.16%
  7. Comcast Corp Class A 4.43%
  8. Alphabet Inc Class C 4.31%
  9. Booking Holdings Inc 4.20%
  10. Tencent Holdings Ltd 3.60%

Asset Allocation

Weighting Return Low Return High PRMTX % Rank
Stocks
97.81% 91.82% 100.00% 82.14%
Cash
2.19% 0.00% 5.53% 7.14%
Preferred Stocks
0.00% 0.00% 1.97% 57.14%
Other
0.00% -1.63% 0.00% 53.57%
Convertible Bonds
0.00% 0.00% 1.72% 60.71%
Bonds
0.00% 0.00% 4.55% 60.71%

Stock Sector Breakdown

Weighting Return Low Return High PRMTX % Rank
Technology
29.32% 0.94% 42.40% 21.43%
Consumer Cyclical
28.76% 0.00% 55.14% 7.14%
Communication Services
17.66% 17.66% 97.52% 96.43%
Real Estate
17.42% 0.00% 17.42% 3.57%
Financial Services
3.35% 0.00% 5.21% 17.86%
Consumer Defense
0.24% 0.00% 0.24% 3.57%
Utilities
0.00% 0.00% 0.01% 67.86%
Industrials
0.00% 0.00% 1.09% 75.00%
Healthcare
0.00% 0.00% 0.76% 67.86%
Energy
0.00% 0.00% 0.00% 57.14%
Basic Materials
0.00% 0.00% 0.00% 57.14%

Stock Geographic Breakdown

Weighting Return Low Return High PRMTX % Rank
US
83.22% 57.36% 98.43% 64.29%
Non US
14.59% 1.13% 41.13% 21.43%

Expenses

PRMTX - Expenses

Operational Fees

PRMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.10% 3.43% 82.14%
Management Fee 0.64% 0.08% 1.00% 53.57%
12b-1 Fee 0.00% 0.00% 1.00% 6.25%
Administrative Fee 0.15% 0.10% 0.25% 50.00%

Sales Fees

PRMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PRMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PRMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 6.90% 6.90% 2115.00% 3.57%

Distributions

PRMTX - Distributions

Dividend Yield Analysis

PRMTX Category Low Category High PRMTX % Rank
Dividend Yield 0.15% 0.00% 1.67% 53.57%

Dividend Distribution Analysis

PRMTX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Net Income Ratio Analysis

PRMTX Category Low Category High PRMTX % Rank
Net Income Ratio 0.18% -1.37% 2.73% 67.86%

Capital Gain Distribution Analysis

PRMTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

Fund Manager Analysis

PRMTX - Fund Manager Analysis

Managers

Paul D. Greene


Start Date

Tenure

Tenure Rank

May 13, 2013

6.55

6.6%

Paul has been a member of the T.Rowe Price portfolio management team since 2006. He has a proven track record as a media and telecommunications analyst focusing on advertising, diversified media, and internet companies. Paul earned a B.S. in mechanical engineering, with a minor in economics, magna cum laude, from Rose-Hulman Institute of Technology and an M.B.A. from Stanford University Graduate School of Business.

James Stillwagon


Start Date

Tenure

Tenure Rank

Nov 07, 2019

0.06

0.1%

Mr. Stillwagon joined T. Rowe Price in 2017 and his investment experience dates from 2008. Since joining the Firm, he has served as an equity investment analyst covering the media sector. Prior to joining the Firm, he was a managing director at Lone Pine Capital, where he sourced public- and private-equity investments across technology, media, and telecommunications.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 26.1 9.12 2.0