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Fund of the Week: T. Rowe Price Media & Telecommunications (PRMTX)

Shauna O'Brien Mar 18, 2015

With this week’s announcement that Apple (AAPL) will be launching its own TV service, the communications industry has been taking a hit. Following the announcement, some analysts made bullish comments on Apple’s move, stating that it could change the communications industry.

This week, we have chosen the T. Rowe Price Media & Telecommunications (PRMTX) as our fund of the week.

Inside the Fund

The fund was launched in 1993 and is managed by Paul D. Greene II. Currently, it has about $3.3 billion in assets under management (AUM).

The fund is composed primarily of large and giant sized companies that are based in the Americas and Europe. The largest sectors in the fund include consumer cyclical, communications and technology.

Historical Performance

2010	2011	2012	2013	2014
26.79%	-0.03%	22.69%	40.78%	4.14%

Largest Holdings

Over 25% of the fund’s portfolio is composed in its top five holdings. The fund is up 3% YTD.

Symbol	Stock	Portfolio Weight	2015 Performance
AMT	American Tower	5.87%	+57%
BIDU	Baidu	5.60%	-10%
CCI	Crown Castle	5.38%	+13%
PCLN	Priceline	5.33%	+1%
LBTYA	Liberty Group	5.21%	+5%

The Bottom Line

As Technology is constantly changing, there are specific funds that could be impacted. With the potential of major changes in the media and communications industry, the T. Rowe Price Media & Telecommunications (PRMTX) may be a good fund to watch.

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