- What does PRMTX invest in?
- The fund's primary objective is to achieve substantial long-term capital appreciation. It typically allocates at least 80% of its total assets (including any investment leverage) to equity securities issued by companies in the communications and technology industries. The portfolio manager utilizes a dual approach for stock selection, incorporating both growth and value methodologies. Its holdings may encompass both domestic and international corporations, and the portfolio can, at times, exhibit a relatively high degree of concentration with a limited number of positions. This fund is categorized as non-diversified.
- What is the expense ratio of PRMTX?
- T. Rowe Price Communications & Technology Fund Investor Class (PRMTX) charges an expense ratio of 0.77%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is PRMTX?
- T. Rowe Price Communications & Technology Fund Investor Class (PRMTX) manages $6.32B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is PRMTX actively managed or an index fund?
- PRMTX is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PRMTX's is 0.77%) in exchange for the discretion to over- or under-weight positions.
- When was PRMTX launched?
- T. Rowe Price Communications & Technology Fund Investor Class (PRMTX) launched in October 1993 and is managed by T. Rowe Price.
- How has PRMTX performed?
- PRMTX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
