T. Rowe Price Communications & Technology Fund Investor Class

Frequently Asked Questions About PRMTX

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 $6.23B 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.