T. Rowe Price Communications & Technology Fund (PRMTX)
The investment seeks to provide long-term capital growth. The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in securities of communications and technology companies. The portfolio manager may use both growth and value approaches to stock selection. The fund's portfolio may hold stocks of either U.S. or non-U.S. companies, and may at times consist of a relatively small number of holdings. It is non-diversified.
Fund Info
| ISIN | US7414541026 |
|---|---|
| CUSIP | 741454102 |
| Issuer | T. Rowe Price |
| Inception Date | Oct 12, 1993 |
| Category | Communications Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
PRMTX features an expense ratio of 0.77%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PRMTX vs. PRGTX, PRMTX vs. PREIX, PRMTX vs. VOO, PRMTX vs. VGT, PRMTX vs. QQQ, PRMTX vs. SMPIX, PRMTX vs. TRBCX, PRMTX vs. VTI, PRMTX vs. PRWCX, PRMTX vs. VFIAX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Communications & Technology Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Communications & Technology Fund had a return of 23.74% year-to-date (YTD) and 35.02% in the last 12 months. Over the past 10 years, T. Rowe Price Communications & Technology Fund had an annualized return of 13.70%, outperforming the S&P 500 benchmark which had an annualized return of 10.92%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 23.74% | 17.95% |
| 1 month | 3.84% | 3.13% |
| 6 months | 10.42% | 9.95% |
| 1 year | 35.02% | 24.88% |
| 5 years (annualized) | 12.75% | 13.37% |
| 10 years (annualized) | 13.70% | 10.92% |
Monthly Returns
The table below presents the monthly returns of PRMTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 5.39% | 6.79% | 1.71% | -5.23% | 5.93% | 5.35% | -2.22% | 3.62% | 23.74% | ||||
| 2023 | 11.83% | -4.14% | 6.88% | 0.58% | 2.99% | 5.47% | 3.26% | -1.13% | -4.76% | -0.41% | 10.69% | 3.81% | 39.30% |
| 2022 | -12.03% | -4.32% | 1.41% | -14.77% | -2.94% | -7.46% | 9.27% | -3.51% | -11.67% | 2.37% | 1.94% | -6.93% | -40.90% |
| 2021 | -0.33% | 3.06% | -2.39% | 7.06% | -1.67% | 6.09% | 0.64% | 4.56% | -4.81% | 3.74% | -4.63% | -1.06% | 9.81% |
| 2020 | 3.08% | -2.19% | -6.84% | 13.96% | 8.16% | 6.76% | 8.30% | 8.36% | -3.30% | -1.21% | 7.85% | 2.86% | 53.69% |
| 2019 | 12.08% | 1.91% | 4.27% | 5.33% | -5.29% | 5.45% | 1.21% | -0.93% | -2.20% | 2.70% | 2.50% | 3.59% | 33.96% |
| 2018 | 10.22% | -4.01% | -1.96% | -0.79% | 3.38% | 2.59% | 0.26% | 3.58% | -0.56% | -8.78% | 3.28% | -7.57% | -1.85% |
| 2017 | 6.16% | 2.63% | 3.21% | 3.93% | 3.86% | -1.26% | 6.00% | 1.49% | -1.75% | 3.29% | 0.88% | 0.78% | 33.00% |
| 2016 | -5.96% | -1.51% | 6.54% | 1.09% | 2.61% | -0.06% | 4.46% | 1.36% | 2.50% | -1.38% | -1.93% | 0.08% | 7.48% |
| 2015 | -1.49% | 6.44% | -1.77% | 2.86% | 1.41% | -0.70% | 4.34% | -5.78% | -3.61% | 12.62% | -0.05% | -1.54% | 12.04% |
| 2014 | -2.33% | 5.63% | -4.90% | -3.27% | 5.99% | 2.73% | -0.11% | 2.57% | -2.43% | 2.16% | 2.32% | -3.64% | 4.04% |
| 2013 | 3.68% | 0.36% | 3.23% | 4.16% | -0.15% | 0.99% | 6.14% | 0.02% | 6.31% | 4.17% | 2.08% | 4.01% | 40.81% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PRMTX is 71, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Communications & Technology Fund (PRMTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Communications & Technology Fund granted a 6.26% dividend yield in the last twelve months. The annual payout for that period amounted to $9.25 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $9.25 | $9.25 | $16.20 | $15.25 | $9.55 | $1.52 | $1.20 | $2.27 | $1.66 | $2.26 | $7.04 | $5.36 |
Dividend yield | 6.26% | 7.74% | 17.50% | 8.35% | 5.29% | 1.22% | 1.28% | 2.35% | 2.24% | 3.20% | 10.82% | 7.72% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Communications & Technology Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $9.25 | $9.25 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $16.20 | $16.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $15.25 | $15.25 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $9.55 | $9.55 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.52 | $1.52 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.20 | $1.20 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.27 | $2.27 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.66 | $1.66 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.26 | $2.26 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.04 | $7.04 |
| 2013 | $5.36 | $5.36 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Communications & Technology Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Communications & Technology Fund was 66.12%, occurring on Aug 5, 2002. Recovery took 833 trading sessions.
The current T. Rowe Price Communications & Technology Fund drawdown is 6.71%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -66.12% | Mar 28, 2000 | 587 | Aug 5, 2002 | 833 | Nov 23, 2005 | 1420 |
| -60.4% | Nov 1, 2007 | 266 | Nov 20, 2008 | 478 | Oct 15, 2010 | 744 |
| -47.17% | Sep 8, 2021 | 297 | Nov 9, 2022 | — | — | — |
| -36.1% | Jul 21, 1998 | 58 | Oct 8, 1998 | 64 | Jan 6, 1999 | 122 |
| -24.78% | Feb 20, 2020 | 18 | Mar 16, 2020 | 46 | May 20, 2020 | 64 |
Volatility
Volatility Chart
The current T. Rowe Price Communications & Technology Fund volatility is 5.13%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.