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  • T. Rowe Price Media & Telecommunications Fund (PRMTX)
    Ticker Symbol:
    PRMTX
    Fund Status:
    Open to new Retail investors  /  Open to subsequent Retail investments
    Fund Objective
    Quick Stats
    Fiscal Year End  December
    Morningstar Category  Communications
    Inception Date 10/13/1993
    Tax ID 52-1840883
    Investment Objective
    The fund seeks to provide long-term capital growth through the common stocks of media, technology, and telecommunications companies.
    Strategy
    To normally invest at least 80% of net assets in the common stocks of companies engaged in any facet of media and telecommunications including publishing, movies, cable TV, telephone, cellular services, and technology and equipment. Generally, the fund invests in companies in the large- to mid-capitalization range. The fund's investments may be in U.S. or non-U.S. companies.
    Investor Profile
    Individuals seeking an aggressive approach to capital growth who can accept the risk of loss inherent in a fund that focuses on a volatile area of the market. Appropriate for both regular and tax-deferred accounts, such as IRAs.
    Risk/Reward Potential*
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    This fund offers capital growth potential by investing primarily in stocks of media and telecommunications firms at home and abroad. Through this fund, investors can share in the potentially superior long-term prospects of companies in this segment of the economy. Although it concentrates on a specific sector, it is well diversified through the media and telecommunications universe.

    A fund offering substantial upside potential also carries a high level of risk. Due to its concentration on specific industries, and exposure to mid-caps and foreign securities, the fund's share price could be more volatile than that of a fund with a broader investment mandate.
    *Funds are placed in general risk/return categories based on their past performance or, for newer funds, the performance of the types of securities in which they invest. There is no assurance past trends will continue.
    See Glossary for additional details on all data elements.