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.
* Annually we evaluate the standard deviation of each US mutual fund listed and its resulting placement within specific risk/return categories.

Methodology: If a fund is at least 5 year old, it is generally placed in risk/return categories based on the standard deviation of its performance for the longest period of its calendar year returns; the longest time period used for analysis is 10 years (regardless of the fund's inception). If a fund is less than 5 years old, we generally use the fund's primary benchmark disclosed in its prospectus as a proxy and follow the same process of using 10-year standard deviation of the benchmark, or longest time period available. The firm at its sole discretion may show a fund in a higher risk category based on qualitative or other factors that may differ from this methodology.
See Glossary for additional details on all data elements.