T. Rowe Price Media & Telecommunications Fund (PRMTX - MF report) a Zacks Rank #1 (Strong Buy) was created in October 1993 and is managed by T. Rowe Price Associates. The objective of PRMTX is to provide long-term capital appreciation. PRMTX invests at least 80% of net assets in the common stocks of companies engaged in the media and telecommunications industries including publishing, movies, cable TV, telephone, cellular services and technology and equipment. Generally, PRMTX invests in companies in the large to mid-capitalization range.

This Sector - Tech product, as of the last filing, allocates their fund in three major groups; Large Growth, High Yield Bond and Precious Metal. Further, as of the last filing, Amazon.com, Inc.(AMZN), Alphabet Inc. (GOOG) and Priceline Group Inc. (PCL) were the top holdings for PRMTX.

The T. Rowe Price Media & Telecommunications fund, managed by T. Rowe Price, carries an expense ratio of 0.79% and requires a minimal initial investment of $2,500.

PRMTX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 14.59% and 5 year 13.22%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.

PRMTX’s performance, as of the last filing, when compared to funds in its category was in the top 10% in 1 year, top 31% over the past 3 years, and in the 4% over the past 5 years.