T. Rowe Price Communications & Technology has weathered the 2020 bear market better than most, thanks to its area of focus and stock-picking. The fund lost 9.4% for the year to date through April 1, a painful absolute loss but a better showing than the communications Morningstar Category’s 19.9% decline.
Will PRMTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRMTX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PRMTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PRMTX’s parent organization’s priorities and whether they’re in line with investors’ interests.