T. Rowe Price Science & Technology (PRSCX) a Zacks Rank #2 (Buy) was incepted in September 1987. The objective of PRSCX is to seek long-term capital growth and to invest at least 80% of net assets in common stocks of companies expected by T. Rowe Price to benefit from the development, advancement, and use of science and technology. While most assets are invested in U.S. common stocks, other securities may also be purchased, including foreign stocks, futures, and options, in keeping with the fund objectives. PRSCX declares dividends (if any) annually in December.
This Technology fund, as of the last filing, allocates their fund in five major groups; Large Growth, High Yield Bond, Small Growth, Large Value and Emerging Market. Further, as of the last filing, Microsoft Corp (NASDAQ:MSFT), Amazon.com Inc (NASDAQ:AMZN) and Hynix Semiconductor Inc were the top holdings for PRSCX.
T. Rowe Price Science & Technology, managed by T. Rowe Price, carries an expense ratio of 0.84%. Moreover, PRSCX requires a minimal initial investment of $2,500.
PRSCX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 3.16%, 3 year 15.93% and 5 year 10.27%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
PRSCX’s performance, as of the last filing, when compared to funds in its category was in the top 21% in 1 year, top 22% over the past 3 years, and in the 30% over the past 5 years.
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