T. Rowe Price Communications & Technology Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, T. Rowe Price Communications & Technology Fund held 104 positions with $8.16B in net assets. Its ten largest holdings made up 54.3% of the fund. The PRMTX share class costs 0.77% a year. Over the 12 months to May 2026, PRMTX returned 4.8%, with dividends reinvested. In 2026 Q2 it added 25 new positions and exited 12.
The fund seeks to provide long-term capital growth.
The fund invests at least 80% of its net assets in securities of communications and technology companies, selecting stocks through fundamental bottom-up analysis that may employ either growth or value approaches—seeking companies with strong revenue and earnings momentum, or those trading below intrinsic value with unrecognized growth potential. The portfolio may include U.S. and non-U.S. stocks, privately held companies, and recent IPOs, and may hold a relatively small number of positions. Because the fund is nondiversified, it may invest a greater percentage of its assets in a particular issuer than a diversified fund would permit, concentrating risk in individual holdings.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
9.76% | $796.62M | 2.3M | $353.33 | |
7.83% | $639.31M | 1.1M | $563.29 | |
TMUST-MOBILE US INC | 5.75% | $469.66M | 2.8M | $167.73 |
TSMTAIWAN SEMICONDUCTOR-SP ADR | 5.61% | $458.06M | 959.1K | $477.57 |
NFLXNETFLIX INC | 5.34% | $435.93M | 6.1M | $71.40 |
DEUTSCHE TELEKOM AG-REG | 5.19% | $423.48M | 15.5M | $27.26 |
4.63% | $377.91M | 650.5K | $580.91 | |
SPOTIFY TECHNOLOGY SA | 3.67% | $299.38M | 652.1K | $459.13 |
NVDANVIDIA CORP | 3.43% | $280.14M | 1.4M | $200.09 |
SPCXSPACE EXPLORATION TECHN-CL A | 3.11% | $254.01M | 1.5M | $170.86 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 104 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.25% |
| Cash & short-term | 3.65% |
| Derivatives | 0.01% |
Derivatives are shown at market value, not notional exposure.
By sector
- Communication Services
- 34.0%
- International
- 27.7%
- Information Technology
- 22.4%
- Other
- 6.0%
- 4 other sectors
- 9.9%
- Communication Services
- 34.0%
- International
- 27.7%
- Information Technology
- 22.4%
- Other
- 6.0%
- Consumer Discretionary
- 4.8%
- Cash
- 3.5%
- Financials
- 1.1%
- Industrials
- 0.4%
How it has done
PRMTX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.13%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.77% | +4.76% | +79.97% | +31.89% | -13.00% | |
| 0.67% | +4.87% | +80.54% | +32.55% | -12.95% |
These classes hold the same portfolio, so the 0.66pp spread over 5 years is the cost difference between them — roughly 0.13pp a year — not a difference in what they own.
Fees & fund details
T. Rowe Price Communications & Technology Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.67% – 0.77%· PRMTX 0.77%
- Portfolio turnover
- 73.10% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
25 new· the largest 8
12 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
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