T. Rowe Price Communications & Technology Fund
T. ROWE PRICE COMMUNICATIONS & TECHNOLOGY FUND, INC. · 2 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2026 Q1
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.
| Share class | Gross | Net | As of |
|---|---|---|---|
| PRMTX | 0.80% | 0.77% | 2025 Q1 |
| TTMIX | 0.67% | 0.67% | 2025 Q1 |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 73.10% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.25% |
| Cash & short-term | 3.65% |
| Derivatives | 0.01% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Communication Services | 34.0% |
| International | 27.7% |
| Information Technology | 22.4% |
| Other | 6.0% |
| 4 smaller | 9.9% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: SPCX, SOFTBANK GROUP CORP, ZHONGJI INNOLIGHT CO LTD, OPENAI GROUP PBC CLASS A COMMON PP, SAMSUNG ELECTRONICS CO LTD, MAREX GROUP PLC, DELTA ELECTRONICS INC, ACCTON TECHNOLOGY CORP
Largest exited: MELI, CAPCOM CO LTD, ALIBABA GROUP HOLDING LTD, FABRINET, OPENAI GROUP PCB CLASS A COMMON PP, KONAMI GROUP CORP, SONY GROUP CORP, FORMAGRID INC SER F CVT PFD STOCK PP
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +7.29% | +79.23% | +25.40% | 14.90% | -13.00% | |
| +7.40% | +79.78% | +26.01% | 14.90% | -12.95% |
These classes hold the same portfolio, so the 0.61pp spread over 5 years is the cost difference between them — roughly 0.12pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
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.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| GOOG | ALPHABET INC CL CGOOG | 9.76% | $353.33 | $796.62M | 2.3M |
| META | META PLATFORMS INC-CLASS AMETA | 7.83% | $563.29 | $639.31M | 1.1M |
| TMUS | T-MOBILE US INCTMUS | 5.75% | $167.73 | $469.66M | 2.8M |
| TSM | TAIWAN SEMICONDUCTOR-SP ADRTSM | 5.61% | $477.57 | $458.06M | 959.1K |
| NFLX | NETFLIX INCNFLX | 5.34% | $71.40 | $435.93M | 6.1M |
| — | DEUTSCHE TELEKOM AG-REG | 5.19% | $27.26 | $423.48M | 15.5M |
| AMD | ADVANCED MICRO DEVICESAMD | 4.63% | $580.91 | $377.91M | 650.5K |
| — | SPOTIFY TECHNOLOGY SA | 3.67% | $459.13 | $299.38M | 652.1K |
| NVDA | NVIDIA CORPNVDA | 3.43% | $200.09 | $280.14M | 1.4M |
| SPCX | SPACE EXPLORATION TECHN-CL ASPCX | 3.11% | $170.86 | $254.01M | 1.5M |
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.
Top 10 positions are 54.31% of net assets, top 25 80.85%, across 104 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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