T. Rowe Price Communications & Technology Fund Investor Class
PRMTX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Oct 13, 1993
- CIK
- 0000910671
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Communications & Technology Fund Investor Class (PRMTX) is an open-end mutual fund that seeks long-term capital growth by investing at least 80% of its net assets in equity securities of communications and technology companies; it employs both growth and value stock selection approaches and maintains a non-diversified portfolio that may include a relatively small number of U.S. and non-U.S. holdings. The fund's core offerings focus on common stocks within the communications services and information technology sectors, including leading positions in companies such as Meta Platforms Inc., Netflix Inc., Alphabet Inc., Deutsche Telekom AG, and T-Mobile US Inc., which together comprise over 39% of the portfolio as of recent holdings data; sector allocations emphasize communication services at approximately 69%, technology at 14%, and consumer cyclical at 10%, with geographic exposure primarily to the United States (71%), Eurozone (7%), Japan (6%), and developed/emerging Asia. Launched on October 13, 1993, the fund is managed by T. Rowe Price Group, Inc., headquartered in Baltimore, Maryland, and operates with a net expense ratio of 0.77%, a minimum initial investment of $2,500 for retail shares, and total net assets exceeding $10 billion. In recent developments, Daniel Shear assumed the role of lead portfolio manager effective January 1, 2025, succeeding the prior manager who transitioned to oversee T. Rowe Price Growth Stock Fund, marking a strategic leadership shift amid Morningstar's subsequent downgrade of the fund's People and Process ratings due to the new manager's relative inexperience in certain tangential sectors; additionally, effective March 1, 2025, the fund adopted the MSCI World IMI Communication Services 10/40 index as its benchmark, reflecting an enhanced alignment with global communications services performance metrics.