Fund Evaluator:
T. Rowe Price Comm & Tech Investor (PRMTX)
Follow This Fund
Best Performing in Communications Over the Last Year
| 50.7% | Rydex Telecommunications Inv (RYMIX) |
| 35.1% | Fidelity Select Wireless (FWRLX) |
| 25.3% | Fidelity Advisor Communication ServicesZ (FGKMX) |
| 25.2% | Fidelity Select Communication Services (FBMPX) |
| 13.3% | Fidelity Advisor Telecommunications Z (FIJGX) |
Fund Details
T. Rowe Price Comm & Tech Investor Overview
T. Rowe Price Comm & Tech Investor (PRMTX) is an actively managed Sector Equity Communications fund. T. Rowe Price launched the fund in 1993.
The investment seeks to provide long-term capital growth. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of communications and technology companies. Any derivatives that provide exposure to the investment focus suggested by the fund’s name, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy. It is non-diversified.
About T. Rowe Price Comm & Tech Investor (PRMTX)
There are 1 members of the management team with an average tenure of 1.49 years: Daniel Shear (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and MSCI World IMI Com Services 10/40 NR USD index with a weighting of 100%. T. Rowe Price Comm & Tech Investor has 57 securities in its portfolio. The top 10 holdings constitute 61.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
T. Rowe Price Comm & Tech Investor is part of the Equity global asset class and is within the Sector Equity fund group. T. Rowe Price Comm & Tech Investor has 22.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 69.6%. There is 22.3% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). T. Rowe Price Comm & Tech Investor has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $4 billion in total assets, which is above the $473 million average for the Communications category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PRMTX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The T. Rowe Price Comm & Tech Investor expense ratio is above average compared to funds in the Communications category. T. Rowe Price Comm & Tech Investor has an expense ratio of 0.77%, which is 22% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. T. Rowe Price Comm & Tech Investor has a portfolio turnover rate of 73%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 109% for the Communications category.
Recently, in the month of June 2026, T. Rowe Price Comm & Tech Investor returned -4.0%, which earned it a grade of A, as the Communications category had an average return of -5.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
T. Rowe Price Comm & Tech Investor has a trailing yield of 0.02%, which is below the 2.51% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
T. Rowe Price Comm & Tech Investor Grades
Year to date, the fund has returned -0.4%, 12.9 percentage points worse than the category, which translates into a grade of F. The fund has returned -5.1% over the past year (grade of F), 17.9% over the past three years (grade of F) and 3.6% per year over the past five years (grade of F) and 14.2% per year over the past 10 years (grade of B).
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PRMTX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PRMTX Return (NAV) | -4.0% | 7.2% | -5.1% | 17.9% | 3.6% | 14.2% |
| PRMTX Grade | A | D | F | F | F | B |
| +/- Category | 1.4% | -2.3% | -28.9% | -6.0% | -4.1% | 3.5% |
| Communications Avg | -5.4% | 9.5% | 23.7% | 23.9% | 7.7% | 10.7% |
| PRMTX Tax Cost Ratio | na | na | 4.9% | 2.8% | 2.8% | 1.7% |
PRMTX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PRMTX Return (NAV) | -0.4% | 7.1% | 38.1% | 39.3% | -40.6% | 9.7% | 53.7% | 33.9% | -1.8% | 33.0% | 7.5% |
| PRMTX Grade | F | F | A | B | F | C | A | A | A | A | F |
| +/- Category | -12.9% | -17.3% | 13.0% | 11.0% | -10.4% | 1.6% | 29.3% | 10.4% | 5.1% | 23.4% | -6.5% |
| Communications Avg | 12.5% | 24.4% | 25.1% | 28.3% | -30.1% | 8.0% | 24.3% | 23.6% | -7.0% | 9.6% | 14.0% |
| Risk Measures | |
| Standard Deviation: | 15.5% |
| Total Risk Index: | 1.27 - Above Average |
| Category Risk Index: | 0.94 - Average |
| Category Risk Grade: | C (48% Rank) |
| Beta: | 0.97 |
| R-Squared: | 64% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $8164 Mil |
| Fund Total Assets: | $4,373 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 73% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.5 years | |||
| Average Tenure: 1.5 years | |||
| Managers (Year): Shear Daniel (2025) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 57 |
| % in Top 10 Holdings: | 61.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 22.3% |
Portfolio Allocation |
|
| Domestic Stock: | 69.6% |
| Foreign Stock: | 22.3% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 7.8% |
| Cash: | 0.2% |
Purchase Information
| Fund Family: | T. Rowe Price |
| Phone Number: | 800-638-5660 |
| Website: | www.troweprice.com |
| Status: | Open |
| Inception Date: | October 13, 1993 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.77% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.99% |
| Share Class: | T. Rowe Price Comm & Tech Investor |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
