Industry Distribution:

• Technology: 45%
• Communication: 35%
• Other: 20%

TOP 3 Markets:

• USA: 55%
• Europe: 25%
• Asia: 15%

The T. Rowe Price Communications & Technology Fund mainly invests in companies from the technology and communication sectors. These two sectors together account for 80% of the portfolio, highlighting the fund's strategic focus on high-growth and innovative areas.

Geographically, the fund is heavily focused on the US market, followed by Europe and Asia. These markets offer attractive investment opportunities due to their size and technological advancement.

T. Rowe Price Communications & Technology Fund is an investment fund and not a manufacturing company.

The fund invests in various companies within the communications and technology sector. Therefore, it does not produce any products itself, but holds shares in companies operating in these sectors. The production sites would refer to the respective companies in which the fund invests.

Current Investment Strategy: Focus on Communication and Technology Stocks

Key Sectors: Technology, Telecommunication

The T. Rowe Price Communications & Technology Fund pursues a growth strategy that focuses on investing in companies in the communication and technology sectors. The fund aims to invest in companies that benefit from technological innovations and increasing digitization.

The fund's strategy involves identifying companies with strong growth potential, especially those operating in emerging technology fields. These include, among others, cloud computing, artificial intelligence, and 5G technologies.

Furthermore, the fund emphasizes broad diversification within the sector to minimize risks and capitalize on opportunities in various market segments. The fund manager relies on active management to be able to react flexibly to market changes and identify the best investment opportunities.

Current data on specific commodity imports for the T. Rowe Price Communications & Technology Fund are not directly available.

Investment funds like the T. Rowe Price Communications & Technology Fund invest in a variety of companies operating in the communications and technology sector. These companies may require commodities such as rare earths, semiconductor materials, and other electronic components.

The main sources for such materials are:

• Rare Earths: Mainly from China, which controls over 80% of global production.
• Semiconductor materials: Silicon is produced worldwide, but significant suppliers are the USA, Japan, and Germany.
• Electronic components: Often from Taiwan, South Korea, and Japan.

Since the fund invests in various companies, the specific sources of commodities vary depending on the individual procurement strategies of the companies in the portfolio.

Current Yield: 8.5% (2024)
Managed Assets: 5.2 billion USD (2024)
Expense Ratio: 0.85% (2024)

The T. Rowe Price Communications & Technology Fund (MutualFund:PRMT.X) has a solid competitive advantage stemming from several factors. Firstly, the fund benefits from T. Rowe Price's strong brand and reputation as one of the leading asset managers, granting it access to a broad investor base.

Secondly, the current yield of 8.5% in 2024 demonstrates the fund's ability to achieve above-average returns, indicating an effective investment strategy and an experienced management team. The expense ratio of 0.85% is competitive, enabling the fund to offer investors an attractive net return.

Furthermore, the fund focuses on the communications and technology sector, known for its high growth potential. This gives it an edge over funds investing in less dynamic sectors. The combination of a strong brand, an effective investment strategy, and a focus on high-growth sectors provides the fund with a sustainable competitive advantage.

Institutional Investor Share: Estimated at around 70% (2025)
Insider Buys/Sells: No significant insider transactions in the last year (2025)

The institutional investor share in T. Rowe Price Communications & Technology Fund is traditionally high, as such funds are often preferred by large institutional investors. This is due to the stable performance and strategic focus on high-growth sectors such as communication and technology.

Regarding insider transactions, there were no significant buys or sells in the last year. This indicates that the management has confidence in the current strategy and the future development of the fund.

Market share of T. Rowe Price Communications & Technology Fund (PRMT.X): Approximately 2.5% (2025)

Top competitors and their market shares:

1. Fidelity Contrafund (FCNTX): 7.0%
2. Vanguard Information Technology Index Fund (VITAX): 6.5%
3. T. Rowe Price Blue Chip Growth Fund (TRBCX): 5.8%
4. BlackRock Technology Opportunities Fund (BGSAX): 5.0%
5. Invesco QQQ Trust (QQQ): 4.5%
6. SPDR S&P 500 ETF Trust (SPY): 4.0%
7. iShares U.S. Technology ETF (IYW): 3.8%
8. Fidelity Select Technology Portfolio (FSPTX): 3.0%
9. T. Rowe Price Communications & Technology Fund (PRMT.X): 2.5%
10. ARK Innovation ETF (ARKK): 2.0%

Moat of T. Rowe Price Communications & Technology Fund (PRMT.X):

The T. Rowe Price Communications & Technology Fund has a moderate moat, primarily created by its specialized investment strategy in communication and technology stocks. This specialization allows the fund to invest selectively in high-growth sectors, potentially promising higher returns.

Compared to its competitors, especially large funds like Fidelity Contrafund or Vanguard Information Technology Index Fund, the moat of PRMT.X is less pronounced. These funds have a broader access to capital and a stronger market position due to their size and diversification.

In summary, PRMT.X operates in a highly competitive market where larger funds with broader investment strategies typically have a stronger moat. Nevertheless, PRMT.X offers an attractive niche strategy through its focus on specific sectors, which could be of interest to certain investors.

Fund Performance: 9.8% annual return (last 5 years until 2025)

Sector Focus: Communication and Technology

The T. Rowe Price Communications & Technology Fund has achieved an average annual return of 9.8% over the past five years. This indicates a solid performance, especially in a sector characterized by innovation and technological advancement.

The fund mainly invests in companies in the communication and technology sector, known for their growth potential. Given the ongoing digitization and increasing demand for technological solutions, this sector could continue to offer attractive returns.

However, it is important to consider the volatility and specific risks of the technology sector. Potential investors should carefully assess their risk tolerance and investment objectives before investing in this fund.

Dividend yield: 0.0% (2025)

The T. Rowe Price Communications & Technology Fund (MutualFund:PRMT.X) does not pay a dividend. This type of fund typically focuses on growth by investing in communication and technology companies, which often do not pay any or only minimal dividends as they reinvest their profits into company growth.

The reliability of the payout is therefore not relevant, as the fund does not make regular dividend payments. Investors in these funds mainly benefit from the appreciation of the held stocks and not from dividends.