Global Technology Fund - I ClassN-restricted

Restricted

Invests primarily in companies we expect to generate a majority of revenue from the development, advancement, and use of technology. Focus on the common stocks of what we consider to be leading technology companies around the world.

The fund is less diversified than stock funds investing in a broader range of industries and, therefore, could experience significant volatility. Any foreign holdings could be affected by declining local currencies or adverse political or economic events.

Morningstar (Category)

Morningstar
(Overall Rating)1

Technology
  (216 funds)

Data as of 10/31/2021

Data as of 10/31/2021

Fund Manager Tenure2

Net Assets3
(USD)

2yrs
$10.2b

Data as of 10/31/2021

Data as of 10/31/2021

Price
(USD)

Daily Price Change

$33.37
$+0.63

Data as of 11/24/2021

Data as of 11/24/2021

Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.

Alan Tu, CFA
Alan Tu, CFA, Portfolio Manager

Alan Tu is the portfolio manager for the Global Technology Equity Strategy in the U.S. Equity Division. He also is chairman of its Investment Advisory Committee. Alan is a vice president and an Investment Advisory Committee member of the US Small-Cap Growth II Equity, Science & Technology Equity, US Large-Cap Core Growth Equity, Communications and Technology Equity, and US Tax-Efficient Multi-Cap Growth Equity Strategies. In addition, he is an Investment Advisory Committee member of the Global Growth Equity Strategy. Alan also is a vice president of T. Rowe Price Group, Inc.

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Strategy

Investment Objective

The fund seeks to provide long-term capital growth.

Average Annual Total Returns (I Class)*

1 YR
39.82%
Benchmark
30.26%
Value
9.56% 6.39%

Data as of 09/30/2021

3 YR
34.91%
Benchmark
26.11%
Value
8.80% 11.13%

Data as of 09/30/2021

5 YR
28.25%
Benchmark
26.21%
Value
2.04% 2.41%

Data as of 09/30/2021

10 YR
26.51%
Benchmark
20.99%
Value
5.52% 5.17%

Data as of 09/30/2021

Benchmark: MSCI All Country World Index Information Technology Net

Investor Class Inception Date: 09/29/2000

I Class Inception Date: 11/29/2016

Expense Ratio

Gross
0.75%
Net
0.75%

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares. Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions.

Investors should note that short term returns greater than 40% are highly unusual and unlikely to be sustained.

*The T. Rowe Price Funds-I Class share the portfolio of an existing fund (the original share class of the fund is referred to as the "investor class"). The total return figures for I Class shares have been calculated using the performance data of the investor class up to the inception date of the I Class (shown above) and the actual performance results of the I Class since that date.  Because the I Classes are expected to have lower expenses than the Investor Classes, The I Class performance, had it existed over the periods shown, would have been higher. 

The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's prospectus prior to the deduction of any waiver or reimbursement. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement.  If a fund has an active contractual expense limitation, the expiration date is shown below the gross and net expense ratio values above.  Expense ratios are as of the most recent prospectus.

Sectors

Total
Sectors
12

Data as of 10/31/2021

Benchmark: MSCI All Country World Index Information Technology

Largest Sector Software 49.16% Was (09/30/2021) 46.06%
Other View complete

Contributor

Semiconductors
By 0.63%
Sector 0.38%
Selection 0.25%

Detractor

Media & Entertainment
By -0.70%
Sector -1.80%
Selection 1.11%

Data as of 09/30/2021

Over

Internet
By 22.61%
Fund 22.89%
Benchmark 0.28%

Under

Hardware
By -21.14%
Fund 1.04%
Benchmark 22.18%

Data as of 10/31/2021

Team (As of )

Alan Tu, CFA

Alan Tu, CFA
Portfolio Manager

Alan Tu is the portfolio manager for the Global Technology Equity Strategy in the U.S. Equity Division. He also is chairman of its Investment Advisory Committee. Alan is a vice president and an Investment Advisory Committee member of the US Small-Cap Growth II Equity, Science & Technology Equity, US Large-Cap Core Growth Equity, Communications and Technology Equity, and US Tax-Efficient Multi-Cap Growth Equity Strategies. In addition, he is an Investment Advisory Committee member of the Global Growth Equity Strategy. Alan also is a vice president of T. Rowe Price Group, Inc.

  • Fund manager
    since 2019
  • Years at
    T. Rowe Price 7
  • Years investment
    experience 7
Jennifer O'Hara Martin

Jennifer O'Hara Martin
Portfolio Specialist

Jennifer O’Hara Martin is a global equity portfolio specialist in the U.S. Equity Division. She is a member of the Global Growth Equity, Global Focused Growth Equity, Global Technology Equity, Communications & Technology Equity, and Science & Technology Equity Strategy teams. Jennifer is a vice president of T. Rowe Price Group, Inc.

  • Years at
    T. Rowe Price 16
  • Years investment
    experience 25

For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.

View platform information
1

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2

Number of years managing the fund.  In the case of co-portfolio management, the longer tenure is displayed.

3

Figure applies to all share classes.

Source: MSCI.  MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein.  The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products.  This report is not approved, reviewed, or produced by MSCI.

N-restricted

Certain limited exceptions may apply to these scenarios. The funds reserve the right, when in the judgment of T. Rowe Price, it is not adverse to a fund's interest, to permit certain types of investors to open new accounts in a fund, to impose further restrictions, or to close a fund to any additional investments, all without notice.

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