0001752724-20-048382.txt : 20200312 0001752724-20-048382.hdr.sgml : 20200312 20200311192343 ACCESSION NUMBER: 0001752724-20-048382 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20191231 FILED AS OF DATE: 20200312 DATE AS OF CHANGE: 20200311 EFFECTIVENESS DATE: 20200312 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Communications & Technology Fund, Inc. CENTRAL INDEX KEY: 0000910671 IRS NUMBER: 521840883 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-07075 FILM NUMBER: 20706834 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: T. Rowe Price Media & Telecommunications Fund, Inc. DATE OF NAME CHANGE: 20051028 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE MEDIA & TELECOMMUNICATIONS FUND INC DATE OF NAME CHANGE: 19980513 FORMER COMPANY: FORMER CONFORMED NAME: NEW AGE MEDIA FUND INC DATE OF NAME CHANGE: 19930827 0000910671 S000002101 T. Rowe Price Communications & Technology Fund C000005469 T. Rowe Price Communications & Technology Fund PRMTX C000169955 T. Rowe Price Communications & Technology Fund-I Class TTMIX N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0000910671 XXXXXXXX 811-07075 false false false N-1A true T. ROWE PRICE COMMUNICATIONS & TECHNOLOGY FUND, INC. 811-07075 0000910671 549300TFC71T5RFLF412 100 East Pratt Street Baltimore 21202 US-MD US 410-345-2000 T. Rowe Price Communications & Technology Fund, Inc. 100 East Pratt Street Baltimore 21202 410-345-2000 All accounts, books, and other documents required to be maintained by the Registrant under Section 31(a) of the Investment Company Act of 1940 and the rules thereunder. T. Rowe Price Services, Inc. 4525 Painters Mill Road Owings Mills 21117 410-345-2000 Transfer, dividend disbursing, and shareholder service records. JPMorgan Chase Bank, London Woolgate House, Coleman Street London GB EC2P 2HD 0 44 20 7742 4000 Records related to the custody of Registrant's portfolio securities which are purchased outside the United States. State Street Corporation 1776 Heritage Drive Quincy 02171 617-786-3000 Custodian records for the Registrant. The Bank of New York Mellon 103 Bellevue Parkway Wilmington 19809 800-441-9800 Fund accounting records. N N N-1A 1 Y Cecilia E. Rouse N/A N Ronald J. Daniels N/A N Bruce W. Duncan N/A N Robert W. Sharps N/A Y John G. Schreiber N/A N Robert J. Gerrard, Jr. N/A N Teresa Bryce Bazemore N/A N Paul F. McBride N/A N David Oestreicher 004594569 Y John R. Gilner 001909214 100 East Pratt Street Baltimore 21202 XXXXXX N N N N N N T. Rowe Price Investment Services, Inc. 008-25130 000008348 N/A Y N PricewaterhouseCoopers LLP 238 N/A N N N N N N N T. Rowe Price Communications & Technology Fund, Inc. S000002101 76U4E7L1T87LSBLKB493 N 2 0 0 N/A Y N Y N N JPMorgan Chase Bank 7H6GLXDRUGQFU57RNE97 N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Revenue sharing split Other Rebate 120971366.00000000 1698609.00000000 Rule 32a-4 (17 CFR 270.32a-4) Y N N N T. Rowe Price Associates, Inc. 801-00856 000105496 7HTL8AEQSEDX602FBU63 N T. Rowe Price Retirement Plan Services, Inc. 084-01917 N/A Y Y T. Rowe Price Services, Inc. 084-01079 N/A Y N N ICE Data Services N/A N Markit North America, Inc. N/A N Bloomberg Finance L.P. 5493001KJTIIGC8Y1R12 N Refinitiv 549300561UZND4C7B569 N N Citibank Anonim Sirketi CWZ8NZDH5SKY12Q4US31 TR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC Bank PLC - Athens Branch MP6I5ZYZBEU3UXPYFY54 GR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank del Peru S.A. 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Morgan Bank International" OOO 549300B831LSRSI6RA15 RU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank AG, Hungary branch 7LTWFZYICNSX8D621K86 HU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited, Sri Lanka Branch 2HI3YI5320L3RW6NJ957 LK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DBS Bank Ltd, Singapore ATUEL7OJR5057F2PV266 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Santander Securities Services, S.A. 95980020140005970915 ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) J.P. Morgan Bank Luxembourg S.A. 7W1GMC6J4KGLBBUSYP52 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Nordea Bank Abp - Norway Branch 529900ODI3047E2LIV03 NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Royal Bank of Canada ES7IP3U3RHIGC71XBU11 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Nordea Bank Abp - Denmark Branch 529900ODI3047E2LIV03 DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank N.A., Egypt E57ODZWZ7FF32TWEFA76 EG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) J.P. Morgan S.A. - Distribuidora de Titulos e Valores Mobiliarios 5493001LS7J56NZZ3G07 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMorgan Chase Bank, London 7H6GLXDRUGQFU57RNE97 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank (Thai) Public Company Limited 549300O1LQYCQ7G1IM57 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Mizuho Bank, Ltd. RB0PEZSDGCO3JS6CEU02 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) EUROCLEAR BANK SA/NV 549300OZ46BRLZ8Y6F65 BE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) JPMorgan Chase Bank, N.A. - Mumbai Branch 7H6GLXDRUGQFU57RNE97 IN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMorgan Chase Bank, N.A. - Hong Kong Branch 7H6GLXDRUGQFU57RNE97 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMorgan Chase Bank, N.A. - New Zealand Branch 7H6GLXDRUGQFU57RNE97 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Nordea Bank Abp - Sweden Branch 529900ODI3047E2LIV03 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UniCredit Bank Czech Republic and Slovakia, a.s. KR6LSKV3BTSJRD41IF75 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) PT Bank HSBC Indonesia 213800HW5IDIRLWH1203 ID N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMorgan Chase Bank, N.A. 7H6GLXDRUGQFU57RNE97 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) UBS Switzerland AG 549300WOIFUSNYH0FL22 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) HSBC Bank (Vietnam) Ltd 213800H95OG9OHRT4Y78 VN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMorgan Chase Bank, N.A. - Sydney Branch 7H6GLXDRUGQFU57RNE97 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited, Philippine Branch 2HI3YI5320L3RW6NJ957 PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC Bank Middle East Limited - Dubai Branch 549300F99IL9YJDWH369 AE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N T. Rowe Price Retirement Plan Services, Inc. N/A Y Y T. Rowe Price Services, Inc. N/A Y N N T. Rowe Price Associates, Inc. 7HTL8AEQSEDX602FBU63 Y N N T. Rowe Price Investment Services, Inc. 008-25130 000008348 N/A 0 Credit Suisse Group AG N/A N/A 549300506SI9CRFV9Z86 CH 6475 Royal Bank of Canada N/A N/A ES7IP3U3RHIGC71XBU11 CA 5691 Morgan Stanley N/A N/A IGJSJL3JD5P30I6NJZ34 12725 Citigroup, Inc. N/A N/A 6SHGI4ZSSLCXXQSBB395 32959 Bank of America Corporation N/A N/A 9DJT3UXIJIZJI4WXO774 11310 Allen & Company LLC 008-12123 000001042 549300RO3RYDN328JY68 58597 Kepler Cheuvreux N/A N/A 9695005EOZG9X8IRJD84 FR 6170 JP MORGAN CHASE & CO. N/A N/A 8I5DZWZKVSZI1NUHU748 56516 The Goldman Sachs Group, Inc. N/A N/A 784F5XWPLTWKTBV3E584 45986 Jefferies Financial Group Inc. N/A N/A 549300HOF34RGOJ5YL07 6907 261076 KKR CAPITAL MARKETS LIMITED N/A N/A 213800U4XPKX88KLZ921 GB 7794806 Allen & Company LLC 008-12123 000001042 549300RO3RYDN328JY68 17147151 JP MORGAN CHASE & CO. N/A N/A 8I5DZWZKVSZI1NUHU748 22012319 The Goldman Sachs Group, Inc. N/A N/A 784F5XWPLTWKTBV3E584 9069606 EFG Hermes KSA N/A N/A 558600PL8MQNKHD7S478 SA 5454144 Morgan Stanley N/A N/A IGJSJL3JD5P30I6NJZ34 16806433 Jefferies Financial Group Inc. N/A N/A 549300HOF34RGOJ5YL07 8800587 Bank of America Corporation N/A N/A 9DJT3UXIJIZJI4WXO774 10464923 Credit Suisse Group AG N/A N/A 549300506SI9CRFV9Z86 CH 10554046 Renaissance Capital N/A N/A 549300XCLIFG9EHHR480 NZ 5454144 141820552 Y 5911767000 0 N N N N false false true false false false INTERNAL CONTROL RPT 2 g1aiii_trp_commtech.htm HTML

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of T. Rowe Price Communications & Technology Fund, Inc.

In planning and performing our audit of the financial statements of T. Rowe Price Communications & Technology Fund, Inc. (the “Fund”) as of and for the year ended December 31, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Fund’s internal control over financial reporting.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

 

 

PricewaterhouseCoopers LLP, 100 East Pratt Street Suite 2600 Baltimore, Maryland 21202-1096

    T: 410 783 7600; F: 410 783 7680, www.pwc.com/us


Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 2019.

This report is intended solely for the information and use of the Board of Directors of T. Rowe Price Communications & Technology Fund, Inc. and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ PricewaterhouseCoopers LLP

Baltimore, Maryland

February 20, 2020

 

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