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PRASX T. Rowe Price New Asia

  • Fund
  • PRASX
  • Price as of: Dec 06, 2016
  • $15.77
  • + $0.09
  • + 0.57%
  • Category
  • Asia Pacific Equities

PRASX - Profile

Vitals

  • YTD Return 3.3%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return 4.6%
  • Net Assets $2.67 B
  • Holdings in Top 10 31.2%

52 WEEK LOW AND HIGH

$15.77
$13.17
$17.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.94%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 53.20%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Asia Pacific Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Pacific/Asia ex-Japan Stk

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.94%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price New Asia Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Sep 28, 1990
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Anh Lu

Fund Description

The T. Rowe Price New Asia Fund (PRASX) is a low-cost, actively managed fund that focuses on Asian stocks from both developed and emerging markets. These include stocks domiciled in China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan and Thailand. The fund excludes Japan from its portfolio. PRASX’s managers employ a variety of analysis metrics to find undervalued stocks that have above-average earnings growth within the emerging-market region. There are no market-cap restrictions nor any sector requirements for the fund.

Given its narrow focus on Asia’s markets, PRASX is best suited as a satellite position or core position when paired with a Latin American fund. The fund is managed by T. Rowe Price.

PRASX - Performance

Return Ranking - Trailing

Period PRASX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.3% -8.5% 18.1% 48.72% 3
1 Yr 3.8% -19.7% 22.5% 50.85% 3
3 Yr 1.6% * -9.0% 10.9% 39.42% 2
5 Yr 4.6% * -3.3% 10.4% 56.38% 3
10 Yr 6.6% * -2.1% 8.5% 17.39% 1

* Annualized


Return Ranking - Calendar

Period PRASX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.3% -33.7% 8.8% 38.26% 3
2014 1.7% -12.9% 16.9% 36.27% 2
2013 -4.8% -11.9% 17.6% 82.80% 5
2012 20.8% 0.0% 41.0% 42.70% 3
2011 -27.5% -35.8% 0.0% 87.84% 5

Total Return Ranking - Trailing

Period PRASX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.3% -8.5% 18.1% 50.86% 3
1 Yr 3.8% -18.5% 20.8% 40.17% 2
3 Yr 1.6% * -5.7% 10.9% 39.81% 2
5 Yr 4.6% * -0.4% 10.4% 60.64% 3
10 Yr 6.6% * 0.1% 10.1% 17.39% 1

* Annualized


Total Return Ranking - Calendar

Period PRASX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.2% -33.7% 16.1% 48.25% 3
2014 7.3% -9.1% 17.9% 24.75% 2
2013 -0.7% -10.6% 38.4% 81.52% 5
2012 27.9% 0.0% 46.3% 47.73% 3
2011 -16.8% -33.3% 0.0% 30.14% 2

NAV & Total Return History

PRASX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

PRASX Category Low Category High PRASX % Rank Quintile
Net Assets 2.67 B 1.34 M 7.37 B 4.20% 1
Number of Holdings 84 33 2277 13.45% 3
Net Assets in Top 10 853 M 475 K 1.97 B 2.52% 1
Weighting of Top 10 31.2% 11.8% 65.7% 19.33% 3

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 3.78%
  2. AIA Group Ltd 3.67%
  3. Samsung Electronics Co Ltd 3.97%
  4. Tencent Holdings Ltd 5.97%
  5. Infosys Ltd 2.11%
  6. HDFC Bank Ltd 4.04%
  7. CK Hutchison Holdings Ltd 2.19%
  8. Alibaba Group Holding Ltd ADR 1.90%
  9. Samsonite International SA 1.83%
  10. PT Bank Central Asia Tbk 1.80%

Asset Allocation

Weighting Category Low Category High PRASX % Rank Quintile
Stocks
93.62% 0.00% 100.00% 26.89% 4
Cash
3.50% -15.35% 15.30% 6.72% 2
Other
2.88% 0.00% 10.05% 5.88% 1
Convertible Bonds
0.00% 0.00% 21.89% 3.36% 2
Preferred Stocks
0.00% 0.00% 8.08% 5.88% 2
Bonds
0.00% 0.00% 76.91% 5.04% 2

Stock Sector Breakdown

Weighting Category Low Category High PRASX % Rank Quintile
Technology
29.73% 0.00% 35.71% 1.68% 1
Financial Services
17.40% 0.00% 38.24% 13.45% 3
Industrials
10.95% 0.07% 37.74% 16.81% 3
Consumer Cyclical
10.62% 0.00% 35.23% 30.25% 5
Consumer Defense
8.06% 0.00% 24.42% 17.65% 3
Real Estate
5.30% 0.00% 12.04% 12.61% 2
Healthcare
4.25% 0.00% 24.60% 20.17% 3
Basic Materials
3.59% 0.00% 15.81% 21.01% 3
Communication Services
1.88% 0.00% 16.01% 28.57% 4
Utilities
1.84% 0.00% 13.25% 20.17% 4
Energy
0.00% 0.00% 6.38% 21.85% 4

Stock Geographic Breakdown

Weighting Category Low Category High PRASX % Rank Quintile
Non US
91.79% 0.00% 99.99% 29.41% 4
US
1.83% 0.00% 29.89% 11.76% 1

PRASX - Expenses

Operational Fees

PRASX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.94% 0.09% 8.52% 73.95% 1
Management Fee 0.79% 0.06% 1.50% 12.61% 2
12b-1 Fee 0.00% 0.00% 1.00% 8.05% 1
Administrative Fee 0.15% 0.01% 0.37% 5.48% 4

Sales Fees

PRASX Fees (% of AUM) Category Low Category High PRASX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

PRASX Fees (% of AUM) Category Low Category High PRASX Rank Quintile
Max Redemption Fee 2.00% 1.00% 2.00% 1.67% 2

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PRASX Fees (% of AUM) Category Low Category High PRASX Rank Quintile
Turnover 53.20% 4.10% 245.00% 17.65% 2

PRASX - Distributions

Dividend Yield Analysis

PRASX Category Low Category High PRASX % Rank Quintile
Dividend Yield 0.2% 0.01% 3.84% 54.95% 3

Dividend Distribution Analysis

PRASX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PRASX Category Low Category High PRASX % Rank Quintile
Net Income Ratio 0.94% -1.76% 4.81% 36.13% 2

Capital Gain Distribution Analysis

PRASX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

PRASX - Managers

Anh Lu

Lead Manager

Start Date

Jun 02, 2014

Tenure

2.42

Tenure Rank

22.9%

"Anh Lu is a portfolio manager in the Equity Division of T. Rowe Price Hong Kong Limited. Ms. Lu is the lead portfolio manager for the Asia ex-Japan Equity Strategy. Ms. Lu is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Hong Kong Limited. Ms. Lu has 20 years of investment experience, 14 of which have been with T. Rowe Price. Prior to joining the firm, she was a vice president of the Asia Pacific Technology Investment Banking Division of Salomon Smith Barney in Hong Kong. Before Salomon Smith Barney, Anh spent three years at LGT Asset Management as an analyst and portfolio manager. Ms. Lu earned a B.A. with honours from the University of Western Ontario."


Tenure Analysis

Category Low

0.1

Category High

25.0

Category Average

5.48

Category Mode

1.9