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PRASX T. Rowe Price New Asia

  • Fund
  • PRASX
  • Price as of: Sep 21, 2017
  • $20.17
  • - $0.04
  • - 0.20%
  • Category
  • Asia Pacific Equities

PRASX - Profile

Vitals

  • YTD Return 32.7%
  • 3 Yr Annualized Return 5.5%
  • 5 Yr Annualized Return 8.0%
  • Net Assets $2.96 B
  • Holdings in Top 10 35.0%

52 WEEK LOW AND HIGH

$20.17
$15.07
$20.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.95%

SALES FEES

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

BROKERAGE FEES

  • Turnover 39.40%

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 32.7%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 8.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.83%
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 32.7% -6.5% 40.6% 24.79% 2
1 Yr 20.5% -14.4% 26.6% 42.37% 3
3 Yr 5.5% * -2.5% 9.4% 44.04% 3
5 Yr 8.0% * -0.4% 14.2% 61.70% 4
10 Yr 5.3% * 0.0% 7.4% 32.69% 2

* Annualized


Return Ranking - Calendar

Period PRASX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -0.4% -33.7% 17.1% 56.52% 4
2015 -6.3% -31.2% 8.8% 39.81% 3
2014 1.7% -12.9% 16.9% 36.27% 2
2013 -4.8% -11.9% 19.7% 87.10% 5
2012 20.8% 0.0% 41.0% 45.24% 3

Total Return Ranking - Trailing

Period PRASX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 32.7% -6.5% 40.6% 25.00% 2
1 Yr 20.5% -18.5% 26.6% 29.06% 2
3 Yr 5.5% * -3.0% 9.4% 40.74% 2
5 Yr 8.0% * -0.4% 14.2% 58.51% 3
10 Yr 5.3% * 0.0% 7.4% 32.69% 2

* Annualized


Total Return Ranking - Calendar

Period PRASX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -0.4% -33.7% 17.1% 57.02% 4
2015 -5.2% -14.2% 16.1% 50.47% 3
2014 7.3% -9.1% 17.9% 24.75% 2
2013 -0.7% -10.6% 38.4% 86.96% 5
2012 27.9% 0.0% 46.3% 46.99% 3

NAV & Total Return History

PRASX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

PRASX Category Low Category High PRASX % Rank Quintile
Net Assets 2.96 B 1.34 M 8.57 B 3.36% 1
Number of Holdings 78 31 2279 16.81% 3
Net Assets in Top 10 996 M 475 K 2.01 B 2.52% 1
Weighting of Top 10 35.0% 10.3% 64.0% 16.81% 3

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 4.80%
  2. AIA Group Ltd 2.53%
  3. Samsung Electronics Co Ltd 5.91%
  4. Tencent Holdings Ltd 5.78%
  5. HDFC Bank Ltd 2.11%
  6. CK Hutchison Holdings Ltd 2.21%
  7. Alibaba Group Holding Ltd ADR 5.20%
  8. PT Bank Central Asia Tbk 2.16%
  9. Jardine Strategic Holdings Ltd 2.22%
  10. HSBC Holdings PLC 2.06%

Asset Allocation

Weighting Category Low Category High PRASX % Rank Quintile
Stocks
94.51% 0.00% 100.00% 26.89% 4
Cash
3.13% -0.38% 15.78% 12.61% 2
Other
2.36% -0.93% 10.05% 13.45% 2
Preferred Stocks
0.00% 0.00% 5.52% 5.04% 2
Convertible Bonds
0.00% 0.00% 17.98% 2.52% 2
Bonds
0.00% 0.00% 82.40% 5.88% 2

Stock Sector Breakdown

Weighting Category Low Category High PRASX % Rank Quintile
Technology
29.43% 0.00% 42.04% 2.52% 1
Consumer Cyclical
19.58% 0.00% 35.23% 10.08% 2
Financial Services
15.15% 0.00% 38.24% 26.05% 4
Industrials
10.54% 0.07% 30.85% 19.33% 3
Consumer Defense
9.67% 0.00% 26.43% 11.76% 2
Healthcare
3.85% 0.00% 24.60% 19.33% 2
Communication Services
2.54% 0.00% 15.04% 22.69% 3
Basic Materials
2.19% 0.00% 18.23% 29.41% 4
Utilities
1.55% 0.00% 11.10% 19.33% 3
Real Estate
0.00% 0.00% 12.04% 31.09% 4
Energy
0.00% 0.00% 6.81% 26.05% 4

Stock Geographic Breakdown

Weighting Category Low Category High PRASX % Rank Quintile
Non US
94.51% 0.00% 99.99% 21.85% 3
US
0.00% 0.00% 29.81% 19.33% 4

PRASX - Expenses

Operational Fees

PRASX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.95% 0.08% 8.52% 81.51% 1
Management Fee 0.79% 0.05% 1.50% 13.45% 2
12b-1 Fee 0.00% 0.00% 1.00% 9.20% 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 2.50% 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 39.40% 4.00% 232.00% 20.17% 3

PRASX - Distributions

Dividend Yield Analysis

PRASX Category Low Category High PRASX % Rank Quintile
Dividend Yield 0.2% 0.01% 3.84% 56.04% 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 0.83% -1.49% 5.13% 38.66% 3

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

3.25

Tenure Rank

19.3%

"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

0.2

Category High

25.8

Category Average

5.83

Category Mode

2.7