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PRESX T. Rowe Price European Stock

  • Fund
  • PRESX
  • Price as of: Dec 02, 2016
  • $16.63
  • - $0.04
  • - 0.24%
  • Category
  • Europe Equities

PRESX - Profile

Vitals

  • YTD Return -14.1%
  • 3 Yr Annualized Return -3.7%
  • 5 Yr Annualized Return 6.4%
  • Net Assets $1.1 B
  • Holdings in Top 10 29.2%

52 WEEK LOW AND HIGH

$16.63
$16.46
$20.35

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.95%

SALES FEES

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

BROKERAGE FEES

  • Turnover 47.70%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Europe Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Europe Stock

Distributions

  • YTD Total Return -14.1%
  • 3 Yr Annualized Total Return -3.7%
  • 5 Yr Annualized Total Return 6.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.73%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price European Stock Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Feb 28, 1990
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Dean Tenerelli

Fund Description

The T. Rowe Price European Stock Fund (PRESX) is a low-cost, actively managed fund that aims to increase invested capital. PRESX invests in both small- and large-cap stocks domiciled in developed Europe. At least five countries are represented in the portfolio. There are no market-cap or sector requirements. The fund uses various economic and fundamental analyses to find those stocks and nations with catalysts for growth.

PRESX makes an ideal core choice for investors looking to expand their portfolios into international stocks. The fund is managed by T. Rowe Price.

PRESX - Performance

Return Ranking - Trailing

Period PRESX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -14.1% -14.1% 13.8% 95.88% 5
1 Yr -12.1% -16.2% 9.3% 91.09% 5
3 Yr -3.7% * -14.4% 4.0% 74.19% 4
5 Yr 6.4% * -7.6% 10.9% 31.76% 2
10 Yr 3.0% * -6.1% 5.4% 32.39% 2

* Annualized


Return Ranking - Calendar

Period PRESX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.5% -20.7% 11.6% 61.05% 4
2014 -7.5% -36.8% -4.4% 16.67% 1
2013 33.7% -4.5% 36.5% 10.67% 1
2012 21.1% 6.2% 34.9% 44.44% 3
2011 -11.7% -33.2% -4.0% 24.62% 2

Total Return Ranking - Trailing

Period PRESX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -14.1% -14.1% 13.8% 97.94% 5
1 Yr -12.1% -17.2% 9.3% 79.21% 4
3 Yr -3.7% * -14.4% 4.0% 72.04% 4
5 Yr 6.4% * -7.6% 10.9% 27.06% 2
10 Yr 3.0% * -6.1% 5.4% 28.17% 2

* Annualized


Total Return Ranking - Calendar

Period PRESX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.6% -20.7% 11.9% 63.16% 4
2014 -6.2% -36.6% -4.1% 22.62% 2
2013 38.2% -3.2% 53.6% 8.00% 1
2012 26.2% 12.1% 61.2% 51.39% 3
2011 -10.7% -34.5% 1.0% 18.46% 1

NAV & Total Return History

PRESX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

PRESX Category Low Category High PRESX % Rank Quintile
Net Assets 1.1 B 1.42 M 19.9 B 8.91% 2
Number of Holdings 65 30 1259 15.84% 3
Net Assets in Top 10 345 M 483 K 3.75 B 7.92% 2
Weighting of Top 10 29.2% 6.6% 47.9% 17.82% 3

Top 10 Holdings

  1. Nestle SA 4.53%
  2. Allianz SE 2.66%
  3. Novartis AG 3.22%
  4. Zurich Insurance Group AG 2.76%
  5. Vodafone Group PLC 3.41%
  6. SimCorp A/S 2.26%
  7. Roche Holding AG Dividend Right Cert. 3.08%
  8. Wirecard AG 2.50%
  9. Royal Dutch Shell PLC B 2.28%
  10. Dufry AG 2.50%

Asset Allocation

Weighting Category Low Category High PRESX % Rank Quintile
Stocks
99.79% 88.40% 100.00% 1.98% 1
Cash
0.21% -2.07% 11.60% 20.79% 4
Other
0.00% 0.00% 3.79% 20.79% 4
Convertible Bonds
0.00% 0.00% 1.48% 1.98% 2
Preferred Stocks
0.00% 0.00% 3.48% 10.89% 3
Bonds
0.00% 0.00% 5.92% 7.92% 3

Stock Sector Breakdown

Weighting Category Low Category High PRESX % Rank Quintile
Consumer Cyclical
17.56% 0.00% 35.39% 8.91% 2
Financial Services
13.85% 0.00% 41.25% 18.81% 3
Healthcare
11.47% 0.58% 22.31% 16.83% 3
Communication Services
9.62% 0.00% 11.18% 1.98% 1
Industrials
9.35% 1.52% 29.13% 22.77% 5
Technology
8.03% 0.97% 20.00% 14.85% 3
Utilities
7.40% 0.00% 7.40% 0.99% 1
Consumer Defense
7.12% 1.27% 41.79% 21.78% 4
Energy
5.64% 0.00% 25.06% 17.82% 3
Basic Materials
4.40% 0.00% 15.65% 21.78% 4
Real Estate
3.93% 0.00% 6.32% 4.95% 1

Stock Geographic Breakdown

Weighting Category Low Category High PRESX % Rank Quintile
Non US
99.79% 61.44% 99.79% 0.99% 1
US
0.00% 0.00% 32.72% 20.79% 4

PRESX - Expenses

Operational Fees

PRESX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.95% 0.08% 12.20% 68.32% 1
Management Fee 0.79% 0.07% 1.32% 12.87% 2
12b-1 Fee 0.00% 0.00% 1.00% 9.46% 1
Administrative Fee 0.15% 0.01% 0.20% 3.28% 5

Sales Fees

PRESX Fees (% of AUM) Category Low Category High PRESX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

PRESX Fees (% of AUM) Category Low Category High PRESX Rank Quintile
Max Redemption Fee 2.00% 0.05% 2.00% 3.70% 4

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.

PRESX Fees (% of AUM) Category Low Category High PRESX Rank Quintile
Turnover 47.70% 0.00% 718.00% 15.84% 3

PRESX - Distributions

Dividend Yield Analysis

PRESX Category Low Category High PRESX % Rank Quintile
Dividend Yield 0.3% 0.00% 2.16% 32.50% 2

Dividend Distribution Analysis

PRESX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

PRESX Category Low Category High PRESX % Rank Quintile
Net Income Ratio 1.73% -0.89% 3.61% 26.73% 2

Capital Gain Distribution Analysis

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

PRESX - Managers

Dean Tenerelli

Manager

Start Date

Oct 10, 2005

Tenure

11.07

Tenure Rank

5.2%

Mr. Tenerelli has been chairman of the committee since 2008.Dean Tenerelli is portfolio manager in the Equity Division at T. Rowe Price. He manages the Europe Equity Core Strategy, a position he has held since October 2005, and is chairman of its Investment Advisory Committee. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International, Inc. He joined the firm in 2000 as an equity research analyst and was appointed co-manager of the firm's Global Equity Strategy and International Stock Fund in 2004. Prior to joining T. Rowe Price, Mr. Tenerelli served as a director for Credit Suisse Asset Management, where he was a senior telecommunications analyst. Prior to Credit Suisse Asset Management, Mr. Tenerelli worked as assistant portfolio manager at Artisan Partners (1995–2000). He began his investment career in 1993 at Banesto Bolsa in Madrid as an equity analyst following Spanish equities. Mr. Tenerelli later became an international equity analyst, focused on Europe, for Waddell and Reed in Kansas City, MO. In 1995, he moved to Artisan Partners as an assistant portfolio manager. A graduate of Rutgers University with a B.A. in economics, Mr. Tenerelli earned an M.B.A. from Escuela Superior de Administracion y Direccion de Empresa and an M.A. in international management from American Graduate School of International Management (Thunderbird).


Tenure Analysis

Category Low

0.7

Category High

19.0

Category Average

7.47

Category Mode

4.8