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PRLAX T. Rowe Price Latin America

  • Fund
  • PRLAX
  • Price as of: Dec 06, 2016
  • $19.16
  • + $0.23
  • + 1.22%
  • Category
  • Latin America Equities

PRLAX - Profile

Vitals

  • YTD Return 27.5%
  • 3 Yr Annualized Return -7.0%
  • 5 Yr Annualized Return -5.9%
  • Net Assets $676 M
  • Holdings in Top 10 53.7%

52 WEEK LOW AND HIGH

$19.16
$13.36
$22.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.37%

SALES FEES

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

BROKERAGE FEES

  • Turnover 23.20%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Latin America Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Latin America Stock

Distributions

  • YTD Total Return 27.5%
  • 3 Yr Annualized Total Return -7.0%
  • 5 Yr Annualized Total Return -5.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.22%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Latin America Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Dec 29, 1993
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Verena E. Wachnitz

Fund Description

The T. Rowe Price Latin America Fund (PRLAX) is a low-cost, actively managed fund that focuses on emerging markets, specifically Latin and South America. This includes stocks domiciled in Argentina, Mexico, Brazil, Chile, Venezuela and Peru. The fund’s managers use a variety of analysis metrics to determine undervalued stocks that have above-average earnings growth within the emerging-market region. There are no market capitalization restrictions nor any sector requirements for the fund. Although, traditionally the fund has been heavy in natural resources.

Given its narrow focus on Latin and South America, PRLAX is best suited as a satellite position or core position only when paired with an emerging Asia fund. The fund is managed by T. Rowe Price.

PRLAX - Performance

Return Ranking - Trailing

Period PRLAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 27.5% -5.0% 41.4% 18.75% 2
1 Yr 22.1% -29.5% 28.2% 20.69% 2
3 Yr -7.0% * -16.9% -5.9% 28.00% 2
5 Yr -5.9% * -14.8% -5.9% 5.88% 1
10 Yr 0.2% * -11.1% 0.6% 21.43% 1

* Annualized


Return Ranking - Calendar

Period PRLAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -31.5% -32.7% 0.0% 65.63% 4
2014 -26.9% -26.9% 0.0% 86.21% 5
2013 -21.1% -32.5% 0.0% 68.18% 4
2012 -2.0% -12.9% 14.1% 47.37% 3
2011 -31.5% -31.5% 0.0% 94.44% 5

Total Return Ranking - Trailing

Period PRLAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 27.5% -5.0% 42.7% 21.88% 2
1 Yr 22.1% -32.3% 25.2% 17.24% 1
3 Yr -7.0% * -17.5% -4.7% 28.00% 2
5 Yr -5.9% * -15.1% -4.7% 23.53% 1
10 Yr 0.2% * -3.3% 2.1% 28.57% 2

* Annualized


Total Return Ranking - Calendar

Period PRLAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -28.2% -32.7% 0.0% 28.13% 2
2014 -16.9% -18.1% 0.0% 75.86% 4
2013 -19.5% -22.5% 0.0% 68.18% 4
2012 14.3% 0.0% 20.9% 31.58% 2
2011 -34.3% -34.3% 0.0% 94.44% 5

NAV & Total Return History

PRLAX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

PRLAX Category Low Category High PRLAX % Rank Quintile
Net Assets 676 M 3.73 M 676 M 3.13% 1
Number of Holdings 52 1 65 21.88% 3
Net Assets in Top 10 338 M 0 338 M 3.13% 1
Weighting of Top 10 53.7% 0.0% 58.3% 6.25% 1

Top 10 Holdings

  1. Itau Unibanco Holding SA 12.78%
  2. Ambev SA ADR 6.37%
  3. Fomento Economico Mexicano SAB de CV ADR 4.07%
  4. Lojas Renner SA 6.91%
  5. BRF SA 3.93%
  6. Grupo Financiero Santander Mexico SAB de CV ADR 3.28%
  7. Bank Bradesco SA Pref Shs 7.02%
  8. SACI Falabella 2.80%
  9. Credicorp Ltd 3.13%
  10. Raia Drogasil SA 3.43%

Asset Allocation

Weighting Category Low Category High PRLAX % Rank Quintile
Stocks
96.39% 0.00% 100.00% 28.13% 4
Cash
2.69% 0.00% 100.00% 18.75% 2
Other
0.92% -0.39% 4.63% 15.63% 1
Convertible Bonds
0.00% 0.00% 0.02% 6.25% 2
Preferred Stocks
0.00% 0.00% 13.22% 15.63% 3
Bonds
0.00% 0.00% 23.03% 9.38% 2

Stock Sector Breakdown

Weighting Category Low Category High PRLAX % Rank Quintile
Financial Services
33.96% 11.07% 38.73% 9.38% 1
Consumer Defense
22.95% 1.44% 31.21% 15.63% 2
Consumer Cyclical
15.03% 2.33% 21.33% 9.38% 1
Real Estate
9.12% 0.00% 9.12% 3.13% 1
Basic Materials
5.68% 0.00% 19.86% 28.13% 3
Industrials
3.21% 2.24% 16.77% 40.63% 5
Utilities
2.51% 0.00% 14.73% 34.38% 3
Technology
1.45% 0.00% 5.14% 28.13% 4
Communication Services
1.26% 0.00% 5.32% 25.00% 2
Energy
1.22% 0.00% 12.84% 34.38% 4
Healthcare
0.00% 0.00% 8.15% 28.13% 4

Stock Geographic Breakdown

Weighting Category Low Category High PRLAX % Rank Quintile
Non US
94.23% 0.00% 96.44% 15.63% 2
US
2.16% 0.00% 20.40% 34.38% 4

PRLAX - Expenses

Operational Fees

PRLAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.37% 1.06% 5.94% 81.25% 1
Management Fee 1.04% 0.70% 1.25% 15.63% 3
12b-1 Fee 0.00% 0.00% 1.00% 31.82% 1
Administrative Fee 0.15% 0.08% 0.25% 10.53% 3

Sales Fees

PRLAX Fees (% of AUM) Category Low Category High PRLAX 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

PRLAX Fees (% of AUM) Category Low Category High PRLAX Rank Quintile
Max Redemption Fee 2.00% 1.50% 2.00% 4.00% 3

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.

PRLAX Fees (% of AUM) Category Low Category High PRLAX Rank Quintile
Turnover 23.20% 11.97% 437.65% 31.25% 2

PRLAX - Distributions

Dividend Yield Analysis

PRLAX Category Low Category High PRLAX % Rank Quintile
Dividend Yield 0.6% 0.01% 0.58% 6.25% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PRLAX Category Low Category High PRLAX % Rank Quintile
Net Income Ratio 1.22% -0.27% 1.76% 21.88% 2

Capital Gain Distribution Analysis

PRLAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

PRLAX - Managers

Verena E. Wachnitz

Manager

Start Date

Mar 31, 2014

Tenure

2.59

Tenure Rank

17.8%

Verena Wachnitz is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd and the portfolio manager for the Latin America Fund. Prior to this, she was an analyst in the equity research team, covering Latin America. Prior to joining T. Rowe Price in 2003, she was an investment analyst with Centro de Estudios de Transporte e Infraestructura. Verena earned a B.A. in economics and a master's degree in finance from Universidad de San Andres. She is fluent in Spanish, German, Portuguese and English. She also has earned the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.3

Category High

14.1

Category Average

3.96

Category Mode

1.9