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PRASX T. Rowe Price New Asia

  • Fund
  • PRASX
  • Price as of: Sep 17, 2019
  • $17.67 - $0.08 - 0.45%

PRASX - Profile

Vitals

  • YTD Return 14.1%
  • 3 Yr Annualized Return 2.3%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $2.65 B
  • Holdings in Top 10 39.6%

52 WEEK LOW AND HIGH

$17.67
$14.92
$18.31

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.93%

SALES FEES

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

BROKERAGE FEES

  • Turnover 50.20%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 14.1%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.15%
DIVIDENDS
  • Dividend Yield 1.3%
  • 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 (%)
YTD 14.1% -5.5% 29.7% 22.47%
1 Yr 1.0% -24.8% 20.9% 32.95%
3 Yr 2.3%* -10.7% 21.2% 57.33%
5 Yr -0.2%* -7.9% 6.6% 46.97%
10 Yr 1.9%* -4.9% 16.9% 71.43%

* Annualized


Return Ranking - Calendar

Period PRASX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.8% -47.1% -11.8% 39.02%
2017 28.7% -0.9% 104.2% 83.33%
2016 -0.4% -18.0% 17.1% 62.67%
2015 -6.3% -31.2% 8.8% 30.88%
2014 1.7% -12.6% 271.0% 39.34%

Total Return Ranking - Trailing

Period PRASX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.1% -5.5% 29.7% 22.47%
1 Yr 1.0% -17.7% 20.9% 57.95%
3 Yr 2.3%* -5.5% 22.8% 81.33%
5 Yr -0.2%* -4.7% 7.4% 90.91%
10 Yr 1.9%* 0.2% 17.8% 92.86%

* Annualized


Total Return Ranking - Calendar

Period PRASX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.8% -47.1% -9.5% 60.98%
2017 28.7% 18.0% 104.2% 88.46%
2016 -0.4% -18.0% 19.6% 65.33%
2015 -6.3% -31.0% 15.3% 47.06%
2014 1.7% -3.4% 272.0% 59.02%

NAV & Total Return History

PRASX - Holdings

Concentration Analysis

PRASX Category Low Category High PRASX % Rank
Net Assets 2.65 B 4.28 M 8.51 B 3.30%
Number of Holdings 82 2 123 18.68%
Net Assets in Top 10 1.09 B 2.63 M 2.94 B 3.30%
Weighting of Top 10 39.60% 16.6% 99.2% 52.75%

Top 10 Holdings

  1. Tencent Holdings Ltd 7.05%

  2. Samsung Electronics Co Ltd 6.22%

  3. Alibaba Group Holding Ltd ADR 5.69%

  4. AIA Group Ltd 4.73%

  5. Taiwan Semiconductor Manufacturing Co Ltd 3.86%

  6. HDFC Bank Ltd 3.83%

  7. Kotak Mahindra Bank Ltd 2.22%

  8. HKT Trust and HKT Ltd 2.19%

  9. CP All PCL 1.94%

  10. DBS Group Holdings Ltd 1.86%


Asset Allocation

Weighting Return Low Return High PRASX % Rank
Stocks
96.50% 82.33% 100.00% 43.96%
Cash
3.51% 0.00% 10.47% 50.55%
Preferred Stocks
0.00% 0.00% 2.16% 25.27%
Other
0.00% -0.68% 13.99% 29.67%
Convertible Bonds
0.00% 0.00% 0.98% 26.37%
Bonds
0.00% 0.00% 4.78% 26.37%

Stock Sector Breakdown

Weighting Return Low Return High PRASX % Rank
Technology
29.01% 4.26% 35.89% 8.79%
Financial Services
24.80% 4.54% 33.14% 39.56%
Consumer Cyclical
12.13% 0.00% 27.22% 54.95%
Consumer Defense
10.42% 1.20% 27.93% 39.56%
Industrials
8.15% 0.00% 17.02% 40.66%
Real Estate
4.79% 0.00% 17.23% 36.26%
Healthcare
2.91% 0.00% 15.72% 60.44%
Communication Services
2.65% 0.00% 10.49% 38.46%
Energy
0.75% 0.00% 11.70% 62.64%
Basic Materials
0.66% 0.00% 11.31% 80.22%
Utilities
0.23% 0.00% 8.53% 51.65%

Stock Geographic Breakdown

Weighting Return Low Return High PRASX % Rank
Non US
94.41% 82.33% 99.41% 62.64%
US
2.09% 0.00% 7.66% 13.19%

PRASX - Expenses

Operational Fees

PRASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.93% 0.30% 13.31% 94.44%
Management Fee 0.79% 0.15% 1.09% 27.47%
12b-1 Fee 0.00% 0.00% 1.00% 7.84%
Administrative Fee 0.15% 0.01% 0.25% 78.57%

Sales Fees

PRASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.40% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PRASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.40% 2.00% 12.50%

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 Return Low Category Return High Rank in Category (%)
Turnover 50.20% 1.00% 312.00% 45.56%

PRASX - Distributions

Dividend Yield Analysis

PRASX Category Low Category High PRASX % Rank
Dividend Yield 1.30% 0.00% 3.75% 18.68%

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
Net Income Ratio 1.15% -1.07% 2.04% 15.56%

Capital Gain Distribution Analysis

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

PRASX - Managers

Anh Lu

Manager

Start Date

Tenure

Tenure Rank

Jun 02, 2014

5.25

5.3%

Anh Lu has been chairman of the committee since 2009. Ms. 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. She joined the Firm in 2001 and her investment experience dates from 1995. 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

0.0

Category High

19.68

Category Average

4.58

Category Mode

9.79