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PRESX T. Rowe Price European Stock

  • Fund
  • PRESX
  • Price as of: Sep 16, 2019
  • $20.38 - $0.23 - 1.12%

PRESX - Profile

Vitals

  • YTD Return 15.8%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $936 M
  • Holdings in Top 10 29.4%

52 WEEK LOW AND HIGH

$20.38
$17.19
$20.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

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

BROKERAGE FEES

  • Turnover 32.20%

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 Europe Stock

Distributions

  • YTD Total Return 15.8%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.09%
DIVIDENDS
  • Dividend Yield 2.3%
  • 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 (%)
YTD 15.8% 0.0% 23.9% 23.38%
1 Yr -1.5% -26.7% 1.6% 30.67%
3 Yr 4.2%* -10.0% 8.7% 40.32%
5 Yr -0.4%* -6.3% 5.4% 17.86%
10 Yr 3.3%* -1.6% 4.5% 25.71%

* Annualized


Return Ranking - Calendar

Period PRESX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.0% -39.7% 0.0% 16.22%
2017 23.1% 0.0% 36.7% 59.68%
2016 -13.1% -13.1% 6.4% 100.00%
2015 -2.5% -19.7% 9.3% 65.00%
2014 -7.5% -17.1% -4.4% 16.67%

Total Return Ranking - Trailing

Period PRESX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.8% 0.0% 23.9% 23.38%
1 Yr -1.5% -26.7% 1.6% 30.67%
3 Yr 4.2%* -10.0% 9.7% 58.06%
5 Yr -0.4%* -6.3% 6.5% 64.29%
10 Yr 3.3%* -1.6% 7.6% 51.43%

* Annualized


Total Return Ranking - Calendar

Period PRESX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.0% -39.7% 0.0% 16.22%
2017 23.1% 0.0% 38.4% 62.90%
2016 -13.1% -13.1% 8.9% 100.00%
2015 -2.5% -19.7% 11.5% 75.00%
2014 -7.5% -16.0% -4.0% 39.58%

NAV & Total Return History

PRESX - Holdings

Concentration Analysis

PRESX Category Low Category High PRESX % Rank
Net Assets 936 M 4.34 M 18.3 B 23.38%
Number of Holdings 61 28 1339 41.56%
Net Assets in Top 10 288 M 1.81 M 3.15 B 23.38%
Weighting of Top 10 29.39% 6.8% 46.7% 84.42%

Top 10 Holdings

  1. Nestle SA 4.56%

  2. Roche Holding AG Dividend Right Cert. 3.64%

  3. Novartis AG 3.05%

  4. Zurich Insurance Group AG 3.05%

  5. Cellnex Telecom SA 2.90%

  6. Prudential PLC 2.64%

  7. Total SA 2.59%

  8. Air Liquide SA 2.49%

  9. Eni SpA 2.29%

  10. Schneider Electric SE 2.17%


Asset Allocation

Weighting Return Low Return High PRESX % Rank
Stocks
95.99% 89.37% 100.79% 75.32%
Cash
4.01% -0.79% 9.83% 20.78%
Preferred Stocks
0.00% 0.00% 0.07% 40.26%
Other
0.00% -0.02% 3.43% 40.26%
Convertible Bonds
0.00% 0.00% 0.00% 27.27%
Bonds
0.00% 0.00% 1.32% 36.36%

Stock Sector Breakdown

Weighting Return Low Return High PRESX % Rank
Healthcare
17.15% 3.79% 28.29% 16.88%
Financial Services
13.85% 0.00% 23.31% 53.25%
Consumer Defense
9.97% 1.43% 24.31% 71.43%
Industrials
9.90% 2.01% 31.71% 97.40%
Basic Materials
8.65% 0.72% 21.81% 27.27%
Utilities
8.39% 0.00% 8.39% 2.60%
Consumer Cyclical
8.25% 0.00% 22.12% 97.40%
Energy
7.53% 0.00% 20.77% 25.97%
Technology
6.17% 3.30% 21.47% 88.31%
Communication Services
3.56% 0.00% 10.66% 18.18%
Real Estate
2.59% 0.00% 7.10% 18.18%

Stock Geographic Breakdown

Weighting Return Low Return High PRESX % Rank
Non US
94.31% 83.90% 98.92% 71.43%
US
1.68% 0.00% 12.71% 50.65%

PRESX - Expenses

Operational Fees

PRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.07% 2.92% 81.82%
Management Fee 0.79% 0.06% 1.16% 41.56%
12b-1 Fee 0.00% 0.00% 1.00% 6.38%
Administrative Fee 0.15% 0.01% 0.25% 90.24%

Sales Fees

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

Trading Fees

PRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 27.78%

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 Return Low Category Return High Rank in Category (%)
Turnover 32.20% 6.00% 540.00% 35.06%

PRESX - Distributions

Dividend Yield Analysis

PRESX Category Low Category High PRESX % Rank
Dividend Yield 2.31% 0.00% 7.68% 28.57%

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
Net Income Ratio 2.09% -0.21% 3.30% 15.58%

Capital Gain Distribution Analysis

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

PRESX - Managers

Dean Tenerelli

Manager

Start Date

Tenure

Tenure Rank

Oct 10, 2005

13.9

13.9%

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

0.33

Category High

21.84

Category Average

8.72

Category Mode

12.67