PRLAX: T. Rowe Price Latin America

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PRLAX T. Rowe Price Latin America

  • Fund
  • PRLAX
  • Price as of: Dec 10, 2019
  • $25.14
    - $0.09 - 0.36%

Profile

PRLAX - Profile

Vitals

  • YTD Return 14.3%
  • 3 Yr Annualized Return 9.0%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $558 M
  • Holdings in Top 10 56.7%

52 WEEK LOW AND HIGH

$25.14
$21.25
$26.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.32%

SALES FEES

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

BROKERAGE FEES

  • Turnover 25.70%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 14.3%
  • 3 Yr Annualized Total Return 9.0%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.55%
DIVIDENDS
  • Dividend Yield 1.3%
  • 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.


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Categories

Fund Company Quick Screens

PRLAX - Fund Company Quick Screens


Performance

PRLAX - Performance

Return Ranking - Trailing

Period PRLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.3% 9.8% 26.7% 75.00%
1 Yr 13.9% 11.8% 29.9% 68.75%
3 Yr 9.0%* 9.0% 15.9% 100.00%
5 Yr -0.3%* -0.3% 5.0% 100.00%
10 Yr -6.4%* -6.4% 1.4% 100.00%

* Annualized

Return Ranking - Calendar

Period PRLAX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.5% -12.5% -2.6% 57.14%
2017 26.9% 26.6% 28.6% 46.15%
2016 28.8% 16.7% 29.9% 38.46%
2015 -31.5% -32.7% -30.9% 75.00%
2014 -26.9% -26.9% -11.4% 100.00%

Total Return Ranking - Trailing

Period PRLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.3% 9.8% 26.7% 75.00%
1 Yr 13.9% 11.8% 30.1% 68.75%
3 Yr 9.0%* 9.0% 15.9% 100.00%
5 Yr -0.3%* -0.3% 5.0% 100.00%
10 Yr -6.4%* -6.4% 1.4% 100.00%

* Annualized

Total Return Ranking - Calendar

Period PRLAX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.5% -11.4% -2.6% 71.43%
2017 26.9% 26.6% 30.6% 61.54%
2016 28.8% 18.4% 29.9% 38.46%
2015 -31.5% -32.7% -29.8% 75.00%
2014 -26.9% -26.9% -9.2% 100.00%

NAV & Total Return History


Holdings

PRLAX - Holdings

Concentration Analysis

PRLAX Category Low Category High PRLAX % Rank
Net Assets 558 M 10.9 M 558 M 5.88%
Number of Holdings 50 29 66 52.94%
Net Assets in Top 10 316 M 3.21 M 325 M 41.18%
Weighting of Top 10 56.71% 29.6% 56.7% 5.88%

Top 10 Holdings

  1. Itau Unibanco Holding SA Participating Preferred 12.50%
  2. Bank Bradesco SA Participating Preferred 10.17%
  3. B3 SA - Brasil Bolsa Balcao 5.77%
  4. Lojas Renner SA 5.13%
  5. Wal - Mart de Mexico SAB de CV Class V 5.02%
  6. Raia Drogasil SA 4.35%
  7. Ambev SA ADR 4.28%
  8. Credicorp Ltd 3.82%
  9. Suzano SA 2.88%
  10. Banco Santander Chile ADR 2.79%

Asset Allocation

Weighting Return Low Return High PRLAX % Rank
Stocks
95.14% 68.01% 98.61% 88.24%
Cash
4.86% 1.40% 19.14% 11.76%
Preferred Stocks
0.00% 0.00% 0.00% 11.76%
Other
0.00% 0.00% 0.00% 11.76%
Convertible Bonds
0.00% 0.00% 0.00% 11.76%
Bonds
0.00% 0.00% 12.86% 35.29%

Stock Sector Breakdown

Weighting Return Low Return High PRLAX % Rank
Financial Services
39.12% 22.01% 39.38% 41.18%
Consumer Defense
16.22% 6.72% 16.22% 5.88%
Consumer Cyclical
14.20% 4.72% 20.70% 29.41%
Basic Materials
6.84% 3.07% 18.72% 35.29%
Industrials
6.42% 4.87% 15.74% 70.59%
Real Estate
6.24% 0.00% 6.24% 5.88%
Utilities
1.87% 0.00% 6.21% 58.82%
Energy
1.31% 1.31% 11.88% 94.12%
Healthcare
1.18% 0.03% 10.63% 88.24%
Technology
1.04% 0.04% 7.35% 64.71%
Communication Services
0.70% 0.00% 4.74% 52.94%

Stock Geographic Breakdown

Weighting Return Low Return High PRLAX % Rank
Non US
92.43% 65.72% 95.90% 88.24%
US
2.71% 1.92% 3.95% 64.71%

Expenses

PRLAX - Expenses

Operational Fees

PRLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.32% 0.95% 2.65% 75.00%
Management Fee 1.04% 0.69% 1.17% 64.71%
12b-1 Fee 0.00% 0.00% 1.00% 12.50%
Administrative Fee 0.15% 0.10% 0.25% 55.56%

Sales Fees

PRLAX 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% 1.00% N/A

Trading Fees

PRLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.50% 2.00% 16.67%

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 Return Low Category Return High Rank in Category (%)
Turnover 25.70% 25.70% 203.00% 6.25%

Distributions

PRLAX - Distributions

Dividend Yield Analysis

PRLAX Category Low Category High PRLAX % Rank
Dividend Yield 1.27% 0.00% 1.47% 11.76%

Dividend Distribution Analysis

PRLAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

PRLAX Category Low Category High PRLAX % Rank
Net Income Ratio 1.55% -0.87% 2.45% 37.50%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PRLAX - Fund Manager Analysis

Managers

Verena E. Wachnitz


Start Date

Tenure

Tenure Rank

Mar 31, 2014

5.67

5.7%

Verena Wachnitz is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd and the portfolio manager. Ms. Wachnitz has been chairman of the committee since 2014. During the past five years, she has served as an equity research analyst covering Latin America and a portfolio manager (beginning in 2014). 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 Category High Category Average Category Mode
0.76 6.91 4.69 6.91