T. Rowe Price Asia Opportunities Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.2%
1 yr return
3.9%
3 Yr Avg Return
-8.5%
5 Yr Avg Return
2.1%
Net Assets
$88.6 M
Holdings in Top 10
49.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 31.50%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TRAOX - Profile
Distributions
- YTD Total Return 7.2%
- 3 Yr Annualized Total Return -8.5%
- 5 Yr Annualized Total Return 2.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.42%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameT. Rowe Price Asia Opportunities Fund
-
Fund Family NameTROWEPRICE
-
Inception DateMay 21, 2014
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJihong Min
Fund Description
The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in stocks issued by companies that are located in, or that have economic ties to, Asia (excluding Japan). For purposes of determining whether the fund invests at least 80% of its net assets in Asian companies, the fund relies on the country assigned to a security by MSCI Inc., a third-party provider of benchmark indexes and data services, or another unaffiliated data provider.
The Asian countries in which the fund normally invests include, but are not limited to, the following:
·Primary Emphasis: China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand.
·Others: Pakistan, Sri Lanka, and Vietnam.
The fund is “nondiversified,” meaning it may invest a greater portion of its assets in a single issuer and own more of the issuer’s voting securities than is permissible for a “diversified” fund. The fund may purchase stocks issued by companies of any size, but typically focuses its investments on large- and mid-cap stocks.
At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the financial and information technology sectors.
While the adviser invests with an awareness of the adviser’s outlook for certain industries, sectors, and individual countries within the region, the adviser’s decision-making process focuses on bottom-up stock selection. Country allocation is driven largely by stock selection, though the adviser may limit investments in markets or industries that appear to have poor overall prospects.
The fund does not normally emphasize either a growth or value bias in selecting investments. The fund relies on a global team of investment analysts dedicated to in-depth fundamental research in an effort to identify high-quality companies with the potential to reliably compound earnings and sustain strong cash flows over time. The adviser seeks stocks of companies at reasonable prices in relation to present or anticipated earnings, cash flow, or book value, and selects those stocks that the adviser believes have the most favorable combination of company fundamentals, earnings potential, and relative valuation.
In selecting investments, the adviser generally favors companies with one or more of the following characteristics:
·well-established and with leading market positions;
·attractive business niche with the potential to sustain earnings even during times of slow economic growth;
·competitive advantages in an attractive industry;
·proven management with high governance standards;
·demonstrated ability to consistently increase revenues, earnings, and/or cash flows; and
·prudent capital allocation and balance sheet management.
TRAOX - Performance
Return Ranking - Trailing
Period | TRAOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.2% | -1.4% | 11.8% | 38.98% |
1 Yr | 3.9% | -2.0% | 21.4% | 74.14% |
3 Yr | -8.5%* | -15.7% | 5.5% | 40.74% |
5 Yr | 2.1%* | -4.4% | 13.3% | 50.94% |
10 Yr | N/A* | 1.2% | 8.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | TRAOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -2.5% | -7.8% | 14.0% | 82.46% |
2022 | -20.8% | -40.0% | 2.8% | 22.81% |
2021 | -12.0% | -44.2% | 15.5% | 30.19% |
2020 | 24.9% | -13.5% | 83.8% | 56.60% |
2019 | 24.3% | -3.3% | 44.7% | 18.87% |
Total Return Ranking - Trailing
Period | TRAOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.2% | -1.4% | 11.8% | 38.98% |
1 Yr | 3.9% | -2.0% | 21.4% | 74.14% |
3 Yr | -8.5%* | -15.7% | 5.5% | 40.74% |
5 Yr | 2.1%* | -4.4% | 13.3% | 50.94% |
10 Yr | N/A* | 1.2% | 8.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | TRAOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.9% | -7.8% | 20.1% | 80.70% |
2022 | -19.2% | -31.3% | 5.2% | 33.33% |
2021 | -5.4% | -21.3% | 22.4% | 39.62% |
2020 | 26.7% | -9.6% | 87.0% | 58.49% |
2019 | 25.1% | 8.4% | 44.8% | 35.85% |
NAV & Total Return History
TRAOX - Holdings
Concentration Analysis
TRAOX | Category Low | Category High | TRAOX % Rank | |
---|---|---|---|---|
Net Assets | 88.6 M | 1.68 M | 4.44 B | 67.80% |
Number of Holdings | 48 | 14 | 1595 | 62.71% |
Net Assets in Top 10 | 42.8 M | 1.63 M | 1.89 B | 71.19% |
Weighting of Top 10 | 49.55% | 20.1% | 77.6% | 20.34% |
Top 10 Holdings
- TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 13.28%
- SAMSUNG ELECTRONICS CO LTD 7.85%
- TENCENT HOLDINGS LTD 5.82%
- AXIS BANK LTD 3.94%
- T. Rowe Price Government Reserve Fund 3.59%
- ICICI BANK LTD 3.54%
- BANK CENTRAL ASIA TBK PT 3.50%
- AIA GROUP LTD 3.21%
- T. Rowe Price Government Reserve Fund \u2013 Collateral 2.46%
- TENCENT MUSIC ENTERTAINMENT GROUP 2.36%
Asset Allocation
Weighting | Return Low | Return High | TRAOX % Rank | |
---|---|---|---|---|
Stocks | 96.11% | 0.00% | 101.15% | 66.10% |
Cash | 6.05% | 0.00% | 8.24% | 13.56% |
Preferred Stocks | 0.00% | 0.00% | 3.99% | 74.58% |
Other | 0.00% | -0.01% | 6.25% | 79.66% |
Convertible Bonds | 0.00% | 0.00% | 6.14% | 81.36% |
Bonds | 0.00% | 0.00% | 91.78% | 71.19% |
Stock Sector Breakdown
Weighting | Return Low | Return High | TRAOX % Rank | |
---|---|---|---|---|
Financial Services | 22.05% | 7.86% | 53.75% | 47.46% |
Technology | 20.48% | 0.00% | 35.18% | 69.49% |
Consumer Cyclical | 19.24% | 2.54% | 30.22% | 25.42% |
Communication Services | 13.06% | 0.00% | 16.87% | 18.64% |
Real Estate | 7.53% | 0.00% | 16.03% | 25.42% |
Industrials | 7.01% | 0.00% | 28.54% | 47.46% |
Consumer Defense | 6.58% | 0.00% | 15.16% | 30.51% |
Healthcare | 1.85% | 0.00% | 11.60% | 88.14% |
Utilities | 1.56% | 0.00% | 7.67% | 45.76% |
Basic Materials | 0.64% | 0.00% | 24.13% | 84.75% |
Energy | 0.00% | 0.00% | 7.66% | 81.36% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | TRAOX % Rank | |
---|---|---|---|---|
Non US | 73.07% | 0.00% | 99.96% | 86.44% |
US | 23.05% | 0.00% | 27.70% | 30.51% |
TRAOX - Expenses
Operational Fees
TRAOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.50% | 0.19% | 16.32% | 31.03% |
Management Fee | 0.79% | 0.19% | 1.50% | 61.02% |
12b-1 Fee | N/A | 0.00% | 1.00% | 26.23% |
Administrative Fee | 0.15% | 0.08% | 0.25% | 84.62% |
Sales Fees
TRAOX 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
TRAOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 70.97% |
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.
TRAOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 31.50% | 9.00% | 222.00% | 25.00% |
TRAOX - Distributions
Dividend Yield Analysis
TRAOX | Category Low | Category High | TRAOX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.60% | 0.00% | 8.38% | 54.24% |
Dividend Distribution Analysis
TRAOX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
TRAOX | Category Low | Category High | TRAOX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.42% | -1.41% | 4.89% | 44.07% |
Capital Gain Distribution Analysis
TRAOX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 19, 2023 | $0.229 | OrdinaryDividend |
Dec 19, 2022 | $0.282 | OrdinaryDividend |
Dec 18, 2019 | $0.100 | OrdinaryDividend |
Dec 18, 2018 | $0.090 | OrdinaryDividend |
Dec 19, 2017 | $0.020 | OrdinaryDividend |
Dec 19, 2016 | $0.140 | OrdinaryDividend |
Dec 17, 2015 | $0.090 | OrdinaryDividend |
Dec 17, 2014 | $0.050 | OrdinaryDividend |
TRAOX - Fund Manager Analysis
Managers
Jihong Min
Start Date
Tenure
Tenure Rank
Jul 01, 2021
0.92
0.9%
Jihong Min is a co-portfolio manager of the Asia Opportunities Equity Strategy in the International Equity Division. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Singapore Private Limited. Jihong’s investment experience began in 2003, and he has been with T. Rowe Price since 2012, beginning in the Investment Equity department. Prior to this, Jihong was an investment analyst with Fortress Investment Group and Geosphere Capital covering Asian financials. Jihong started his career in J.P. Morgan’s Investment Banking Division in New York. Jihong earned a B.Sc. in business management from the State University of New York, Binghamton.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 22.43 | 4.69 | 0.25 |