T. Rowe Price Emerging Markets Discovery Stock Fund
Name
As of 10/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
12.3%
1 yr return
26.0%
3 Yr Avg Return
1.6%
5 Yr Avg Return
N/A
Net Assets
$4.35 B
Holdings in Top 10
28.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.97%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 54.90%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TRFZX - Profile
Distributions
- YTD Total Return 12.3%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.57%
- Dividend Yield 3.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameT. Rowe Price Emerging Markets Discovery Stock Fund
-
Fund Family NameTROWEPRICE
-
Inception DateMar 16, 2020
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerErnest Yeung
Fund Description
The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in stocks issued by companies in emerging markets. The fund may invest in companies of any size, but generally seeks stocks of large-cap companies that are
undervalued in the view of the portfolio manager using various measures. The fund considers frontier markets to be a subset of emerging markets and any investments in frontier markets will be counted toward the fund’s 80% investment policy. 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 fund also relies on MSCI Inc. or another unaffiliated data provider to determine which countries are considered emerging markets. The fund expects to make most of its investments in stocks of companies located in, or that have economic ties to, the emerging market countries (which include frontier markets) listed below in Asia, Latin America, Europe, Africa, and the Middle East. The fund considers the following countries to be emerging markets (other countries may be added or removed):
·Asia: China, India, Indonesia, Malaysia, Pakistan, Philippines, South Korea, Sri Lanka, Taiwan, Thailand, and Vietnam.
·Latin America: Argentina, Belize, Brazil, Chile, Colombia, Mexico, Panama, Peru, and Venezuela.
·Europe: Croatia, Czech Republic, Estonia, Greece, Hungary, Kazakhstan, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia, Turkey, and Ukraine.
·Africa and the Middle East: Bahrain, Botswana, Egypt, Jordan, Kenya, Kuwait, Lebanon, Mauritius, Morocco, Nigeria, Oman, Qatar, Saudi Arabia, South Africa, Tunisia, United Arab Emirates, and Zimbabwe.
While the adviser invests with an awareness of the global economic backdrop and the adviser’s outlook for certain industries, sectors, and individual countries, 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.
At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the financial sector.
Stock selection is driven mainly by fundamental research focused on individual companies. The fund’s value approach to investing relies on a global research team that searches for companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for long-term capital appreciation or dividend growth.
In selecting investments, the adviser generally favors companies with one or more of the following characteristics:
·low valuation on various earnings, book value, sales, and cash flow metrics, in absolute terms and/or relative to the company’s peers or its own historical norm;
·low valuation relative to a company’s fundamentals;
·companies that may benefit from restructuring activity or other turnaround opportunities;
·a sound balance sheet and other positive financial characteristics;
·strong or improving position in an overlooked industry or country; and
·above-average dividend yield and/or the potential to grow dividends.
TRFZX - Performance
Return Ranking - Trailing
Period | TRFZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.3% | -12.2% | 33.6% | 31.83% |
1 Yr | 26.0% | -0.3% | 51.6% | 28.45% |
3 Yr | 1.6%* | -13.0% | 11.9% | 15.20% |
5 Yr | N/A* | -4.5% | 11.9% | 32.37% |
10 Yr | N/A* | -2.0% | 6.8% | N/A |
* Annualized
Return Ranking - Calendar
Period | TRFZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.0% | -6.5% | 35.5% | 56.24% |
2022 | -17.7% | -50.1% | -2.4% | 10.56% |
2021 | 1.7% | -33.1% | 22.5% | 19.14% |
2020 | N/A | -22.1% | 80.1% | N/A |
2019 | N/A | -0.7% | 42.0% | N/A |
Total Return Ranking - Trailing
Period | TRFZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.3% | -12.2% | 33.6% | 31.83% |
1 Yr | 26.0% | -0.3% | 51.6% | 28.45% |
3 Yr | 1.6%* | -13.0% | 11.9% | 15.20% |
5 Yr | N/A* | -4.5% | 11.9% | 31.27% |
10 Yr | N/A* | -2.0% | 6.8% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | TRFZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.4% | -2.7% | 42.0% | 36.61% |
2022 | -14.7% | -42.2% | 1.9% | 8.83% |
2021 | 5.7% | -32.5% | 33.1% | 18.68% |
2020 | N/A | -20.0% | 81.6% | N/A |
2019 | N/A | 2.3% | 42.0% | N/A |
NAV & Total Return History
TRFZX - Holdings
Concentration Analysis
TRFZX | Category Low | Category High | TRFZX % Rank | |
---|---|---|---|---|
Net Assets | 4.35 B | 682 K | 103 B | 15.97% |
Number of Holdings | 71 | 9 | 7534 | 70.31% |
Net Assets in Top 10 | 1.26 B | 290 K | 23.8 B | 17.93% |
Weighting of Top 10 | 28.25% | 2.9% | 101.1% | 75.60% |
Top 10 Holdings
- SAMSUNG ELECTRONICS CO LTD 6.53%
- ALIBABA GROUP HOLDING LTD 3.28%
- T. Rowe Price Government Reserve Fund 2.80%
- ICICI BANK LTD 2.51%
- RELIANCE INDUSTRIES LTD 2.45%
- HON HAI PRECISION INDUSTRY CO LTD 2.36%
- MEDIATEK INC 2.25%
- SK HYNIX INC 2.12%
- HYUNDAI MOTOR CO 1.99%
- BANK RAKYAT INDONESIA PERSERO TBK PT 1.96%
Asset Allocation
Weighting | Return Low | Return High | TRFZX % Rank | |
---|---|---|---|---|
Stocks | 96.35% | 0.00% | 107.82% | 61.90% |
Cash | 2.81% | -2.03% | 98.08% | 27.59% |
Preferred Stocks | 0.90% | 0.00% | 13.31% | 44.82% |
Other | 0.00% | -1.11% | 26.93% | 54.48% |
Convertible Bonds | 0.00% | 0.00% | 7.40% | 36.81% |
Bonds | 0.00% | 0.00% | 88.10% | 42.16% |
Stock Sector Breakdown
Weighting | Return Low | Return High | TRFZX % Rank | |
---|---|---|---|---|
Financial Services | 28.58% | 0.00% | 48.86% | 7.66% |
Technology | 13.52% | 0.00% | 47.50% | 91.63% |
Consumer Cyclical | 12.23% | 0.00% | 48.94% | 46.38% |
Basic Materials | 8.39% | 0.00% | 30.03% | 47.80% |
Industrials | 7.35% | 0.00% | 43.53% | 31.77% |
Energy | 6.94% | 0.00% | 24.80% | 15.46% |
Communication Services | 6.62% | 0.00% | 39.29% | 79.15% |
Consumer Defense | 5.25% | 0.00% | 25.90% | 68.65% |
Real Estate | 4.81% | 0.00% | 17.15% | 8.37% |
Utilities | 4.30% | 0.00% | 39.12% | 8.51% |
Healthcare | 2.01% | 0.00% | 16.53% | 79.57% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | TRFZX % Rank | |
---|---|---|---|---|
Non US | 92.01% | 0.00% | 100.18% | 27.31% |
US | 4.34% | 0.00% | 100.95% | 78.57% |
TRFZX - Expenses
Operational Fees
TRFZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.97% | 0.03% | 29.98% | 76.83% |
Management Fee | 0.94% | 0.00% | 2.00% | 61.43% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
TRFZX 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
TRFZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
TRFZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 54.90% | 0.00% | 189.00% | 61.27% |
TRFZX - Distributions
Dividend Yield Analysis
TRFZX | Category Low | Category High | TRFZX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.44% | 0.00% | 9.74% | 11.20% |
Dividend Distribution Analysis
TRFZX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
TRFZX | Category Low | Category High | TRFZX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.57% | -1.98% | 17.62% | 3.49% |
Capital Gain Distribution Analysis
TRFZX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.516 | OrdinaryDividend |
Dec 14, 2022 | $0.457 | OrdinaryDividend |
Dec 16, 2021 | $0.580 | OrdinaryDividend |
Dec 16, 2020 | $0.180 | OrdinaryDividend |
TRFZX - Fund Manager Analysis
Managers
Ernest Yeung
Start Date
Tenure
Tenure Rank
Sep 14, 2015
6.72
6.7%
Ernest Yeung, Vice President of T. Rowe Price Group, Inc. and T. Rowe Price Hong Kong Limited, is a portfolio manager for the Emerging Markets Discovery Equity Strategy at T. Rowe Price. He was the co-portfolio manager for the International Small-Cap Equity Strategies from 2009 to 2014. Ernest is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Hong Kong Limited. Prior to joining T. Rowe Price Group, Inc in 2003, Ernest was an analyst with HSBC Asset Management in London. His investment experience dates from 2001. Ernest earned an M.A., with honours, in economics from Cambridge University. He also has earned the Chartered Financial Analyst designation and the Investment Management Certificate.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 33.71 | 6.66 | 13.42 |