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Trending ETFs

T. Rowe Price Emerging Markets Discovery Stock Fund

mutual fund
PAIJX
Payout Change
Pending
Price as of:
$14.14 +0.03 +0.21%
primary theme
Emerging Markets Equity
PAIJX (Mutual Fund)

T. Rowe Price Emerging Markets Discovery Stock Fund

Payout Change
Pending
Price as of:
$14.14 +0.03 +0.21%
primary theme
Emerging Markets Equity
PAIJX (Mutual Fund)

T. Rowe Price Emerging Markets Discovery Stock Fund

Payout Change
Pending
Price as of:
$14.14 +0.03 +0.21%
primary theme
Emerging Markets Equity

Name

As of 12/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$14.14

$4.35 B

2.52%

$0.36

2.54%

Vitals

YTD Return

7.9%

1 yr return

14.6%

3 Yr Avg Return

0.9%

5 Yr Avg Return

3.4%

Net Assets

$4.35 B

Holdings in Top 10

28.3%

52 WEEK LOW AND HIGH

$14.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.54%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 54.90%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$14.14

$4.35 B

2.52%

$0.36

2.54%

PAIJX - Profile

Distributions

  • YTD Total Return 7.9%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.60%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    T. Rowe Price Emerging Markets Discovery Stock Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Sep 14, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ernest 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.

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PAIJX - Performance

Return Ranking - Trailing

Period PAIJX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -11.8% 37.0% 58.63%
1 Yr 14.6% -8.2% 39.5% 45.36%
3 Yr 0.9%* -11.0% 11.8% 26.29%
5 Yr 3.4%* -5.1% 12.1% 48.69%
10 Yr N/A* -1.8% 6.6% N/A

* Annualized

Return Ranking - Calendar

Period PAIJX Return Category Return Low Category Return High Rank in Category (%)
2023 7.6% -6.5% 35.5% 57.95%
2022 -17.5% -50.1% -2.4% 9.82%
2021 1.7% -33.1% 22.5% 18.94%
2020 6.5% -22.1% 80.1% 87.66%
2019 13.1% -0.7% 42.0% 83.70%

Total Return Ranking - Trailing

Period PAIJX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -11.8% 37.0% 58.63%
1 Yr 14.6% -8.2% 39.5% 45.36%
3 Yr 0.9%* -11.0% 11.8% 26.29%
5 Yr 3.4%* -5.1% 12.1% 48.69%
10 Yr N/A* -1.8% 6.6% N/A

* Annualized

Total Return Ranking - Calendar

Period PAIJX Return Category Return Low Category Return High Rank in Category (%)
2023 10.7% -1.0% 42.0% 53.41%
2022 -16.0% -42.2% 1.9% 13.49%
2021 4.0% -32.5% 33.1% 25.00%
2020 6.5% -20.0% 81.6% 91.07%
2019 16.0% 2.3% 42.0% 85.38%

NAV & Total Return History


PAIJX - Holdings

Concentration Analysis

PAIJX Category Low Category High PAIJX % Rank
Net Assets 4.35 B 682 K 103 B 16.31%
Number of Holdings 71 2 7534 70.07%
Net Assets in Top 10 1.26 B 290 K 23.8 B 17.87%
Weighting of Top 10 28.25% 2.9% 101.1% 74.43%

Top 10 Holdings

  1. SAMSUNG ELECTRONICS CO LTD 6.53%
  2. ALIBABA GROUP HOLDING LTD 3.28%
  3. T. Rowe Price Government Reserve Fund 2.80%
  4. ICICI BANK LTD 2.51%
  5. RELIANCE INDUSTRIES LTD 2.45%
  6. HON HAI PRECISION INDUSTRY CO LTD 2.36%
  7. MEDIATEK INC 2.25%
  8. SK HYNIX INC 2.12%
  9. HYUNDAI MOTOR CO 1.99%
  10. BANK RAKYAT INDONESIA PERSERO TBK PT 1.96%

Asset Allocation

Weighting Return Low Return High PAIJX % Rank
Stocks
96.35% 0.00% 103.28% 65.96%
Cash
2.81% -2.03% 100.35% 29.79%
Preferred Stocks
0.90% 0.00% 13.31% 42.98%
Other
0.00% -1.11% 39.53% 51.63%
Convertible Bonds
0.00% 0.00% 7.40% 34.29%
Bonds
0.00% 0.00% 95.13% 40.28%

Stock Sector Breakdown

Weighting Return Low Return High PAIJX % Rank
Financial Services
28.58% 0.00% 48.86% 7.76%
Technology
13.52% 0.00% 47.50% 91.67%
Consumer Cyclical
12.23% 0.00% 48.94% 45.98%
Basic Materials
8.39% 0.00% 30.03% 48.56%
Industrials
7.35% 0.00% 43.53% 31.47%
Energy
6.94% 0.00% 24.80% 15.52%
Communication Services
6.62% 0.00% 39.29% 79.60%
Consumer Defense
5.25% 0.00% 25.90% 68.68%
Real Estate
4.81% 0.00% 17.15% 8.62%
Utilities
4.30% 0.00% 39.12% 8.76%
Healthcare
2.01% 0.00% 16.53% 79.45%

Stock Geographic Breakdown

Weighting Return Low Return High PAIJX % Rank
Non US
92.01% 0.00% 100.52% 25.53%
US
4.34% 0.00% 100.95% 77.59%

PAIJX - Expenses

Operational Fees

PAIJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.54% 0.03% 29.98% 10.95%
Management Fee 0.94% 0.00% 2.00% 63.21%
12b-1 Fee 0.25% 0.00% 1.00% 29.77%
Administrative Fee 0.15% 0.01% 0.85% 75.81%

Sales Fees

PAIJX 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

PAIJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 36.21%

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.

PAIJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 54.90% 0.00% 189.00% 61.36%

PAIJX - Distributions

Dividend Yield Analysis

PAIJX Category Low Category High PAIJX % Rank
Dividend Yield 2.52% 0.00% 9.74% 28.79%

Dividend Distribution Analysis

PAIJX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

PAIJX Category Low Category High PAIJX % Rank
Net Income Ratio 1.60% -1.98% 17.62% 25.92%

Capital Gain Distribution Analysis

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

Distributions History

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PAIJX - 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 6.67 13.42