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Trending ETFs

T. Rowe Price Emerging Europe Fund

mutual fund
TRZEX
Payout Change
Pending
Price as of:
$5.12 -0.07 -1.35%
primary theme
Small Regions Equity
TRZEX (Mutual Fund)

T. Rowe Price Emerging Europe Fund

Payout Change
Pending
Price as of:
$5.12 -0.07 -1.35%
primary theme
Small Regions Equity
TRZEX (Mutual Fund)

T. Rowe Price Emerging Europe Fund

Payout Change
Pending
Price as of:
$5.12 -0.07 -1.35%
primary theme
Small Regions Equity

Name

As of 06/14/2024

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

$5.12

$44.6 M

1.75%

$0.09

2.08%

Vitals

YTD Return

23.1%

1 yr return

44.9%

3 Yr Avg Return

-30.5%

5 Yr Avg Return

N/A

Net Assets

$44.6 M

Holdings in Top 10

65.6%

52 WEEK LOW AND HIGH

$5.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.08%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 46.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

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

$5.12

$44.6 M

1.75%

$0.09

2.08%

TRZEX - Profile

Distributions

  • YTD Total Return 23.1%
  • 3 Yr Annualized Total Return -30.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.42%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    T. Rowe Price Emerging Europe Fund
  • Fund Family Name
    TROWEPRICE
  • Inception Date
    Feb 22, 2021
  • Shares Outstanding
    N/A
  • Share Class
    Z
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ulle Adamson

Fund Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in the emerging markets of Europe, including Eastern Europe and the former Soviet Union. For purposes of determining whether the fund invests at least 80% of its net assets in emerging European countries, 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 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 expects to primarily invest in common stocks of companies located (or with primary operations) in emerging markets of Europe. Historically, the fund has typically invested significantly in Russia; however, the fund is no longer making new investments in Russia although it continues to hold certain Russian securities that have been valued effectively at zero. Going forward, the countries in which the fund expects to normally invest include, but are not limited to, the following:

·Primary Emphasis: Czech Republic, Greece, Hungary, Poland, Romania, and Turkey.

·Others: Bulgaria, Croatia, Estonia, Georgia, Kazakhstan, Latvia, Lithuania, Slovakia, Slovenia, and Ukraine.

The emerging European investable universe, due to its limited geographic scope and less developed markets, tends to rely heavily on the success of certain industries and sectors. As a result, the fund may invest up to 35% of its net assets in any industry that accounts for more than 20% of the emerging European market as a whole, as measured by an index determined by T. Rowe Price to be an appropriate measure of the emerging European market (currently the MSCI Emerging Markets Europe Index).

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 the stocks of companies of any size.

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. The fund may invest significantly in banks and other financial services companies. 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 adviser does not emphasize either a growth or value bias in selecting investments for the fund, and generally seeks 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:

·leading or improving market position;

·attractive business niche;

·attractive or improving franchise or industry position;

·seasoned management;

·stable or improving earnings and/or cash flow; and

·sound or improving balance sheet.

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TRZEX - Performance

Return Ranking - Trailing

Period TRZEX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.1% -17.4% 29.0% 2.44%
1 Yr 44.9% -18.0% 91.7% 2.44%
3 Yr -30.5%* -31.5% 27.3% 96.34%
5 Yr N/A* -18.9% 16.7% 94.44%
10 Yr N/A* -10.1% 10.6% 93.59%

* Annualized

Return Ranking - Calendar

Period TRZEX Return Category Return Low Category Return High Rank in Category (%)
2023 61.2% -15.1% 61.2% 1.22%
2022 -84.3% -84.3% 99.1% 100.00%
2021 N/A -29.9% 283.0% N/A
2020 N/A -50.2% 41.8% N/A
2019 N/A -19.5% 46.8% N/A

Total Return Ranking - Trailing

Period TRZEX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.1% -17.4% 29.0% 2.44%
1 Yr 44.9% -18.0% 91.7% 2.44%
3 Yr -30.5%* -31.5% 27.3% 96.34%
5 Yr N/A* -18.9% 16.7% 94.44%
10 Yr N/A* -10.1% 10.6% 93.59%

* Annualized

Total Return Ranking - Calendar

Period TRZEX Return Category Return Low Category Return High Rank in Category (%)
2023 64.7% -12.6% 64.7% 1.22%
2022 -83.4% -83.7% 105.8% 97.56%
2021 N/A -27.5% 283.0% N/A
2020 N/A -50.2% 43.0% N/A
2019 N/A -17.8% 50.2% N/A

NAV & Total Return History


TRZEX - Holdings

Concentration Analysis

TRZEX Category Low Category High TRZEX % Rank
Net Assets 44.6 M 2.92 M 7.08 B 80.49%
Number of Holdings 45 6 873 59.76%
Net Assets in Top 10 30.8 M 1.34 M 2.87 B 75.61%
Weighting of Top 10 65.60% 10.1% 124.7% 26.83%

Top 10 Holdings

  1. NATIONAL BANK OF GREECE SA 15.09%
  2. OTP BANK NYRT 9.16%
  3. D-MARKET ELEKTRONIK HIZMETLER VE TICARET AS 7.54%
  4. BIM BIRLESIK MAGAZALAR AS 7.17%
  5. KOC HOLDING AS 6.10%
  6. POWSZECHNY ZAKLAD UBEZPIECZEN SA 4.33%
  7. T. Rowe Price Government Reserve Fund 4.15%
  8. EUROBANK ERGASIAS SERVICES AND HOLDINGS SA 4.10%
  9. HALYK SAVINGS BANK OF KAZAKHSTAN JSC 4.00%
  10. INPOST SA 3.97%

Asset Allocation

Weighting Return Low Return High TRZEX % Rank
Stocks
95.78% 49.47% 100.11% 81.71%
Cash
4.22% 0.00% 24.69% 20.73%
Preferred Stocks
0.00% 0.00% 29.20% 25.61%
Other
0.00% -7.90% 31.19% 48.78%
Convertible Bonds
0.00% 0.00% 0.30% 9.76%
Bonds
0.00% 0.00% 14.24% 13.41%

Stock Sector Breakdown

Weighting Return Low Return High TRZEX % Rank
Financial Services
57.59% 0.00% 64.45% 2.47%
Industrials
10.72% 0.00% 39.81% 53.09%
Technology
7.86% 0.00% 39.90% 22.22%
Consumer Cyclical
5.46% 0.00% 24.14% 62.96%
Communication Services
4.68% 0.00% 23.24% 51.85%
Real Estate
4.32% 0.00% 30.80% 33.33%
Basic Materials
3.22% 0.00% 50.50% 85.19%
Energy
2.43% 0.00% 40.11% 55.56%
Utilities
2.31% 0.00% 29.58% 48.15%
Consumer Defense
1.41% 0.00% 28.14% 90.12%
Healthcare
0.00% 0.00% 37.68% 83.95%

Stock Geographic Breakdown

Weighting Return Low Return High TRZEX % Rank
Non US
82.18% 0.00% 100.06% 82.93%
US
13.60% 0.00% 99.38% 13.41%

TRZEX - Expenses

Operational Fees

TRZEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.08% 0.01% 4.41% 8.64%
Management Fee 1.04% 0.00% 1.10% 92.68%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.08% 0.15% 57.14%

Sales Fees

TRZEX 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

TRZEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

TRZEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 4.00% 217.50% 86.30%

TRZEX - Distributions

Dividend Yield Analysis

TRZEX Category Low Category High TRZEX % Rank
Dividend Yield 1.75% 0.00% 6.29% 79.27%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

TRZEX Category Low Category High TRZEX % Rank
Net Income Ratio 4.42% -4.11% 4.93% 2.44%

Capital Gain Distribution Analysis

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

Distributions History

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TRZEX - Fund Manager Analysis

Managers

Ulle Adamson


Start Date

Tenure

Tenure Rank

Apr 01, 2015

7.17

7.2%

Ulle Adamson has been chairman of the committee at T. Rowe Price since 2015. She joined the Firm in 2002 as a research analyst for emerging market portfolios and her investment experience dates from that time.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 31.8 8.72 10.64