T. Rowe Price Fund
The investment aim of T. Rowe Price International Stock Fund is to provide long-term capital growth through investments primarily in the common stocks of established, non-U.S. companies. The fund expects to invest substantially all of its assets in stocks outside the U.S. and to diversify broadly among developed and emerging countries throughout the world. It may purchase the stocks of any size companies, but its focus is on large-sized companies and medium-sized companies.Fund Details
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| T Rowe Price fund |
- Fund Inception Date: May 8, 1980
- Ticker Symbol: PRITX
- CUSIP: 77956H203
- Beta (3yr): 0.99
- Rank in category (YTD): 74%
- Category: Foreign Large Growth
- Distribution: 1.26%
- Capital Gains: 0%
- Expense Ratio: 0.85%
- Net Assets: $ 11.0 billion
- Number of Years Up: 22 years
- Number of Years Down: 10 years
- Annual Turnover Rate: 33.50%
Robert W. Smith is the current fund manager. He started managing this fund in 2007. The fund has total net assets of $11.0 billion. The annual expense ratio is 0.85%. This expense fee is lower than the category average of 1.42%. The 12-month dividend yield of 1.26% is distributed annually. In 2012, it distributed a dividend in the amount of $0.19.
Foreign Large Growth
The fund’s benchmarks are Lipper International Large-Cap Growth Funds Average and MSCI All Country World Index ex USA. Ranked with 3-stars and Silver rating from Morningstar, the fund has YTD return of 6.94% (as of May 17, 2013). The fund has 5-year average return of 0.88%. Based on the load adjusted returns, the performance of this fund is as below:- 1-year: 6.30%
- 3-year: 8.29%
- 5-year: 0.88%
- 10-year: 9.43%
This no load fund has no management fee and no front-end sales load fee. The minimum initial investment for investing is $2,500. Additional investment can be done in an amount of $100 or more. The brokerages that provide the sale of this fund, besides T. Rowe Price, are JP Morgan, Vanguard, DATALynx, Schwab Retail, E Trade No Load Fee, Royal Alliance, Raymond James, H&R Block Financial Advisors Inc, etc.As of April 2013, the top 10 stocks in its holdings represent 14.06% of the total net assets. They are AIA Group, AXA, Capita, Cie Financiere Richemont, Credit Suisse Group, Experian, Nestle, Rolls-Royce Holdings, Standard Chartered and WPP. The top sector diversifications are Consumer Discretionary (21.4%), Financials (19.8%) and Industrials & Business Services (14.4%). The top regional exposure is Europe with 44.3%.
The principal risks of investing in this fund are active management risk, risks of stock investing, foreign investing risk and investment style risk.
Disclosure: No Position
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