T. Rowe Price Japan Fund (PRJPX)

T. Rowe Price Japan Fund (PRJPX) invests mainly in stocks of Japanese companies. This equity fund is part of international stock mutual fund.

T. Rowe Price Fund

This T Rowe Price Japan Fund investment objective is to achieve long-term growth of capital through investment in the common stocks of companies located, or with primary operations, in Japan. This equity fund utilizes its assets to purchase a wide range of Japanese companies and industries. It seeks to identify company that can achieve as well as sustain above-average and long-term earnings growth.

T. Rowe Price Japan Fund Profile

PRJPX fund

• Fund Inception Date: 12/30/1991
• Ticker Symbol: PRJPX
• CUSIP: 77956H708
• Beta (3yr): 0.57
• Rank in category (YTD): 32%
• Category: Japan Stock
• Distribution: 0.71%
• Capital Gains: 0%
• Expense Ratio: 1.14%
• Net Assets: $ 259.3 million
• Number of Years Up: 10 years
• Number of Years Down: 11 years
• Annual Turnover Rate: 55.10%

Updated on July 5, 2013

M. Campbell Gunn has been managing this equity fund since 2003. As one of the best performing fund in Japan Stock category, it has $259.3 million of total net assets. The yield is 0.71%. It also has 1.14% of annual expense ratio. This ratio is a bit lower compared to the average ratio in the Japan Stock category (1.67%).

Japan Stock Fund

Since its inception in 1991, this Japan stock mutual fund has 10 years of positive return. The best 1-year total return was achieved in 1999 with 112.71%. The worst 1 year performance was occurred in 2000 with -37.22%. The fund uses Lipper Japanese Funds Average as the benchmark. It has 3-stars rating from Morningstar. Based on the load adjusted returns, the fund has returned 6.06% over the past 3-year and 6.51% over the past decade.

Besides opening an account in T. Rowe Price, the fund can also be purchased from other brokerages, such as E Trade Financial, Vanguard, Ameriprise Brokerage, Federated Trust Connect, E Trade No Load Fee, Raymond James, etc. The fund charges no management fee and no front-end sales load fee. The minimum first investment for brokerage account is $2,500.

As of April 2013, the top holdings are Hitachi, Honda Motor Co, Japan Tobacco, Mitsubishi Estate Co, Mitsubishi UFJ Financial, Mitsui Fudosan Co, Nippon Telegraph & Telephone, Softbank, Tokio Marine Holdings and Toyota Motor. The top sector diversifications are Automobiles and Transportation Equipment (14.9%), Electric Appliances and Precision Instruments (13.1%) and IT & Services & Others (10.8%).

As with any mutual fund, there are principal risks in investing in the fund. The risks are active management risk, risks of stock investing, foreign investing risk, geographic concentration risk and investment style risk.

Disclosure: No Position