T. Rowe Price International Discovery Fund (PRIDX)

T. Rowe Price International Discovery Fund (PRIDX) is a popular stock mutual fund. This investment fund invests in international small and mid companies. This PRIDX fund invests in equities of small- and mid-cap international companies with growth potential.

T. Rowe Price Fund

This T. Rowe Price International Discovery Fund is open to new retail investors and subsequent retail investments. It is categorized as US OE Foreign Small/ Mid Growth fund.

This equity mutual fund's objective is looking for long-term growth of capital. The primary investments are invested in the common stocks of rapidly growing, small to medium-sized companies outside the U.S. It presumes to invest mostly outside the U.S. with broad diversified among developed and emerging countries in the world. Typically, at least 80% of the assets are invested in stocks.

T. Rowe Price International Discovery Fund Profile

• Fund Inception Date: 12/29/1988
• Ticker Symbol: PRIDX
• CUSIP: 77956H302
• Beta (3yr): 0.88
• Rank in category (YTD): 75%
• Category: Foreign Small/ Mid Cap Growth
• Distribution / Yield: 0.50%
• Capital Gains: 0%
• Expense Ratio: 1.20%
• Net Assets: $ 5.5 billion
• Number of Years Up: 14 years
• Number of Years Down: 10 years
• Annual Turnover Rate: 28%

Updated on May 2017

This PRIDX fund has total net assets of $3.3 billion. It was first introduced to public in December 1988. Justin Thomson has managed it since 1998. Its dividend yield is 1.01%. In 2012, the distribution amount was $0.51. It also has annual expense ratio of 1.23%. The average expense ratio in the category is 1.60%.

Foreign Small/ Mid Cap Growth Fund

Morningstar analysts rank this international stock fund with 4-stars and Bronze rating. This T. Rowe Price International Discovery fund has managed to return 14 years of positive return and 10 years of negative return. The best 1 year total return was achieved in 1999 with 155.03%. As of May 22, 2013, the fund has YTD return of 11.65%. The performance of the fund based on the load adjusted returns is as below:

• Year 2017: 14.70% (YTD)
• Year 2016: 0.95%
• Year 2015: 9.88%
• Year 2014: -0.43%
• Year 2013: 24.37%

This no load mutual fund is currently open to new investors with a minimum initial investment of $2,500. A minimum of $100 is required for the subsequent investments. You can buy this equity fund for your retirement account, investment account, and 401(k) account. You can purchase it from these brokerages such as Trade Station Securities, UBS Financial Services Inc, JP Morgan, Protected Investors of America, Scottrade Lad, Thrivent Advisory Eligible, etc.

This international stock fund has a total of 219 holdings as of March 2013. The quarter-end top 10 holdings are Aberdeen Asset Management, Aveva Group, Grenkeleasing, Jupiter Fund Management, Norma, Pacific Textiles, Paddy Power, Paypoint, Software and Wirecard. The top regional exposures are Europe (46.8%), Pacific ex Japan (24.0%) and Japan (17.7%).

According to the fund’s website, the principal risks investing in this fund include active management risk, risks of stock investing, foreign investing risk, small- and mid-cap stock risk and investment style risk.

Disclosure: No Position

Note: This T. Rowe Price International Discovery Fund (PRIDX) is part of Kiplinger's 25 best mutual funds.