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Trending ETFs

Name

As of 06/18/2024

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

$15.44

$88.6 M

1.40%

$0.21

16.32%

Vitals

YTD Return

11.8%

1 yr return

7.8%

3 Yr Avg Return

-7.0%

5 Yr Avg Return

3.6%

Net Assets

$88.6 M

Holdings in Top 10

49.6%

52 WEEK LOW AND HIGH

$15.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 16.32%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 31.50%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/18/2024

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

$15.44

$88.6 M

1.40%

$0.21

16.32%

PAAOX - Profile

Distributions

  • YTD Total Return 11.8%
  • 3 Yr Annualized Total Return -7.0%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.27%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    T. Rowe Price Asia Opportunities Fund
  • Fund Family Name
    TROWEPRICE
  • Inception Date
    May 21, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jihong Min

Fund Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in stocks issued by companies that are located in, or that have economic ties to, Asia (excluding Japan). For purposes of determining whether the fund invests at least 80% of its net assets in Asian companies, 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 Asian countries in which the fund normally invests include, but are not limited to, the following:

·Primary Emphasis: China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand.

·Others: Pakistan, Sri Lanka, and Vietnam.

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 stocks issued by companies of any size, but typically focuses its investments on large- and mid-cap stocks.

At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the financial and information technology sectors.

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. 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 fund does not normally emphasize either a growth or value bias in selecting investments. The fund relies on a global team of investment analysts dedicated to in-depth fundamental research in an effort to identify high-quality companies with the potential to reliably compound earnings and sustain strong cash flows over time. The adviser seeks stocks of companies at reasonable prices in relation to present or anticipated earnings, cash flow, or book value, and selects those 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:

·well-established and with leading market positions;

·attractive business niche with the potential to sustain earnings even during times of slow economic growth;

·competitive advantages in an attractive industry;

·proven management with high governance standards;

·demonstrated ability to consistently increase revenues, earnings, and/or cash flows; and

·prudent capital allocation and balance sheet management.

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PAAOX - Performance

Return Ranking - Trailing

Period PAAOX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.8% -3.5% 18.0% 23.73%
1 Yr 7.8% -2.1% 17.1% 41.38%
3 Yr -7.0%* -15.4% 3.1% 42.59%
5 Yr 3.6%* -3.1% 13.8% 35.85%
10 Yr 6.0%* 0.6% 7.7% 30.77%

* Annualized

Return Ranking - Calendar

Period PAAOX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.5% -7.8% 14.0% 84.21%
2022 -20.5% -40.0% 2.8% 21.05%
2021 -12.0% -44.2% 15.5% 32.08%
2020 24.9% -13.5% 83.8% 58.49%
2019 24.1% -3.3% 44.7% 20.75%

Total Return Ranking - Trailing

Period PAAOX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.8% -3.5% 18.0% 23.73%
1 Yr 7.8% -2.1% 17.1% 41.38%
3 Yr -7.0%* -15.4% 3.1% 42.59%
5 Yr 3.6%* -3.1% 13.8% 35.85%
10 Yr 6.0%* 0.6% 7.7% 30.77%

* Annualized

Total Return Ranking - Calendar

Period PAAOX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.0% -7.8% 20.1% 82.46%
2022 -19.3% -31.3% 5.2% 35.09%
2021 -5.5% -21.3% 22.4% 41.51%
2020 26.6% -9.6% 87.0% 60.38%
2019 24.9% 8.4% 44.8% 37.74%

NAV & Total Return History


PAAOX - Holdings

Concentration Analysis

PAAOX Category Low Category High PAAOX % Rank
Net Assets 88.6 M 1.68 M 4.44 B 59.32%
Number of Holdings 48 14 1583 57.63%
Net Assets in Top 10 42.8 M 1.63 M 1.89 B 62.71%
Weighting of Top 10 49.55% 18.1% 77.6% 20.34%

Top 10 Holdings

  1. TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 13.28%
  2. SAMSUNG ELECTRONICS CO LTD 7.85%
  3. TENCENT HOLDINGS LTD 5.82%
  4. AXIS BANK LTD 3.94%
  5. T. Rowe Price Government Reserve Fund 3.59%
  6. ICICI BANK LTD 3.54%
  7. BANK CENTRAL ASIA TBK PT 3.50%
  8. AIA GROUP LTD 3.21%
  9. T. Rowe Price Government Reserve Fund \u2013 Collateral 2.46%
  10. TENCENT MUSIC ENTERTAINMENT GROUP 2.36%

Asset Allocation

Weighting Return Low Return High PAAOX % Rank
Stocks
96.11% 0.00% 100.80% 72.88%
Cash
6.05% 0.00% 8.22% 5.08%
Preferred Stocks
0.00% 0.00% 4.44% 71.19%
Other
0.00% -0.01% 4.41% 59.32%
Convertible Bonds
0.00% 0.00% 6.14% 66.10%
Bonds
0.00% 0.00% 91.78% 54.24%

Stock Sector Breakdown

Weighting Return Low Return High PAAOX % Rank
Financial Services
22.05% 7.86% 53.75% 45.76%
Technology
20.48% 0.00% 35.18% 67.80%
Consumer Cyclical
19.24% 2.54% 30.22% 23.73%
Communication Services
13.06% 0.00% 16.87% 16.95%
Real Estate
7.53% 0.00% 16.03% 23.73%
Industrials
7.01% 0.00% 28.54% 45.76%
Consumer Defense
6.58% 0.00% 15.16% 28.81%
Healthcare
1.85% 0.00% 11.60% 86.44%
Utilities
1.56% 0.00% 7.67% 44.07%
Basic Materials
0.64% 0.00% 24.13% 83.05%
Energy
0.00% 0.00% 7.66% 71.19%

Stock Geographic Breakdown

Weighting Return Low Return High PAAOX % Rank
Non US
73.07% 0.00% 99.96% 88.14%
US
23.05% 0.00% 33.30% 25.42%

PAAOX - Expenses

Operational Fees

PAAOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 16.32% 0.19% 16.32% 1.72%
Management Fee 0.79% 0.19% 1.50% 57.63%
12b-1 Fee 0.25% 0.00% 1.00% 68.97%
Administrative Fee 0.15% 0.08% 0.25% 61.54%

Sales Fees

PAAOX 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

PAAOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 70.59%

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.

PAAOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.50% 9.00% 222.00% 23.08%

PAAOX - Distributions

Dividend Yield Analysis

PAAOX Category Low Category High PAAOX % Rank
Dividend Yield 1.40% 0.00% 8.32% 55.93%

Dividend Distribution Analysis

PAAOX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually SemiAnnual Annual

Net Income Ratio Analysis

PAAOX Category Low Category High PAAOX % Rank
Net Income Ratio 0.27% -1.41% 4.89% 54.24%

Capital Gain Distribution Analysis

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

Distributions History

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PAAOX - Fund Manager Analysis

Managers

Jihong Min


Start Date

Tenure

Tenure Rank

Jul 01, 2021

0.92

0.9%

Jihong Min is a co-portfolio manager of the Asia Opportunities Equity Strategy in the International Equity Division. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Singapore Private Limited. Jihong’s investment experience began in 2003, and he has been with T. Rowe Price since 2012, beginning in the Investment Equity department. Prior to this, Jihong was an investment analyst with Fortress Investment Group and Geosphere Capital covering Asian financials. Jihong started his career in J.P. Morgan’s Investment Banking Division in New York. Jihong earned a B.Sc. in business management from the State University of New York, Binghamton.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 22.43 4.69 0.25