PRASX: T. Rowe Price New Asia

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PRASX T. Rowe Price New Asia


Profile

PRASX - Profile

Vitals

  • YTD Return 1.7%
  • 3 Yr Annualized Return 7.1%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $3.15 B
  • Holdings in Top 10 42.0%

52 WEEK LOW AND HIGH

$19.81
$16.41
$20.40

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.94%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 44.90%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Pacific/Asia ex-Japan Stk

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 7.1%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    T. Rowe Price New Asia Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Sep 28, 1990
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Anh Lu

Fund Description

The T. Rowe Price New Asia Fund (PRASX) is a low-cost, actively managed fund that focuses on Asian stocks from both developed and emerging markets. These include stocks domiciled in China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan and Thailand. The fund excludes Japan from its portfolio. PRASX’s managers employ a variety of analysis metrics to find undervalued stocks that have above-average earnings growth within the emerging-market region. There are no market-cap restrictions nor any sector requirements for the fund.

Given its narrow focus on Asia’s markets, PRASX is best suited as a satellite position or core position when paired with a Latin American fund. The fund is managed by T. Rowe Price.


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Categories

Performance

PRASX - Performance

Return Ranking - Trailing

Period PRASX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% 0.0% 9.0% 43.00%
1 Yr 22.4% -2.4% 40.3% 27.55%
3 Yr 7.1%* -6.4% 28.4% 52.75%
5 Yr 3.1%* -4.9% 10.7% 50.00%
10 Yr 2.4%* -3.7% 8.1% 72.73%

* Annualized

Return Ranking - Calendar

Period PRASX Return Category Return Low Category Return High Rank in Category (%)
2019 25.8% -4.4% 44.7% 14.29%
2018 -20.8% -47.1% -11.8% 45.56%
2017 28.7% -0.9% 104.2% 81.18%
2016 -0.4% -18.0% 17.1% 58.82%
2015 -6.3% -31.2% 8.8% 26.92%

Total Return Ranking - Trailing

Period PRASX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% 0.0% 9.0% 43.00%
1 Yr 22.4% -2.4% 40.3% 25.51%
3 Yr 7.1%* -1.1% 29.1% 70.33%
5 Yr 3.1%* -1.4% 10.7% 78.57%
10 Yr 2.4%* 0.7% 9.5% 88.64%

* Annualized

Total Return Ranking - Calendar

Period PRASX Return Category Return Low Category Return High Rank in Category (%)
2019 25.8% -4.4% 44.7% 14.29%
2018 -20.8% -47.1% -9.5% 63.33%
2017 28.7% 16.8% 104.2% 85.88%
2016 -0.4% -18.0% 19.6% 63.53%
2015 -6.3% -31.0% 15.3% 43.59%

NAV & Total Return History


Holdings

PRASX - Holdings

Concentration Analysis

PRASX Category Low Category High PRASX % Rank
Net Assets 3.15 B 5.77 M 8.73 B 3.00%
Number of Holdings 78 2 208 31.00%
Net Assets in Top 10 1.14 B 2.68 M 2.92 B 3.00%
Weighting of Top 10 41.95% 15.1% 99.5% 38.00%

Top 10 Holdings

  1. Tencent Holdings Ltd 6.80%
  2. Samsung Electronics Co Ltd 6.57%
  3. Alibaba Group Holding Ltd ADR 6.09%
  4. Taiwan Semiconductor Manufacturing Co Ltd 5.82%
  5. AIA Group Ltd 4.20%
  6. HDFC Bank Ltd 3.90%
  7. HKT Trust and HKT Ltd 2.33%
  8. Kotak Mahindra Bank Ltd 2.29%
  9. NAVER Corp 2.09%
  10. CP All PCL 1.86%

Asset Allocation

Weighting Return Low Return High PRASX % Rank
Stocks
96.60% 84.76% 100.00% 70.00%
Cash
3.40% -0.07% 14.89% 27.00%
Preferred Stocks
0.00% 0.00% 2.15% 34.00%
Other
0.00% 0.00% 3.48% 38.00%
Convertible Bonds
0.00% 0.00% 11.31% 36.00%
Bonds
0.00% 0.00% 4.46% 34.00%

Stock Sector Breakdown

Weighting Return Low Return High PRASX % Rank
Technology
31.86% 0.96% 35.05% 5.00%
Financial Services
24.71% 4.57% 37.76% 23.00%
Consumer Cyclical
12.65% 6.74% 35.59% 78.00%
Consumer Defense
10.98% 3.55% 30.32% 37.00%
Industrials
7.21% 0.00% 16.25% 40.00%
Real Estate
5.04% 0.00% 18.25% 40.00%
Healthcare
3.38% 0.00% 28.22% 57.00%
Communication Services
2.88% 0.00% 33.63% 69.00%
Energy
1.05% 0.00% 11.30% 61.00%
Utilities
0.25% 0.00% 7.53% 52.00%
Basic Materials
0.00% 0.00% 8.55% 83.00%

Stock Geographic Breakdown

Weighting Return Low Return High PRASX % Rank
Non US
94.55% 81.62% 99.51% 77.00%
US
2.05% 0.00% 9.93% 22.00%

Expenses

PRASX - Expenses

Operational Fees

PRASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.30% 13.31% 93.00%
Management Fee 0.79% 0.15% 1.10% 33.00%
12b-1 Fee N/A 0.00% 1.00% 8.20%
Administrative Fee 0.15% 0.01% 0.25% 69.23%

Sales Fees

PRASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PRASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 41.18%

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.

PRASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 44.90% 1.00% 360.00% 51.00%

Distributions

PRASX - Distributions

Dividend Yield Analysis

PRASX Category Low Category High PRASX % Rank
Dividend Yield 0.00% 0.00% 7.95% 34.00%

Dividend Distribution Analysis

PRASX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

PRASX Category Low Category High PRASX % Rank
Net Income Ratio 0.90% -1.05% 3.02% 43.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PRASX - Fund Manager Analysis

Managers

Anh Lu


Start Date

Tenure

Tenure Rank

Jun 02, 2014

5.58

5.6%

Anh Lu has been chairman of the committee since 2009. Ms. Lu is a portfolio manager in the Equity Division of T. Rowe Price Hong Kong Limited. Ms. Lu is the lead portfolio manager for the Asia ex-Japan Equity Strategy. Ms. Lu is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Hong Kong Limited. She joined the Firm in 2001 and her investment experience dates from 1995. Prior to joining the firm, she was a vice president of the Asia Pacific Technology Investment Banking Division of Salomon Smith Barney in Hong Kong. Before Salomon Smith Barney, Anh spent three years at LGT Asset Management as an analyst and portfolio manager. Ms. Lu earned a B.A. with honours from the University of Western Ontario.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 20.01 4.54 10.13