T. Rowe Price New Asia Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.4%
1 yr return
-3.0%
3 Yr Avg Return
-10.5%
5 Yr Avg Return
1.9%
Net Assets
$2.36 B
Holdings in Top 10
45.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.00%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 48.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PRASX - Profile
Distributions
- YTD Total Return 0.4%
- 3 Yr Annualized Total Return -10.5%
- 5 Yr Annualized Total Return 1.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.48%
- Dividend Yield 1.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameT. Rowe Price New Asia Fund
-
Fund Family NameT. Rowe Price
-
Inception DateSep 28, 1990
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAnh Lu
Fund Description
The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in Asian companies (excluding Japanese companies). 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 fund expects to primarily invest in common stocks of companies located (or with primary operations) in Asian countries other than Japan. The 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 the stocks of companies of any size. The fund invests significantly in Asian countries, other than Japan, and typically has substantial investments in China.
At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the information technology and financial 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.
Security selection reflects a growth style. The adviser relies on a global team of investment analysts dedicated to in-depth fundamental research in an effort to identify companies capable
of achieving and sustaining above-average, long-term earnings growth. The adviser seeks to purchase stocks of companies at reasonable prices in relation to present or anticipated earnings, cash flow, or book value. The fund’s successful implementation of a growth-oriented strategy may lead to long-term growth of capital over time.
In selecting investments, the adviser generally favors companies with one or more of the following characteristics:
·leading or improving market position;
·attractive business niche;
·attractive or improving franchise or industry position;
·seasoned management;
·stable or improving earnings and/or cash flow; and
·sound or improving balance sheet.
PRASX - Performance
Return Ranking - Trailing
Period | PRASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.4% | -2.6% | 7.3% | 69.49% |
1 Yr | -3.0% | -8.6% | 16.4% | 89.66% |
3 Yr | -10.5%* | -17.5% | 7.8% | 48.15% |
5 Yr | 1.9%* | -4.6% | 14.0% | 54.72% |
10 Yr | 4.3%* | 1.4% | 8.0% | 38.89% |
* Annualized
Return Ranking - Calendar
Period | PRASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.0% | -7.8% | 14.0% | 66.67% |
2022 | -24.1% | -40.0% | 2.8% | 54.39% |
2021 | -16.3% | -44.2% | 15.5% | 60.38% |
2020 | 29.0% | -13.5% | 83.8% | 37.74% |
2019 | 25.8% | -3.3% | 44.7% | 15.09% |
Total Return Ranking - Trailing
Period | PRASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.4% | -2.6% | 7.3% | 69.49% |
1 Yr | -3.0% | -8.6% | 16.4% | 89.66% |
3 Yr | -10.5%* | -17.5% | 7.8% | 48.15% |
5 Yr | 1.9%* | -4.6% | 14.0% | 54.72% |
10 Yr | 4.3%* | 1.4% | 8.0% | 38.89% |
* Annualized
Total Return Ranking - Calendar
Period | PRASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -7.8% | 20.1% | 75.44% |
2022 | -22.6% | -31.3% | 5.2% | 59.65% |
2021 | -4.3% | -21.3% | 22.4% | 33.96% |
2020 | 29.6% | -9.6% | 87.0% | 39.62% |
2019 | 26.7% | 8.4% | 44.8% | 28.30% |
NAV & Total Return History
PRASX - Holdings
Concentration Analysis
PRASX | Category Low | Category High | PRASX % Rank | |
---|---|---|---|---|
Net Assets | 2.36 B | 1.6 M | 3.93 B | 8.47% |
Number of Holdings | 75 | 24 | 1595 | 33.90% |
Net Assets in Top 10 | 992 M | 1.27 M | 1.66 B | 3.39% |
Weighting of Top 10 | 45.40% | 20.1% | 75.0% | 42.37% |
Top 10 Holdings
- TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 11.49%
- SAMSUNG ELECTRONICS CO LTD 7.95%
- TENCENT HOLDINGS LTD 5.87%
- ALIBABA GROUP HOLDING LTD 3.94%
- DBS GROUP HOLDINGS LTD 3.57%
- AIA GROUP LTD 3.27%
- HDFC BANK LTD 3.04%
- ASML HOLDING NV 2.17%
- ICICI BANK LTD 2.12%
- BANK CENTRAL ASIA TBK PT 1.98%
Asset Allocation
Weighting | Return Low | Return High | PRASX % Rank | |
---|---|---|---|---|
Stocks | 97.46% | 0.00% | 101.15% | 49.15% |
Cash | 3.26% | 0.00% | 8.89% | 15.25% |
Preferred Stocks | 0.17% | 0.00% | 3.99% | 25.42% |
Other | 0.00% | -0.04% | 6.25% | 30.51% |
Convertible Bonds | 0.00% | 0.00% | 6.14% | 40.68% |
Bonds | 0.00% | 0.00% | 91.14% | 23.73% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PRASX % Rank | |
---|---|---|---|---|
Technology | 27.92% | 0.00% | 35.18% | 35.59% |
Financial Services | 16.86% | 7.86% | 53.75% | 69.49% |
Consumer Cyclical | 16.11% | 2.54% | 30.22% | 44.07% |
Communication Services | 10.53% | 0.00% | 16.87% | 27.12% |
Industrials | 8.39% | 0.00% | 28.54% | 30.51% |
Healthcare | 7.69% | 0.00% | 11.60% | 27.12% |
Consumer Defense | 4.34% | 0.00% | 15.16% | 59.32% |
Real Estate | 3.90% | 0.00% | 16.03% | 44.07% |
Utilities | 3.37% | 0.00% | 7.67% | 22.03% |
Basic Materials | 0.91% | 0.00% | 24.13% | 76.27% |
Energy | 0.00% | 0.00% | 7.66% | 52.54% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PRASX % Rank | |
---|---|---|---|---|
Non US | 87.73% | 0.00% | 99.86% | 44.07% |
US | 9.73% | 0.00% | 27.70% | 49.15% |
PRASX - Expenses
Operational Fees
PRASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.00% | 0.19% | 16.32% | 70.69% |
Management Fee | 0.79% | 0.19% | 1.50% | 54.24% |
12b-1 Fee | N/A | 0.00% | 1.00% | 8.20% |
Administrative Fee | 0.15% | 0.08% | 0.25% | 53.85% |
Sales Fees
PRASX 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
PRASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 38.24% |
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 | 48.00% | 9.00% | 222.00% | 34.62% |
PRASX - Distributions
Dividend Yield Analysis
PRASX | Category Low | Category High | PRASX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.76% | 0.00% | 8.56% | 49.15% |
Dividend Distribution Analysis
PRASX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
PRASX | Category Low | Category High | PRASX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.48% | -1.41% | 4.89% | 38.98% |
Capital Gain Distribution Analysis
PRASX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 15, 2023 | $0.281 | OrdinaryDividend |
Dec 15, 2022 | $0.313 | OrdinaryDividend |
Dec 18, 2019 | $0.150 | OrdinaryDividend |
Dec 18, 2018 | $0.230 | OrdinaryDividend |
Dec 19, 2017 | $0.100 | OrdinaryDividend |
Dec 19, 2016 | $0.130 | OrdinaryDividend |
Dec 17, 2015 | $0.200 | OrdinaryDividend |
Dec 17, 2014 | $0.160 | OrdinaryDividend |
Dec 18, 2013 | $0.150 | OrdinaryDividend |
Dec 19, 2012 | $0.160 | OrdinaryDividend |
Dec 17, 2009 | $0.080 | OrdinaryDividend |
Dec 17, 2008 | $0.400 | OrdinaryDividend |
Dec 19, 2002 | $0.040 | OrdinaryDividend |
Dec 16, 1999 | $0.040 | OrdinaryDividend |
Dec 17, 1998 | $0.090 | OrdinaryDividend |
Dec 29, 1997 | $0.080 | OrdinaryDividend |
Dec 30, 1996 | $0.060 | OrdinaryDividend |
Dec 28, 1995 | $0.090 | OrdinaryDividend |
Dec 29, 1994 | $0.350 | OrdinaryDividend |
Jan 02, 1992 | $0.100 | OrdinaryDividend |
PRASX - Fund Manager Analysis
Managers
Anh Lu
Start Date
Tenure
Tenure Rank
Jun 02, 2014
8.0
8.0%
Anh Thi 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 |
---|---|---|---|
0.09 | 22.43 | 4.69 | 0.25 |