T. Rowe Price Latin America Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-16.9%
1 yr return
-13.2%
3 Yr Avg Return
4.6%
5 Yr Avg Return
-1.6%
Net Assets
$464 M
Holdings in Top 10
44.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.18%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 30.70%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RLAIX - Profile
Distributions
- YTD Total Return -16.9%
- 3 Yr Annualized Total Return 4.6%
- 5 Yr Annualized Total Return -1.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.36%
- Dividend Yield 0.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameT. Rowe Price Latin America Fund
-
Fund Family NameTROWEPRICE
-
Inception DateMar 06, 2017
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerVerena Wachnitz
Fund Description
The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in Latin American companies. For purposes of determining whether the fund invests at least 80% of its net assets in Latin American 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. Under normal conditions, at least four countries will be represented in the fund’s portfolio. The fund expects to primarily invest in the equity securities, including common stocks, preferred stocks, and convertible securities, of companies located (or with primary operations) in Latin America. The countries in which the fund normally invests include, but are not limited to, the following:
·Primary Emphasis: Argentina, Brazil, Chile, Colombia, Mexico, and Peru.
·Others: Belize, Ecuador, Guatemala, Panama, and Venezuela.
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 of companies of any size. The fund invests significantly in Latin American countries and typically has substantial investments in Brazil and Mexico. The fund may make substantial investments in banks and financial services companies in various Latin American countries.
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.
RLAIX - Performance
Return Ranking - Trailing
Period | RLAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -16.9% | -26.0% | -12.0% | 26.67% |
1 Yr | -13.2% | -21.2% | -6.0% | 26.67% |
3 Yr | 4.6%* | -4.8% | 7.1% | 33.33% |
5 Yr | -1.6%* | -8.5% | -0.4% | 35.71% |
10 Yr | N/A* | 0.8% | 3.5% | 42.11% |
* Annualized
Return Ranking - Calendar
Period | RLAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 31.4% | 16.7% | 31.7% | 20.00% |
2022 | -3.4% | -15.0% | 1.0% | 86.67% |
2021 | -22.9% | -24.3% | -7.1% | 85.71% |
2020 | -8.5% | -22.4% | 1.0% | 35.71% |
2019 | 14.5% | 10.2% | 47.4% | 84.62% |
Total Return Ranking - Trailing
Period | RLAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -16.9% | -26.0% | -12.0% | 26.67% |
1 Yr | -13.2% | -21.2% | -6.0% | 26.67% |
3 Yr | 4.6%* | -4.8% | 7.1% | 33.33% |
5 Yr | -1.6%* | -8.5% | -0.4% | 35.71% |
10 Yr | N/A* | 0.8% | 3.5% | 42.11% |
* Annualized
Total Return Ranking - Calendar
Period | RLAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 35.1% | 28.3% | 36.6% | 13.33% |
2022 | 0.6% | -11.1% | 12.4% | 80.00% |
2021 | -14.8% | -21.1% | -1.5% | 50.00% |
2020 | -7.3% | -20.9% | 1.0% | 35.71% |
2019 | 21.9% | 13.8% | 50.6% | 76.92% |
NAV & Total Return History
RLAIX - Holdings
Concentration Analysis
RLAIX | Category Low | Category High | RLAIX % Rank | |
---|---|---|---|---|
Net Assets | 464 M | 6.65 M | 5.28 B | 26.67% |
Number of Holdings | 56 | 44 | 147 | 60.00% |
Net Assets in Top 10 | 166 M | 2.15 M | 2.3 B | 26.67% |
Weighting of Top 10 | 44.94% | 34.3% | 56.7% | 33.33% |
Top 10 Holdings
- ITAU UNIBANCO HOLDING SA 9.24%
- WAL-MART DE MEXICO SAB DE CV 5.50%
- GRUPO MEXICO SAB DE CV 5.10%
- VALE SA 4.38%
- B3 SA - BRASIL BOLSA BALCAO 4.30%
- GRUPO FINANCIERO BANORTE SAB DE CV 4.05%
- RAIA DROGASIL SA 3.23%
- PETROLEO BRASILEIRO SA 3.18%
- CREDICORP LTD 3.11%
- MERCADOLIBRE INC 2.83%
Asset Allocation
Weighting | Return Low | Return High | RLAIX % Rank | |
---|---|---|---|---|
Stocks | 86.33% | 69.19% | 96.39% | 53.33% |
Preferred Stocks | 11.88% | 0.00% | 28.32% | 53.33% |
Cash | 3.48% | 0.94% | 9.18% | 46.67% |
Other | 0.00% | -0.04% | 0.11% | 33.33% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 20.00% |
Bonds | 0.00% | 0.00% | 4.41% | 20.00% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RLAIX % Rank | |
---|---|---|---|---|
Financial Services | 35.31% | 7.53% | 35.31% | 13.33% |
Consumer Defense | 13.34% | 6.76% | 16.72% | 33.33% |
Consumer Cyclical | 12.85% | 2.93% | 17.90% | 20.00% |
Industrials | 9.64% | 2.78% | 17.03% | 53.33% |
Healthcare | 7.43% | 1.37% | 7.43% | 13.33% |
Basic Materials | 6.29% | 6.29% | 30.27% | 93.33% |
Technology | 5.06% | 0.00% | 5.06% | 13.33% |
Energy | 5.06% | 3.95% | 17.38% | 86.67% |
Real Estate | 2.78% | 0.00% | 6.78% | 46.67% |
Communication Services | 1.69% | 0.31% | 7.08% | 80.00% |
Utilities | 0.56% | 0.56% | 24.83% | 93.33% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RLAIX % Rank | |
---|---|---|---|---|
Non US | 49.79% | 42.25% | 84.58% | 80.00% |
US | 36.54% | 0.00% | 54.15% | 26.67% |
RLAIX - Expenses
Operational Fees
RLAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.18% | 0.19% | 2.76% | 46.67% |
Management Fee | 1.04% | 0.19% | 1.10% | 86.67% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.08% | 0.15% | N/A |
Sales Fees
RLAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 5.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
RLAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | 100.00% |
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.
RLAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 30.70% | 17.00% | 115.00% | 46.15% |
RLAIX - Distributions
Dividend Yield Analysis
RLAIX | Category Low | Category High | RLAIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.30% | 2.54% | 9.47% | 86.67% |
Dividend Distribution Analysis
RLAIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
RLAIX | Category Low | Category High | RLAIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.36% | 1.18% | 8.87% | 86.67% |
Capital Gain Distribution Analysis
RLAIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.056 | OrdinaryDividend |
Dec 14, 2023 | $0.580 | OrdinaryDividend |
Dec 14, 2022 | $0.681 | OrdinaryDividend |
Dec 30, 2021 | $0.330 | OrdinaryDividend |
Dec 16, 2021 | $1.500 | OrdinaryDividend |
Dec 16, 2020 | $0.300 | OrdinaryDividend |
Dec 17, 2019 | $0.520 | OrdinaryDividend |
Dec 17, 2019 | $0.090 | CapitalGainShortTerm |
Dec 17, 2019 | $0.980 | CapitalGainLongTerm |
Dec 17, 2018 | $0.210 | CapitalGainLongTerm |
Dec 17, 2018 | $0.370 | OrdinaryDividend |
Dec 29, 2017 | $0.030 | ExtraDividend |
Dec 18, 2017 | $0.250 | OrdinaryDividend |
Dec 18, 2017 | $0.230 | CapitalGainShortTerm |
Dec 18, 2017 | $0.060 | CapitalGainLongTerm |
RLAIX - Fund Manager Analysis
Managers
Verena Wachnitz
Start Date
Tenure
Tenure Rank
Mar 31, 2014
8.17
8.2%
Verena Wachnitz has been chairman of the committee T. Rowe Price since 2014. During the past five years, she has served as an equity research analyst covering Latin America and a portfolio manager (beginning in 2014). Prior to joining T. Rowe Price in 2003, she was an investment analyst with Centro de Estudios de Transporte e Infraestructura. Verena earned a B.A. in economics and a master's degree in finance from Universidad de San Andres. She is fluent in Spanish, German, Portuguese and English. She also has earned the Chartered Financial Analyst designation. Her investment experience dates from 2004.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
2.04 | 8.17 | 4.49 | 2.04 |