Emerging Markets Discovery Stock Fund
Formerly Emerging Markets Value Stock Fund
Invests at least 80% of its net assets (including any borrowings for investment purposes) in stocks issued by companies in emerging markets. The fund invests in companies of any size, but generally seeks stocks of larger companies that are undervalued.
Investing in the securities of non-U.S. issuers involves special risks not typically associated with investing in U.S. issuers. International securities tend to be more volatile and less liquid than investments in U.S. securities and may lose value because of adverse political, social, or economic developments overseas, or due to changes in the exchange rates between foreign currencies and the U.S. dollar. In addition, international investments are subject to settlement practices and regulatory and financial reporting standards that differ from those of the U.S.
Morningstar (Category)
Morningstar
(Overall Rating)1
Data as of 01/31/2021
Data as of 01/31/2021
Fund Manager Tenure2
Net Assets3
(USD)
Data as of 01/31/2021
Data as of 01/31/2021
Price
(USD)
Daily Price Change
Data as of 02/24/2021
Data as of 02/24/2021
Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.
Strategy
Investment Objective
The objective is to seek long-term growth of capital.
Morningstar Equity Style
Large Value
Data as of 01/31/2021
The Morningstar Style Box™, a proprietary Morningstar data point, is a 9-square grid that provides a graphical representation of the "investment style" of stocks and mutual funds. See disclaimer at bottom of page for more information.
Yields & Dividends (Investor Class)
30-Day SEC Standardized Yield
with waiver
N/AData as of N/A
without waiver
1.05%Data as of 01/31/2021
30-Day Annualized Dividend Yield
with waiver
N/A
Monthly Dividend
(USD)
N/A
Monthly Dividend
Rate
N/A
Average Annual Total Returns (Investor Class)
1 YR
6.87%Benchmark
18.31%Value
-11.44%Data as of 12/31/2020
3 YR
3.93%Benchmark
6.17%Value
-2.24%Data as of 12/31/2020
5 YR
10.88%Benchmark
12.81%Value
-1.93%Data as of 12/31/2020
Since Inception
10.14%Benchmark
11.80%Value
-1.66%Data as of 12/31/2020
Expense Ratio
Gross
1.54%Net
1.23%Limitation Type
ContractualCurrent performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares. Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions.
The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's prospectus prior to the deduction of any waiver or reimbursement. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement. If a fund has an active contractual expense limitation, the expiration date is shown below the gross and net expense ratio values above. Expense ratios are as of the most recent prospectus.
Current Year Performance (Investor Class)
Daily YTD
8.87%Benchmark
6.76%Value
2.11%Data as of 02/24/2021
Monthly YTD
0.07%Benchmark
3.07%Value
-3.00%Data as of 01/31/2021
One Month
0.07%Benchmark
3.07%Value
-3.00%Data as of 01/31/2021
Three Months
25.30%Benchmark
20.88%Value
4.42%Data as of 01/31/2021
Asset Allocation
Net Assets
(USD)
$1.5b
Holdings
Total
Holdings
64
Largest Contributor
Samsung Electronics
6.40%Largest Detractor
Fresnillo
1.39%Purchase
China Construction Bank (N)
2.16%Sale
CNOOC (E)
0.00%Sectors
Total
Sectors
11
Contributor
Consumer Discretionary
By 4.11%Detractor
Industrials & Business Services
By -0.16%Over
Materials
By 4.35%Under
Information Technology
By -6.12%Regions
Total
Regions
4
Over
Europe
By 4.62%Under
Pacific Ex Japan
By -9.85%Countries
Total
Countries
17
Contributor
China
By 4.62%Detractor
Taiwan
By -0.23%Over
Mexico
By 3.09%Under
Taiwan
By -8.50%Team (As of )
Ernest C. Yeung
Portfolio Manager
Ernest Yeung is a portfolio manager for the Emerging Markets Discovery Equity Strategy at T. Rowe Price. He was the co-portfolio manager for the International Small-Cap Equity Strategies from 2009 to 2014. Mr. Yeung is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Hong Kong Limited.
- Fund manager
since 2015 - Years at
T. Rowe Price 17 - Years investment
experience 19
Nick Beecroft, CFA
Portfolio Specialist
Nick Beecroft is the APAC head of the Investment Specialist Group and a portfolio specialist in the Equity Division. He also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.
- Years at
T. Rowe Price 16 - Years investment
experience 20
For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.
How to Invest
View platform information| Share Class | Min Initial Investment (USD) | Min Subsequent Investment (USD) | 12b-1 Fee | Expense Ratio | |||
|---|---|---|---|---|---|---|---|
| Gross | Net | Limitation Type | Limitation Expiration Date | ||||
|
Investor Class Cusip 77956H419 |
$2,500 | $100 | 0.00% | 1.54% | 1.23% | Contractual | 02/28/2022 |
|
Advisor Class Cusip 77956H393 |
$2,500 | $100 | 0.25% | 2.03% | 1.65% |
Contractual |
02/28/2022 |
|
I Class Cusip 77956H237 |
$1,000,000* | N/A | 0.00% | 1.38% | 1.08% |
Contractual |
02/28/2021 |
* Minimum initial investment $1,000,000. Minimum is generally waived for intermediaries, certain retirement plans, and certain institutional client accounts.
© 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Number of years managing the fund. In the case of co-portfolio management, the longer tenure is displayed.
Figure applies to all share classes.
Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed, or produced by MSCI.
Ernest Yeung is a portfolio manager for the Emerging Markets Discovery Equity Strategy at T. Rowe Price. He was the co-portfolio manager for the International Small-Cap Equity Strategies from 2009 to 2014. Mr. Yeung is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Hong Kong Limited.