Global Growth Stock Fund - I Class

Restricted

Invests in target blue chip companies in at least five different countries, including the U.S. It takes a growth approach to investing, seeking opportunities that have potential for above-average earnings.

Since the fund invests overseas, its foreign holdings could be affected by declining foreign currencies or adverse political or economic events. The fund’s growth approach carries risk: Because growth funds have higher valuations and lower dividend yields than slower-growth or cyclical companies, the share price volatility may be higher. As such, fund prices could decline further in market downturns than those of non growth-oriented funds.

Morningstar (Category)

Morningstar
(Overall Rating)1

World Large-Stock Growth
  (298 funds)

Data as of 09/30/2021

Data as of 09/30/2021

Fund Manager Tenure2

Net Assets3
(USD)

12yrs
$1.6b

Data as of 09/30/2021

Data as of 09/30/2021

Price
(USD)

Daily Price Change

$48.97
$+0.23

Data as of 10/18/2021

Data as of 10/18/2021

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™.

Scott Berg
Scott Berg, Lead Portfolio Manager

Scott Berg is the portfolio manager for the T. Rowe Price Global Growth Equity Strategy and a vice president of T. Rowe Price Group, Inc.

View more

Strategy

Investment Objective

The fund seeks long-term growth of capital through investments primarily in the common stocks of large-cap companies throughout the world, including the U.S.

Morningstar Equity Style

Large Growth

Data as of 09/30/2021

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.

Morningstar Rating

Period Rating Funds In Category (World Large-Stock Growth)
Overall 298
3 Years 298
5 Years N/A 254
10 Years N/A 159

*Ratings displayed with hollow stars represent Morningstar Extended Performance Ratings.  Morningstar provides adjusted historical returns and an Extended Performance Rating for some mutual fund share class that don't have a 1, 3-, 5-, or 10-year performance history.  These hypothetical Morningstar Ratings are based on the historical performance of the oldest share class of the fund, adjusted for fees and expenses.

The Morningstar Rating™ for funds, or "star rating", is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.

Average Annual Total Returns (I Class)*

1 YR
31.73%
Benchmark
27.44%
Value
4.29% 4.29%

Data as of 09/30/2021

3 YR
22.98%
Benchmark
12.58%
Value
10.40% 10.40%

Data as of 09/30/2021

5 YR
20.59%
Benchmark
13.20%
Value
7.39% 7.39%

Data as of 09/30/2021

10 YR
16.66%
Benchmark
11.90%
Value
4.76% 4.76%

Data as of 09/30/2021

Benchmark: MSCI All Country World Index Net

Investor Class Inception Date: 10/27/2008

I Class Inception Date: 03/06/2017

Expense Ratio

Gross
0.69%
Net
0.69%

Current 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.

Investors should note that short term returns greater than 40% are highly unusual and unlikely to be sustained.

*The T. Rowe Price Funds-I Class share the portfolio of an existing fund (the original share class of the fund is referred to as the "investor class"). The total return figures for I Class shares have been calculated using the performance data of the investor class up to the inception date of the I Class (shown above) and the actual performance results of the I Class since that date.  Because the I Classes are expected to have lower expenses than the Investor Classes, The I Class performance, had it existed over the periods shown, would have been higher. 

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 (I Class)*

Daily YTD
15.03%
Benchmark
14.98%
Value
0.05%

Data as of 10/18/2021

Monthly YTD
11.35%
Benchmark
11.12%
Value
0.23%

Data as of 09/30/2021

One Month
-5.22%
Benchmark
-4.13%
Value
-1.09%

Data as of 09/30/2021

Three Months
-1.62%
Benchmark
-1.05%
Value
-0.57%

Data as of 09/30/2021

Benchmark: MSCI All Country World Index Net

Investor Class Inception Date: 10/27/2008

I Class Inception Date: 03/06/2017

*The T. Rowe Price Funds-I Class share the portfolio of an existing fund (the original share class of the fund is referred to as the "investor class"). The total return figures for I Class shares have been calculated using the performance data of the investor class up to the inception date of the I Class (shown above) and the actual performance results of the I Class since that date.  Because the I Classes are expected to have lower expenses than the Investor Classes, The I Class performance, had it existed over the periods shown, would have been higher. 

Asset Allocation

Net Assets
(USD)
$1.6b

Data as of 09/30/2021

Largest US Stock 51.49% $831.3m
Other View complete

Holdings

Total
Holdings
198

Data as of 09/30/2021

Largest Holding Amazon.com 3.09% Was (06/30/2021) 3.04%
Other View complete Full Holdings
Top 10 Holdings 15.24% View the latest Top 10 Holdings
12-Month Portfolio Turnover 56.3% Data as of 09/30/2021

Largest Contributor

Alphabet
2.67%

Largest Detractor

Alibaba Group Holding
0.94%

Data as of 09/30/2021

Purchase

Daiichi Sankyo
0.52%
Was 0.10%

Sale

Okta (E)
0.00%
Was 0.43%

Data as of 09/30/2021

Sectors

Total
Sectors
11

Data as of 09/30/2021

Benchmark: MSCI All Country World Index

Largest Sector Information Technology 22.94% Was (08/31/2021) 23.00%
Other View complete

Contributor

Health Care
By 0.49%
Sector 0.02%
Selection 0.47%

Detractor

Consumer Discretionary
By -1.98%
Sector -0.14%
Selection -1.84%

Data as of 09/30/2021

Over

Consumer Discretionary
By 5.73%
Fund 18.16%
Benchmark 12.43%

Under

Energy
By -3.49%
Fund 0.03%
Benchmark 3.52%

Data as of 09/30/2021

Regions

Total
Regions
6

Data as of 09/30/2021

Benchmark: MSCI All Country World Index

Largest Region North America 57.15% Was (08/31/2021) 56.89%
Other View complete Region Diversification

Contributor

United States
By 0.24%
Region -0.08%
Selection 0.32%

Detractor

EM EMEA
By -0.32%
Region -0.07%
Selection -0.25%

Data as of 09/30/2021

Over

Pacific Ex Japan
By 5.63%
Fund 17.91%
Benchmark 12.28%

Under

North America
By -5.03%
Fund 57.15%
Benchmark 62.17%

Data as of 09/30/2021

Countries

Total
Countries
29

Data as of 09/30/2021

Benchmark: MSCI All Country World Index

Largest Country United States 55.33% Was (08/31/2021) 55.04%
Other View complete Country Diversification

Over

India
By 4.19%
Fund 5.65%
Benchmark 1.46%

Under

Japan
By -4.06%
Fund 2.13%
Benchmark 6.20%

Data as of 09/30/2021

Currency

Total
Currencies
18

Data as of 09/30/2021

Benchmark: MSCI All Country World Index

Largest Currency U.S. dollar 64.95% Was (08/31/2021) 65.06%
Other View complete Currency Diversification

Over

U.S. dollar
By 4.50%
Fund 64.95%
Benchmark 60.46%

Under

Japanese yen
By -4.06%
Fund 2.14%
Benchmark 6.20%

Data as of 09/30/2021

Numbers may not total due to rounding; all numbers are percentages.

Team (As of )

Scott Berg

Scott Berg
Lead Portfolio Manager

Scott Berg is the portfolio manager for the T. Rowe Price Global Growth Equity Strategy and a vice president of T. Rowe Price Group, Inc.

  • Fund manager
    since 2008
  • Years at
    T. Rowe Price 19
  • Years investment
    experience 19
Harishankar Balkrishna

Harishankar Balkrishna
Portfolio Manager

Hari Balkrishna is a portfolio manager for the Global Impact Equity Strategy. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd. 

  • Years at
    T. Rowe Price 11
  • Years investment
    experience 14
Jason Nogueira, CFA

Jason Nogueira, CFA
Portfolio Manager

Jay Nogueira is a director of research for North America within the Equity Division.  He is a vice president and an Investment Advisory Committee member of the US Large-Cap Core Equity, US Structured Research Equity, US Large-Cap Growth Equity, US Mid-Cap Growth Equity, and Global Growth Equity Strategies. He also is an executive vice president of the T. Rowe Price International Funds, Inc., and a vice president of T. Rowe Price Group, Inc.

  • Years at
    T. Rowe Price 17
  • Years investment
    experience 20
Kurt A.  Umbarger

Kurt A. Umbarger
Portfolio Specialist

Kurt Umbarger is a global equity portfolio specialist within the International Equity Division of T. Rowe Price. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

  • Years at
    T. Rowe Price 28
  • Years investment
    experience 28
Laurence Taylor

Laurence Taylor
Portfolio Specialist

Laurence Taylor is a portfolio specialist in the Equity Division. He represents the firm's global equity strategies to institutional clients, consultants, and prospects. Laurence is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

  • Years at
    T. Rowe Price 12
  • Years investment
    experience 21

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
I Class
Cusip 77956H294
$1,000,000* N/A 0.00% 0.69% 0.69% N/A N/A
Investor Class
Cusip 77956H732
$2,500 $100 0.00% 0.85% 0.85% N/A
N/A
Advisor Class
Cusip 77956H716
$2,500 $100 0.25% 1.12% 1.10% Contractual
02/28/2023

* Minimum initial investment $1,000,000. Minimum is generally waived for intermediaries, certain retirement plans, and certain institutional client accounts.

1

© 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.

2

Number of years managing the fund.  In the case of co-portfolio management, the longer tenure is displayed.

3

Figure applies to all share classes.

N-restricted

Certain limited exceptions may apply to these scenarios. The funds reserve the right, when in the judgment of T. Rowe Price, it is not adverse to a fund's interest, to permit certain types of investors to open new accounts in a fund, to impose further restrictions, or to close a fund to any additional investments, all without notice.

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.

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