Global Stock Fund

Restricted

Invests in a variety of industries in developed and, to a lesser extent, emerging markets. Invests in firms taking market share in the global economy and demonstrating strong free cash flow, sustainable margins, long product cycles, and experienced management teams.

Share prices are subject to the risks associated with unfavorable currency exchange rates and political or economic uncertainty abroad.

Morningstar (Category)

Morningstar
(Overall Rating)1

World Large Stock
  (765 funds)

Data as of 01/31/2021

Data as of 01/31/2021

Fund Manager Tenure2

Net Assets3
(USD)

8yrs
$6.5b

Data as of 01/31/2021

Data as of 01/31/2021

Price
(USD)

Daily Price Change

$67.85
$+0.21

Data as of 03/05/2021

Data as of 03/05/2021

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™.

David J. Eiswert, CFA
David J. Eiswert, CFA, Lead Portfolio Manager

David Eiswert is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He is the portfolio manager for the Global Focused Growth Equity Strategy, a role he has held since October 1, 2012. Prior to his current role, Mr. Eiswert was the portfolio manager for the Global Technology Strategy from October 2008 until May 2012. He was a technology analyst from 2003 until 2012. Mr. Eiswert is a vice president of T. Rowe Price Group, Inc.

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Strategy

Investment Objective

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

Morningstar Equity Style

Large Growth

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.

Morningstar Rating

Period Rating Funds In Category (World Large Stock)
Overall 765
3 Years 765
5 Years 637
10 Years 395

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 (Investor Class)

1 YR
52.25%
Benchmark
16.25%
Value
36.00% 31.19%

Data as of 12/31/2020

3 YR
25.10%
Benchmark
10.06%
Value
15.04% 13.56%

Data as of 12/31/2020

5 YR
22.53%
Benchmark
12.26%
Value
10.27% 11.03%

Data as of 12/31/2020

10 YR
15.69%
Benchmark
9.13%
Value
6.56% 6.56%

Data as of 12/31/2020

Benchmark: MSCI All Country World Index Net

Fund Inception: 12/29/1995

Expense Ratio

Gross
0.79%
Net
0.79%

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.

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
3.12%
Benchmark
1.96%
Value
1.16%

Data as of 03/05/2021

Monthly YTD
-1.35%
Benchmark
-0.45%
Value
-0.90%

Data as of 01/31/2021

One Month
-1.35%
Benchmark
-0.45%
Value
-0.90%

Data as of 01/31/2021

Three Months
18.86%
Benchmark
17.01%
Value
1.85%

Data as of 01/31/2021

Benchmark: MSCI All Country World Index Net

Fund Inception: 12/29/1995

Asset Allocation

Net Assets
(USD)
$6.5b

Data as of 01/31/2021

Largest US Stock 50.17% $3.2b
Other View complete

Holdings

Total
Holdings
97

Data as of 12/31/2020

Largest Holding Facebook 3.96% Was (09/30/2020) 2.97%
Other View complete Full Holdings
Top 10 Holdings 28.62% View the latest Top 10 Holdings
12-Month Portfolio Turnover 112.5% Data as of 01/31/2021

Largest Contributor

Charles Schwab
3.71%

Largest Detractor

Airbus
1.36%

Data as of 12/31/2020

Purchase

Alphabet Class A (N)
2.46%
Was 0.00%

Sale

Apple (E)
0.00%
Was 3.13%

Data as of 12/31/2020

Sectors

Total
Sectors
9

Data as of 01/31/2021

Benchmark: MSCI All Country World Index

Largest Sector Information Technology 27.29% Was (12/31/2020) 26.97%
Other View complete

Contributor

Information Technology
By 2.02%
Sector -0.01%
Selection 2.03%

Detractor

Communication Services
By -0.50%
Sector -0.14%
Selection -0.36%

Data as of 12/31/2020

Over

Information Technology
By 5.28%
Fund 27.29%
Benchmark 22.01%

Under

Consumer Staples
By -4.38%
Fund 2.75%
Benchmark 7.14%

Data as of 01/31/2021

MSCI index returns are shown with gross dividends reinvested.

Regions

Total
Regions
5

Data as of 01/31/2021

Benchmark: MSCI All Country World Index

Largest Region North America 52.09% Was (12/31/2020) 52.49%
Other View complete Region Diversification

Contributor

United States
By 2.60%
Region 0.12%
Selection 2.48%

Detractor

EM EMEA
By -0.02%
Region -0.02%
Selection 0.00%

Data as of 12/31/2020

Over

Europe
By 6.28%
Fund 23.50%
Benchmark 17.22%

Under

North America
By -7.40%
Fund 52.09%
Benchmark 59.49%

Data as of 01/31/2021

Countries

Total
Countries
18

Data as of 01/31/2021

Benchmark: MSCI All Country World Index

Largest Country United States 50.65% Was (12/31/2020) 50.94%
Other View complete Country Diversification

Over

United Kingdom
By 3.54%
Fund 7.33%
Benchmark 3.78%

Under

United States
By -6.17%
Fund 50.65%
Benchmark 56.82%

Data as of 01/31/2021

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

Currency

Total
Currencies
11

Data as of 01/31/2021

Benchmark: MSCI All Country World Index

Largest Currency U.S. dollar 61.36% Was (12/31/2020) 62.00%
Other View complete Currency Diversification

Over

British pound sterling
By 3.52%
Fund 7.28%
Benchmark 3.77%

Under

Hong Kong dollar
By -2.83%
Fund 1.06%
Benchmark 3.89%

Data as of 01/31/2021

Team (As of )

David J. Eiswert, CFA

David J. Eiswert, CFA
Lead Portfolio Manager

David Eiswert is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He is the portfolio manager for the Global Focused Growth Equity Strategy, a role he has held since October 1, 2012. Prior to his current role, Mr. Eiswert was the portfolio manager for the Global Technology Strategy from October 2008 until May 2012. He was a technology analyst from 2003 until 2012. Mr. Eiswert is a vice president of T. Rowe Price Group, Inc.

  • Fund manager
    since 2012
  • Years at
    T. Rowe Price 17
  • Years investment
    experience 20
Nabil Hanano

Nabil Hanano
Portfolio Manager

Nabil Hanano is an associate portfolio manager of the Global Focused Growth Equity Strategy in the U.S. Equity Division . He is a vice president and Investment Advisory Committee member of the Global Stock Fund. Nabil is a vice president of T. Rowe Price Group, Inc., T. Rowe Price International Funds, and T. Rowe Price International Ltd.

  • Years at
    T. Rowe Price 8
  • Years investment
    experience 12
Jennifer O'Hara Martin

Jennifer O'Hara Martin
Portfolio Specialist

Jennifer O’Hara Martin is a global equity portfolio specialist in the U.S. Equity Division. She is a member of the Global Growth Equity, Global Focused Growth Equity, Global Technology Equity, Communications & Technology Equity, and Science & Technology Equity Strategy teams. Jennifer is a vice president of T. Rowe Price Group, Inc.

  • Years at
    T. Rowe Price 16
  • Years investment
    experience 25
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
Investor Class
Cusip 77956H856
$2,500 $100 0.00% 0.79% 0.79% N/A N/A
Advisor Class
Cusip 77956H765
$2,500 $100 0.25% 1.10% 1.10% N/A
N/A
I Class
Cusip 77956H328
$1,000,000* N/A 0.00% 0.66% 0.66% N/A
N/A

* 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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