Global Stock Fund

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.

PRGSXCUSIP 77956H856
Fund Story Prospectus

Morningstar (Category)

Morningstar
(Overall Rating)1

World Large Stock
  (725 funds)

Data as of 08/31/2020

Data as of 08/31/2020

Fund Manager Tenure2

Net Assets3
(USD)

8yrs
$4.9b

Data as of 08/31/2020

Data as of 08/31/2020

Price
(USD)

Daily Price Change

$58.13
$+0.28

Data as of 09/30/2020

Data as of 09/30/2020

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.

View more

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 08/31/2020

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 725
3 Years 725
5 Years 610
10 Years 359

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
22.87%
Benchmark
2.11%
Value
20.76% 28.27%

Data as of 06/30/2020

3 YR
16.76%
Benchmark
6.14%
Value
10.62% 12.89%
5 YR
15.09%
Benchmark
6.46%
Value
8.63% 9.53%
10 YR
14.65%
Benchmark
9.16%
Value
5.49% 6.00%

Expense Ratio

Gross
0.82%
Net
0.82%

Benchmark: MSCI All Country World Index Net

Fund Inception: 12/29/1995

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
27.17%
Benchmark
N/A
Value
N/A

Data as of 09/30/2020

Monthly YTD
28.79%
Benchmark
4.75%
Value
24.04%

Data as of 08/31/2020

One Month
7.43%
Benchmark
6.12%
Value
1.31%
Three Months
21.99%
Benchmark
15.30%
Value
6.69%

Benchmark: MSCI All Country World Index Net

Fund Inception: 12/29/1995

Asset Allocation

Net Assets
(USD)
$4.9b
Largest US Stock 50.38% $2.5b
Other View complete Asset Allocation

Data as of 08/31/2020

Holdings

Total
Holdings
93
Largest Holding Amazon.com 3.49% Was (03/31/2020) 3.40%
Other View complete Full Holdings
Top 10 Holdings 27.65% View the latest Top 10 Holdings
12-Month Portfolio Turnover 114.7% Data as of 08/31/2020

Data as of 06/30/2020

Largest Contributor

Amazon.com
3.49%

Largest Detractor

NextEra Energy
2.48%

Data as of 06/30/2020

Purchase

Morgan Stanley (N)
3.44%
Was 0.00%

Sale

Visa (E)
0.00%
Was 3.00%

Data as of 06/30/2020

Sectors

Total
Sectors
10
Largest Sector Information Technology 35.95% Was (07/31/2020) 36.22%
Other View complete Sector Diversification

Data as of 08/31/2020

Benchmark: MSCI All Country World Index

Contributor

Information Technology
By 5.31%
Sector 1.65%
Selection 3.66%

Detractor

Materials
By -0.13%
Sector -0.16%
Selection 0.02%

Data as of 06/30/2020

Over

Information Technology
By 14.21%
Fund 35.95%
Benchmark 21.74%

Under

Consumer Staples
By -5.33%
Fund 2.54%
Benchmark 7.88%

Data as of 08/31/2020

MSCI index returns are shown with gross dividends reinvested.

Regions

Total
Regions
5
Largest Region North America 52.20% Was (07/31/2020) 52.87%
Other View complete Region Diversification

Data as of 08/31/2020

Benchmark: MSCI All Country World Index

Contributor

United States
By 5.83%
Region -0.03%
Selection 5.87%

Data as of 06/30/2020

Over

Europe
By 3.66%
Fund 20.91%
Benchmark 17.25%

Under

North America
By -9.02%
Fund 52.20%
Benchmark 61.22%

Data as of 08/31/2020

Countries

Total
Countries
20
Largest Country United States 50.84% Was (07/31/2020) 51.41%
Other View complete Country Diversification

Data as of 08/31/2020

Benchmark: MSCI All Country World Index

Over

India
By 2.56%
Fund 3.56%
Benchmark 1.00%

Under

United States
By -7.63%
Fund 50.84%
Benchmark 58.47%

Data as of 08/31/2020

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

Currency

Total
Currencies
12
Largest Currency U.S. dollar 62.11% Was (07/31/2020) 62.01%
Other View complete Currency Diversification

Data as of 08/31/2020

Benchmark: MSCI All Country World Index

Over

Indian rupee
By 2.56%
Fund 3.57%
Benchmark 1.00%

Under

Canadian dollar
By -2.75%
Fund 0.00%
Benchmark 2.75%

Data as of 08/31/2020

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 of T. Rowe Price. She is a member of the Global Growth Equity, Global Focused Growth Equity, Global Technology Equity, Communications & Technology Equity, Science & Technology Equity, and US Structured Research Equity Strategy teams. Ms. Martin is a vice president of T. Rowe Price Group, Inc.

  • Years at
    T. Rowe Price 15
  • Years investment
    experience 24
Laurence Taylor

Laurence Taylor
Portfolio Specialist

Laurence Taylor is a portfolio specialist in the Equity Division at T. Rowe Price, representing the firm's global equity strategies to institutional clients, consultants and prospects. Mr. Taylor 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 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 77956H856
$2,500 $100 0.00% 0.82% 0.82% N/A N/A
Advisor Class
Cusip 77956H765
$2,500 $100 0.25% 1.12% 1.12% N/A
N/A
I Class
Cusip 77956H328
$1,000,000* N/A 0.00% 0.68% 0.68% 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

© 2020 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.

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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