Invests in firms with a favorable combination of growth prospects and valuation. Several of the characteristics we look for: accelerating earnings and cash flow growth, reasonable valuation, and barriers to entry at industry and product level.
Investing internationally involves special risks including economic and political uncertainty and currency fluctuation.
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™.
Raymond A. Mills is the portfolio manager of the International Core Equity Strategy in the International Equity Division. Ray also serves on the Investment Advisory Committees of other international equity, asset allocation, and global real estate strategies. He is a member of the International Equity Steering Committee and the Equity Brokerage and Trading Control Committee. Ray also is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Trust Company, and T. Rowe Price International Ltd.
The fund seeks long-term growth of capital through investments in the common stocks of non-U.S. companies.
Morningstar Equity Style
Large Blend
Data as of 08/31/2021
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.
Average Annual Total Returns
(Investor Class)
1 YR
35.62%27.38%
Benchmark
32.35%26.12%
Value
3.27%1.26%
Data as of
06/30/2021
Data as of
08/31/2021
3 YR
8.51%8.99%
Benchmark
8.27%9.00%
Value
0.24%-0.01%
Data as of
06/30/2021
Data as of
08/31/2021
5 YR
11.04%10.23%
Benchmark
10.28%9.72%
Value
0.76%0.51%
Data as of
06/30/2021
Data as of
08/31/2021
10 YR
6.35%7.69%
Benchmark
5.89%7.34%
Value
0.46%0.35%
Data as of
06/30/2021
Data as of
08/31/2021
Expense Ratio
Gross
0.80%
Net
0.80%
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 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.
Raymond A. Mills is the portfolio manager of the International Core Equity Strategy in the International Equity Division. Ray also serves on the Investment Advisory Committees of other international equity, asset allocation, and global real estate strategies. He is a member of the International Equity Steering Committee and the Equity Brokerage and Trading Control Committee. Ray also is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Trust Company, and T. Rowe Price International Ltd.
Jason A. White is a portfolio specialist in the Equity Division. He is a member of the International Equity Investment team, participates in investment strategy calls, and regularly travels with other investment professionals to visit companies around the world. Jason also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.
Years at T. Rowe Price
17
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.
* Minimum initial investment $1,000,000. Minimum is generally waived for intermediaries, certain retirement plans, and certain institutional client accounts.
Benefits & Risks
Broader investment opportunity—the world’s best companies are not only in the United States.
Over long periods, international investing offers diversification benefits relative to an all-U.S. portfolio.
Investing internationally involves special risks including economic and political uncertainty and currency fluctuation.
Investor Profile
Appropriate for an investor seeking a diversified portfolio of international securities with a core approach that has the flexibility to invest across the style spectrum.
For investors looking for the diversification benefits associated with holding international investments.
Risk/Return Characteristics
Data as of 08/31/2021
Risk/Return (5 Years)
Fund
MSCI EAFE Index Net
Alpha
0.12%
0.00%
Beta
1.06
1.00
R-Squared
0.97
1.00
Annualized Std. Deviation
15.47%
14.42%
Information Ratio
0.18
0.00
Sharpe Ratio
0.58
0.59
Tracking Error
2.81%
0.00%
Figures are calculated using monthly data and are net of fees. Past performance cannot guarantee future results.
Asset Allocation (08/31/2021)
Category
% of Total Net Assets
Market Value (USD)
Global ex-US Stock
95.28%
$21,909,295,721.66
Reserves
2.83%
$650,748,393.08
US Stock
1.89%
$434,598,750.15
Total Allocation
$22,994,642,864.88
Numbers may not total due to rounding; all numbers are percentages.
Holdings (06/30/2021)
Security Name
% of Fund
Prev Qtr Change
Value
Sector
Industry
Country
3.02%
0.19%
$630,373,324.41
Consumer Staples
Food Products
Switzerland
2.19%
-0.01%
$457,232,811.47
Information Technology
Semiconductors & Semiconductor Equipment
Taiwan
2.02%
-0.13%
$420,116,760.12
Industrials & Business Services
Industrial Conglomerates
Germany
1.87%
-0.00%
$390,873,222.92
Consumer Staples
Personal Products
United Kingdom
1.81%
0.26%
$378,378,270.87
Health Care
Pharmaceuticals
Switzerland
1.58%
-0.05%
$329,790,185.79
Communication Services
Diversified Telecommunication Services
Japan
1.53%
-0.18%
$319,680,723.15
Information Technology
Technology Hardware, Storage & Peripherals
South Korea
1.53%
0.10%
$318,611,305.11
Information Technology
Semiconductors & Semiconductor Equipment
Netherlands
1.44%
0.03%
$301,138,683.08
Health Care
Pharmaceuticals
Switzerland
1.43%
0.02%
$297,382,941.77
Health Care
Pharmaceuticals
France
1.38%
0.09%
$287,015,445.82
Consumer Discretionary
Automobiles
Japan
1.28%
0.13%
$267,790,298.78
Health Care
Pharmaceuticals
Japan
1.24%
-0.10%
$258,934,431.03
Financials
Insurance
France
1.21%
-0.60%
$252,458,696.44
Health Care
Health Care Equipment & Supplies
Netherlands
1.21%
-0.15%
$251,264,682.66
Financials
Insurance
Germany
1.07%
0.06%
$223,583,201.65
Consumer Staples
Personal Products
France
1.07%
-0.03%
$222,030,722.66
Financials
Banks
Norway
1.02%
0.05%
$212,769,252.48
Consumer Discretionary
Auto Components
Canada
1.02%
0.13%
$212,171,790.00
Health Care
Pharmaceuticals
United Kingdom
1.01%
0.18%
$210,494,378.93
Financials
Banks
Netherlands
0.96%
-0.03%
$201,144,581.48
Information Technology
Semiconductors & Semiconductor Equipment
United States
0.96%
0.05%
$199,488,803.20
Financials
Banks
Canada
0.95%
-0.05%
$198,145,768.93
Information Technology
Communications Equipment
Sweden
0.93%
-0.02%
$194,748,131.76
Information Technology
Semiconductors & Semiconductor Equipment
United States
0.93%
0.01%
$194,338,508.87
Financials
Insurance
Canada
0.91%
-0.07%
$189,783,956.73
Energy
Oil, Gas & Consumable Fuels
France
0.89%
0.05%
$186,422,402.38
Industrials & Business Services
Electrical Equipment
Switzerland
0.87%
0.10%
$181,558,548.04
Consumer Staples
Food & Staples Retailing
Japan
0.84%
-0.02%
$175,146,193.73
Financials
Insurance
Finland
0.84%
-0.09%
$174,755,619.86
Industrials & Business Services
Electrical Equipment
Japan
0.82%
0.15%
$171,737,467.06
Consumer Discretionary
Internet & Direct Marketing Retail
Germany
0.82%
0.03%
$171,334,048.80
Energy
Oil, Gas & Consumable Fuels
Norway
0.82%
0.13%
$171,007,094.47
Industrials & Business Services
Trading Companies & Distributors
United Kingdom
0.81%
0.08%
$169,775,787.59
Consumer Staples
Beverages
United Kingdom
0.81%
-0.00%
$169,472,514.73
Information Technology
IT Services
Japan
0.81%
-0.02%
$168,629,494.77
Utilities
Multi-Utilities
France
0.80%
-0.07%
$167,806,699.55
Health Care
Pharmaceuticals
Germany
0.79%
-0.09%
$165,722,939.54
Consumer Discretionary
Internet & Direct Marketing Retail
United Kingdom
0.79%
0.07%
$164,129,341.37
Consumer Discretionary
Specialty Retail
United Kingdom
0.78%
0.08%
$162,888,438.33
Industrials & Business Services
Machinery
Germany
0.77%
0.07%
$161,176,446.95
Information Technology
Software
Germany
0.77%
-0.11%
$159,990,209.88
Financials
Banks
France
0.76%
0.00%
$157,762,032.49
Materials
Metals & Mining
United Kingdom
0.75%
-0.03%
$156,859,430.67
Real Estate
Real Estate Management & Development
Japan
0.74%
-0.05%
$154,546,424.91
Consumer Discretionary
Household Durables
Japan
0.73%
0.09%
$152,716,592.03
Communication Services
Media
Japan
0.73%
0.08%
$151,175,417.97
Health Care
Health Care Providers & Services
Germany
0.72%
0.15%
$150,271,438.10
Health Care
Health Care Equipment & Supplies
Germany
0.72%
0.01%
$149,486,498.85
Materials
Chemicals
United Kingdom
0.71%
0.08%
$148,190,661.95
Materials
Metals & Mining
Australia
0.69%
0.04%
$143,600,398.91
Materials
Chemicals
Netherlands
0.68%
0.02%
$142,204,497.92
Materials
Chemicals
France
0.68%
-0.02%
$141,662,644.45
Industrials & Business Services
Aerospace & Defense
United Kingdom
0.68%
-0.03%
$141,339,621.92
Industrials & Business Services
Professional Services
Japan
0.68%
0.01%
$140,941,822.99
Communication Services
Media
United Kingdom
0.66%
-0.04%
$137,411,755.00
Information Technology
Semiconductors & Semiconductor Equipment
Japan
0.66%
-0.05%
$137,305,678.11
Financials
Insurance
Japan
0.66%
N/A
$137,086,938.17
Industrials & Business Services
Industrial Conglomerates
United Kingdom
0.66%
0.07%
$136,804,687.28
Consumer Discretionary
Textiles, Apparel & Luxury Goods
Italy
0.65%
-0.07%
$135,179,942.42
Information Technology
Electronic Equip, Instr & Cmpts
Japan
0.64%
0.01%
$133,704,175.36
Financials
Diversified Financial Services
Canada
0.63%
-0.07%
$131,303,629.05
Financials
Insurance
Switzerland
0.63%
0.04%
$130,778,038.60
Health Care
Pharmaceuticals
United Kingdom
0.63%
0.04%
$130,594,043.08
Financials
Banks
Singapore
0.62%
0.01%
$129,110,289.87
Utilities
Multi-Utilities
United Kingdom
0.61%
0.04%
$127,588,642.57
Communication Services
Interactive Media & Services
South Korea
0.60%
0.05%
$126,087,985.61
Consumer Discretionary
Textiles, Apparel & Luxury Goods
France
0.60%
-0.10%
$125,974,443.86
Financials
Insurance
Norway
0.60%
0.03%
$124,218,239.98
Consumer Discretionary
Hotels Restaurants & Leisure
United Kingdom
0.59%
-0.03%
$123,583,524.38
Materials
Chemicals
Germany
0.59%
0.00%
$122,900,966.52
Communication Services
Wireless Telecommunication Services
United Kingdom
0.59%
-0.01%
$122,830,570.45
Financials
Banks
Sweden
0.59%
0.10%
$122,092,184.60
Consumer Discretionary
Textiles, Apparel & Luxury Goods
France
0.58%
-0.21%
$121,423,730.09
Materials
Metals & Mining
Chile
0.58%
0.03%
$121,187,957.70
Industrials & Business Services
Electrical Equipment
Italy
0.56%
0.04%
$115,995,655.92
Consumer Discretionary
Household Durables
United Kingdom
0.55%
0.01%
$115,111,534.98
Consumer Discretionary
Multiline Retail
United Kingdom
0.54%
-0.11%
$112,940,916.24
Consumer Staples
Food Products
Singapore
0.53%
0.03%
$110,895,363.54
Financials
Banks
United Kingdom
0.53%
-0.05%
$110,665,823.55
Materials
Chemicals
Japan
0.53%
-0.04%
$109,721,912.50
Health Care
Pharmaceuticals
Japan
0.52%
-0.04%
$109,038,252.08
Materials
Paper & Forest Products
Finland
0.51%
0.05%
$107,300,488.68
Materials
Chemicals
Belgium
0.50%
0.03%
$104,131,554.40
Industrials & Business Services
Professional Services
France
0.49%
-0.03%
$102,641,903.48
Financials
Banks
Australia
0.49%
-0.02%
$102,388,552.42
Information Technology
Electronic Equip, Instr & Cmpts
Japan
0.48%
-0.02%
$100,965,523.07
Financials
Capital Markets
Australia
0.48%
0.04%
$100,715,535.76
Industrials & Business Services
Electrical Equipment
France
0.47%
-0.02%
$97,047,957.01
Financials
Insurance
United Kingdom
0.46%
0.03%
$95,477,650.85
Health Care
Health Care Equipment & Supplies
Sweden
0.46%
-0.08%
$95,211,287.95
Consumer Discretionary
Household Durables
Japan
0.46%
0.03%
$95,060,134.93
Energy
Energy Equipment & Services
Australia
0.44%
-0.05%
$92,538,958.37
Industrials & Business Services
Industrial Conglomerates
Ireland
0.44%
-0.01%
$91,901,697.07
Consumer Discretionary
Auto Components
Japan
0.44%
-0.01%
$90,995,111.74
Industrials & Business Services
Aerospace & Defense
France
0.44%
-0.00%
$90,906,339.23
Real Estate
Equity Real Estate Investment Trusts (REITs)
United Kingdom
0.44%
0.04%
$90,775,251.43
Industrials & Business Services
Road & Rail
Japan
0.43%
-0.05%
$90,173,088.99
Industrials & Business Services
Trading Companies & Distributors
Japan
0.42%
-0.04%
$87,610,076.36
Materials
Chemicals
Germany
0.42%
-0.02%
$87,591,869.44
Financials
Banks
Japan
0.42%
-0.03%
$87,520,691.18
Financials
Thrifts & Mortgage Finance
India
0.41%
-0.10%
$85,309,385.19
Industrials & Business Services
Professional Services
Japan
0.41%
0.01%
$85,148,117.26
Consumer Discretionary
Auto Components
Sweden
0.40%
-0.01%
$84,250,061.88
Consumer Staples
Food Products
Switzerland
0.40%
-0.04%
$84,101,280.29
Industrials & Business Services
Trading Companies & Distributors
Japan
0.40%
-0.05%
$84,047,211.49
Consumer Discretionary
Automobiles
Japan
0.39%
-0.11%
$81,702,546.21
Communication Services
Wireless Telecommunication Services
Japan
0.38%
0.01%
$78,411,392.06
Financials
Banks
Austria
0.37%
-0.02%
$78,025,608.81
Financials
Insurance
China
0.37%
-0.00%
$76,432,855.44
Financials
Banks
Singapore
0.36%
0.00%
$75,560,733.71
Energy
Oil, Gas & Consumable Fuels
United Kingdom
0.36%
-0.01%
$75,070,224.19
Financials
Banks
Italy
0.36%
0.06%
$74,483,840.89
Health Care
Life Sciences Tools & Services
Germany
0.35%
-0.03%
$73,742,033.18
Consumer Discretionary
Auto Components
Japan
0.35%
-0.01%
$72,431,013.80
Information Technology
Electronic Equip, Instr & Cmpts
Japan
0.34%
-0.03%
$71,564,496.82
Materials
Containers & Packaging
United Kingdom
0.34%
-0.01%
$70,190,764.83
Financials
Insurance
Hong Kong
0.34%
-0.02%
$70,129,527.31
Communication Services
Interactive Media & Services
Japan
0.33%
-0.05%
$68,792,545.54
Industrials & Business Services
Machinery
Germany
0.33%
0.04%
$68,742,862.62
Health Care
Pharmaceuticals
France
0.32%
-0.09%
$67,504,012.41
Financials
Insurance
China
0.32%
-0.04%
$67,386,796.52
Communication Services
Interactive Media & Services
China
0.32%
0.00%
$66,916,775.70
Materials
Metals & Mining
Australia
0.31%
-0.02%
$65,165,657.45
Communication Services
Media
Germany
0.31%
-0.01%
$64,750,978.72
Materials
Metals & Mining
Australia
0.31%
-0.00%
$64,489,536.38
Industrials & Business Services
Trading Companies & Distributors
United Kingdom
0.30%
-0.04%
$62,698,812.50
Financials
Banks
Japan
0.29%
0.02%
$60,536,380.72
Materials
Metals & Mining
Australia
0.29%
0.03%
$60,145,389.49
Communication Services
Diversified Telecommunication Services
South Korea
0.28%
-0.02%
$59,051,013.27
Information Technology
IT Services
Spain
0.28%
-0.02%
$58,455,746.59
Information Technology
Semiconductors & Semiconductor Equipment
Japan
0.27%
-0.01%
$55,676,724.24
Consumer Staples
Beverages
Japan
0.26%
-0.06%
$55,149,235.23
Industrials & Business Services
Machinery
Japan
0.26%
-0.01%
$54,817,527.90
Information Technology
Electronic Equip, Instr & Cmpts
Taiwan
0.26%
0.00%
$54,735,406.69
Consumer Discretionary
Automobiles
Japan
0.26%
-0.01%
$54,617,241.64
Consumer Discretionary
Internet & Direct Marketing Retail
China
0.26%
-0.03%
$53,725,147.11
Real Estate
Equity Real Estate Investment Trusts (REITs)
Australia
0.25%
-0.01%
$51,823,700.64
Industrials & Business Services
Machinery
Japan
0.24%
-0.03%
$50,205,170.40
Communication Services
Diversified Telecommunication Services
Italy
0.24%
-0.01%
$49,973,562.48
Health Care
Health Care Equipment & Supplies
Switzerland
0.23%
-0.07%
$48,739,868.70
Utilities
Independent Power & Renewable Electricity Producer
Japan
0.23%
-0.04%
$48,703,792.05
Financials
Diversified Financial Services
Japan
0.22%
0.01%
$46,713,220.24
Consumer Staples
Food & Staples Retailing
Japan
0.22%
-0.03%
$46,152,471.42
Health Care
Pharmaceuticals
Japan
0.21%
0.00%
$43,206,469.05
Consumer Discretionary
Textiles, Apparel & Luxury Goods
Hong Kong
0.20%
0.02%
$40,919,245.92
Consumer Discretionary
Auto Components
Japan
0.19%
-0.01%
$38,739,421.15
Utilities
Gas Utilities
China
0.18%
-0.02%
$38,521,545.66
Financials
Banks
United Kingdom
0.18%
-0.05%
$37,265,325.73
Financials
Diversified Financial Services
Australia
0.18%
-0.01%
$36,490,270.81
Financials
Banks
United Kingdom
0.17%
-0.02%
$34,511,337.57
Financials
Insurance
United Kingdom
0.14%
0.01%
$30,046,217.37
Consumer Staples
Personal Products
Japan
0.13%
0.01%
$26,328,762.20
Financials
Capital Markets
Brazil
0.11%
0.01%
$22,010,254.14
Consumer Discretionary
Internet & Direct Marketing Retail
United Kingdom
0.10%
-0.02%
$20,815,905.00
Consumer Discretionary
Internet & Direct Marketing Retail
South Korea
0.08%
N/A
$17,466,495.99
Consumer Discretionary
Textiles, Apparel & Luxury Goods
United Kingdom
0.08%
-0.01%
$17,129,014.30
Materials
Chemicals
Japan
Numbers may not total due to rounding; all numbers are percentages.
Please note that holdings are released 15 days after the period end. From time to time, certain securities held may not be listed. This is done to prevent potential harm to the portfolio while the manager completes a buying or selling program in those securities.
The information shown does not reflect any ETFs that may be held in the portfolio.
T. Rowe Price uses the current MSCI/S&P Global Industry Classification Standard (GICS) for sector and industry reporting. T. Rowe Price will adhere to all future updates to GICS.
Purchases (06/30/2021)
Major Purchases
% of Fund
Previous Quarter Change
Industry
Country
ING Groep
1.00%
0.17%
Banks
Netherlands
Siemens Healthineers
0.72%
0.15%
Health Care Equipment & Supplies
Germany
Dr. Martens (N)
0.08%
0.08%
Textiles, Apparel & Luxury Goods
United Kingdom
Roche Holding
1.81%
0.25%
Pharmaceuticals
Switzerland
Vodafone
0.59%
0.00%
Wireless Telecommunication Services
United Kingdom
United Overseas Bank
0.62%
0.04%
Banks
Singapore
Persimmon
0.55%
0.03%
Household Durables
United Kingdom
Munich Re
1.20%
-0.15%
Insurance
Germany
Kion
0.78%
0.08%
Machinery
Germany
Central Japan Railway
0.43%
0.03%
Road & Rail
Japan
Sales (06/30/2021)
Major Sales
% of Fund
Previous Quarter Change
Industry
Country
Koninklijke Philips
1.20%
-0.61%
Health Care Equipment & Supplies
Netherlands
Novo Nordisk (E)
0.00%
-0.20%
Pharmaceuticals
Denmark
Samsung Electronics
1.53%
-0.18%
Technology Hardware, Storage & Peripherals
South Korea
BNP Paribas
0.76%
-0.12%
Banks
France
Antofagasta
0.58%
-0.21%
Metals & Mining
Chile
L'Oreal
1.06%
0.05%
Personal Products
France
Koninklijke Philips (E)
0.00%
0.00%
Health Care Equipment & Supplies
Netherlands
EssilorLuxottica (E)
0.00%
0.00%
Textiles, Apparel & Luxury Goods
France
(N) New position.
(E) Eliminated.
The information shown does not reflect any ETFs that may be held in the portfolio.
Contributors (06/30/2021)
Contributors
% of Fund
Industry
Country
Nestle
3.02%
Food Products
Switzerland
Roche Holding
1.82%
Pharmaceuticals
Switzerland
ASML Holding
1.53%
Semiconductors & Semiconductor Equipment
Netherlands
AstraZeneca
1.02%
Pharmaceuticals
United Kingdom
L'Oreal
1.07%
Personal Products
France
Toyota Motor
1.38%
Automobiles
Japan
Ashtead
0.82%
Trading Companies & Distributors
United Kingdom
Astellas Pharma
1.28%
Pharmaceuticals
Japan
Zalando
0.82%
Internet & Direct Marketing Retail
Germany
Seven & i Holdings
0.87%
Food & Staples Retailing
Japan
Detractors (06/30/2021)
Detractors
% of Fund
Industry
Country
Koninklijke Philips
1.21%
Health Care Equipment & Supplies
Netherlands
Munich Re
1.21%
Insurance
Germany
Wilmar International
0.54%
Food Products
Singapore
SOFTBANK GROUP CORP
0.39%
Wireless Telecommunication Services
Japan
ASOS
0.79%
Internet & Direct Marketing Retail
United Kingdom
Antofagasta
0.58%
Metals & Mining
Chile
TechnoPro Holdings
0.41%
Professional Services
Japan
Ping An Insurance
0.32%
Insurance
China
Siemens
2.02%
Industrial Conglomerates
Germany
Sony
0.74%
Household Durables
Japan
If fewer than 10 contributors or detractors are shown, those are all of the contributors or detractors for the period.
The information shown does not reflect any ETFs that may be held in the portfolio.
Sector Diversification (08/31/2021)
Sector
% of Fund
% of Benchmark
% Underweight/Overweight
Information Technology
12.75%
9.80%
Financials
18.70%
16.73%
Communication Services
5.83%
4.66%
Materials
7.94%
7.81%
Health Care
12.67%
12.86%
Energy
2.37%
3.04%
Consumer Discretionary
11.88%
12.56%
Consumer Staples
8.91%
10.30%
Real Estate
1.51%
2.97%
Utilities
1.87%
3.45%
Industrials & Business Services
12.73%
15.82%
Benchmark: MSCI EAFE Index
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
T. Rowe Price uses the MSCI/S&P Global Industry Classification Standard (GICS) for sector and industry reporting. T. Rowe Price will adhere to all future updates to GICS for prospective reporting.
Sector Attribution
(06/30/2021)
Sector
Total Value Added %
Value from Sector Weight %
Value from Stock Selection %
Total
-1.30%
0.20%
-1.50%
Utilities
0.15%
0.11%
0.03%
Communication Services
0.09%
-0.04%
0.13%
Energy
0.06%
0.02%
0.05%
Consumer Staples
0.04%
-0.04%
0.08%
Consumer Discretionary
0.01%
-0.00%
0.01%
Health Care
-0.09%
0.05%
-0.14%
Materials
-0.15%
0.01%
-0.17%
Industrials & Business Services
-0.30%
0.04%
-0.34%
Financials
-0.47%
-0.01%
-0.47%
Information Technology
-0.54%
0.11%
-0.65%
Benchmark: MSCI EAFE Index
Numbers may not total due to rounding; all numbers are percentages.
Note: Analysis represents the total performance of the portfolio as calculated by the FactSet attribution model and is inclusive of other assets that that will not receive a classification assignment in the detailed structure shown. Returns will not match official T. Rowe Price performance because FactSet uses different exchange rate sources and does not capture intra-day trading. Performance for each security is obtained in the local currency and, if necessary, is converted to U.S. dollars using an exchange rate determined by an independent third party. Figures are shown with gross dividends reinvested.
Source: Financial data and analytics provider FactSet. Copyright 2019 FactSet. All Rights Reserved. MSCI/S&P GICS Sectors; Analysis by T. Rowe Price Associates, Inc. T. Rowe Price uses the current MSCI/S&P Global Industry Classification Standard (GICS) for sector and industry reporting. T. Rowe Price will adhere to all updates to GICS for prospective reporting. Figures are shown gross of fees. Past Performance cannot guarantee future results.
MSCI index returns are shown with gross dividends reinvested.
Country Diversification (08/31/2021)
Country
% of Fund
% of Benchmark
% Underweight/Overweight
Canada
3.35%
0.00%
Taiwan
2.35%
0.00%
South Korea
2.32%
0.00%
United Kingdom
16.33%
14.17%
United States
1.89%
0.07%
Norway
2.36%
0.62%
China
1.22%
0.03%
Germany
9.98%
9.33%
Chile
0.56%
0.05%
India
0.46%
0.00%
Singapore
1.47%
1.03%
Finland
1.43%
1.09%
Austria
0.42%
0.20%
Brazil
0.19%
0.00%
Poland
0.00%
0.02%
Argentina
0.00%
0.03%
New Zealand
0.00%
0.24%
Ireland
0.44%
0.79%
Belgium
0.53%
0.91%
Israel
0.00%
0.54%
Netherlands
4.37%
5.00%
Italy
1.77%
2.43%
Switzerland
8.99%
9.99%
Sweden
2.19%
3.70%
France
9.54%
11.46%
Spain
0.28%
2.38%
Japan
20.75%
22.99%
Hong Kong
0.51%
3.02%
Denmark
0.00%
2.73%
Australia
3.47%
6.98%
Benchmark: MSCI EAFE Index
A maximum of the 30 largest countries by portfolio rank are displayed and shown in descending order by relative over/underweight.
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
Region Diversification (08/31/2021)
Region
% of Fund
% of Benchmark
% Underweight/Overweight
North America
5.24%
0.07%
Latin America
0.75%
0.07%
Pacific Ex Japan
11.81%
11.30%
Middle East & Africa
0.00%
0.54%
Japan
20.75%
22.99%
Europe
58.62%
65.02%
Benchmark: MSCI EAFE Index
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
Region Attribution (06/30/2021)
Region
Total Value Added %
Value from Sector Weight %
Value from Stock Selection %
Total
-1.30
0.03
-1.34
Japan
0.32
0.19
0.13
Canada
0.01
0.01
0.00
EM EMEA
-0.00
-0.00
0.00
United States
-0.07
0.09
-0.16
Latin America
-0.10
-0.09
-0.01
Pacific ex Japan
-0.32
0.00
-0.33
Developed Europe
-1.09
-0.12
-0.97
Benchmark: MSCI EAFE Index
Numbers may not total due to rounding; all numbers are percentages.
Note: Analysis represents the total performance of the portfolio as calculated by the FactSet attribution model and is inclusive of other assets that that will not receive a classification assignment in the detailed structure shown. Returns will not match official T. Rowe Price performance because FactSet uses different exchange rate sources and does not capture intra-day trading. Performance for each security is obtained in the local currency and, if necessary, is converted to U.S. dollars using an exchange rate determined by an independent third party. Figures are shown with gross dividends reinvested.
Sources: Financial data and analytics provider FactSet. Copyright 2019 FactSet. All Rights Reserved. Analysis by T. Rowe Price Associates, Inc. Figures are shown gross of fees. Past Performance cannot guarantee future results.
MSCI index returns are shown with gross dividends reinvested.
Currency Diversification (08/31/2021)
Currency
% of Fund
% of Benchmark
% Underweight/Overweight
U.S. dollar
8.53%
0.48%
Australian dollar
3.87%
6.98%
Canadian dollar
2.51%
0.00%
New Zealand dollar
0.00%
0.24%
Dollar Bloc
14.92%
7.71%
Benchmark: MSCI EAFE Index
Currency
% of Fund
% of Benchmark
% Underweight/Overweight
euro
28.32%
33.65%
British pound sterling
14.57%
14.26%
Swiss franc
8.99%
9.99%
Norwegian krone
2.36%
0.62%
Swedish krona
2.19%
3.77%
Danish krone
0.00%
2.73%
European Bloc
56.43%
65.02%
Benchmark: MSCI EAFE Index
Currency
% of Fund
% of Benchmark
% Underweight/Overweight
Japanese yen
20.60%
22.99%
New Taiwan dollar
2.36%
0.00%
Korean won
2.22%
0.00%
Hong Kong dollar
1.55%
2.91%
Singapore dollar
1.47%
1.00%
Far East Bloc
28.20%
26.90%
Benchmark: MSCI EAFE Index
Currency
% of Fund
% of Benchmark
% Underweight/Overweight
Indian rupee
0.46%
0.00%
Israeli shekel
0.00%
0.37%
Emerging Markets Bloc
0.46%
0.37%
Benchmark: MSCI EAFE Index
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
Currency Bloc breakdown source: T. Rowe Price
Numbers may not total 100% due to rounding.
Numbers may not total 100% due to rounding.
Numbers may not total 100% due to rounding.
Platforms (Investor Class)
Platform
Retail Investor
Institutional Investor
Pershing
N/A
NTF
TD Ameritrade
NTF
NTF
Schwab
NTF
NTF
Fidelity
NTF
NTF
E*Trade
NTF
N/A
NTFNo Transaction Fee
TFTransaction Fee
N/ANot Available
Calendar Year Performance
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
-10.12%
18.59%
21.75%
-4.49%
-2.56%
2.90%
27.02%
-15.05%
22.91%
9.23%
Fund
-12.14%
17.32%
22.78%
-4.90%
-0.81%
1.00%
25.03%
-13.79%
22.01%
7.82%
Benchmark
2.02%
1.27%
-1.03%
0.41%
-1.75%
1.90%
1.99%
-1.26%
0.90%
1.41%
Value added
Investor Class Inception Date:
12/29/2006
Benchmark:
MSCI EAFE Index Net
Monthly Performance
Fund
Benchmark
Investor Class Inception Date: 12/29/2006
Benchmark: MSCI EAFE Index Net
Distributions (Investor Class)
Period
Dividend From Net Income (USD)
Short-Term Capital Gains (USD)
Long-Term Capital Gains (USD)
Declaration/Record Date
Ex-Dividend Date
Payment Date
Sort Column
2020 Year End
$0.17
-
-
12/15/2020
12/16/2020
12/17/2020
20201217
2019 Year End
$0.24
-
-
12/16/2019
12/17/2019
12/18/2019
20191218
2018 Year End
$0.21
-
$0.10
12/14/2018
12/17/2018
12/18/2018
20181218
2017 Year End
$0.21
-
-
12/15/2017
12/18/2017
12/19/2017
20171219
Future Declarations
Period
Declaration/Record Date
Ex-Dividend Date
Payment Date
Sort Column
2021 Year End
12/15/2021
12/16/2021
12/17/2021
20211217
Financial Professionals
Client liaisons are available Monday-Thursday from 8 a.m. to 6 p.m. ET and Friday from 8 a.m. to 5 p.m. ET.
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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Raymond A. Mills is the portfolio manager of the International Core Equity Strategy in the International Equity Division. Ray also serves on the Investment Advisory Committees of other international equity, asset allocation, and global real estate strategies. He is a member of the International Equity Steering Committee and the Equity Brokerage and Trading Control Committee. Ray also is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Trust Company, and T. Rowe Price International Ltd.