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Financial Intermediaries / Mutual Funds / Overseas Stock Fund (TROSX)
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Overseas Stock Fund

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.

TROSXCUSIP 77956H757
Factsheet
Fund Story Prospectus
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Morningstar (Category)

Morningstar
(Overall Rating)1

Foreign Large Blend
  (618 funds)

Data as of 04/30/2019

Data as of 04/30/2019

Fund Manager Tenure2

Net Assets3
(USD)

12yrs
$17.4b

Data as of 04/30/2019

Data as of 04/30/2019

Price
(USD)

Daily Price Change

$10.00
$+0.10

Data as of 05/24/2019

Data as of 05/24/2019

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™.

References

Raymond A. Mills
Raymond A. Mills, Portfolio Manager

Raymond A. Mills is the portfolio manager of the T. Rowe Price International Core Equity Strategy. Mr. Mills also serves on the Investment Advisory Committees for 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. Mr. Mills is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

View more

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 fund seeks long-term growth of capital through investments in the common stocks of non-U.S. companies.

Morningstar Equity Style

Large Value

Data as of 04/30/2019

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 (Foreign Large Blend)
Overall 618
3 Years 618
5 Years 496
10 Years 365

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
-6.40%
Benchmark
-3.71%
Value
-2.69% -1.77%

Data as of 03/31/2019

3 YR
7.34%
Benchmark
7.27%
Value
0.07% 0.72%
5 YR
2.62%
Benchmark
2.33%
Value
0.29% 0.43%
10 YR
9.77%
Benchmark
8.96%
Value
0.81% 0.93%

Expense Ratio

Gross
0.81%
Net
0.81%

Benchmark: MSCI EAFE Index Net

Fund Inception: 12/29/2006

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
7.53%
Benchmark
9.69%
Value
-2.16%

Data as of 05/24/2019

Monthly YTD
13.33%
Benchmark
13.07%
Value
0.26%

Data as of 04/30/2019

One Month
3.13%
Benchmark
2.81%
Value
0.32%
Three Months
5.72%
Benchmark
6.10%
Value
-0.38%

Benchmark: MSCI EAFE Index Net

Fund Inception: 12/29/2006

Asset Allocation

Net Assets
(USD)
$17.4b
Largest Global ex-US Stock 94.79% $16.5b
Other View complete Asset Allocation

Data as of 04/30/2019

Holdings

Total
Holdings
160
Largest Holding Nestle 3.04% Was (12/31/2018) 2.93%
Other View complete Full Holdings
Top 10 Holdings 18.10% View the latest Top 10 Holdings
12-Month Portfolio Turnover 10.9% Data as of 04/30/2019

Data as of 03/31/2019

Largest Contributor

Nestle
3.04%

Largest Detractor

Bayer
1.10%

Data as of 03/31/2019

Purchase

Takeda Pharmaceutical (N)
0.28%
Was 0.00%

Sale

Nordea Bank Abp
0.38%
Was 0.93%

Data as of 03/31/2019

Sectors

Total
Sectors
11
Largest Sector Financials 23.13% Was (03/31/2019) 22.40%
Other View complete Sector Diversification

Data as of 04/30/2019

Benchmark: MSCI EAFE Index

Contributor

Financials
By 0.45%
Sector -0.10%
Selection 0.54%

Detractor

Industrials & Business Services
By -0.15%
Sector -0.02%
Selection -0.13%

Data as of 03/31/2019

Over

Financials
By 3.74%
Fund 23.13%
Benchmark 19.39%

Under

Industrials & Business Services
By -3.91%
Fund 10.76%
Benchmark 14.68%

Data as of 04/30/2019

MSCI index returns are shown with gross dividends reinvested.

Regions

Total
Regions
5
Largest Region Europe 56.47% Was (03/31/2019) 55.89%
Other View complete Region Diversification

Data as of 04/30/2019

Benchmark: MSCI EAFE Index

Contributor

Japan
By 0.34%
Region 0.13%
Selection 0.21%

Detractor

Developed Europe
By -0.61%
Region -0.05%
Selection -0.56%

Data as of 03/31/2019

Over

North America
By 3.90%
Fund 3.94%
Benchmark 0.04%

Under

Europe
By -6.64%
Fund 56.47%
Benchmark 63.10%

Data as of 04/30/2019

Countries

Total
Countries
24
Largest Country Japan 20.11% Was (03/31/2019) 19.95%
Other View complete Country Diversification

Data as of 04/30/2019

Benchmark: MSCI EAFE Index

Over

China
By 3.25%
Fund 3.30%
Benchmark 0.05%

Under

Japan
By -3.61%
Fund 20.11%
Benchmark 23.71%

Data as of 04/30/2019

Currency

Total
Currencies
15
Largest Currency euro 24.30% Was (03/31/2019) 24.15%
Other View complete Currency Diversification

Data as of 04/30/2019

Benchmark: MSCI EAFE Index

Over

U.S. dollar
By 9.46%
Fund 10.42%
Benchmark 0.96%

Under

euro
By -7.67%
Fund 24.30%
Benchmark 31.97%

Data as of 04/30/2019

Team (As of )

Raymond A. Mills

Raymond A. Mills
Portfolio Manager

Raymond A. Mills is the portfolio manager of the T. Rowe Price International Core Equity Strategy. Mr. Mills also serves on the Investment Advisory Committees for 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. Mr. Mills is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

  • Fund manager
    since 2006
  • Years at
    T. Rowe Price 21
  • Years investment
    experience 21
Jason A. White

Jason A. White
Portfolio Specialist

Jason A. White is a portfolio specialist in the Equity Division of T. Rowe Price. 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. Mr. White is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

  • Years at
    T. Rowe Price 14
  • Years investment
    experience 17

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 77956H757		 $2,500 $100 0.00% 0.81% 0.81% N/A N/A
Advisor Class
Cusip 77956H443		 $2,500 $100 0.25% 1.10% 1.10% N/A
 N/A
I Class
Cusip 77956H435		 $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

© 2019 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.

Effective July 1, 2018, the "net" version of the benchmark replaced the "gross" version of the benchmark.  The "net" version of the benchmark assumes the reinvestment of dividends after the deduction of withholding taxes.

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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