This strategy, which includes T. Rowe Price Emerging Markets Stock, its two U.S.-sold institutional and CIT versions, and its UCITS twin, is going through a manager transition. Its longtime skipper Gonzalo Pangaro will retire in January 2022. It's a loss, but the two new managers have good credentials to take up the torch and vast research resources to rely on. The strategy earns Above Average People and Process ratings. Institutional share classes on the different funds receive a Morningstar Analyst Rating of Silver. Retail classes land at Bronze or Neutral depending on their fee level.
T. Rowe Price Emerging Markets Stock PRMSX
NAV / 1-Day Return
37.01
/
2.29
%
Total Assets
8.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.210%
Expense Ratio
1.110%
Fee Level
Average
Longest Manager Tenure
1.23
years
Category
Diversified Emerging Mkts
Investment Style
Large GrowthMin. Initial Investment
2,500
Status
Limited
TTM Yield
0.80%
Turnover
27%
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PRMSX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRMSX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PRMSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PRMSX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A leadership transition well carried out.
