(PUB) Morningstar FundInvestor
6
Data through June 30, 2013 T. Rowe Price Emerging Markets Stock
Ticker
Status Yield Total Assets
Mstar Category
PRMSX Open
0.5% $7,360 mil
Diversified Emerging Mkts
Morningstar Analyst Rating 06-27-13
Investment Style Equity Stock %
Historical Profile Return Risk Rating Average Above Avg Below Avg
90% 94% 95% 97% 99% 97% 97% 97% 96%
´
Manager Change Partial Manager Change
17.0 24.0 33.8 46.4
Morningstar Pillars Process Performance
Growth of $10,000
Neutral Neutral Positive Positive Positive
¶ ¶
Investment Values of Fund Investment Values of MSCI EAFE
People Parent Price
10.0
NAV Total Return % +/-MSCI EAFE +/-MSCI Emg Mkt Income Return % Capital Return % Total Rtn % Rank Cat Performance Quartile (within Category) History
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 06-13
Morningstar Analyst Rating Morningstar evaluates mutual funds based on five key pillars, which its analysts believe lead to funds that are more likely to outperform over the long term on a risk-adjusted basis. Analyst Rating Spectrum Œ „ ´ˇ ¨
10.22 -4.92 11.02 1.25 0.19 -5.11
15.47 52.30 13.71 -3.52
19.41 26.98
25.68 38.77 25.23
32.41 32.01 5.67 -0.13 0.93 31.08
42.92
16.34
30.09 85.07 53.29
35.28
28.51
34.06 20.03
30.94 -9.16 0.41 0.00 -9.16
-60.54 42.92 -17.16 31.75
-18.84 18.75
6.73 1.43 0.26
11.00 -0.13
-6.70 -0.42 0.34
-13.26 2.71
4.77 0.93
3.50 0.93
-7.21 1.42
6.56 0.92
1.81 0.56
0.88
0.33
51.42
26.72
37.84
-61.96 41.99
84.15
-19.18 18.42
19.47
40
60
21
14
51
15
92
15
44
45
33
59
Pillar Spectrum Positive
0.02 0.00 1.51 0.41
0.09 0.00 1.43 1.12
0.04 0.18 1.33 1.08
0.18 1.05 1.27 1.23
0.24 1.20 1.25 0.87
0.30 2.95 1.20 1.13
0.61 0.00 1.24 2.19
0.15 0.00 1.32 0.79
0.10 0.34 1.27 0.37
0.12 0.00 1.26 0.65
0.16 0.00 1.27 0.55
0.00 0.00
Income $
§ Negative
¶ Neutral
Capital Gains $ Expense Ratio % Income Ratio % Turnover Rate % Net Assets $mil
. . .
Performance 06-30-13 1st Qtr 2nd Qtr
3rd Qtr
4th Qtr
Total
70
66
70
53
49
44
31
37
27
19
24
2009 2010 2011 2012 2013
-1.04 42.05 21.72 8.16 85.07 3.09 -9.32 19.55 6.25 18.75 0.71 -0.42 -23.04 5.15 -18.84 12.70 -7.44 8.37 6.18 20.03 -2.29 -7.03 . . .
170
439
753
1,554
2,627
4,761
2,340
4,685
5,475
5,588
7,090
7,360
Portfolio Analysis 03-31-13 Share change since 12-12 Total Stocks:108 Sector
Rating and Risk Time Load-Adj
Country
% Assets
Morningstar
Morningstar Risk vs Cat
Morningstar Risk-Adj Rating
Period Return % Rtn vs Cat
Samsung Electronics Co L T. Rowe Price Reserve In Taiwan Semiconductor Man Wal - Mart de Mexico, S. Itau Unibanco Holding S. Sberbank Of Russia ADR LG Household & Health Ca OJSC Magnit GDR Shoprite Holdings Ltd Kasikornbank Public Comp Housing Development Fina Beijing Enterprises Hold Uni-President Enterprise CNOOC, Ltd. Lojas Renner S.A.
Technology Korea
4.84 3.55 2.42 2.32 2.26 2.20 2.17 1.99 1.99 1.87 1.86 1.75 1.67 1.63 1.62 1.62 1.60 1.55 1.52 1.45
1 Yr 3 Yr 5 Yr
4.53 3.97 -2.24 13.13
Trailing
Total +/- MSCI
+/- MSCI
%Rank Growth of
United States
.
Return% EAFE Emg Mkt
Cat
$10,000
Avg Avg Avg
Avg
Technology Taiwan
3 Mo 6 Mo 1 Yr
-7.03 -6.05 -9.16 -13.26 4.53 -14.09 3.97 -6.07 -2.24 -1.61 13.13 5.46 9.84 6.21
1.05 0.41 1.66 0.59 -1.81 -0.53
37 9,297 59 9,084 37 10,453 50 11,239 64 8,929 43 34,338 38 40,870
+Avg +Avg
Cnsmr Def
Mexico
10 Yr Incept
Finan Svs Brazil Cnsmr Cyc Brazil Finan Svs Russia
8.15
3 Yr Avg 5 Yr Avg 10 Yr Avg 15 Yr Avg
Other Measures
Standard Index
Best Fit Index MSCI Emg Mkt
Cnsmr Def Cnsmr Def
Korea Russia
MSCI EAFE
Alpha
-4.9 0.97
0.7
Cnsmr Cyc South Africa
.
Beta
0.97
Energy
China
R-Squared
75
97
Tax Analysis Tax-Adj Rtn% %Rank Cat Tax-Cost Rat %Rank Cat 3 Yr (estimated) 5 Yr (estimated) 10 Yr (estimated) 3.71 40 0.25 38 -2.66 59 0.43 37 12.43 30 0.62 21 Potential Capital Gain Exposure: 5% of assets Morningstar’s Take by William Samuel Rocco 06-27-13 Investors seeking a developing-world vehicle should check out T. Rowe Price Emerging Markets Stock. A fine team is behind the wheel here. Lead manager Gonzalo Pangaro worked on this fund for more than one decade and earned good results managing T. Rowe Price Latin America PRLAX before he took over here in April 2009. Mark Edwards, who isn’t an official comanager but who co-heads T. Rowe Price’s global emerging-markets team and co-runs the fund with Pangaro, is a seasoned and skilled Asia expert. And the duo have a strong support squad, which includes 27 equity analysts as well as the managers of the firm’s four regional emerging-markets funds and the former skipper of this fund. Pangaro and Edwards employ a sound, growth-oriented strategy that has a nice mix of tamer and bolder traits. On the reserved side, they take a price-conscious approach, favor large caps, and pay ample attention to issue diversification as they pursue attractive growers. On the bolder side, though they avoid extreme bets--and aren’t quite as aggressive as
Finan Svs Thailand Finan Svs India
Standard Deviation
20.51
Industrl
China Taiwan
Mean
3.97 0.29
Cnsmr Def Cnsmr Def
Sharpe Ratio
SABMiller PLC
U.K.
Bank Of China Ltd. H Sha Bank Bradesco Pfd Shs
Finan Svs China Finan Svs Brazil Finan Svs Hong Kong Cnsmr Cyc Korea
AIA Group Ltd.
their predecessors- they are willing to build oversized positions in countries and sectors that have lots of stocks that meet their standards. Pangaro and Edwards have earned pretty good results with this strategy so far. The fund has earned a 15.9% annualized return from their April 1, 2009, arrival through June 25, 2013, while the typical diversified emerging-markets fund has posted a 14.2% annualized gain and the MSCI Emerging Markets Index is up an annualized 13.8% over the period. The fund has generally fared well in rallies on their watch, and though it has posted mixed results in sell-offs, it has suffered rather average volatility overall. All this bodes well for the long run, as does the fact that the fund has a cost edge over most of its rivals. Interested investors should be sure that they have long time horizons, though, and that they understand that Pangaro and Edwards’ willingness to load up on countries and sectors courts risk--even if it has not caused big problems so far.
Hyundai Motor Co Ltd
Current Investment Style
Sector Weightings
% of Stocks
Rel MSCI
3 Year Low
EAFE High
Market Cap % Giant 46.8 Large 39.6 Mid 13.6 Small 0.0 Micro 0.0 Avg $mil: 20,143
Value Blnd Growth
Cyclical 51.07 BasicMat 5.71 CnsmrCyc15.29 FinanSvs 27.21 Real Est 2.86 Sensitive 30.03 CommSrvs 2.54 Energy 6.47 Technlgy 13.83 Defensive18.90 CnsmrDef18.09 Hlthcare 0.00 Utilities 0.81 Industrl 7.19
.
h r t y u j i o p a k s d f
Large Mid Small
. 16 6 . 16 11 . 28 24
3 1
. . .
4 3
. 11 6
Growth Measures Long-Term Erngs Book Value Sales Cash Flow Historical Erngs Price/Cash Flow Dividend Yield % Value Measures Price/Earnings Price/Book Price/Sales
Rel Category
13.46 12.84 13.72 27.37 15.15 13.20 2.02 1.42 4.25 1.90
1.02 1.64 1.86 2.39 1.51 1.12 1.15 1.33 0.78 0.67
7 5
.
. 16 12
.
. 18 11
1 0 1 0
. .
% Rel Category
Regional Exposure UK/W. Europe 5 Japan 0 Asia X Japan 58
% Stock
N. America 0 Latn America 20 Other 17
Address:
100 East Pratt Street Baltimore, MD 21202 800-638-5660 www.troweprice.com
Minimum Purchase: Min Auto Inv Plan:
$2500 $2500
Add: $100 IRA: $1000
Add: $100
Sales Fees:
No-load, 2.00%R 0.75%, 0.15%A
Composition - Net
Web Address: Inception: Advisor: Subadvisor: NTF Plans:
Management Fee:
Country Exposure
% Stock
Cash
3.6
Bonds Other
0.0 0.0
03-31-95
Actual Fees:
Mgt:1.05% Dist: .
China Brazil
19
India
9 7
T. Rowe Price Associates, Inc. T. Rowe Price International Limited
Expense Projections: Income Distribution:
3Yr:$403 Annually
5Yr:$697 10Yr:$1534
Stocks
96.5
13 South Korea 11
Taiwan
Foreign
100.0
(% of Stock)
N/A
Mutual Funds ß ®
© 2013Morningstar, Inc.All rights reserved. The information herein is not representedorwarranted to be accurate, correct, complete or timely.Past performance isnoguaranteeof future results.Accessupdated reportsat Toorder reprints, call312-696-6100. mfb.morningstar.com.
EQ
Made with FlippingBook