Morningstar

T. Rowe Price New Asia Fund PRASX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $25.22  /  −1.52 %
  • Fund Size $2.3B
  • Adjusted Expense Ratio 1.030%
  • Net Expense Ratio 1.030%
  • Fee Level: Distribution Below Average
  • Share Class Type No Load
  • Morningstar Category Pacific/Asia ex-Japan Stk
  • Equity Style Box (Funds) Large Growth
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 0.50%
  • Turnover Ratio 53%
NAV and 1-Day Return as of

Morningstar’s Analysis PRASX

Will PRASX outperform in the 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 PRASX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PRASX 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 PRASX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Inexperienced successor and team instability temper our conviction.

Principal Claire Liang

Claire Liang

Principal

Summary

The strategy is undergoing a leadership transition. Long-tenured portfolio manager Anh Lu will retire on June 30, 2026. She will be succeeded by an in-house investor, Jai Kapadia, who will join as comanager on April 1, 2026, before assuming sole portfolio manager responsibility in July. Kapadia lacks experience running a diversified Asian equity strategy, and our confidence in his ability to steer the strategy effectively in a highly competitive category is limited. Ongoing team instability and a weakened investment bench further add to our concerns. The strategy earns a Below Average People rating and an Average Process rating.

by Claire Liang
Rated on Published on

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Portfolio Holdings PRASX

More PRASX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 51.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd

18.85 457M
Technology

Samsung Electronics Co Ltd

10.34 251M
Technology

SK hynix Inc

6.70 163M
Technology

MediaTek Inc

2.79 68M
Technology

Alibaba Group Holding Ltd Ordinary Shares

2.69 65M
Consumer Cyclical

DBS Group Holdings Ltd

2.45 59M
Financial Services

Tencent Holdings Ltd

2.17 53M
Communication Services

ICICI Bank Ltd

2.15 52M
Financial Services

Delta Electronics Inc

1.94 47M
Technology

KB Financial Group Inc

1.74 42M
Financial Services

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