Morningstar

T. Rowe Price New Asia Fund I Class PNSIX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $23.44  /  +0.34 %
  • Fund Size $2.1B
  • Adjusted Expense Ratio 0.830%
  • Net Expense Ratio 0.830%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Pacific/Asia ex-Japan Stk
  • Equity Style Box (Funds) Large Growth
  • Minimum Initial Investment $500,000
  • Investment Status Open
  • TTM Yield 0.61%
  • Turnover Ratio 53%
NAV and 1-Day Return as of

Morningstar’s Analysis PNSIX

Will PNSIX 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 PNSIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PNSIX 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 PNSIX’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 PNSIX

More PNSIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 53.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd

19.11 462M
Technology

Samsung Electronics Co Ltd

10.35 250M
Technology

SK hynix Inc

7.04 170M
Technology

MediaTek Inc

3.60 87M
Technology

Alibaba Group Holding Ltd Ordinary Shares

2.52 61M
Consumer Cyclical

DBS Group Holdings Ltd

2.45 59M
Financial Services

ASE Technology Holding Co Ltd

2.07 50M
Technology

China Construction Bank Corp Class H

2.02 49M
Financial Services

Delta Electronics Inc

1.99 48M
Technology

Unimicron Technology Corp

1.93 47M
Technology

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