T. Rowe Price replaced the lead manager of this strategy in July 2024, appointing Hiroshi Watanabe, who has a strong track record in Japanese mid- and small-cap equities but remains untested in large caps. Recent analyst turnover adds a degree of uncertainty, and we, therefore, maintain the People Pillar rating at Average. Watanabe has largely continued the previous investment philosophy while introducing notable changes to the portfolio’s positioning. Given the leadership transition, process adjustments, and portfolio changes, we maintain the Process Pillar rating at Average.
T. Rowe Price Japan Fund PRJPX
- NAV / 1-Day Return 14.84 / −0.87 %
- Total Assets 314.2M
-
Adj. Expense Ratio
1.140%
- Expense Ratio 1.140%
- Distribution Fee Level Below Average
- Share Class Type No Load
- Category Japan Stock
- Investment Style Large Blend
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 2.24%
- Turnover 42%
USD | NAV as of Jun 10, 2026 | 1-Day Return as of Jun 10, 2026, 12:11 AM GMT+0
Morningstar’s Analysis PRJPX
Will PRJPX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the PRJPX 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 PRJPX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 34.0
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Mitsubishi UFJ Financial Group Inc | 5.36 | 17M | Financial Services |
Recruit Holdings Co Ltd | 4.08 | 13M | Communication Services |
Toyota Motor Corp | 3.70 | 12M | Consumer Cyclical |
ORIX Corp | 3.43 | 11M | Financial Services |
Renesas Electronics Corp | 3.23 | 10M | Technology |
Sumitomo Corp | 3.00 | 10M | Industrials |
MS&AD Insurance Group Holdings Inc | 2.98 | 10M | Financial Services |
Resona Holdings Inc | 2.85 | 9M | Financial Services |
Sony Group Corp | 2.69 | 9M | Technology |
Hitachi Ltd | 2.64 | 9M | Industrials |
United States