Morningstar

T. Rowe Price Japan Fund I Class RJAIX

Morningstar Medalist Rating
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Medalist Rating as of See T. Rowe Price Investment Hub
  • NAV / 1-Day Return $16.21  /  −0.55 %
  • Fund Size $308.3M
  • Adjusted Expense Ratio 0.830%
  • Net Expense Ratio 0.830%
  • Fee Level: Distribution Above Average
  • Share Class Type Institutional
  • Morningstar Category Japan Stock
  • Equity Style Box (Funds) Large Blend
  • Minimum Initial Investment $500,000
  • Investment Status Open
  • TTM Yield 2.46%
  • Turnover Ratio 42%
NAV and 1-Day Return as of

Morningstar’s Analysis RJAIX

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

  • People Pillar

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

New lead manager shows promise, but capabilities in large caps remain untested.

Senior Analyst Ronald van Genderen

Ronald van Genderen

Senior Analyst

Summary

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.

by Ronald van Genderen
Rated on Published on

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Portfolio Holdings RJAIX

More RJAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 35.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Mitsubishi UFJ Financial Group Inc

6.19 20M
Financial Services

Recruit Holdings Co Ltd

5.55 18M
Communication Services

Sony Group Corp

3.42 11M
Technology

Resona Holdings Inc

3.29 10M
Financial Services

Sumitomo Corp

3.20 10M
Industrials

MS&AD Insurance Group Holdings Inc

3.19 10M
Financial Services

Toyota Motor Corp

3.14 10M
Consumer Cyclical

Hitachi Ltd

2.61 8M
Industrials

Tohoku Electric Power Co Inc

2.55 8M
Utilities

ORIX Corp

2.46 8M
Financial Services

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