Morningstar

T. Rowe Price Latin America Fund I Class RLAIX

Morningstar Medalist Rating
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Medalist Rating as of See T. Rowe Price Investment Hub
  • NAV / 1-Day Return $27.40  /  −0.62 %
  • Fund Size $490.5M
  • Adjusted Expense Ratio 1.080%
  • Net Expense Ratio 1.080%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Focused Region
  • Equity Style Box (Funds) Large Blend
  • Minimum Initial Investment $500,000
  • Investment Status Open
  • TTM Yield 3.38%
  • Turnover Ratio 34%
NAV and 1-Day Return as of

Morningstar’s Analysis RLAIX

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

  • People Pillar

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

Leadership change tempers team view, but process strength remains.

Senior Analyst Kongkon Gogoi

Kongkon Gogoi

Senior Analyst

Summary

T. Rowe Price Latin America remains a solid strategy, though the retirement of longtime manager Verena Wachnitz has reduced our conviction in the team supporting it. The strategy, which includes a separately managed account as well as a mutual fund, still stands out in a relatively limited opportunity set, but the change in leadership makes the team less proven than before.

by Kongkon Gogoi
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Portfolio Holdings RLAIX

More RLAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 51.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Itau Unibanco Holding SA

10.29 45M
Financial Services

Grupo Mexico SAB de CV Class B

6.86 30M
Basic Materials

Petroleo Brasileiro SA Petrobras ADR

5.48 24M
Energy

Petroleo Brasileiro SA Petrobras ADR

5.26 23M
Energy

Nu Holdings Ltd Ordinary Shares Class A

5.17 23M
Financial Services

Credicorp Ltd

4.33 19M
Financial Services

Vale SA ADR

4.04 18M
Basic Materials

Banco BTG Pactual S.A. Units Cons of 1 Sh ' 2 Pfd Shs -A-

3.93 17M
Financial Services

Fomento Economico Mexicano SAB de CV ADR

3.24 14M
Consumer Defensive

Weg SA

3.11 14M
Industrials

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