T. Rowe Price Emerging Markets Stock Fund
T. ROWE PRICE INTERNATIONAL FUNDS, INC. · 3 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
T. Rowe Price Emerging Markets Stock Fund is an actively managed emerging-markets equity fund.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2025 Q4
The fund seeks long-term growth of capital through investments primarily in the common stocks of companies located (or with primary operations) in emerging markets.
The fund invests at least 80% of assets in common stocks of companies in emerging markets across Asia, Latin America, Europe, Africa, and the Middle East, using bottom-up fundamental research to identify high-quality companies trading at reasonable valuations relative to earnings or cash flow. Because security selection drives country allocation, the fund may accumulate significant exposure to particular markets or sectors, including potentially large positions in Asia and China.
Portfolio turnover 70.20% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 97.27% |
| Cash & short-term | 2.25% |
Latest quarter
What changed since the fund's previous filing
Largest new: ZHONGJI INNOLIGHT CO LTD, MAHINDRA & MAHINDRA LTD, HENGYI PETROCHEMICAL CO LTD, POLYCAB INDIA LTD, MR PRICE GROUP LTD, CPNG, CHIFENG JILONG GOLD MINING-H, JIANGXI COPPER COMPANY LTD-H SHS
Exited: RELIANCE INDUSTRIES LIMITED, CMOC GROUP LTD-H SHS, LARSEN & TOUBRO LTD, OMNIVISION INTEGRATED CIRCUITS GROUP INC, COFORGE LIMITED, ABU DHABI COMMERCIAL BANK, JERONIMO MARTINS
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +49.90% | +50.62% | +4.69% | 20.34% | -14.30% | |
| +50.28% | +51.69% | +5.79% | 20.34% | -14.28% | |
| +51.79% | +56.25% | +11.21% | 20.35% | -14.06% |
These classes hold the same portfolio, so the 6.51pp spread over 5 years is the cost difference between them — roughly 1.30pp a year — not a difference in what they own.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | TAIWAN SEMICONDUCTOR MANUFAC | 14.93% | $69.42 | $991.91M | 14.3M |
| — | SAMSUNG ELECTRONICS CO LTD | 8.85% | $150.59 | $588.06M | 3.9M |
| — | SK HYNIX INC | 6.20% | $891.77 | $411.82M | 461.8K |
| — | TENCENT HOLDINGS LTD | 4.26% | $60.73 | $283.37M | 4.7M |
| — | ALIBABA GROUP HOLDING LTD | 2.50% | $16.48 | $166.10M | 10.1M |
| — | UNIMICRON TECHNOLOGY CORP | 2.42% | $28.40 | $160.88M | 5.7M |
| TRPGRIA | T. Rowe Price Government Reserve FundTRPGRIA | 2.25% | — | $149.87M | — |
| — | DELTA ELECTRONICS INC | 2.20% | $70.13 | $146.07M | 2.1M |
| — | HON HAI PRECISION INDUSTRY | 1.81% | $7.07 | $120.40M | 17.0M |
| — | ICICI BANK LTD | 1.60% | $13.42 | $106.57M | 7.9M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 47.03% of net assets, top 25 64.62%, across 83 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free