T. Rowe Price International Discovery 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 International Discovery Fund is an actively managed developed international equity fund.
- Asset class
- Equity
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
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 rapidly growing, small- to medium-sized companies outside the U.S.
The fund invests in small- and mid-cap stocks outside the U.S. through bottom-up fundamental research, seeking companies with above-average long-term earnings growth at reasonable valuations; it maintains at least 80% of assets in non-U.S. stocks across at least 10 countries and typically 100 companies, with significant exposure to Asia and developed Europe. Because country allocation is driven largely by individual stock selection rather than a predetermined geographic benchmark, the fund's regional weightings may diverge materially from broad international market indexes.
Portfolio turnover 41.30% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.66% |
| Cash & short-term | 4.30% |
Latest quarter
What changed since the fund's previous filing
Largest new: VINCORION SE, ASMODEE GROUP AB-B, MUNINOVA HOLDINGS INC, UNITED INTEGRATED SERVICES, MOBILE WORLD INVESTMENT CORP, CLARKSON PLC, SUSS MICROTEC SE, TRITAX BIG BOX REIT PLC
Largest exited: ERO COPPER CORP, DPM METALS INC, AIFUL CORP, XIAMEN TUNGSTEN CO LTD, ZEALAND PHARMA A/S, VALMET OYJ, FISCHER (GEORG)-REG, GENUIT GROUP PLC
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 |
|---|---|---|---|---|---|
| +27.30% | +46.36% | +8.85% | 16.84% | -13.09% | |
| +27.51% | +47.06% | +9.71% | 16.85% | -13.06% | |
| +28.88% | +51.91% | +15.76% | 16.86% | -12.82% |
These classes hold the same portfolio, so the 6.91pp spread over 5 years is the cost difference between them — roughly 1.38pp 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 |
|---|---|---|---|---|---|
| — | GRS - SECURITY LENDING COLLATERAL | 3.47% | — | $230.06M | — |
| — | BAWAG GROUP AG | 2.87% | $171.25 | $189.94M | 1.1M |
| MELI | MERCADOLIBRE INCMELI | 1.28% | $1,792.63 | $84.99M | 47.4K |
| — | SPIE SA | 1.24% | $58.02 | $81.85M | 1.4M |
| — | TGS ASA | 1.20% | $16.26 | $79.59M | 4.9M |
| — | SUBSEA 7 SA | 1.03% | $36.02 | $68.40M | 1.9M |
| — | SPIRAX GROUP PLC | 0.96% | $97.60 | $63.95M | 655.2K |
| — | VIRBAC SA | 0.91% | $436.80 | $60.38M | 138.2K |
| TRPGRIA | T. Rowe Price Government Reserve FundTRPGRIA | 0.83% | — | $54.99M | — |
| — | MONTANA AEROSPACE AG | 0.83% | $26.29 | $54.90M | 2.1M |
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 14.62% of net assets, top 25 25.88%, across 241 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