T. Rowe Price New Asia Fund
Actively managed emerging-markets stock fund
As of its 2026 Q2 report, T. Rowe Price New Asia Fund held 72 positions with $2.42B in net assets. Its ten largest holdings made up 53.5% of the fund. Over the 12 months to May 2026, PRASX returned 51.9%, with dividends reinvested. In 2026 Q3 it added 22 new positions and exited 20.
The fund seeks long-term growth of capital through investments primarily in the common stocks of companies located (or with primary operations) in Asia (excluding Japan).
The fund invests at least 80% of assets in common stocks of Asian companies outside Japan, selected through bottom-up fundamental research focused on companies with strong market positions, seasoned management, and stable or improving earnings and cash flow. The adviser seeks stocks at reasonable valuations relative to earnings or book value, with country allocation driven primarily by stock selection rather than a predetermined regional weighting. As a nondiversified fund, it may concentrate a greater percentage of assets in particular issuers than a diversified fund would permit, and may hold substantial positions in a single economic sector such as information technology.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
TAIWAN SEMICONDUCTOR MANUFAC | 18.45% | $446.84M | 6.4M | $69.42 |
SAMSUNG ELECTRONICS CO LTD | 9.16% | $222.01M | 1.5M | $150.59 |
SK HYNIX INC | 5.42% | $131.30M | 147.2K | $891.77 |
TENCENT HOLDINGS LTD | 5.14% | $124.59M | 2.1M | $60.73 |
ALIBABA GROUP HOLDING LTD | 3.79% | $91.78M | 5.6M | $16.48 |
DELTA ELECTRONICS INC | 3.60% | $87.17M | 1.2M | $70.13 |
DBS GROUP HOLDINGS LTD | 2.55% | $61.77M | 1.3M | $46.11 |
BHARTI AIRTEL LTD | 2.00% | $48.49M | 2.4M | $19.99 |
CONTEMPORARY AMPEREX TECHNOLOGY CO LTD | 1.70% | $41.05M | 639.4K | $64.20 |
HON HAI PRECISION INDUSTRY | 1.67% | $40.53M | 5.7M | $7.07 |
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.
All 72 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.89% |
| Cash & short-term | 0.72% |
How it has done
PRASX share class · total returns with dividends reinvested
Volatility over the last 12 months: 22.01%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 3 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| — | +51.89% | +72.81% | +19.12% | -13.43% | |
| — | +52.14% | +73.72% | +20.12% | -13.41% | |
| — | +53.40% | +78.07% | +25.20% | -13.23% |
These classes hold the same portfolio, so the 6.08pp spread over 5 years is the cost difference between them — roughly 1.22pp a year — not a difference in what they own.
Fees & fund details
T. Rowe Price New Asia 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
- Portfolio turnover
- 52.90% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
22 new· the largest 8
20 exited· the largest 8
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.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
Understand how this fund fits with the rest.
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