by Cynthia Wilson | June 14, 2011 8:18 am
Here are the specifics for the T. Rowe Price International Discovery Fund for today’s mutual fund spotlight:
Investing Strategy: The T. Rowe Price International Discovery Fund invests substantially all of its assets in foreign based issuers. It seeks diversity by investing in securities in at least 10 different countries and in 100 different small and mid-sized companies. Nearly 96% of the assets are stocks, with the remainder held in cash.
Expense Ratio: With a 1.24 expense ratio and no transaction fee, the T. Rowe Price International Discovery Fund is cheap when compared with other funds in the category and it has a Morningstar rating of four stars.
Top 5 Holdings: The top five stocks in the T. Rowe Price International Discovery Fund include Reserve Invt-SBI at 4.15%, German chemical distributor Brenntag AG (ETR: BNR) at 1.14%, Thailand hospital-chain operator Bangkok Dusit Medical Services Public Co Ltd at 1.12%, German leasing company GrenkeLeasing AG (NYSE: GLJ) at 1.07%, and German electronic payment and risk management provider Wirecard AG (ETR: WDI) at 1.01%.
Returns: The fund’s 12-month return of 29.4% outperformed the Dow Jones Industrial Average’s return of 17% return during the period and the S&P 500’s return of 16.4%. However, its 5-year return of 3.4% underperformed the Dow’ Jones’ 9.7% return and the S&P 500’s return of 1.5%.
Other Fund Statistics
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