Dow Up0.07% Nasdaq Up0.61%

T. Rowe Price Latin America (PRLAX)

29.47 Up 0.20(0.68%) Nov 26

Profile as of Oct 30, 2014Get Profile for:
T. Rowe Price Latin America
100 East Pratt StreetBaltimore MD 21202
Map
Phone: 800-638-5660
Fund Overview 
Category:Latin America Stock
Fund Family:T. Rowe Price
Net Assets:927.22M
Year-to-Date Return:0.03%
Yield:1.85%
Morningstar Rating:1 stars
Fund Inception Date:Dec 29, 1993
Morningstar Style Box 
Latin America Stock
[View Category Definition]
View Top Latin America Stock Funds
About the Morningstar Style Box
Management Information 
Gonzalo Pangaro
Lead Manager since Mar 26, 2014
Gonzalo Pangaro is the lead portfolio manager for the firm’s Emerging Markets Equity Strategy and is chairman of the strategy’s Investment Advisory Committee. Mr. Pangaro assumed portfolio management responsibilities in 2004. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd and a member of the International Equity Steering Committee. Mr. Pangaro has 21 years of investment experience, all of which have been in the emerging markets. He joined the firm in 1998 as an analyst covering Latin American equities from Buenos Aires. During his tenure, he has been instrumental in the development of the firm’s non-US research capabilities and served as head of International Research from 2000 to 2004 before electing to move to portfolio management full time. Prior to joining T. Rowe Price, Mr. Pangaro was head of Argentine research, also covering Latin American utilities, at Robert Fleming. He began his investment career in 1991 at Banco Mildesa in Buenos Aires, where he was an investment analyst specializing in the Argentine market. A graduate of Argentine Catholic University with a bachelor’s degree in business administration, Mr. Pangaro earned a master’s degree in finance from CEMA University (Centro de Estudios Macroeconomics de la Argentina). Mr. Pangaro has earned the Chartered Financial Analyst designation. In addition to English, Mr. Pangaro is fluent in Spanish and Portuguese.
Investment Information 
Min Initial Investment:2,500
Min Initial Investment, IRA:1,000
Min Initial Investment, AIP:2,500
Min Subsequent Investment:100
Min Subsequent Investment, IRA:100
Min Subsequent Investment, AIP:100
PRLAX can be purchased from 103 brokerages.

Fund Summary 
The investment seeks long-term growth of capital through investments primarily in the common stocks of companies located (or with primary operations) in Latin America. The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in Latin American companies. Under normal conditions, at least four countries will be represented in the fund's portfolio. The fund may purchase the stocks of companies of any size. While the fund invests with an awareness of the outlook for industry sectors and individual countries within the region, bottom-up stock selection is the focus of the decision-making. It is non-diversified.

Fund Operations 
Last Dividend (Dec 16, 2013) : 0.58
Last Cap Gain : 0.00
Annual Holdings Turnover (Nov 25, 2014) : 13.20%
Average for Category:25.84%
Fees & Expenses 
ExpensePRLAXCategory Avg
Annual Report Expense Ratio (net):1.25%1.72%
Prospectus Net Expense Ratio:1.25%N/A
Prospectus Gross Expense Ratio:1.25%N/A
Max 12b1 Fee:0.00%N/A
Max Front End Sales Load:N/A5.09%
Max Deferred Sales Load: N/A2.17%
3 Yr Expense Projection*:3971,205
5 Yr Expense Projection*:6861,952
10 Yr Expense Projection*:1,5113,612
* Per $10,000 invested