T. Rowe Price Japan Fund

T. Rowe Price Japan Fund Premium Guru

Last Update: 04-15-2016

Number of Stocks: 75
Number of New Stocks: 2

Total Value: $331 Mil
Q/Q Turnover: 6%

Countries: JPN
Details: Top Buys | Top Sales | Top Holdings  Embed:

T. Rowe Price Japan Fund' s Profile & Performance

Profile

T. Rowe Price Japan Fund (PRJPX) was established on 12/30/1991. The net assets are $218.2 million and the turnover rate as of 10/31/2012 is 55.1%. The Fund seeks long-term growth of capital through investments in common stocks of companies located (or with primary operations) in Japan. Within this fund, the top three sectors are Automobiles and Transportation Equipment (15.2%), Electric Appliances and Precision Instruments (11.8%), and It & Services & Others (10.5%).

T. Rowe Price Japan Fund is managed by M. Campbell Gunn since 1/1/2003.

Web Page:http://www3.troweprice.com/fb2/fbkweb/snapshot.do?ticker=PRJPX

Investing Philosophy

“Security selection reflects a growth style. The fund relies on a global team of investment analysts dedicated to in-depth fundamental research in an effort to identify companies capable of achieving and sustaining above-average, long-term earnings growth. We seek to purchase stocks of such companies at reasonable prices in relation to present or anticipated earnings, cash flow, or book value.

In selecting investments, the fund generally favors companies with one or more of the following characteristics:

•leading or improving market position;

•attractive business niche;

•attractive or improving franchise or industry position;

•seasoned management;

•stable or improving earnings and/or cash flow; and

•sound or improving balance sheet”

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of T. Rowe Price Japan Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201514.891.1913.7
2014-8.5213.69-22.2
201329.9632.39-2.4
3-Year Cumulative36.6 (11%/year)52.3 (15.1%/year)-15.7 (-4.1%/year)
201210.6916-5.3
2011-8.392.11-10.5
5-Year Cumulative38.5 (6.7%/year)80.4 (12.5%/year)-41.9 (-5.8%/year)
201014.2215.06-0.8
20090.8426.46-25.6
2008-31.42-375.6
2007-5.525.49-11.0
2006-5.6615.79-21.4
10-Year Cumulative-2.5 (-0.3%/year)102 (7.3%/year)-104.5 (-7.6%/year)
200540.044.9135.1
200416.8310.885.9
200344.1428.6815.5
2002-16.86-22.15.2
2001-32.25-11.89-20.4
15-Year Cumulative29.5 (1.7%/year)107.5 (5%/year)-78 (-3.3%/year)
2000-37.22-9.1-28.1
1999112.7121.0491.7
19989.1628.58-19.4
1997-22.0833.36-55.4
1996-10.9922.96-33.9
20-Year Cumulative31 (1.4%/year)381.4 (8.2%/year)-350.4 (-6.8%/year)
1995-3.1337.58-40.7
199415.091.3213.8
199320.6110.0810.5
1992-13.47.62-21.0

Top Ranked Articles

T Rowe Price Japan Invests in Kubota, REIT Fund has outperformed benchmark over past 5 years
During the first quarter, the T. Rowe Price Japan Fund (Trades, Portfolio) purchased two new stocks for its portfolio of 75 holdings, including one in the machinery sector, which is the second-most represented industry in the portfolio. Read more...
T. Rowe Price Japan Fund Acquires 5 Stakes in 4th Quarter Guru's additions to existing stakes exceed number in nearly every quarter since 2012
In the fourth quarter, the T. Rowe Price Japan Fund (Trades, Portfolio) matched its number of new buys in the third quarter and added to more stakes than it has in all but one quarter since 2012. Read more...
3 Global Investment Ideas From Gurus Along with Samsung and Toyota, 3 other lesser-known picks
During the third quarter, gurus invested in several well-known global companies such as Samsung Electronics (XKRX:005930), Toyota (TSE:7203) and GlaxoSmithKline (LSE:GSK). But results from the All-In-One Screener show there were three other international stocks with lesser-known names that were popular among the gurus. Read more...
T. Rowe Price Japan Adds Five New Holdings During Third Quarter A Japanese REIT was the fund's largest new buy
The T. Rowe Price Japan Fund (Trades, Portfolio) seeks long-term growth by investing at least 80% of its assets in Japanese companies, benefiting from the country’s leading position in the electronic and automobile industries. Read more...
T. Rowe Price Japan Fund Adds to Each of its 10 Most Valuable Stakes
T. Rowe Price Japan Fund (Trades, Portfolio) is an advocate of long-term growth through investments in companies that are based in Japan or have their main operations there. Its strategy produced a return of nearly 30% in 2013. Read more...
» More T. Rowe Price Japan Fund Articles

Commentaries and Stories

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

T. Rowe Price Japan Fund Q1 Commentary State of Japan's economy and outlook T. Rowe Price Japan Fund - T. Rowe Price Japan Fund Q1 Commentary
Japanese equities endured a difficult quarter, lagging developed market peers and significantly underperforming emerging markets. Weak economic data and many other factors pressured stocks lower, but the Bank of Japan's decision to impose negative interest rates on banks' excess reserves appeared to weigh the most. The action prompted a precipitous decline in bank stocks and, counterintuitively, caused a strengthening of the yen, as investors interpreted the move as meaning that policymakers had exhausted all other resources. Chinese growth concerns and expectations that the Federal Reserve will delay the U.S. rate hiking cycle also fed yen strength. One bright spot came from companies continuing to buy back stock at unprecedented levels. More...

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Rating: 0.0/5 (0 votes)

T Rowe Price Japan Invests in Kubota, REIT Fund has outperformed benchmark over past 5 years T. Rowe Price Japan Fund - T Rowe Price Japan Invests In Kubota, REIT
During the first quarter, the T. Rowe Price Japan Fund (Trades, Portfolio) purchased two new stocks for its portfolio of 75 holdings, including one in the machinery sector, which is the second-most represented industry in the portfolio. More...

JAPAN


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T. Rowe Price Japan Fund 4th Quarter Commentary Managers discuss year, economy and Abenomics T. Rowe Price Japan Fund - T. Rowe Price Japan Fund 4th Quarter Commentary
Japanese equities rallied in the quarter and outperformed most other developed and emerging markets. Sentiment was boosted by the Bank of Japan's monetary stimulus efforts, lower energy prices, and increased capital spending. Growth stocks outperformed value stocks, while large-caps outperformed smaller shares. Corporate news underpinned positive sentiment, with many Japanese companies beating earnings estimates for the prior quarter. Additionally, fears about the Chinese economy and therefore global growth subsided somewhat during the quarter. Finally, news that the European Central Bank was considering additional monetary easing measures and an increased allocation to domestic shares by local pension schemes also boosted shares. More...

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T. Rowe Price Japan Fund Acquires 5 Stakes in 4th Quarter Guru's additions to existing stakes exceed number in nearly every quarter since 2012 T. Rowe Price Japan Fund - T. Rowe Price Japan Fund Acquires 5 Stakes In 4th Quarter
In the fourth quarter, the T. Rowe Price Japan Fund (Trades, Portfolio) matched its number of new buys in the third quarter and added to more stakes than it has in all but one quarter since 2012. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

3 Global Investment Ideas From Gurus Along with Samsung and Toyota, 3 other lesser-known picks T. Rowe Price Japan Fund,Wasatch International Gro - 3 Global Investment Ideas From Gurus
During the third quarter, gurus invested in several well-known global companies such as Samsung Electronics (XKRX:005930), Toyota (TSE:7203) and GlaxoSmithKline (LSE:GSK). But results from the All-In-One Screener show there were three other international stocks with lesser-known names that were popular among the gurus. More...

GLOBAL, INTERNATIONAL, SAMSUNG, HSBC


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

T. Rowe Price Japan Fund Q3 2015 Commentary Environment, performance, commentary, outlook T. Rowe Price Japan Fund - T. Rowe Price Japan Fund Q3 2015 Commentary
Japanese equities slumped in the three-month period to the end of September as concerns about a slowdown in China reverberated across financial markets. The quarter had begun on a positive note with Japanese stocks rising in July, aided by solid corporate earnings reports, unprecedented monetary stimulus by the Bank of Japan, a weaker yen, and lower oil prices. The market became more volatile in the latter half of August, as Japanese equities tracked a spiraling decent in Chinese stocks. Large-caps led the retreat, followed by mid- and then small-caps. Among industry segments, iron and steel and mining and machinery saw the greatest weakness as expectations for global economic growth were revised lower on the back of China's slowdown, and commodity prices plunged to multiyear lows. Only air transportation and construction finished in positive territory, albeit with modest gains. More...

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Rating: 0.0/5 (0 votes)

T. Rowe Price Japan Adds Five New Holdings During Third Quarter A Japanese REIT was the fund's largest new buy T. Rowe Price Japan Fund - T. Rowe Price Japan Adds Five New Holdings During Third Quarter
The T. Rowe Price Japan Fund (Trades, Portfolio) seeks long-term growth by investing at least 80% of its assets in Japanese companies, benefiting from the country’s leading position in the electronic and automobile industries. More...

T. ROWE PRICE JAPAN FUND, JAPAN


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Rating: 0.0/5 (0 votes)

T. Rowe Price Japan Fund Adds to Each of its 10 Most Valuable Stakes T. Rowe Price Japan Fund - T. Rowe Price Japan Fund Adds To Each Of Its 10 Most Valuable Stakes
T. Rowe Price Japan Fund (Trades, Portfolio) is an advocate of long-term growth through investments in companies that are based in Japan or have their main operations there. Its strategy produced a return of nearly 30% in 2013. More...

T. Rowe Price Japan Fund, Asia, Japan


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T. Rowe Price Japan Fund Q1 2015 Commentary
Japanese equities posted strong returns over the quarter in both local currency and U.S. dollar terms. It was the best-performing developed market in the first quarter. The equity market has benefited from a number of tailwinds, including purchases by government pension funds, companies improving shareholder returns in response to government pressure, and exporters benefiting from the weak yen. Domestic consumers should benefit from wage increases and low inflation. The macroeconomic data also appear to be improving as the impact of last year's sales tax increase wears off. Although consumer inflation near 0% is significantly below the central bank's target of 2%, this is mostly due to weak oil prices rather than weak domestic demand-which has been improving and should improve as we see further real wage growth. More...

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T. Rowe Price Japan Fund Q4 2014 Commentary
Environment More...

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T. Rowe Price Japan Fund's 5 New Holdings T. Rowe Price Japan Fund - T. Rowe Price Japan Fund's 5 New Holdings
The T. Rowe Price Japan Fund (Trades, Portfolio) invests at least 80% of its assets in Japanese companies that can achieve and sustain above-average long-term earnings growth. More...

T. ROWE PRICE JAPAN FUND, JAPAN


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Rating: 5.0/5 (1 vote)

T. Rowe Price Japan Fund 2014 Annual Manager's Letter
Fellow Shareholders More...

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T. Rowe Price Japan Fund Q3 2014 Commentary
Environment More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

T. Rowe Price Japan Fund Second Quarter 2014 Manager Commentary
Japanese stocks posted strong returns in the second quarter, outperforming broader developed markets and reversing the declines of the previous three months in U.S. dollar terms. Economic data showed that the Japanese economy expanded at a faster rate than expected in the first quarter of 2014, which was the best quarterly growth rate seen in almost three years. Consumer confidence improved for the first time in six months in May while producer prices rose at the fastest annual rate since October 2008. Investor sentiment was further boosted by encouraging economic data from China, a key export market for Japan's manufacturers, and the Federal Reserve's commitment to maintaining an accommodative policy stance. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

T. Rowe Price Japan Fund First Quarter 2014 Manager Commentary
Japanese equities declined over the quarter. Along with the geopolitical concerns facing most global markets, anxieties about an economic slowdown in China also resurfaced and prompted investors to repatriate money into safe-haven assets, including the yen. This currency strength hit the stocks of Japanese exporters, in particular. Japan's looming consumption tax hike also played a role in dampening the domestic stock market. On the upside, however, retail sales rose unexpectedly as consumers increased spending ahead of a hike in the consumption tax. More...

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T Rowe Price Japan Fund Annual Report - October 2013
The views and opinions in this report were current as of October 31, 2013. They are not guarantees of performance or investment results and should not be taken as investment advice. Investment decisions reflect a variety of factors, and the managers reserve the right to change their views about individual stocks, sectors, and the markets at any time. As a result, the views expressed should not be relied upon as a fore - cast of the fund's future investment intent. The report is certified under the Sarbanes-Oxley Act, which requires mutual funds and other public companies to affirm that, to the best of their knowledge, the information in their financial reports is fairly and accurately stated in all material respects. More...

  • Currently 3.33/5

Rating: 3.3/5 (3 votes)

T. Rowe Price Japan Fund Fourth Quarter Commentary
Japanese stocks gained in the quarter in yen terms, although a decline in the currency reduced returns for overseas investors. Economic data suggested that Prime Minister Shinzo Abe's "three arrows" plan of economic reform was delivering positive results. Employment growth figures were robust, while core inflation reached its highest level in five years. Total monthly wages per regular worker rose, as did inflation expectations on evidence of a tighter labor market. In reaction to slowing growth in the third quarter due to a decline in private investment, policymakers put through an additional stimulus package. Business and consumer sentiment continued to strengthen during the quarter, with a measure of business confidence reaching a six-year high. More...

  • Currently 2.50/5

Rating: 2.5/5 (2 votes)

T. Rowe Price Japan Fund’s Top Five Fourth Quarter Picks T. Rowe Price Japan Fund - T. Rowe Price Japan Fund’s Top Five Fourth Quarter Picks
Over the fourth quarter the T. Rowe Price Japan Fund purchased 14 new stocks. This brought the total number of stocks held by them to 90 stocks valued at $310 million. This fund seeks long-term growth of capital through investments in common stocks of companies located in Japan. More...

  • Currently 2.50/5

Rating: 2.5/5 (2 votes)

T. Rowe Price Japan Fund’s Top Five Third Quarter Picks T. Rowe Price Japan Fund - T. Rowe Price Japan Fund’s Top Five Third Quarter Picks
Over the third quarter the T. Rowe Price Japan Fund purchased 14 new stocks. This brought the total number of stocks held by them to 93 stocks valued at $285 million. This fund seeks long-term growth of capital through investments in common stocks of companies located in Japan. More...

  • Currently 3.67/5

Rating: 3.7/5 (3 votes)

T. Rowe Price Japan Fund Top 5 New Buys T. Rowe Price Japan Fund - T. Rowe Price Japan Fund Top 5 New Buys
With net assets of $270.04 million and a 5.1% average annual return over the past 10 years, the T. Rowe Price Japan Fund (PRJPX) invests in the common stocks of companies either based or with primary operations in Japan. Relative to its benchmark, it is most overweight in the information technology and services sector, and underweight the banking sector. Fund managers increased their overweight exposure to the commercial and wholesale trading sector, where they believe yen weakness will fuel gains. Smaller-cap stocks also form a large portion of the fund as they promise better growth. More...

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