T. Rowe Price Japan Fund

T. Rowe Price Japan Fund

Last Update: 2014-10-15

Number of Stocks: 83
Number of New Stocks: 3

Total Value: $300 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 (%)
201329.9631.55-1.6
201210.6915.4-4.7
2011-8.392.08-10.5
3-Year Cumulative31.8 (9.6%/year)55 (15.7%/year)-23.2 (-6.1%/year)
201014.2215.06-0.8
20090.8426.46-25.6
5-Year Cumulative51.8 (8.7%/year)125.5 (17.7%/year)-73.7 (-9%/year)
2008-31.42-375.6
2007-5.525.61-11.1
2006-5.6615.79-21.4
200540.044.9135.1
200416.83124.8
10-Year Cumulative51.8 (4.3%/year)104.1 (7.4%/year)-52.3 (-3.1%/year)
200344.1428.715.4
2002-16.86-22.15.2
2001-32.25-11.9-20.4
2000-37.22-9.1-28.1
1999112.712191.7
15-Year Cumulative64.6 (3.4%/year)98.3 (4.7%/year)-33.7 (-1.3%/year)
19989.1628.6-19.4
1997-22.0833.4-55.5
1996-10.9923-34.0
1995-3.1337.6-40.7
199415.091.313.8
20-Year Cumulative38.9 (1.7%/year)483.2 (9.2%/year)-444.3 (-7.5%/year)
199320.6110.110.5
1992-13.47.6-21.0

Top Ranked Articles

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. Read more...
T. Rowe Price Japan Fund's Q2 Portfolio Updates
This past week, T. Rowe Price Japan Fund released its second quarter portfolio update. The fund purchased 19 new stocks during the second quarter, bringing its total to 95 stocks valued at approximately $256 million. Read more...
T. Rowe Price Japan Fund’s Top 5 New Buys
The T. Rowe Price Japan Fund has $264.14 million in net assets and has returned 25.27% year to date. Since inception in 1991 it has returned 1.31%. There are 95 positions in the portfolio, of which 19 are new in the second quarter, for 26% quarter-over-quarter turnover. The largest of the new positions include: Olympus Corporation (TSE:7733), SECOM Co. Ltd. (TSE:9735), Toyota Industries Corp (TSE:6201), Suntory Beverage & Food Ltd. (TSE:2587) and Sumitomo Corp. (TSE:8053). Read more...
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. Read more...
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. Read more...
» More T. Rowe Price Japan Fund Articles

Commentaries and Stories

  • Currently 0.00/5

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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...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

T. Rowe Price Japan Fund - Third Quarter Commentary
Japanese stocks advanced over a volatile quarter. Early gains were driven by increasing confidence in efforts by the government and central bank to revive the economy, which appeared to be reinforced by the election victory of Prime Minister Shinzo Abe's Liberal Democratic Party and its coalition partners in the Upper House. Stocks gave back some of their gains in August as investors worried over the timing of the U.S. Federal Reserve's change in monetary policy and a possible U.S.-led military strike against Syria. Japanese stocks recovered after the U.S. Federal Reserve decided not to scale down its quantitative easing program in September, and the market was further bolstered by Tokyo's victory in its 2020 Olympic Games bid. Nearing the close of the quarter, the market fell marginally on the U.S. government shutdown. All sectors rose over the quarter, led by steel and non-ferrous metals, real estate, and commercial and wholesale trade. The smallest advances came from electric power and gas, pharmaceuticals, and foods. More...

  • Currently 3.25/5

Rating: 3.3/5 (4 votes)

T. Rowe Price Japan Fund's Q2 Portfolio Updates
This past week, T. Rowe Price Japan Fund released its second quarter portfolio update. The fund purchased 19 new stocks during the second quarter, bringing its total to 95 stocks valued at approximately $256 million. More...

  • Currently 3.00/5

Rating: 3.0/5 (2 votes)

T. Rowe Price Japan Fund’s Top 5 New Buys
The T. Rowe Price Japan Fund has $264.14 million in net assets and has returned 25.27% year to date. Since inception in 1991 it has returned 1.31%. There are 95 positions in the portfolio, of which 19 are new in the second quarter, for 26% quarter-over-quarter turnover. The largest of the new positions include: Olympus Corporation (TSE:7733), SECOM Co. Ltd. (TSE:9735), Toyota Industries Corp (TSE:6201), Suntory Beverage & Food Ltd. (TSE:2587) and Sumitomo Corp. (TSE:8053). More...

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