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Is there a source I can go to to get an evaluation of T Rowe Price international funds? Have any MFO readers tracked these funds themselves and can advise me about which funds to consider and which to stay away from?
Here's the US NEWS magazine's TRP listing and ranking of TRP funds:
Actually here are some global / international choices:
My wife and I have been with TRP for decades and have been pleased as punch the entire time. Great choice for intelligent investors.
As for their international funds, they have them all for various objectives. So much depends upon what you're looking for. Over the years I have tried most of them. At this moment in time, our intl positions are minimal on equities.
And so it goes
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T Rowe Price website indicates that the fund is closed to new investors.
"PRIDX is closed to new investors."
Meanwhile, to deconstruct these numbers and ratings a bit:
PRIDX outperformed both its benchmark and its category 2019 Q4, 2020 Q1 and YTD, so while it fell hard with coronavirus, on a relative basis it performed admirably. It's the whole market that has come back (to some extent), and PRIDX has more or less just kept up its rate of outperformance.
So why the 3 stars? M* continues to rate its risk as below average (as of March 31) for 3 years, 5 years, and 10 years. Also as of March 31, M* rates 3/5/10 year performance as average, above average, average.
Generally, above average return with below average risk gets a fund into, or close to a 4 star rating. Thus, as of March 31, PRIDX was rated 4 stars for the five year period (above average performance), but 3 stars for the three and ten year periods.
The overall star rating is a weighted average: 3 years (20%), 5 years (30%), and 10 years (50%). So PRIDX gets 3 stars.
Now take a look at the 3/5/10 performance figures. To be rated above average, a fund must be in the top 32.5% of its category (but not in the top 10%).
PRIDX came close to above average performance, but didn't make it over 3 years (38th percentile) or 10 years (33rd percentile). Shift that 10 year performance a little and the 10 year star rating should move up to 4 stars, bringing the overall weighted average rating also up to four stars.
It looks like this has happened. Take performance rankings through today (April 26). 10 year moves up to 27th percentile, 5 year drops slightly from 14th to 17th percentile, and 3 year moves up to 29th percentile. All above average performances.
So one should expect the star rating to move back to 4 stars when it's recalculated unless the fund stumbles in the interim.
All of this goes to show that even when looking at long term performance, what a fund has done lately can have a significant impact.
The poor showing last year? Over the whole year it underperformed its category by 3.18% where the average gain was 27.78%. Not a great showing, but not as bad as its 71st percentile would superficially suggest. Also, it never had a really bad quarter; it just chugged along, trailing by as much as 1.18% in Q3 and as little as 0.25% in Q4. Not great, but fairly consistent and nothing obvious to get concerned about.
I have tried logging on but they do not recognize me nor can I find a way to create a new account. I have some T Rowe funds but thru Fidelity.
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Not sure what JoJo26 is thinking. Maybe one reason to avoid TRP international funds maybe they carry redemption fees? In any case, I think TRP ability is its target / balanced / retirement / allocation funds and is where they do good job.
Just my 2 cents.
However, if you hate TRP like I hate AQR, I get it. You just don't like a firm, that's it. No explanation need be asked or given and vice versa. I have no idea how to answer your question "Have I done conducted rigorous diligence on T. Rowe?". Not like I'm going to marry him.
You are practicing JourANALism. You want to ask people great questions with a "negative" in it. First explain what your position is.