On the lookout for a Non US – Equity fund? Starting with T. Rowe Price Emerging Markets Stock (PRMSX) should not be a possibility at this time. PRMSX possesses a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance.
Objective
Zacks categorizes PRMSX as Non US – Equity, a segment stacked high with options. Non US – Equity mutual funds like to invest in companies outside of the United States, an important characteristic since global mutual funds are known to keep a good portion of their portfolio stateside. These kinds of funds can often extend across all cap levels, and will typically allocate their investments between emerging and developed markets.
History of Fund/Manager
T. Rowe Price is responsible for PRMSX, and the company is based out of Baltimore, MD. The T. Rowe Price Emerging Markets Stock made its debut in March of 1995 and PRMSX has managed to accumulate roughly $658.00 million in assets, as of the most recently available information. The fund’s current manager, Wenhi Zheng, has been in charge of the fund since April of 2025.
Performance
Investors naturally seek funds with strong performance. This fund has delivered a 5-year annualized total return of 3.29%, and it sits in the bottom third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 18.38%, which places it in the bottom third during this time-frame.
It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund’s performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of PRMSX over the past three years is 15.97% compared to the category average of 12.82%. The standard deviation of the fund over the past 5 years is 18.38% compared to the category average of 14.38%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should note that the fund has a 5-year beta of 0.71, so it is likely going to be less volatile than the market at large. Alpha is an additional metric to take into consideration, since it represents a portfolio’s performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. With a negative alpha of -5.64, managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
