About PAIJX
T. Rowe Price Emerging Markets Discovery Stock Fund Advisor Class is a diversified mutual fund focused on long-term capital appreciation through investments in undervalued equities across global emerging markets. The fund primarily targets companies situated in, or economically tied to, regions such as Asia, Latin America, Europe, Africa, and the Middle East. Its investment approach centers on fundamental, bottom-up research to identify attractively valued stocks—often those temporarily out of favor but demonstrating strong prospects for growth or dividend improvement.
This fund typically invests at least 80% of its assets in emerging market equities, often favoring larger-cap companies. Notable sector concentrations include technology, financial services, energy, and consumer-related industries, as reflected in its top portfolio holdings. The fund’s strategy emphasizes rigorous valuation analysis, resilience within overlooked industries, and the potential for turnaround opportunities. With an annual turnover around 51% and an expense ratio of approximately 1.55%, it seeks to capture value by exploiting inefficiencies and growth opportunities unique to developing economies. The fund is designed for investors with a long-term horizon seeking exposure to the dynamic, though potentially volatile, emerging markets segment.
Fund Family T. Rowe Price
Category Diversified Emerging Mkts
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PAIJX
Share Class -advisor Class
Index MSCI EM (Emerging Markets) NR USD
PAIJX had a total return of 38.49% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.62%.
