T. Rowe Price Africa & Middle East Fund I Class (PRAMX)
| Fund Assets | 100.72M |
| Expense Ratio | 1.08% |
| Min. Investment | $2,500 |
| Turnover | 40.10% |
| Dividend (ttm) | 0.89 |
| Dividend Yield | 8.60% |
| Dividend Growth | 282.74% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 11.75 |
| YTD Return | 14.86% |
| 1-Year Return | 15.97% |
| 5-Year Return | 100.51% |
| 52-Week Low | 9.90 |
| 52-Week High | 11.92 |
| Beta (5Y) | n/a |
| Holdings | 54 |
| Inception Date | Mar 6, 2017 |
About PRAMX
The T. Rowe Price Africa & Middle East Fund I Class is a mutual fund focused on achieving long-term capital growth through investments primarily in the common stocks of companies located in, or with significant operations in, Africa and the Middle East. The fund employs a bottom-up stock selection process, supported by a top-down regional perspective, with an emphasis on identifying companies demonstrating attractive valuations and earnings growth outpacing local, regional, or global peers. The portfolio is typically concentrated, leading to high-conviction positions, and is often heavily invested in financial services, with notable holdings in banks and diversified financial companies from countries such as Saudi Arabia, South Africa, and Qatar. Key markets of primary focus include Saudi Arabia, South Africa, the United Arab Emirates, and Egypt, among others. The fund's diversified approach allows it to benefit from the unique growth dynamics and evolving capital markets of the region, while also exposing it to currency and geopolitical risks inherent to these emerging and frontier markets. Since its inception in 2017, the fund has served as a specialized vehicle for investors seeking exposure to the economic development of Africa and the Middle East.
Performance
PRAMX had a total return of 15.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.61%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FZAEX | Fidelity | Fidelity Advisor Focused Emerging Markets Fund - Class Z | 0.81% |
| FERGX | Fidelity | Fidelity SAI Emerging Markets Index Fund | 0.08% |
| FIMKX | Fidelity | Fidelity Advisor Focused Emerging Markets Fund - Class I | 0.93% |
| FGKPX | Fidelity | Fidelity SAI Emerging Markets Low Volatility Index Fund | 0.26% |
| FAMKX | Fidelity | Fidelity Advisor Focused Emerging Markets Fund - Class A | 1.19% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| TRZMX | -z Class | n/a |
Top 10 Holdings
45.42% of assets| Name | Symbol | Weight |
|---|---|---|
| Al Rajhi Banking and Investment Corporation | 1120 | 11.47% |
| The Saudi National Bank | 1180 | 6.41% |
| Naspers Limited | NPN | 5.64% |
| Qatar National Bank (Q.P.S.C.) | QNBK | 4.15% |
| National Bank of Kuwait S.A.K.P. | NBK | 3.30% |
| T. Rowe Price Government Reserve Fund | TRPGRIA | 3.25% |
| Saudi Awwal Bank | 1060 | 2.88% |
| First Abu Dhabi Bank P.J.S.C. | FAB | 2.85% |
| Capitec Bank Holdings Limited | CPI | 2.75% |
| FirstRand Limited | FSR | 2.71% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2024 | $0.1184 | Dec 30, 2024 |
| Dec 13, 2024 | $0.8859 | Dec 16, 2024 |
| Dec 14, 2023 | $0.2624 | Dec 15, 2023 |
| Dec 14, 2022 | $0.2161 | Dec 15, 2022 |
| Dec 16, 2021 | $0.090 | Dec 17, 2021 |
| Dec 16, 2020 | $0.250 | Dec 17, 2020 |