About TRZMX
The T. Rowe Price Africa & Middle East Fund Z is an actively managed mutual fund focused on achieving long-term capital growth by investing primarily in common stocks of companies located in, or with significant operations in, Africa and the Middle East. The fund targets a diverse range of countries, with significant allocations often found in nations such as Saudi Arabia and South Africa, and also invests across other emerging and frontier markets in the region, including Egypt, Nigeria, and the United Arab Emirates. Leveraging a bottom-up stock selection approach, the fund’s management emphasizes identifying companies with strong or improving market positions, solid management, and the potential for above-average, long-term earnings growth. Sector allocations can vary significantly based on specific opportunities, sometimes resulting in high exposure to sectors like financials. The fund is supported by a global team of investment analysts conducting in-depth fundamental research to uncover value in dynamic, developing markets. Through this geographically focused strategy, the fund seeks to provide investors with access to the growth potential and diversification benefits offered by African and Middle Eastern equities, serving as a specialized vehicle within the broader international equity space.
Fund Family T. Rowe Price
Category Miscellaneous Region
Stock Exchange Nasdaq
Ticker Symbol TRZMX
Share Class -z Class
TRZMX had a total return of -11.85% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.76%.
