T. Rowe Price Institutional Emerging Markets Equity Fund (IEMFX)
The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in emerging market companies. It may purchase the stocks of companies of any size.
Fund Info
US74144Q2030
Oct 30, 2002
$1,000,000
Large-Cap
Blend
Expense Ratio
IEMFX has a high expense ratio of 1.06%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Institutional Emerging Markets Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Institutional Emerging Markets Equity Fund had a return of 5.00% year-to-date (YTD) and 4.89% in the last 12 months. Over the past 10 years, T. Rowe Price Institutional Emerging Markets Equity Fund had an annualized return of 1.50%, while the S&P 500 had an annualized return of 11.29%, indicating that T. Rowe Price Institutional Emerging Markets Equity Fund did not perform as well as the benchmark.
IEMFX
5.00%
4.80%
1.35%
4.89%
-3.84%
1.50%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of IEMFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.80% | 5.00% | |||||||||||
| 2024 | -5.78% | 5.11% | 0.50% | -2.20% | 0.00% | 2.76% | -0.00% | 0.91% | 4.80% | -3.78% | -2.39% | -0.95% | -1.60% |
| 2023 | 9.37% | -6.65% | 3.38% | -2.67% | -2.71% | 4.08% | 4.04% | -6.83% | -4.07% | -4.18% | 6.49% | 3.62% | 2.26% |
| 2022 | 0.00% | -7.29% | -4.24% | -6.98% | 1.29% | -3.93% | -1.35% | -1.43% | -11.28% | -2.94% | 17.02% | -5.51% | -25.60% |
| 2021 | 2.19% | 0.45% | -1.45% | -0.08% | 1.88% | -0.25% | -7.83% | 2.82% | -4.53% | 0.86% | -6.27% | -0.58% | -12.64% |
| 2020 | -4.63% | -3.82% | -16.70% | 7.96% | 1.71% | 7.62% | 9.00% | 1.00% | -0.73% | 1.93% | 9.20% | 7.13% | 17.67% |
| 2019 | 11.64% | -0.32% | 2.40% | 2.06% | -6.88% | 7.04% | -0.56% | -4.30% | 2.26% | 3.82% | 0.73% | 7.33% | 26.62% |
| 2018 | 7.79% | -4.06% | -0.52% | -2.98% | -2.24% | -3.62% | 2.15% | -4.56% | -1.81% | -7.38% | 4.55% | -3.93% | -16.25% |
| 2017 | 6.54% | 2.18% | 3.18% | 3.48% | 2.38% | 1.02% | 6.45% | 2.70% | 1.24% | 2.65% | 1.52% | 3.05% | 42.87% |
| 2016 | -5.85% | -1.63% | 13.83% | 1.13% | -1.66% | 5.32% | 5.05% | 1.79% | 1.92% | -0.61% | -6.69% | 0.35% | 12.01% |
| 2015 | 1.45% | 3.03% | -0.84% | 4.83% | -2.62% | -2.21% | -5.52% | -8.96% | -1.98% | 6.05% | -1.17% | -3.19% | -11.47% |
| 2014 | -7.86% | 4.61% | 3.21% | 0.92% | 4.03% | 2.93% | 0.66% | 3.52% | -6.59% | 3.22% | -0.41% | -5.75% | 1.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of IEMFX is 13, meaning it’s performing worse than 87% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Institutional Emerging Markets Equity Fund (IEMFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Institutional Emerging Markets Equity Fund provided a 0.88% dividend yield over the last twelve months, with an annual payout of $0.29 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.29 | $0.60 | $0.25 | $0.33 | $0.22 | $0.61 | $0.30 | $0.22 | $0.20 | $0.18 | $0.24 |
Dividend yield | 0.88% | 0.92% | 1.88% | 0.80% | 0.76% | 0.44% | 1.43% | 0.88% | 0.54% | 0.69% | 0.69% | 0.81% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Institutional Emerging Markets Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 | $0.61 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2014 | $0.24 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Institutional Emerging Markets Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Institutional Emerging Markets Equity Fund was 74.65%, occurring on Nov 20, 2008. Recovery took 2294 trading sessions.
The current T. Rowe Price Institutional Emerging Markets Equity Fund drawdown is 37.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.65% | Nov 1, 2007 | 266 | Nov 20, 2008 | 2294 | Jan 4, 2018 | 2560 |
| -47.5% | Feb 17, 2021 | 426 | Oct 24, 2022 | — | — | — |
| -32.41% | Jan 14, 2020 | 48 | Mar 23, 2020 | 141 | Oct 12, 2020 | 189 |
| -26.47% | Jan 29, 2018 | 191 | Oct 29, 2018 | 302 | Jan 13, 2020 | 493 |
| -25.6% | May 9, 2006 | 25 | Jun 13, 2006 | 113 | Nov 22, 2006 | 138 |
Volatility
Volatility Chart
The current T. Rowe Price Institutional Emerging Markets Equity Fund volatility is 3.93%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.