T. Rowe Price Latin America Fund (PRLAX)
The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in Latin American companies. Under normal conditions, at least four countries will be represented in the fund's portfolio. The fund may purchase the stocks of companies of any size. It is non-diversified.
Fund Info
US77956H8806
77956H880
Dec 28, 1993
$2,500
Large-Cap
Growth
Expense Ratio
PRLAX has a high expense ratio of 1.46%, 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 Latin America 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 Latin America Fund had a return of 13.68% year-to-date (YTD) and -12.77% in the last 12 months. Over the past 10 years, T. Rowe Price Latin America Fund had an annualized return of 0.44%, while the S&P 500 had an annualized return of 11.31%, indicating that T. Rowe Price Latin America Fund did not perform as well as the benchmark.
PRLAX
13.68%
9.76%
-8.80%
-12.77%
-2.23%
0.44%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PRLAX, 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 | 10.04% | 13.68% | |||||||||||
| 2024 | -4.99% | 0.60% | 1.66% | -5.36% | -1.78% | -5.97% | 1.66% | 4.45% | 0.34% | -4.00% | -5.85% | -9.46% | -25.94% |
| 2023 | 8.71% | -4.54% | 1.45% | 3.31% | 2.88% | 10.48% | 3.85% | -7.10% | -3.55% | -5.05% | 14.61% | 7.62% | 34.73% |
| 2022 | 8.74% | 1.45% | 10.37% | -12.96% | 2.66% | -16.17% | 7.11% | 4.21% | -1.99% | 12.60% | -5.82% | -5.27% | 0.24% |
| 2021 | -6.96% | -1.87% | 2.19% | 1.03% | 7.89% | 3.59% | -5.62% | 1.36% | -9.20% | -5.66% | -5.04% | -2.26% | -19.87% |
| 2020 | -5.29% | -9.62% | -33.33% | 5.72% | 8.38% | 7.73% | 8.42% | -4.22% | -5.49% | -1.38% | 22.83% | 10.23% | -7.71% |
| 2019 | 15.78% | -2.47% | -3.42% | 0.96% | -1.07% | 6.68% | 0.47% | -7.48% | 1.77% | 5.46% | -3.61% | 4.32% | 16.56% |
| 2018 | 11.03% | -4.47% | 0.00% | -3.30% | -13.42% | -4.49% | 9.03% | -8.45% | 2.26% | 5.08% | 1.03% | -1.14% | -9.15% |
| 2017 | 8.57% | 3.43% | 2.85% | 1.07% | -1.90% | 0.09% | 7.39% | 4.15% | 3.51% | -3.46% | -1.81% | 1.91% | 28.17% |
| 2016 | -2.20% | 3.47% | 18.47% | 6.22% | -7.79% | 11.84% | 4.66% | 0.24% | -0.19% | 6.58% | -11.57% | 0.87% | 30.74% |
| 2015 | -4.51% | 4.82% | -6.83% | 8.36% | -6.40% | 0.67% | -7.75% | -9.65% | -7.01% | 5.93% | -1.05% | -10.78% | -30.99% |
| 2014 | -10.50% | 2.46% | 8.14% | 3.36% | 0.49% | 3.24% | 0.47% | 8.55% | -13.51% | -0.27% | -4.66% | -22.02% | -25.63% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PRLAX is 1, meaning it’s performing worse than 99% 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 Latin America Fund (PRLAX) 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 Latin America Fund provided a 3.25% dividend yield over the last twelve months, with an annual payout of $0.60 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.60 | $0.60 | $0.55 | $0.53 | $0.68 | $0.21 | $0.51 | $0.32 | $0.25 | $0.28 | $0.12 | $0.41 |
Dividend yield | 3.25% | 3.70% | 2.44% | 3.10% | 3.83% | 0.91% | 2.03% | 1.46% | 1.02% | 1.45% | 0.80% | 1.87% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Latin America 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 | $0.60 | $0.60 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.53 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2017 | $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 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2014 | $0.41 | $0.41 |
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 Latin America 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 Latin America Fund was 75.91%, occurring on Jan 21, 2016. The portfolio has not yet recovered.
The current T. Rowe Price Latin America Fund drawdown is 59.57%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -75.91% | Jun 2, 2008 | 1922 | Jan 21, 2016 | — | — | — |
| -60.48% | Oct 22, 1997 | 232 | Sep 10, 1998 | 369 | Feb 10, 2000 | 601 |
| -55.45% | Feb 17, 1994 | 276 | Mar 9, 1995 | 590 | Jun 12, 1997 | 866 |
| -47.67% | Mar 10, 2000 | 638 | Sep 30, 2002 | 317 | Jan 5, 2004 | 955 |
| -29.55% | May 10, 2006 | 24 | Jun 13, 2006 | 107 | Nov 14, 2006 | 131 |
Volatility
Volatility Chart
The current T. Rowe Price Latin America Fund volatility is 4.30%, 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.