- ISIN
- US77956H8806
- CUSIP
- 77956H880
- Issuer
- T. Rowe Price
- Inception Date
- Dec 28, 1993
- Category
- Latin America Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
PRLAX Performance Chart
T. Rowe Price Latin America Fund (PRLAX) is up 7.1% since the beginning of the year. PRLAX is currently trading at $24 per share. Investors who bought $1,000 worth of PRLAX shares 5 years ago would now be looking at an investment worth $1,311.
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Returns By Period
T. Rowe Price Latin America Fund (PRLAX) has returned 7.06% so far this year and 26.15% over the past 12 months. Over the last ten years, PRLAX has returned 7.25% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
T. Rowe Price Latin America Fund
- 1D
- -0.50%
- 1M
- -1.38%
- YTD
- 7.06%
- 6M
- 8.73%
- 1Y
- 26.15%
- 3Y*
- 9.25%
- 5Y*
- 5.57%
- 10Y*
- 7.25%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PRLAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 1994, PRLAX's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +22.8%, while the worst month was Aug 1998 at -38.2%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PRLAX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +24.7%, while the worst single day was Oct 27, 1997 at -16.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 13.79% | 2.62% | -4.18% | 2.06% | -4.44% | -1.91% | 7.06% | ||||||
| 2025 | 10.04% | -3.81% | 4.66% | 7.62% | 2.53% | 5.49% | -6.83% | 8.51% | 5.77% | 0.31% | 5.52% | -0.12% | 45.79% |
| 2024 | -4.99% | 0.60% | 1.66% | -5.36% | -1.78% | -5.97% | 1.66% | 4.45% | 0.34% | -4.00% | -5.85% | -5.98% | -23.09% |
| 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% | 0.23% |
| 2021 | -6.96% | -1.87% | 2.19% | 1.03% | 7.89% | 3.59% | -5.62% | 1.36% | -9.20% | -5.66% | -5.04% | 3.70% | -14.98% |
Benchmark Metrics
T. Rowe Price Latin America Fund has an annualized alpha of -0.14%, beta of 1.05, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since January 03, 1994.
- This fund participated in 123.96% of S&P 500 Index downside but only 116.18% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.45 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -0.14%
- Beta
- 1.05
- R²
- 0.45
- Upside Capture
- 116.18%
- Downside Capture
- 123.96%
Expense Ratio
PRLAX has a high expense ratio of 1.46%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PRLAX ranks 20 for risk / return — in the bottom 20% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Latin America Fund (PRLAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRLAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.78 | -1.01 |
| Martin ratioReturn relative to average drawdown | 4.84 | 12.44 | -7.60 |
Dividends
Dividend History
T. Rowe Price Latin America Fund provided a 6.63% dividend yield over the last twelve months, with an annual payout of $1.57 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.57 | $1.57 | $1.27 | $0.55 | $0.53 | $1.76 | $0.25 | $2.65 | $0.53 | $0.32 | $0.28 | $1.00 |
Dividend yield | 6.63% | 7.09% | 7.84% | 2.44% | 3.10% | 9.92% | 1.09% | 10.55% | 2.41% | 1.30% | 1.45% | 6.65% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.57 | $1.57 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 | $1.27 |
| 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 | $1.76 | $1.76 |
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.
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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 70.03%, occurring on Nov 20, 2008. Recovery took 4269 trading sessions.
The current T. Rowe Price Latin America Fund drawdown is 10.58%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -70.03%Nov 2008 | 5mo 21d | 16y 12mo | 17y 5moJun 2008 - Nov 2025 |
1998 bear market1998 | -60.48%Sep 1998 | 10mo 23d | 1y 5mo | 2y 3moOct 1997 - Feb 2000 |
1995 bear market1995 | -55.45%Mar 1995 | 1y 20d | 2y 3mo | 3y 3moFeb 1994 - Jun 1997 |
Dot-com crash2000–2002 | -46.47%Sep 2002 | 2y 6mo | 1y 3mo | 3y 10moMar 2000 - Jan 2004 |
2006 bear market2006 | -29.55%Jun 2006 | 1mo 4d | 5mo 4d | 6mo 8dMay 2006 - Nov 2006 |
Drawdown Indicators
| PRLAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.03% | -56.78% | -13.25% |
Max Drawdown (1Y)Largest decline over 1 year | -13.94% | -9.10% | -4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -23.60% | -18.90% | -4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -30.74% | -25.43% | -5.31% |
Max Drawdown (10Y)Largest decline over 10 years | -49.80% | -33.92% | -15.88% |
Current DrawdownCurrent decline from peak | -10.58% | -1.80% | -8.78% |
Average DrawdownAverage peak-to-trough decline | -23.80% | -10.71% | -13.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 2.03% | +3.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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