T. Rowe Price Latin America Fund (PRLAX)
Ticker Symbol:
PRLAX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Objective
Quick Stats
Fiscal Year End  October
Morningstar Category  Latin America Stock
Inception Date 12/29/1993
Tax ID 52-1851931
Investment Objective
The fund's objective is long-term growth of capital through investment primarily in the common stocks of companies located, or with primary operations, in Latin America.
Strategy
Invests primarily (normally at least 80%) in companies located in Latin America. The fund seeks to identify companies that can achieve and sustain above-average, long-term earnings growth.
Risk/Reward Potential*
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This fund offers investors a convenient way to tap the significant long-term growth potential of companies primarily in Argentina, Mexico, Brazil, Chile, Venezuela, and Peru. Latin America's proven production capabilities, combined with a wealth of natural resources and affordable labor, offer an attractive environment for foreign investment.

Investing in this fund involves a high degree of risk due to its concentration in the emerging economies of a specific region. Share prices are also subject to market risk, as well as risks associated with unfavorable currency exchange rates and political or economic uncertainty abroad. The fund is registered as "nondiversified," which means it may invest a greater portion of assets in a single company than a diversified fund, which could increase risk.
* Annually we evaluate the standard deviation of each US mutual fund listed and its resulting placement within specific risk/return categories.

Methodology: If a fund is at least 5 year old, it is generally placed in risk/return categories based on the standard deviation of its performance for the longest period of its calendar year returns; the longest time period used for analysis is 10 years (regardless of the fund's inception). If a fund is less than 5 years old, we generally use the fund's primary benchmark disclosed in its prospectus as a proxy and follow the same process of using 10-year standard deviation of the benchmark, or longest time period available. The firm at its sole discretion may show a fund in a higher risk category based on qualitative or other factors that may differ from this methodology.
See Glossary for additional details on all data elements.