PRASX
T. Rowe Price New Asia Fund
T. ROWE PRICE INTERNATIONAL FUNDS, INC.
Expense ratio1
1.03%
Net assets2
$2.32B
Holdings2
66
Category
International Equity
2025 return3
26.63%

Investment objective & strategy

As of Dec. 22, 2025 · prospectus

Objective. The fund seeks long-term growth of capital through investments primarily in the common stocks of companies located (or with primary operations) in Asia (excluding Japan).

Strategy. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in Asian companies (excluding Japanese companies). The fund relies on MSCI Inc., a third-party provider of benchmark indexes and data services, or another unaffiliated data provider to determine the country assigned to a security. Any derivatives that provide exposure to the investment focus suggested by the funds name, or to one or more market risk factors associated with the investment focus suggested by the funds name, are counted (as applicable) toward compliance with the funds 80% investment policy. The fund expects to primarily invest in common stocks of companies located (or with primary operations) in Asian countries other than Japan. The fund typically … The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in Asian companies (excluding Japanese companies). The fund relies on MSCI Inc., a third-party provider of benchmark indexes and data services, or another unaffiliated data provider to determine the country assigned to a security. Any derivatives that provide exposure to the investment focus suggested by the funds name, or to one or more market risk factors associated with the investment focus suggested by the funds name, are counted (as applicable) toward compliance with the funds 80% investment policy. The fund expects to primarily invest in common stocks of companies located (or with primary operations) in Asian countries other than Japan. The fund typically has substantial investments in China. The countries in which the fund normally invests include, but are not limited to, the following: ? Primary Emphasis: China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. ? Others: Pakistan, Sri Lanka, and Vietnam. The fund is nondiversified, which means it may invest a greater percentage of its assets in a particular issuer than is permissible for a diversified fund. At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the information technology sector. While the adviser invests with an awareness of the advisers outlook for certain industries, sectors, and individual countries within the region, the advisers decision-making process focuses on bottom-up stock selection. Country allocation is driven largely by stock selection, though the adviser may limit investments in markets or industries that appear to have poor overall prospects. Security selection reflects a growth style. The adviser relies on a global team of investment analysts dedicated to in-depth fundamental research in an effort to identify high-quality companies capable of achieving and sustaining above-average, long-term earnings growth. The adviser seeks to purchase stocks of companies at reasonable prices in relation to present or anticipated earnings, cash flow, or book value. In selecting investments the adviser generally favors companies with one or more of the following characteristics: ? leading or improving market position; ? attractive business niche; ? attractive or improving franchise or industry position; ? seasoned management; ? stable or improving revenues, earnings, and/or cash flow; and ? sound or improving balance sheet.

Top holdings

As of Jan. 31, 2026 · N-PORT
SecurityTickerValue% of fund
TSMC $397.55M 17.12%
SAMSUNG ELECTRONICS CO LTD $212.59M 9.16%
TENCENT HOLDINGS LTD $159.30M 6.86%
BABA-W $119.07M 5.13%
SK HYNIX INC $101.95M 4.39%
AIA Group Ltd $64.36M 2.77%
DBS GROUP HLDGS $60.35M 2.60%
HON HAI $53.08M 2.29%
BHARTI AIRTEL LIMITED $52.21M 2.25%
MEDIATEK $51.53M 2.22%
View all holdings →

Allocation by sector

As of January 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Oct 31, 2025 → Jan 31, 2026
Opened
18
Exited
13
Increased
32
Decreased
15
Unchanged
1

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Advisers

As of October 31, 2025 · N-CEN
FirmRole
T. Rowe Price Associates, Inc. Adviser
T. Rowe Price International Ltd Sub-adviser

Footnotes

  1. Expense ratio as of December 22, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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