PRAMX – T. Rowe Price Africa & Middle East I Investment Strategy | Morningstar

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Strategy

The investment seeks long-term growth of capital by investing primarily in the common stocks of companies located (or with primary operations) in Africa and the Middle East. The fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in African and Middle Eastern companies. While the adviser invests with an awareness of the outlook for certain industry sectors and individual countries within the region, the adviser’s decision-making process focuses on bottom-up stock selection. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TRAMX	T. Rowe Price Africa & Middle East Fund	No Load	Open	—	—	Sep 4, 2007	$61.11M	1.300%	Above Average	$2,500	−$5.60M
PRAMX	T. Rowe Price Africa & Middle East Fund I Class	Institutional	Open	—	—	Mar 6, 2017	$35.37M	1.080%	Average	$500,000	$2.00M
TRZMX	T. Rowe Price Africa & Middle East Fund Z Class	Institutional	Open	—	—	Feb 22, 2021	$956.00	0.000%	Low	$0	−$7.08M

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