T. Rowe Price replaced the lead manager of this strategy in July 2024, appointing Hiroshi Watanabe, who has a strong track record in Japanese mid- and small-cap equities but remains untested in large caps. Recent analyst turnover adds a degree of uncertainty, and we, therefore, maintain the People Pillar rating at Average. Watanabe has largely continued the previous investment philosophy while introducing notable changes to the portfolio’s positioning. Given the leadership transition, process adjustments, and portfolio changes, we maintain the Process Pillar rating at Average.
T. Rowe Price Japan Fund PRJPX
- NAV / 1-Day Return 16.60 / +0.79 %
- Total Assets 318.7M
-
Adj. Expense Ratio
1.140%
- Expense Ratio 1.140%
- Distribution Fee Level Below Average
- Share Class Type No Load
- Category Japan Stock
- Investment Style Large Blend
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 2.07%
- Turnover 42%
USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0
Morningstar’s Analysis PRJPX
Will PRJPX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 36.7
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Mitsubishi UFJ Financial Group Inc | 6.02 | 21M | Financial Services |
Recruit Holdings Co Ltd | 5.88 | 20M | Communication Services |
Sony Group Corp | 3.57 | 12M | Technology |
Toyota Motor Corp | 3.32 | 11M | Consumer Cyclical |
MS&AD Insurance Group Holdings Inc | 3.24 | 11M | Financial Services |
Resona Holdings Inc | 3.19 | 11M | Financial Services |
Sumitomo Corp | 3.17 | 11M | Industrials |
ORIX Corp | 3.06 | 11M | Financial Services |
Tohoku Electric Power Co Inc | 2.79 | 10M | Utilities |
Hitachi Ltd | 2.52 | 9M | Industrials |
United States