Morningstar

T. Rowe Price Latin America Fund PRLAX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 24.94  /  +2.05 %
  • Total Assets 435.6M
  • Adj. Expense Ratio
    1.470%
  • Expense Ratio 1.470%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Focused Region
  • Investment Style Large Blend
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.82%
  • Turnover 34%

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 11:49 PM GMT+0

Morningstar’s Analysis PRLAX

Will PRLAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRLAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PRLAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PRLAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Leadership change tempers team view, but process strength remains.

Senior Analyst Kongkon Gogoi

Kongkon Gogoi

Senior Analyst

Summary

T. Rowe Price Latin America remains a solid strategy, though the retirement of longtime manager Verena Wachnitz has reduced our conviction in the team supporting it. The strategy, which includes a separately managed account as well as a mutual fund, still stands out in a relatively limited opportunity set, but the change in leadership makes the team less proven than before.

by Kongkon Gogoi
Rated on Published on

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Portfolio Holdings PRLAX

More PRLAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 51.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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Financial Services

Grupo Mexico SAB de CV Class B

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Basic Materials

Nu Holdings Ltd Ordinary Shares Class A

6.17 27M
Financial Services

Petroleo Brasileiro SA Petrobras ADR

4.91 22M
Energy

Petroleo Brasileiro SA Petrobras ADR

4.77 21M
Energy

Vale SA ADR

4.41 19M
Basic Materials

Credicorp Ltd

4.14 18M
Financial Services

Banco BTG Pactual S.A. Units Cons of 1 Sh ' 2 Pfd Shs -A-

3.54 16M
Financial Services

Fomento Economico Mexicano SAB de CV ADR

3.30 14M
Consumer Defensive

Cemex SAB de CV ADR

3.18 14M
Basic Materials

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