T. Rowe Price Africa & Middle East Fund (TRAMX) Fund Details & Analysis

Fund Information

Fund Category Miscellaneous Region

Fund Family T. Rowe Price

Fund Style Large

ISIN US77956H7402

CUSIP 77956H740

Inception Date 2007-09-04

Domicile United States

Country USA

Fiscal Year End October

NAV Chart

Fund Metrics

Net Assets $106.78 Million

Share Class Net Assets $65.68 Million

Expense Ratio 1.30%

Expense Ratio Date 2026-01-01

Dividend Yield 0.05%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 0.09%

1-Year Return 2.46%

3-Year Return 12.94%

5-Year Return 7.46%

NAV $11.47

Previous Close Price $11.56

Last Update 2026-09-30

Dividend Information

Dividend Yield 0.05%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About T. Rowe Price Africa & Middle East Fund

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.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 19697.03%

Giant 13.96%

Large 36.29%

Medium 33.74%

Micro 1.57%

Small 13.04%

Value & Growth Metrics

Book-Value Growth % 9.35%

Cash-Flow Growth % 9.57%

Dividend Yield % 4.64%

Historical Earnings % 9.27%

Long-Term Earnings % 8.93%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	0.00%	0.00%	0.00%	0.51%	0.00%
Cash	1.40%	1.40%	0.00%	1.70%	0.00%
Non US Stock	92.11%	92.11%	0.00%	96.42%	99.20%
Not Classified	0.00%	0.00%	0.00%	0.09%	0.00%
Other	0.00%	0.00%	0.00%	0.15%	0.10%
US Stock	6.48%	6.48%	0.00%	1.86%	0.71%

Top Holdings

Name	Weight	Owned	Change
AL RAJHI BANK	10.09%	-	-
SAUDI NATIONAL BANK/THE	5.82%	-	-
QATAR NATIONAL BANK QPSC	3.83%	-	-
NASPERS LTD	3.34%	-	-
SAUDI AWWAL BANK	3.35%	-	-
FIRSTRAND LTD	4.62%	-	-
SAUDI BASIC INDUSTRIES CORP	3.22%	-	-
FIRST ABU DHABI BANK PJSC	2.84%	-	-
NATIONAL BANK OF KUWAIT SAKP	3.24%	-	-
SAUDI ARABIAN OIL CO	3.48%	-	-
BID CORP LTD	2.47%	-	-
CAPITEC BANK HOLDINGS LTD	3.50%	-	-
T. Rowe Price Government Reserve Fund - Collateral	6.76%	-	-
ANGLOGOLD ASHANTI PLC	4.63%	-	-
TREASURY RESERVE FUND - Collateral	4.91%	-	-
ETIHAD ETISALAT CO	3.03%	-	-
CAPITEC LIMITED	3.76%	-	-

See the full breakdown of TRAMX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.89%	53.99%	100.00%	0.00%
Bond Sector	Corporate	0.89%	7.24%	0.00%	0.00%
Bond Sector	Derivative	0.89%	17.83%	0.00%	0.00%
Bond Sector	Government	0.89%	19.40%	0.00%	0.00%
Bond Sector	Municipal	0.89%	0.00%	0.00%	0.00%
Bond Sector	Securitized	0.89%	1.53%	0.00%	0.00%
Cyclical	Basic Materials	18.56%	12.61%	0.00%	6.85%
Cyclical	Consumer Cyclical	8.36%	5.17%	0.00%	7.55%
Cyclical	Financial Services	49.61%	33.28%	0.00%	25.10%
Cyclical	Real Estate	1.81%	1.56%	0.00%	1.20%
Defensive	Consumer Defensive	1.48%	5.62%	0.00%	4.98%
Defensive	Healthcare	1.95%	3.66%	0.00%	6.86%
Defensive	Utilities	0.89%	4.41%	0.00%	2.85%
Sensitive	Communication Services	5.38%	2.81%	0.00%	4.59%
Sensitive	Energy	5.11%	10.75%	0.00%	4.94%
Sensitive	Industrials	6.10%	12.59%	0.00%	14.23%
Sensitive	Technology	0.75%	7.54%	0.00%	20.86%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	23.32%	-	1.99%
Americas	North America	35.13%	7.18%	8.87%
Greater Asia	Asia Developed	5.68%	-	18.02%
Greater Asia	Asia Emerging	3.19%	-	12.60%
Greater Asia	Australasia	3.13%	2.51%	3.94%
Greater Asia	Japan	3.48%	-	14.84%
Greater Europe	Africa/Middle East	3.37%	88.52%	3.26%
Greater Europe	Europe Developed	14.80%	0.65%	27.87%
Greater Europe	Europe Emerging	1.48%	-	0.65%
Greater Europe	United Kingdom	6.44%	1.14%	7.96%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-13	$0.456	$0.456	USD	-	-	-	-
2023-12-14	$0.256	$0.256	USD	-	2023-12-13	2023-12-15	Annual
2022-12-14	$0.142	$0.142	USD	2022-12-14	2022-12-13	2022-12-15	Annual
2021-12-16	$0.070	$0.070	USD	2021-12-15	2021-12-15	2021-12-17	Annual
2020-12-16	$0.040	$0.040	USD	2020-12-16	2020-12-15	2020-12-17	Annual
2019-12-17	$0.530	$0.530	USD	2019-12-16	2019-12-16	2019-12-18	Annual
2018-12-17	$0.170	$0.170	USD	2018-12-14	2018-12-14	2018-12-18	Annual
2017-12-18	$0.130	$0.130	USD	2017-12-15	2017-12-15	2017-12-19	Annual
2016-12-16	$0.150	$0.150	USD	2016-12-15	2016-12-15	2016-12-19	Annual
2015-12-16	$0.150	$0.150	USD	2015-12-15	2015-12-15	2015-12-17	Other
2014-12-16	$0.130	$0.130	USD	2014-12-15	2014-12-15	2014-12-17	Annual
2013-12-17	$0.130	$0.130	USD	2013-12-16	2013-12-16	2013-12-18	Other
2012-12-18	$0.150	$0.150	USD	2012-12-17	2012-12-17	2012-12-19	Other
2011-12-16	$0.100	$0.100	USD	-	2011-12-15	2011-12-19	Annual
2010-12-16	$0.120	$0.120	USD	-	2010-12-15	2010-12-17	Other
2010-04-30	$0.012	$0.012	USD	-	-	-	-
2009-12-16	$0.150	$0.150	USD	-	2009-12-15	2009-12-17	Annual
2008-12-16	$0.430	$0.430	USD	-	2008-12-15	2008-12-17	Annual
2007-12-18	$0.010	$0.010	USD	-	2007-12-17	2007-12-19	Other

View the full dividend history for TRAMX.

T. Rowe Price Africa & Middle East Fund NMFQS:TRAMX