T. Rowe Price International Funds, Inc. - T. Rowe Price Latin America Fund
PRLAX
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- T. Rowe Price International Funds, Inc. (the "Fund") serves as the statutory trust for T. Rowe Price Latin America Fund (ticker: PRLAX), a mutual fund that seeks long-term capital growth primarily through investments in common stocks of companies domiciled in or principally operating in Latin America; the Fund normally invests at least 80% of its net assets in such Latin American equities, focusing on sectors including financial services, materials, consumer staples, energy, and industrials, with portfolio holdings often concentrated in key markets like Brazil, Mexico, Chile, and Peru. The Fund offers share classes including Advisor Class (PRLAX), which caters to individual investors, financial advisors, and institutions via broker-dealers and retirement plans; it emphasizes active management by T. Rowe Price's international equity team, leveraging bottom-up stock selection and macroeconomic analysis. Headquartered in Baltimore, Maryland, under parent company T. Rowe Price Group, Inc., founded in 1937, the Fund operates globally with a focus on emerging Latin American markets, serving retail and institutional clients primarily in the United States. Recent developments include sustained portfolio adjustments amid 2025 market volatility, with the Fund benefiting from strong regional performance driven by Brazilian equities and resilient Latin American growth despite U.S. tariff discussions; T. Rowe Price Group expanded its international offerings in June 2025 with launches of the Global Equity ETF and International Equity Research ETF, signaling broader active equity strategies that complement funds like PRLAX. In December 2025, T. Rowe Price announced plans for active ETF launches in Europe during 2026, enhancing global distribution capabilities potentially applicable to international funds; no specific acquisitions, partnerships, or reorganizations directly impacting PRLAX were reported in 2024-2025, though the firm maintained $1.51 trillion in assets under management as of 2023 with ongoing emphasis on emerging markets.