- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- Baltimore, MD 21202 Baltimore MD United States of America 21202
- IPO Date
- Oct 28, 2008
- Business
- T. Rowe Price Global Growth Stock Fund (RPGEX) is an open-end mutual fund that seeks long-term capital growth through investments primarily in common stocks of large-cap growth companies domiciled throughout the world, including emerging markets and the U.S.; the portfolio emphasizes blue-chip growth stocks across sectors such as technology (33.49%), financial services (17.91%), industrials (9.47%), communication services (9.12%), and consumer cyclical (8.93%); top holdings typically include leading firms like NVIDIA Corp. (5.56%), Microsoft Corp. (4.61%), Apple Inc. (4.18%), and Alphabet Inc. (2.96%), with approximately 60% allocated to U.S. stocks, 35% to non-U.S. stocks, and the remainder in cash and other assets. The fund, launched on October 27, 2008, is managed by R. Scott Berg since inception, with total net assets of approximately $1.09 billion, a net expense ratio of 0.92%, and a minimum initial investment of $2,500 ($1,000 for IRAs). It operates within the global large-stock growth category, targeting investors seeking diversified international exposure to high-growth equities in at least five countries, with regional allocations including Emerging Asia (12.30%), Eurozone (7.09%), Developed Asia (4.08%), and Latin America (2.86%). In recent developments, T. Rowe Price, the fund's investment manager headquartered in Baltimore, Maryland, transitioned its enterprise investment management system to Charles River's SaaS-deployed IMS platform in December 2025, deepening a partnership initiated in 2002 to modernize front-office operations and enhance scalability for global equity portfolios; the firm also implemented a workforce reduction in July 2025 as part of an ongoing expense growth control initiative, incurring a $28.5 million restructuring charge in Q3 2025. Portfolio turnover stands at around 62-63%, reflecting active management amid market volatility, with no reported fund-specific acquisitions, new share classes, or strategic shifts in the past 1-2 years.