PAIJX Performance — T. Rowe Price Emerging Markets Discovery Stock Fund, Advisor Class
Data updated: 2026-09-25
PAIJX returned +19.96% year to date and +42.62% over one year to Jul 2026. Annualised returns are +19.81% over 3 years and +9.85% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $172, against $164 for the category, and to $143 over one year, against $134. Volatility over the past three years was 16.34% a year. In the 12 months to Jul 2026 the fund lost a net $647.6M, and assets reached $6.11B.
PAIJX Growth of $100
What $100 invested in T. Rowe Price Emerging Markets Discovery Stock Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | PAIJX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $143 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $172 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $160 | $143 |
| Since data start (Aug 2019 – Jul 2026) | $192 | $188 |
PAIJX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +19.96% |
| 1 year | +42.62% |
| 3 years (annualised) | +19.81% |
| 5 years (annualised) | +9.85% |
PAIJX Annual Returns
Calendar-year total returns of T. Rowe Price Emerging Markets Discovery Stock Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +19.96% |
| 2025 | +37.91% |
| 2024 | +5.36% |
| 2023 | +10.66% |
| 2022 | −16.03% |
| 2021 | +4.03% |
| 2020 | +6.47% |
| 2019 (Aug–Dec) | +6.82% |
PAIJX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +10.2% | +5.0% | −10.3% | +11.3% | +8.8% | −0.6% | −3.9% | — | — | — | — | — |
| 2025 | +3.2% | +0.9% | +1.1% | −0.4% | +3.7% | +6.5% | +0.1% | +3.9% | +6.3% | +5.7% | −1.9% | +3.7% |
| 2024 | −4.5% | +3.8% | +3.5% | −0.6% | +2.3% | +2.3% | −0.3% | +1.2% | +6.2% | −3.9% | −2.6% | −1.7% |
| 2023 | +6.7% | −4.8% | +2.9% | −1.4% | −2.1% | +5.2% | +5.7% | −5.6% | −3.3% | −3.3% | +6.6% | +5.0% |
| 2022 | +1.6% | −6.9% | −3.9% | −3.8% | +2.3% | −4.8% | −1.4% | −0.4% | −9.1% | −2.5% | +14.9% | −1.3% |
| 2021 | +0.1% | +6.2% | +1.9% | +0.4% | +3.2% | −1.9% | −4.3% | +3.6% | −4.9% | +3.2% | −5.3% | +2.5% |
| 2020 | −8.0% | −5.5% | −20.2% | +9.2% | +1.4% | +6.4% | +5.4% | −0.5% | −2.5% | +1.8% | +14.3% | +9.5% |
| 2019 | — | — | — | — | — | — | — | −5.3% | +1.2% | +4.5% | 0.0% | +6.7% |
PAIJX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 16.34%
- 3-year Sharpe ratio: 0.94 (vs 4.5% risk-free rate)
- Best month: +11.33% (Apr 2026)
- Worst month: −10.31% (Mar 2026)
PAIJX Fund Flows
Monthly money in and out of T. Rowe Price Emerging Markets Discovery Stock Fund, from SEC Form N-PORT.
- 12-month net flow: −$647.6M
- 12-month gross sales (incl. reinvestments): $1.2B
- Sales ÷ redemptions: 0.65×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $84.7M | $125.3M | −$40.6M |
| Jun 2026 | $83.2M | $106.9M | −$23.7M |
| May 2026 | $116.8M | $344.7M | −$228.0M |
| Apr 2026 | $71.3M | $194.3M | −$123.0M |
| Mar 2026 | $75.6M | $79.6M | −$4.0M |
| Feb 2026 | $133.1M | $100.3M | $32.8M |
| Jan 2026 | $173.1M | $145.6M | $27.5M |
| Dec 2025 | $324.7M | $85.2M | $239.5M |
| Nov 2025 | $47.4M | $439.4M | −$392.0M |
| Oct 2025 | $36.2M | $128.5M | −$92.3M |
| Sep 2025 | $40.7M | $72.9M | −$32.2M |
| Aug 2025 | $29.4M | $41.0M | −$11.7M |
PAIJX Assets Under Management
Net assets of T. Rowe Price Emerging Markets Discovery Stock Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $6.11B |
| 2026-04-30 | $6.14B |
| 2026-01-31 | $5.93B |
| 2025-10-31 | $5.68B |
| 2025-07-31 | $4.96B |
| 2025-04-30 | $4.53B |
| 2025-01-31 | $4.41B |
| 2024-10-31 | $4.52B |
| 2024-07-31 | $4.44B |
| 2024-04-30 | $4.27B |
| 2024-01-31 | $4.11B |
| 2023-10-31 | $3.93B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.