PNSIX Fees and Costs — T. Rowe Price New Asia Fund, I Class
Data updated: 2026-09-25
The net expense ratio is 0.83%: a 0.78% management fee plus 0.08% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.1M in broker commissions, 0.1081% of average net assets, and portfolio turnover was 53%.
PNSIX Fees and Expenses
Annual operating expenses and sales charges of PNSIX. Prospectus, as of December 22, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | — |
| Other expenses | 0.08% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.83% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PNSIX Costs Over Time
On $10,000 invested in PNSIX, assuming 5% a year before costs, total costs come to $588 over 5 years, cutting the return by 0.99% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.83%) | $87 | $272 | $472 |
| Trading costs (broker commissions) | $11 | $35 | $61 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $323 | $588 |
| Value after costs | $10,401 | $11,254 | $12,175 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
PNSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1081%
- Total broker commissions: $2.1M
- Bought from dealers (principal trades, not a cost): $8.2M
- Portfolio turnover (prospectus): 53%
- Securities on loan, average value: $28.6M
- Net income from securities lending: $238K (0.012% of average net assets)
PNSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $354K | 21.04% |
| CLSA AMERICAS, LLC | $287K | 17.01% |
| Citigroup Inc. | $200K | 11.87% |
| GOLDMAN SACHS & CO. LLC | $163K | 9.66% |
| MORGAN STANLEY & CO. LLC | $157K | 9.34% |
| UBS AG | $139K | 8.23% |
| MACQUARIE CAPITAL (USA) INC. | $131K | 7.77% |
| BOFA SECURITIES, INC. | $123K | 7.28% |
| JEFFERIES LLC | $69K | 4.10% |
| Nomura International PLC | $62K | 3.70% |
PNSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $5.3M | 64.48% |
| J.P. MORGAN SECURITIES LLC | $2.8M | 34.83% |
| BOFA SECURITIES, INC. | $19K | 0.23% |
| AXIS BANK LIMITED | $19K | 0.23% |
| Citigroup Inc. | $19K | 0.23% |
T. Rowe Price New Asia Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRZNX | Z Class | 0.00% | — |
| PNSIX | I Class | 0.83% | — |
| PRASX | T. Rowe Price New Asia Fund | 1.03% | — |
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.