RJAIX Fees and Costs — T. Rowe Price Japan Fund, I Class
Data updated: 2026-09-25
The net expense ratio is 0.83%: a 0.78% management fee plus 0.17% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $133K in broker commissions, 0.0473% of average net assets, and portfolio turnover was 42%.
RJAIX Fees and Expenses
Annual operating expenses and sales charges of RJAIX. Prospectus, as of December 22, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | — |
| Other expenses | 0.17% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.12% |
| 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 |
RJAIX Costs Over Time
On $10,000 invested in RJAIX, assuming 5% a year before costs, total costs come to $550 over 5 years, cutting the return by 0.92% 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 | $473 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $302 | $550 |
| Value after costs | $10,408 | $11,274 | $12,213 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
RJAIX 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): 0.0473%
- Total broker commissions: $133K
- Bought from dealers (principal trades, not a cost): $3.7M
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $12.9M
- Net income from securities lending: $45K (0.016% of average net assets)
RJAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $31K | 28.07% |
| GOLDMAN SACHS & CO. LLC | $17K | 15.46% |
| UBS AG | $12K | 10.85% |
| MACQUARIE CAPITAL (USA) INC. | $10K | 9.33% |
| Virtu ITG Hong Kong Limited | $10K | 9.29% |
| Nomura International PLC | $8K | 6.79% |
| J.P. MORGAN SECURITIES LLC | $7K | 6.55% |
| Citigroup Inc. | $5K | 4.82% |
| MORGAN STANLEY & CO. LLC | $5K | 4.54% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $5K | 4.30% |
RJAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Nomura International PLC | $3.7M | 99.66% |
| UBS AG | $13K | 0.34% |
T. Rowe Price Japan Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRZJX | Z Class | 0.00% | — |
| RJAIX | I Class | 0.83% | — |
| PRJPX | T. Rowe Price Japan Fund | 1.14% | — |
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.