TRASX Fees and Costs — T. Rowe Price Asia Opportunities Fund, I Class
Data updated: 2026-03-30
The net expense ratio is 0.83%: a 0.78% management fee plus 0.54% other expenses, less a 0.49% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $61K in broker commissions, 0.0819% of average net assets, and portfolio turnover was 49%.
TRASX Fees and Expenses
Annual operating expenses and sales charges of TRASX. Prospectus, as of December 22, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.54% |
| Gross expense ratio | 1.32% |
| Fee waiver | −0.49% |
| 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 |
TRASX Costs Over Time
On $10,000 invested in TRASX, assuming 5% a year before costs, total costs come to $571 over 5 years, cutting the return by 0.96% 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) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $96 | $314 | $571 |
| Value after costs | $10,404 | $11,262 | $12,191 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
TRASX 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): 0.0819%
- Total broker commissions: $61K
- Bought from dealers (principal trades, not a cost): $176K
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $4K (0.005% of average net assets)
TRASX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $11K | 19.75% |
| CLSA AMERICAS, LLC | $10K | 17.33% |
| GOLDMAN SACHS & CO. LLC | $7K | 12.97% |
| UBS AG | $7K | 12.89% |
| Citigroup Inc. | $6K | 11.67% |
| MORGAN STANLEY & CO. LLC | $5K | 9.77% |
| JEFFERIES LLC | $3K | 5.82% |
| MACQUARIE CAPITAL (USA) INC. | $3K | 5.20% |
| KOTAK SECURITIES LIMITED | $1K | 2.44% |
| BOFA SECURITIES, INC. | $1K | 2.15% |
TRASX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $112K | 63.29% |
| J.P. MORGAN SECURITIES LLC | $61K | 34.43% |
| AXIS BANK LIMITED | $1K | 0.76% |
| BOFA SECURITIES, INC. | $1K | 0.76% |
| Citigroup Inc. | $1K | 0.76% |
T. Rowe Price Asia Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRASX | I Class | 0.83% | — |
| TRAOX | T. Rowe Price Asia Opportunities Fund | 1.15% | — |
| PAAOX | Advisor Class | 1.25% | — |
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.