TRGAX Fees and Costs — T. Rowe Price Global Industrials Fund, I Class
Data updated: 2026-08-27
The net expense ratio is 0.73%: a 0.68% management fee plus 0.26% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $69K in broker commissions, 0.0452% of average net assets, and portfolio turnover was 84%.
TRGAX Fees and Expenses
Annual operating expenses and sales charges of TRGAX. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | — |
| Other expenses | 0.26% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.73% |
| 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 |
TRGAX Costs Over Time
On $10,000 invested in TRGAX, assuming 5% a year before costs, total costs come to $487 over 5 years, cutting the return by 0.81% 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 0.73%) | $77 | $240 | $417 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $81 | $267 | $487 |
| Value after costs | $10,419 | $11,309 | $12,276 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
TRGAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0452%
- Total broker commissions: $69K
- Bought from dealers (principal trades, not a cost): $671K
- Portfolio turnover (prospectus): 84%
- Securities on loan, average value: $3.5M
- Net income from securities lending: $7K (0.004% of average net assets)
TRGAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $10K | 19.65% |
| MORGAN STANLEY & CO. LLC | $7K | 13.90% |
| Citigroup Inc. | $6K | 11.92% |
| CLSA AMERICAS, LLC | $6K | 11.79% |
| GOLDMAN SACHS & CO. LLC | $5K | 9.94% |
| JEFFERIES LLC | $5K | 8.54% |
| BOFA SECURITIES, INC. | $4K | 7.92% |
| Virtu ITG Hong Kong Limited | $3K | 5.90% |
| RBC Capital Markets, LLC | $3K | 5.25% |
| UBS AG | $3K | 5.19% |
TRGAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $136K | 22.44% |
| Citigroup Inc. | $104K | 17.24% |
| JEFFERIES LLC | $90K | 14.92% |
| RBC Capital Markets, LLC | $75K | 12.40% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $75K | 12.40% |
| EVERCORE GROUP L.L.C. | $33K | 5.51% |
| GOLDMAN SACHS & CO. LLC | $30K | 4.92% |
| Truist Securities, Inc. | $23K | 3.86% |
| BOFA SECURITIES, INC. | $22K | 3.56% |
| B. RILEY SECURITIES, INC. | $17K | 2.76% |
T. Rowe Price Global Industrials Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRGAX | I Class | 0.73% | — |
| RPGIX | T. Rowe Price Global Industrials Fund | 1.05% | — |
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.