TRGZX Fees and Costs — T. Rowe Price Emerging Markets Stock Fund, Z Class
Data updated: 2026-09-25
The net expense ratio is 0.00%: a 0.93% management fee plus 0.04% other expenses, less a 0.97% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6.7M in broker commissions, 0.1286% of average net assets, and portfolio turnover was 70%.
TRGZX Fees and Expenses
Annual operating expenses and sales charges of TRGZX. Prospectus, as of December 22, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.93% |
| 12b-1 fee | — |
| Other expenses | 0.04% |
| Gross expense ratio | 0.97% |
| Fee waiver | −0.97% |
| Net expense ratio | 0.00% |
| 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 |
TRGZX Costs Over Time
On $10,000 invested in TRGZX, assuming 5% a year before costs, total costs come to $82 over 5 years, cutting the return by 0.14% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $14 | $43 | $74 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $14 | $45 | $82 |
| Value after costs | $10,486 | $11,532 | $12,681 |
| Impact on return, per year | 0.14% | 0.14% | 0.14% |
TRGZX 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): 0.1286%
- Total broker commissions: $6.7M
- Bought from dealers (principal trades, not a cost): $42.3M
- Portfolio turnover (prospectus): 70%
- Securities lending: none during the year
TRGZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $1.0M | 19.29% |
| GOLDMAN SACHS & CO. LLC | $662K | 12.34% |
| CLSA AMERICAS, LLC | $639K | 11.91% |
| MORGAN STANLEY & CO. LLC | $632K | 11.78% |
| BOFA SECURITIES, INC. | $580K | 10.80% |
| UBS AG | $560K | 10.43% |
| Citigroup Inc. | $486K | 9.06% |
| BANCO BTG PACTUAL S.A. | $328K | 6.11% |
| MACQUARIE CAPITAL (USA) INC. | $254K | 4.74% |
| JEFFERIES LLC | $189K | 3.53% |
TRGZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $20.3M | 48.01% |
| MORGAN STANLEY & CO. LLC | $14.3M | 33.79% |
| J.P. MORGAN SECURITIES LLC | $7.7M | 18.20% |
| JEFFERIES LLC | $2 | 0.00% |
T. Rowe Price Emerging Markets Stock Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRGZX | Z Class | 0.00% | — |
| PRZIX | I Class | 0.98% | — |
| PRMSX | T. Rowe Price Emerging Markets Stock Fund | 1.23% | — |
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.