TRGZX Performance — T. Rowe Price Emerging Markets Stock Fund, Z Class
Data updated: 2026-09-25
TRGZX returned +22.32% year to date and +45.86% over one year to Jul 2026. Annualised returns are +15.72% over 3 years and +4.41% over 5 years. Against its Emerging Markets Equity category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $155, against $164 for the category, and to $146 over one year, against $134. Volatility over the past three years was 17.32% a year. In the 12 months to Jul 2026 the fund lost a net $700.9M, and assets reached $6.66B.
TRGZX Growth of $100
What $100 invested in T. Rowe Price Emerging Markets Stock Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | TRGZX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $146 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $155 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $124 | $143 |
| Since data start (Mar 2020 – Jul 2026) | $191 | $192 |
TRGZX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +22.32% |
| 1 year | +45.86% |
| 3 years (annualised) | +15.72% |
| 5 years (annualised) | +4.41% |
TRGZX Annual Returns
Calendar-year total returns of T. Rowe Price Emerging Markets Stock Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +22.32% |
| 2025 | +34.11% |
| 2024 | −0.53% |
| 2023 | +3.30% |
| 2022 | −22.47% |
| 2021 | −9.38% |
| 2020 (Mar–Dec) | +61.02% |
TRGZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.1% | +5.8% | −10.3% | +13.8% | +9.7% | +2.1% | −6.5% | — | — | — | — | — |
| 2025 | +0.9% | 0.0% | +2.2% | +0.2% | +2.7% | +5.3% | +0.8% | +3.8% | +7.1% | +5.2% | −1.8% | +3.9% |
| 2024 | −5.7% | +5.2% | +0.6% | −2.1% | +0.1% | +2.8% | +0.1% | +1.0% | +4.9% | −3.7% | −2.3% | −0.9% |
| 2023 | +9.5% | −6.5% | +3.4% | −2.6% | −2.7% | +4.2% | +4.1% | −6.7% | −4.0% | −4.1% | +6.6% | +3.7% |
| 2022 | +0.1% | −7.1% | −4.1% | −6.9% | +1.4% | −3.9% | −1.2% | −1.3% | −11.2% | −2.9% | +17.1% | −2.6% |
| 2021 | +2.4% | +0.7% | −1.3% | 0.0% | +1.9% | −0.2% | −7.8% | +2.9% | −4.4% | +1.0% | −6.2% | +1.8% |
| 2020 | — | — | +3.8% | +8.0% | +1.8% | +7.8% | +9.0% | +1.2% | −0.7% | +2.0% | +9.2% | +7.3% |
TRGZX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 17.32%
- 3-year Sharpe ratio: 0.65 (vs 4.5% risk-free rate)
- Best month: +13.83% (Apr 2026)
- Worst month: −10.31% (Mar 2026)
TRGZX Fund Flows
Monthly money in and out of T. Rowe Price Emerging Markets Stock Fund, from SEC Form N-PORT.
- 12-month net flow: −$700.9M
- 12-month gross sales (incl. reinvestments): $624.7M
- Sales ÷ redemptions: 0.47×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $46.5M | $89.3M | −$42.8M |
| Jun 2026 | $52.4M | $108.5M | −$56.1M |
| May 2026 | $82.0M | $274.5M | −$192.6M |
| Apr 2026 | $33.9M | $98.7M | −$64.8M |
| Mar 2026 | $30.0M | $73.8M | −$43.9M |
| Feb 2026 | $64.4M | $99.9M | −$35.5M |
| Jan 2026 | $55.3M | $154.0M | −$98.7M |
| Dec 2025 | $133.5M | $114.9M | $18.6M |
| Nov 2025 | $29.2M | $72.5M | −$43.3M |
| Oct 2025 | $41.0M | $75.5M | −$34.5M |
| Sep 2025 | $35.9M | $80.7M | −$44.8M |
| Aug 2025 | $20.7M | $83.2M | −$62.5M |
TRGZX Assets Under Management
Net assets of T. Rowe Price Emerging Markets Stock Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $6.66B |
| 2026-04-30 | $6.65B |
| 2026-01-31 | $6.30B |
| 2025-10-31 | $5.93B |
| 2025-07-31 | $5.21B |
| 2025-04-30 | $4.95B |
| 2025-01-31 | $4.95B |
| 2024-10-31 | $5.13B |
| 2024-07-31 | $5.22B |
| 2024-04-30 | $5.24B |
| 2024-01-31 | $5.22B |
| 2023-10-31 | $5.24B |
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.