TRZEX Performance — T. Rowe Price Emerging Europe Fund, Z Class
Data updated: 2026-09-25
TRZEX returned +28.45% year to date and +53.93% over one year to Jul 2026. Annualised returns are +38.15% over 3 years and −8.13% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $264, against $164 for the category, and to $154 over one year, against $134. Volatility over the past three years was 17.94% a year. In the 12 months to Jul 2026 the fund lost a net $5.3M, and assets reached $75.27M.
TRZEX Growth of $100
What $100 invested in T. Rowe Price Emerging Europe 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 | TRZEX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $154 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $264 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $65 | $143 |
| Since data start (Feb 2021 – Jul 2026) | $74 | $148 |
TRZEX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +28.45% |
| 1 year | +53.93% |
| 3 years (annualised) | +38.15% |
| 5 years (annualised) | −8.13% |
TRZEX Annual Returns
Calendar-year total returns of T. Rowe Price Emerging Europe Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +28.45% |
| 2025 | +47.41% |
| 2024 | +27.13% |
| 2023 | +64.74% |
| 2022 | −83.43% |
| 2021 (Feb–Dec) | +12.34% |
TRZEX 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 | +14.2% | −2.0% | −6.6% | +11.5% | +6.6% | +4.1% | −0.6% | — | — | — | — | — |
| 2025 | +5.6% | +1.5% | −0.9% | +1.1% | +4.9% | +6.9% | +2.2% | +2.4% | −0.9% | +0.9% | +2.9% | +13.8% |
| 2024 | +7.7% | +3.6% | 0.0% | +5.0% | +7.4% | +1.1% | +6.6% | −4.8% | −3.0% | −1.0% | +0.6% | +1.9% |
| 2023 | +10.5% | +2.5% | +4.1% | +4.9% | +6.9% | +6.2% | +7.2% | +4.6% | −6.7% | −3.7% | +12.0% | +3.9% |
| 2022 | −7.3% | −57.8% | −56.9% | −4.7% | −2.6% | −12.8% | +4.0% | −1.3% | −9.1% | +12.4% | +15.2% | +0.4% |
| 2021 | — | −2.9% | +1.2% | +3.7% | +6.6% | +3.9% | −0.1% | +5.9% | +2.4% | +4.5% | −10.4% | −2.0% |
TRZEX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 17.94%
- 3-year Sharpe ratio: 1.88 (vs 4.5% risk-free rate)
- Best month: +14.23% (Jan 2026)
- Worst month: −6.65% (Sep 2023)
TRZEX Fund Flows
Monthly money in and out of T. Rowe Price Emerging Europe Fund, from SEC Form N-PORT.
- 12-month net flow: −$5.3M
- 12-month gross sales (incl. reinvestments): $2.1M
- Sales ÷ redemptions: 0.28×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $21K | $331K | −$310K |
| Jun 2026 | $353K | $845K | −$492K |
| May 2026 | $7K | $714K | −$707K |
| Apr 2026 | $15K | $499K | −$484K |
| Mar 2026 | $5K | $401K | −$396K |
| Feb 2026 | $5K | $510K | −$505K |
| Jan 2026 | $19K | $878K | −$859K |
| Dec 2025 | $1.5M | $892K | $641K |
| Nov 2025 | $118K | $532K | −$414K |
| Oct 2025 | $4K | $514K | −$510K |
| Sep 2025 | $1K | $487K | −$486K |
| Aug 2025 | $281 | $776K | −$776K |
TRZEX Assets Under Management
Net assets of T. Rowe Price Emerging Europe Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $75.27M |
| 2026-04-30 | $69.91M |
| 2026-01-31 | $70.18M |
| 2025-10-31 | $54.56M |
| 2025-07-31 | $55.23M |
| 2025-04-30 | $49.36M |
| 2025-01-31 | $50.07M |
| 2024-10-31 | $49.42M |
| 2024-07-31 | $56.20M |
| 2024-04-30 | $49.53M |
| 2024-01-31 | $47.01M |
| 2023-10-31 | $40.63M |
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.