TRZMX Holdings — T. Rowe Price Africa & Middle East Fund
Data updated: 2026-09-25
TRZMX holds 75 securities. The top 10 make up 45.8% of net assets, led by Al Rajhi Bank (10.09%) and Saudi National Bank/the (5.82%). Financials (47.6%) and Materials (14.9%) are the largest sectors, and 32.7% of the portfolio is in Saudi Arabia. No debt holdings are reported.
Holdings cover 100.84% of net asset value (99.18% of total assets; remainder is cash and receivables). As of July 31, 2026 · N-PORT.
TRZMX Portfolio Holdings
75 holdings of T. Rowe Price Africa & Middle East Fund by percentage of net assets, from the fund's SEC N-PORT filing as of July 31, 2026.
| Holding | Ticker | Sector | % of net assets | Value (USD) |
|---|---|---|---|---|
| Al Rajhi Bank | — | Financials | 10.09% | $10.50M |
| Saudi National Bank/the | — | Financials | 5.82% | $6.05M |
| Anglogold Ashanti PLC | AU | Materials | 4.63% | $4.82M |
| Firstrand Ltd. | — | Financials | 4.62% | $4.81M |
| Qatar National Bank Qpsc | — | Financials | 3.83% | $3.99M |
| Capitec Limited | — | Financials | 3.76% | $3.91M |
| Saudi Arabian Oil Co. | — | Energy | 3.48% | $3.62M |
| Naspers Ltd. | — | Communication Services | 3.34% | $3.48M |
| National Bank of Kuwait Sakp | — | Financials | 3.24% | $3.37M |
| Etihad Etisalat Co. | — | Communication Services | 3.03% | $3.15M |
| First Abu Dhabi Bank Pjsc | — | Financials | 2.82% | $2.94M |
| Mtn Group Ltd. | MTNOF | Information Technology | 2.34% | $2.43M |
| Valterra Platinum Ltd. | — | Materials | 2.06% | $2.14M |
| Prosus NV | — | Information Technology | 1.94% | $2.02M |
| Saudi Awwal Bank | — | Financials | 1.93% | $2.01M |
| Abu Dhabi Commercial Bank Pjsc | — | Financials | 1.65% | $1.71M |
| Boursa Kuwait Securities Co. Kpsc | — | Financials | 1.63% | $1.70M |
| Rasan Information Technology Co. | — | Information Technology | 1.58% | $1.65M |
| Discovery Ltd. | — | Financials | 1.39% | $1.45M |
| Abu Dhabi Ports Co. Pjsc | — | Industrials | 1.24% | $1.29M |
| Absa Group Ltd. | — | Financials | 1.20% | $1.25M |
| Saudi Basic Industries Corp. | — | Materials | 1.19% | $1.24M |
| Co. for Cooperative Insurance/the | — | Financials | 1.16% | $1.20M |
| Aldar Properties Pjsc | — | Real Estate | 1.14% | $1.18M |
| Shoprite Holdings Ltd. | — | Consumer Staples | 1.12% | $1.17M |
| Woolworths Holdings Ltd/south Africa | — | Consumer Discretionary | 1.11% | $1.16M |
| Sustained Infrastructure Holding Co. | — | Industrials | 1.04% | $1.08M |
| Adnoc Drilling Co. Pjsc | — | Energy | 1.04% | $1.08M |
| Outsurance Group Ltd. | — | Financials | 1.02% | $1.07M |
| Gulf Bank Kscp | — | Financials | 1.02% | $1.06M |
| Abu Dhabi Islamic Bank Pjsc | — | Financials | 1.00% | $1.04M |
| Northam Platinum Holdings Ltd. | — | Materials | 0.99% | $1.03M |
| Guaranty Trust Holding Co. PLC | — | Financials | 0.99% | $1.03M |
| Bidvest Group Ltd. | — | Industrials | 0.98% | $1.02M |
| Societe D'exploitation Des Ports | — | Industrials | 0.96% | $994.53K |
| TREASURY RESERVE FUND - Collateral | — | Funds & ETFs | 0.92% | $955.26K |
| Bid Corp. Ltd. | — | Consumer Staples | 0.86% | $890.08K |
| Mr Price Group Ltd. | — | Consumer Discretionary | 0.85% | $884.08K |
| Commercial International Bank - Egypt (cib) | — | Financials | 0.84% | $874.54K |
| Clicks Group Ltd. | — | Consumer Staples | 0.84% | $872.62K |
| Power & Water Utility Co. for Jubail & Yanbu | — | Utilities | 0.81% | $847.52K |
| Qatar Gas Transport Co. Ltd. | — | Energy | 0.79% | $823.85K |
| Industries Qatar Qsc | — | Industrials | 0.77% | $799.31K |
| Adnoc Logistics & Services | — | Industrials | 0.75% | $785.17K |
| Pick N Pay Stores Ltd. | — | Consumer Staples | 0.72% | $748.37K |
| Presight Ai Holding PLC | — | Information Technology | 0.72% | $746.47K |
| Dr Sulaiman Al Habib Medical Services Group Co. | — | Health Care | 0.66% | $682.00K |
| Dangote Cement PLC | — | Materials | 0.61% | $636.42K |
| Aspen Pharmacare Holdings Ltd. | — | Health Care | 0.60% | $624.30K |
| Predictive Discovery Ltd. | — | Materials | 0.55% | $568.69K |
| Montage Gold Corp. | — | Materials | 0.54% | $562.29K |
| Wia Gold Ltd. | — | Materials | 0.53% | $555.29K |
| Fertiglobe PLC | — | Materials | 0.52% | $537.02K |
| Turaco Gold Ltd. | — | Materials | 0.51% | $527.18K |
| Aldrees Petroleum and Transport Services Co. | — | Energy | 0.50% | $519.01K |
| Kefi Gold and Copper PLC | — | Materials | 0.50% | $516.67K |
| Saudia Dairy & Foodstuff Co. | — | Consumer Staples | 0.45% | $466.61K |
| E7 Group Pjsc | — | Equity — Other | 0.44% | $462.20K |
| Americana Restaurants International PLC - Foreign Co. | — | Consumer Discretionary | 0.43% | $450.90K |
| Endeavour Mining PLC | — | Materials | 0.43% | $443.66K |
| Emaar Properties Pjsc | — | Real Estate | 0.42% | $435.95K |
| Dubai Taxi Co. Pjsc | — | Industrials | 0.40% | $417.00K |
| Advanced Petrochemical Co. | — | Materials | 0.38% | $395.98K |
| East Pipes Integrated Co. for Industry | — | Materials | 0.38% | $392.62K |
| Oman India Fertiliser Co. Saog | — | Materials | 0.37% | $389.20K |
| Spinneys 1961 Holding PLC | — | Consumer Staples | 0.34% | $356.14K |
| Nestle Nigeria PLC | — | Consumer Staples | 0.31% | $327.78K |
| Many Peaks Minerals Ltd. | — | Materials | 0.29% | $298.19K |
| Southern Palladium Ltd. | — | Materials | 0.28% | $292.53K |
| Label Vie | — | Consumer Discretionary | 0.28% | $292.11K |
| Alec Holdings Pjsc | — | Industrials | 0.27% | $281.23K |
| Aluminium Bahrain Bsc | — | Materials | 0.26% | $265.34K |
| T2s Group Holding | — | Equity — Other | 0.18% | $188.30K |
| Retal Urban Development Co. | — | Real Estate | 0.17% | $180.91K |
| T. Rowe Price Government Reserve Fund | — | Funds & ETFs | 0.00% | $1.00K |
TRZMX Sector Allocation
T. Rowe Price Africa & Middle East Fund holdings grouped by sector, by share of the portfolio's market value.
| Sector | Weight | Holdings |
|---|---|---|
| Financials | 47.6% | 18 |
| Materials | 14.9% | 18 |
| Information Technology | 6.5% | 4 |
| Industrials | 6.4% | 8 |
| Communication Services | 6.3% | 2 |
| Energy | 5.8% | 4 |
| Consumer Staples | 4.6% | 7 |
| Consumer Discretionary | 2.7% | 4 |
| Real Estate | 1.7% | 3 |
| Health Care | 1.2% | 2 |
| Funds & ETFs | 0.9% | 2 |
| Utilities | 0.8% | 1 |
| Equity — Other | 0.6% | 2 |
TRZMX Country Allocation
Where T. Rowe Price Africa & Middle East Fund's holdings are domiciled, by percentage of net assets (largest 15).
| Country | % of net assets |
|---|---|
| Saudi Arabia | 32.7% |
| South Africa | 27.8% |
| United Arab Emirates | 13.2% |
| Kuwait | 5.9% |
| United Kingdom | 5.5% |
| Qatar | 5.4% |
| Australia | 2.1% |
| Netherlands | 1.9% |
| Nigeria | 1.9% |
| Morocco | 1.4% |
| United States | 0.9% |
| Egypt | 0.8% |
| Canada | 0.5% |
| Oman | 0.4% |
| Bahrain | 0.3% |
TRZMX Portfolio Allocation
Asset-class allocation of T. Rowe Price Africa & Middle East Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
| Cash & Equivalents | 0.9% |
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.