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Morningstar

T. Rowe Price European Stock PRESX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 26.26  /  +0.42 %
  • Total Assets 993.0 Mil
  • Adj. Expense Ratio
    1.030%
  • Expense Ratio 1.030%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Europe Stock
  • Investment Style Large Growth
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 1.71%
  • Turnover 49%

USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 10:16 PM GMT+0

Morningstar’s Analysis PRESX

Will PRESX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRESX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PRESX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PRESX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Tobias Mueller still needs to prove himself across market cycles all the while also dealing with people churn.

Analyst Harsh Jain

Harsh Jain

Analyst

Summary

Tobias Mueller took over this strategy in October 2020, following the departure of long-tenured portfolio manager Dean Tenerelli. While we believe this strategy has good potential, the manager’s process has been in practice for a relatively short time and faced style headwinds over his tenure. Further, the lead manager’s experience, though increased, it is still unproven, and the team, while reasonably staffed, has shrunk and experienced some people churn. We therefore exercise caution and continue to watch it develop. As a result, the People as well as Process Pillar ratings remain Average.

by Harsh Jain
Rated on Published on

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Portfolio Holdings PRESX

More PRESX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 33.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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Healthcare

ASML Holding NV

5.28 52.0 Mil
Technology

SAP SE

3.44 33.9 Mil
Technology

AstraZeneca PLC

3.24 31.9 Mil
Healthcare

Lvmh Moet Hennessy Louis Vuitton SE

2.96 29.2 Mil
Consumer Cyclical

TotalEnergies SE

2.82 27.8 Mil
Energy

Siemens AG

2.78 27.4 Mil
Industrials

Unilever PLC

2.47 24.3 Mil
Consumer Defensive

Deutsche Telekom AG

2.27 22.4 Mil
Communication Services

Allianz SE

2.26 22.3 Mil
Financial Services