PDF《Japan Fund》

FACT SHEET Japan Fund As of March 31,

2019 BENEFITS AND RISKS n Over long periods, international investing offers diversification benefits relative to an all-U.

S. portfolio. n Investing internationally involves special risks including currency fluctuation, political and economic uncertainty, differing regulatory environments and accounting standards, and uncertain tax laws. Mar-09 Mar-11 Mar-13 Mar-15 Mar-17 Mar-19 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 CUMULATIVE RETURNS Growth of $10,000 PERFORMANCE (NAV, total return) Annualized Three Months One Year Three Years Five Years Ten Years Fifteen Years Japan Fund 10.76% -6.97% 12.12% 9.71% 11.31% 4.65% TOPIX Index 6.80 -8.76 8.62 6.47 8.50 3.52 MSCI Japan Index 6.85 -7.50 8.43 5.97 8.23 3.52 Current performance may be lower or higher than the quoted past performance, which is not a reliable indicator of future performance. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. To obtain the most recent month-end performance, please call 1-855-405-6488 or visit troweprice.com. Consider the investment objectives, risks, and charges and expenses carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, call 1-855-405-6488 or visit troweprice.com. Read it carefully. The average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions. The fund(s) may have other share classes available that offer different investment minimums and fees. See the prospectus for details. INVESTMENT OBJECTIVE AND STRATEGY The fund seeks long-term growth of capital through investments in common stocks of companies located (or with primary operations) in Japan. n Focus on companies capable of achieving and sustaining above-average, long-term earnings growth and cash flow over the economic cycle. n Favor companies with leading market position, technological leadership or proprietary advantage, and seasoned management. n The fund is constructed from the "bottom-up" to include the most compelling businesses. Portfolio Manager: Archibald Ciganer Managed Fund Since:

2013 Joined Firm:

2007 FUND INFORMATION Symbol PRJPX

1 CUSIP 77956H708

2 Inception Date of Fund December 30,

1991 3 Benchmark TOPIX Index

4 Expense Information (as of the most recent Prospectus)* 0.96% (Gross) 0.95% (Net)

5 Fiscal Year End October

31 6 Total Annual Operating Expenses per $1,000 $9.60 (Gross) $9.50 (Net)

7 12B-1 Fee C

8 Portfolio Holdings Turnover? 41.9%

9 Total Assets (all share classes) $791,985,928

1 0 Percent of Portfolio in Cash 1.7%

1 1 Beta 0.89

1 2 *The Fund operates under a contractual expense limitation that expires on February 28, 2021. As a result of other class' expense limitations, T. Rowe Price Associates, Inc. waived fund-level expenses ratably across all classes. ?Portfolio Turnover represents

1 year period ending 12/31/18. Japan Fund $29,204 TOPIX Index $22,600 Japan Fund As of March 31,

2019 TOP

10 ISSUERS Industry % of Fund % of TOPIX Index SOFTBANK GROUP CORP Communication 4.5% 1.9% Keyence Electric Appliances 3.2 1.5 Nippon Telegraph & Telephone Communication 3.1 1.4 GMO Payment Gateway Communication 3.0 0.1 Takeda Pharmaceutical Pharmaceutical 2.8 1.7 Miura Machinery 2.7 0.0 Solasto Services 2.5 0.0 Chugai Pharmaceutical Pharmaceutical 2.5 0.3 Daio Paper Pulp And Paper 2.3 0.0 Suzuki Motor Transportation Equipment 2.3 0.4 MORNINGSTAR? Overall Morningstar Rating? HHHH Morningstar Category? Japan Stock Rated against