PDF《Japan Fund》

42 Japan Stock funds, as of 3/31/2019, based on risk-adjusted total return. Ratings are determined monthly and subject to change. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. SECTOR DIVERSIFICATION It & Services & Others Elec App & Prec Instr Machi- nery Raw Ma- terials And Chemi- cals Auto & Tranp Equip Retail Trade Pharma- ceutical Foods Real Es- tate Steel And Nonfer- rous Metals Other Japan Fund 31.7% 12.4% 12.1% 8.1% 7.6% 6.7% 6.2% 5.3% 3.1% 2.2% 3.0% TOPIX Index 15.2 15.0 4.9 8.4 8.6 4.7 5.9 4.5 2.6 1.7 28.4 Over/Underweight 16.4 -2.7 7.1 -0.2 -0.9 2.0 0.3 0.8 0.5 0.4 -25.4 Definitions Beta: A measure of market risk of an investment option that shows how responsive the investment is to a given market index, such as the Standard & Poor's

500 Index. By definition, the beta of the benchmark is 1.00. An investment with a beta of 1.10 is expected to perform 10% better than the index in up markets and 10% worse in down markets. Usually, higher betas represent riskier investments. Additional Disclosures Morningstar rated the fund 5, 4, and

3 stars among 42,

27 and

14 Japan Stock funds for the 3-, 5-, and 10-year periods (as applicable) ending 3/31/2019, respectively. The Morningstar Rating? for funds, or "star rating", is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive

5 stars, the next 22.5% receive

4 stars, the next 35% receive

3 stars, the next 22.5% receive

2 stars, and the bottom 10% receive

1 star. Source for Morningstar data: ?

2019 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers;

(2) may not be copied or distributed;

and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Source for MSCI data: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI. MSCI index returns are shown with gross dividends reinvested. The information shown does not reflect any ETFs that may be held in the portfolio. Source for Sector Diversification: Tokyo Stock Exchange. T. Rowe Price uses TOPIX sectors and industries for sector and industry reporting for this product. Diversification exhibits may not add to 100% due to exclusion or inclusion of cash. "Other" includes any categories not explicitly mentioned. Certain numbers in this report may not equal stated totals due to rounding. Unless otherwise stated, data is as of the report date. ?

2019 T. Rowe Price. All rights reserved. T. ROWE PRICE, INVEST WITH CONFIDENCE, and the Bighorn Sheep design are, collectively and/or apart, trademarks or registered trademarks of T. Rowe Price Group, Inc. T. Rowe Price Investment Services, Inc., Distributor. 201708-238190