# T. Rowe Price New Asia Fund (PRASX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/prasx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: T. Rowe Price · Asset class: Equity - Strategy: Actively Managed · Inception: 1990-09-28 The T. Rowe Price New Asia Fund aims to achieve sustained capital growth over the long term. It does this by primarily allocating its investments to the equity securities of companies either based in or with their main operations in Asian countries, specifically excluding Japan. Typically, a significant portion — at least 80% — of its net assets (which includes any funds borrowed for investment purposes) will be committed to these non-Japanese Asian enterprises. For the purpose of identifying eligible companies to meet this 80% threshold, the fund relies on country classifications provided... ## Key Facts | Metric | Value | |---|---| | Price | $23.49 | | Expense Ratio | 1.03% | | Assets Under Management | $2.41B | | NAV | $23.49 | | Holdings Count | — | | Distribution Yield (TTM) | 0.56% | | Annual Distribution (TTM) | $0.13 /share | | Distribution Frequency | Annual | | 52-Week Range | $20.13 – $27.90 | | Beta | 1.05 | ## Latest Distribution - Amount: $0.1313 /share - Ex-date: 2025-12-12 - Pay date: 2025-12-15 ## Frequently Asked Questions ### What does PRASX invest in? The T. Rowe Price New Asia Fund aims to achieve sustained capital growth over the long term. It does this by primarily allocating its investments to the equity securities of companies either based in or with their main operations in Asian countries, specifically excluding Japan. Typically, a significant portion — at least 80% — of its net assets (which includes any funds borrowed for investment purposes) will be committed to these non-Japanese Asian enterprises. For the purpose of identifying eligible companies to meet this 80% threshold, the fund relies on country classifications provided by independent data sources like MSCI, Inc. or similar unaffiliated providers. It operates as a non-diversified portfolio. ### What is the expense ratio of PRASX? T. Rowe Price New Asia Fund (PRASX) charges an expense ratio of 1.03%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PRASX? T. Rowe Price New Asia Fund (PRASX) manages $2.41B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PRASX actively managed or an index fund? PRASX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PRASX's is 1.03%) in exchange for the discretion to over- or under-weight positions. ### When was PRASX launched? T. Rowe Price New Asia Fund (PRASX) launched in September 1990 and is managed by T. Rowe Price. ### How has PRASX performed? PRASX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PRASX pay a dividend? T. Rowe Price New Asia Fund (PRASX) currently distributes little or no income. Trailing-twelve-month yield is 0.56%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PRASX pay dividends? T. Rowe Price New Asia Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PRASX's dividend yield? PRASX's trailing-twelve-month yield is 0.56%, calculated from the sum of dividends over the past year divided by the current price. ### When is PRASX's next ex-dividend date? The most recently announced ex-dividend date for PRASX was 2025-12-12. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will PRASX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.03% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PRASX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PRASX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PRASX cost more than a fund like VOO? PRASX is actively managed (current expense ratio 1.03%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PRASX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PRASX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PRASX (1.03%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/prasx - Distribution history: https://www.dividenddata.com/funds/prasx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/prasx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/prasx/expenses - Peer comparison: https://www.dividenddata.com/funds/prasx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.