- What does TRAMX invest in?
- This fund typically dedicates a minimum of 80% of its total assets, which includes any capital obtained through borrowing for investment purposes, to companies operating in Africa and the Middle East. While the fund's management does take into account the regional outlook for specific industries and countries, their core investment methodology prioritizes selecting individual stocks based on their intrinsic value (a bottom-up approach). This investment vehicle is classified as non-diversified.
- What is the expense ratio of TRAMX?
- T. Rowe Price Africa & Middle East (TRAMX) charges an expense ratio of 1.30%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is TRAMX?
- T. Rowe Price Africa & Middle East (TRAMX) manages $105.6M 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 TRAMX actively managed or an index fund?
- TRAMX is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TRAMX's is 1.30%) in exchange for the discretion to over- or under-weight positions.
- When was TRAMX launched?
- T. Rowe Price Africa & Middle East (TRAMX) launched in September 2007 and is managed by T. Rowe Price.
- How has TRAMX performed?
- TRAMX'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.
