# T. Rowe Price Africa & Middle East (TRAMX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/tramx 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: 2007-09-05 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. ## Key Facts | Metric | Value | |---|---| | Price | $11.21 | | Expense Ratio | 1.30% | | Assets Under Management | $99.2M | | NAV | $11.21 | | Holdings Count | — | | Distribution Yield (TTM) | 11.06% | | Annual Distribution (TTM) | $1.24 /share | | Distribution Frequency | Annual | | 52-Week Range | $10.88 – $12.79 | | Beta | 0.65 | ## Latest Distribution - Amount: $1.2394 /share - Ex-date: 2025-12-12 - Pay date: 2025-12-15 ## Frequently Asked Questions ### 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 $99.2M 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. ### Does TRAMX pay a dividend? T. Rowe Price Africa & Middle East (TRAMX) currently distributes little or no income. Trailing-twelve-month yield is 11.06%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TRAMX pay dividends? T. Rowe Price Africa & Middle East pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TRAMX's dividend yield? TRAMX's trailing-twelve-month yield is 11.06%, calculated from the sum of dividends over the past year divided by the current price. ### When is TRAMX's next ex-dividend date? The most recently announced ex-dividend date for TRAMX 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 TRAMX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.30% 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 TRAMX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TRAMX'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 TRAMX cost more than a fund like VOO? TRAMX is actively managed (current expense ratio 1.30%). 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 TRAMX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TRAMX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TRAMX (1.30%) 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/tramx - Distribution history: https://www.dividenddata.com/funds/tramx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/tramx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/tramx/expenses - Peer comparison: https://www.dividenddata.com/funds/tramx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.