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Is T. Rowe Price Global Growth Stock Retail (RPGEX) a Strong Mutual Fund Pick Right Now?
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If you've been stuck searching for Global - Equity funds, you might want to consider passing on by T. Rowe Price Global Growth Stock Retail (RPGEX - Free Report) as a possibility. RPGEX has a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance.
Objective
Zacks categorizes RPGEX as Global - Equity, which is a segment packed with options. Global - Equity mutual funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations. They also provide an investment technique that leverages the diverse nature of the global economy in the hopes of providing a stable return.
History of Fund/Manager
T. Rowe Price is based in Baltimore, MD, and is the manager of RPGEX. T. Rowe Price Global Growth Stock Retail made its debut in October of 2008, and since then, RPGEX has accumulated about $356.82 million in assets, per the most up-to-date date available. The fund's current manager, R. Scott Berg, has been in charge of the fund since October of 2008.
Performance
Of course, investors look for strong performance in funds. This fund carries a 5-year annualized total return of 11.56%, and it sits in the middle third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of -2.45%, which places it in the bottom third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of RPGEX over the past three years is 17.37% compared to the category average of 1%. Over the past 5 years, the standard deviation of the fund is 18.89% compared to the category average of 54%. This makes the fund less volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 0.97, the fund is likely to be as volatile as the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. RPGEX's 5-year performance has produced a negative alpha of -3.28, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, RPGEX is a no load fund. It has an expense ratio of 0.91% compared to the category average of 69%. RPGEX is actually cheaper than its peers when you consider factors like cost.
Investors should also note that the minimum initial investment for the product is $2,500 and that each subsequent investment needs to be at $100
Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included.
Bottom Line
Overall, even with its comparatively similar performance, better downside risk, and lower fees, T. Rowe Price Global Growth Stock Retail ( RPGEX ) has a low Zacks Mutual Fund rank, and therefore looks a somewhat weak choice for investors right now.
Your research on the Global - Equity segment doesn't have to stop here. You can check out all the great mutual fund tools we have to offer by going to www.zacks.com/funds/mutual-funds to see the additional features we offer as well for additional information. If you want to check out our stock reports as well, make sure to go to Zacks.com to see all of the great tools we have to offer, including our time-tested Zacks Rank.
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If you've been stuck searching for Global - Equity funds, you might want to consider passing on by T. Rowe Price Global Growth Stock Retail (RPGEX - Free Report) as a possibility. RPGEX has a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance.
Objective
Zacks categorizes RPGEX as Global - Equity, which is a segment packed with options. Global - Equity mutual funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations. They also provide an investment technique that leverages the diverse nature of the global economy in the hopes of providing a stable return.
History of Fund/Manager
T. Rowe Price is based in Baltimore, MD, and is the manager of RPGEX. T. Rowe Price Global Growth Stock Retail made its debut in October of 2008, and since then, RPGEX has accumulated about $356.82 million in assets, per the most up-to-date date available. The fund's current manager, R. Scott Berg, has been in charge of the fund since October of 2008.
Performance
Of course, investors look for strong performance in funds. This fund carries a 5-year annualized total return of 11.56%, and it sits in the middle third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of -2.45%, which places it in the bottom third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of RPGEX over the past three years is 17.37% compared to the category average of 1%. Over the past 5 years, the standard deviation of the fund is 18.89% compared to the category average of 54%. This makes the fund less volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 0.97, the fund is likely to be as volatile as the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. RPGEX's 5-year performance has produced a negative alpha of -3.28, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, RPGEX is a no load fund. It has an expense ratio of 0.91% compared to the category average of 69%. RPGEX is actually cheaper than its peers when you consider factors like cost.
Investors should also note that the minimum initial investment for the product is $2,500 and that each subsequent investment needs to be at $100
Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included.
Bottom Line
Overall, even with its comparatively similar performance, better downside risk, and lower fees, T. Rowe Price Global Growth Stock Retail ( RPGEX ) has a low Zacks Mutual Fund rank, and therefore looks a somewhat weak choice for investors right now.
Your research on the Global - Equity segment doesn't have to stop here. You can check out all the great mutual fund tools we have to offer by going to www.zacks.com/funds/mutual-funds to see the additional features we offer as well for additional information. If you want to check out our stock reports as well, make sure to go to Zacks.com to see all of the great tools we have to offer, including our time-tested Zacks Rank.