TRIGX
TRPrice International Value Equity-Inv
A Strategic Blend of Growth and Value
The TRPrice International Value Equity-Inv (TRIGX) fund is designed to offer investors a strategic blend of growth and value by investing in large-cap, dividend-paying companies outside the United States. This approach allows the fund to capitalize on undervalued opportunities while also benefiting from growth potential in international markets. The fund’s investment strategy is particularly appealing to those looking for a diversified portfolio that balances risk and reward. By focusing on large-cap companies, TRIGX aims to provide stability and consistent returns, making it a suitable choice for investors seeking long-term capital appreciation.
At A Glance
Executive Summary
TRIGX offers a blend of growth and value in large-cap foreign stocks with a competitive 0.85% expense ratio and 2.47% yield.
Blend of growth and value strategies; Strong 1-year return of 17.93%; Diversified international exposure.
Higher expense ratio than some peers; Limited U.S. equity exposure; Potential currency risk.
Impressive Recent Performance
TRIGX has demonstrated impressive performance over the past year, with a 1-year return of 17.93%, outperforming its benchmark, the MSCI ACWI xUS DivAdj Index, which returned 17.25% over the same period. This strong performance can be attributed to the fund’s strategic allocation in sectors such as financials and healthcare, which have shown resilience and growth potential. The fund’s ability to outperform its benchmark highlights its effective management and strategic asset allocation, making it an attractive option for investors looking for robust international exposure.
Diverse Portfolio Composition
The fund’s portfolio is diversified across various sectors, with significant allocations in financials (26.82%), industrials (15.42%), and healthcare (12.74%). This sector diversification helps mitigate risks associated with market volatility and economic downturns. Additionally, the fund’s top holdings, including AstraZeneca PLC ADR and Rolls-Royce Holdings PLC, reflect its focus on established, high-quality companies with strong growth prospects. The fund’s emphasis on large-cap stocks, which make up 37.11% of its portfolio, further enhances its stability and potential for consistent returns.
Competitive Expense Ratio and Yield
With an expense ratio of 0.85%, TRIGX offers a competitive cost structure compared to other funds in its category. This is particularly noteworthy given the fund’s strong performance and strategic international focus. Additionally, the fund provides a yield of 2.47%, offering investors a steady income stream alongside capital appreciation. This combination of a reasonable expense ratio and attractive yield makes TRIGX a compelling choice for investors seeking both growth and income from their international investments.
Risk Metrics and Volatility Management
TRIGX exhibits a beta of 1.05, indicating a slightly higher volatility compared to the market, but its alpha of 0.66% suggests that the fund has been able to generate excess returns relative to its benchmark. The fund’s Sharpe ratio of 0.05 and Treynor ratio of 0.63 further demonstrate its ability to manage risk effectively while delivering returns. The fund’s downside risk (UI) of 2.15 and max drawdown of -7.7% highlight its resilience in adverse market conditions, making it a suitable option for risk-averse investors seeking international exposure.
Comparison with Similar Funds
When compared to similar funds such as Nationwide Global Sustainable Equity-R6 (GGEIX) and BNY Mellon Global Stock-I (DGLRX), TRIGX holds its ground with a strong 1-year return of 17.93%. While some peers offer higher returns, TRIGX’s blend of growth and value, along with its strategic sector allocation, provides a balanced approach that may appeal to investors seeking stability and diversification. Its expense ratio of 0.85% is higher than some competitors, but the fund’s performance and yield justify the cost for many investors.
Investor Suitability and Strategic Fit
TRIGX is well-suited for investors looking for a diversified international fund that combines growth and value strategies. Its focus on large-cap, dividend-paying companies provides a stable foundation for long-term growth, while its sector diversification offers protection against market volatility. The fund’s competitive yield and expense ratio further enhance its appeal, making it an ideal choice for investors seeking a balanced approach to international investing. However, those with a preference for lower-cost options or higher U.S. equity exposure may need to consider other alternatives.
Conclusion: A Balanced Approach to International Investing
In conclusion, TRIGX stands out as a well-rounded option for investors seeking international exposure with a blend of growth and value. Its strong recent performance, competitive yield, and strategic sector allocation make it a compelling choice for those looking to diversify their portfolios. While the fund’s expense ratio is higher than some peers, its ability to deliver consistent returns and manage risk effectively justifies the cost for many investors. TRIGX is particularly suitable for those seeking a balanced approach to international investing, offering both stability and growth potential.
Similar Securities
TRIGX: T. Rowe Price International Value Equity | Foreign-Large Value Fund
TRIGX offers a blend of growth and value in large-cap foreign stocks with a competitive 0.85% expense ratio and 2.47% yield.
HDAVX: Janus Henderson Responsible Int'l Div-A | High Yield Global Value Fund
HDAVX offers a 2.07% yield with a focus on global value stocks, outperforming its benchmark with a 19.49% 1-year return.
MEURX: Franklin Mutual European-Z | European Value Investment
MEURX offers European value exposure with a 0.95% expense ratio and 2.48% yield, focusing on capital appreciation and income.
HFQAX: Janus Henderson Global Equity Income-A | High Income & Growth
HFQAX offers a high 7.83% yield with a focus on income-producing equities, suitable for value investors seeking global exposure.
TEMFX: Templeton Foreign-A | Global Value Investment
TEMFX offers diversified foreign equity exposure with a focus on value. It stands out with a 2.44% yield and a strategic allocation in financials and cyclicals.
Futher Reading
https://www.morningstar.com/funds/xnas/TRIGX/quote
https://finance.yahoo.com/quote/TRIGX/”>Yahoo: TRPrice International Value Equity-Inv
https://ftcloud.fasttrack.net/web/chart/TRIGX
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