Fund Evaluator:
T. Rowe Price International Eq Index (PIEQX)
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Best Performing in Foreign Large Blend Over the Last Year
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Fund Details
T. Rowe Price International Eq Index Overview
T. Rowe Price International Eq Index (PIEQX) is a passively managed International Equity Foreign Large Blend fund. T. Rowe Price launched the fund in 2000.
The investment seeks long-term capital growth. The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in stocks that are held in the MSCI EAFE Index Net. The advisor uses a full replication strategy, which involves investing substantially all of its assets in all of the stocks in the index in proportion to each stock’s weight in the index. The index is designed to represent the performance of large- and mid-cap securities across developed markets other than the U.S. and Canada.
About T. Rowe Price International Eq Index (PIEQX)
There are 1 members of the management team with an average tenure of 19.35 years: Neil Smith (2007). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. T. Rowe Price International Eq Index has 697 securities in its portfolio. The top 10 holdings constitute 14.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
T. Rowe Price International Eq Index is part of the Equity global asset class and is within the International Equity fund group. T. Rowe Price International Eq Index has 98.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.1%. There is 98.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). T. Rowe Price International Eq Index has -0.0% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $2 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PIEQX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The T. Rowe Price International Eq Index expense ratio is below average compared to funds in the Foreign Large Blend category. T. Rowe Price International Eq Index has an expense ratio of 0.25%, which is 73% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. T. Rowe Price International Eq Index has a portfolio turnover rate of 8%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 61% for the Foreign Large Blend category.
Recently, in the month of June 2026, T. Rowe Price International Eq Index returned 0.5%, which earned it a grade of C, as the Foreign Large Blend category had an average return of 0.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
T. Rowe Price International Eq Index has a trailing yield of 2.90%, which is above the 2.19% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
T. Rowe Price International Eq Index Grades
Year to date, the fund has returned 10.0%, 0.9 percentage points worse than the category, which translates into a grade of C. The fund has returned 20.0% over the past year (grade of C), 16.3% over the past three years (grade of C) and 9.0% per year over the past five years (grade of B) and 9.6% per year over the past 10 years (grade of C).
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PIEQX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PIEQX Return (NAV) | 0.5% | 8.9% | 20.0% | 16.3% | 9.0% | 9.6% |
| PIEQX Grade | C | D | C | C | B | C |
| +/- Category | 0.1% | -1.8% | -1.3% | -0.3% | 0.8% | 0.1% |
| Foreign Large Blend Avg | 0.5% | 10.6% | 21.3% | 16.7% | 8.2% | 9.5% |
| PIEQX Tax Cost Ratio | na | na | 1.3% | 1.2% | 1.2% | 1.1% |
PIEQX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PIEQX Return (NAV) | 10.0% | 31.4% | 3.4% | 18.0% | -14.5% | 11.0% | 9.2% | 21.0% | -14.3% | 26.4% | 1.4% |
| PIEQX Grade | C | C | D | B | B | C | C | D | B | C | C |
| +/- Category | -0.9% | 0.9% | -1.5% | 1.8% | 1.8% | 0.9% | -2.6% | -2.0% | 1.0% | 0.1% | 0.5% |
| Foreign Large Blend Avg | 10.9% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 12.8% |
| Total Risk Index: | 1.05 - Above Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (53% Rank) |
| Beta: | 0.87 |
| R-Squared: | 88% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1221 Mil |
| Fund Total Assets: | $1,221 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 9% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 19.4 years | |||
| Average Tenure: 19.4 years | |||
| Managers (Year): Smith Neil (2007) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 697 |
| % in Top 10 Holdings: | 14.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.7% |
Portfolio Allocation |
|
| Domestic Stock: | 1.1% |
| Foreign Stock: | 98.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | -0.0% |
Purchase Information
| Fund Family: | T. Rowe Price |
| Phone Number: | 800-638-5660 |
| Website: | www.troweprice.com |
| Status: | Open |
| Inception Date: | November 30, 2000 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.25% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | T. Rowe Price International Eq Index |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
