Fund Evaluator:

T. Rowe Price Global Impact Equity Inv Overview

T. Rowe Price Global Impact Equity Inv (TGPEX) is an actively managed International Equity Global Large-Stock Growth fund. T. Rowe Price launched the fund in 2021.

The investment seeks long-term growth of capital. The fund normally invests at least 80% of the fund’s net assets (plus any borrowings for investment purposes) in equity securities that are capable of generating a positive environmental and/or social impact. The fund typically invests in at least five countries, including the U.S., and the amount of the fund’s assets invested outside the U.S. will vary depending on the adviser’s outlook for market conditions and opportunities overseas versus those in the U.S. However, the fund typically invests at least 25% of its net assets in securities of foreign issuers.

About T. Rowe Price Global Impact Equity Inv (TGPEX)

There are 1 members of the management team with an average tenure of 5.38 years: Harishankar Balkrishna (2021). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Lipper Global Multi Cap Core Fund index with a weighting of 100%. T. Rowe Price Global Impact Equity Inv has 78 securities in its portfolio. The top 10 holdings constitute 23.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.

T. Rowe Price Global Impact Equity Inv is part of the Equity global asset class and is within the International Equity fund group. T. Rowe Price Global Impact Equity Inv has 43.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 56.5%. There is 43.2% 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 Global Impact Equity Inv has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $13 million in total assets, which is below the $988 million average for the Global Large-Stock Growth 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.

TGPEX 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 Global Impact Equity Inv expense ratio is high compared to funds in the Global Large-Stock Growth category. T. Rowe Price Global Impact Equity Inv has an expense ratio of 0.94%, which is 16% lower than its category average, making the fund expense ratio grade a B. 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 Global Impact Equity Inv has a portfolio turnover rate of 92%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 47% for the Global Large-Stock Growth category.

Recently, in the month of July 2026, T. Rowe Price Global Impact Equity Inv returned -4.7%, which earned it a grade of D, as the Global Large-Stock Growth category had an average return of -2.4%. 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 Global Impact Equity Inv has a trailing yield of 0.32%, which is above the 0.27% category average. The fund normally distributes its income 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 Global Impact Equity Inv Grades

Year to date, the fund has returned 7.0%, 0.9 percentage points better than the category, which translates into a grade of B. The fund has returned 12.4% over the past year (grade of C), 7.7% over the past three years (grade of F) and 2.5% per year over the past five years (grade of F).

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