Fund Evaluator:
T. Rowe Price Glbl Val Eq (TRGVX)
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Best Performing in Global Large-Stock Value Over the Last Year
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| 39.6% | LSV Global Value Investor (LVAGX) |
| 39.2% | AMG Yacktman Focused N (YAFFX) |
| 38.2% | T. Rowe Price Glbl Val Eq (TRGVX) |
| 36.5% | PGIM Jennison Global Equity Income Z (JDEZX) |
Fund Details
T. Rowe Price Glbl Val Eq Overview
T. Rowe Price Glbl Val Eq (TRGVX) is an actively managed International Equity Global Large-Stock Value fund. T. Rowe Price launched the fund in 2020.
The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities issued by companies throughout the world. It 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.
About T. Rowe Price Glbl Val Eq (TRGVX)
There are 1 members of the management team with an average tenure of 13.94 years: Sebastien Mallet (2012). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI World NR USD index with a weighting of 100% and MSCI World Value NR USD index with a weighting of 100%. T. Rowe Price Glbl Val Eq has 103 securities in its portfolio. The top 10 holdings constitute 18.2% 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 Glbl Val Eq is part of the Equity global asset class and is within the International Equity fund group. T. Rowe Price Glbl Val Eq has 44.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 53.5%. There is 44.9% 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 Glbl Val Eq has 1.6% of the portfolio in cash.
Assets Under Management
The fund has $215 million in total assets, which is below the $492 million average for the Global Large-Stock Value 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.
TRGVX 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 Glbl Val Eq expense ratio is high compared to funds in the Global Large-Stock Value category. T. Rowe Price Glbl Val Eq has an expense ratio of 0.89%, 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 Glbl Val Eq has a portfolio turnover rate of 76%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Global Large-Stock Value category.
Recently, in the month of June 2026, T. Rowe Price Glbl Val Eq returned -0.7%, which earned it a grade of D, as the Global Large-Stock Value category had an average return of -0.1%. 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 Glbl Val Eq has a trailing yield of 1.66%, which is below the 1.80% 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 Glbl Val Eq Grades
Year to date, the fund has returned 17.5%, 7.8 percentage points better than the category, which translates into a grade of A. The fund has returned 38.2% over the past year (grade of A), 22.7% over the past three years (grade of A) and 13.1% per year over the past five years (grade of A) and 12.7% per year over the past 10 years (grade of A).
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TRGVX 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 |
|
| TRGVX Return (NAV) | -0.7% | 13.8% | 38.2% | 22.7% | 13.1% | 12.7% |
| TRGVX Grade | D | A | A | A | A | A |
| +/- Category | -0.6% | 5.3% | 17.2% | 5.9% | 2.9% | 2.3% |
| Global Large-Stock Value Avg | -0.1% | 8.5% | 21.0% | 16.8% | 10.2% | 10.4% |
| TRGVX Tax Cost Ratio | na | na | 2.0% | 1.5% | 1.3% | na |
TRGVX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TRGVX Return (NAV) | 17.5% | 30.8% | 13.2% | 13.0% | -8.1% | 15.8% | 11.3% | 25.6% | -13.7% | 19.6% | 9.5% |
| TRGVX Grade | A | A | A | C | C | F | A | A | F | C | B |
| +/- Category | 7.8% | 6.3% | 3.4% | -1.8% | 1.1% | -3.4% | 6.7% | 2.6% | -3.2% | 0.6% | 0.2% |
| Global Large-Stock Value Avg | 9.7% | 24.5% | 9.8% | 14.8% | -9.1% | 19.2% | 4.5% | 23.0% | -10.5% | 19.0% | 9.3% |
| Risk Measures | |
| Standard Deviation: | 13.5% |
| Total Risk Index: | 1.11 - Above Average |
| Category Risk Index: | 1.16 - High |
| Category Risk Grade: | F (93% Rank) |
| Beta: | 0.96 |
| R-Squared: | 82% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.7% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $300 Mil |
| Fund Total Assets: | $ 216 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 77% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 13.9 years | |||
| Average Tenure: 13.9 years | |||
| Managers (Year): Mallet Sebastien (2012) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 103 |
| % in Top 10 Holdings: | 18.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 44.9% |
Portfolio Allocation |
|
| Domestic Stock: | 53.5% |
| Foreign Stock: | 44.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.6% |
Purchase Information
| Fund Family: | T. Rowe Price |
| Phone Number: | 800-638-5660 |
| Website: | www.troweprice.com |
| Status: | Open |
| Inception Date: | March 2, 2020 |
| 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 (%): | 0.89% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.06% |
| Share Class: | T. Rowe Price Glbl Val Eq Cl I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
