0000313212-18-000080.txt : 20180730 0000313212-18-000080.hdr.sgml : 20180730 20180730090718 ACCESSION NUMBER: 0000313212-18-000080 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180730 DATE AS OF CHANGE: 20180730 EFFECTIVENESS DATE: 20180730 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price International Funds, Inc. CENTRAL INDEX KEY: 0000313212 IRS NUMBER: 521175211 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 002-65539 FILM NUMBER: 18976252 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE INTERNATIONAL FUNDS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE INTERNATIONAL TRUST DATE OF NAME CHANGE: 19900301 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE INTERNATIONAL FUND INC DATE OF NAME CHANGE: 19890914 0000313212 S000042685 T. Rowe Price Global Industrials Fund C000131942 T. Rowe Price Global Industrials Fund RPGIX C000190555 T. Rowe Price Global Industrials Fund- I Class TRGAX 497K 1 diversificationpolicypr-may5.htm Untitled Document

T. Rowe Price Communications & Technology Fund

 (formerly T. Rowe Price Media & Telecommunications Fund)

T. Rowe Price Financial Services Fund

T. Rowe Price Global Consumer Fund

T. Rowe Price Global Industrials Fund

T. Rowe Price Global Technology Fund

T. Rowe Price Health Sciences Fund

T. Rowe Price New Era Fund

T. Rowe Price Real Estate Fund

T. Rowe Price Science & Technology Fund

 (together, the “Sector Funds”)

Supplement to Each Sector Fund’s Summary Prospectus, Dated May 1, 2018, as supplemented

On July 25, 2018, each Sector Fund’s shareholders approved a proposal to reclassify each Sector Fund’s diversification policy for SEC purposes from diversified to nondiversified. The change to the policy becomes effective on August 1, 2018. Accordingly, all of the following changes to each Sector Fund’s summary prospectus are effective August 1, 2018.

Under “Principal Investment Strategies” in Section 1 of each Sector Fund’s summary prospectus, the following is added:

The fund is “nondiversified,” meaning it may invest a greater portion of its assets in fewer issuers than is permissible for a “diversified” fund.

Under “Principal Risks” in Section 1 of each Sector Fund’s summary prospectus, the following is added:

Nondiversification risks As a nondiversified fund, the fund has the ability to invest a larger percentage of its assets in the securities of a smaller number of issuers than a diversified fund. As a result, poor performance by a single issuer could adversely affect fund performance more than if the fund were invested in a larger number of issuers. The fund’s share price can be expected to fluctuate more than that of a comparable diversified fund.

The date of this supplement is July 30, 2018.

F114-042-S 7/30/2018