T.

ROWE

PRICE

Global

Growth

Stock

Fund

January

31,

2023

(Unaudited)

1

Portfolio

of

Investments

‡

Shares

$

Value

(

Cost

and

value

in

$000s)

‡

ARGENTINA

0.6%

Common

Stocks

0.6%

MercadoLibre

(USD) (1)

5,006‌

5,916‌

Total

Argentina

(Cost

$1,608

)

5,916‌

AUSTRALIA

1.3%

Common

Stocks

1.3%

BHP

Group 

126,785‌

4,440‌

South32 

1,188,436‌

3,814‌

Worley 

373,791‌

4,103‌

Total

Australia

(Cost

$11,314

)

12,357‌

BELGIUM

0.1%

Common

Stocks

0.1%

Umicore 

30,856‌

1,166‌

Total

Belgium

(Cost

$913

)

1,166‌

BRAZIL

0.8%

Common

Stocks

0.8%

NU

Holdings,

Class

A

(USD) (1)

1,377,627‌

6,406‌

Rede

D'Or

Sao

Luiz 

181,937‌

1,144‌

Total

Brazil

(Cost

$7,506

)

7,550‌

CANADA

2.0%

Common

Stocks

1.9%

Brookfield

(USD) 

61,771‌

2,298‌

Brookfield

Asset

Management,

Class

A

(USD) (1)

32,624‌

1,065‌

National

Bank

of

Canada 

72,786‌

5,468‌

Nutrien

(USD) 

54,080‌

4,477‌

Shopify,

Class

A

(USD) (1)

55,517‌

2,735‌

Sun

Life

Financial

(USD) 

43,735‌

2,197‌

18,240‌

Limited

Partnerships

0.1%

Brookfield

Renewable

Partners

(USD) 

48,100‌

1,402‌

1,402‌

Total

Canada

(Cost

$15,228

)

19,642‌

T.

ROWE

PRICE

Global

Growth

Stock

Fund

2

Shares

$

Value

(Cost

and

value

in

$000s)

CAYMAN

ISLANDS

0.5%

Common

Stocks

0.1%

ANT

International,

Class

C,

Acquisition

Date:

6/7/18,

Cost $2,115

(USD) (1)(2)(3)

554,948‌

1,127‌

1,127‌

Convertible

Preferred

Stocks

0.4%

ByteDance,

Series

E,

Acquisition

Date:

7/8/19,

Cost $1,202

(USD) (1)(2)(3)

24,387‌

4,081‌

4,081‌

Total

Cayman

Islands

(Cost

$3,317

)

5,208‌

CHINA

4.5%

Common

Stocks

3.7%

Alibaba

Group

Holding

(HKD) (1)

416,768‌

5,730‌

China

Resources

Mixc

Lifestyle

Services

(HKD) 

504,400‌

2,906‌

JD

Health

International

(HKD) (1)

239,500‌

1,989‌

JD.com,

Class

A

(HKD) 

123,648‌

3,671‌

Kanzhun,

ADR

(USD) (1)

125,663‌

3,052‌

Kingdee

International

Software

Group

(HKD) (1)

982,000‌

2,143‌

Li

Auto,

Class

A

(HKD) (1)

105,800‌

1,295‌

Meituan,

Class

B

(HKD) (1)

123,400‌

2,759‌

Tencent

Holdings

(HKD) 

134,000‌

6,530‌

Tsingtao

Brewery,

Class

H

(HKD) 

280,000‌

2,703‌

Wuxi

Biologics

Cayman

(HKD) (1)

395,500‌

3,303‌

36,081‌

Common

Stocks

-

China

A

Shares

0.8%

Glodon,

A

Shares

(CNH) 

471,200‌

4,572‌

Hundsun

Technologies,

A

Shares

(CNH) 

320,180‌

2,246‌

NARI

Technology,

A

Shares

(CNH) 

382,172‌

1,498‌

8,316‌

Total

China

(Cost

$38,267

)

44,397‌

FINLAND

0.2%

Common

Stocks

0.2%

Sampo,

Class

A 

44,707‌

2,347‌

Total

Finland

(Cost

$1,964

)

2,347‌

T.

ROWE

PRICE

Global

Growth

Stock

Fund

3

Shares

$

Value

(Cost

and

value

in

$000s)

FRANCE

1.9%

Common

Stocks

1.9%

Airbus 

45,435‌

5,696‌

EssilorLuxottica 

18,323‌

3,362‌

Eurofins

Scientific 

76,263‌

5,470‌

Schneider

Electric 

27,109‌

4,398‌

Total

France

(Cost

$14,687

)

18,926‌

GERMANY

4.1%

Common

Stocks

3.4%

Celonis,

Acquisition

Date:

6/17/21,

Cost $664

(USD) (1)(2)(3)

1,795‌

592‌

Deutsche

Telekom 

203,015‌

4,523‌

Evotec (1)

601,529‌

11,828‌

flatexDEGIRO (1)(4)

133,423‌

1,135‌

Infineon

Technologies 

108,305‌

3,900‌

Siemens 

34,767‌

5,431‌

Symrise 

37,640‌

4,002‌

Zalando (1)

49,134‌

2,291‌

33,702‌

Convertible

Preferred

Stocks

0.3%

Celonis,

Series

D,

Acquisition

Date:

6/17/21

-

10/4/22,

Cost $2,668

(USD) (1)(2)(3)

7,214‌

2,380‌

2,380‌

Preferred

Stocks

0.4%

Sartorius 

8,750‌

3,924‌

3,924‌

Total

Germany

(Cost

$35,931

)

40,006‌

HONG

KONG

0.5%

Common

Stocks

0.5%

AIA

Group 

399,400‌

4,516‌

Total

Hong

Kong

(Cost

$2,964

)

4,516‌

INDIA

5.5%

Common

Stocks

5.0%

Axis

Bank 

660,903‌

7,064‌

Britannia

Industries 

35,342‌

1,871‌

FSN

E-Commerce

Ventures (1)

965,102‌

1,623‌

Godrej

Consumer

Products (1)

258,425‌

2,894‌

T.

ROWE

PRICE

Global

Growth

Stock

Fund

4

Shares

$

Value

(Cost

and

value

in

$000s)

Havells

India 

187,946‌

2,727‌

HDFC

Asset

Management 

45,922‌

1,068‌

HDFC

Bank 

169,742‌

3,345‌

HDFC

Bank,

ADR

(USD) 

43,054‌

2,900‌

Housing

Development

Finance 

116,337‌

3,754‌

Kotak

Mahindra

Bank 

278,456‌

5,926‌

One

97

Communications (1)

375,568‌

2,443‌

Pidilite

Industries 

96,203‌

2,688‌

Reliance

Industries 

128,581‌

3,714‌

Think

&

Learn,

Acquisition

Date:

12/23/20

-

1/15/21,

Cost $1,309 (1)(2)(3)

821‌

1,780‌

United

Spirits (1)

384,545‌

3,625‌

Voltas 

139,513‌

1,371‌

Zomato (1)

1,188,002‌

725‌

49,518‌

Convertible

Preferred

Stocks

0.5%

Think

&

Learn,

Series

F,

Acquisition

Date:

12/23/20

-

4/29/21,

Cost $6,343 (1)(2)(3)

1,977‌

4,288‌

4,288‌

Total

India

(Cost

$45,176

)

53,806‌

INDONESIA

2.7%

Common

Stocks

2.7%

Bank

Central

Asia 

15,804,800‌

8,969‌

Kalbe

Farma 

27,829,500‌

3,832‌

Sumber

Alfaria

Trijaya 

74,088,600‌

14,005‌

Total

Indonesia

(Cost

$11,214

)

26,806‌

ITALY

0.2%

Common

Stocks

0.2%

FinecoBank

Banca

Fineco 

66,055‌

1,186‌

PRADA

(HKD) 

198,600‌

1,270‌

Total

Italy

(Cost

$1,963

)

2,456‌

JAPAN

2.8%

Common

Stocks

2.8%

Daiichi

Sankyo 

247,000‌

7,757‌

Daikin

Industries 

18,900‌

3,283‌

Keyence 

10,600‌

4,880‌

Mitsubishi

UFJ

Financial

Group 

358,900‌

2,629‌

Nippon

Sanso

Holdings 

101,900‌

1,662‌

T.

ROWE

PRICE

Global

Growth

Stock

Fund

5

Shares

$

Value

(Cost

and

value

in

$000s)

Recruit

Holdings 

59,400‌

1,910‌

Shimadzu 

76,100‌

2,339‌

Sumitomo

Metal

Mining 

85,800‌

3,484‌

Total

Japan

(Cost

$20,599

)

27,944‌

NETHERLANDS

2.2%

Common

Stocks

2.2%

Adyen (1)

3,667‌

5,544‌

Argenx,

ADR

(USD) (1)

11,332‌

4,332‌

ASML

Holding

(USD) 

11,767‌

7,776‌

Koninklijke

DSM 

18,609‌

2,393‌

Universal

Music

Group 

45,405‌

1,161‌

Total

Netherlands

(Cost

$11,448

)

21,206‌

NIGERIA

0.0%

Common

Stocks

0.0%

Nestle

Nigeria 

179,248‌

429‌

Total

Nigeria

(Cost

$549

)

429‌

NORWAY

0.3%

Common

Stocks

0.3%

Equinor 

31,655‌

965‌

Norsk

Hydro 

305,963‌

2,480‌

Total

Norway

(Cost

$3,056

)

3,445‌

PERU

0.7%

Common

Stocks

0.7%

InRetail

Peru

(USD) 

199,057‌

6,768‌

Total

Peru

(Cost

$4,606

)

6,768‌

PHILIPPINES

3.1%

Common

Stocks

3.1%

Ayala

Land 

5,343,600‌

2,882‌

BDO

Unibank 

5,179,137‌

11,681‌

SM

Investments 

498,086‌

8,423‌

Universal

Robina 

2,977,800‌

7,523‌

Total

Philippines

(Cost

$29,066

)

30,509‌

T.

ROWE

PRICE

Global

Growth

Stock

Fund

6

Shares

$

Value

(Cost

and

value

in

$000s)

PORTUGAL

0.3%

Common

Stocks

0.3%

Galp

Energia 

252,437‌

3,455‌

Total

Portugal

(Cost

$2,904

)

3,455‌

SINGAPORE

0.8%

Common

Stocks

0.8%

Grab

Holdings,

Class

A

(USD) (1)

804,335‌

3,048‌

Sea,

ADR

(USD) (1)

79,852‌

5,147‌

Total

Singapore

(Cost

$9,434

)

8,195‌

SOUTH

AFRICA

0.1%

Common

Stocks

0.1%

Naspers,

Class

N 

7,511‌

1,452‌

Total

South

Africa

(Cost

$1,075

)

1,452‌

SOUTH

KOREA

0.7%

Common

Stocks

0.7%

Coupang

(USD) (1)

205,578‌

3,472‌

Samsung

Electronics 

67,497‌

3,362‌

Total

South

Korea

(Cost

$8,276

)

6,834‌

SPAIN

0.5%

Common

Stocks

0.5%

Amadeus

IT

Group (1)

55,660‌

3,507‌

Cellnex

Telecom 

26,026‌

1,020‌

Total

Spain

(Cost

$4,240

)

4,527‌

SWEDEN

0.7%

Common

Stocks

0.7%

Assa

Abloy,

Class

B 

92,732‌

2,185‌

Boliden 

54,157‌

2,430‌

Hexagon,

Class

B 

177,793‌

2,038‌

Total

Sweden

(Cost

$4,678

)

6,653‌

T.

ROWE

PRICE

Global

Growth

Stock

Fund

7

Shares

$

Value

(Cost

and

value

in

$000s)

SWITZERLAND

0.9%

Common

Stocks

0.9%

Lonza

Group 

8,687‌

4,955‌

Partners

Group

Holding 

3,680‌

3,453‌

Total

Switzerland

(Cost

$5,874

)

8,408‌

TAIWAN

0.6%

Common

Stocks

0.6%

Taiwan

Semiconductor

Manufacturing,

ADR

(USD) 

63,212‌

5,862‌

Total

Taiwan

(Cost

$5,643

)

5,862‌

UNITED

KINGDOM

4.3%

Common

Stocks

3.9%

Ashtead

Group 

72,575‌

4,780‌

AstraZeneca,

ADR

(USD) 

78,684‌

5,144‌

Endava,

ADR

(USD) (1)

12,124‌

1,065‌

Experian 

187,077‌

6,841‌

Farfetch,

Class

A

(USD) (1)(4)

520,011‌

3,547‌

InterContinental

Hotels

Group 

35,623‌

2,473‌

London

Stock

Exchange

Group 

28,051‌

2,568‌

Ocado

Group (1)

70,193‌

562‌

Oxford

Nanopore

Technologies (1)

245,141‌

716‌

Rentokil

Initial 

588,821‌

3,570‌

Snyk,

Acquisition

Date:

9/3/21,

Cost $1,444

(USD) (1)(2)(3)

100,647‌

1,156‌

Unilever,

ADR

(USD) 

121,938‌

6,231‌

38,653‌

Convertible

Preferred

Stocks

0.4%

Snyk,

Series

F,

Acquisition

Date:

9/3/21

-

12/14/22,

Cost $2,406

(USD) (1)(2)(3)

168,674‌

1,937‌

YuLife

Holdings,

Series

C,

Acquisition

Date:

10/11/22,

Cost $1,523 (1)(2)(3)

77,036‌

1,694‌

3,631‌

Total

United

Kingdom

(Cost

$39,175

)

42,284‌

UNITED

STATES

53.8%

Common

Stocks

50.2%

Accenture,

Class

A 

7,583‌

2,116‌

Agilent

Technologies 

27,502‌

4,182‌

Alnylam

Pharmaceuticals (1)

10,419‌

2,359‌

Alphabet,

Class

C (1)

178,522‌

17,829‌

T.

ROWE

PRICE

Global

Growth

Stock

Fund

8

Shares

$

Value

(Cost

and

value

in

$000s)

Amazon.com (1)

189,260‌

19,518‌

American

International

Group 

61,037‌

3,859‌

Amphenol,

Class

A 

53,105‌

4,236‌

Apollo

Global

Management 

55,534‌

3,931‌

Apple 

162,097‌

23,389‌

Arista

Networks (1)

25,900‌

3,264‌

Atlassian,

Class

A (1)

28,263‌

4,568‌

AvalonBay

Communities,

REIT 

26,938‌

4,780‌

Bank

of

America 

221,300‌

7,852‌

Bill.com

Holdings (1)

14,963‌

1,730‌

Canva,

Acquisition

Date:

8/16/21

-

12/22/21,

Cost $3,134 (1)(2)

(3)

1,839‌

1,015‌

CF

Industries

Holdings 

44,346‌

3,756‌

Charles

Schwab 

173,390‌

13,424‌

Cheniere

Energy 

18,425‌

2,815‌

Chipotle

Mexican

Grill (1)

378‌

622‌

Chubb 

23,955‌

5,450‌

Cigna 

14,338‌

4,540‌

Cognex 

12,619‌

691‌

Colgate-Palmolive 

29,800‌

2,221‌

Confluent,

Class

A (1)

60,197‌

1,391‌

ConocoPhillips 

53,983‌

6,579‌

Constellation

Brands,

Class

A 

20,639‌

4,778‌

Coterra

Energy 

117,951‌

2,952‌

Cummins 

4,325‌

1,079‌

Danaher 

17,771‌

4,698‌

Darling

Ingredients (1)

31,412‌

2,082‌

DoorDash,

Class

A (1)

29,674‌

1,719‌

Doximity,

Class

A (1)(4)

15,564‌

549‌

Eli

Lilly 

19,833‌

6,826‌

EOG

Resources 

37,816‌

5,001‌

Epic

Games,

Acquisition

Date:

6/18/20

-

3/29/21,

Cost $4,620 (1)(2)(3)

7,370‌

5,069‌

Equity

LifeStyle

Properties,

REIT 

38,381‌

2,755‌

Estee

Lauder,

Class

A 

14,010‌

3,882‌

Etsy (1)

16,665‌

2,293‌

FedEx 

16,747‌

3,247‌

Fifth

Third

Bancorp 

217,300‌

7,886‌

Fiserv (1)

117,032‌

12,485‌

General

Electric 

90,816‌

7,309‌

Goldman

Sachs

Group 

7,679‌

2,809‌

HashiCorp,

Class

A (1)(4)

24,751‌

796‌

Hess 

39,119‌

5,874‌

Home

Depot 

3,371‌

1,093‌

Host

Hotels

&

Resorts,

REIT 

159,746‌

3,011‌

Hubbell 

27,525‌

6,301‌

T.

ROWE

PRICE

Global

Growth

Stock

Fund

9

Shares

$

Value

(Cost

and

value

in

$000s)

HubSpot (1)

7,689‌

2,668‌

Huntington

Bancshares 

650,423‌

9,867‌

IDEX 

5,491‌

1,316‌

International

Paper 

67,712‌

2,832‌

Intuit 

12,817‌

5,417‌

Intuitive

Surgical (1)

23,428‌

5,756‌

JPMorgan

Chase 

59,474‌

8,324‌

KKR 

52,594‌

2,935‌

Liberty

Media-Liberty

Formula

One,

Class

C (1)

64,988‌

4,601‌

Linde 

23,675‌

7,835‌

Live

Nation

Entertainment (1)

29,348‌

2,362‌

Magic

Leap,

Class

A,

Acquisition

Date:

10/12/17,

Cost $1,153 (1)(2)(3)

2,372‌

46‌

Manhattan

Associates (1)

25,219‌

3,288‌

MarketAxess

Holdings 

6,019‌

2,190‌

Marsh

&

McLennan 

21,198‌

3,708‌

Mastercard,

Class

A 

22,301‌

8,265‌

McKesson 

11,800‌

4,468‌

MetLife 

35,134‌

2,565‌

Microsoft 

99,800‌

24,731‌

MongoDB (1)

16,590‌

3,554‌

Monolithic

Power

Systems 

3,700‌

1,578‌

Monster

Beverage (1)

37,828‌

3,937‌

Morgan

Stanley 

73,915‌

7,194‌

Netflix (1)

16,322‌

5,776‌

NVIDIA 

24,107‌

4,710‌

Packaging

Corp.

of

America 

23,558‌

3,362‌

Paylocity

Holding (1)

9,370‌

1,952‌

Peloton

Interactive,

Class

A (1)(4)

123,048‌

1,591‌

Reliance

Steel

&

Aluminum 

11,026‌

2,508‌

Rivian

Automotive,

Class

A (1)(4)

138,980‌

2,696‌

ROBLOX,

Class

A (1)

21,379‌

796‌

Roper

Technologies 

38,297‌

16,343‌

Salesforce (1)

33,019‌

5,546‌

Sempra

Energy 

19,890‌

3,189‌

ServiceNow (1)

10,067‌

4,582‌

Sherwin-Williams 

14,557‌

3,444‌

Signature

Bank 

22,257‌

2,870‌

Snowflake,

Class

A (1)

12,531‌

1,960‌

Stripe,

Class

B,

Acquisition

Date:

12/17/19

-

5/18/21,

Cost $859 (1)(2)(3)

32,874‌

608‌

Stryker 

16,318‌

4,142‌

Synopsys (1)

3,295‌

1,166‌

Teledyne

Technologies (1)

8,886‌

3,770‌

Tesla (1)

50,932‌

8,822‌

Thermo

Fisher

Scientific 

10,408‌

5,936‌

T.

ROWE

PRICE

Global

Growth

Stock

Fund

10

Shares

$

Value

(Cost

and

value

in

$000s)

Toast,

Class

A (1)(4)

56,540‌

1,261‌

Trade

Desk,

Class

A (1)

10,591‌

537‌

Trimble (1)

55,694‌

3,234‌

UnitedHealth

Group 

20,061‌

10,014‌

Veeva

Systems,

Class

A (1)

12,959‌

2,210‌

Vertex

Pharmaceuticals (1)

12,900‌

4,168‌

Vulcan

Materials 

13,159‌

2,412‌

Walmart 

17,705‌

2,547‌

Waste

Connections 

28,339‌

3,766‌

Wells

Fargo 

182,539‌

8,556‌

Weyerhaeuser,

REIT 

120,731‌

4,157‌

Workday,

Class

A (1)

15,712‌

2,851‌

Zoetis 

14,542‌

2,407‌

493,937‌

Convertible

Preferred

Stocks

3.6%

Canva,

Series

A,

Acquisition

Date:

11/4/21

-

12/17/21,

Cost $150 (1)(2)(3)

88‌

49‌

Canva,

Series

A-3,

Acquisition

Date:

11/4/21

-

12/17/21,

Cost $17 (1)(2)(3)

10‌

5‌

Databricks,

Series

H,

Acquisition

Date:

8/31/21,

Cost $1,107 (1)

(2)(3)

15,066‌

904‌

Lilac

Solutions,

Series

B,

Acquisition

Date:

9/8/21,

Cost $4,528 (1)(2)(3)

344,903‌

4,708‌

PsiQuantum,

Series

D,

Acquisition

Date:

9/29/21,

Cost $3,614 (1)(2)(3)

137,791‌

3,614‌

Rappi,

Series

E,

Acquisition

Date:

9/8/20,

Cost $4,762 (1)(2)(3)

79,700‌

2,870‌

Rappi,

Series

F,

Acquisition

Date:

7/8/21,

Cost $799 (1)(2)(3)

12,400‌

446‌

Redwood

Materials,

Series

C,

Acquisition

Date:

5/28/21,

Cost $4,001 (1)(2)(3)

84,400‌

6,583‌

SB

Technology,

Series

D,

Acquisition

Date:

12/10/21,

Cost $5,863 (1)(2)(3)

621,837‌

5,863‌

Sila

Nano,

Series

F,

Acquisition

Date:

1/7/21,

Cost $846 (1)(2)(3)

20,496‌

639‌

SpaceX,

Series

K,

Acquisition

Date:

5/21/19,

Cost $2,163 (1)(2)

(3)

10,605‌

8,166‌

Waymo,

Series

A-2,

Acquisition

Date:

5/8/20,

Cost $2,587 (1)

(2)(3)

30,126‌

1,421‌

Waymo,

Series

B-2,

Acquisition

Date:

6/11/21,

Cost $209 (1)(2)

(3)

2,283‌

108‌

35,376‌

Total

United

States

(Cost

$404,597

)

529,313‌

VIETNAM

2.8%

Common

Stocks

2.8%

FPT 

1,218,040‌

4,661‌

T.

ROWE

PRICE

Global

Growth

Stock

Fund

11

Shares

$

Value

(Cost

and

value

in

$000s)

Masan

Group 

3,223,570‌

13,946‌

Military

Commercial

Joint

Stock

Bank (1)

5,559,882‌

4,896‌

Vietnam

Technological

&

Commercial

Joint

Stock

Bank (1)

2,719,700‌

3,578‌

Total

Vietnam

(Cost

$20,589

)

27,081‌

SHORT-TERM

INVESTMENTS

0.9%

Money

Market

Funds

0.9%

T.

Rowe

Price

Government

Reserve

Fund,

4.36% (5)(6)

8,960,414‌

8,960‌

Total

Short-Term

Investments

(Cost

$8,960)

8,960‌

SECURITIES

LENDING

COLLATERAL

0.7%

INVESTMENTS

IN

A

POOLED

ACCOUNT

THROUGH

SECURITIES

LENDING

PROGRAM

WITH

JPMORGAN

CHASE

BANK

0.7%

Money

Market

Funds

0.7%

T.

Rowe

Price

Government

Reserve

Fund,

4.36% (5)(6)

6,569,580‌

6,570‌

Total

Investments

in

a

Pooled

Account

through

Securities

Lending

Program

with

JPMorgan

Chase

Bank

6,570‌

Total

Securities

Lending

Collateral

(Cost

$6,570)

6,570‌

Total

Investments

in

Securities

101.1%

(Cost

$783,391)

$

994,994‌

Other

Assets

Less

Liabilities

(1.1)%

(10,944)

Net

Assets

100.0%

$

984,050‌

‡

Country

classifications

are

generally

based

on

MSCI

categories

or

another

unaffiliated

third

party

data

provider;

Shares

are

denominated

in

the

currency

of

the

country

presented

unless

otherwise

noted.

(1)

Non-income

producing

(2)

Security

cannot

be

offered

for

public

resale

without

first

being

registered

under

the

Securities

Act

of

1933

and

related

rules

("restricted

security").

Acquisition

date

represents

the

day

on

which

an

enforceable

right

to

acquire

such

security

is

obtained

and

is

presented

along

with

related

cost

in

the

security

description.

The

fund

may

have

registration

rights

for

certain

restricted

securities.

Any

costs

related

to

such

registration

are

generally

borne

by

the

issuer.

The

aggregate

value

of

restricted

securities

(excluding

144A

holdings)

at

period

end

amounts

to

$61,149

and

represents

6.2%

of

net

assets.

(3)

Level

3

in

fair

value

hierarchy.

(4)

All

or

a

portion

of

this

security

is

on

loan

at

January

31,

2023.

(5)

Seven-day

yield

(6)

Affiliated

Companies

ADR

American

Depositary

Receipts

CNH

Offshore

China

Renminbi

T.

ROWE

PRICE

Global

Growth

Stock

Fund

12

.

.

.

.

.

.

.

.

.

.

HKD

Hong

Kong

Dollar

REIT

A

domestic

Real

Estate

Investment

Trust

whose

distributions

pass-through

with

original

tax

character

to

the

shareholder

USD

U.S.

Dollar

T.

ROWE

PRICE

Global

Growth

Stock

Fund

13

The

accompanying

notes

are

an

integral

part

of

this

Portfolio

of

Investments.

AFFILIATED

COMPANIES

($000s)

The

fund

may

invest

in

certain

securities

that

are

considered

affiliated

companies.

As

defined

by

the

1940

Act,

an

affiliated

company

is

one

in

which

the

fund

owns

5%

or

more

of

the

outstanding

voting

securities,

or

a

company

that

is

under

common

ownership

or

control.

The

following

securities

were

considered

affiliated

companies

for

all

or

some

portion

of

the

three

months

ended

January

31,

2023.

Net

realized

gain

(loss),

investment

income,

change

in

net

unrealized

gain/loss,

and

purchase

and

sales

cost

reflect

all

activity

for

the

period

then

ended.

Affiliate

Net

Realized

Gain

(Loss)

Change

in

Net

Unrealized

Gain/Loss

Investment

Income

T.

Rowe

Price

Government

Reserve

Fund,

4.36%

$

—‌

$

—‌

$

7‌++

Totals

$

—‌#

$

—‌

$

7‌+

Supplementary

Investment

Schedule

Affiliate

Value

10/31/22

Purchase

Cost

Sales

Cost

Value

01/31/23

T.

Rowe

Price

Government

Reserve

Fund,

4.36%

$

34,259‌

 ¤

 ¤

$

15,530‌

Total

$

15,530‌^

#

Capital

gain

distributions

from

underlying

Price

funds

represented

$0

of

the

net

realized

gain

(loss).

++

Excludes

earnings

on

securities

lending

collateral,

which

are

subject

to

rebates

and

fees.

+

Investment

income

comprised

$7

of

dividend

income

and

$0

of

interest

income.

¤

Purchase

and

sale

information

not

shown

for

cash

management

funds.

^

The

cost

basis

of

investments

in

affiliated

companies

was

$15,530.

T.

ROWE

PRICE

Global

Growth

Stock

Fund

Unaudited

Notes

to

Portfolio

of

Investments

14

T.

Rowe

Price

Global

Growth

Stock

Fund (the

fund) is

registered

under

the

Investment

Company

Act

of

1940

(the

1940

Act)

as

an

open-end

management

investment

company

and

follows

accounting

and

reporting

guidance

of

the

Financial

Accounting

Standards

Board

Accounting

Standards

Codification

Topic

946.

The

accompanying

Portfolio

of

Investments

was

prepared

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

(GAAP).

For

additional

information

on

the

fund’s

significant

accounting

policies

and

investment

related

disclosures,

please

refer

to

the

fund’s most

recent

semiannual

or

annual

shareholder

report

and

its

prospectus. 

VALUATION 

Fair

Value

  The

fund’s

financial

instruments

are

valued

at

the

close

of

the

New

York

Stock

Exchange

(NYSE),

normally

4

p.m.

ET,

each

day

the

NYSE

is

open

for

business,

and

are

reported

at

fair

value,

which

GAAP

defines

as

the

price

that

would

be

received

to

sell

an

asset

or

paid

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

at

the

measurement

date. The fund’s

Board

of

Directors

(the

Board)

has

designated

T.

Rowe

Price

Associates,

Inc.

as

the

fund’s

valuation

designee

(Valuation

Designee).

Subject

to

oversight

by

the

Board,

the

Valuation

Designee

performs

the

following

functions

in

performing

fair

value

determinations:

assesses

and

manages

valuation

risks;

establishes

and

applies

fair

value

methodologies;

tests

fair

value

methodologies;

and

evaluates

pricing

vendors

and

pricing

agents.

The

duties

and

responsibilities

of

the

Valuation

Designee

are

performed

by

its

Valuation

Committee. The

Valuation

Designee provides

periodic

reporting

to

the

Board

on

valuation

matters.

Various

valuation

techniques

and

inputs

are

used

to

determine

the

fair

value

of

financial

instruments.

GAAP

establishes

the

following

fair

value

hierarchy

that

categorizes

the

inputs

used

to

measure

fair

value:

Level

1

–

quoted

prices

(unadjusted)

in

active

markets

for

identical

financial

instruments

that

the

fund

can

access

at

the

reporting

date

Level

2

–

inputs

other

than

Level

1

quoted

prices

that

are

observable,

either

directly

or

indirectly

(including,

but

not

limited

to,

quoted

prices

for

similar

financial

instruments

in

active

markets,

quoted

prices

for

identical

or

similar

financial

instruments

in

inactive

markets,

interest

rates

and

yield

curves,

implied

volatilities,

and

credit

spreads)

T.

ROWE

PRICE

Global

Growth

Stock

Fund

15

Level

3

–

unobservable

inputs

(including

the Valuation

Designee’s assumptions

in

determining

fair

value)

Observable

inputs

are

developed

using

market

data,

such

as

publicly

available

information

about

actual

events

or

transactions,

and

reflect

the

assumptions

that

market

participants

would

use

to

price

the

financial

instrument.

Unobservable

inputs

are

those

for

which

market

data

are

not

available

and

are

developed

using

the

best

information

available

about

the

assumptions

that

market

participants

would

use

to

price

the

financial

instrument.

GAAP

requires

valuation

techniques

to

maximize

the

use

of

relevant

observable

inputs

and

minimize

the

use

of

unobservable

inputs.

When

multiple

inputs

are

used

to

derive

fair

value,

the

financial

instrument

is

assigned

to

the

level

within

the

fair

value

hierarchy

based

on

the

lowest-level

input

that

is

significant

to

the

fair

value

of

the

financial

instrument.

Input

levels

are

not

necessarily

an

indication

of

the

risk

or

liquidity

associated

with

financial

instruments

at

that

level

but

rather

the

degree

of

judgment

used

in

determining

those

values.

Valuation

Techniques 

Equity

securities,

including

exchange-traded

funds, listed

or

regularly

traded

on

a

securities

exchange

or

in

the

over-the-counter

(OTC)

market

are

valued

at

the

last

quoted

sale

price

or,

for

certain

markets,

the

official

closing

price

at

the

time

the

valuations

are

made.

OTC

Bulletin

Board

securities

are

valued

at

the

mean

of

the

closing

bid

and

asked

prices.

A

security

that

is

listed

or

traded

on

more

than

one

exchange

is

valued

at

the

quotation

on

the

exchange

determined

to

be

the

primary

market

for

such

security.

Listed

securities

not

traded

on

a

particular

day

are

valued

at

the

mean

of

the

closing

bid

and

asked

prices

for

domestic

securities

and

the

last

quoted

sale

or

closing

price

for

international

securities.

The

last

quoted

prices

of

non-U.S.

equity

securities

may

be

adjusted

to

reflect

the

fair

value

of

such

securities

at

the

close

of

the

NYSE,

if

the Valuation

Designee

determines

that

developments

between

the

close

of

a

foreign

market

and

the

close

of

the

NYSE

will

affect

the

value

of

some

or

all

of its portfolio

securities.

Each

business

day,

the

Valuation

Designee uses

information

from

outside

pricing

services

to

evaluate

the

quoted

prices

of

portfolio

securities

and,

if

appropriate,

decide whether

it

is

necessary

to

adjust

quoted

prices

to

reflect

fair

value

by

reviewing

a

variety

of

factors,

including

developments

in

foreign

markets,

the

performance

of

U.S.

securities

markets,

and

the

performance

of

instruments

trading

in

U.S.

markets

that

represent

foreign

securities

and

baskets

of

foreign

securities. The Valuation

Designee

uses

outside

pricing

services

to

provide

it

with

quoted

prices

and

information

to

evaluate

or

adjust

those

prices.

The Valuation

Designee

cannot

predict

how

often

it

will

use

quoted

prices

and

how

often

it

will

determine

it

necessary

to

adjust

those

prices

to

reflect

fair

value.

T.

ROWE

PRICE

Global

Growth

Stock

Fund

16

Investments

denominated

in

foreign

currencies

are

translated

into

U.S.

dollar

values

each

day

at

the

prevailing

exchange

rate,

using

the

mean

of

the

bid

and

asked

prices

of

such

currencies

against

U.S.

dollars

as

provided

by

an

outside

pricing

service.

Investments

in

mutual

funds

are

valued

at

the

mutual

fund’s

closing

NAV

per

share

on

the

day

of

valuation.

Investments

for

which

market

quotations are

not

readily

available

or

deemed

unreliable

are

valued

at

fair

value

as

determined

in

good

faith

by

the

Valuation

Designee.

The

Valuation

Designee

has

adopted

methodologies

for

determining

the

fair

value

of

investments

for

which

market

quotations

are

not

readily

available

or

deemed

unreliable,

including

the

use

of

other

pricing

sources.

Factors

used

in

determining

fair

value

vary

by

type

of

investment

and

may

include

market

or

investment

specific

considerations.

The

Valuation

Designee typically

will

afford

greatest

weight

to

actual

prices

in

arm’s

length

transactions,

to

the

extent

they

represent

orderly

transactions

between

market

participants,

transaction

information

can

be

reliably

obtained,

and

prices

are

deemed

representative

of

fair

value.

However,

the

Valuation

Designee may

also

consider

other

valuation

methods

such

as

market-based

valuation

multiples;

a

discount

or

premium

from

market

value

of

a

similar,

freely

traded

security

of

the

same

issuer;

discounted

cash

flows;

yield

to

maturity;

or

some

combination.

Fair

value

determinations

are

reviewed

on

a

regular

basis.

Because

any

fair

value

determination

involves

a

significant

amount

of

judgment,

there

is

a

degree

of

subjectivity

inherent

in

such

pricing

decisions. Fair

value

prices

determined

by

the

Valuation

Designee could

differ

from

those

of

other

market

participants,

and

it

is

possible

that

the

fair

value

determined

for

a

security

may

be

materially

different

from

the

value

that

could

be

realized

upon

the

sale

of

that

security.

T.

ROWE

PRICE

Global

Growth

Stock

Fund

17

Valuation

Inputs

  The

following

table

summarizes

the

fund’s

financial

instruments,

based

on

the

inputs

used

to

determine

their

fair

values

on

January

31,

2023

(for

further

detail

by

category,

please

refer

to

the

accompanying

Portfolio

of

Investments):

Following

is

a

reconciliation

of

the

fund’s

Level

3

holdings

for

the

period ended

January

31,

2023.

Gain

(loss)

reflects

both

realized

and

change

in

unrealized

gain/loss

on

Level

3

holdings

during

the

period,

if

any.

The

change

in

unrealized

gain/loss

on

Level

3

instruments

held

at

January

31,

2023,

totaled $(6,804,000) for

the

period ended

January

31,

2023.

($000s)

Level

1

Level

2

Level

3

Total

Value

Assets

Common

Stocks

$

563,869‌

$

349,120‌

$

11,393‌

$

924,382‌

Convertible

Preferred

Stocks

—‌

—‌

49,756‌

49,756‌

Limited

Partnerships

1,402‌

—‌

—‌

1,402‌

Preferred

Stocks

—‌

3,924‌

—‌

3,924‌

Short-Term

Investments

8,960‌

—‌

—‌

8,960‌

Securities

Lending

Collateral

6,570‌

—‌

—‌

6,570‌

Total

$

580,801‌

$

353,044‌

$

61,149‌

$

994,994‌

($000s)

Beginning

Balance

10/31/22

Gain

(Loss)

During

Period

Total

Purchases

Total

Sales

Ending

Balance

1/31/23

Investment

in

Securities

Common

Stocks

$

14,294‌

$

(2,641‌)

$

—‌

$

(260‌)

$

11,393‌

Convertible

Preferred

Stocks

53,757‌

(3,990‌)

260‌

(271‌)

49,756‌

Total

$

68,051‌

$

(6,631‌)

$

260‌

$

(531‌)

$

61,149‌

T.

ROWE

PRICE

Global

Growth

Stock

Fund

18

In

accordance

with

GAAP,

the

following

table

provides

quantitative

information

about

significant

unobservable

inputs

used

to

determine

the

fair

valuations

of

the

fund’s

Level

3

assets,

by

class

of

financial

instrument.

Because

the

Valuation

Designee considers

a

wide

variety

of

factors

and

inputs,

both

observable

and

unobservable,

in

determining

fair

values,

the

unobservable

inputs

presented

do

not

reflect

all

inputs

significant

to

the

fair

value

determination.

Investments

in

Securities

Value

(000s)

Valuation

Technique(s)+

Significant

Unobservable

Input(s)

Value

or

Range

of

Input(s)

Weighted

Average

of

Input(s)*

Impact

to

Valuation

from

an

Increase

in

Input**

Common

Stock

$

11,393‌

Recent

comparable

transaction

price(s)

—#

—#

—#

—#

Market

comparable

Enterprise

value

to

sales

multiple

3.4x

–

11.8x

4.6x

Increase

Sales

growth

rate

17%

-

54%

22%

Increase

Enterprise

value

to

gross

profit

multiple

6.5x

–

15.3x

9.3x

Increase

Gross

profit

growth

rate

20%

-

49%

30%

Increase

Projected

enterprise

value

to

sales

multiple

9.7x

–

14.7x

12.2x

Increase

Projected

enterprise

value

to

gross

profit

multiple

13.3x

–

18.9x

16.1x

Increase

Price-to-

earnings

multiple

7.4x

–

17.5x

12.5x

Increase

Dividend

yield

4.98%

4.98%

Increase

Discount

for

lack

of

marketability

10%

10%

Decrease

T.

ROWE

PRICE

Global

Growth

Stock

Fund

19

Investments

in

Securities

Value

(000s)

Valuation

Technique(s)+

Significant

Unobservable

Input(s)

Value

or

Range

of

Input(s)

Weighted

Average

of

Input(s)*

Impact

to

Valuation

from

an

Increase

in

Input**

Convertible

Preferred

Stocks

$

49,756‌

Recent

comparable

transaction

price(s)

—#

—#

—#

—#

Market

comparable

Enterprise

value

to

gross

profit

multiple

6.5x

–

15.0x

6.6x

Increase

Gross

profit

growth

rate

23%

-

49%

48%

Increase

Enterprise

value

to

sales

multiple

2.3x

–

11.8x

4.0x

Increase

Sales

growth

rate

27%

-

100%

48%

Increase

Enterprise

value

to

gross

merchandise

value

0.5x

0.5x

Increase

Gross

merchandise

value

growth

rate

28%

28%

Increase

Projected

enterprise

value

to

sales

multiple

2.2x

–

15.3x

10.0x

Increase

Projected

enterprise

value

to

gross

profit

multiple

13.3x

–

18.9x

16.1x

Increase

Projected

enterprise

value

to

EBITDA

multiple

4.3x

–

10.5x

9.8x

Increase

T.

ROWE

PRICE

Global

Growth

Stock

Fund

20

+

Valuation

techniques

may

change

in

order

to

reflect the

Valuation

Designee’s

judgment

of

current

market

participant

assumptions. 

*

Unobservable

inputs

were

weighted

by

the

relative

fair

value

of

the

instruments.

**

Represents

the

directional

change

in

the

fair

value

of

the

Level

3

investment(s)

that

would

have

resulted

from

an

increase

in

the

corresponding

input

at

period

end.

A

decrease

in

the

unobservable

input

would

have

had

the

opposite

effect.

Significant

increases

and

decreases

in

these

inputs

in

isolation

could

result

in

significantly

higher

or

lower

fair

value

measurements.

#

No

quantitative

unobservable

inputs

significant

to

the

valuation

technique

were

created

by

the

Valuation

Designee.

OTHER

MATTERS 

Unpredictable

events

such

as

environmental

or

natural

disasters,

war,

terrorism,

pandemics,

outbreaks

of

infectious

diseases,

and

similar

public

health

threats

may

significantly

affect

the

economy

and

the

markets

and

issuers

in

which

the fund

invests.

Certain

events

may

cause

instability

across

global

markets,

including

reduced

liquidity

and

disruptions

in

trading

markets,

while

some

events

may

affect

certain

geographic

regions,

countries,

sectors,

and

industries

more

significantly

than

others,

and

exacerbate

other

pre-existing

political,

social,

and

economic

risks.

Since

2020,

a

novel

strain

of

coronavirus

(COVID-19)

has

resulted

in

disruptions

to

global

business

activity

and

caused

significant

volatility

and

declines

in

global

financial

markets.

In

February

2022,

Russian

forces

entered

Ukraine

and

commenced

an

armed

conflict

leading

to

economic

sanctions

being

imposed

on

Russia

and

certain

of

its

citizens,

creating

impacts

on

Russian-related

stocks

and

debt

and

greater

volatility

in

global

markets.

Investments

in

Securities

Value

(000s)

Valuation

Technique(s)+

Significant

Unobservable

Input(s)

Value

or

Range

of

Input(s)

Weighted

Average

of

Input(s)*

Impact

to

Valuation

from

an

Increase

in

Input**

Discount

rate

for

cost

of

capital

20%

-

30%

22%

Decrease

Discount

for

lack

of

marketability

10%

10%

Decrease

T.

ROWE

PRICE

Global

Growth

Stock

Fund

21

These

are

recent

examples

of

global

events

which

may

have

a

negative

impact

on

the

values

of

certain

portfolio

holdings

or

the

fund’s

overall

performance.

Management

is

actively

monitoring

the

risks

and

financial

impacts

arising

from

these

events.

F174-054Q1

01/23