0001752724-19-177109.txt : 20191125 0001752724-19-177109.hdr.sgml : 20191125 20191125130222 ACCESSION NUMBER: 0001752724-19-177109 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190930 FILED AS OF DATE: 20191125 PERIOD START: 20191231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Spectrum Fund, Inc. CENTRAL INDEX KEY: 0000808303 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-04998 FILM NUMBER: 191245020 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 SPECTRUM FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE OMNI TRUST DATE OF NAME CHANGE: 19870726 0000808303 S000002124 Spectrum International Fund C000005514 Spectrum International Fund PSILX NPORT-P 1 primary_doc.xml NPORT-P false 0000808303 XXXXXXXX S000002124 C000005514 T. ROWE PRICE SPECTRUM FUND, INC. 811-04998 0000808303 549300C4CNSW3NCPIM75 100 East Pratt Street Baltimore 21202 410-345-2000 Spectrum International Fund S000002124 549300C84TP53IYY4O12 2019-12-31 2019-09-30 N 1480516315.61 176496.82 1480339818.79 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 38.34000000 N T ROWE PRICE INTERNATIONAL VALUE EQUITY FUND 97KIE6QHONOYE0TN8681 T ROWE PRICE INTERNATIONAL VALUE EQUITY FUND 77956H849 23907554.38805800 NS USD 316536020.10000000 21.38265931120 Long EC RF US N 1 N N N T ROWE PRICE EUROPEAN STOCK FUND F02UHRPTUVEKSDNQDB53 T ROWE PRICE EUROPEAN STOCK FUND 77956H401 11785948.47500600 NS USD 240315489.41000000 16.23380566810 Long EC RF US N 1 N N N T Rowe Price Emerging Markets Value Stock Fund 549300O1OJ5I2F2FBD73 T Rowe Price Emerging Markets Value Stock Fund 77956H419 2798250.95430100 NS USD 35257962.02000000 2.381747864407 Long EC RF US N 1 N N N T ROWE PRICE NEW ASIA FUND CQSPSLYRKR4YU51MLF76 T ROWE PRICE NEW ASIA FUND 77956H500 10598824.20138300 NS USD 186751282.43000000 12.61543329846 Long EC RF US N 1 N N N T ROWE PRICE INTERNATIONAL DISCOVERY FUND 0Q0CC81N5HDD1TTTMO60 T ROWE PRICE INTERNATIONAL DISCOVERY FUND 77956H302 909851.66391300 NS USD 56665561.63000000 3.827875256123 Long EC RF US N 1 N N N T ROWE PRICE EMERGING MARKETS STOCK FUND IMG3L58DUY918PK2SP65 T ROWE PRICE EMERGING MARKETS STOCK FUND 77956H864 1110582.48021800 NS USD 46899898.14000000 3.168184598204 Long EC RF US N 1 N N N T ROWE PRICE EMERGING EUROPE FUND BVN3MWBWV2V4M8TC6A78 T ROWE PRICE EMERGING EUROPE FUND 77956H815 645864.24880300 NS USD 9616918.66000000 0.649642638665 Long EC RF US N 1 N N N T ROWE PRICE JAPAN FUND NUUF05SLYLABQQF20E73 T ROWE PRICE JAPAN FUND 77956H708 5137240.67863900 NS USD 72794700.42000000 4.917431761006 Long EC RF US N 1 N N N T ROWE PRICE AFRICA & MIDDLE EAST FUND Q0BDHQYSLARY8T9Q5425 T ROWE PRICE AFRICA & MIDDLE EAST FUND 77956H740 795196.96250800 NS USD 6894357.66000000 0.465728042473 Long EC RF US N 1 N N N T ROWE PRICE LATIN AMERICA FUND NNIEUV820YZDO05KW707 T ROWE PRICE LATIN AMERICA FUND 77956H880 770753.83638800 NS USD 18629120.23000000 1.258435393923 Long EC RF US N 1 N N N T ROWE PRICE OVERSEAS STOCK FUND O80MRID2HJVYBDLHU105 T ROWE PRICE OVERSEAS STOCK FUND 77956H757 12445241.59750600 NS USD 129679417.45000000 8.760111415228 Long EC RF US N 1 N N N T ROWE PRICE INTERNATIONAL STOCK FUND DIXEPQW5DPUCAUYFLI61 T ROWE PRICE INTERNATIONAL STOCK FUND 77956H203 20838575.70093900 NS USD 360298973.87000000 24.33893686413 Long EC RF US N 1 N N N 2019-11-13 T. ROWE PRICE SPECTRUM FUND, INC. Catherine D. Mathews Catherine D. Mathews Treasurer & Vice President XXXX NPORT-EX 2 70G1TRPspectruminternational.htm trowepricespectruminternatio.htm - Generated by SEC Publisher for SEC Filing

T. ROWE PRICE SPECTRUM INTERNATIONAL FUND
September 30, 2019 (Unaudited)

  $ Value $ Purchase  $ Sales      $ Value 
Portfolio of Investments(1)  12/31/18  Cost  Cost    Shares  9/30/19 
(Cost and value in $000s)             
EQUITY MUTUAL FUNDS 100.0%             
T. Rowe Price Funds:             
International Stock Fund  317,851  27,962  38,104    20,830,711  360,163 
International Value Equity Fund  338,684  17,674  81,038    23,899,036  316,423 
European Stock Fund  219,613  2,241  16,593    11,781,584  240,226 
New Asia Fund  173,873  1,802  14,355    10,594,928  186,683 
Overseas Stock Fund  101,640  23,697  9,287    12,440,680  129,632 
Japan Fund  67,253  675  4,527    5,135,391  72,768 
International Discovery Fund  46,560  8,210  3,675    909,510  56,644 
Emerging Markets Stock Fund  85,972  7,392  56,060    1,110,063  46,878 
Emerging Markets Discovery Stock             
Fund  —  37,720  1,289    2,797,381  35,247 
Latin America Fund  17,954  182  2,155    770,443  18,622 
Emerging Europe Fund  8,872  91  861    645,614  9,613 
Africa & Middle East Fund  7,238  71  523    794,881  6,892 
Total Equity Mutual Funds (Cost $1,219,051)          1,479,791 
 
Total Investments in Securities 100.0%             
(Cost $1,219,051)        $  1,479,791
Other Assets Less Liabilities 0.0%            1 
Net Assets 100.0%          $             1,479,792 

 

(1) Each underlying Price Fund is an affiliated company; the fund is invested in the
Investor Class of each underlying Price Fund. Additional information about each
underlying Price Fund is available by calling 1-877-495-1138 and at
www.troweprice.com.

The accompanying notes are an integral part of this Portfolio of Investments. 

 

T.     

ROWE PRICE SPECTRUM INTERNATIONAL FUND

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 nine
months ended September 30, 2019. Net realized gain (loss), investment income, and change in
net unrealized gain/loss reflect all activity for the period then ended.

        Change in Net     
    Net Realized Gain    Unrealized    Investment 
Affiliate    (Loss)    Gain/Loss    Income 
T. Rowe Price Funds:             
Africa & Middle East Fund  $  (21)  $  106  $  — 
Emerging Europe Fund    (218)    1,511    — 
Emerging Markets Discovery             
Stock Fund    (24)    (1,184)    — 
Emerging Markets Stock Fund    1,429    9,574    — 
European Stock Fund    (819)    34,965    — 
International Discovery Fund    (125)    5,549    — 
International Stock Fund    (3,384)    52,454    — 
International Value Equity Fund    (9,005)    41,103    — 
Japan Fund    252    9,367    — 
Latin America Fund    (854)    2,641    — 
New Asia Fund    (1,826)    25,363    — 
Overseas Stock Fund    (1,094)    13,582    — 
Totals  $  (15,689)#  $  195,031  $  —+ 

 

# Capital gain distributions from mutual funds represented $0 of the net realized gain (loss).
+ Investment income comprised $0 of income distributions from underlying Price Funds.

The accompanying notes are an integral part of this Portfolio of Investments. 

 

T. ROWE PRICE SPECTRUM INTERNATIONAL FUND
Unaudited
NOTES TO PORTFOLIO OF
INVESTMENTS

T. Rowe Price Spectrum International 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

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. Each fund’s financial instruments 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. Investments in the underlying Price Funds are valued at their closing net asset
value per share on the day of valuation.

The T. Rowe Price Valuation Committee (the Valuation Committee) is an internal committee that has been delegated
certain responsibilities by the fund’s Board of Directors (the Board) to ensure that financial instruments are appropriately
priced at fair value in accordance with GAAP and the 1940 Act. Subject to oversight by the Board, the Valuation
Committee develops and oversees pricing-related policies and procedures and approves all fair value determinations.
Specifically, the Valuation Committee establishes procedures to value securities; determines pricing techniques, sources,
and persons eligible to effect fair value pricing actions; oversees the selection, services, and performance of pricing vendors;
oversees valuation-related business continuity practices; and provides guidance on internal controls and valuation-related
matters. The Valuation Committee reports to the Board and has representation from legal, portfolio management and
trading, operations, risk management, and the fund’s treasurer.

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)

Level 3 - unobservable inputs

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. On September 30, 2019, all of the investments in underlying Price
Funds were classified as Level 1, based on the inputs used to determine their fair values.