0001752724-20-103164.txt : 20200526 0001752724-20-103164.hdr.sgml : 20200526 20200526150144 ACCESSION NUMBER: 0001752724-20-103164 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200526 PERIOD START: 20201231 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: 20909940 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 2020-12-31 2020-03-31 N 1262306734.69 149596.65 1262157138.04 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 0.01000000 N T ROWE PRICE EUROPEAN STOCK FUND F02UHRPTUVEKSDNQDB53 T ROWE PRICE EUROPEAN STOCK FUND 77956H401 12034867.20177800 NS USD 208443899.93000000 16.51489292796 Long EC RF US N 1 N N N T ROWE PRICE LATIN AMERICA FUND NNIEUV820YZDO05KW707 T ROWE PRICE LATIN AMERICA FUND 77956H880 823852.82834500 NS USD 11814049.56000000 0.936020500454 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 4507333.38396600 NS USD 42909813.82000000 3.399720409348 Long EC RF US N 1 N N N T ROWE PRICE INTERNATIONAL DISCOVERY FUND 0Q0CC81N5HDD1TTTMO60 T ROWE PRICE INTERNATIONAL DISCOVERY FUND 77956H302 924923.57878400 NS USD 49936624.02000000 3.956450628449 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 1343931.19718700 NS USD 48153054.80000000 3.815139442524 Long EC RF US N 1 N N N T ROWE PRICE INTERNATIONAL STOCK FUND DIXEPQW5DPUCAUYFLI61 T ROWE PRICE INTERNATIONAL STOCK FUND 77956H203 18181343.96287400 NS USD 265811248.74000000 21.06007570125 Long EC RF US N 1 N N N T ROWE PRICE NEW ASIA FUND CQSPSLYRKR4YU51MLF76 T ROWE PRICE NEW ASIA FUND 77956H500 10740407.03969000 NS USD 173672381.83000000 13.75996511018 Long EC RF US N 1 N N N T ROWE PRICE INTERNATIONAL VALUE EQUITY FUND 97KIE6QHONOYE0TN8681 T ROWE PRICE INTERNATIONAL VALUE EQUITY FUND 77956H849 26805583.14917100 NS USD 273148892.29000000 21.64143307181 Long EC RF US N 1 N N N T ROWE PRICE JAPAN FUND NUUF05SLYLABQQF20E73 T ROWE PRICE JAPAN FUND 77956H708 5260952.12945300 NS USD 68655425.29000000 5.439530722506 Long EC RF US N 1 N N N T ROWE PRICE EMERGING EUROPE FUND BVN3MWBWV2V4M8TC6A78 T ROWE PRICE EMERGING EUROPE FUND 77956H815 670737.36348400 NS USD 6901887.47000000 0.546832661479 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 848987.64704900 NS USD 5136375.26000000 0.406952122298 Long EC RF US N 1 N N N T ROWE PRICE OVERSEAS STOCK FUND O80MRID2HJVYBDLHU105 T ROWE PRICE OVERSEAS STOCK FUND 77956H757 12775939.02491800 NS USD 107573406.59000000 8.522980486966 Long EC RF US N 1 N N N 2020-05-21 T. ROWE PRICE SPECTRUM FUND, INC. Alan S. Dupski Alan S. Dupski Treasurer & Vice President XXXX NPORT-EX 2 70G1SpectrumInternationalFd.htm trowepricespectruminternatio.htm - Generated by SEC Publisher for SEC Filing

T. ROWE PRICE SPECTRUM INTERNATIONAL FUND
March 31, 2020 (Unaudited)

  $ Value  $ Purchase $ Sales      $ Value 
Portfolio of Investments(1)  12/31/19  Cost  Cost    Shares  3/31/20 
(Cost and value in $000s)             
EQUITY MUTUAL FUNDS 100.0%             
T. Rowe Price Funds:             
International Value Equity Fund  360,112  24,031  4,814    26,838,239  273,482 
International Stock Fund  366,369  11,597  35,619    18,202,496  266,120 
European Stock Fund  258,698  8,831  3,148    12,048,394  208,678 
New Asia Fund  204,475  7,109  2,388    10,752,178  173,863 
Overseas Stock Fund  139,818  4,794  1,813    12,791,056  107,701 
Japan Fund  78,963  2,735  913    5,266,494  68,728 
International Discovery Fund  61,815  2,130  764    925,972  49,993 
Emerging Markets Stock Fund  60,021  3,625  759    1,345,519  48,210 
Emerging Markets Discovery Stock             
Fund  38,697  24,081  812    4,513,154  42,965 
Latin America Fund  20,258  684  481    825,124  11,832 
Emerging Europe Fund  10,775  373  177    671,709  6,912 
Africa & Middle East Fund  7,252  244  92    850,057  5,143 
Total Equity Mutual Funds (Cost $1,265,939)          1,263,627 
 
Total Investments in Securities 100.0%             
(Cost $1,265,939)        $ 1,263,627 
Other Assets Less Liabilities 0.0%            — 
Net Assets 100.0%          $  1,263,627 

 

(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 three
months ended March 31, 2020. 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  $  (27)  $  (2,261)  $  — 
Emerging Europe Fund    (76)    (4,059)    — 
Emerging Markets Discovery             
Stock Fund    (250)    (19,001)    — 
Emerging Markets Stock Fund    (183)    (14,677)    — 
European Stock Fund    (770)    (55,703)    — 
International Discovery Fund    (190)    (13,188)    — 
International Stock Fund    2,514    (76,227)    — 
International Value Equity Fund    (1,437)    (105,847)    — 
Japan Fund    (178)    (12,057)    — 
Latin America Fund    (296)    (8,629)    — 
New Asia Fund    (463)    (35,333)    — 
Overseas Stock Fund    (521)    (35,098)    — 
Totals  $  (1,877) #  $  (382,080)  $  —+ 
 
#  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. The 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 March 31, 2020, all of the investments in underlying Price
Funds were classified as Level 1, based on the inputs used to determine their fair values.