ROWE

PRICE

Global

Growth

Stock

Fund

January

31,

2025

(Unaudited)

Portfolio

Investments

‡

Value

(

Cost

and

value

$000s)

‡

ARGENTINA 1.4%

Common

Stocks 1.4%

Grupo

Financiero

Galicia,

ADR

(USD)

84,906‌

5,729‌

Grupo

Financiero

Galicia,

Rights,

2/20/25

(USD) (1)

1,005‌

14‌

MercadoLibre

(USD) (1)

5,276‌

10,142‌

Total

Argentina

(Cost

$7,457)

15,885‌

BRAZIL 0.7%

Common

Stocks 0.7%

Holdings,

Class

(USD) (1)

633,907‌

8,393‌

Total

Brazil

(Cost

$3,869)

8,393‌

CANADA 1.6%

Common

Stocks 1.6%

Brookfield

56,701‌

3,467‌

National

Bank

Canada (2)

9,840‌

873‌

Shopify,

Class

(USD) (1)

79,747‌

9,315‌

West

Fraser

Timber

45,398‌

3,936‌

Total

Canada

(Cost

$9,984)

17,591‌

CAYMAN

ISLANDS 0.6%

Convertible

Preferred

Stocks 0.6%

ByteDance,

Series

Acquisition

Date:

7/8/19,

Cost $1,202

(USD) (1)(3)(4)

24,387‌

6,599‌

Total

Cayman

Islands

(Cost

$1,202)

6,599‌

CHINA 2.6%

Common

Stocks 2.2%

Alibaba

Group

Holding

(HKD)

141,268‌

1,733‌

BYD,

Class

(HKD)

38,500‌

1,353‌

China

Resources

Mixc

Lifestyle

Services

(HKD)

921,200‌

3,488‌

Holdings,

ADR

(USD)

123,700‌

2,156‌

PDD

Holdings,

ADR

(USD) (1)

41,768‌

4,674‌

Tencent

Holdings

(HKD)

167,800‌

8,829‌

Xiaomi,

Class

(HKD) (1)

402,400‌

2,017‌

24,250‌

ROWE

PRICE

Global

Growth

Stock

Fund

Value

(Cost

and

value

$000s)

Common

Stocks

China

Shares 0.4%

Contemporary

Amperex

Technology,

(CNH)

46,000‌

1,633‌

Hongfa

Technology,

(CNH)

687,600‌

3,256‌

4,889‌

Total

China

(Cost

$25,329)

29,139‌

FRANCE 1.6%

Common

Stocks 1.6%

Airbus

37,767‌

6,533‌

Eurofins

Scientific

63,909‌

3,429‌

Sartorius

Stedim

Biotech

19,682‌

4,538‌

Schneider

Electric

13,186‌

3,344‌

Total

France

(Cost

$13,613)

17,844‌

GERMANY 3.2%

Common

Stocks 3.1%

Celonis,

Acquisition

Date:

6/17/21,

Cost $664

(USD) (1)(3)

(4)

1,795‌

363‌

Deutsche

Telekom

186,329‌

6,251‌

Hannover

Rueck

16,587‌

4,371‌

Infineon

Technologies

99,343‌

3,266‌

SAP

36,771‌

10,133‌

Siemens

44,432‌

9,525‌

Zalando (1)

36,521‌

1,361‌

35,270‌

Convertible

Preferred

Stocks 0.1%

Celonis,

Series

Acquisition

Date:

6/17/21

10/4/22,

Cost $2,668

(USD) (1)(3)(4)

7,214‌

1,456‌

Total

Germany

(Cost

$27,065)

36,726‌

HONG

KONG 0.2%

Common

Stocks 0.2%

AIA

Group

323,000‌

2,271‌

Total

Hong

Kong

(Cost

$2,162)

2,271‌

ROWE

PRICE

Global

Growth

Stock

Fund

Value

(Cost

and

value

$000s)

INDIA 3.0%

Common

Stocks 3.0%

Astral

130,393‌

2,266‌

Axis

Bank

355,729‌

4,031‌

Container

Corp.

India

197,914‌

1,776‌

Godrej

Consumer

Products

216,043‌

2,788‌

HDFC

Bank

147,242‌

2,882‌

JSW

Energy

484,598‌

2,833‌

Kotak

Mahindra

Bank

310,922‌

6,800‌

Larsen

Toubro

104,539‌

4,289‌

Reliance

Industries

154,620‌

2,250‌

Think

Learn,

Acquisition

Date:

12/23/20

1/15/21,

Cost $1,309 (1)(3)(4)

821‌

—‌

United

Spirits

141,167‌

2,315‌

Zomato (1)

765,561‌

1,939‌

34,169‌

Convertible

Preferred

Stocks 0.0%

Think

Learn,

Series

Acquisition

Date:

12/23/20

4/29/21,

Cost $6,343 (1)(3)(4)

1,977‌

—‌

Total

India

(Cost

$34,761)

34,169‌

INDONESIA 2.9%

Common

Stocks 2.9%

Bank

Central

Asia

11,245,700‌

6,497‌

Bank

Mandiri

Persero

18,224,600‌

6,696‌

Bank

Rakyat

Indonesia

Persero

2,661,700‌

687‌

Cisarua

Mountain

Dairy

15,979,800‌

4,810‌

Mayora

Indah

16,895,500‌

2,538‌

Sumber

Alfaria

Trijaya

65,094,800‌

11,460‌

Total

Indonesia

(Cost

$22,831)

32,688‌

ITALY 0.2%

Common

Stocks 0.2%

PRADA

(HKD)

358,400‌

2,873‌

Total

Italy

(Cost

$2,258)

2,873‌

ROWE

PRICE

Global

Growth

Stock

Fund

Value

(Cost

and

value

$000s)

JAPAN 2.6%

Common

Stocks 2.6%

Calbee

178,900‌

3,411‌

Chugai

Pharmaceutical

108,400‌

4,673‌

Keyence

13,800‌

5,944‌

Mitsui

105,500‌

2,088‌

Nippon

Sanso

Holdings (2)

47,700‌

1,351‌

Recruit

Holdings

116,500‌

8,131‌

Renesas

Electronics (1)

242,100‌

3,243‌

Tokyo

Seimitsu

4,600‌

218‌

Total

Japan

(Cost

$22,865)

29,059‌

MEXICO 0.3%

Common

Stocks 0.3%

Grupo

Mexico,

Series

746,041‌

3,642‌

Total

Mexico

(Cost

$3,862)

3,642‌

NETHERLANDS 1.2%

Common

Stocks 1.2%

Adyen (1)

3,356‌

5,417‌

Argenx,

ADR

(USD) (1)

3,465‌

2,270‌

ASML

Holding

(USD)

5,435‌

4,018‌

Semiconductor

Industries (2)

16,935‌

2,160‌

Total

Netherlands

(Cost

$6,924)

13,865‌

NIGERIA 0.0%

Common

Stocks 0.0%

Nestle

Nigeria (1)

461,084‌

303‌

Total

Nigeria

(Cost

$980)

303‌

PERU 0.7%

Common

Stocks 0.7%

Credicorp

(USD)

14,400‌

2,637‌

InRetail

Peru

(USD)

189,064‌

5,851‌

Total

Peru

(Cost

$6,994)

8,488‌

ROWE

PRICE

Global

Growth

Stock

Fund

Value

(Cost

and

value

$000s)

PHILIPPINES 2.1%

Common

Stocks 2.1%

Ayala

787,380‌

7,330‌

BDO

Unibank

3,794,667‌

8,933‌

Investments

560,696‌

7,470‌

Total

Philippines

(Cost

$23,894)

23,733‌

PORTUGAL 0.3%

Common

Stocks 0.3%

Galp

Energia

189,997‌

3,180‌

Total

Portugal

(Cost

$2,546)

3,180‌

SAUDI

ARABIA 0.5%

Common

Stocks 0.5%

Rajhi

Bank

211,416‌

5,576‌

Total

Saudi

Arabia

(Cost

$4,734)

5,576‌

SINGAPORE 0.8%

Common

Stocks 0.8%

Sea,

ADR

(USD) (1)(2)

43,969‌

5,355‌

Trip.com

Group,

ADR

(USD) (1)

47,800‌

3,354‌

Total

Singapore

(Cost

$3,754)

8,709‌

SOUTH

AFRICA 0.1%

Common

Stocks 0.1%

Naspers,

Class

4,051‌

854‌

Total

South

Africa

(Cost

$567)

854‌

SOUTH

KOREA 0.4%

Common

Stocks 0.4%

Samsung

Electronics

31,547‌

1,127‌

Hynix

21,481‌

2,892‌

Total

South

Korea

(Cost

$3,948)

4,019‌

ROWE

PRICE

Global

Growth

Stock

Fund

Value

(Cost

and

value

$000s)

SWITZERLAND 1.1%

Common

Stocks 1.1%

Partners

Group

Holding

2,582‌

3,922‌

Roche

Holding

10,984‌

3,453‌

Sonova

Holding

15,025‌

5,242‌

Total

Switzerland

(Cost

$12,307)

12,617‌

TAIWAN 1.7%

Common

Stocks 1.7%

Taiwan

Semiconductor

Manufacturing

358,000‌

11,948‌

Taiwan

Semiconductor

Manufacturing,

ADR

(USD)

36,038‌

7,543‌

Total

Taiwan

(Cost

$12,392)

19,491‌

UNITED

KINGDOM 2.6%

Common

Stocks 2.3%

AstraZeneca,

ADR

(USD) (2)

89,200‌

6,312‌

Experian

91,644‌

4,514‌

London

Stock

Exchange

Group

29,982‌

4,462‌

Prudential

579,573‌

4,823‌

Snyk,

Acquisition

Date:

9/3/21,

Cost $1,444

(USD) (1)(3)(4)

100,647‌

976‌

Unilever,

ADR

(USD)

90,054‌

5,167‌

26,254‌

Convertible

Preferred

Stocks 0.3%

Snyk,

Series

Acquisition

Date:

9/3/21

12/14/22,

Cost $2,406

(USD) (1)(3)(4)

168,674‌

1,636‌

Yulife

Holdings,

Series

Acquisition

Date:

10/11/22,

Cost $1,523 (1)(3)(4)

77,036‌

1,160‌

2,796‌

Total

United

Kingdom

(Cost

$24,891)

29,050‌

UNITED

STATES 64.3%

Common

Stocks 59.9%

Advanced

Micro

Devices (1)

38,716‌

4,489‌

Allstate

22,791‌

4,383‌

Alnylam

Pharmaceuticals (1)(2)

6,300‌

1,709‌

Alphabet,

Class

154,972‌

31,862‌

ROWE

PRICE

Global

Growth

Stock

Fund

Value

(Cost

and

value

$000s)

Amazon.com (1)

165,420‌

39,317‌

Amphenol,

Class

90,751‌

6,423‌

Apollo

Global

Management (2)

41,486‌

7,093‌

Apple

193,401‌

45,643‌

Ares

Management,

Class

33,969‌

6,733‌

Bank

America

361,626‌

16,743‌

Boeing (1)

11,596‌

2,047‌

Booz

Allen

Hamilton

Holding

24,916‌

3,214‌

Broadcom

31,198‌

6,903‌

Canva,

Acquisition

Date:

8/16/21

12/22/21,

Cost $3,134 (1)

(3)(4)

1,839‌

2,434‌

Carvana (1)

16,500‌

4,083‌

Charles

Schwab

137,065‌

11,338‌

Chubb

19,023‌

5,172‌

Cigna

Group

20,127‌

5,922‌

Citigroup

114,985‌

9,363‌

Colgate-Palmolive

41,236‌

3,575‌

ConocoPhillips

51,829‌

5,122‌

Constellation

Energy

15,095‌

4,528‌

Coupang (1)

167,471‌

3,937‌

Crowdstrike

Holdings,

Class

A (1)

10,700‌

4,259‌

CSX

199,661‌

6,563‌

Danaher

28,221‌

6,286‌

Elevance

Health

2,670‌

1,057‌

Eli

Lilly

24,463‌

19,842‌

Entegris

24,200‌

2,457‌

EOG

Resources

33,057‌

4,158‌

Epic

Games,

Acquisition

Date:

6/18/20,

Cost $3,100 (1)(3)

(4)

5,386‌

3,432‌

EQT

143,372‌

7,329‌

Exxon

Mobil

40,000‌

4,273‌

FedEx

4,096‌

1,085‌

Fifth

Third

Bancorp

153,139‌

6,786‌

Fiserv (1)

38,012‌

8,212‌

Freeport-McMoRan

120,554‌

4,322‌

Vernova

7,300‌

2,722‌

General

Electric (2)

43,686‌

8,893‌

Sinclair

87,600‌

3,161‌

Home

Depot

8,744‌

3,602‌

Hubbell

10,177‌

4,305‌

HubSpot (1)

9,316‌

7,262‌

Huntington

Bancshares

392,951‌

6,759‌

IDEX

13,951‌

3,129‌

Intuit

8,539‌

5,136‌

ROWE

PRICE

Global

Growth

Stock

Fund

Value

(Cost

and

value

$000s)

Intuitive

Surgical (1)

18,521‌

10,592‌

Kenvue

118,627‌

2,526‌

Keysight

Technologies (1)(2)

16,420‌

2,929‌

KKR

43,074‌

7,196‌

Las

Vegas

Sands

6,786‌

311‌

Linde

16,711‌

7,455‌

Magic

Leap,

Class

Acquisition

Date:

10/12/17,

Cost $1,153 (1)(3)(4)

2,372‌

—‌

Marriott

International,

Class

18,542‌

5,388‌

Marsh

McLennan

22,738‌

4,931‌

Martin

Marietta

Materials

6,247‌

3,399‌

Mastercard,

Class

18,603‌

10,333‌

McKesson

3,324‌

1,977‌

categories

another

unaffiliated

third

party

data

provider;

are

denominated

the

currency

the

country

presented

unless

otherwise

noted.

(1)

Non-income

producing

(2)

All

portion

this

security

loan

January

31,

2025.

(3)

Security

cannot

offered

for

public

resale

without

first

being

registered

under

the

Securities

Act

1933

and

rules

("restricted

security").

Acquisition

date

represents

the

day

which

enforceable

right

acquire

such

security

obtained

and

presented

along

with

cost

the

security

description.

The

fund

may

have

registration

rights

for

certain

restricted

securities.

Any

costs

such

registration

are

generally

borne

the

issuer.

The

aggregate

value

restricted

securities

(excluding

144A

holdings)

period

end

amounts

$68,069

and

represents

6.0%

net

assets.

(4)

Level

fair

value

hierarchy.

(5)

Seven-day

yield

(6)

Affiliated

Companies

ROWE

PRICE

Global

Growth

Stock

Fund

The

accompanying

notes

are

integral

part

this

Portfolio

Investments.

AFFILIATED

COMPANIES

($000s)

The

fund

may

invest

certain

securities

that

are

considered

affiliated

companies.

defined

the

1940

Act,

affiliated

company

one

which

the

fund

owns

the

outstanding

voting

securities,

company

that

under

common

ownership

control.

The

following

securities

were

considered

affiliated

companies

for

all

some

portion

the

three

months

ended

January

31,

2025.

Net

realized

gain

(loss),

investment

income,

change

net

unrealized

gain/loss,

and

purchase

and

sales

cost

reflect

all

activity

for

the

period

then

ended.

Affiliate

Net

Realized

Gain

(Loss)

Change

Net

Unrealized

Gain/Loss

Investment

Income

Rowe

Price

Government

Reserve

Fund,

4.44%

—‌

6‌++

Totals

—‌#

—‌

6‌+

Supplementary

Investment

Schedule

Affiliate

Value

10/31/24

Purchase

Cost

Sales

Cost

Value

1/31/25

Rowe

Price

Government

Reserve

Fund,

4.44%

877‌

14,755‌

Total

14,755‌^

Capital

gain

distributions

from

underlying

Price

funds

represented

the

net

realized

gain

(loss).

Excludes

earnings

securities

lending

collateral,

which

are

subject

rebates

and

fees.

Investment

income

comprised

dividend

income

and

interest

income.

Purchase

and

sale

information

not

shown

for

cash

management

funds.

The

cost

basis

investments

affiliated

companies

was

$14,755.

ROWE

PRICE

Global

Growth

Stock

Fund

Unaudited

Notes

Portfolio

Investments

Rowe

Price

Global

Growth

Stock

Fund (the

fund) is

registered

under

the

Investment

Company

Act

1940

(the

1940

Act)

open-end

management

investment

company

and

follows

accounting

and

reporting

guidance

the

Financial

Accounting

Standards

Board

Accounting

Standards

Codification

Topic

946.

The

accompanying

Portfolio

Investments

was

prepared

accordance

with

accounting

principles

generally

accepted

the

United

States

America

(GAAP).

For

additional

information

the

fund’s

significant

accounting

policies

and

investment

disclosures,

please

refer

the

fund’s most

recent

semiannual

annual

shareholder

report

and

its

prospectus.

VALUATION

Fair

Value

The

fund’s

financial

instruments

are

valued

the

New

York

Stock

Exchange

(NYSE),

normally

p.m.

Eastern

time,

each

day

the

NYSE

open

for

business,

and

are

reported

fair

value,

which

GAAP

defines

the

price

that

would

received

sell

asset

paid

transfer

liability

orderly

transaction

between

market

participants

the

measurement

date. The fund’s

Board

Directors

(the

Board)

has

designated

Rowe

Price

Associates,

Inc.

the

fund’s

valuation

designee

(Valuation

Designee).

Subject

oversight

the

Board,

the

Valuation

Designee

performs

the

following

functions

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

the

Valuation

Designee

are

performed

its

Valuation

Committee. The

Valuation

Designee provides

periodic

reporting

the

Board

valuation

matters.

Various

valuation

techniques

and

inputs

are

used

determine

the

fair

value

financial

instruments.

GAAP

establishes

the

following

fair

value

hierarchy

that

categorizes

the

inputs

used

measure

fair

value:

Level

–

quoted

prices

(unadjusted)

active

markets

for

identical

financial

instruments

that

the

fund

can

access

the

reporting

date

Level

–

inputs

other

than

Level

quoted

prices

that

are

observable,

either

directly

indirectly

(including,

but

not

limited

to,

quoted

prices

for

similar

financial

instruments

active

markets,

quoted

prices

for

identical

similar

financial

instruments

inactive

markets,

interest

rates

and

yield

curves,

implied

volatilities,

and

credit

spreads)

ROWE

PRICE

Global

Growth

Stock

Fund

Level

–

unobservable

inputs

(including

the Valuation

Designee’s assumptions

determining

fair

value)

Observable

inputs

are

developed

using

market

data,

such

publicly

available

information

about

actual

events

transactions,

and

reflect

the

assumptions

that

market

participants

would

use

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

price

the

financial

instrument.

GAAP

requires

valuation

techniques

maximize

the

use

relevant

observable

inputs

and

minimize

the

use

unobservable

inputs.

When

multiple

inputs

are

used

derive

fair

value,

the

financial

instrument

assigned

the

level

within

the

fair

value

hierarchy

based

the

lowest-level

input

that

significant

the

fair

value

the

financial

instrument.

Input

levels

are

not

necessarily

indication

the

risk

liquidity

associated

with

financial

instruments

that

level

but

rather

the

degree

judgment

used

determining

those

values.

Valuation

Techniques

Equity

securities,

including

exchange-traded

funds, listed

regularly

traded

securities

exchange

the

over-the-

counter

(OTC)

market

are

valued

the

last

quoted

sale

price

or,

for

certain

markets,

the

official

closing

price

the

time

the

valuations

are

made.

OTC

Bulletin

Board

securities

are

valued

the

mean

the

closing

bid

and

asked

prices.

security

that

listed

traded

than

one

exchange

valued

the

quotation

the

exchange

determined

the

primary

market

for

such

security.

Listed

securities

not

traded

particular

day

are

valued

the

mean

the

closing

bid

and

asked

prices

for

domestic

securities

and

the

last

quoted

sale

closing

price

for

international

securities.

The

last

quoted

prices

non-U.S.

equity

securities

may

adjusted

reflect

the

fair

value

such

securities

the

NYSE,

the Valuation

Designee

determines

that

developments

between

the

foreign

market

and

the

NYSE

will

affect

the

value

some

all

its portfolio

securities.

Each

business

day,

the

Valuation

Designee uses

information

from

outside

pricing

services

evaluate

the

quoted

prices

portfolio

securities

and,

appropriate,

decide whether

necessary

adjust

quoted

prices

reflect

fair

value

reviewing

variety

factors,

including

developments

foreign

markets,

the

performance

U.S.

securities

markets,

and

the

performance

instruments

trading

U.S.

markets

that

represent

foreign

securities

and

baskets

foreign

securities. The Valuation

Designee

uses

outside

pricing

services

provide

with

quoted

prices

and

information

evaluate

adjust

ROWE

PRICE

Global

Growth

Stock

Fund

those

prices.

The Valuation

Designee

cannot

predict

how

often

will

use

quoted

prices

and

how

often

will

determine

necessary

adjust

those

prices

reflect

fair

value.

Investments

denominated

foreign

currencies

are

translated

into

U.S.

dollar

values

each

day

the

prevailing

exchange

rate,

using

the

mean

the

bid

and

asked

prices

such

currencies

against

U.S.

dollars

provided

outside

pricing

service.

Investments

mutual

funds

are

valued

the

mutual

fund’s

closing

NAV

per

the

day

valuation.

Investments

for

which

market

quotations are

not

readily

available

deemed

unreliable

are

valued

fair

value

determined

good

faith

the

Valuation

Designee.

The

Valuation

Designee

has

adopted

methodologies

for

determining

the

fair

value

investments

for

which

market

quotations

are

not

readily

available

deemed

unreliable,

including

the

use

other

pricing

sources.

Factors

used

determining

fair

value

vary

type

investment

and

may

include

market

investment

specific

considerations.

The

Valuation

Designee typically

will

afford

greatest

weight

actual

prices

arm’s

length

transactions,

the

extent

they

represent

orderly

transactions

between

market

participants,

transaction

information

can

reliably

obtained,

and

prices

are

deemed

representative

fair

value.

However,

the

Valuation

Designee may

also

consider

other

valuation

methods

such

market-based

valuation

multiples;

discount

premium

from

market

value

similar,

freely

traded

security

the

same

issuer;

discounted

cash

flows;

yield

maturity;

some

combination.

Fair

value

determinations

are

reviewed

regular

basis.

Because

any

fair

value

determination

involves

significant

amount

judgment,

there

degree

subjectivity

inherent

such

pricing

decisions. Fair

value

prices

determined

the

Valuation

Designee could

differ

from

those

other

market

participants,

and

possible

that

the

fair

value

determined

for

security

may

materially

different

from

the

value

that

could

realized

upon

the

sale

that

security.

ROWE

PRICE

Global

Growth

Stock

Fund

Valuation

Inputs

The

following

table

summarizes

the

fund’s

financial

instruments,

based

the

inputs

used

determine

their

fair

values

January

31,

2025

(for

further

detail

category,

please

refer

the

accompanying

Portfolio

Investments):

Following

reconciliation

the

fund’s

Level

holdings

for

the

period ended

January

31,

2025.

Gain

(loss)

reflects

both

realized

and

change

unrealized

gain/loss

Level

holdings

during

the

period,

any.

The

change

unrealized

gain/loss

Level

instruments

held

January

31,

2025,

totaled $8,484,000 for

the

period ended

January

31,

2025.

accordance

with

GAAP,

the

following

table

provides

quantitative

information

about

significant

unobservable

inputs

used

determine

the

fair

valuations

the

fund’s

Level

assets,

class

financial

instrument.

Because

the

Valuation

Designee considers

wide

variety

factors

and

($000s)

Level

Total

Value

Assets

Common

Stocks

746,736‌

312,646‌

8,109‌

1,067,491‌

Convertible

Preferred

Stocks

—‌

59,960‌

Short-Term

Investments

1,754‌

—‌

1,754‌

Securities

Lending

Collateral

13,001‌

—‌

13,001‌

Total

761,491‌

312,646‌

68,069‌

1,142,206‌

($000s)

Beginning

Balance

10/31/24

Gain

(Loss)

During

Period

Total

Purchases

Ending

Balance

1/31/25

Investment

Securities

Common

Stocks

8,058‌

51‌

—‌

8,109‌

Convertible

Preferred

Stocks

51,231‌

8,433‌

296‌

59,960‌

Total

59,289‌

8,484‌

296‌

68,069‌

ROWE

PRICE

Global

Growth

Stock

Fund

inputs,

both

observable

and

unobservable,

determining

fair

values,

the

unobservable

inputs

presented

not

reflect

all

inputs

significant

the

fair

value

determination.

Investments

Securities

Value

(000s)

Valuation

Technique(s)+

Significant

Unobservable

Input(s)

Value

Range

Input(s)

Weighted

Average

Input(s)*

Impact

Valuation

from

Increase

Input**

Common

Stocks

8,109‌

Recent

comparable

transaction

price(s)

—#

Discount

for

illiquidity

100%

Decrease

Market

comparable

Enterprise

value

sales

multiple

4.9x

14.0x

8.3x

Increase

Sales

growth

rate

(5%)

29%

10%

Increase

Enterprise

value

gross

profit

multiple

6.6x

17.4x

10.5x

Increase

Gross

profit

growth

rate

(5%)

29%

10%

Increase

Premium

public

company

multiples

84%

39%

Increase

Discount

for

illiquidity

100%

Decrease

Discount

for

lack

marketability

10%

Decrease

Convertible

Preferred

Stocks

59,960‌

Recent

comparable

transaction

price(s)

—#

Market

comparable

Enterprise

value

gross

profit

multiple

6.6x

17.4x

12.3x

Increase

ROWE

PRICE

Global

Growth

Stock

Fund

Investments

Securities

Value

(000s)

Valuation

Technique(s)+

Significant

Unobservable

Input(s)

Value

Range

Input(s)

Weighted

Average

Input(s)*

Impact

Valuation

from

Increase

Input**

Gross

profit

growth

rate

16%

29%

17%

Increase

Enterprise

value

sales

multiple

2.2x

51.9x

12.9x

Increase

Sales

growth

rate

17%

104%

56%

Increase

Enterprise

value

gross

merchandise

value

0.7x

0.8x

Increase

Gross

merchandise

value

growth

rate

Increase

Enterprise

value

EBITDA

multiple

11.3x

35.9x

22.6x

Increase

EBITDA

growth

rate

84%

Increase

Enterprise

value

EBIT

multiple

10.2x

14.3x

12.4x

Increase

EBIT

growth

rate

27%

Increase

Premium

public

company

multiples

25%

49%

47%

Increase

Discount

public

company

multiples

15%

25%

18%

Decrease

Discount

rate

for

cost

capital

25%

38%

28%

Decrease

ROWE

PRICE

Global

Growth

Stock

Fund

Valuation

techniques

may

change

order

reflect the

Valuation

Designee’s

judgment

current

market

participant

assumptions.

Unobservable

inputs

were

weighted

the

relative

fair

value

the

instruments.

Represents

the

directional

change

the

fair

value

the

Level

investment(s)

that

would

have

resulted

from

increase

the

corresponding

input

period

end.

decrease

the

unobservable

input

would

have

had

the

opposite

effect.

Significant

increases

and

decreases

these

inputs

isolation

could

result

significantly

higher

lower

fair

value

measurements.

quantitative

unobservable

inputs

significant

the

valuation

technique

were

created

the

Valuation

Designee.

OTHER

MATTERS

Unpredictable environmental,

political,

social

and

economic

events,

including

but

not

limited

to,

environmental

natural

disasters,

war

and

conflict

(including

Russia’s

military

invasion

Ukraine

and

the

conflict

Israel,

Gaza

and

surrounding

areas),

terrorism,

geopolitical

developments

(including

trading

and

tariff

arrangements,

sanctions

and

cybersecurity

attacks),

and

public

health

epidemics

(including

the

global

outbreak

COVID-19)

and

similar

public

health

threats,

may

significantly

affect

the

economy

and

the

markets

and

issuers

which

fund

invests.

The

extent

and

duration

such

events

and

resulting

market

disruptions

cannot

predicted.

These

and

other

similar

events

may

cause

instability

across

global

markets,

including

reduced

liquidity

and

disruptions

trading

markets,

while

some

events

may

affect

certain

geographic

regions,

countries,

sectors,

and

industries

significantly

than

others,

and

exacerbate

other

pre-existing

political,

social,

and

economic

risks.

The

fund’s

Investments

Securities

Value

(000s)

Valuation

Technique(s)+

Significant

Unobservable

Input(s)

Value

Range

Input(s)

Weighted

Average

Input(s)*

Impact

Valuation

from

Increase

Input**

Discount

for

illiquidity

100%

Decrease

Discount

for

uncertainty

10%

75%

43%

Decrease

Discount

for

lack

marketability

10%

Decrease