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T. Rowe Price International Bond Adv (PAIBX)

6.80 +0.02 (+0.29%)
At close: 8:01 PM EST

Fund Summary

Normally, the fund invests at least 80% of its net assets (including any borrowings for investment purposes) in foreign bonds. It may invest up to 25% of its total assets in "junk" bonds that have received a below investment-grade rating (i.e., BB or equivalent, or lower) from each of the rating agencies that has assigned a rating to the bond or deemed by T.Rowe Price to be below investment-grade quality, including those in default or with the lowest rating. The fund is non-diversified.

T. Rowe Price International Bond Adv

Baltimore, MD 21202
100 East Pratt Street
(800) 225-5132

Fund Overview

Category World Bond
Fund Family T. Rowe Price
Net Assets 853.67M
YTD Return -2.13%
Yield 2.62%
Morningstar Rating
Inception Date Mar 31, 2000

Fund Operations

Last Dividend 0.15
Last Cap Gain -12.00
Holdings Turnover 68.10%
Average for Category --

Fees & Expenses

Expense PAIBX Category Average
Annual Report Expense Ratio (net) 1.09% 0.90%
Prospectus Net Expense Ratio 1.09% --
Prospectus Gross Expense Ratio 1.80% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 4.00%
Max Deferred Sales Load -- 1.41%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Kenneth A. Orchard, Lead Manager since December 31, 2015
Kenneth Orchard is a senior portfolio manager in the Fixed Income Division of T. Rowe Price and a member of the Global Fixed Income Investment Team. He is the portfolio manager for the Global Multi-Sector Bond and Diversified Income Bond Strategies and co-portfolio manager for the International Bond Strategies. Mr. Orchard earned a B.A. in international relations from the University of British Columbia and an M.Sc. in public financial policy from the London School of Economics. He has also earned the Chartered Financial Analyst designation.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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