About PAIEX
The T. Rowe Price Dynamic Global Bond Fund – Advisor Class is an actively managed mutual fund that focuses on global fixed-income securities. Its primary objective is to seek high current income while maintaining a flexible approach to bond investing. The fund typically allocates at least 80% of its assets to bonds and ensures broad international exposure by investing at least 40% of its net assets in foreign securities, including those from emerging markets. This fund adopts a nontraditional, benchmark-agnostic strategy, enabling it to adjust portfolio duration dynamically and take opportunistic positions across currencies and credit markets. Up to 30% of its holdings may be in high yield, below-investment-grade bonds, enhancing both income potential and diversification. Active risk management is a core feature, with the fund striving for modest, consistent returns and limited correlation to equities, particularly during periods of market turbulence. Its design aims to deliver steady income, manage downside risk, and maintain bond-like volatility within a changing global interest rate environment.
Fund Family T. Rowe Price
Category Nontraditional Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PAIEX
Share Class -advisor Class
Index ICE BofA US 3-Month T Bill TR IX
PAIEX had a total return of 2.31% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.60%.
