T. Rowe Price Emerging Markets Local Currency Bond Fund (PRELX)
| Fund Assets | 458.60M |
| Expense Ratio | 1.02% |
| Min. Investment | $0.00 |
| Turnover | 81.80% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 6.08% |
| Dividend Growth | 7.87% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 5.09 |
| YTD Return | 1.49% |
| 1-Year Return | 12.29% |
| 5-Year Return | 7.32% |
| 52-Week Low | 4.81 |
| 52-Week High | 5.28 |
| Beta (5Y) | n/a |
| Holdings | 191 |
| Inception Date | May 26, 2011 |
About PRELX
T. Rowe Price Emerging Markets Local Currency Bond Fund is an actively managed fixed income mutual fund that seeks to provide high income and capital appreciation by investing primarily in bonds denominated in the local currencies of emerging market countries. The fund allocates at least 80% of its net assets to sovereign and quasi-sovereign bonds from emerging market issuers, utilizing both physical securities and derivatives to gain exposure. Its diverse portfolio spans more than 50 issuers, employing a blend of in-depth country risk analysis and proprietary research to identify opportunities across local interest rate cycles and currency trends. The strategy emphasizes broad diversification and integrates environmental, social, and governance (ESG) considerations, with a significant portion of assets screened for responsible investment criteria. With a moderate interest rate sensitivity and portfolio turnover, the fund targets intermediate to long-term maturities, and is designed to capture both bond yields and potential currency appreciation within emerging economies. T. Rowe Price’s dedicated global fixed income team anchors the fund’s rigorous credit, country, and valuation assessments, making it a specialized vehicle for investors aiming for exposure to emerging markets' local debt dynamics.
Performance
PRELX had a total return of 12.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.66%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FSEDX | Fidelity | Fidelity Series Em Mk Dbt Lcl Ccy | n/a |
Top 10 Holdings
27.17% of assets| Name | Symbol | Weight |
|---|---|---|
| Secretaria Do Tesouro Nacional 10% | BNTNF.10 01.01.31 NTNF | 4.42% |
| T. Rowe Price Gov. Reserve | TRPGRIA | 4.32% |
| Mexican Bonos | n/a | 3.77% |
| Republic Of South Africa Government Bond | n/a | 2.61% |
| Czech (Republic of) 2% | CZGB.2 10.13.33 103 | 2.23% |
| Romania (Republic Of) 5% | ROMGB.5 02.12.29 10Y | 2.15% |
| Indonesia (Republic of) 6.375% | INDOGB.6.375 04.15.32 FR91 | 2.09% |
| Hungary (Republic Of) 6% | HGBR.3.5 12.23.24 29 | 2.07% |
| India (Republic of) 7.26% | IGB.7.26 02.06.33 | 1.76% |
| Indonesia (Republic of) 7.5% | INDOGB.7.5 04.15.40 FR83 | 1.75% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.02746 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03008 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02015 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02751 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02758 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02424 | Nov 28, 2025 |