T. Rowe Price Emerging Markets Local Currency Bond Fund (PRELX)

Fund Assets	459.75M
Expense Ratio	1.02%
Min. Investment	$0.00
Turnover	81.80%
Dividend (ttm)	0.32
Dividend Yield	6.33%
Dividend Growth	10.22%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 31, 2026

Previous Close	5.07
YTD Return	1.83%
1-Year Return	6.39%
5-Year Return	8.70%
52-Week Low	4.89
52-Week High	5.28
Beta (5Y)	0.45
Holdings	215
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.

• Fund Family: T. Rowe Price
• Category: Emerging-Markets Local-Currency Bond
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PRELX
• Index: Index is not available on Lipper Database

Performance

PRELX had a total return of 6.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.67%.

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

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TRZFX	-z Class	n/a
TEIMX	-i Class	0.69%
PAELX	Advisor Class	1.10%

Top 10 Holdings

24.44% of assets

Name	Symbol	Weight
Secretaria Do Tesouro Nacional 10%	BNTNF.10 01.01.31 NTNF	4.74%
South Africa (Republic of) 8.75%	SAGB.8.75 01.31.44 2044	3.37%
Hungary (Republic Of) 6%	HGBR.3.5 12.23.24 29	2.95%
Secretaria Do Tesouro Nacional 10%	BNTNF.10 01.01.29 NTNF	2.58%
Cash Offsets For Shorts & Derivatives	n/a	2.54%
Mexican Bonos	n/a	2.10%
Indonesia (Republic of) 6.375%	INDOGB.6.375 04.15.32 FR91	1.76%
T. Rowe Price Gov. Reserve	TRPGRIA	1.50%
Indonesia (Republic of) 7.5%	INDOGB.7.5 04.15.40 FR83	1.47%
Colombia (Republic Of) 7.75%	COLOM.7.75 09.18.30 REGS	1.42%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 31, 2026	$0.02688	Aug 31, 2026
Jul 31, 2026	$0.02939	Jul 31, 2026
Jun 30, 2026	$0.02731	Jun 30, 2026
May 29, 2026	$0.02796	May 29, 2026
Apr 30, 2026	$0.02746	Apr 30, 2026
Mar 31, 2026	$0.03008	Mar 31, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Sep 9, 2026

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