About RPEIX
T. Rowe Price Dynamic Global Bond Fund I Class is an actively managed mutual fund specializing in the global fixed income market. Its primary objective is to provide high current income by investing at least 80% of its assets in a variety of bonds, including those issued by both U.S. and foreign governments, corporations, and entities in emerging markets. The fund takes a flexible, benchmark-agnostic approach, enabling its managers to exploit inefficiencies across interest rates, currencies, and credit markets worldwide. At least 40% of assets are typically allocated to non-U.S. securities, with an overall currency exposure cap of 50%. Notably, the fund may hold up to 30% in high-yield, below-investment-grade bonds, emphasizing its nontraditional and opportunistic strategy. Designed to offer diversification from equities and a measure of protection against rising interest rates, the portfolio can use a range of instruments, including derivatives, to manage risk and return. Monthly income distributions and a focus on downside risk management make this fund relevant for investors seeking global fixed income exposure with adaptive, risk-aware strategies in diverse market environments.
Fund Family T. Rowe Price
Category Nontraditional Bond
Stock Exchange NASDAQ
Ticker Symbol RPEIX
Share Class -i Class
Index ICE BofA US 3-Month T Bill TR IX
RPEIX had a total return of 1.25% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.53%.
