About RPIBX
T. Rowe Price International Bond Fund is an open-end mutual fund designed to provide current income and capital appreciation by investing primarily in non-U.S. bonds. The fund allocates at least 80% of its net assets to foreign bonds, offering exposure to a diverse range of sovereign, quasi-sovereign, and corporate issuers across developed and emerging markets. An important feature is its ability to invest up to 25% of total assets in below investment-grade ("junk") bonds, broadening its access to yield sources and credit sectors. The fund typically leaves currency exposures unhedged, allowing for both fixed-income and currency return potential from international markets. Notable holdings frequently include government debt from countries such as Belgium, Japan, Canada, Malaysia, Germany, France, and others. The fund maintains a moderate to extensive interest rate sensitivity and a medium credit quality profile, reflecting risks and opportunities across global bond markets. Since its inception in 1986, the fund has aimed to serve investors seeking diversification from U.S.-centric portfolios, helping manage risk and broaden income sources within the global fixed-income landscape.
Fund Family T. Rowe Price
Category World Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol RPIBX
Index Bloomberg Global Aggregate ex U.S. TR
RPIBX had a total return of -2.56% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.87%.
