About RPISX
T. Rowe Price International Bond Fund I Class is an institutional share class mutual fund focused on providing current income and capital appreciation through global fixed income investments. The fund primarily allocates at least 80% of its assets to bonds issued by foreign governments and corporations, offering broad exposure to non-U.S. bond markets. Notably, the portfolio typically avoids hedging currency risk, resulting in "pure play" international exposure and allowing currency movements to influence returns. The fund may also invest up to 25% in below investment-grade, or "junk," bonds and up to 20% in U.S. dollar-denominated bonds, granting flexibility across credit qualities and geographies. Managed by T. Rowe Price’s experienced team, the strategy emphasizes diversification, with recent holdings spanning over 190 issuers and major exposures to government securities from countries such as Canada, China, Malaysia, Germany, and Australia. The fund serves institutional investors seeking diversification beyond domestic fixed income and aims to capitalize on opportunities in the global bond market while providing a moderate level of risk, as reflected by its average effective duration and standard deviation metrics.
Fund Family T. Rowe Price
Category World Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol RPISX
Share Class -i Class
Index Bloomberg Global Aggregate ex U.S. TR
RPISX had a total return of -3.74% in the past year, including dividends. Since the fund's
inception, the average annual return has been 0.45%.
