T. Rowe Price Emerging Markets Local Currency Bond Fund I Class (TEIMX)
| Fund Assets | 465.34M |
| Expense Ratio | 0.69% |
| Min. Investment | $500,000 |
| Turnover | 81.80% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 6.56% |
| Dividend Growth | 8.34% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 29, 2026 |
| Previous Close | 4.970 |
| YTD Return | -0.06% |
| 1-Year Return | 8.38% |
| 5-Year Return | 5.50% |
| 52-Week Low | 4.890 |
| 52-Week High | 5.280 |
| Beta (5Y) | 0.38 |
| Holdings | 204 |
| Inception Date | Dec 17, 2015 |
About TEIMX
The T. Rowe Price Emerging Markets Local Currency Bond Fund I Class is a mutual fund focused on generating high income and capital appreciation by investing primarily in bonds denominated in the local currencies of emerging market countries. The portfolio consists of fixed-rate and floating-rate bonds issued by governments, government agencies, and supranational entities across diverse emerging economies. By denominating investments in local currencies rather than U.S. dollars, the fund offers exposure to both emerging market interest rates and foreign currency movements, which can diversify risk and potentially act as a hedge against U.S. dollar weakness. The fund also utilizes derivatives—including swaps and credit default swaps—to manage risk or access specific exposures, and is permitted to take both long and short currency positions for active currency management. Integrating environmental, social, and governance (ESG) factors into its research process, the fund aims to identify opportunities and risks at both the country and issuer levels. With a nondiversified structure, the fund can concentrate holdings, allowing for targeted investment themes within its global mandate. This fund serves investors seeking to capture the income and growth potential of emerging markets through debt instruments while accepting the additional risks associated with currency fluctuations and developing economies.
Performance
TEIMX had a total return of 8.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.80%.
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 Emerging Markets Debt Local Currency Fund | n/a |
Top 10 Holdings
27.23% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Gov. Reserve | TRPGRIA | 5.25% |
| Secretaria Do Tesouro Nacional 10% | BNTNF.10 01.01.31 NTNF | 4.91% |
| Cash Offsets For Shorts & Derivatives | n/a | 3.23% |
| South Africa (Republic of) 8.75% | SAGB.8.75 01.31.44 2044 | 2.56% |
| Hungary (Republic Of) 6% | HGBR.3.5 12.23.24 29 | 2.10% |
| Mexican Bonos | n/a | 2.08% |
| Secretaria Do Tesouro Nacional 10% | BNTNF.10 01.01.35 NTNF | 1.91% |
| Indonesia (Republic of) 6.375% | INDOGB.6.375 04.15.32 FR91 | 1.88% |
| Secretaria Do Tesouro Nacional 10% | BNTNF.10 01.01.29 NTNF | 1.69% |
| India (Republic of) 7.26% | IGB.7.26 02.06.33 | 1.62% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 29, 2026 | $0.02916 | May 29, 2026 |
| Apr 30, 2026 | $0.02863 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03122 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02127 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02874 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02883 | Dec 31, 2025 |