T. Rowe Price Dynamic Global Bond Fund Z Class (TRDZX)
| Fund Assets | 4.67B |
| Expense Ratio | n/a |
| Min. Investment | $2,500 |
| Turnover | 69.70% |
| Dividend (ttm) | 0.48 |
| Dividend Yield | 6.32% |
| Dividend Growth | 4.91% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 29, 2026 |
| Previous Close | 7.60 |
| YTD Return | 2.68% |
| 1-Year Return | 2.62% |
| 5-Year Return | 7.18% |
| 52-Week Low | 7.29 |
| 52-Week High | 7.80 |
| Beta (5Y) | n/a |
| Holdings | 413 |
| Inception Date | Mar 16, 2020 |
About TRDZX
The T. Rowe Price Dynamic Global Bond Fund Z is an actively managed mutual fund focusing on a diverse portfolio of global fixed income securities. Designed to deliver high current income with the flexibility to respond to changing market conditions, the fund employs a dynamic approach that goes beyond traditional bond strategies. It invests broadly across sovereign, inflation-linked, and corporate bonds from both developed and emerging markets, often taking opportunistic positions in currencies and credit markets, including the use of short exposures. The fund is structured to provide consistent returns throughout fixed income market cycles and aims to preserve capital while maintaining a controlled risk profile. Notable features include a focus on downside risk management, particularly in rising interest rate environments, and a low correlation with riskier asset classes during market stress. The Z class is tailored for institutional investors and features a lower expense ratio. This fund plays a significant role for investors seeking diversified fixed income exposure, income generation, and risk mitigation within a global, actively managed framework.
Performance
TRDZX had a total return of 2.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.95%.
Top 10 Holdings
46.89% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Government Reserve Fund | TRPGRIA | 10.36% |
| UNITED KINGDOM GILT | UKT.4.375 03.07.28 | 7.42% |
| GERMANY INFL INDX - DEUTSCHE BUNDESREPUBLIK INFLATION LINKED BOND | DBRI.0.1 04.15.26 I.L | 4.80% |
| MEX BONOS DESARR FIX RT - MEXICAN BONOS | MBONO.7.5 05.26.33 M | 4.63% |
| UNITED KINGDOM GILT | UKT.4.375 07.31.54 | 3.85% |
| COLOMBIAN TES | COLTES.13.25 02.09.33 B | 3.55% |
| UNITED KINGDOM GILT | UKT.4.125 03.07.31 | 3.30% |
| UNITED KINGDOM GILT | n/a | 3.19% |
| NOTA DO TESOURO NACIONAL - BRAZIL NOTAS DO TESOURO NACIONAL SERIE F | n/a | 3.10% |
| THAILAND INFL INDX - THAILAND GOVERNMENT BOND | THAIGB.1.25 03.12.28 ILB | 2.69% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 29, 2026 | $0.04027 | May 29, 2026 |
| Apr 30, 2026 | $0.04171 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03619 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03787 | Feb 27, 2026 |
| Jan 30, 2026 | $0.04111 | Jan 30, 2026 |
| Dec 31, 2025 | $0.06472 | Dec 31, 2025 |