T. Rowe Price Intl Bd (USD Hdgd) Z (TRMZX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
8.58
+0.01 (0.12%)
Oct 3, 2025, 4:00 PM EDT
0.12%
Fund Assets7.25B
Expense Ration/a
Min. Investment$0.00
Turnover54.50%
Dividend (ttm)0.34
Dividend Yield3.98%
Dividend Growth11.91%
Payout FrequencyMonthly
Ex-Dividend DateSep 30, 2025
Previous Close8.57
YTD Return1.19%
1-Year Return2.25%
5-Year Return3.55%
52-Week Low8.44
52-Week High8.60
Beta (5Y)0.26
Holdings459
Inception DateMar 16, 2020

About TRMZX

T. Rowe Price International Bond Fund (USD Hedged) Z Class is an open-end mutual fund focused on providing current income and capital appreciation. Its strategy centers on investing at least 80% of assets in non-U.S. dollar-denominated bonds, while actively hedging currency exposure so that a minimum of 80% of net assets remain in U.S. dollar terms. This approach aims to reduce the impact of currency fluctuations on returns, making it suitable for investors seeking international diversification without the volatility associated with foreign exchange movements. The fund holds a diverse portfolio across sovereign, quasi-government, and corporate issuers from both developed and emerging markets, with a bias toward investment-grade credit quality and moderate interest rate sensitivity. Managed by a team at T. Rowe Price with a strong track record in global fixed income, the fund plays a significant role in broadening exposure beyond domestic bond markets while controlling for currency risk. It appeals primarily to institutions and individuals who want access to global bond markets, risk-mitigated through currency hedging and professional management, as part of a diversified fixed income allocation.

Fund Family T. Rowe Price
Category World Bond-USD Hedged
Stock Exchange NASDAQ
Ticker Symbol TRMZX
Share Class -z Class
Index Bloomberg Global Aggr ex-USD Hedged TR

Performance

TRMZX had a total return of 2.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.70%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
TNBMX-i Class0.53%
TTABX-advisor Class0.99%

Top 10 Holdings

21.55% of assets
NameSymbolWeight
Trp Government Reserven/a3.68%
Japan (Government Of) 0.005%JGBI.0.005 03.10.34 292.64%
United States Treasury Notes 3.5%T.3.5 09.15.252.28%
Canada (Government of) 4%CANRRB.4 12.01.31 CPI2.03%
Germany (Federal Republic Of) 0.5%DBRI.0.5 04.15.30 I.L2.00%
Cash Offsets For Shorts & Derivativesn/a1.95%
Belgium (Kingdom Of) 1%BGB.1 06.22.31 751.90%
United States Treasury Bills 0%B.0 10.02.251.83%
Czech (Republic of) 1.5%CZGB.1.5 04.24.40 1251.65%
Canada (Government of) 4%CAN.4 03.01.291.59%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Sep 30, 2025$0.02673Sep 30, 2025
Aug 29, 2025$0.03072Aug 29, 2025
Jul 31, 2025$0.0309Jul 31, 2025
Jun 30, 2025$0.03027Jun 30, 2025
May 30, 2025$0.03306May 30, 2025
Apr 30, 2025$0.03156Apr 30, 2025
Full Dividend History