T. Rowe Price Intl Bd (USD Hdgd) Z (TRMZX)
| Fund Assets | 7.03B |
| Expense Ratio | n/a |
| Min. Investment | $0.00 |
| Turnover | 54.50% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.90% |
| Dividend Growth | 16.34% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 8.56 |
| YTD Return | 0.96% |
| 1-Year Return | 3.73% |
| 5-Year Return | 3.52% |
| 52-Week Low | 8.44 |
| 52-Week High | 8.60 |
| Beta (5Y) | 0.24 |
| Holdings | 633 |
| Inception Date | Mar 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.
Performance
TRMZX had a total return of 3.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.72%.
Top 10 Holdings
23.00% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Government Reserve Fund | TRPGRIA | 3.70% |
| UNITED STATES TREASURY BILL | B.0 04.17.25 | 2.83% |
| JAPANESE GOVERNMENT CPI LINKED BOND | JGBI.0.005 03.10.34 29 | 2.80% |
| KINGDOM OF BELGIUM GOVERNMENT BOND | n/a | 2.70% |
| CANADIAN TREASURY BILL | n/a | 2.12% |
| DEUTSCHE BUNDESREPUBLIK INFLATION LINKED BOND | DBRI.0.5 04.15.30 I.L | 1.96% |
| CANADIAN GOVERNMENT REAL RETURN BOND | CANRRB.4 12.01.31 CPI | 1.96% |
| FRENCH REPUBLIC GOVERNMENT BOND OAT | FRTR.1.25 05.25.36 OAT | 1.71% |
| CANADIAN GOVERNMENT BOND | CAN.4 03.01.29 | 1.64% |
| REPUBLIC OF POLAND GOVERNMENT BOND | n/a | 1.58% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.03027 | Jun 30, 2025 |
| May 30, 2025 | $0.03306 | May 30, 2025 |
| Apr 30, 2025 | $0.03156 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02612 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02481 | Feb 28, 2025 |
| Jan 31, 2025 | $0.02599 | Jan 31, 2025 |