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

Fund Assets	10.01B
Expense Ratio	n/a
Min. Investment	$0.00
Turnover	74.00%
Dividend (ttm)	0.35
Dividend Yield	4.08%
Dividend Growth	2.20%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	8.46
YTD Return	0.26%
1-Year Return	2.09%
5-Year Return	4.76%
52-Week Low	8.42
52-Week High	8.63
Beta (5Y)	0.27
Holdings	561
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.

• Fund Family: T. Rowe Price
• Category: World Bond-USD Hedged
• Performance Rating: Above Average
• Risk Rating: Average
• 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 2.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.96%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
TNBMX	-i Class	0.53%
TTABX	-advisor Class	0.99%

Top 10 Holdings

23.76% of assets

Name	Symbol	Weight
Trp Government Reserve	n/a	7.47%
Germany (Federal Republic Of) 0.5%	DBRI.0.5 04.15.30 I.L	2.23%
Cash Offsets For Shorts & Derivatives	n/a	2.16%
Korea (Republic Of) 3.375%	KTB.3.375 03.10.31 3103	2.00%
Japan (Government Of) 0%	JTDB.0 09.28.26 1390	1.81%
Belgium (Kingdom Of) 1%	BGB.1 06.22.31 75	1.73%
United States Treasury Bills 0%	B.0 08.06.26	1.73%
Canada (Government of) 4%	CANRRB.4 12.01.31 CPI	1.67%
Singapore (Republic of) 2.25%	SIGB.2.25 08.01.36	1.53%
Canada (Government of) 4%	CAN.4 03.01.29	1.43%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03051	Jul 31, 2026
Jun 30, 2026	$0.02962	Jun 30, 2026
May 29, 2026	$0.03328	May 29, 2026
Apr 30, 2026	$0.02796	Apr 30, 2026
Mar 31, 2026	$0.02496	Mar 31, 2026
Feb 27, 2026	$0.02563	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 26, 2026

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