T. Rowe Price Emerg Mkts Lcl Ccy Bd Z (TRZFX)

Fund Assets	459.75M
Expense Ratio	n/a
Min. Investment	$2,500
Turnover	81.80%
Dividend (ttm)	0.37
Dividend Yield	7.61%
Dividend Growth	9.23%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	4.840
YTD Return	-2.00%
1-Year Return	1.17%
5-Year Return	11.78%
52-Week Low	4.840
52-Week High	5.270
Beta (5Y)	n/a
Holdings	327
Inception Date	n/a

About TRZFX

T. Rowe Price Emerging Markets Local Currency Bond Fund Z Class is a mutual fund specializing in sourcing high income and capital appreciation through investments in bonds denominated in emerging markets currencies. Managed by T. Rowe Price, the fund typically allocates at least 80% of its net assets to bonds issued by governments, government agencies, and supranational organizations within developing economies, as well as derivatives linked to these securities. This strategy provides investors with exposure to both fixed-income returns and currency movements specific to emerging markets, allowing for diverse opportunities relative to more developed fixed-income markets. The fund emphasizes attractive combinations of bond yields and currency trends, utilizing hedging where currency risk is deemed unfavorable. With a non-diversified approach, it may include lower-rated bonds, even those in default, offering a comprehensive participation in the dynamic and often higher-yielding emerging markets debt sector. T. Rowe Price Emerging Markets Local Currency Bond Fund Z Class plays a significant role in portfolios seeking diversification, yield enhancement, and geographic exposure outside of developed markets fixed-income securities.

• Fund Family: T. Rowe Price
• Category: Emerging-Markets Local-Currency Bond
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: TRZFX
• Share Class: -z Class

Performance

TRZFX had a total return of 1.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.81%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
TEIMX	-i Class	0.69%
PAELX	Advisor Class	1.10%

Top 10 Holdings

23.54% of assets

Name	Symbol	Weight
NOTA DO TESOURO NACIONAL - BRAZIL NOTAS DO TESOURO NACIONAL SERIE F	BNTNF.10 01.01.31 NTNF	4.64%
T. Rowe Price Government Reserve Fund	TRPGRIA	3.00%
REPUBLIC OF SOUTH AFRICA GOVERNMENT BOND	SAGB.8.75 01.31.44 2044	2.56%
NOTA DO TESOURO NACIONAL - BRAZIL NOTAS DO TESOURO NACIONAL SERIE F	BNTNF.10 01.01.29 NTNF	2.51%
HUNGARY GOVERNMENT BOND	HGB.4.5 03.23.28 28.B	2.11%
MEXICO - MEXICAN BONOS	MBONO.8.5 02.28.30 M	2.07%
U S TREASURY BILL - UNITED STATES TREASURY BILL	B.0 09.24.26	2.00%
INDONESIA TREASURY BOND	INDOGB.6.375 04.15.32 FR91	1.77%
INDONESIA TREASURY BOND	INDOGB.7.5 04.15.40 FR83	1.48%
MEXICO - MEXICAN BONOS	MBONO.8.5 11.18.38 M	1.41%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.0308	Sep 30, 2026
Aug 31, 2026	$0.03053	Aug 31, 2026
Jul 31, 2026	$0.03352	Jul 31, 2026
Jun 30, 2026	$0.03107	Jun 30, 2026
May 29, 2026	$0.03185	May 29, 2026
Apr 30, 2026	$0.03126	Apr 30, 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:

Oct 5, 2026

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