T. Rowe Price Emerg Mkts Lcl Ccy Bd

Frequently Asked Questions About PRELX

What does PRELX invest in?

This investment vehicle primarily concentrates its capital (at least 80% of net assets, including any leveraged funds) in debt securities issued by emerging market countries, denominated in their local currencies, or in derivative instruments providing equivalent exposure. Its strategy is to identify opportunities where the interplay between fixed-income returns and currency exchange rates presents an appealing profit potential. Conversely, if currency trends appear unfavorable, the fund actively employs hedging techniques to mitigate associated risks. Notably, this fund operates as a non-diversified entity.

What is the expense ratio of PRELX?

T. Rowe Price Emerg Mkts Lcl Ccy Bd (PRELX) charges an expense ratio of 0.92%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PRELX?

T. Rowe Price Emerg Mkts Lcl Ccy Bd (PRELX) manages $455.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is PRELX actively managed or an index fund?

PRELX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PRELX's is 0.92%) in exchange for the discretion to over- or under-weight positions.

When was PRELX launched?

T. Rowe Price Emerg Mkts Lcl Ccy Bd (PRELX) launched in May 2011 and is managed by T. Rowe Price.

How has PRELX performed?

PRELX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.