T. Rowe Price International Bond

Frequently Asked Questions About RPIBX

What does RPIBX invest in?

The fund generally commits at least 80% of its net capital, a figure that includes any borrowed funds for investment, to international debt securities. A portion of its total assets, specifically up to 25%, may be allocated to high-yield bonds, often termed "junk bonds." These are debt instruments that independent rating agencies uniformly classify as below investment grade (e.g., BB or an equivalent lower rating), or which T. Rowe Price determines to be of sub-investment grade quality. This category includes bonds that may have defaulted or carry the lowest available credit rating. It is important to note that this fund operates on a non-diversified basis.

What is the expense ratio of RPIBX?

T. Rowe Price International Bond (RPIBX) charges an expense ratio of 0.67%. This is the annual fee deducted from fund assets to cover management and operations.

What is RPIBX's dividend yield?

RPIBX's trailing-twelve-month yield is 3.70%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of RPIBX?

Effective duration measures RPIBX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RPIBX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of RPIBX?

RPIBX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of RPIBX?

Yield to maturity (YTM) is the total return you'd earn from RPIBX if every bond in the portfolio is held to maturity at the current price. RPIBX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.