# T. Rowe Price Intl Bd (USD Hdgd) (TNIBX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/tnibx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: T. Rowe Price · Asset class: Currency - Strategy: Actively Managed · Inception: 2017-09-12 Under typical circumstances, this fund allocates a minimum of 80% of its total assets, which includes any borrowed capital, to debt instruments denominated in currencies other than the U.S. dollar. These foreign-currency fixed-income holdings may include those originating from developing economies. Crucially, the fund aims to preserve at least 80% of its net asset value in U.S. dollar currency exposure, typically through hedging strategies, under normal market conditions. This investment vehicle is designated as non-diversified. ## Key Facts | Metric | Value | |---|---| | Price | $8.38 | | Expense Ratio | 0.79% | | Assets Under Management | $10.07B | | NAV | $8.38 | | Holdings Count | — | | Distribution Yield (TTM) | 3.29% | | Annual Distribution (TTM) | $0.28 /share | | Distribution Frequency | Monthly | | 52-Week Range | $8.32 – $8.62 | | Beta | 0.53 | ## Latest Distribution - Amount: $0.0239 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does TNIBX invest in? Under typical circumstances, this fund allocates a minimum of 80% of its total assets, which includes any borrowed capital, to debt instruments denominated in currencies other than the U.S. dollar. These foreign-currency fixed-income holdings may include those originating from developing economies. Crucially, the fund aims to preserve at least 80% of its net asset value in U.S. dollar currency exposure, typically through hedging strategies, under normal market conditions. This investment vehicle is designated as non-diversified. ### What is the expense ratio of TNIBX? T. Rowe Price Intl Bd (USD Hdgd) (TNIBX) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TNIBX? T. Rowe Price Intl Bd (USD Hdgd) (TNIBX) manages $10.07B 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 TNIBX actively managed or an index fund? TNIBX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TNIBX's is 0.79%) in exchange for the discretion to over- or under-weight positions. ### When was TNIBX launched? T. Rowe Price Intl Bd (USD Hdgd) (TNIBX) launched in September 2017 and is managed by T. Rowe Price. ### How has TNIBX performed? TNIBX'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. ### Does TNIBX pay a dividend? T. Rowe Price Intl Bd (USD Hdgd) (TNIBX) currently distributes little or no income. Trailing-twelve-month yield is 3.29%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TNIBX pay dividends? T. Rowe Price Intl Bd (USD Hdgd) pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TNIBX's dividend yield? TNIBX's trailing-twelve-month yield is 3.29%, calculated from the sum of dividends over the past year divided by the current price. ### When is TNIBX's next ex-dividend date? The most recently announced ex-dividend date for TNIBX was 2026-09-29. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will TNIBX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.79% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TNIBX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TNIBX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TNIBX cost more than a fund like VOO? TNIBX is actively managed (current expense ratio 0.79%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether TNIBX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TNIBX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TNIBX (0.79%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/tnibx - Distribution history: https://www.dividenddata.com/funds/tnibx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/tnibx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/tnibx/expenses - Peer comparison: https://www.dividenddata.com/funds/tnibx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.