Capital at risk. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.
The listed funds are not an exhaustive list of funds available. Visit www.funds.troweprice.com to see the full range of funds offered by T. Rowe Price, including those that consider environmental and social characteristics as part of their investment process. For up to date information regarding any T. Rowe Price fund's investment strategy, please see the relevant fund KID and prospectus.
SICAV
Emerging Local Markets Bond Fund
An actively managed, diversified portfolio of the local-currency denominated bonds of emerging market sovereign issuers. The strategy seeks to provide generally lower levels of credit risk compared to external bonds, with meaningful opportunities in terms of local interest rate cycle and emerging markets currency exposure. Put simply, we aim to buy high quality businesses run by high quality people. The fund is categorised as Article 8 under Sustainable Finance Disclosure Regulation (SFDR).
ISIN LU0310189781
Overview
Strategy
Fund Summary
Our approach is to leverage our in-house global fixed income team’s views to form a baseline for emerging market debt. We then carry out fundamental research, including independent country risk assessments across more than 60 countries. We formulate short- and medium-term forecasts across the yield curve for nominal bonds, inflation-linked bonds, and currencies. The promotion of environmental and/or social characteristics is achieved through the fund's commitment to maintain at least 50% of the value of its portfolio invested in issuers and/or securities that are rated as ‘Green’ by the T. Rowe Price proprietary Responsible Investor Indicator Model (RIIM). Additionally, we apply a proprietary responsible screen (exclusion list). The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.
Global Emerging Markets
Team

Andrew Keirle,
Portfolio Manager
Portfolio Manager
Andrew Keirle is a portfolio manager of the Emerging Markets Local Currency Bond Strategy in the Fixed Income Division at T. Rowe Price.
Portfolio Manager
since
2010
Years at
T. Rowe Price
T. Rowe Price
14
Years investment experience
23

Michael Ganske,
Portfolio Specialist
Portfolio Specialist
Michael Ganske is a fixed income portfolio specialist for T. Rowe Price. He is a member of the Global Fixed Income team, supporting our emerging markets debt strategies, which includes hard currency- and local currency-denominated sovereign and corporate debt. He represents the portfolio management team, presenting strategies and market outlooks in meetings and conferences.
Years at T. Rowe Price
1
Years investment experience
20

Benjamin Robins,
Portfolio Specialist
Portfolio Specialist
Ben Robins is a fixed income portfolio specialist. He is a member of the Global Fixed Income team, supporting our emerging market debt strategies.
Years at T. Rowe Price
3
Years investment experience
19