Dynamic Global Bond Fund - Advisor Class

Invests at least 80% in bonds, and seeks to offer some protection against rising interest rates and a low correlation with the equity markets. May invest in a variety of debt securities, obligations issued by U.S. and foreign corporations, as well as bank loans.

The Fund is subject to the risk that rising interest rates will cause bond prices to fall. The fund is “nondiversified” so its share price can be expected to fluctuate more than that of a “diversified” fund. Investments in foreign bonds are subject to special risks, including potentially adverse overseas political and economic developments, greater volatility, lower liquidity, and the possibility that foreign currencies will decline against the dollar. The fund’s use of derivatives may expose it to additional volatility in comparison to investing directly in bonds and other debt securities.

Morningstar (Category)

Morningstar
(Overall Rating)1

Nontraditional Bond
  (269 funds)

Data as of 12/31/2020

Data as of 12/31/2020

Fund Manager Tenure2

Net Assets3
(USD)

5yrs
$4.1b

Data as of 12/31/2020

Data as of 12/31/2020

Price
(USD)

Daily Price Change

$9.90
$-0.01

Data as of 01/15/2021

Data as of 01/15/2021

Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.

Arif Husain, CFA
Arif Husain, CFA, Portfolio Manager

Arif Husain is the head of the International Fixed Income Division. He is a co-portfolio manager for the International Bond and Institutional International Bond Strategies and the lead portfolio manager for the Global Aggregate Bond Strategy. Arif also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

View more

Strategy

Investment Objective

The fund seeks high current income.

Morningstar Fixed Income Style

Mid / Moderate

Data as of 12/31/2020

The Morningstar Style Box™, a proprietary Morningstar data point, is a 9-square grid that provides a graphical representation of the "investment style" of stocks and mutual funds. See disclaimer at bottom of page for more information.

Morningstar Rating

Period Rating Funds In Category (Nontraditional Bond)
Overall 269
3 Years 269
5 Years 240
10 Years N/A 94

Yields & Dividends (Advisor Class)

30-Day SEC Standardized Yield
with waiver
1.66%

Data as of 12/31/2020

without waiver
1.40%

Data as of 12/31/2020

30-Day Annualized Dividend Yield
with waiver
2.75%

Data as of 01/15/2021

Monthly Dividend
(USD)
$0.025442934

Data as of 12/31/2020

Monthly Dividend
Rate
0.01%

Data as of 01/15/2021

Average Annual Total Returns (Advisor Class)

1 YR
9.28%
Benchmark
0.66%
Value
8.62% 8.62%

Data as of 12/31/2020

3 YR
2.98%
Benchmark
1.79%
Value
1.19% 1.19%
5 YR
2.20%
Benchmark
1.48%
Value
0.72% 0.72%
Since Inception
2.50%
Benchmark
1.29%
Value
1.21% 1.21%

Expense Ratio

Gross
1.21%
Net
0.90%
Limitation Type
Contractual
expires 04/30/2021

Benchmark: 3 Month LIBOR in USD

Investor Class Inception Date: 01/22/2015

Advisor Class Inception Date: 01/22/2015

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares. Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions.

The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's prospectus prior to the deduction of any waiver or reimbursement. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement.  If a fund has an active contractual expense limitation, the expiration date is shown below the gross and net expense ratio values above.  Expense ratios are as of the most recent prospectus.

Current Year Performance (Advisor Class)

Daily YTD
0.27%
Benchmark
0.01%
Value
0.26%

Data as of 01/15/2021

Monthly YTD
9.28%
Benchmark
0.66%
Value
8.62%

Data as of 12/31/2020

One Month
2.01%
Benchmark
0.02%
Value
1.99%
Three Months
2.58%
Benchmark
0.06%
Value
2.52%

Benchmark: 3 Month LIBOR in USD

Investor Class Inception Date: 01/22/2015

Advisor Class Inception Date: 01/22/2015

Asset Allocation

Net Assets
(USD)
$4.1b
Largest Global ex-US Bonds 66.98% $2.8b
Other View complete Asset Allocation

Data as of 12/31/2020

Holdings

Total
Holdings
176
Largest Holding United Kingdom Gilt 8.33% Was (09/30/2020) 7.00%
Other View complete Full Holdings
Top 10 Issuers 49.31% View the latest Top 10 Issuers

Data as of 12/31/2020

Quality

N/A

Maturity

Weighted Average

6.31 Years

Duration

Weighted Average

-0.13 Years

Top

BBB
29.53%
Was (11/30/2020) 30.63%

Top

0-1 Years
26.67%
Was (11/30/2020) 26.67%

Top

3-5 Years
32.84%
Was (11/30/2020) 12.67%

Over

BBB
By 29.53%
Fund 29.53%
Benchmark 0.00%

Over

0-1 Years
By 26.67%
Fund 26.67%
Benchmark 0.00%

Over

3-5 Years
By 32.84%
Fund 32.84%
Benchmark 0.00%

Data as of 12/31/2020

Benchmark: 3 Month LIBOR in USD

Sectors

Total
Sectors
6
Largest Sector Government 72.48% Was (11/30/2020) 72.74%
Other View complete Sector Diversification

Data as of 12/31/2020

Benchmark: N/A

Over

Government
By 33.04%
Fund 72.48%
Benchmark 0.00%

Under

Collateralised
By -23.83%
Fund 4.73%
Benchmark 0.00%

Data as of 12/31/2020

MSCI index returns are shown with gross dividends reinvested.

Team (As of )

Arif Husain, CFA

Arif Husain, CFA
Portfolio Manager

Arif Husain is the head of the International Fixed Income Division. He is a co-portfolio manager for the International Bond and Institutional International Bond Strategies and the lead portfolio manager for the Global Aggregate Bond Strategy. Arif also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

  • Fund manager
    since 2015
  • Years at
    T. Rowe Price 7
  • Years investment
    experience 25
Stephane Fertat

Stephane Fertat
Portfolio Specialist

Stephane Fertat is a portfolio specialist in the Fixed Income Division. He also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

  • Years at
    T. Rowe Price 13
  • Years investment
    experience 23
Terry  A.  Moore, CFA

Terry A. Moore, CFA
Portfolio Specialist

Terry Moore is a portfolio specialist in the Fixed Income Division. He is a member of the Global Multi-Sector, Dynamic Global Bond, Dynamic Credit Strategy, International Bond, and Customized Fixed Income Solutions teams, working closely with clients, consultants, and prospects. Terry is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

  • Years at
    T. Rowe Price 11
  • Years investment
    experience 25

For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.

How to Invest

View platform information
Share Class Min Initial Investment (USD) Min Subsequent Investment (USD) 12b-1 Fee Expense Ratio
Gross Net Limitation Type Limitation Expiration Date
Advisor Class
Cusip 77956H567
$2,500 $100 0.25% 1.21% 0.90% Contractual 04/30/2021
Investor Class
Cusip 77956H575
$2,500 $100 0.00% 0.65% 0.65% N/A
N/A
I Class
Cusip 77956H468
$1,000,000* N/A 0.00% 0.51% 0.51% N/A
N/A

* Minimum initial investment $1,000,000. Minimum is generally waived for intermediaries, certain retirement plans, and certain institutional client accounts.

1

© 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

2

Number of years managing the fund.  In the case of co-portfolio management, the longer tenure is displayed.

3

Figure applies to all share classes.

Dismiss
Tap to dismiss

Manage Subscriptions

Unsubscribe All
OK

Change Details

Congratulations! You are now registered.

Start subscribing to receive email updates.

Ok

Sign in to view and
manage your subscriptions.

Register

Download

Latest Date Range
Download Cancel

This content is restricted for Institutional Investors use only. We were not able to validate your status as an Institutional Investor with the information you provided at registration.

Please contact the T. Rowe Price Team with questions or to revise your status.

1-800-564-6958

You will need to accept the Terms & Conditions again.

Ok

You have updated your email address.

An activation email has been sent to your new email address from T. Rowe Price.

Please click on the activation link in order to receive email updates.

Ok

You have an existing account

Click OK to view your subscriptions.

OK

Confirm Cancel