Global High Income Bond Fund - I Class

The fund invests primarily in global, below-investment grade corporate debt securities. The Fund normally invests at least 80% of its net assets in bonds and 50% in foreign securities. The Fund may invest up to 20% of its net assets in bank loans.

Morningstar (Category)

Morningstar
(Overall Rating)1

High Yield Bond
  (631 funds)

Data as of 10/31/2021

Data as of 10/31/2021

Fund Manager Tenure2

Net Assets3
(USD)

6yrs
$271.8m

Data as of 10/31/2021

Data as of 10/31/2021

Price
(USD)

Daily Price Change

$9.99
$-0.03

Data as of 11/24/2021

Data as of 11/24/2021

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™.

Michael Della Vedova
Michael Della Vedova, Co-Portfolio Manager

Mike Della Vedova is a global high yield portfolio manager in the Fixed Income Division. He is a portfolio manager for the Europe High Yield Bond Strategy and co-portfolio manager for the Global Hi...

Michael Connelly, CFA
Michael Connelly, CFA, Co-Portfolio Manager

Michael Connelly is a portfolio manager in the Fixed Income Division, co-managing the Global High Income Bond Strategy.  He also contributes to the U.S. Core, U.S. Core Plus, and Global Multi-...

View more

Strategy

Investment Objective

The fund seeks high income and, secondarily, capital appreciation.

Yields & Dividends (I Class)

30-Day SEC Standardized Yield
with waiver
4.23%

Data as of 10/31/2021

without waiver
4.15%

Data as of 10/31/2021

30-Day Annualized Dividend Yield
with waiver
4.78%

Data as of 11/24/2021

Monthly Dividend
(USD)
$0.040070672

Data as of 10/31/2021

Monthly Dividend
Rate
0.03%

Data as of 11/24/2021

Average Annual Total Returns (I Class)*

1 YR
10.99%
Benchmark
10.18%
Value
0.81% 0.18%

Data as of 09/30/2021

3 YR
7.19%
Benchmark
6.84%
Value
0.35% 0.08%

Data as of 09/30/2021

5 YR
6.51%
Benchmark
6.34%
Value
0.17% 0.15%

Data as of 09/30/2021

Since Inception
6.78%
Benchmark
6.50%
Value
0.28% 0.26%

Benchmark: ICE BofAML Global High Yield Index Hedged to USD

Investor Class Inception Date: 01/22/2015

I Class Inception Date: 08/28/2015

Expense Ratio

Gross
0.71%
Net
0.60%
Limitation Type
Contractual
expires 04/30/2022

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.

Investors should note that short term returns greater than 40% are highly unusual and unlikely to be sustained.

*The T. Rowe Price Funds-I Class share the portfolio of an existing fund (the original share class of the fund is referred to as the "investor class"). The total return figures for I Class shares have been calculated using the performance data of the investor class up to the inception date of the I Class (shown above) and the actual performance results of the I Class since that date.  Because the I Classes are expected to have lower expenses than the Investor Classes, The I Class performance, had it existed over the periods shown, would have been higher. 

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.

The 30-day dividend yield represents the average daily dividends for the 30-day period, annualized and divided by the net asset values per share at the end of the period; it is available the first quarter after the fund's inception. The SEC standardized yield is computed under an SEC standardized formula and reflects an estimated yield to maturity (assuming all portfolio securities are held to maturity); it is available the first month after the fund's inception.

Industry

Total
Industries
31

Data as of 10/31/2021

Benchmark: ICE BofAML Global High Yield Index

Largest Industry Financial 10.63% Was (09/30/2021) 9.72%
Other View complete Industry Diversification

Over

Cable Operators
By 5.72%
Fund 8.39%
Benchmark 2.67%

Under

Energy
By -5.14%
Fund 8.85%
Benchmark 13.99%

Data as of 10/31/2021

Team (As of )

Michael Della Vedova

Michael Della Vedova
Co-Portfolio Manager

Mike Della Vedova is a global high yield portfolio manager in the Fixed Income Division. He is a portfolio manager for the Europe High Yield Bond Strategy and co-portfolio manager for the Global High Yield Bond Fund and Global High Income Bond Strategy. He 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 12
  • Years investment
    experience 28
Michael Connelly, CFA

Michael Connelly, CFA
Co-Portfolio Manager

Michael Connelly is a portfolio manager in the Fixed Income Division, co-managing the Global High Income Bond Strategy.  He also contributes to the U.S. Core, U.S. Core Plus, and Global Multi-Sector Bond Strategies. He is a cochairman of the Investment Advisory Committee for the Global High Income Bond Fund and a member of the Sector Strategy Advisory Group. Michael is a vice president of T. Rowe Price Associates, Inc., and T. Rowe Price Group, Inc.

  • Years at
    T. Rowe Price 16
  • Years investment
    experience 22
Samy Muaddi, CFA

Samy Muaddi, CFA
Co-Portfolio Manager

Samy Muaddi is a portfolio manager in the International Fixed Income Division. He is the portfolio manager of the Emerging Markets Bond Strategy and co-manages the Emerging Markets Corporate Bond and Global High Income Bond Strategies. He previously managed the firm’s Asia Credit Bond Strategy from its inception until 2020. Samy also is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price International Ltd.

  • Years at
    T. Rowe Price 15
  • Years investment
    experience 15
Gregor T. Dannacher, CFA

Gregor T. Dannacher, CFA
Portfolio Specialist

Gregor Dannacher is a global credit portfolio specialist in the Fixed Income Division. He supports the Multi-Asset Credit, Global High Income, US and Global High Yield, Dynamic Credit, and US Investment-Grade Strategies, working closely with clients, prospects, and consultants. Gregor is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

  • Years at
    T. Rowe Price 6
  • Years investment
    experience 29

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

View platform information
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