International Bond Fund (USD Hedged)
Investor Class
TNIBX
Under normal conditions, the fund invests at least 80% of its net assets (including any borrowings for investment purposes) in non-U.S. dollar-denominated bonds. In addition, under normal market conditions the fund will maintain at least 80% of its net assets in U.S. dollar currency exposure.
The fund is subject to a variety of risks including the risk of investing in foreign markets, the types of bonds purchased, the degree of currency exposure, and whether the bonds are issued by countries in developed markets, emerging markets, or both. In addition, there are the interest rate and credit risks normally associated with investing in bonds.
Morningstar (Category)
Morningstar
(Overall Rating)1
World Bond-USD Hedged
(94 funds)
Data as of 12/31/2020
Data as of 12/31/2020
Fund Manager Tenure2
Net Assets3
(USD)
3yrs
$5.8b
Data as of 12/31/2020
Data as of 12/31/2020
Price
(USD)
Daily Price Change
$10.34
$+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™.
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™.
Strategy
Investment Objective
The fund seeks to provide current income and capital appreciation.
Morningstar Fixed Income Style
Mid / Extensive
Data as of 12/31/2020
Morningstar Rating
| Period | Rating | Funds In Category (World Bond-USD Hedged) |
|---|---|---|
| Overall | 94 | |
| 3 Years | 94 | |
| 5 Years | N/A | 62 |
| 10 Years | N/A | 38 |
Yields & Dividends (Investor Class)
30-Day SEC Standardized Yield
with waiver
0.94%Data as of 12/31/2020
without waiver
0.94%Data as of 12/31/2020
30-Day Annualized Dividend Yield
with waiver
1.24%Data as of 01/15/2021
Monthly Dividend
(USD)
$0.011992142
Data as of 12/31/2020
Monthly Dividend
Rate
0.01%
Data as of 01/15/2021
Average Annual Total Returns (Investor Class)
1 YR
5.59% 5.59%Benchmark
3.94% 3.94%Value
1.65% 1.65%Data as of 12/31/2020
Data as of 12/31/2020
3 YR
5.34% 5.34%Benchmark
4.88% 4.88%Value
0.46% 0.46%5 YR
N/A N/ABenchmark
N/A N/AValue
N/A N/ASince Inception
5.23% 5.23%Benchmark
4.68% 4.68%Value
0.55% 0.55%Expense Ratio
Gross
0.64%Net
0.64%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 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.
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 (Investor Class)
Daily YTD
-0.05%Benchmark
-0.22%Value
0.17%Data as of 01/15/2021
Monthly YTD
5.59%Benchmark
3.94%Value
1.65%Data as of 12/31/2020
One Month
0.70%Benchmark
0.40%Value
0.30%Three Months
1.99%Benchmark
0.94%Value
1.05%Asset Allocation
Net Assets
(USD)
$5.8b
Largest
Global ex-US Bonds
96.88%
$5.6b
Other
View complete Asset Allocation
Holdings
Total
Holdings
308
Largest Holding
Japan Government Twenty Year Bond
3.42%
Was (09/30/2020)
0.09%
Other
View complete Full Holdings
Quality
N/A
Maturity
Weighted Average
9.04 YearsDuration
Weighted Average
8.81 YearsTop
A
28.46%
Was
(11/30/2020)
28.04%
Top
10+ Years
28.75%
Was
(11/30/2020)
28.75%
Top
Over 10 Years
24.46%
Was
(11/30/2020)
24.09%
Over
Below Investment Grade
By 13.14%
Fund
13.28%
Benchmark
0.14%
Over
5-7 Years
By 5.27%
Fund
18.89%
Benchmark
13.63%
Over
Under 1 Year
By 3.13%
Fund
3.34%
Benchmark
0.20%
Under
AA
By -14.76%
Fund
6.66%
Benchmark
21.42%
Under
1-3 Years
By -4.38%
Fund
16.84%
Benchmark
21.22%
Under
1-3 Years
By -3.94%
Fund
18.11%
Benchmark
22.05%
Sectors
Total
Sectors
6
Largest Sector
Government
72.32%
Was (11/30/2020)
72.52%
Other
View complete Sector Diversification
Over
Sub Investment Grade
By 6.72%
Fund
6.72%
Benchmark
0.00%
Under
Agency/Supranationals
By -10.90%
Fund
2.18%
Benchmark
13.07%
Regions
Total
Regions
7
Largest Region
Europe
39.01%
Was (11/30/2020)
39.59%
Other
View complete Region Diversification
Over
Latin America
By 6.47%
Fund
7.47%
Benchmark
1.00%
Under
Japan
By -11.14%
Fund
12.62%
Benchmark
23.77%
Countries
Total
Countries
58
Largest Country
Japan
12.62%
Was (11/30/2020)
13.10%
Other
View complete Country Diversification
Over
United States
By 4.26%
Fund
6.25%
Benchmark
1.99%
Under
Japan
By -11.14%
Fund
12.62%
Benchmark
23.77%
Numbers may not add due to rounding and/or the exclusion of reserves and other assets. Excludes cash and derivatives.
Currency
Total
Currencies
26
Largest Currency
U.S. dollar
97.30%
Was (11/30/2020)
91.68%
Other
View complete Currency Diversification
Over
U.S. dollar
By 97.30%
Fund
97.30%
Benchmark
0.00%
Under
euro
By -42.85%
Fund
-1.82%
Benchmark
41.03%
Numbers may not total due to rounding; all numbers are percentages.
Team (As of )
Kenneth A. Orchard
Co-Portfolio Manager
Kenneth Orchard is a senior portfolio manager in the Fixed Income Division and a member of the Global Fixed Income Investment team. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.
- Fund manager
since 2017 - Years at
T. Rowe Price 10 - Years investment
experience 17
Arif Husain, CFA
Co-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.
- Years at
T. Rowe Price 7 - Years investment
experience 25
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 | ||||
|
Investor Class Cusip 77956H211 |
$2,500 | $100 | 0.00% | 0.64% | 0.64% | N/A | N/A |
|
Advisor Class Cusip 77956H187 |
$2,500 | $100 | 0.25% | 1.18% | 0.99% |
Contractual |
04/30/2022 |
|
I Class Cusip 77956H195 |
$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.
Benefits & Risks
- High-quality, investment-grade international bonds may offer higher yields than U.S. Treasury securities or investment-grade bonds in exchange for greater risk.
- International fixed-income securities offer attractive diversification benefits relative to an all-U.S. bond portfolio.
- The fund is subject to a variety of risks including the risk of investing in foreign markets, the types of bonds purchased, the degree of currency exposure, and whether the bonds are issued by countries in developed markets, emerging markets, or both.
- In addition, there are the interest rate and credit risks normally associated with investing in bonds.
Investor Profile
- Suitable for an investor with a long-term horizon seeking the above-average total return potential from international bonds.
- For investors seeking diversification relative to an all domestic fixed-income portfolio.
Risk/Return Characteristics
Data as of 12/31/2020
| Risk/Return (3 Years) | Fund | Bloomberg Barclays Global Agg ex USD - USD Hdg Index |
|---|---|---|
| Alpha | -0.29% | 0.00% |
| Beta | 1.24 | 1.00 |
| R-Squared | 0.73 | 1.00 |
| Annualized Std. Deviation | 3.92% | 2.74% |
| Information Ratio | 0.21 | 0.00 |
| Sharpe Ratio | 0.95 | 1.19 |
| Tracking Error | 2.19% | 0.00% |
Asset Allocation (12/31/2020)
| Category | % of Total Net Assets | Market Value (USD) |
|---|---|---|
| Global ex-US Bonds | 96.88% | $5,628,408,144.43 |
| Reserves | 3.12% | $181,261,699.12 |
| Total Allocation | $5,809,669,843.55 |
Numbers may not total due to rounding; all numbers are percentages.
Holdings (12/31/2020)
| Security Name | % of Fund | Prev Qtr Change | Value | Sector | Industry | Country | Coupon Rate (%) | Quality | Maturity Date | Duration (Yrs) |
|---|---|---|---|---|---|---|---|---|---|---|
| Japan Government Twenty Year Bond | 3.42% | 0.00% | $198,893,793.29 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 1.20% | A1 | 12/20/2034 | 13.12 |
| Bundesobligation | 2.74% | -0.89% | $158,895,411.79 | Government | Foreign Govt & Muni (Excl Canadian) | Germany | 0.00% | NR | 04/11/2025 | 4.29 |
| Japan Government Thirty Year Bond | 2.54% | -0.05% | $147,657,394.76 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 2.50% | A1 | 09/20/2037 | 14.37 |
| Bonos de la Tesoreria de la Republica en pesos | 2.46% | 0.07% | $142,762,070.72 | Government | Foreign Govt & Muni (Excl Canadian) | Chile | 4.70% | NR | 09/01/2030 | 7.83 |
| United Kingdom Gilt | 1.86% | N/A | $107,776,457.93 | Government | Foreign Govt & Muni (Excl Canadian) | United Kingdom | 0.63% | NR | 06/07/2025 | 4.38 |
| Japan Government Thirty Year Bond | 1.84% | -0.05% | $107,134,025.08 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 1.70% | A1 | 09/20/2044 | 20.56 |
| Malaysia Government Bond | 1.59% | 0.13% | $92,276,704.70 | Government | Foreign Govt & Muni (Excl Canadian) | Malaysia | 4.74% | A3 | 03/15/2046 | 15.16 |
| Japan Government Twenty Year Bond | 1.58% | 0.00% | $91,707,779.57 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 0.70% | A1 | 03/20/2037 | 15.59 |
| China development Bank | 1.57% | 0.03% | $91,498,529.54 | Government | Foreign Govt & Muni (Excl Canadian) | China | 3.68% | NR | 02/26/2026 | 4.59 |
| United Kingdom Gilt | 1.53% | N/A | $89,152,306.73 | Government | Foreign Govt & Muni (Excl Canadian) | United Kingdom | 4.25% | Aa3 | 12/07/2046 | 18.93 |
| Latvia Government International Bond | 1.42% | 0.04% | $82,633,059.13 | Government | Foreign Govt & Muni (Excl Canadian) | Latvia | 0.38% | A3 | 10/07/2026 | 5.72 |
| French Republic Government Bond OAT | 1.38% | 0.01% | $80,043,099.60 | Government | Foreign Govt & Muni (Excl Canadian) | France | 1.25% | Aa2 | 05/25/2036 | 14.32 |
| China development Bank | 1.31% | 0.03% | $75,855,047.36 | Government | Foreign Govt & Muni (Excl Canadian) | China | 3.43% | NR | 01/14/2027 | 5.31 |
| Australia Government Bond | 1.19% | -0.65% | $68,941,412.19 | Government | Foreign Govt & Muni (Excl Canadian) | Australia | 3.00% | Aaa | 03/21/2047 | 19.74 |
| Italy Buoni Poliennali del Tesoro | 1.16% | 0.05% | $67,637,743.86 | Government | Foreign Govt & Muni (Excl Canadian) | Italy | 2.80% | Baa3 | 03/01/2067 | 29.02 |
| Canadian Government Bond | 1.15% | 0.04% | $66,701,138.14 | Government | Canadian Govts & Municipalities | Canada | 2.00% | Aaa | 09/01/2023 | 2.59 |
| Canadian Government Real Return Bond | 1.07% | 0.03% | $62,110,979.95 | Government | Canadian Govts & Municipalities | Canada | 4.00% | Aaa | 12/01/2031 | 9.44 |
| Ireland Government Bond | 1.06% | 0.01% | $61,747,086.30 | Government | Foreign Govt & Muni (Excl Canadian) | Ireland | 0.20% | A2 | 10/18/2030 | 9.78 |
| Indonesia Government International Bond | 1.06% | 0.08% | $61,584,653.10 | Government | Foreign Govt & Muni (Excl Canadian) | Indonesia | 3.75% | Baa2 | 06/14/2028 | 6.60 |
| China Government Bond | 1.03% | 0.00% | $59,858,811.11 | Government | Foreign Govt & Muni (Excl Canadian) | China | 3.25% | NR | 06/06/2026 | 4.93 |
| Cyprus Government International Bond | 1.00% | 0.00% | $57,915,944.84 | Government | Foreign Govt & Muni (Excl Canadian) | Cyprus | 2.38% | Ba2 | 09/25/2028 | 7.18 |
| Japanese Government CPI Linked Bond | 0.95% | 0.01% | $55,042,340.96 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 0.10% | A1 | 03/10/2025 | 4.18 |
| Israel Government Bond - Fixed | 0.94% | 0.01% | $54,339,925.88 | Government | Foreign Govt & Muni (Excl Canadian) | Israel | 5.50% | NR | 01/31/2042 | 14.44 |
| China development Bank | 0.92% | 0.03% | $53,563,666.56 | Government | Foreign Govt & Muni (Excl Canadian) | China | 4.24% | NR | 08/24/2027 | 5.80 |
| Ireland Government Bond | 0.91% | 0.01% | $53,086,998.70 | Government | Foreign Govt & Muni (Excl Canadian) | Ireland | 1.35% | A2 | 03/18/2031 | 9.64 |
| Israel Government Bond - Fixed | 0.89% | 0.01% | $51,417,558.42 | Government | Foreign Govt & Muni (Excl Canadian) | Israel | 1.75% | NR | 08/31/2025 | 4.49 |
| Heta Asset Resolution | 0.87% | 0.01% | $50,342,386.48 | Agency/Supranationals | Foreign Agency | Austria | 2.38% | Aa1 | 12/13/2022 | 1.93 |
| Republic of South Africa Government Bond | 0.87% | 0.21% | $50,260,571.10 | Government | Foreign Govt & Muni (Excl Canadian) | South Africa | 10.50% | Ba2 | 12/21/2026 | 4.69 |
| Petroleos Mexicanos | 0.82% | 0.06% | $47,648,360.70 | Government | Foreign Govt & Muni (Excl Canadian) | Mexico | 5.13% | Ba2 | 03/15/2023 | 2.03 |
| Spain Government Bond | 0.82% | 0.03% | $47,597,112.00 | Government | Foreign Govt & Muni (Excl Canadian) | Spain | 0.00% | NR | 01/31/2025 | 4.09 |
| China Government Bond | 0.81% | 0.00% | $47,214,801.17 | Government | Foreign Govt & Muni (Excl Canadian) | China | 3.13% | NR | 11/21/2029 | 7.73 |
| United Kingdom Gilt | 0.80% | N/A | $46,436,557.14 | Government | Foreign Govt & Muni (Excl Canadian) | United Kingdom | 0.63% | NR | 10/22/2050 | 27.52 |
| Bonos de la Tesoreria de la Republica en pesos | 0.79% | 0.07% | $46,079,700.80 | Government | Foreign Govt & Muni (Excl Canadian) | Chile | 4.50% | A1 | 03/01/2026 | 4.61 |
| Italy Buoni Poliennali del Tesoro | 0.77% | 0.05% | $44,762,123.25 | Government | Foreign Govt & Muni (Excl Canadian) | Italy | 0.65% | Baa3 | 05/15/2026 | 5.31 |
| Japan Government Twenty Year Bond | 0.77% | 0.00% | $44,480,484.27 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 0.60% | A1 | 06/20/2037 | 15.96 |
| China development Bank | 0.75% | 0.03% | $43,623,391.08 | Government | Foreign Govt & Muni (Excl Canadian) | China | 3.50% | NR | 08/13/2026 | 5.07 |
| New South Wales Treasury | 0.74% | 0.04% | $43,066,458.91 | Local Government | Local Government | Australia | 4.00% | Aaa | 05/20/2026 | 4.93 |
| Cyprus Government International Bond | 0.72% | 0.00% | $41,957,842.52 | Government | Foreign Govt & Muni (Excl Canadian) | Cyprus | 3.75% | Ba2 | 07/26/2023 | 2.47 |
| Landsbankinn HF | 0.71% | 0.00% | $41,254,483.67 | Corporate High Grade | Banking | Iceland | 1.63% | NR | 03/15/2021 | 0.20 |
| Cyprus Government International Bond | 0.70% | 0.00% | $40,715,014.87 | Government | Foreign Govt & Muni (Excl Canadian) | Cyprus | 4.25% | Ba2 | 11/04/2025 | 4.50 |
| China Government Bond | 0.69% | 0.00% | $39,853,263.21 | Government | Foreign Govt & Muni (Excl Canadian) | China | 3.12% | NR | 12/05/2026 | 5.43 |
| Ireland Government Bond | 0.66% | 0.01% | $38,492,903.65 | Government | Foreign Govt & Muni (Excl Canadian) | Ireland | 5.40% | A2 | 03/13/2025 | 3.79 |
| Slovenia Government Bond | 0.66% | 0.01% | $38,453,633.07 | Government | Foreign Govt & Muni (Excl Canadian) | Slovenia | 1.25% | A3 | 03/22/2027 | 6.00 |
| Cyprus Government International Bond | 0.66% | 0.00% | $38,078,523.88 | Government | Foreign Govt & Muni (Excl Canadian) | Cyprus | 3.88% | Ba2 | 05/06/2022 | 1.31 |
| Westlake Chemical | 0.65% | 0.06% | $37,649,461.92 | Corporate High Grade | Chemicals | United States | 1.63% | Baa2 | 07/17/2029 | 7.86 |
| Singapore Government Bond | 0.63% | 0.00% | $36,568,122.95 | Government | Foreign Govt & Muni (Excl Canadian) | Singapore | 3.13% | Aaa | 09/01/2022 | 1.62 |
| Brazil Notas do Tesouro Nacional Serie F | 0.63% | 0.06% | $36,564,329.22 | Government | Foreign Govt & Muni (Excl Canadian) | Brazil | 10.00% | Ba2 | 01/01/2025 | 3.36 |
| Malaysia Government Bond | 0.62% | 0.13% | $35,884,802.75 | Government | Foreign Govt & Muni (Excl Canadian) | Malaysia | 4.92% | NR | 07/06/2048 | 16.27 |
| India Government Bond | 0.60% | 0.00% | $35,129,665.97 | Government | Foreign Govt & Muni (Excl Canadian) | India | 6.45% | NR | 10/07/2029 | 6.58 |
| Serbia International Bond | 0.60% | 0.06% | $34,813,597.12 | Government | Foreign Govt & Muni (Excl Canadian) | Serbia | 1.50% | Ba3 | 06/26/2029 | 7.96 |
| Romanian Government International Bond | 0.60% | 0.00% | $34,787,274.95 | Government | Foreign Govt & Muni (Excl Canadian) | Romania | 3.62% | Baa3 | 05/26/2030 | 8.08 |
| Thailand Government Bond | 0.58% | 0.03% | $33,915,683.77 | Government | Foreign Govt & Muni (Excl Canadian) | Thailand | 3.65% | Baa1 | 06/20/2031 | 8.92 |
| Caixabank | 0.58% | 0.03% | $33,472,213.43 | Corporate High Yield | Hy-Banking | Spain | 2.75% | Ba1 | 07/14/2028 | 2.44 |
| 1MDB Global Investments | 0.57% | 0.01% | $33,057,611.62 | Government | Foreign Govt & Muni (Excl Canadian) | Malaysia | 4.40% | NR | 03/09/2023 | 2.04 |
| Stadshypotek | 0.57% | 0.05% | $32,951,096.14 | Corporate High Grade | Banking | Sweden | 2.00% | Aaa | 09/01/2028 | 7.20 |
| China development Bank | 0.57% | 0.03% | $32,891,533.38 | Government | Foreign Govt & Muni (Excl Canadian) | China | 3.65% | NR | 05/21/2029 | 7.14 |
| Japanese Government CPI Linked Bond | 0.56% | 0.01% | $32,578,973.75 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 0.10% | A1 | 09/10/2024 | 3.69 |
| India Government Bond | 0.56% | 0.00% | $32,508,306.20 | Government | Foreign Govt & Muni (Excl Canadian) | India | 8.24% | Baa3 | 02/15/2027 | 4.75 |
| China Government Bond | 0.55% | 0.00% | $32,016,578.49 | Government | Foreign Govt & Muni (Excl Canadian) | China | 3.54% | NR | 08/16/2028 | 6.62 |
| Bermuda Government International Bond | 0.51% | 0.00% | $29,785,597.87 | Government | Foreign Govt & Muni (Excl Canadian) | Bermuda | 4.75% | A2 | 02/15/2029 | 6.75 |
| Mexican Bonos | 0.51% | N/A | $29,648,646.12 | Government | Foreign Govt & Muni (Excl Canadian) | Mexico | 8.50% | Baa1 | 05/31/2029 | 6.20 |
| Indonesia Treasury Bond | 0.51% | 0.01% | $29,598,813.28 | Government | Foreign Govt & Muni (Excl Canadian) | Indonesia | 8.38% | Baa2 | 03/15/2024 | 2.78 |
| China development Bank | 0.51% | 0.03% | $29,485,730.81 | Government | Foreign Govt & Muni (Excl Canadian) | China | 4.88% | NR | 02/09/2028 | 5.91 |
| European Investment Bank | 0.51% | 0.04% | $29,432,316.92 | Agency/Supranationals | Foreign Agency | SNAT (Supe Natl Wrld Global) | 1.25% | Aaa | 05/12/2025 | 4.24 |
| Romanian Government International Bond | 0.50% | 0.00% | $28,935,801.81 | Government | Foreign Govt & Muni (Excl Canadian) | Romania | 2.12% | Baa3 | 07/16/2031 | 9.48 |
| Indonesia Treasury Bond | 0.49% | 0.01% | $28,436,998.50 | Government | Foreign Govt & Muni (Excl Canadian) | Indonesia | 6.13% | Baa2 | 05/15/2028 | 5.95 |
| Verizon Communications | 0.47% | 0.03% | $27,340,186.83 | Corporate High Grade | Telephones | United States | 1.30% | Baa1 | 05/18/2033 | 11.42 |
| Singapore Government Bond | 0.45% | 0.00% | $26,130,265.36 | Government | Foreign Govt & Muni (Excl Canadian) | Singapore | 2.88% | NR | 07/01/2029 | 7.65 |
| India Government Bond | 0.45% | 0.00% | $25,920,539.92 | Government | Foreign Govt & Muni (Excl Canadian) | India | 9.15% | NR | 11/14/2024 | 3.27 |
| Japanese Government CPI Linked Bond | 0.43% | 0.01% | $24,976,540.37 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 0.10% | A1 | 03/10/2024 | 3.19 |
| HDFC Bank | 0.43% | 0.02% | $24,949,586.25 | Emerging Market Corporate | Em-Banks | India | 8.10% | Baa3 | 03/22/2025 | 3.47 |
| Serbia Treasury Bonds | 0.42% | N/A | $24,463,723.36 | Government | Foreign Govt & Muni (Excl Canadian) | Serbia | 4.50% | NR | 08/20/2032 | 9.03 |
| Malaysia Government Bond | 0.42% | 0.13% | $24,333,575.96 | Government | Foreign Govt & Muni (Excl Canadian) | Malaysia | 4.07% | NR | 06/15/2050 | 17.88 |
| Israel Government International Bond | 0.42% | 0.01% | $24,291,783.60 | Government | Foreign Govt & Muni (Excl Canadian) | Israel | 1.50% | A1 | 01/18/2027 | 5.76 |
| Slovenia Government Bond | 0.40% | 0.01% | $23,091,545.56 | Government | Foreign Govt & Muni (Excl Canadian) | Slovenia | 3.13% | A3 | 08/07/2045 | 19.40 |
| Romanian Government International Bond | 0.39% | 0.00% | $22,875,021.41 | Government | Foreign Govt & Muni (Excl Canadian) | Romania | 2.38% | Baa3 | 04/19/2027 | 5.83 |
| Transcanada Trust | 0.38% | 0.02% | $22,050,013.41 | Corporate High Grade | Gas & Gas Transmission | Canada | 4.65% | Baa3 | 05/18/2077 | 5.25 |
| Indonesia Treasury Bond | 0.37% | 0.01% | $21,447,376.03 | Government | Foreign Govt & Muni (Excl Canadian) | Indonesia | 7.00% | Baa2 | 05/15/2027 | 5.19 |
| Slovenia Government Bond | 0.35% | 0.01% | $20,246,575.55 | Government | Foreign Govt & Muni (Excl Canadian) | Slovenia | 0.28% | A3 | 01/14/2030 | 8.96 |
| Slovenia Government International Bond | 0.34% | -0.00% | $19,710,853.63 | Government | Foreign Govt & Muni (Excl Canadian) | Slovenia | 5.25% | A3 | 02/18/2024 | 2.89 |
| Croatia Government International Bond | 0.34% | 0.01% | $19,552,636.94 | Government | Foreign Govt & Muni (Excl Canadian) | Croatia | 3.88% | Ba1 | 05/30/2022 | 1.38 |
| Portugal Obrigacoes do Tesouro OT | 0.34% | 0.02% | $19,473,304.71 | Government | Foreign Govt & Muni (Excl Canadian) | Portugal | 4.10% | Baa3 | 02/15/2045 | 17.71 |
| China Government Bond | 0.33% | 0.00% | $18,931,042.67 | Government | Foreign Govt & Muni (Excl Canadian) | China | 3.19% | NR | 04/11/2024 | 3.06 |
| China Government Bond | 0.32% | 0.00% | $18,871,882.63 | Government | Foreign Govt & Muni (Excl Canadian) | China | 3.13% | NR | 04/13/2022 | 1.24 |
| China Government Bond | 0.32% | 0.00% | $18,461,927.05 | Government | Foreign Govt & Muni (Excl Canadian) | China | 2.94% | NR | 10/17/2024 | 3.58 |
| Walgreens Boots Alliance | 0.31% | 0.01% | $18,290,083.68 | Corporate High Grade | Retail | United States | 2.13% | Baa2 | 11/20/2026 | 5.40 |
| Allianz | 0.31% | 0.02% | $18,133,152.91 | Corporate High Grade | Insurance | Germany | 3.38% | A2 | 09/18/2169 | 3.52 |
| Takeda Pharmaceutical | 0.31% | 0.01% | $17,804,521.25 | Corporate High Grade | Drugs | Japan | 2.25% | Baa2 | 11/21/2026 | 5.39 |
| Societe Generale | 0.30% | 0.01% | $17,483,793.92 | Corporate High Grade | Banking | France | 2.50% | Baa3 | 09/16/2026 | 0.71 |
| Crh Finance UK | 0.30% | 0.02% | $17,165,959.62 | Corporate High Grade | Building Products | United Kingdom | 4.13% | Baa1 | 12/02/2029 | 7.62 |
| C&W Senior Financing DAC | 0.29% | 0.01% | $17,030,881.54 | Corporate High Grade | Cable Operators | Panama | 6.88% | B2 | 09/15/2027 | 2.24 |
| Russian Federal Bond - ofZ | 0.29% | 0.02% | $16,637,549.07 | Government | Foreign Govt & Muni (Excl Canadian) | Russia | 8.15% | Baa3 | 02/03/2027 | 4.79 |
| Aib | 0.28% | 0.02% | $16,528,311.10 | Corporate High Grade | Banking | Ireland | 2.25% | Baa2 | 07/03/2025 | 4.29 |
| Eskom Holdings SOC | 0.28% | 0.01% | $16,310,505.37 | Corporate High Grade | Utilities | South Africa | 5.75% | Caa2 | 01/26/2021 | 0.07 |
| State of Israel | 0.28% | -0.08% | $16,126,490.97 | Government | Foreign Govt & Muni (Excl Canadian) | Israel | 3.80% | A1 | 05/13/2060 | 22.34 |
| Dexia Credit Local | 0.28% | 0.00% | $15,979,176.31 | Agency/Supranationals | Foreign Agency | France | 0.63% | Aa3 | 01/21/2022 | 1.05 |
| Fiserv | 0.27% | 0.00% | $15,769,107.52 | Corporate High Grade | Information Technology | United States | 3.00% | Baa2 | 07/01/2031 | 9.05 |
| Bulgaria Government International Bond | 0.26% | 0.01% | $15,309,456.53 | Government | Foreign Govt & Muni (Excl Canadian) | Bulgaria | 1.38% | Baa1 | 09/23/2050 | 24.95 |
| Capital One Financial | 0.26% | 0.02% | $14,915,459.40 | Corporate High Grade | Banking | United States | 1.65% | Baa1 | 06/12/2029 | 7.90 |
| Slovenia Government Bond | 0.25% | 0.01% | $14,806,934.10 | Government | Foreign Govt & Muni (Excl Canadian) | Slovenia | 1.50% | A3 | 03/25/2035 | 13.07 |
| Summer BidCo BV | 0.25% | 0.01% | $14,783,286.53 | Corporate High Yield | HY - Other Telecommunications | Netherlands | 9.75% | NR | 11/15/2025 | 2.06 |
| Slovenia Government Bond | 0.25% | 0.01% | $14,272,139.73 | Government | Foreign Govt & Muni (Excl Canadian) | Slovenia | 1.00% | A3 | 03/06/2028 | 6.94 |
| Egypt Government International Bond | 0.24% | 0.02% | $14,183,262.72 | Government | Foreign Govt & Muni (Excl Canadian) | Egypt | 4.75% | NR | 04/11/2025 | 3.78 |
| UBS AG/London | 0.24% | 0.01% | $13,816,283.41 | Mortgage Backed Securities | Non - Government Mortgages | Switzerland | 1.38% | Aaa | 04/16/2021 | 0.29 |
| Norway Government Bond | 0.23% | 0.02% | $13,517,789.81 | Government | Foreign Govt & Muni (Excl Canadian) | Norway | 3.00% | Aaa | 03/14/2024 | 3.04 |
| BP Capital Markets | 0.23% | 0.01% | $13,443,684.14 | Corporate High Grade | Petroleum | United Kingdom | 1.57% | A1 | 02/16/2027 | 5.83 |
| Netflix | 0.23% | 0.01% | $13,310,212.04 | Corporate High Yield | HY-Cable Operators | United States | 4.63% | Ba3 | 05/15/2029 | 7.09 |
| BBVA Bancomer SA/Texas | 0.22% | 0.02% | $13,008,281.53 | Emerging Market Corporate | Em-Banks | Mexico | 5.13% | NR | 01/18/2033 | 5.82 |
| Blackstone Property Partners Europe Holdings Sarl | 0.22% | 0.15% | $12,978,286.41 | Corporate High Grade | Real Estate Investment Trust Securities | Luxembourg | 1.75% | NR | 03/12/2029 | 7.47 |
| State Grid Overseas Investment 2016 | 0.22% | 0.01% | $12,863,202.18 | Corporate High Grade | Utilities | China | 1.38% | A1 | 05/02/2025 | 4.19 |
| Volkswagen International Finance | 0.22% | 0.01% | $12,860,706.33 | Corporate High Grade | Automotive | Germany | 1.88% | A3 | 03/30/2027 | 5.88 |
| ABJA Investment Co Pte | 0.22% | 0.07% | $12,805,582.72 | Emerging Market Corporate | Em-Metals | India | 5.45% | NR | 01/24/2028 | 5.73 |
| China Government Bond | 0.22% | 0.00% | $12,720,732.75 | Government | Foreign Govt & Muni (Excl Canadian) | China | 4.00% | NR | 06/24/2069 | 22.01 |
| General Electric | 0.22% | 0.01% | $12,534,493.76 | Corporate High Grade | Conglomerates | United States | 1.88% | Baa1 | 05/28/2027 | 5.87 |
| Slovenia Government Bond | 0.21% | 0.01% | $12,409,528.41 | Government | Foreign Govt & Muni (Excl Canadian) | Slovenia | 4.63% | A3 | 09/09/2024 | 3.47 |
| Inmobiliaria Colonial Socimi | 0.21% | 0.00% | $12,023,753.44 | Corporate High Grade | Real Estate Investment Trust Securities | Spain | 1.63% | NR | 11/28/2025 | 4.56 |
| ICICI Bank Ltd/Dubai | 0.21% | N/A | $11,925,607.96 | Emerging Market Corporate | Em-Banks | India | 4.00% | Baa3 | 03/18/2026 | 4.69 |
| Celulosa Arauco Y Constitucion | 0.20% | -0.04% | $11,814,947.60 | Emerging Market Corporate | Em-Forest Products | Chile | 4.20% | Baa3 | 01/29/2030 | 7.50 |
| Romanian Government International Bond | 0.20% | 0.00% | $11,732,902.31 | Government | Foreign Govt & Muni (Excl Canadian) | Romania | 2.00% | Baa3 | 01/28/2032 | 9.89 |
| E.ON | 0.20% | 0.01% | $11,717,968.66 | Corporate High Grade | Utilities | Germany | 1.63% | Baa2 | 05/22/2029 | 7.73 |
| Bunge Finance Europe BV | 0.20% | 0.01% | $11,710,736.78 | Corporate High Grade | Food Processing | United States | 1.85% | Baa3 | 06/16/2023 | 2.18 |
| Dnb Boligkreditt | 0.20% | 0.00% | $11,685,466.83 | Mortgage Backed Securities | Non - Government Mortgages | Norway | 1.88% | Aaa | 11/21/2022 | 1.88 |
| Shimao Group Holdings | 0.20% | 0.16% | $11,616,433.64 | Emerging Market Corporate | Em-Building & Real Estate | China | 5.60% | NR | 07/15/2026 | 2.84 |
| Inter-American development Bank | 0.20% | 0.01% | $11,528,294.28 | Agency/Supranationals | Foreign Agency | SNAT (Supe Natl Wrld Global) | 4.40% | Aaa | 01/26/2026 | 4.57 |
| Danske Bank | 0.20% | 0.01% | $11,525,800.14 | Corporate High Grade | Banking | Denmark | 2.75% | NR | 05/19/2026 | 0.38 |
| Next | 0.20% | 0.00% | $11,476,430.51 | Corporate High Grade | Retail | United Kingdom | 3.63% | Baa2 | 05/18/2028 | 6.34 |
| Abertis Infraestructuras | 0.19% | 0.02% | $11,153,470.84 | Corporate High Grade | Transportation Services | Spain | 3.00% | NR | 03/27/2031 | 8.75 |
| Booking Holdings | 0.19% | 0.00% | $11,038,352.83 | Corporate High Grade | Retail | United States | 2.38% | NR | 09/23/2024 | 3.37 |
| Becton Dickinson And | 0.19% | 0.01% | $10,982,517.02 | Corporate High Yield | HY - Healthcare | United States | 3.02% | Ba1 | 05/24/2025 | 3.94 |
| Leaseplan | 0.19% | 0.02% | $10,943,180.48 | Corporate High Yield | HY-Automotive | Netherlands | 7.38% | Ba3 | 11/29/2169 | 3.00 |
| mo Fisher Scientific | 0.19% | 0.00% | $10,842,573.89 | Corporate High Grade | Healthcare | United States | 0.13% | Baa1 | 03/01/2025 | 4.11 |
| Fidelity National Information Services | 0.18% | 0.01% | $10,496,543.14 | Corporate High Grade | Services | United States | 2.60% | Baa2 | 05/21/2025 | 3.94 |
| Equate Petrochemical BV | 0.18% | 0.05% | $10,345,048.52 | Corporate High Grade | Chemicals | Kuwait | 4.25% | Baa2 | 11/03/2026 | 5.21 |
| Transurban Finance Co Pty | 0.18% | 0.01% | $10,244,734.91 | Corporate High Grade | Transportation | Australia | 1.88% | Baa1 | 09/16/2024 | 3.38 |
| Province of Ontario Canada | 0.17% | 0.00% | $10,050,550.62 | Government | Canadian Govts & Municipalities | Canada | 2.60% | Aa3 | 06/02/2025 | 4.20 |
| French Republic Government Bond OAT | 0.17% | 0.01% | $10,016,304.46 | Government | Foreign Govt & Muni (Excl Canadian) | France | 1.75% | Aa2 | 05/25/2066 | 35.16 |
| Ireland Government Bond | 0.17% | 0.01% | $9,999,605.70 | Government | Foreign Govt & Muni (Excl Canadian) | Ireland | 2.00% | A2 | 02/18/2045 | 20.33 |
| General Motors Financial | 0.17% | 0.01% | $9,977,555.51 | Corporate High Grade | Financial | United States | 2.20% | Baa3 | 04/01/2024 | 3.05 |
| Adler | 0.17% | 0.01% | $9,760,038.43 | Corporate High Yield | Hy - Real Estate Investment Trust Securities | Germany | 1.50% | Ba2 | 07/26/2024 | 3.37 |
| Bulgaria Government International Bond | 0.17% | 0.01% | $9,747,841.93 | Government | Foreign Govt & Muni (Excl Canadian) | Bulgaria | 0.38% | Baa1 | 09/23/2030 | 9.60 |
| America Movil SAB de CV | 0.17% | 0.01% | $9,647,956.44 | Emerging Market Corporate | Em-Wireless Communications | Mexico | 5.75% | A3 | 06/28/2030 | 7.74 |
| AT&T | 0.17% | 0.01% | $9,631,178.91 | Corporate High Grade | Telephones | United States | 1.60% | Baa2 | 05/19/2028 | 6.82 |
| Bangkok Bank PCL/Hong Kong | 0.16% | 0.01% | $9,584,573.28 | Emerging Market Corporate | Em-Banks | Thailand | 3.73% | Baa3 | 09/25/2034 | 7.37 |
| CIFI Holdings | 0.16% | 0.00% | $9,421,214.37 | Emerging Market Corporate | Em-Building & Real Estate | China | 6.45% | NR | 11/07/2024 | 1.73 |
| Banco De Bogota | 0.16% | 0.01% | $9,309,140.77 | Emerging Market Corporate | Em-Banks | Colombia | 6.25% | Ba2 | 05/12/2026 | 4.60 |
| Adani Ports & Special Economic Zone | 0.16% | 0.01% | $9,212,072.72 | Emerging Market Corporate | Em-Transportation | India | 4.20% | Baa3 | 08/04/2027 | 5.50 |
| DH Europe Finance II Sarl | 0.16% | 0.00% | $9,203,278.76 | Corporate High Grade | Manufacturing | United States | 0.75% | Baa1 | 09/18/2031 | 10.26 |
| Legal & General | 0.16% | N/A | $9,191,526.70 | Corporate High Grade | Insurance | United Kingdom | 5.38% | A3 | 10/27/2045 | 4.29 |
| Banco de Credito del Peru | 0.16% | N/A | $9,027,508.63 | Emerging Market Corporate | Em-Banks | Peru | 3.13% | Baa3 | 07/01/2030 | 4.19 |
| Slovenia Government Bond | 0.15% | 0.01% | $8,851,477.95 | Government | Foreign Govt & Muni (Excl Canadian) | Slovenia | 5.13% | A3 | 03/30/2026 | 4.67 |
| Cemex SAB de CV | 0.15% | N/A | $8,814,549.05 | Emerging Market Corporate | Em-Building Products | Mexico | 7.38% | NR | 06/05/2027 | 2.25 |
| Petrobras Global Finance BV | 0.15% | -0.06% | $8,783,344.50 | Agency/Supranationals | Foreign Agency | Brazil | 7.38% | Ba2 | 01/17/2027 | 4.90 |
| Israel Government Bond - Fixed | 0.15% | 0.01% | $8,737,130.54 | Government | Foreign Govt & Muni (Excl Canadian) | Israel | 3.75% | NR | 03/31/2047 | 18.12 |
| Ge Capital European Funding Unlimited | 0.15% | 0.01% | $8,573,623.19 | Corporate High Grade | Financial | United States | 4.63% | Baa1 | 02/22/2027 | 5.39 |
| UniCredit | 0.15% | 0.00% | $8,436,409.49 | Corporate High Grade | Banking | Italy | 4.88% | Baa3 | 02/20/2029 | 2.85 |
| Akelius Residential Property | 0.14% | 0.00% | $8,371,919.91 | Corporate High Grade | Real Estate Investment Trust Securities | Sweden | 1.75% | NR | 02/07/2025 | 3.73 |
| Constellium | 0.14% | 0.00% | $8,236,089.98 | Corporate High Yield | HY Metals & Mining | United States | 4.25% | B2 | 02/15/2026 | 1.26 |
| Iceland Bondco | 0.14% | 0.01% | $8,221,744.07 | Corporate High Yield | Hy-Supermarkets | United Kingdom | 4.63% | B2 | 03/15/2025 | 2.31 |
| China Government Bond | 0.14% | 0.00% | $8,166,779.98 | Government | Foreign Govt & Muni (Excl Canadian) | China | 3.77% | NR | 03/08/2025 | 3.79 |
| JAB Holdings BV | 0.14% | 0.01% | $8,008,897.46 | Corporate High Grade | Financial | Luxembourg | 2.00% | Baa2 | 05/18/2028 | 6.87 |
| XLIT | 0.14% | 0.01% | $7,997,064.28 | Corporate High Grade | Insurance | Ireland | 3.25% | A3 | 06/29/2047 | 5.88 |
| Virgin Media Secured Finance | 0.14% | 0.01% | $7,973,704.20 | Corporate High Yield | HY-Cable Operators | United Kingdom | 4.25% | Ba3 | 01/15/2030 | 5.39 |
| Prologis | 0.13% | 0.01% | $7,779,245.87 | Corporate High Grade | Real Estate Investment Trust Securities | United States | 2.25% | A3 | 06/30/2029 | 7.80 |
| Credit Suisse Group Funding Guernsey | 0.13% | 0.00% | $7,773,767.32 | Corporate High Grade | Banking | Switzerland | 1.25% | Baa1 | 04/14/2022 | 1.27 |
| Sri Lanka Government International Bond | 0.13% | -0.00% | $7,581,460.32 | Government | Foreign Govt & Muni (Excl Canadian) | Sri Lanka | 6.25% | Caa1 | 07/27/2021 | 0.48 |
| General Electric | 0.13% | 0.01% | $7,573,837.07 | Corporate High Grade | Conglomerates | United States | 0.88% | Baa1 | 05/17/2025 | 4.12 |
| Ing Bank | 0.13% | 0.00% | $7,534,396.76 | Corporate High Grade | Banking | Netherlands | 3.63% | Baa2 | 02/25/2026 | 0.15 |
| Barclays | 0.13% | 0.00% | $7,458,666.60 | Corporate High Grade | Banking | United Kingdom | 1.88% | Baa2 | 12/08/2023 | 2.88 |
| Bank of America | 0.13% | 0.00% | $7,451,195.60 | Corporate High Grade | Banking | United States | 1.38% | A2 | 02/07/2025 | 3.02 |
| Credit Agricole SA/London | 0.13% | 0.00% | $7,423,208.09 | Corporate High Grade | Banking | France | 1.00% | Aa3 | 09/16/2024 | 3.65 |
| Telefonica Emisiones | 0.13% | 0.00% | $7,373,092.91 | Corporate High Grade | Wireline Communications | Spain | 1.96% | Baa3 | 07/01/2039 | 15.67 |
| Goldman Sachs | 0.12% | 0.00% | $7,247,456.60 | Corporate High Grade | Banking | United States | 1.38% | A3 | 05/15/2024 | 2.37 |
| FCA Bank SpA/Ireland | 0.12% | 0.01% | $7,169,369.97 | Corporate High Grade | Automotive | Italy | 0.50% | Baa1 | 09/13/2024 | 3.51 |
| Banco Bilbao Vizcaya Argentaria | 0.12% | 0.01% | $7,161,916.53 | Corporate High Grade | Banking | Spain | 0.38% | Baa2 | 10/02/2024 | 3.73 |
| Netherlands Government Bond | 0.12% | 0.00% | $7,057,620.11 | Government | Foreign Govt & Muni (Excl Canadian) | Netherlands | 5.50% | Aaa | 01/15/2028 | 6.02 |
| Credit Agricole SA/London | 0.12% | 0.00% | $7,003,252.14 | Corporate High Grade | Banking | France | 1.88% | Baa1 | 12/20/2026 | 5.71 |
| Volkswagen Leasing GmbH | 0.12% | 0.01% | $6,978,945.86 | Corporate High Grade | Automotive | Germany | 1.63% | A3 | 08/15/2025 | 4.46 |
| Honeywell International | 0.12% | 0.01% | $6,976,436.00 | Corporate High Grade | Manufacturing | United States | 0.75% | A2 | 03/10/2032 | 10.67 |
| Intesa Sanpaolo | 0.12% | 0.01% | $6,972,389.05 | Corporate High Grade | Banking | Italy | 1.75% | Baa1 | 07/04/2029 | 7.94 |
| Albania Government International Bond | 0.12% | 0.01% | $6,959,340.70 | Government | Foreign Govt & Muni (Excl Canadian) | Albania | 3.50% | B1 | 10/09/2025 | 4.41 |
| Crystal Almond SARL | 0.12% | 0.00% | $6,923,175.73 | Corporate High Yield | HY-Wireless Communications | Greece | 4.25% | NR | 10/15/2024 | 2.33 |
| Arion Banki HF | 0.12% | 0.00% | $6,863,622.55 | Corporate High Grade | Banking | Iceland | 1.00% | NR | 03/20/2023 | 2.18 |
| Sky | 0.12% | 0.00% | $6,796,427.36 | Corporate High Grade | Media & Communications | United Kingdom | 1.88% | A3 | 11/24/2023 | 2.84 |
| Volkswagen Leasing GmbH | 0.12% | 0.01% | $6,697,332.04 | Corporate High Grade | Automotive | Germany | 1.50% | A3 | 06/19/2026 | 5.25 |
| Bank of America | 0.12% | 0.00% | $6,694,601.83 | Corporate High Grade | Banking | United States | 2.38% | A2 | 06/19/2024 | 3.33 |
| mo Fisher Scientific | 0.11% | 0.00% | $6,668,520.35 | Corporate High Grade | Healthcare | United States | 0.88% | Baa1 | 10/01/2031 | 10.23 |
| Tesco Corporate Treasury Services | 0.11% | 0.01% | $6,641,937.93 | Corporate High Grade | Supermarkets | United Kingdom | 0.88% | Baa3 | 05/29/2026 | 5.12 |
| Nationale-Nederlanden Bank NV/the Netherlands | 0.11% | 0.00% | $6,638,306.36 | Corporate High Grade | Banking | Netherlands | 0.38% | NR | 02/26/2025 | 4.12 |
| UniCredit | 0.11% | 0.00% | $6,601,723.05 | Corporate High Grade | Banking | Italy | 2.00% | Baa1 | 03/04/2023 | 2.11 |
| Bermuda Government International Bond | 0.11% | 0.00% | $6,574,963.84 | Government | Foreign Govt & Muni (Excl Canadian) | Bermuda | 3.72% | A2 | 01/25/2027 | 5.28 |
| Nationwide Building Society | 0.11% | 0.00% | $6,500,978.07 | Corporate High Grade | Banking | United Kingdom | 2.00% | Baa2 | 07/25/2029 | 3.44 |
| AA Bond | 0.11% | 0.01% | $6,498,232.88 | Corporate High Yield | HY Services | United Kingdom | 5.50% | NR | 07/31/2022 | 1.41 |
| Morgan Stanley | 0.11% | 0.00% | $6,486,995.38 | Corporate High Grade | Banking | United States | 1.38% | A2 | 10/27/2026 | 5.63 |
| General Electric | 0.11% | 0.01% | $6,424,262.09 | Corporate High Grade | Conglomerates | United States | 2.13% | Baa1 | 05/17/2037 | 13.86 |
| China Government Bond | 0.11% | 0.00% | $6,419,272.12 | Government | Foreign Govt & Muni (Excl Canadian) | China | 3.60% | NR | 09/06/2025 | 4.30 |
| Refinitiv US Holdings | 0.11% | 0.00% | $6,410,480.12 | Corporate High Yield | HY-Information Technology | United States | 4.50% | B2 | 05/15/2026 | 0.96 |
| Tele2 | 0.11% | 0.00% | $6,229,298.82 | Corporate High Grade | Telephones | Sweden | 1.13% | NR | 05/15/2024 | 3.10 |
| American International | 0.11% | 0.01% | $6,195,795.57 | Corporate High Grade | Financial | United States | 5.00% | Baa1 | 04/26/2023 | 2.18 |
| Banco Comercial Portugues | 0.11% | 0.00% | $6,179,526.17 | Corporate High Yield | Hy-Banking | Portugal | 4.50% | Ba3 | 12/07/2027 | 1.89 |
| American Honda Finance | 0.11% | N/A | $6,163,826.83 | Corporate High Grade | Automotive | United States | 1.95% | A3 | 10/18/2024 | 3.69 |
| Ireland Government Bond | 0.11% | 0.01% | $6,100,754.76 | Government | Foreign Govt & Muni (Excl Canadian) | Ireland | 1.50% | A2 | 05/15/2050 | 25.14 |
| HSBC Holdings | 0.10% | 0.01% | $5,941,731.45 | Corporate High Grade | Banking | United Kingdom | 6.50% | A2 | 05/20/2024 | 3.06 |
| Danske Bank | 0.10% | 0.01% | $5,896,737.21 | Corporate High Grade | Banking | Denmark | 1.38% | NR | 02/12/2030 | 3.96 |
| International Game Technology | 0.10% | 0.01% | $5,742,130.66 | Corporate High Yield | HY-Gaming | Italy | 3.50% | Ba3 | 06/15/2026 | 2.25 |
| Akelius Residential Property | 0.10% | 0.00% | $5,704,297.62 | Corporate High Grade | Real Estate Investment Trust Securities | Sweden | 1.13% | NR | 03/14/2024 | 2.93 |
| Kreditanstalt fuer Wiederaufbau | 0.10% | 0.00% | $5,652,860.49 | Agency/Supranationals | Foreign Agency | Germany | 4.70% | Aaa | 06/02/2037 | 12.47 |
| American Honda Finance | 0.10% | N/A | $5,625,731.94 | Corporate High Grade | Automotive | United States | 0.75% | A3 | 11/25/2026 | 5.78 |
| Consus Real Estate | 0.10% | 0.00% | $5,572,531.43 | Corporate High Yield | Hy - Real Estate Investment Trust Securities | Germany | 9.63% | NR | 05/15/2024 | 0.38 |
| Romanian Government International Bond | 0.10% | 0.00% | $5,571,622.64 | Government | Foreign Govt & Muni (Excl Canadian) | Romania | 2.88% | Baa3 | 03/11/2029 | 7.29 |
| Goldman Sachs | 0.09% | 0.00% | $5,497,371.96 | Corporate High Grade | Banking | United States | 1.63% | A3 | 07/27/2026 | 5.34 |
| Albania Government International Bond | 0.09% | 0.01% | $5,437,993.86 | Government | Foreign Govt & Muni (Excl Canadian) | Albania | 3.50% | B1 | 06/16/2027 | 5.75 |
| Japan Government Twenty Year Bond | 0.09% | 0.00% | $5,298,802.89 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 1.40% | A1 | 09/20/2034 | 12.72 |
| Province of Ontario Canada | 0.09% | 0.00% | $5,264,010.53 | Local Government | Local Government | Canada | 3.50% | Aa3 | 06/02/2043 | 16.69 |
| Capgemini | 0.09% | 0.00% | $5,202,524.15 | Corporate High Grade | Computer Service & Software | France | 1.63% | NR | 04/15/2026 | 4.87 |
| FCE Bank | 0.09% | 0.00% | $5,129,982.33 | Corporate High Yield | HY-Automotive | United Kingdom | 1.66% | Ba2 | 02/11/2021 | 0.11 |
| Intercontinental Hotels | 0.09% | 0.00% | $5,121,891.77 | Corporate High Grade | Lodging | United Kingdom | 3.88% | NR | 11/28/2022 | 1.86 |
| Japan Government Thirty Year Bond | 0.09% | -0.05% | $5,118,481.58 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 2.20% | A1 | 09/20/2039 | 16.13 |
| Cyprus Government International Bond | 0.09% | 0.00% | $5,091,929.94 | Government | Foreign Govt & Muni (Excl Canadian) | Cyprus | 2.75% | Ba2 | 05/03/2049 | 21.55 |
| Romanian Government International Bond | 0.09% | 0.00% | $5,039,592.03 | Government | Foreign Govt & Muni (Excl Canadian) | Romania | 2.00% | Baa3 | 01/28/2032 | 9.89 |
| ProSiebenSat.1 Media | 0.08% | 0.00% | $4,828,974.44 | Corporate High Grade | Broadcasting | Germany | 2.63% | NR | 04/15/2021 | 0.04 |
| HSBC Bank | 0.08% | 0.00% | $4,668,210.41 | Corporate High Grade | Banking | United Kingdom | 4.75% | Baa1 | 03/24/2046 | 16.44 |
| Country Garden Holdings | 0.08% | 0.00% | $4,650,303.18 | Emerging Market Corporate | Em-Building & Real Estate | China | 6.15% | NR | 09/17/2025 | 2.82 |
| Indonesia Treasury Bond | 0.08% | 0.01% | $4,635,497.54 | Government | Foreign Govt & Muni (Excl Canadian) | Indonesia | 10.25% | Baa2 | 07/15/2027 | 4.85 |
| India Government Bond | 0.08% | 0.00% | $4,598,798.00 | Government | Foreign Govt & Muni (Excl Canadian) | India | 8.20% | NR | 09/24/2025 | 3.88 |
| Cooperatieve Rabobank UA | 0.08% | 0.00% | $4,510,245.03 | Corporate High Grade | Banking | Netherlands | 4.88% | Aa3 | 01/10/2023 | 1.89 |
| Ivory Coast Government International Bond | 0.08% | N/A | $4,501,331.16 | Government | Foreign Govt & Muni (Excl Canadian) | Cote d Ivoire | 4.88% | Ba3 | 01/30/2032 | 8.05 |
| Cirsa Finance International Sarl | 0.08% | 0.00% | $4,489,137.66 | Corporate High Yield | HY-Energy | Spain | 6.25% | B3 | 12/20/2023 | 1.78 |
| Encore Capital | 0.08% | 0.01% | $4,478,645.31 | Corporate High Yield | Hy - Financial | United States | 4.88% | Ba3 | 10/15/2025 | 2.57 |
| Enel Finance International | 0.08% | 0.00% | $4,382,456.91 | Corporate High Grade | Utilities | Italy | 5.63% | Baa2 | 08/14/2024 | 3.33 |
| Cyprus Government International Bond | 0.07% | 0.00% | $4,345,561.05 | Government | Foreign Govt & Muni (Excl Canadian) | Cyprus | 2.75% | Ba2 | 02/26/2034 | 11.35 |
| AT&T | 0.07% | 0.01% | $4,262,792.28 | Corporate High Grade | Telephones | United States | 2.05% | Baa2 | 05/19/2032 | 10.14 |
| FCE Bank | 0.07% | 0.00% | $4,250,846.53 | Corporate High Yield | HY-Automotive | United Kingdom | 0.87% | Ba2 | 09/13/2021 | 0.70 |
| Argentine Republic Government International Bond | 0.07% | -0.00% | $4,114,314.86 | Government | Foreign Govt & Muni (Excl Canadian) | Argentina | 0.13% | NR | 07/09/2030 | 8.82 |
| Morgan Stanley | 0.07% | 0.00% | $3,799,250.73 | Corporate High Grade | Banking | United States | 0.64% | A2 | 07/26/2024 | 2.55 |
| Bpce | 0.07% | 0.00% | $3,798,748.01 | Corporate High Grade | Banking | France | 1.13% | Baa2 | 01/18/2023 | 2.02 |
| Medtronic Global Holdings SCA | 0.06% | 0.00% | $3,724,775.33 | Corporate High Grade | Healthcare | United States | 0.38% | A3 | 10/15/2028 | 7.57 |
| Romanian Government International Bond | 0.06% | 0.00% | $3,683,181.03 | Government | Foreign Govt & Muni (Excl Canadian) | Romania | 2.88% | Baa3 | 10/28/2024 | 3.66 |
| Nationwide Building Society | 0.06% | 0.00% | $3,621,720.39 | Corporate High Grade | Banking | United Kingdom | 1.50% | Baa2 | 03/08/2026 | 4.04 |
| Vertical Midco GmbH | 0.06% | 0.00% | $3,594,308.09 | Corporate High Yield | HY Services | Germany | 4.38% | B1 | 07/15/2027 | 3.29 |
| Indonesia Treasury Bond | 0.06% | 0.01% | $3,585,656.60 | Government | Foreign Govt & Muni (Excl Canadian) | Indonesia | 8.38% | NR | 09/15/2026 | 4.58 |
| Refinitiv US Holdings | 0.06% | 0.00% | $3,546,491.29 | Corporate High Yield | HY-Information Technology | United States | 6.88% | Caa2 | 11/15/2026 | 0.89 |
| Banco Santander | 0.06% | 0.00% | $3,510,256.78 | Corporate High Grade | Banking | Spain | 1.38% | Baa1 | 02/09/2022 | 1.09 |
| Leeds Building Society | 0.06% | 0.00% | $3,479,398.51 | Corporate High Grade | Banking | United Kingdom | 2.63% | A3 | 04/01/2021 | 0.25 |
| Inmobiliaria Colonial Socimi | 0.06% | 0.00% | $3,460,446.56 | Corporate High Grade | Real Estate Investment Trust Securities | Spain | 2.00% | NR | 04/17/2026 | 4.83 |
| Ziggo BV | 0.06% | 0.00% | $3,401,443.44 | Corporate High Yield | HY-Cable Operators | Netherlands | 2.88% | B1 | 01/15/2030 | 5.54 |
| Ziggo BV | 0.06% | 0.00% | $3,376,432.83 | Corporate High Yield | HY-Cable Operators | Netherlands | 2.88% | B1 | 01/15/2030 | 5.52 |
| Marks & Spencer | 0.06% | 0.00% | $3,286,587.57 | Corporate High Yield | HY - Retail | United Kingdom | 6.00% | Ba1 | 06/12/2025 | 3.89 |
| Booking Holdings | 0.06% | 0.00% | $3,247,984.48 | Corporate High Grade | Retail | United States | 2.15% | A3 | 11/25/2022 | 1.64 |
| Telefonica Emisiones | 0.05% | 0.00% | $3,194,683.42 | Corporate High Grade | Wireline Communications | Spain | 1.79% | Baa3 | 03/12/2029 | 7.47 |
| Dexia Credit Local | 0.05% | 0.00% | $3,177,519.31 | Agency/Supranationals | Foreign Agency | France | 2.00% | Aa3 | 01/22/2021 | 0.06 |
| Cabot Financial Luxembourg | 0.05% | N/A | $3,088,700.59 | Corporate High Yield | Hy - Financial | United Kingdom | 7.50% | Ba3 | 10/01/2023 | 0.63 |
| Qatar Government International Bond | 0.05% | N/A | $3,073,629.63 | Government | Foreign Govt & Muni (Excl Canadian) | Qatar | 3.75% | Aa3 | 04/16/2030 | 8.04 |
| International Game Technology | 0.05% | 0.01% | $3,041,436.23 | Corporate High Yield | HY-Gaming | Italy | 3.50% | Ba3 | 06/15/2026 | 2.28 |
| Aquarius & Investments PLC for Zurich Insurance | 0.05% | 0.00% | $2,910,446.89 | Corporate High Grade | Insurance | Switzerland | 4.25% | A2 | 10/02/2043 | 2.63 |
| Cyprus Government International Bond | 0.05% | 0.00% | $2,879,538.75 | Government | Foreign Govt & Muni (Excl Canadian) | Cyprus | 1.50% | Ba2 | 04/16/2027 | 6.01 |
| Country Garden Holdings | 0.05% | 0.00% | $2,855,264.03 | Emerging Market Corporate | Em-Building & Real Estate | China | 5.13% | NR | 01/17/2025 | 1.46 |
| Capgemini | 0.05% | 0.00% | $2,806,035.67 | Corporate High Grade | Computer Service & Software | France | 2.00% | NR | 04/15/2029 | 7.51 |
| eG Global Finance | 0.05% | 0.00% | $2,689,518.37 | Corporate High Yield | HY Services | United Kingdom | 4.38% | B3 | 02/07/2025 | 2.81 |
| Telefonica Emisiones | 0.05% | 0.00% | $2,688,355.91 | Corporate High Grade | Wireline Communications | Spain | 2.24% | Baa3 | 05/27/2022 | 1.38 |
| CIFI Holdings | 0.04% | 0.00% | $2,462,506.27 | Emerging Market Corporate | Em-Building & Real Estate | China | 6.55% | NR | 03/28/2024 | 1.18 |
| Banco de Credito del Peru | 0.04% | N/A | $2,419,476.38 | Emerging Market Corporate | Em-Banks | Peru | 3.13% | Baa3 | 07/01/2030 | 4.19 |
| Tesco | 0.04% | 0.00% | $2,271,393.08 | Corporate High Grade | Supermarkets | United Kingdom | 6.13% | Baa3 | 02/24/2022 | 1.09 |
| Victoria | 0.04% | 0.00% | $2,263,716.71 | Corporate High Yield | HY-Building Products | United Kingdom | 5.25% | B1 | 07/15/2024 | 1.02 |
| Cyprus Government International Bond | 0.04% | 0.00% | $2,244,059.87 | Government | Foreign Govt & Muni (Excl Canadian) | Cyprus | 2.75% | Ba2 | 06/27/2024 | 3.34 |
| Anheuser-Busch InBev SA/NV | 0.04% | 0.00% | $2,241,662.51 | Corporate High Grade | Beverages | Belgium | 2.00% | Baa1 | 01/23/2035 | 12.15 |
| Tele2 | 0.04% | 0.00% | $2,220,585.64 | Corporate High Grade | Telephones | Sweden | 2.13% | NR | 05/15/2028 | 6.68 |
| Teva Pharmaceutical Finance Netherlands II BV | 0.04% | 0.00% | $2,182,034.40 | Corporate High Yield | Hy-Drugs | Israel | 4.50% | Ba2 | 03/01/2025 | 3.60 |
| Cirsa Finance International Sarl | 0.04% | 0.00% | $2,068,166.40 | Corporate High Yield | HY-Gaming | Spain | 6.25% | B3 | 12/20/2023 | 1.73 |
| Verisure Holding | 0.04% | 0.00% | $2,033,381.34 | Corporate High Yield | HY Services | Sweden | 3.88% | B1 | 07/15/2026 | 2.69 |
| Country Garden Holdings | 0.03% | 0.00% | $2,031,822.18 | Emerging Market Corporate | Em-Building & Real Estate | China | 5.40% | NR | 05/27/2025 | 2.73 |
| Telecom Italia SpA/Milano | 0.03% | 0.00% | $2,009,564.45 | Corporate High Yield | Hy-Wireline Communications | Italy | 5.88% | Ba2 | 05/19/2023 | 2.21 |
| Contourglobal Power Holdings | 0.03% | N/A | $1,906,279.92 | Corporate High Yield | HY - Utilities | Spain | 3.13% | NR | 01/01/2028 | 4.63 |
| Country Garden Holdings | 0.03% | 0.00% | $1,825,826.04 | Emerging Market Corporate | Em-Building & Real Estate | China | 8.00% | NR | 01/27/2024 | 0.73 |
| DH Europe Finance II Sarl | 0.03% | 0.00% | $1,810,186.02 | Corporate High Grade | Manufacturing | United States | 0.45% | Baa1 | 03/18/2028 | 6.97 |
| Abn Amro Bank | 0.03% | 0.00% | $1,759,075.19 | Corporate High Grade | Banking | Netherlands | 6.38% | Baa2 | 04/27/2021 | 0.32 |
| Altice France SA/France | 0.03% | 0.00% | $1,733,935.27 | Corporate High Yield | HY-Cable Operators | France | 5.88% | B2 | 02/01/2027 | 1.84 |
| Sofima Holding | 0.03% | N/A | $1,727,985.08 | Corporate High Yield | Hy - Financial | Italy | 3.75% | B2 | 01/15/2028 | 3.70 |
| Teva Pharmaceutical Finance Netherlands II BV | 0.03% | 0.00% | $1,688,089.93 | Corporate High Yield | Hy - Miscellaneous | Israel | 6.00% | Ba2 | 01/31/2025 | 3.39 |
| Eastern Power Networks | 0.03% | 0.00% | $1,548,724.94 | Corporate High Grade | Electric Utilities | United Kingdom | 4.75% | Baa1 | 09/30/2021 | 0.75 |
| Next | 0.03% | 0.00% | $1,546,342.20 | Corporate High Grade | Retail | United Kingdom | 4.38% | Baa2 | 10/02/2026 | 4.99 |
| PLT VII Finance Sarl | 0.03% | 0.00% | $1,492,896.40 | Corporate High Yield | HY-Wireless Communications | Lithuania | 4.63% | B2 | 01/05/2026 | 2.24 |
| Electricite De France | 0.03% | -0.00% | $1,467,825.64 | Agency/Supranationals | Foreign Agency | France | 6.88% | A3 | 12/12/2022 | 1.88 |
| HBOS | 0.02% | 0.00% | $1,412,857.66 | Corporate High Grade | Banking | United Kingdom | 5.37% | NR | 06/30/2021 | 0.50 |
| Inmobiliaria Colonial Socimi | 0.02% | 0.00% | $1,370,237.78 | Corporate High Grade | Real Estate Investment Trust Securities | Spain | 2.50% | NR | 11/28/2029 | 7.97 |
| Fiserv | 0.02% | 0.00% | $1,350,441.17 | Corporate High Grade | Information Technology | United States | 0.38% | Baa2 | 07/01/2023 | 2.42 |
| Orange | 0.02% | 0.00% | $1,299,262.73 | Corporate High Grade | Telephones | France | 0.88% | Baa1 | 02/03/2027 | 5.75 |
| Credit Agricole | 0.02% | 0.00% | $1,290,574.53 | Corporate High Grade | Banking | France | 0.88% | Baa1 | 01/14/2032 | 10.55 |
| mo Fisher Scientific | 0.02% | 0.00% | $1,262,460.27 | Corporate High Grade | Healthcare | United States | 2.38% | Baa1 | 04/15/2032 | 9.93 |
| Landsbankinn HF | 0.02% | 0.00% | $1,249,097.80 | Corporate High Grade | Banking | Iceland | 1.00% | NR | 05/30/2023 | 2.37 |
| Constellium | 0.02% | 0.00% | $1,195,561.46 | Corporate High Yield | HY Metals & Mining | United States | 4.25% | B2 | 02/15/2026 | 0.86 |
| Adevinta | 0.02% | N/A | $995,921.49 | Corporate High Yield | Hy-Advertising | France | 3.00% | Ba3 | 11/15/2027 | 3.92 |
| Acwa Power Management & Investments One | 0.02% | 0.00% | $979,074.86 | Corporate Securities | Energy | United Arab Emirates | 5.95% | Baa3 | 12/15/2039 | 7.38 |
| Trivium Packaging Finance BV | 0.02% | 0.00% | $903,510.02 | Corporate High Yield | HY-Container | Netherlands | 3.75% | B2 | 08/15/2026 | 2.65 |
| Jerrold Finco | 0.01% | 0.00% | $800,098.30 | Corporate High Yield | Hy - Financial | United Kingdom | 4.88% | NR | 01/15/2026 | 3.40 |
| Goldman Sachs | 0.01% | 0.00% | $655,467.06 | Corporate High Grade | Banking | United States | 5.50% | Baa2 | 10/12/2021 | 0.78 |
| OmGrid Funding | 0.01% | N/A | $631,079.83 | Corporate High Grade | Electric Utilities | Oman | 5.20% | Ba3 | 05/16/2027 | 5.42 |
| Altice France SA/France | 0.01% | 0.00% | $613,886.92 | Corporate High Yield | HY-Cable Operators | France | 3.38% | B2 | 01/15/2028 | 4.17 |
| Bnp Paribas | 0.01% | 0.00% | $547,125.08 | Corporate High Grade | Banking | France | 5.75% | Baa2 | 01/24/2022 | 1.01 |
| Cyprus Government International Bond | 0.01% | 0.00% | $531,234.91 | Government | Foreign Govt & Muni (Excl Canadian) | Cyprus | 1.25% | Ba2 | 01/21/2040 | 17.14 |
| Unicredit Bank Austria | 0.01% | 0.00% | $496,272.19 | Mortgage Backed Securities | Non - Government Mortgages | Austria | 1.38% | Aaa | 05/26/2021 | 0.40 |
| Severn Trent Utilities Finance | 0.01% | 0.00% | $345,172.68 | Corporate High Grade | Utilities | United Kingdom | 6.13% | NR | 02/26/2024 | 2.85 |
| Singapore Government Bond | 0.00% | 0.00% | $197,776.80 | Government | Foreign Govt & Muni (Excl Canadian) | Singapore | 2.25% | NR | 06/01/2021 | 0.41 |
| Cooperatieve Rabobank UA | 0.00% | 0.00% | $173,107.29 | Corporate High Grade | Banking | Netherlands | 4.63% | Baa1 | 05/23/2029 | 7.11 |
| Telefonica Emisiones | 0.00% | 0.00% | $126,984.94 | Corporate High Grade | Wireline Communications | Spain | 3.96% | Baa3 | 03/26/2021 | 0.23 |
| Eastern Power Networks | 0.00% | 0.00% | $102,733.37 | Corporate High Grade | Utilities | United Kingdom | 5.75% | Baa1 | 03/08/2024 | 2.89 |
| Argentine Republic Government International Bond | 0.00% | -0.00% | $96,890.91 | Government | Foreign Govt & Muni (Excl Canadian) | Argentina | 1.00% | NR | 07/09/2029 | 7.46 |
| Telefonica Emisiones | 0.00% | 0.00% | $75,041.07 | Corporate High Grade | Wireline Communications | Spain | 5.29% | Baa3 | 12/09/2022 | 1.89 |
| HSBC Bank | 0.00% | 0.00% | $28,893.06 | Corporate High Grade | Banking | United Kingdom | 6.50% | Baa1 | 07/07/2023 | 2.34 |
Numbers may not total due to rounding; all numbers are percentages.
Please note that holdings are released 15 days after the period end. From time to time, certain securities held may not be listed. This is done to prevent potential harm to the portfolio while the manager completes a buying or selling program in those securities.
The information shown does not reflect any ETFs that may be held in the portfolio.
Credit Quality (12/31/2020)
| Quality Rating | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| AAA | 10.13% | 16.43% | |
| AA | 6.66% | 21.42% | |
| A | 28.46% | 29.12% | |
| BBB | 22.05% | 15.49% | |
| Below Investment Grade | 13.28% | 0.14% | |
| NOT RATED | 16.30% | 17.41% | |
| RESERVES | 3.12% | 0.00% |
Benchmark: Bloomberg Barclays Global Agg ex USD - USD Hdg Index
Sources: Moody's Investors Service; if Moody's does not rate a security, then Standard & Poor's (S&P) is used as a secondary source. When available, T. Rowe Price will use Fitch for securities that are not rated by Moodys or S&P. T. Rowe Price does not evaluate these ratings, but simply assigns them to the appropriate credit quality category as determined by the rating agency.
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
Bond Maturity (12/31/2020)
| Bond Maturity | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| 10+ Years | 28.75% | 30.29% | |
| 5-7 Years | 18.89% | 13.63% | |
| 3-5 Years | 18.67% | 18.55% | |
| 1-3 Years | 16.84% | 21.22% | |
| 7-10 Years | 15.25% | 16.32% | |
| Cash Equivalents | 3.14% | 0.00% | |
| 0-1 Years | -1.53% | 0.00% |
Benchmark: Bloomberg Barclays Global Agg ex USD - USD Hdg Index
Numbers may not total due to rounding; all numbers are percentages.
Duration Analysis (12/31/2020)
| Duration | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Over 10 Years | 24.46% | 26.84% | |
| 3-5 Years | 19.71% | 19.68% | |
| 1-3 Years | 18.11% | 22.05% | |
| 5-7 Years | 16.70% | 14.69% | |
| 7-10 Years | 14.57% | 16.53% | |
| Under 1 Year | 3.34% | 0.20% | |
| Cash Equivalents | 3.12% | 0.00% |
Benchmark: Bloomberg Barclays Global Agg ex USD - USD Hdg Index
Duration is a measure of a bond fund's sensitivity to interest rate changes. Numbers may not total 100% due to rounding.
Sector Diversification (12/31/2020)
| Sector | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Sub Investment Grade | 6.72% | 0.00% | |
| Corporate | 15.22% | 11.08% | |
| Cash Equivalents | 3.12% | 0.00% | |
| Government | 72.32% | 72.09% | |
| Collateralised | 0.45% | 3.76% | |
| Agency/Supranationals | 2.18% | 13.07% |
Benchmark: Bloomberg Barclays Global Agg ex USD - USD Hdg Index
Source: T. Rowe Price
T. Rowe Price uses a custom structure for industry and sector reporting for this product.
Country Diversification (12/31/2020)
| Country | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| United States | 6.25% | 1.99% | |
| Chile | 3.45% | 0.12% | |
| Cyprus | 3.34% | 0.04% | |
| Ireland | 3.34% | 0.54% | |
| India | 2.70% | 0.00% | |
| Malaysia | 3.19% | 0.51% | |
| Slovenia | 2.61% | 0.11% | |
| Israel | 2.73% | 0.27% | |
| Indonesia | 2.57% | 0.64% | |
| Romania | 1.94% | 0.24% | |
| Latvia | 1.42% | 0.03% | |
| Mexico | 1.89% | 0.57% | |
| South Africa | 1.15% | 0.01% | |
| Serbia | 1.02% | 0.00% | |
| Iceland | 0.85% | 0.01% | |
| Brazil | 0.78% | 0.00% | |
| Singapore | 1.08% | 0.35% | |
| Thailand | 0.75% | 0.55% | |
| China | 10.97% | 10.98% | |
| Sweden | 0.99% | 1.05% | |
| Austria | 0.88% | 1.14% | |
| Australia | 2.10% | 2.57% | |
| Netherlands | 1.05% | 2.12% | |
| United Kingdom | 6.82% | 8.21% | |
| Spain | 2.44% | 4.22% | |
| Canada | 2.86% | 4.89% | |
| Italy | 2.73% | 5.89% | |
| Germany | 4.21% | 8.15% | |
| France | 2.77% | 9.42% | |
| Japan | 12.62% | 23.77% |
Benchmark: Bloomberg Barclays Global Agg ex USD - USD Hdg Index
A maximum of the 30 largest countries by portfolio rank are displayed and shown in descending order by relative over/underweight.
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
Region Diversification (12/31/2020)
| Region | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Latin America | 7.47% | 1.00% | |
| Pacific Ex Japan | 23.50% | 17.94% | |
| Middle East & Africa | 4.46% | 0.31% | |
| North America | 9.11% | 6.88% | |
| Multi - Region | 0.71% | 2.53% | |
| Europe | 39.01% | 47.57% | |
| Japan | 12.62% | 23.77% |
Benchmark: Bloomberg Barclays Global Agg ex USD - USD Hdg Index
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
Currency Diversification (12/31/2020)
| Currency | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| U.S. dollar | 97.30% | 0.00% | |
| Mexican peso | 0.53% | 0.47% | |
| Canadian dollar | 0.02% | 4.67% | |
| New Zealand dollar | 0.00% | 0.26% | |
| Australian dollar | -2.02% | 2.52% | |
| Dollar Bloc | 95.83% | 7.92% |
Benchmark: Bloomberg Barclays Global Agg ex USD - USD Hdg Index
| Currency | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Czech koruna | 1.60% | 0.19% | |
| British pound sterling | 1.07% | 8.63% | |
| Swedish krona | 0.01% | 0.77% | |
| Norwegian krone | 0.00% | 0.16% | |
| Danish krone | 0.00% | 0.34% | |
| Hungarian forint | 0.00% | 0.14% | |
| Swiss franc | 0.00% | 0.89% | |
| Polish zloty | -0.05% | 0.32% | |
| euro | -1.82% | 41.03% | |
| European Bloc | 0.82% | 52.46% |
Benchmark: Bloomberg Barclays Global Agg ex USD - USD Hdg Index
| Currency | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Japanese yen | 2.00% | 23.75% | |
| Malaysian ringgit | 1.21% | 0.50% | |
| Singapore dollar | 0.02% | 0.32% | |
| Thai baht | 0.00% | 0.55% | |
| Hong Kong dollar | 0.00% | 0.03% | |
| Korean won | -0.03% | 1.97% | |
| New Taiwan dollar | -0.53% | 0.00% | |
| Far East Bloc | 2.67% | 27.13% |
Benchmark: Bloomberg Barclays Global Agg ex USD - USD Hdg Index
| Currency | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Chinese renminbi | 10.20% | 10.86% | |
| Russian ruble | 1.23% | 0.27% | |
| Indonesian rupiah | 0.50% | 0.60% | |
| Chilean peso | 0.38% | 0.09% | |
| Serbia dinar | 0.03% | 0.00% | |
| Brazilian real | 0.03% | 0.00% | |
| South African rand | 0.02% | 0.00% | |
| Indian rupee | 0.01% | 0.00% | |
| Israeli shekel | 0.01% | 0.24% | |
| Colombian peso | 0.00% | 0.19% | |
| New Romanian leu | 0.00% | 0.12% | |
| Peruvian nuevo sol | 0.00% | 0.11% | |
| Offshore Chinese renminbi | -11.74% | 0.00% | |
| Emerging Markets Bloc | 0.67% | 12.48% |
Benchmark: Bloomberg Barclays Global Agg ex USD - USD Hdg Index
Currency Bloc breakdown source: T. Rowe Price
Numbers may not total 100% due to rounding.
Numbers may not total 100% due to rounding.
Numbers may not total 100% due to rounding.
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
Platforms (Investor Class)
| Platform | Retail Investor | Institutional Investor |
|---|---|---|
| Pershing | N/A | NTF |
| TD Ameritrade | NTF | NTF |
| Schwab | NTF | NTF |
| Fidelity | NTF | NTF |
| E*Trade | NTF | N/A |
- NTF No Transaction Fee
- TF Transaction Fee
- N/A Not Available
Calendar Year Performance
| 2017 | 2018 | 2019 | 2020 | ||
|---|---|---|---|---|---|
| 1.24% | 1.56% | 9.01% | 5.59% | Fund | |
| 2.48% | 3.17% | 7.57% | 3.94% | Benchmark | |
| -1.24% | -1.61% | 1.44% | 1.65% | Value added |
- Fund
- Benchmark
Investor Class Inception Date: 09/12/2017
Benchmark: Bloomberg Barclays Global Agg ex USD - USD Hdg Index
Monthly Performance
- Fund
- Benchmark
Investor Class Inception Date: 09/12/2017
Benchmark: Bloomberg Barclays Global Agg ex USD - USD Hdg Index
Distributions (Investor Class)
| Period | Dividend From Net Income (USD) | Short-Term Capital Gains (USD) | Long-Term Capital Gains (USD) | Declaration/Record Date | Ex-Dividend Date | Payment Date | Sort Column |
|---|---|---|---|---|---|---|---|
| 2020 Year End | - | - | $0.04 | 12/15/2020 | 12/16/2020 | 12/17/2020 | 20201217 |
| 2019 Year End | - | $0.135 | - | 12/16/2019 | 12/17/2019 | 12/18/2019 | 20191218 |
| 2018 Year End | - | $0.60 | $0.006 | 12/14/2018 | 12/17/2018 | 12/18/2018 | 20181218 |
| 2017 Year End | - | $0.033 | - | 12/15/2017 | 12/18/2017 | 12/19/2017 | 20171219 |
Future Declarations
| Period | Declaration/Record Date | Ex-Dividend Date | Payment Date | Sort Column |
|---|---|---|---|---|
| 2020 Year End | 12/15/2020 | 12/16/2020 | 12/17/2020 | 20201217 |
Financial Professionals
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Tel: 1-800-564-6958
Contact Advisor Services
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.
Kenneth Orchard is a senior portfolio manager in the Fixed Income Division and a member of the Global Fixed Income Investment team. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe ...
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 ma...