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Capital at risk. Past performance is not a guarantee or a reliable indicator of 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. 

Strategy

Investment Objective

The fund is actively managed and seeks opportunities across the global high-yield corporate bond market. The investment team uses proprietary fundamental research, security selection and portfolio construction to identify issuers offering attractive compensation for their risks. The strategy invests primarily in BB- and B-rated securities, with the flexibility to invest in lower-quality bonds where the team identifies compelling valuation opportunities.

Past performance is not a guarantee or a reliable indicator of future results.

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