PREMX: T. Rowe Price Emerging Markets Bond

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PREMX T. Rowe Price Emerging Markets Bond


Profile

PREMX - Profile

Vitals

  • YTD Return -3.8%
  • 3 Yr Annualized Return -4.1%
  • 5 Yr Annualized Return -1.0%
  • Net Assets $5 B
  • Holdings in Top 10 20.0%

52 WEEK LOW AND HIGH

$11.19
$9.08
$11.98

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.90%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 42.90%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return -3.8%
  • 3 Yr Annualized Total Return -4.1%
  • 5 Yr Annualized Total Return -1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.24%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price Emerging Markets Bond Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Dec 30, 1994
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Conelius

Fund Description

The fund will normally invest at least 80% (and potentially all) of its net assets (including any borrowings for investment purposes) in debt securities of emerging market governments or companies located in emerging market countries. The fund's investments in debt securities typically consist of corporate and sovereign bonds. The advisor considers frontier markets to be a subset of emerging markets and any investments in frontier markets will be counted toward the fund's 80% investment policy. The fund is non-diversified.


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Fund Company Quick Screens

Performance

PREMX - Performance

Return Ranking - Trailing

Period PREMX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.8% -23.8% 19.4% 80.05%
1 Yr -5.1% -30.2% 20.0% 88.01%
3 Yr -4.1%* -22.2% 6.2% 88.00%
5 Yr -1.0%* -23.0% 20.3% 76.00%
10 Yr -1.7%* -15.0% 11.4% 82.66%

* Annualized

Return Ranking - Calendar

Period PREMX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% -21.7% 32.8% 62.88%
2018 -11.8% -35.5% 3.9% 76.06%
2017 1.7% -15.9% 20.0% 85.05%
2016 7.4% -12.3% 210.7% 15.29%
2015 -5.5% -71.0% 14.0% 37.62%

Total Return Ranking - Trailing

Period PREMX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.8% -23.8% 19.4% 80.05%
1 Yr -5.1% -30.2% 20.0% 88.01%
3 Yr -4.1%* -22.2% 7.8% 92.92%
5 Yr -1.0%* -23.0% 27.2% 83.82%
10 Yr -1.7%* -15.0% 13.9% 87.50%

* Annualized

Total Return Ranking - Calendar

Period PREMX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% -21.7% 32.8% 64.11%
2018 -11.8% -35.5% 3.9% 85.32%
2017 1.7% -15.9% 21.6% 90.68%
2016 7.4% -12.3% 233.7% 28.82%
2015 -5.5% -71.0% 22.6% 50.09%

NAV & Total Return History


Holdings

PREMX - Holdings

Concentration Analysis

PREMX Category Low Category High PREMX % Rank
Net Assets 5 B 963 K 13 B 6.49%
Number of Holdings 460 4 3903 31.25%
Net Assets in Top 10 992 M -1.28 B 61.2 B 10.11%
Weighting of Top 10 20.02% 5.6% 362.0% 65.24%

Top 10 Holdings

  1. Petroleos Mexicanos 6.5% 2.98%
  2. Perusahaan Penerbit SBSN Indonesia III 4.55% 2.61%
  3. PT Pertamina (Persero) 5.62% 2.46%
  4. Petrobras Global Finance B.V. 8.75% 2.29%
  5. Mexico City Airport Trust 5.5% 2.24%
  6. Ukraine (Republic of) 7.75% 2.07%
  7. Turkey (Republic of) 6% 1.39%
  8. Argentina (Republic of) 8.28% 1.34%
  9. Argentina (Republic of) 7.5% 1.33%
  10. Bahamas (Commonwealth of) 6% 1.32%

Asset Allocation

Weighting Return Low Return High PREMX % Rank
Bonds
95.59% 72.37% 7873.46% 47.28%
Cash
3.94% -7807.11% 27.29% 37.23%
Convertible Bonds
0.47% 0.00% 19.03% 48.80%
Stocks
0.00% -99.58% 103.62% 50.86%
Preferred Stocks
0.00% 0.00% 5.12% 21.01%
Other
0.00% -22.83% 100.54% 35.24%

Bond Sector Breakdown

Weighting Return Low Return High PREMX % Rank
Government
73.18% -0.16% 263.38% 17.42%
Corporate
22.88% 0.00% 92.04% 39.36%
Cash & Equivalents
3.94% -221.24% 46.44% 63.16%
Derivative
0.00% -0.67% 63.11% 59.04%
Securitized
0.00% 0.00% 90.58% 52.39%
Municipal
0.00% 0.00% 42.60% 27.39%

Bond Geographic Breakdown

Weighting Return Low Return High PREMX % Rank
Non US
95.32% -263.33% 569.75% 25.40%
US
0.27% -105.90% 7846.22% 75.27%

Expenses

PREMX - Expenses

Operational Fees

PREMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.01% 38.91% 75.50%
Management Fee 0.74% 0.00% 1.77% 68.44%
12b-1 Fee N/A 0.00% 1.00% 0.75%
Administrative Fee 0.15% 0.01% 0.50% 61.13%

Sales Fees

PREMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PREMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 32.56%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PREMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.90% 0.00% 479.00% 23.71%

Distributions

PREMX - Distributions

Dividend Yield Analysis

PREMX Category Low Category High PREMX % Rank
Dividend Yield 0.00% 0.00% 2.69% 14.97%

Dividend Distribution Analysis

PREMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

PREMX Category Low Category High PREMX % Rank
Net Income Ratio 5.24% -1.05% 11.37% 18.77%

Capital Gain Distribution Analysis

PREMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PREMX - Fund Manager Analysis

Managers

Michael Conelius


Start Date

Tenure

Tenure Rank

Dec 30, 1994

25.6

25.6%

Michael Conelius is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Conelius is lead manager of T. Rowe Price's Emerging Markets Bond and Emerging Markets Corporate Bond Strategies. He is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price International Ltd. Prior to joining the firm in 1988, he was a consultant for Booz Allen Hamilton. Mr. Conelius earned a B.S. in finance from Towson University and an M.S. in finance from Loyola University Maryland. Mr. Conelius has also earned the Chartered Financial Analyst designation.

Samy Muaddi


Start Date

Tenure

Tenure Rank

Jun 30, 2020

0.08

0.1%

Mr. Muaddi has been chairman of the committee since 2015. Mr. Muaddi joined T. Rowe Price in 2006 and his investment experience dates from that time. Throughout the past five years, he has served as a credit analyst and portfolio manager (beginning in 2015). The Statement of Additional Information provides additional information about the portfolio manager’s compensation, other accounts managed by the portfolio manager, and the portfolio manager’s ownership of the fund’s shares.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.36 5.99 10.92