T. Rowe Price Emerging Markets Bond Fund (PREMX)

Diversify your portfolio with emerging market bonds

Let our investment specialists explain the role emerging markets bonds can play in your portfolio. Call 800-541-4644.

Ticker Symbol:
PREMX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Objective
Quick Stats
Fiscal Year End  December
Morningstar Category  Emerging Markets Bond
Inception Date 12/30/1994
Tax ID 52-1911315
Investment Objective
The fund's investment objective is to provide high income and capital appreciation.
Strategy
Invests at least 80% (and potentially all) of net assets in the government and corporate debt securities of emerging nations. The fund may invest in the lowest-rated bonds, including those in default.
Investor Profile
Those seeking high current income and capital appreciation, as well as greater diversification for their fixed-income investments who can accept the volatility and special risks inherent in international emerging markets investing, including currency fluctuations. Appropriate for both regular and tax-deferred accounts, such as IRAs.
Availability
All States
Risk/Reward Potential*
Click on the risk/reward spectrum below to view the funds in that category
Highest
Higher
Moderate
Lower
Lowest
This fund offers investors the potential for high current income and capital appreciation by investing primarily in high-yielding, high-risk bonds in emerging markets in Latin America, central Europe, and Asia. Access to these markets is important, because bonds from emerging nations can offer yields that are considerably above those provided by high-quality U.S. and foreign bonds, as well as higher capital appreciation potential.

This fund involves a high-risk approach to income from foreign bonds and its share price could fluctuate significantly. The fund is subject to the risks unique to international investing, including unfavorable changes in currency values. In addition, there are interest rate and credit risks normally associated with investing in bonds as well.
*Funds are placed in general risk/return categories based on their 10-year standard deviation (as of December 2014) or, for newer funds, the standard deviation of the types of securities in which they invest. There is no assurance past trends will continue.
See Glossary for additional details on all data elements.