T. Rowe Price Emerging Markets Corporate Bond Fund (TRECX)
Ticker Symbol:
TRECX
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 05/24/2012
Tax ID 45-4817809
Investment Objective
The fund's investment objective is to provide high current income and, secondarily, capital appreciation.
Strategy
Invests at least 80% of its net assets in bonds that are issued by companies that are located or listed in, or conduct the predominant part of their business activities in, emerging market countries. The fund may invest in unrated or below investment-grade bonds.
Risk/Reward Potential*
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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, Asia, Europe, Africa, and the Middle East. Access to these markets is important, because bonds from emerging nations can offer yields that are considerably higher than 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.
* Annually we evaluate the standard deviation of each US mutual fund listed and its resulting placement within specific risk/return categories.

Methodology: If a fund is at least 5 year old, it is generally placed in risk/return categories based on the standard deviation of its performance for the longest period of its calendar year returns; the longest time period used for analysis is 10 years (regardless of the fund's inception). If a fund is less than 5 years old, we generally use the fund's primary benchmark disclosed in its prospectus as a proxy and follow the same process of using 10-year standard deviation of the benchmark, or longest time period available. The firm at its sole discretion may show a fund in a higher risk category based on qualitative or other factors that may differ from this methodology.
See Glossary for additional details on all data elements.