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 Snapshot
Quick Stats
Current NAV as of 01/18/2017 $10.27
NAV Change -$0.01
Daily YTD Return as of 01/18/2017 1.06%
NAV 12 Month Low-High $9.40 - $10.54
Net Assets as of 12/31/2016 $61.00 Million
Morningstar Ratings1
as of 11/30/2016
Overall
3 Year
5 Year N/A
10 Year N/A
Morningstar rated the Emerging Markets Corporate Bond Fund among 212, 212, N/A and N/A Emerging Markets Bond funds for the overall rating and the 3-, 5-, and 10-year periods (as applicable) ending 11/30/2016, respectively.

The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Performance Comparison
as of 12/31/2016
This chart shows the value of a hypothetical $10,000 investment in the fund over the past 10 years or since its inception (for funds lacking 10-year records). The result is compared with benchmarks, which may include a broad-based market index and a peer group average or index. Market indexes do not include expenses, which are deducted from fund returns as well as mutual fund averages and indexes.
1 The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Source for Morningstar data: © 2017 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.
Average Annual Total Returns and Benchmarks
as of 12/31/2016
Investment Objective
The fund's investment objective is to provide high current income and, secondarily, capital appreciation.
30-Day Yield2
Annualized Dividend as of (01/18/2017) 4.14%
SEC Standardized w/ Waiver as of (12/31/2016) 4.03%
SEC Standardized w/o Waiver as of (12/31/2016) 3.79%
Average Annual Total Returns3
  Month
End
12/31/2016
Quarter
End
12/31/2016
1 Year 11.27% 11.27%
3 Years 4.46% 4.46%
5 Years N/A N/A
10 Years N/A N/A
Since Inception 5.09% 5.09%
Inception Date May 24, 2012
Gross Expense Ratio^ 1.19%
Net Expense Ratio^ 1.15%
Waiver Type Contractual
Limitation Expires April 30, 2017
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, yield and return will vary and you may have a gain or loss when you sell your shares.
3 Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions. For funds less than one year old, the Since Inception return figure is not annualized and represents an aggregate total return.
The Emerging Markets Corporate Bond Fund charges a 2% redemption fee on shares held 90 days or less. The performance information shown does not reflect the deduction of the redemption fee; if it did, the performance would be lower.
2 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 as stated in the fee table of the fund's prospectus after the deduction of any waiver or reimbursement. If a fund has an active expense ratio limitation, the expiration date is shown in the table above. Expense ratios are based on the most recent fiscal year-end data available.