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PREMX T. Rowe Price Emerging Markets Bond

  • Fund
  • PREMX
  • Price as of: Dec 09, 2016
  • $12.19
  • - $0.02
  • - 0.16%
  • Category
  • Emerging Markets Bonds

PREMX - Profile

Vitals

  • YTD Return 6.7%
  • 3 Yr Annualized Return 5.5%
  • 5 Yr Annualized Return 5.4%
  • Net Assets $6.06 B
  • Holdings in Top 10 18.0%

52 WEEK LOW AND HIGH

$12.19
$11.00
$12.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.93%

SALES FEES

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

BROKERAGE FEES

  • Turnover 61.50%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Emerging Markets Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 6.13%
DIVIDENDS
  • Dividend Yield 0.8%
  • 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 J. Conelius

Fund Description

The T. Rowe Price Emerging Markets Bond Fund (PREMX) is a low-cost, actively managed fund designed to provide a high total return from income and capital appreciation. The fund invests in U.S. dollar-denominated bonds issued by emerging-market nations and corporations. PREMX engages in credit research to find the best opportunities for both yield and rising prices.

PREMX makes an ideal choice for investors looking to spice up their fixed-income portfolios. The fund is managed by T. Rowe Price.

PREMX - Performance

Return Ranking - Trailing

Period PREMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.7% -16.1% 233.8% 26.82% 2
1 Yr 9.7% -22.3% 26.8% 8.45% 1
3 Yr 5.5% * -8.6% 6.9% 4.38% 1
5 Yr 5.4% * -4.1% 8.7% 9.52% 1
10 Yr 6.1% * 0.8% 8.4% 38.57% 2

* Annualized


Return Ranking - Calendar

Period PREMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.5% -26.3% 1.7% 24.22% 2
2014 -3.1% -16.1% 4.7% 27.30% 2
2013 -12.2% -24.6% 21.6% 44.93% 3
2012 11.6% -0.8% 19.3% 37.21% 3
2011 -4.1% -23.5% 1.4% 41.35% 3

Total Return Ranking - Trailing

Period PREMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.7% -16.1% 240.1% 41.11% 3
1 Yr 9.7% -25.4% 26.8% 7.00% 1
3 Yr 5.5% * -9.2% 6.9% 4.01% 1
5 Yr 5.4% * -4.5% 8.4% 7.41% 1
10 Yr 6.1% * 0.8% 8.2% 34.29% 2

* Annualized


Total Return Ranking - Calendar

Period PREMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.5% -26.3% 8.1% 44.92% 3
2014 -2.5% -14.7% 9.5% 48.12% 3
2013 -12.1% -24.6% 32.1% 71.37% 4
2012 13.1% 0.0% 40.8% 60.47% 4
2011 -3.4% -28.1% 13.5% 52.88% 3

NAV & Total Return History

PREMX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

PREMX Category Low Category High PREMX % Rank Quintile
Net Assets 6.06 B 2.37 M 6.06 B 0.29% 1
Number of Holdings 451 2 953 3.78% 1
Net Assets in Top 10 1.1 B -1.51 M 1.11 B 0.58% 1
Weighting of Top 10 18.0% 0.0% 267.8% 24.42% 4

Top 10 Holdings

  1. Petroleos De Venezuela Sa 5.25% 2.69%
  2. Petroleos Mexicanos 6.5% 2.60%
  3. Petroleos De Venezuela Sa 8.5% 1.97%
  4. Pt Pertamina Persero 5.625% 1.92%
  5. Eskom Hldg Soc 7.125% 1.66%
  6. Brazil Federative Rep 10% 1.60%
  7. Serbia Rep 7.25% 1.56%
  8. Serbia Rep 4.875% 1.39%
  9. Brazil Federative Rep 4.25% 1.36%
  10. Russia Fedn Ministry Fin 4.875% 1.24%

Asset Allocation

Weighting Category Low Category High PREMX % Rank Quintile
Bonds
97.61% 0.00% 127.97% 7.27% 1
Cash
1.34% -67.15% 100.00% 23.84% 4
Other
0.75% -3.01% 11.31% 13.95% 3
Convertible Bonds
0.30% 0.00% 2.08% 2.03% 1
Preferred Stocks
0.00% 0.00% 1.40% 1.74% 2
Stocks
0.00% -3.12% 100.07% 4.65% 2

Bond Sector Breakdown

Weighting Category Low Category High PREMX % Rank Quintile
Government
64.33% 0.00% 95.25% 12.79% 2
Corporate
31.97% 0.00% 97.79% 13.66% 3
Cash & Equivalents
1.35% -44.82% 100.00% 23.84% 4
Municipal
0.69% 0.00% 3.92% 4.36% 1
Securitized
0.58% 0.00% 31.45% 6.40% 1
Derivative
-0.03% -23.52% 25.06% 6.40% 4

Bond Geographic Breakdown

Weighting Category Low Category High PREMX % Rank Quintile
Non US
96.22% 0.00% 176.02% 10.47% 2
US
1.39% -91.79% 63.60% 9.30% 2

PREMX - Expenses

Operational Fees

PREMX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.93% 0.29% 35.56% 50.29% 1
Management Fee 0.74% 0.28% 1.30% 6.40% 2
12b-1 Fee 0.00% 0.00% 1.00% 5.61% 1
Administrative Fee 0.15% 0.01% 0.60% 6.13% 4

Sales Fees

PREMX Fees (% of AUM) Category Low Category High PREMX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

PREMX Fees (% of AUM) Category Low Category High PREMX Rank Quintile
Max Redemption Fee 2.00% 0.75% 2.00% 1.00% 2

Turnover 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 Low Category High PREMX Rank Quintile
Turnover 61.50% 15.00% 605.00% 16.62% 3

PREMX - Distributions

Dividend Yield Analysis

PREMX Category Low Category High PREMX % Rank Quintile
Dividend Yield 0.8% 0.00% 3.24% 3.32% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PREMX Category Low Category High PREMX % Rank Quintile
Net Income Ratio 6.13% -0.29% 8.90% 12.21% 1

Capital Gain Distribution Analysis

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

PREMX - Managers

Michael J. Conelius

Lead Manager

Start Date

Dec 30, 1994

Tenure

21.93

Tenure Rank

0.1%

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.


Tenure Analysis

Category Low

0.1

Category High

21.9

Category Average

3.86

Category Mode

1.9