T. Rowe Price Emerging Markets Corporate Bond Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.9%
1 yr return
6.7%
3 Yr Avg Return
-1.8%
5 Yr Avg Return
1.4%
Net Assets
$293 M
Holdings in Top 10
12.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.79%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 69.30%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TECIX - Profile
Distributions
- YTD Total Return 0.9%
- 3 Yr Annualized Total Return -1.8%
- 5 Yr Annualized Total Return 1.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.63%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameT. Rowe Price Emerging Markets Corporate Bond Fund
-
Fund Family NameTROWEPRICE
-
Inception DateDec 17, 2015
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSamy Muaddi
Fund Description
The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in bonds that are issued by companies that are located or listed in, or conduct the predominant part of their business activities in, the emerging market countries of Latin America, Asia, Europe, Africa, and the Middle East. The fund 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 relies on a classification by either JP Morgan or the International Monetary Fund to determine which countries are emerging markets.
While it is expected that the securities held by the fund will primarily be U.S. dollar-denominated, the fund may also hold securities denominated in emerging market currencies and other non-U.S. currencies. The fund does not generally attempt to cushion the impact of non-U.S. currency fluctuations against the U.S. dollar. Although the fund expects to generally maintain an intermediate-term weighted average maturity, there are no maturity restrictions on the overall portfolio or on individual securities purchased by the fund.
Most of the fund’s investments are expected to be rated below investment grade (BB or lower, or an equivalent rating) by a major credit rating agency or by T. Rowe Price. However, the fund may purchase bonds of any credit quality and there are no overall limits on the fund’s holdings that are unrated or rated below investment grade. Investments in below investment-grade corporate bonds, also known as “junk” bonds, should be considered speculative.
The fund also uses interest rate futures in keeping with the fund’s objective.
TECIX - Performance
Return Ranking - Trailing
Period | TECIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -6.2% | 7.9% | 19.87% |
1 Yr | 6.7% | -7.9% | 20.2% | 56.95% |
3 Yr | -1.8%* | -14.5% | 4.1% | 37.46% |
5 Yr | 1.4%* | -9.1% | 6.2% | 22.43% |
10 Yr | N/A* | -6.0% | 4.9% | 2.49% |
* Annualized
Return Ranking - Calendar
Period | TECIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.4% | -10.6% | 17.8% | 80.79% |
2022 | -16.0% | -29.1% | -2.4% | 33.22% |
2021 | -5.1% | -24.0% | 2.7% | 15.09% |
2020 | 2.3% | -14.0% | 9.7% | 22.46% |
2019 | 7.9% | -6.4% | 13.0% | 61.40% |
Total Return Ranking - Trailing
Period | TECIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -6.2% | 7.9% | 19.87% |
1 Yr | 6.7% | -7.9% | 20.2% | 56.95% |
3 Yr | -1.8%* | -14.5% | 4.1% | 37.46% |
5 Yr | 1.4%* | -9.1% | 6.2% | 22.43% |
10 Yr | N/A* | -6.0% | 4.9% | 2.49% |
* Annualized
Total Return Ranking - Calendar
Period | TECIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.7% | -0.6% | 20.0% | 87.42% |
2022 | -12.2% | -27.6% | -1.7% | 40.75% |
2021 | -1.5% | -18.5% | 7.4% | 22.46% |
2020 | 7.0% | -7.8% | 18.0% | 25.00% |
2019 | 13.2% | -3.0% | 23.0% | 48.16% |
NAV & Total Return History
TECIX - Holdings
Concentration Analysis
TECIX | Category Low | Category High | TECIX % Rank | |
---|---|---|---|---|
Net Assets | 293 M | 565 K | 14.4 B | 50.83% |
Number of Holdings | 191 | 4 | 1888 | 65.68% |
Net Assets in Top 10 | 39.6 M | -134 M | 1.25 B | 51.82% |
Weighting of Top 10 | 12.42% | 5.1% | 101.4% | 85.33% |
Top 10 Holdings
- T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND 1.67%
- AES ANDES SA 1.52%
- PT TOWER BERSAMA INFRASTRUCTURE TBK 1.43%
- BANK NEGARA INDONESIA PERSERO TBK PT 1.22%
- AXIAN TELECOM 1.13%
- MEGLOBAL BV 1.13%
- SANDS CHINA LTD 1.13%
- KLABIN AUSTRIA GMBH 1.10%
- PETROLEOS MEXICANOS 1.06%
- ZHONGSHENG GROUP HOLDINGS LTD 1.02%
Asset Allocation
Weighting | Return Low | Return High | TECIX % Rank | |
---|---|---|---|---|
Bonds | 97.03% | 0.91% | 99.54% | 26.07% |
Convertible Bonds | 3.19% | 0.00% | 8.47% | 3.67% |
Cash | 2.91% | 0.00% | 21.93% | 68.65% |
Other | 0.06% | -9.56% | 88.17% | 49.83% |
Stocks | 0.00% | -0.01% | 93.55% | 46.86% |
Preferred Stocks | 0.00% | 0.00% | 1.28% | 22.11% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TECIX % Rank | |
---|---|---|---|---|
Corporate | 82.29% | 0.00% | 93.26% | 10.33% |
Government | 5.44% | 0.00% | 99.79% | 95.67% |
Cash & Equivalents | 1.67% | 0.00% | 23.23% | 56.11% |
Derivative | 0.06% | -1.03% | 7.35% | 36.63% |
Securitized | 0.00% | 0.00% | 2.41% | 26.00% |
Municipal | 0.00% | 0.00% | 0.00% | 17.00% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TECIX % Rank | |
---|---|---|---|---|
US | 94.19% | -42.31% | 99.01% | 18.48% |
Non US | 2.84% | 0.00% | 132.49% | 74.26% |
TECIX - Expenses
Operational Fees
TECIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.79% | 0.02% | 35.56% | 79.80% |
Management Fee | 0.70% | 0.00% | 1.10% | 48.18% |
12b-1 Fee | N/A | 0.00% | 1.00% | 9.73% |
Administrative Fee | N/A | 0.02% | 0.65% | N/A |
Sales Fees
TECIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
TECIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.75% | 2.00% | 39.53% |
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.
TECIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 69.30% | 0.00% | 218.00% | 65.40% |
TECIX - Distributions
Dividend Yield Analysis
TECIX | Category Low | Category High | TECIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 22.27% | 63.37% |
Dividend Distribution Analysis
TECIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
TECIX | Category Low | Category High | TECIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.63% | -2.28% | 8.00% | 72.97% |
Capital Gain Distribution Analysis
TECIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.043 | OrdinaryDividend |
Feb 29, 2024 | $0.038 | DailyAccrualFund |
Jan 31, 2024 | $0.040 | DailyAccrualFund |
Dec 29, 2023 | $0.041 | DailyAccrualFund |
Nov 30, 2023 | $0.037 | DailyAccrualFund |
Oct 31, 2023 | $0.036 | DailyAccrualFund |
Sep 29, 2023 | $0.040 | DailyAccrualFund |
Aug 31, 2023 | $0.039 | DailyAccrualFund |
Jul 31, 2023 | $0.036 | DailyAccrualFund |
Jun 30, 2023 | $0.039 | DailyAccrualFund |
May 31, 2023 | $0.038 | DailyAccrualFund |
Apr 28, 2023 | $0.034 | DailyAccrualFund |
Mar 31, 2023 | $0.035 | DailyAccrualFund |
Feb 28, 2023 | $0.035 | DailyAccrualFund |
Jan 31, 2023 | $0.036 | DailyAccrualFund |
Dec 30, 2022 | $0.039 | DailyAccrualFund |
Nov 30, 2022 | $0.036 | DailyAccrualFund |
Oct 31, 2022 | $0.034 | DailyAccrualFund |
Sep 30, 2022 | $0.035 | DailyAccrualFund |
Aug 31, 2022 | $0.033 | DailyAccrualFund |
Jul 29, 2022 | $0.033 | DailyAccrualFund |
Jun 30, 2022 | $0.034 | DailyAccrualFund |
May 31, 2022 | $0.031 | DailyAccrualFund |
Apr 29, 2022 | $0.027 | DailyAccrualFund |
Mar 31, 2022 | $0.036 | DailyAccrualFund |
Feb 28, 2022 | $0.031 | DailyAccrualFund |
Jan 31, 2022 | $0.032 | DailyAccrualFund |
Dec 31, 2021 | $0.037 | DailyAccrualFund |
Nov 30, 2021 | $0.033 | DailyAccrualFund |
Oct 29, 2021 | $0.034 | DailyAccrualFund |
Sep 30, 2021 | $0.033 | DailyAccrualFund |
Aug 31, 2021 | $0.031 | DailyAccrualFund |
Jul 30, 2021 | $0.034 | DailyAccrualFund |
Jun 30, 2021 | $0.032 | DailyAccrualFund |
May 28, 2021 | $0.031 | DailyAccrualFund |
Apr 30, 2021 | $0.035 | DailyAccrualFund |
Mar 31, 2021 | $0.034 | DailyAccrualFund |
Feb 26, 2021 | $0.031 | DailyAccrualFund |
Jan 29, 2021 | $0.033 | DailyAccrualFund |
Dec 31, 2020 | $0.042 | DailyAccrualFund |
Nov 30, 2020 | $0.036 | DailyAccrualFund |
Oct 30, 2020 | $0.039 | DailyAccrualFund |
Sep 30, 2020 | $0.037 | DailyAccrualFund |
Aug 31, 2020 | $0.037 | DailyAccrualFund |
Jul 31, 2020 | $0.043 | DailyAccrualFund |
Jun 30, 2020 | $0.039 | DailyAccrualFund |
May 29, 2020 | $0.043 | DailyAccrualFund |
Apr 30, 2020 | $0.042 | DailyAccrualFund |
Mar 31, 2020 | $0.039 | DailyAccrualFund |
Feb 28, 2020 | $0.035 | DailyAccrualFund |
Jan 31, 2020 | $0.040 | DailyAccrualFund |
Dec 31, 2019 | $0.040 | DailyAccrualFund |
Nov 29, 2019 | $0.040 | DailyAccrualFund |
Oct 31, 2019 | $0.039 | DailyAccrualFund |
Sep 30, 2019 | $0.036 | DailyAccrualFund |
Aug 30, 2019 | $0.044 | DailyAccrualFund |
Jul 31, 2019 | $0.043 | DailyAccrualFund |
Jun 28, 2019 | $0.039 | OrdinaryDividend |
May 31, 2019 | $0.046 | DailyAccrualFund |
Apr 30, 2019 | $0.045 | DailyAccrualFund |
Mar 29, 2019 | $0.046 | DailyAccrualFund |
Feb 28, 2019 | $0.043 | DailyAccrualFund |
Jan 31, 2019 | $0.044 | DailyAccrualFund |
Dec 31, 2018 | $0.044 | DailyAccrualFund |
Nov 30, 2018 | $0.046 | DailyAccrualFund |
Oct 31, 2018 | $0.043 | DailyAccrualFund |
Aug 31, 2018 | $0.045 | DailyAccrualFund |
Jul 31, 2018 | $0.040 | DailyAccrualFund |
Jun 29, 2018 | $0.041 | DailyAccrualFund |
May 31, 2018 | $0.041 | DailyAccrualFund |
Apr 30, 2018 | $0.037 | DailyAccrualFund |
Mar 29, 2018 | $0.040 | DailyAccrualFund |
Feb 28, 2018 | $0.038 | DailyAccrualFund |
Jan 31, 2018 | $0.036 | DailyAccrualFund |
Dec 29, 2017 | $0.040 | DailyAccrualFund |
Nov 30, 2017 | $0.039 | DailyAccrualFund |
Oct 31, 2017 | $0.038 | DailyAccrualFund |
Sep 29, 2017 | $0.041 | DailyAccrualFund |
Aug 31, 2017 | $0.038 | DailyAccrualFund |
Jul 31, 2017 | $0.036 | DailyAccrualFund |
Jun 30, 2017 | $0.040 | DailyAccrualFund |
May 31, 2017 | $0.039 | DailyAccrualFund |
Apr 28, 2017 | $0.037 | DailyAccrualFund |
Mar 31, 2017 | $0.040 | DailyAccrualFund |
Feb 28, 2017 | $0.039 | DailyAccrualFund |
Jan 31, 2017 | $0.036 | DailyAccrualFund |
Dec 30, 2016 | $0.039 | DailyAccrualFund |
Nov 30, 2016 | $0.037 | DailyAccrualFund |
Oct 31, 2016 | $0.035 | DailyAccrualFund |
Sep 30, 2016 | $0.039 | DailyAccrualFund |
Aug 31, 2016 | $0.038 | DailyAccrualFund |
Jul 29, 2016 | $0.039 | DailyAccrualFund |
Jun 30, 2016 | $0.040 | DailyAccrualFund |
May 31, 2016 | $0.042 | DailyAccrualFund |
Apr 29, 2016 | $0.043 | DailyAccrualFund |
Mar 31, 2016 | $0.044 | DailyAccrualFund |
Feb 29, 2016 | $0.043 | DailyAccrualFund |
Jan 29, 2016 | $0.037 | DailyAccrualFund |
Dec 31, 2015 | $0.022 | DailyAccrualFund |
TECIX - Fund Manager Analysis
Managers
Samy Muaddi
Start Date
Tenure
Tenure Rank
Oct 01, 2015
6.67
6.7%
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.
Siby Thomas
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Mr. Thomas joined T. Rowe Price in 2009 and his investment experience dates from that time. For the past five years, he has served as an associate portfolio manager and emerging markets credit analyst in the Fixed Income Division with the Firm.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 23.87 | 6.38 | 6.11 |