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PREMX T. Rowe Price Emerging Markets Bond

  • Fund
  • PREMX
  • Price as of: Sep 17, 2019
  • $11.49 + $0.02 + 0.17%

PREMX - Profile

Vitals

  • YTD Return 4.4%
  • 3 Yr Annualized Return -3.0%
  • 5 Yr Annualized Return -2.1%
  • Net Assets $5.62 B
  • Holdings in Top 10 22.3%

52 WEEK LOW AND HIGH

$11.49
$10.85
$11.95

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

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

BROKERAGE FEES

  • Turnover 48.60%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 4.4%
  • 3 Yr Annualized Total Return -3.0%
  • 5 Yr Annualized Total Return -2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.69%
DIVIDENDS
  • Dividend Yield 2.6%
  • 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 (%)
YTD 4.4% -5.2% 62.2% 69.17%
1 Yr 2.6% -16.1% 14.1% 67.66%
3 Yr -3.0%* -8.6% 5.8% 95.07%
5 Yr -2.1%* -9.7% 22.0% 77.72%
10 Yr -0.8%* -5.6% 12.9% 79.37%

* Annualized


Return Ranking - Calendar

Period PREMX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.8% -53.1% 0.0% 79.93%
2017 1.7% -12.4% 15.4% 83.76%
2016 7.4% -11.7% 219.0% 13.27%
2015 -5.5% -20.0% 5.0% 34.36%
2014 -3.1% -22.4% 200.4% 68.48%

Total Return Ranking - Trailing

Period PREMX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -5.2% 62.2% 69.49%
1 Yr 2.6% -16.1% 14.1% 74.42%
3 Yr -3.0%* -5.2% 15.2% 98.77%
5 Yr -2.1%* -5.1% 30.7% 90.56%
10 Yr -0.8%* -5.6% 21.7% 86.24%

* Annualized


Total Return Ranking - Calendar

Period PREMX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.8% -53.1% 3.8% 89.53%
2017 1.7% -6.6% 21.6% 90.69%
2016 7.4% -10.4% 242.1% 28.32%
2015 -5.5% -18.5% 6.6% 50.24%
2014 -3.1% -22.2% 203.8% 79.33%

NAV & Total Return History

PREMX - Holdings

Concentration Analysis

PREMX Category Low Category High PREMX % Rank
Net Assets 5.62 B 1.06 M 14 B 7.42%
Number of Holdings 444 5 3539 28.55%
Net Assets in Top 10 1.27 B -144 M 12.5 B 9.84%
Weighting of Top 10 22.34% 5.9% 497.5% 70.16%

Top 10 Holdings

  1. Eskom Holdings SOC Limited 7.12% 3.23%

  2. Petrobras Global Finance B.V. 8.75% 3.21%

  3. Petroleos Mexicanos 6.5% 2.73%

  4. Argentina (Republic of) 7.5% 2.54%

  5. PT Pertamina (Persero) 5.62% 2.03%

  6. Perusahaan Penerbit SBSN Indonesia III 4.55% 2.02%

  7. Argentina (Republic of) 8.28% 1.95%

  8. Turkey (Republic of) 6% 1.63%

  9. Petroleos de Venezuela SA 9% 1.63%

  10. Mexico City Airport Trust 5.5% 1.37%


Asset Allocation

Weighting Return Low Return High PREMX % Rank
Bonds
95.52% 80.30% 616.21% 51.13%
Cash
3.59% -572.60% 20.62% 37.90%
Convertible Bonds
0.82% -0.81% 14.31% 27.10%
Stocks
0.07% -61.27% 103.48% 31.45%
Preferred Stocks
0.00% 0.00% 1.44% 38.23%
Other
0.00% -8.09% 58.27% 42.42%

Stock Sector Breakdown

Weighting Return Low Return High PREMX % Rank
Energy
0.07% -0.13% 5.85% 44.85%
Utilities
0.00% -0.05% 3.93% 46.65%
Technology
0.00% -1.10% 21.64% 47.68%
Real Estate
0.00% -0.04% 7.38% 46.91%
Industrials
0.00% -0.16% 27.15% 48.20%
Healthcare
0.00% -1.79% 13.58% 50.52%
Financial Services
0.00% -0.26% 16.51% 60.82%
Communication Services
0.00% -1.48% 3.26% 50.00%
Consumer Defense
0.00% -2.55% 7.76% 45.10%
Consumer Cyclical
0.00% -0.20% 23.34% 47.16%
Basic Materials
0.00% -0.67% 7.12% 55.93%

Stock Geographic Breakdown

Weighting Return Low Return High PREMX % Rank
US
0.07% -61.27% 103.48% 28.23%
Non US
0.00% -0.25% 35.92% 47.42%

Bond Sector Breakdown

Weighting Return Low Return High PREMX % Rank
Government
72.20% -15.01% 615.31% 39.68%
Corporate
23.97% 0.00% 225.50% 43.87%
Cash & Equivalents
3.59% -550.10% 49.97% 36.61%
Municipal
0.27% 0.00% 95.50% 5.81%
Securitized
0.00% 0.00% 89.51% 55.81%
Derivative
-0.09% -150.43% 98.44% 75.48%

Bond Geographic Breakdown

Weighting Return Low Return High PREMX % Rank
Non US
95.07% -17.29% 595.35% 23.06%
US
0.45% -74.01% 502.20% 80.32%

PREMX - Expenses

Operational Fees

PREMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.17% 290.47% 75.90%
Management Fee 0.74% 0.00% 2.50% 73.71%
12b-1 Fee 0.00% 0.00% 1.00% 4.52%
Administrative Fee 0.15% 0.00% 0.65% 68.12%

Sales Fees

PREMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.15% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PREMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.15% 2.00% 14.47%

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 Return Low Category Return High Rank in Category (%)
Turnover 48.60% 0.00% 748.00% 30.96%

PREMX - Distributions

Dividend Yield Analysis

PREMX Category Low Category High PREMX % Rank
Dividend Yield 2.62% 0.00% 7.65% 31.45%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PREMX Category Low Category High PREMX % Rank
Net Income Ratio 4.69% -1.65% 8.90% 20.33%

Capital Gain Distribution Analysis

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

PREMX - Managers

Michael J. Conelius

Manager

Start Date

Tenure

Tenure Rank

Dec 30, 1994

24.68

24.7%

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

0.0

Category High

27.45

Category Average

5.73

Category Mode

10.01