TEIMX: T. Rowe Price Emerging Markets Local Currency Bond Fund - MutualFunds.com

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T. Rowe Price Emerg Mkts Lcl Ccy Bd I

TEIMX - Snapshot

Vitals

  • YTD Return -8.3%
  • 3 Yr Annualized Return -0.3%
  • 5 Yr Annualized Return 4.9%
  • Net Assets $559 M
  • Holdings in Top 10 50.2%

52 WEEK LOW AND HIGH

$5.93
$5.06
$6.49

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.81%

SALES FEES

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

BROKERAGE FEES

  • Turnover 50.20%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging-Markets Local-Currency Bond

Compare TEIMX to Popular Emerging-Markets Local-Currency Bond

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$30.86

+0.13%

$3.04 B

6.98%

$2.15

-9.11%

0.36%

$6.44

+0.31%

$1.37 B

6.89%

$0.44

-10.68%

1.70%

$5.11

+0.20%

$1.17 B

10.95%

$0.56

-10.35%

1.22%

$26.39

+0.15%

$870.75 M

4.95%

$1.31

-5.34%

0.30%

$5.91

+0.34%

$559.23 M

5.68%

$0.33

-8.66%

1.92%

TEIMX - Profile

Distributions

  • YTD Total Return -8.3%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price Emerging Markets Local Currency Bond Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Dec 17, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrew Keirle

Fund Description

Under normal conditions, at least 80% of the fund's net assets (including any borrowings for investment purposes) will be invested in bonds that are denominated in emerging markets currencies, and in derivative instruments that provide investment exposure to such securities. It generally invests in securities where the combination of fixed-income returns and currency exchange rates appears attractive or, if the currency trend is unfavorable, where the managers believe the currency risk can be minimized through hedging. The fund is non-diversified.


TEIMX - Performance

Return Ranking - Trailing

Period TEIMX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.3% -14.4% 5.5% 33.33%
1 Yr -1.0% -6.6% 8.5% 19.44%
3 Yr -0.3%* -4.2% 3.3% 35.71%
5 Yr 4.9%* 0.9% 7.9% 11.59%
10 Yr N/A* -1.4% 2.0% N/A

* Annualized

Return Ranking - Calendar

Period TEIMX Return Category Return Low Category Return High Rank in Category (%)
2019 7.1% -4.3% 13.0% 82.61%
2018 -12.7% -16.9% 73.9% 58.21%
2017 9.3% -9.1% 14.2% 40.32%
2016 4.6% -9.2% 12.1% 47.54%
2015 N/A -21.5% -2.1% N/A

Total Return Ranking - Trailing

Period TEIMX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.3% -14.4% 5.2% 33.33%
1 Yr -1.0% -9.7% 8.5% 16.67%
3 Yr -0.3%* -5.0% 3.3% 32.86%
5 Yr 4.9%* 0.9% 7.9% 10.14%
10 Yr N/A* -1.4% 2.0% N/A

* Annualized

Total Return Ranking - Calendar

Period TEIMX Return Category Return Low Category Return High Rank in Category (%)
2019 7.1% -4.3% 13.0% 82.61%
2018 -12.7% -14.9% -1.4% 73.13%
2017 9.3% 3.4% 17.0% 66.13%
2016 4.6% -9.2% 12.9% 62.30%
2015 N/A -21.1% -2.1% N/A

NAV & Total Return History


TEIMX - Holdings

Concentration Analysis

TEIMX Category Low Category High TEIMX % Rank
Net Assets 559 M 3.29 M 3.04 B 15.28%
Number of Holdings 116 3 1334 79.17%
Net Assets in Top 10 216 M 630 K 1.19 B 13.89%
Weighting of Top 10 50.15% 4.7% 99.7% 12.50%

Top 10 Holdings

  1. Russian Federation 7.05% 9.44%
  2. Indonesia (Republic of) 10.5% 9.22%
  3. Thailand (Kingdom Of) 1.2% 5.02%
  4. Malaysia (Government Of) 4.181% 4.99%
  5. Secretaria Tesouro Nacional 10% 3.95%
  6. Romania (Republic Of) 4.75% 3.85%
  7. Ministerio de Hacienda y Credito Publico 7.75% 3.84%
  8. Hungary (Republic Of) 7% 3.60%
  9. Republic of South Africa 8% 3.39%
  10. China (People's Republic Of) 3.57% 2.85%

Asset Allocation

Weighting Return Low Return High TEIMX % Rank
Bonds
98.45% 0.00% 207.31% 16.67%
Cash
1.55% -113.83% 100.00% 81.94%
Stocks
0.00% 0.00% 6.23% 34.72%
Preferred Stocks
0.00% 0.00% 0.00% 18.06%
Other
0.00% -0.19% 0.29% 29.17%
Convertible Bonds
0.00% -0.04% 4.35% 27.78%

Bond Sector Breakdown

Weighting Return Low Return High TEIMX % Rank
Government
94.78% 0.00% 99.67% 5.56%
Corporate
3.59% 0.00% 55.00% 41.67%
Cash & Equivalents
1.55% 0.18% 100.00% 93.06%
Derivative
0.09% 0.00% 65.92% 73.61%
Securitized
0.00% 0.00% 1.75% 20.83%
Municipal
0.00% 0.00% 0.00% 18.06%

Bond Geographic Breakdown

Weighting Return Low Return High TEIMX % Rank
Non US
98.12% 0.00% 205.53% 25.00%
US
0.33% -112.14% 207.31% 37.50%

TEIMX - Expenses

Operational Fees

TEIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.30% 6.79% 91.55%
Management Fee 0.74% 0.27% 1.10% 31.94%
12b-1 Fee N/A 0.00% 1.00% 8.00%
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

TEIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

TEIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 33.33%

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.

TEIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.20% 0.00% 197.00% 25.71%

TEIMX - Distributions

Dividend Yield Analysis

TEIMX Category Low Category High TEIMX % Rank
Dividend Yield 0.00% 0.00% 5.97% 27.78%

Dividend Distribution Analysis

TEIMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Net Income Ratio Analysis

TEIMX Category Low Category High TEIMX % Rank
Net Income Ratio 5.90% 2.46% 8.13% 23.61%

Capital Gain Distribution Analysis

TEIMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

TEIMX - Fund Manager Analysis

Managers

Andrew Keirle


Start Date

Tenure

Tenure Rank

May 26, 2011

9.36

9.4%

Andrew Keirle is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd. He is a portfolio manager of the T. Rowe Price Emerging Markets Local Currency Bond Fund and chairman of the fund's Investment Advisory Committee. Before joining T. Rowe Price in 2005, he was a portfolio manager and analyst at Lazard Asset Management. Prior to joining Lazard, Andrew spent seven years as a global portfolio manager at Gulf International Bank in London. He is a qualified member of the Institute of Investment Management and Research, and he also holds a diploma from the Society of Technical Analysts. Andrew graduated from the University of Swansea at the University of Wales in 1996 with a B.Sc. in economics and politics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 12.68 6.14 9.05