TNBMX: T. Rowe Price Intl Bd (USD Hdgd) I

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TNBMX T. Rowe Price Intl Bd (USD Hdgd) I


Profile

TNBMX - Profile

Vitals

  • YTD Return 1.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $6.55 B
  • Holdings in Top 10 22.1%

52 WEEK LOW AND HIGH

$10.10
$9.57
$10.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.53%

SALES FEES

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

BROKERAGE FEES

  • Turnover 22.50%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Bond-USD Hedged

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.86%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price International Bond Fund (USD Hedged) I Class
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Sep 12, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Arif Husain

Fund Description

Under normal conditions, the fund invests at least 80% of its net assets (including any borrowings for investment purposes) in non-U.S. dollar-denominated bonds. In addition, under normal market conditions the fund will maintain at least 80% of its net assets in U.S. dollar currency exposure. It normally purchases bonds issued in foreign currencies, which may include bonds issued in emerging markets currencies. The fund is non-diversified.


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Categories

Fund Company Quick Screens

TNBMX - Fund Company Quick Screens


Performance

TNBMX - Performance

Return Ranking - Trailing

Period TNBMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -1.6% 2.1% 41.86%
1 Yr 5.6% 0.5% 16.8% 59.04%
3 Yr N/A* -2.4% 9.0% N/A
5 Yr N/A* -4.2% 7.4% N/A
10 Yr N/A* -3.9% 6.2% N/A

* Annualized

Return Ranking - Calendar

Period TNBMX Return Category Return Low Category Return High Rank in Category (%)
2019 5.7% 0.1% 9.4% 50.60%
2018 -6.1% -15.9% 3.1% 44.44%
2017 N/A 0.1% 10.8% N/A
2016 N/A -1.7% 9.9% N/A
2015 N/A -21.1% -0.5% N/A

Total Return Ranking - Trailing

Period TNBMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -1.6% 2.1% 41.86%
1 Yr 5.6% 0.5% 16.8% 59.04%
3 Yr N/A* -2.4% 9.0% N/A
5 Yr N/A* -4.2% 6.6% N/A
10 Yr N/A* -3.7% 6.2% N/A

* Annualized

Total Return Ranking - Calendar

Period TNBMX Return Category Return Low Category Return High Rank in Category (%)
2019 5.7% 0.1% 9.4% 50.60%
2018 -6.1% -15.9% 3.1% 45.83%
2017 N/A 0.1% 12.8% N/A
2016 N/A -1.2% 12.7% N/A
2015 N/A -21.1% 7.1% N/A

NAV & Total Return History


Holdings

TNBMX - Holdings

Concentration Analysis

TNBMX Category Low Category High TNBMX % Rank
Net Assets 6.55 B 7.19 M 145 B 15.12%
Number of Holdings 346 4 6172 31.40%
Net Assets in Top 10 1.41 B 2.33 M 7.02 B 15.12%
Weighting of Top 10 22.06% 5.0% 2135.7% 73.26%

Top 10 Holdings

  1. France (Republic Of) 3.25% 3.40%
  2. Japan (Government Of) 1.2% 3.08%
  3. United Kingdom of Great Britain and Northern Ireland 4.25% 2.69%
  4. Japan (Government Of) 2.5% 2.26%
  5. The Republic of Korea 3% 2.18%
  6. Italy (Republic Of) 5.5% 1.93%
  7. Mexico (United Mexican States) 6.5% 1.72%
  8. Israel (State Of) 1.75% 1.61%
  9. Japan (Government Of) 1.4% 1.60%
  10. Japan (Government Of) 1.7% 1.59%

Asset Allocation

Weighting Return Low Return High TNBMX % Rank
Bonds
94.04% 81.68% 8846.85% 39.53%
Cash
5.97% -8884.21% 18.25% 54.65%
Stocks
0.00% 0.00% 101.23% 96.51%
Preferred Stocks
0.00% 0.00% 0.08% 96.51%
Other
0.00% -1.21% 42.34% 97.67%
Convertible Bonds
0.00% 0.00% 137.32% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High TNBMX % Rank
Government
77.49% 6.31% 79.70% 11.63%
Corporate
15.17% 0.00% 87.73% 55.81%
Cash & Equivalents
5.95% 0.33% 25.85% 56.98%
Securitized
1.38% 0.00% 6.27% 29.07%
Derivative
0.00% 0.00% 57.62% 96.51%
Municipal
0.00% 0.00% 0.22% 96.51%

Bond Geographic Breakdown

Weighting Return Low Return High TNBMX % Rank
Non US
89.62% 71.84% 8285.60% 34.88%
US
4.42% 0.00% 561.25% 65.12%

Expenses

TNBMX - Expenses

Operational Fees

TNBMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.01% 43.49% 92.41%
Management Fee 0.49% 0.00% 1.60% 24.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

TNBMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.50% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

TNBMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 2.00% 2.00% 100.00%

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.

TNBMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.50% 0.00% 129.00% 10.00%

Distributions

TNBMX - Distributions

Dividend Yield Analysis

TNBMX Category Low Category High TNBMX % Rank
Dividend Yield 0.50% 0.00% 2.68% 50.00%

Dividend Distribution Analysis

TNBMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

TNBMX Category Low Category High TNBMX % Rank
Net Income Ratio 1.86% 0.14% 6.75% 64.56%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TNBMX - Fund Manager Analysis

Managers

Arif Husain


Start Date

Tenure

Tenure Rank

Sep 12, 2017

2.3

2.3%

Arif Husain is head of International Fixed Income at T. Rowe Price and a member of the Global Fixed Income Investment Team. Mr. Husain is lead portfolio manager for the Global Aggregate and Global Unconstrained Bond Strategies and is co-portfolio manager for the firm's International Bond and Institutional International Bond Strategies. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd. Mr. Husain has 20 years of investment experience, two of which have been with T. Rowe Price. Prior to joining the firm in 2013, he spent 14 years as director of both European Fixed Income and Euro Portfolio Management at AllianceBernstein. He was also a member of the global fixed income and absolute return portfolio management teams. Mr. Husain previously worked as assistant director of European Derivatives Trading at Greenwich NatWest and also traded interest rate swaps at Bank of America National Trust & Savings Association. Mr. Husain received a B.Sc. (hons.) in banking and international finance from the City University, London Business School. He also has earned the Chartered Financial Analyst designation.

Kenneth Orchard


Start Date

Tenure

Tenure Rank

Sep 12, 2017

2.3

2.3%

Kenneth Orchard is a senior portfolio manager in the Fixed Income Division of T. Rowe Price and a member of the Global Fixed Income Investment Team. He is the portfolio manager for the Global Multi-Sector Bond and Diversified Income Bond Strategies and co-portfolio manager for the International Bond Strategies. Mr. Orchard earned a B.A. in international relations from the University of British Columbia and an M.Sc. in public financial policy from the London School of Economics. He has also earned the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.22 26.06 6.27 6.0