PRXIX

About PRXIX

T. Rowe Price Emerging Markets Bond Fund I Class is an institutional mutual fund designed to offer investors exposure to the debt markets of emerging economies. Its primary objective is to provide a combination of high income and capital appreciation by allocating at least 80% of its assets to government or corporate bonds issued by emerging market nations. The fund often maintains an intermediate to long weighted average maturity, with holdings diversified across sovereign and corporate issuers. Notably, up to 20% of its assets may be invested in lower-rated, high-yield bonds, including those in default, reflecting a willingness to accept greater credit risk for potentially higher returns. PRXIX targets investors seeking income potential that significantly exceeds that of U.S. Treasuries or investment-grade bonds, compensating for the increased risk inherent in emerging debt markets. The fund is actively managed and benchmarks its performance against the J.P. Morgan EMBI Global Diversified Index, positioning itself as a specialized vehicle for institutions aiming to diversify fixed-income portfolios and capture growth opportunities in developing regions.