TRDZX

About TRDZX

The T. Rowe Price Dynamic Global Bond Fund Z is an actively managed mutual fund focusing on a diverse portfolio of global fixed income securities. Designed to deliver high current income with the flexibility to respond to changing market conditions, the fund employs a dynamic approach that goes beyond traditional bond strategies. It invests broadly across sovereign, inflation-linked, and corporate bonds from both developed and emerging markets, often taking opportunistic positions in currencies and credit markets, including the use of short exposures. The fund is structured to provide consistent returns throughout fixed income market cycles and aims to preserve capital while maintaining a controlled risk profile. Notable features include a focus on downside risk management, particularly in rising interest rate environments, and a low correlation with riskier asset classes during market stress. The Z class is tailored for institutional investors and features a lower expense ratio. This fund plays a significant role for investors seeking diversified fixed income exposure, income generation, and risk mitigation within a global, actively managed framework.