TRZFX

About TRZFX

T. Rowe Price Emerging Markets Local Currency Bond Fund Z Class is a mutual fund specializing in sourcing high income and capital appreciation through investments in bonds denominated in emerging markets currencies. Managed by T. Rowe Price, the fund typically allocates at least 80% of its net assets to bonds issued by governments, government agencies, and supranational organizations within developing economies, as well as derivatives linked to these securities. This strategy provides investors with exposure to both fixed-income returns and currency movements specific to emerging markets, allowing for diverse opportunities relative to more developed fixed-income markets. The fund emphasizes attractive combinations of bond yields and currency trends, utilizing hedging where currency risk is deemed unfavorable. With a non-diversified approach, it may include lower-rated bonds, even those in default, offering a comprehensive participation in the dynamic and often higher-yielding emerging markets debt sector. T. Rowe Price Emerging Markets Local Currency Bond Fund Z Class plays a significant role in portfolios seeking diversification, yield enhancement, and geographic exposure outside of developed markets fixed-income securities.