T. Rowe Price Emerging Markets Bond Fund (PREMX)
The fund will normally invest at least 80% (and potentially all) of its net assets (including any borrowings for investment purposes) in debt securities of emerging market governments or companies located in emerging market countries. The fund's investments in debt securities typically consist of corporate and sovereign bonds. The advisor considers frontier markets to be a subset of emerging markets and any investments in frontier markets will be counted toward the fund's 80% investment policy.
Fund Info
| ISIN | US77956H8723 |
|---|---|
| CUSIP | 77956H872 |
| Issuer | T. Rowe Price |
| Inception Date | Dec 29, 1994 |
| Category | Emerging Markets Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
PREMX has a high expense ratio of 0.99%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PREMX vs. RPIFX, PREMX vs. TRBUX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Emerging Markets Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Emerging Markets Bond Fund had a return of 6.57% year-to-date (YTD) and 15.53% in the last 12 months. Over the past 10 years, T. Rowe Price Emerging Markets Bond Fund had an annualized return of 2.42%, while the S&P 500 had an annualized return of 11.41%, indicating that T. Rowe Price Emerging Markets Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.57% | 25.70% |
| 1 month | -0.59% | 3.51% |
| 6 months | 5.00% | 14.80% |
| 1 year | 15.53% | 37.91% |
| 5 years (annualized) | 0.94% | 14.18% |
| 10 years (annualized) | 2.42% | 11.41% |
Monthly Returns
The table below presents the monthly returns of PREMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.98% | 0.76% | 2.03% | -1.62% | 1.63% | 0.43% | 1.80% | 2.02% | 1.83% | -1.75% | 6.57% | ||
| 2023 | 3.73% | -2.46% | 0.38% | 0.54% | -0.70% | 2.74% | 1.71% | -1.14% | -2.80% | 0.59% | 5.52% | 4.83% | 13.29% |
| 2022 | -3.27% | -5.61% | 0.41% | -5.65% | -0.89% | -8.15% | 2.91% | -0.26% | -7.62% | 0.72% | 8.95% | 0.95% | -17.28% |
| 2021 | -1.09% | -2.08% | -1.03% | 2.88% | 1.17% | 0.37% | 0.38% | 1.14% | -2.11% | -0.35% | -2.81% | 1.23% | -2.44% |
| 2020 | 1.81% | -0.83% | -16.76% | 1.43% | 6.30% | 3.78% | 3.89% | 1.63% | -2.81% | 0.10% | 5.70% | 2.48% | 4.63% |
| 2019 | 5.99% | 0.50% | 0.79% | -0.33% | 0.23% | 3.45% | 0.26% | -2.42% | -0.30% | 0.51% | -0.45% | 2.72% | 11.23% |
| 2018 | 0.40% | -1.86% | 0.58% | -1.43% | -2.35% | -1.99% | 2.23% | -3.17% | 2.71% | -2.46% | -1.13% | 1.19% | -7.22% |
| 2017 | 1.66% | 2.39% | 0.03% | 1.83% | 0.74% | -0.47% | 0.49% | 1.81% | 0.56% | 0.06% | -0.93% | -0.18% | 8.23% |
| 2016 | -0.91% | 1.79% | 4.23% | 2.76% | -0.13% | 3.73% | 2.25% | 1.73% | 1.04% | -0.95% | -3.67% | 2.19% | 14.69% |
| 2015 | 0.28% | 1.54% | -0.47% | 2.70% | -0.63% | -1.78% | 0.19% | -1.19% | -1.59% | 3.51% | 0.44% | -2.17% | 0.65% |
| 2014 | -1.30% | 3.26% | 1.51% | 1.26% | 3.29% | 0.77% | -0.08% | 0.08% | -2.83% | 1.70% | -0.87% | -3.99% | 2.54% |
| 2013 | -0.89% | 0.07% | -0.57% | 2.46% | -3.69% | -5.11% | 0.53% | -2.83% | 2.57% | 2.36% | -2.73% | 0.56% | -7.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PREMX is 70, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Emerging Markets Bond Fund (PREMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Emerging Markets Bond Fund provided a 5.42% dividend yield over the last twelve months, with an annual payout of $0.50 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.50 | $0.47 | $0.44 | $0.50 | $0.53 | $0.60 | $0.58 | $0.78 | $0.79 | $0.75 | $0.73 | $0.71 |
Dividend yield | 5.42% | 5.11% | 5.22% | 4.64% | 4.55% | 5.14% | 5.29% | 6.29% | 6.45% | 6.58% | 6.00% | 5.68% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Emerging Markets Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.00 | $0.42 | |
| 2023 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2021 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
| 2020 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.53 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.60 |
| 2018 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.58 |
| 2017 | $0.06 | $0.07 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.78 |
| 2016 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.79 |
| 2015 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.05 | $0.07 | $0.75 |
| 2014 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.73 |
| 2013 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.71 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Emerging Markets Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Emerging Markets Bond Fund was 45.00%, occurring on Aug 27, 1998. Recovery took 605 trading sessions.
The current T. Rowe Price Emerging Markets Bond Fund drawdown is 4.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -45% | Oct 8, 1997 | 232 | Aug 27, 1998 | 605 | Jan 4, 2001 | 837 |
| -30.8% | Sep 16, 2021 | 278 | Oct 21, 2022 | — | — | — |
| -30.12% | Nov 1, 2007 | 247 | Oct 24, 2008 | 207 | Aug 21, 2009 | 454 |
| -23.93% | Feb 24, 2020 | 21 | Mar 23, 2020 | 186 | Dec 15, 2020 | 207 |
| -14.45% | Apr 15, 2002 | 74 | Jul 30, 2002 | 140 | Feb 19, 2003 | 214 |
Volatility
Volatility Chart
The current T. Rowe Price Emerging Markets Bond Fund volatility is 1.76%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.