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T. Rowe Price Emerging Markets Bond Fund (PREMX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

T. Rowe Price Emerging Markets Bond Fund (PREMX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

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 above-average management fees.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

T. Rowe Price Emerging Markets Bond Fund

Popular comparisons:
PREMX vs. RPIFX PREMX vs. TRBUX
Popular comparisons:
PREMX vs. RPIFX PREMX vs. TRBUX

Performance

Performance Chart

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S&P 500

Returns By Period

T. Rowe Price Emerging Markets Bond Fund (PREMX) returned 1.94% year-to-date (YTD) and 7.38% over the past 12 months. Over the past 10 years, PREMX returned 2.69% annually, underperforming the S&P 500 benchmark at 10.84%.

PREMX

YTD

1.94%

1M

0.44%

6M

0.94%

1Y

7.38%

3Y*

5.70%

5Y*

2.71%

10Y*

2.69%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.70%1.43%-1.02%-1.03%0.88%1.94%
2024-0.98%0.76%2.03%-1.62%1.63%0.43%1.80%2.03%1.83%-1.75%1.30%-1.29%6.21%
20233.73%-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%0.40%-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%2.87%1.17%0.37%0.38%1.14%-2.11%-0.35%-2.81%1.23%-2.44%
20201.81%-0.83%-16.76%1.43%6.30%3.78%3.89%1.63%-2.81%0.10%5.70%2.48%4.63%
20195.99%0.50%0.79%-0.33%0.23%3.45%0.25%-2.42%-0.30%0.51%-0.45%2.72%11.23%
20180.40%-1.86%0.58%-1.43%-2.35%-1.99%2.23%-3.16%2.71%-2.45%-1.13%1.19%-7.22%
20171.66%2.39%0.03%1.83%0.74%-0.48%0.49%1.81%0.56%0.06%-0.93%0.55%9.02%
2016-0.92%1.79%4.23%2.76%-0.13%3.73%2.25%1.73%1.04%-0.95%-3.67%2.19%14.69%
20150.28%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%-3.34%3.24%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 78, PREMX is among the top 22% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of PREMX is 7878
Overall Rank
The Sharpe Ratio Rank of PREMX is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of PREMX is 8383
Sortino Ratio Rank
The Omega Ratio Rank of PREMX is 8383
Omega Ratio Rank
The Calmar Ratio Rank of PREMX is 6262
Calmar Ratio Rank
The Martin Ratio Rank of PREMX is 8080
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

T. Rowe Price Emerging Markets Bond Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 1.32
  • 5-Year: 0.40
  • 10-Year: 0.37
  • All Time: 0.78

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of T. Rowe Price Emerging Markets Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

T. Rowe Price Emerging Markets Bond Fund provided a 5.95% dividend yield over the last twelve months, with an annual payout of $0.54 per share. The fund has been increasing its distributions for 2 consecutive years.

4.50%5.00%5.50%6.00%6.50%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.54$0.52$0.47$0.44$0.50$0.53$0.60$0.58$0.82$0.79$0.75$0.81

Dividend yield

5.95%5.68%5.11%5.22%4.64%4.55%5.14%5.29%6.55%6.45%6.58%6.66%

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.05$0.04$0.04$0.05$0.00$0.19
2024$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.05$0.04$0.04$0.05$0.05$0.52
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$0.09$0.82
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$0.14$0.81

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.

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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 43.22%, occurring on Aug 27, 1998. Recovery took 500 trading sessions.

The current T. Rowe Price Emerging Markets Bond Fund drawdown is 2.97%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-43.22%Oct 8, 1997232Aug 27, 1998500Aug 4, 2000732
-30.8%Sep 16, 2021278Oct 21, 2022———
-29.25%Jun 4, 2008100Oct 24, 2008193Aug 3, 2009293
-23.93%Feb 24, 202021Mar 23, 2020186Dec 15, 2020207
-14.45%Apr 15, 200274Jul 30, 2002140Feb 19, 2003214
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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