T. Rowe Price International Bond Fund (RPIBX)
The investment seeks to provide current income and capital appreciation. Normally, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in foreign bonds. It may invest up to 25% of its total assets in "junk" bonds that have received a below investment-grade rating (i.e., BB or equivalent, or lower) from each of the rating agencies that has assigned a rating to the bond (or, if unrated, deemed by T. Rowe Price to be below investment-grade quality), including those in default or with the lowest rating.
Fund Info
US77956H1041
77956H104
Sep 9, 1986
$2,500
Expense Ratio
RPIBX features an expense ratio of 0.67%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price International 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 International Bond Fund had a return of 1.77% year-to-date (YTD) and 0.46% in the last 12 months. Over the past 10 years, T. Rowe Price International Bond Fund had an annualized return of -0.47%, while the S&P 500 had an annualized return of 11.26%, indicating that T. Rowe Price International Bond Fund did not perform as well as the benchmark.
RPIBX
1.77%
1.47%
-3.54%
0.46%
-3.02%
-0.47%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of RPIBX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.29% | 1.77% | |||||||||||
| 2024 | -2.78% | -0.92% | 0.24% | -3.00% | 1.63% | -0.74% | 3.20% | 2.69% | 1.77% | -3.67% | -0.47% | -2.87% | -5.10% |
| 2023 | 3.24% | -3.87% | 3.47% | 0.35% | -2.38% | 0.46% | 1.50% | -2.29% | -3.25% | -0.80% | 6.09% | 4.94% | 7.10% |
| 2022 | -1.65% | -1.24% | -3.07% | -7.13% | 0.20% | -5.18% | 2.87% | -6.15% | -7.26% | -0.64% | 7.83% | 0.12% | -20.22% |
| 2021 | -0.85% | -1.85% | -2.70% | 2.04% | 1.27% | -2.18% | 1.28% | -0.54% | -2.44% | -0.54% | -0.87% | -0.39% | -7.62% |
| 2020 | 0.62% | -0.52% | -5.33% | 2.48% | 1.60% | 1.69% | 4.91% | 1.07% | -0.96% | 0.42% | 2.85% | 2.47% | 11.51% |
| 2019 | 2.18% | -0.73% | 0.53% | -0.26% | 0.88% | 3.00% | -0.75% | 1.59% | -1.31% | 1.19% | -1.38% | 1.65% | 6.68% |
| 2018 | 3.24% | -0.62% | 1.33% | -2.53% | -2.64% | -0.99% | 0.18% | -1.05% | -0.67% | -1.91% | 0.30% | 2.58% | -2.93% |
| 2017 | 1.97% | 0.25% | 0.61% | 1.53% | 2.09% | 0.23% | 2.49% | 0.89% | -1.10% | -0.77% | 1.80% | 0.27% | 10.67% |
| 2016 | 0.35% | 3.02% | 4.68% | 2.37% | -2.61% | 3.43% | 1.59% | -0.48% | 1.01% | -4.17% | -6.13% | -0.29% | 2.20% |
| 2015 | -1.07% | -0.53% | -1.81% | 2.36% | -2.89% | -0.29% | -0.53% | 0.04% | -0.32% | 0.79% | -2.34% | 0.88% | -5.69% |
| 2014 | 0.30% | 2.29% | 0.10% | 1.43% | 0.18% | 1.03% | -1.21% | 0.07% | -4.04% | -0.68% | -1.47% | -1.69% | -3.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RPIBX is 8, meaning it’s performing worse than 92% of other 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price International Bond Fund (RPIBX) 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 International Bond Fund provided a 2.93% dividend yield over the last twelve months, with an annual payout of $0.20 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.20 | $0.22 | $0.18 | $0.14 | $0.13 | $0.13 | $0.18 | $0.18 | $0.13 | $0.15 | $0.16 | $0.21 |
Dividend yield | 2.93% | 3.20% | 2.45% | 2.01% | 1.43% | 1.26% | 2.00% | 2.04% | 1.45% | 1.81% | 1.98% | 2.39% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price International 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2023 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2021 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2020 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.15 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.16 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.21 |
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 International 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 International Bond Fund was 33.77%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current T. Rowe Price International Bond Fund drawdown is 24.23%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.77% | Jan 6, 2021 | 452 | Oct 20, 2022 | — | — | — |
| -20.05% | Mar 18, 2008 | 242 | Mar 4, 2009 | 186 | Nov 25, 2009 | 428 |
| -20.01% | Jan 6, 1999 | 464 | Oct 25, 2000 | 535 | Dec 18, 2002 | 999 |
| -16.09% | Jan 4, 1988 | 378 | Jun 14, 1989 | 294 | Jul 31, 1990 | 672 |
| -15.33% | Aug 18, 2011 | 1063 | Nov 9, 2015 | 555 | Jan 24, 2018 | 1618 |
Volatility
Volatility Chart
The current T. Rowe Price International Bond Fund volatility is 1.82%, 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.