T. Rowe Price Dynamic Global Bond Fund (RPIEX)
The investment seeks high current income. The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in bonds, and seeks to offer some protection against rising interest rates and provide a low correlation with the equity markets. It may invest in a variety of debt securities, including obligations issued by U.S. and foreign governments and their agencies, bonds issued by U.S. and foreign corporations, and mortgage- and asset-backed securities, as well as bank loans, which represent amounts borrowed by companies from banks and other lenders. The fund is non-diversified.
Fund Info
| ISIN | US77956H5752 |
|---|---|
| CUSIP | 77956H575 |
| Issuer | T. Rowe Price |
| Inception Date | Jan 21, 2015 |
| Category | Nontraditional Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
RPIEX features an expense ratio of 0.71%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: RPIEX vs. VIG, RPIEX vs. GIOIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Dynamic Global 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 Dynamic Global Bond Fund had a return of 3.99% year-to-date (YTD) and 2.97% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.99% | 19.62% |
| 1 month | 1.43% | -0.06% |
| 6 months | 1.96% | 12.66% |
| 1 year | 2.97% | 34.63% |
| 5 years (annualized) | 2.67% | 13.25% |
| 10 years (annualized) | N/A | 10.98% |
Monthly Returns
The table below presents the monthly returns of RPIEX, 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 | 0.42% | 0.03% | 0.22% | 1.70% | 0.07% | -0.59% | 0.29% | 0.56% | 0.08% | 3.99% | |||
| 2023 | -1.68% | 1.96% | 0.00% | -0.19% | -1.96% | -2.34% | -0.38% | -0.85% | 0.96% | 0.59% | -1.21% | 0.11% | -4.96% |
| 2022 | 1.10% | 0.03% | 1.82% | 1.70% | -0.76% | 1.71% | -2.94% | 2.30% | 1.58% | -2.82% | -1.28% | 1.39% | 3.71% |
| 2021 | 0.57% | 1.28% | 0.94% | 0.30% | 0.15% | -1.43% | -0.47% | -0.27% | 0.45% | -1.19% | -1.17% | 0.96% | 0.08% |
| 2020 | -1.54% | 1.50% | 3.12% | 1.33% | 1.16% | 0.12% | 1.85% | -0.14% | -0.79% | 0.13% | 0.47% | 1.93% | 9.43% |
| 2019 | -0.76% | -0.35% | 0.19% | -0.21% | 2.37% | -0.86% | -0.49% | -1.48% | -0.34% | 0.04% | -0.17% | 1.88% | -0.25% |
| 2018 | 0.63% | 0.71% | -0.70% | -0.06% | -1.09% | 0.24% | 0.42% | -1.15% | 0.65% | 0.50% | -0.31% | 1.11% | 0.92% |
| 2017 | 0.03% | -0.34% | -1.05% | -0.05% | -0.16% | -0.24% | 0.05% | 0.42% | 0.24% | -0.37% | -0.20% | -0.08% | -1.74% |
| 2016 | 0.56% | -0.38% | 1.17% | 0.20% | 0.16% | 0.78% | 1.21% | 0.28% | -0.47% | 0.59% | -0.69% | 1.14% | 4.63% |
| 2015 | -0.00% | 0.80% | -1.09% | 1.40% | 1.09% | 0.03% | 0.69% | 0.23% | -1.15% | 1.43% | 0.74% | -0.15% | 4.06% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RPIEX is 3, indicating that it is in the bottom 3% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Dynamic Global Bond Fund (RPIEX) 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 Dynamic Global Bond Fund provided a 4.44% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.32 | $1.36 | $0.36 | $0.19 | $0.24 | $0.42 | $0.08 | $0.27 | $0.52 |
Dividend yield | 4.44% | 4.16% | 15.99% | 3.76% | 1.93% | 2.65% | 4.39% | 0.77% | 2.72% | 5.21% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Dynamic Global 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 | $0.02 | $0.03 | $0.03 | $0.04 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.29 | ||
| 2023 | $0.02 | $0.02 | $0.03 | $0.04 | $0.03 | $0.04 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.32 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.01 | $0.03 | $1.15 | $1.36 |
| 2021 | $0.02 | $0.02 | $0.01 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.15 | $0.36 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.03 | $0.19 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.29 | $0.42 |
| 2017 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.08 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.18 | $0.27 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.02 | $0.43 | $0.52 |
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 Dynamic Global 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 Dynamic Global Bond Fund was 9.47%, occurring on Dec 6, 2023. The portfolio has not yet recovered.
The current T. Rowe Price Dynamic Global Bond Fund drawdown is 4.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.47% | Jun 15, 2022 | 372 | Dec 6, 2023 | — | — | — |
| -4.93% | May 19, 2021 | 141 | Dec 7, 2021 | 85 | Apr 8, 2022 | 226 |
| -4.14% | Jun 4, 2019 | 124 | Nov 26, 2019 | 82 | Mar 26, 2020 | 206 |
| -2.94% | Jan 17, 2017 | 411 | Aug 31, 2018 | 186 | May 31, 2019 | 597 |
| -1.72% | Aug 7, 2020 | 63 | Nov 4, 2020 | 18 | Dec 1, 2020 | 81 |
Volatility
Volatility Chart
The current T. Rowe Price Dynamic Global Bond Fund volatility is 0.96%, 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.