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
US77956H5752
77956H575
Jan 21, 2015
$2,500
Expense Ratio
RPIEX has an expense ratio of 0.71%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
T. Rowe Price Dynamic Global Bond Fund (RPIEX) returned 1.60% year-to-date (YTD) and 5.13% over the past 12 months. Over the past 10 years, RPIEX returned -0.10% annually, underperforming the S&P 500 benchmark at 10.45%.
RPIEX
1.60%
1.03%
2.31%
5.13%
-0.67%
-0.10%
^GSPC (Benchmark)
-3.77%
3.72%
-5.60%
8.55%
14.11%
10.45%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.67% | 0.95% | -0.02% | -1.02% | 1.03% | 1.60% | |||||||
| 2024 | 0.41% | 0.03% | 0.22% | 1.69% | 0.07% | -0.59% | 0.29% | 0.56% | 0.07% | 1.56% | 0.01% | 0.95% | 5.39% |
| 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% | -10.23% | -8.18% |
| 2021 | 0.57% | 1.28% | 0.94% | 0.30% | 0.15% | -1.43% | -0.47% | -0.27% | 0.46% | -1.19% | -1.17% | -0.36% | -1.23% |
| 2020 | -1.54% | 1.50% | 3.12% | 1.33% | 1.16% | 0.12% | 1.84% | -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% | -1.16% | 0.65% | 0.50% | -0.30% | -0.69% | -0.88% |
| 2017 | 0.03% | -0.34% | -1.04% | -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% | -0.59% | 2.83% |
| 2015 | 0.00% | 0.80% | -1.09% | 1.40% | 1.09% | 0.03% | 0.69% | 0.23% | -1.15% | 1.43% | 0.74% | -4.11% | -0.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 82, RPIEX is among the top 18% 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.
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.
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Dividends
Dividend History
T. Rowe Price Dynamic Global Bond Fund provided a 4.72% dividend yield over the last twelve months, with an annual payout of $0.37 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.39 | $0.32 | $0.26 | $0.23 | $0.19 | $0.24 | $0.24 | $0.08 | $0.10 | $0.11 |
Dividend yield | 4.72% | 4.97% | 4.16% | 3.08% | 2.45% | 1.93% | 2.65% | 2.56% | 0.77% | 0.98% | 1.06% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.04 | $0.00 | $0.00 | $0.10 | |||||||
| 2024 | $0.02 | $0.03 | $0.03 | $0.04 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 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 | $0.05 | $0.26 |
| 2021 | $0.02 | $0.02 | $0.01 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.03 | $0.23 |
| 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 | $0.11 | $0.24 |
| 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 | $0.00 | $0.10 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.02 | $0.02 | $0.11 |
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 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 19.85%, occurring on Dec 6, 2023. The portfolio has not yet recovered.
The current T. Rowe Price Dynamic Global Bond Fund drawdown is 13.19%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.85% | Jun 15, 2022 | 372 | Dec 6, 2023 | — | — | — |
| -6.53% | Dec 9, 2015 | 999 | Nov 26, 2019 | 107 | May 1, 2020 | 1106 |
| -6.13% | May 13, 2021 | 153 | Dec 17, 2021 | 120 | Jun 10, 2022 | 273 |
| -1.72% | Aug 7, 2020 | 63 | Nov 4, 2020 | 18 | Dec 1, 2020 | 81 |
| -1.58% | Mar 9, 2015 | 8 | Mar 18, 2015 | 31 | May 1, 2015 | 39 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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