T. Rowe Price Global High Income Bd
RPIHX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Baltimore, MD 21202 Baltimore MD United States of America 21202
- IPO Date
- Jan 22, 2015
- CIK
- 0000313212
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Global High Income Bond Fund (RPIHX) is an open-end mutual fund managed by T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered in Baltimore, Maryland. The fund, launched on January 22, 2015, seeks high current income and, secondarily, capital appreciation by investing at least 80% of its net assets in below-investment-grade corporate debt securities, including high yield bonds (also known as junk bonds), bank loans, and other high-income producing instruments; it maintains a diversified portfolio with approximately 48.8% in non-U.S. bonds, 42.5% in U.S. bonds, and allocations to cash equivalents, preferred stock, and minor equity exposure, primarily in corporate bonds (81%) and bank loans (6.5%); non-U.S. dollar denominated securities are hedged to mitigate foreign exchange risk. Managed by Michael Della Vedova since inception, along with Samy Muaddi and Michael Connelly since 2020, the fund targets a global high yield opportunity set across developed and emerging markets in regions including the U.S., Eurozone, United Kingdom, Japan, and Africa, serving individual and institutional investors through platforms such as Schwab, Fidelity, and TD Ameritrade, with a net expense ratio of 0.75% and minimum initial investment of $2,500. T. Rowe Price Group operates worldwide with offices in the U.S., Canada, Denmark, and other locations, managing over $1.6 trillion in assets as of Q3 2025. Recent major developments at T. Rowe Price include a September 2025 strategic alliance with Goldman Sachs Asset Management, involving up to $1 billion investment in T. Rowe stock and the launch of co-branded model portfolios for private-market products targeting retirement savers and wealthy investors; the acquisition of Oak Hill, a private credit manager, to expand alternatives to $75 billion by year-end; the November 2025 announcement of a new Global Strategy function led by Andrew Reich starting January 2026 to oversee corporate strategy, M&A, and product development; and a strategic reorganization emphasizing technology-driven efficiency, including AI-powered portfolio management, blockchain-based ETFs, and Asian retirement market expansion, amid a 4% headcount reduction since late 2024.