T. Rowe Price Intl Bd (USD Hdgd) I
TNBMX
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
- Address
- Baltimore, MD 21202 Baltimore MD United States of America 21202
- IPO Date
- Sep 12, 2017
- CIK
- 0000313212
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price International Bond Fund (USD Hedged) I (TNBMX) is an open-end mutual fund that seeks current income and capital appreciation through investment primarily in non-U.S. dollar-denominated bonds from investment-grade issuers worldwide, with at least 80% of net assets maintained in U.S. dollar currency exposure via hedging; its portfolio emphasizes high-quality, investment-grade international bonds including government securities, corporate bonds, covered bonds and government-related debt, predominantly non-U.S. bonds (82.88%), cash (12.25%), and U.S. bonds (4.80%), with top sectors comprising government bonds (66.10%), corporate bonds (20.72%), and cash equivalents (10.24%). Top holdings typically include sovereign debt such as Japan Government 0.005%, United States Treasury Notes 3.5%, Canada Government 4%, Germany Federal Republic 0.5%, and Belgium Kingdom 1%, representing about 10.85% of the portfolio. The fund, domiciled in the United States and available for sale there, falls within the Morningstar Global Bond-USD Hedged category, exhibiting mid credit quality and moderate interest-rate sensitivity; it features a net expense ratio of 0.53%, daily pricing, no front-end or deferred loads, a minimum initial investment of $500,000, and total net assets of approximately $7.26 billion, with the I share class at $1.41 billion. Managed by T. Rowe Price Associates, Inc., founded in 1937 and headquartered in Baltimore, Maryland, the fund operates globally with a focus on developed and emerging international bond markets to capture higher yields relative to U.S. Treasuries, serving institutional and high-net-worth investors seeking USD-hedged exposure; portfolio managers include Kenneth Orchard (since inception on September 12, 2017) and Andrew Keirle (since February 28, 2023). In recent developments, the I share class (TNBMX), launched September 12, 2017, has maintained its strategy amid T. Rowe Price Group's broader operational enhancements, including the announcement in late 2025 of a new Technology, Data, and Operations function led by CTO Ramon Richards following COO Kimberly Johnson's resignation at year-end, aimed at advancing digital transformation, efficiency, and scalable solutions to support investment products like this fund. The parent firm, with $1.48 trillion in assets under management as of late 2024, continues to emphasize active management across equity, fixed income, and multi-asset strategies without major fund-specific acquisitions, partnerships, or product shifts reported for TNBMX in the last 1-2 years.