T. Rowe Price Intl Bd (USD Hdgd)
TNIBX
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.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- 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) (TNIBX) is an open-end mutual fund that seeks current income and capital appreciation through investments primarily in investment-grade, non-U.S. dollar-denominated bonds from developed and emerging markets worldwide; the fund maintains at least 80% of its net assets in U.S. dollar currency exposure by hedging foreign currency risk using forward contracts, derivatives such as swaps, options and futures, or other instruments; it emphasizes high-quality debt securities including government and corporate bonds while allocating up to 25% to higher-yielding, lower-quality bonds for diversification and income enhancement; key portfolio characteristics include an effective duration of approximately 5.7-6.6 years, medium credit quality, moderate interest rate sensitivity, and regional allocations led by Europe (over 50%), followed by Asia ex-Japan, North America, Japan and Latin America. Launched on September 12, 2017, as part of T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered in Baltimore, Maryland, the fund operates within the global bond-USD hedged category with total assets exceeding USD 7 billion, an expense ratio of 0.77-0.79%, and a minimum initial investment of USD 2,500. The fund employs a fundamental, bottom-up investment process driven by T. Rowe Price's global research team, focusing on yield spreads, credit quality, supply-demand dynamics and currency trends while actively managing duration, sector weights and currency hedging; it remains nondiversified, permitting concentrated positions in individual issuers, and has sustained a Morningstar Gold Medalist Rating owing to its robust process and management team despite fees in the second-costliest peer quintile. No major strategic shifts, acquisitions, partnerships, funding rounds, name changes or reorganizations specific to TNIBX have been reported in the last 1-2 years; the fund continues to track benchmarks like the Bloomberg Global Aggregate ex-USD Index (USD Hedged) with steady portfolio turnover around 55% and top holdings in sovereign debt from China, Canada, Germany, Brazil and the UK.