Morningstar

T. Rowe Price Emerging Markets Local Currency Bond Fund PRELX

Medalist Rating as of Aug 31, 2026 See T. Rowe Price Investment Hub

Strategy

The investment seeks high income and capital appreciation. Under normal conditions, at least 80% of the fund’s net assets (plus any borrowings for investment purposes) are invested in bonds that are denominated in emerging markets currencies, and in derivative instruments that provide investment exposure to such securities. The fund may use a variety of derivatives, such as futures, forwards, options, and swaps for a number of purposes, such as for hedging risk or managing certain exposure. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PAELX	T. Rowe Price Emerging Markets Local Currency Bond Fund Advisor Class	No Load	Open			May 26, 2011	$3,980.00	1.100%	High	$2,500	−$32.76
PRELX	T. Rowe Price Emerging Markets Local Currency Bond Fund	No Load	Open			May 26, 2011	$26.27M	0.920%	Above Average	$2,500	$5.76M
TEIMX	T. Rowe Price Emerging Markets Local Currency Bond Fund I Class	Institutional	Open			Dec 17, 2015	$151.67M	0.640%	Low	$500,000	$28.42M
TRZFX	T. Rowe Price Emerging Markets Local Currency Bond Fund Z Class	Institutional	Open		—	Feb 22, 2021	$209.28M	0.000%	Low	$0	$6.11M

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