T. Rowe Price International Bond Fund RPIBX Strategy

The investment seeks to provide current income and capital appreciation. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in foreign bonds. The fund relies on Bloomberg or another unaffiliated data provider to determine the country assigned to a security. Any derivatives that provide exposure to the investment focus suggested by the fund’s name, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy. The fund is non-diversified.