Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
9.2%
1 yr return
13.8%
3 Yr Avg Return
1.3%
5 Yr Avg Return
N/A
Net Assets
$4.11 B
Holdings in Top 10
13.6%
Expense Ratio 0.72%
Front Load N/A
Deferred Load N/A
Turnover 38.10%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The fund normally invests at least 80% (and potentially all) of its net assets (including any borrowings for investment purposes) in debt securities of emerging market governments or companies located in emerging market countries. The fund’s investments in debt securities typically consist of a mix of both sovereign bonds and corporate bonds. The fund considers frontier markets to be a subset of emerging markets and any investments in frontier markets are counted toward the fund’s 80% investment policy. The fund relies on a classification by either JP Morgan or the International Monetary Fund to determine which countries are emerging markets.
The fund ordinarily invests in the securities of at least three countries; however, it may invest in the securities of one country, including the U.S., for temporary defensive purposes.
The fund’s holdings may be denominated in U.S. dollars or non-U.S. dollar currencies, including emerging market currencies. The extent, if any, to which the fund attempts to cushion the impact of foreign currency fluctuations on the U.S. dollar depends on market conditions. The fund’s holdings may include the lowest-rated bonds, including those in default, and there are no overall limits on the fund’s investments that are rated below investment-grade (BB or lower, or an equivalent rating), also known as “junk” bonds.
Although the fund expects to maintain an intermediate- to long-term weighted average maturity, there are no maturity restrictions on the overall portfolio or on individual securities. Security selection relies heavily on research, which analyzes political and economic trends as well as creditworthiness of particular issuers. The adviser seeks to favor bonds it expects will be upgraded.
The fund may use a variety of derivatives, such as futures, forwards, and swaps for a number of purposes such as for exposure or hedging. Specifically, the fund uses interest rate futures and forward foreign currency exchange contracts. Interest rate futures are primarily used as an efficient means of managing the fund’s exposure to interest rate changes and to adjust the fund’s duration. Forward foreign currency exchange contracts are primarily used to help protect the fund’s non-U.S. dollar denominated holdings from unfavorable changes in foreign currency exchange rates, although other currency hedging techniques may be used from time to time.
Period | TREZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.2% | -4.9% | 464.2% | 22.87% |
1 Yr | 13.8% | -3.1% | 479.1% | 13.65% |
3 Yr | 1.3%* | -7.5% | 59.3% | 24.73% |
5 Yr | N/A* | -7.2% | 29.4% | 70.64% |
10 Yr | N/A* | -4.8% | 14.7% | 27.36% |
* Annualized
Period | TREZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.2% | -10.6% | 17.8% | 23.55% |
2022 | -21.3% | -29.1% | -2.4% | 77.39% |
2021 | -6.7% | -24.0% | 2.7% | 41.58% |
2020 | N/A | -14.0% | 9.7% | N/A |
2019 | N/A | -6.4% | 13.0% | N/A |
Period | TREZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.2% | -4.9% | 464.2% | 22.87% |
1 Yr | 13.8% | -3.1% | 479.1% | 13.65% |
3 Yr | 1.3%* | -7.5% | 59.3% | 24.73% |
5 Yr | N/A* | -7.2% | 29.4% | 66.67% |
10 Yr | N/A* | -4.8% | 14.7% | 25.37% |
* Annualized
Period | TREZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.2% | -0.6% | 20.0% | 12.63% |
2022 | -16.5% | -27.6% | -1.7% | 78.45% |
2021 | -1.6% | -18.5% | 7.4% | 22.58% |
2020 | N/A | -7.8% | 18.0% | N/A |
2019 | N/A | -3.0% | 23.0% | N/A |
TREZX | Category Low | Category High | TREZX % Rank | |
---|---|---|---|---|
Net Assets | 4.11 B | 565 K | 14.8 B | 7.51% |
Number of Holdings | 424 | 4 | 1860 | 29.69% |
Net Assets in Top 10 | 630 M | -134 M | 1.25 B | 6.14% |
Weighting of Top 10 | 13.59% | 5.8% | 102.5% | 76.21% |
Weighting | Return Low | Return High | TREZX % Rank | |
---|---|---|---|---|
Bonds | 96.48% | 0.00% | 100.50% | 33.45% |
Cash | 3.55% | 0.00% | 29.76% | 56.31% |
Convertible Bonds | 0.66% | 0.00% | 8.47% | 30.00% |
Stocks | 0.17% | -0.01% | 96.78% | 13.65% |
Preferred Stocks | 0.00% | 0.00% | 2.24% | 39.93% |
Other | -0.20% | -10.15% | 91.74% | 88.74% |
Weighting | Return Low | Return High | TREZX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 11.41% | N/A |
Technology | 0.00% | 0.00% | 30.64% | N/A |
Real Estate | 0.00% | 0.00% | 2.39% | N/A |
Industrials | 0.00% | 0.00% | 100.00% | N/A |
Healthcare | 0.00% | 0.00% | 12.25% | N/A |
Financial Services | 0.00% | 0.00% | 100.00% | N/A |
Energy | 0.00% | 0.00% | 100.00% | N/A |
Communication Services | 0.00% | 0.00% | 8.92% | N/A |
Consumer Defense | 0.00% | 0.00% | 24.66% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Weighting | Return Low | Return High | TREZX % Rank | |
---|---|---|---|---|
US | 0.17% | 0.00% | 95.74% | 11.60% |
Non US | 0.00% | -0.01% | 88.26% | 9.56% |
Weighting | Return Low | Return High | TREZX % Rank | |
---|---|---|---|---|
Government | 69.89% | 0.00% | 99.79% | 43.10% |
Corporate | 20.51% | 0.00% | 91.26% | 39.31% |
Cash & Equivalents | 2.50% | 0.00% | 23.23% | 49.15% |
Securitized | 0.00% | 0.00% | 2.41% | 44.14% |
Municipal | 0.00% | 0.00% | 0.00% | 36.55% |
Derivative | -0.20% | -1.67% | 13.76% | 89.76% |
Weighting | Return Low | Return High | TREZX % Rank | |
---|---|---|---|---|
US | 85.07% | -42.31% | 99.16% | 36.52% |
Non US | 11.41% | 0.00% | 132.49% | 55.29% |
TREZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.72% | 0.02% | 32.92% | 86.64% |
Management Fee | 0.70% | 0.00% | 1.10% | 53.24% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.65% | N/A |
TREZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
TREZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.75% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
TREZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 38.10% | 0.00% | 218.00% | 25.78% |
TREZX | Category Low | Category High | TREZX % Rank | |
---|---|---|---|---|
Dividend Yield | 7.34% | 0.00% | 22.22% | 27.65% |
TREZX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Quarterly |
TREZX | Category Low | Category High | TREZX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.34% | -2.28% | 8.00% | 8.39% |
TREZX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Nov 27, 2024 | $0.057 | OrdinaryDividend |
Oct 30, 2024 | $0.052 | OrdinaryDividend |
Sep 27, 2024 | $0.048 | OrdinaryDividend |
Aug 29, 2024 | $0.054 | OrdinaryDividend |
Jul 30, 2024 | $0.051 | OrdinaryDividend |
Apr 29, 2024 | $0.049 | OrdinaryDividend |
Mar 28, 2024 | $0.050 | OrdinaryDividend |
Feb 28, 2024 | $0.045 | OrdinaryDividend |
Jan 30, 2024 | $0.048 | OrdinaryDividend |
Dec 28, 2023 | $0.050 | OrdinaryDividend |
Nov 29, 2023 | $0.046 | OrdinaryDividend |
Oct 30, 2023 | $0.046 | OrdinaryDividend |
Sep 28, 2023 | $0.048 | OrdinaryDividend |
Aug 30, 2023 | $0.048 | OrdinaryDividend |
Jul 28, 2023 | $0.044 | OrdinaryDividend |
Jun 29, 2023 | $0.048 | OrdinaryDividend |
May 30, 2023 | $0.047 | OrdinaryDividend |
Apr 27, 2023 | $0.042 | OrdinaryDividend |
Mar 30, 2023 | $0.049 | OrdinaryDividend |
Feb 27, 2023 | $0.041 | OrdinaryDividend |
Jan 30, 2023 | $0.043 | OrdinaryDividend |
Dec 29, 2022 | $0.048 | OrdinaryDividend |
Nov 29, 2022 | $0.044 | OrdinaryDividend |
Oct 28, 2022 | $0.042 | OrdinaryDividend |
Sep 29, 2022 | $0.034 | OrdinaryDividend |
Aug 30, 2022 | $0.046 | OrdinaryDividend |
Jul 28, 2022 | $0.048 | OrdinaryDividend |
Jun 29, 2022 | $0.046 | OrdinaryDividend |
May 27, 2022 | $0.045 | OrdinaryDividend |
Apr 28, 2022 | $0.045 | OrdinaryDividend |
Mar 30, 2022 | $0.048 | OrdinaryDividend |
Feb 25, 2022 | $0.043 | OrdinaryDividend |
Jan 28, 2022 | $0.044 | OrdinaryDividend |
Dec 30, 2021 | $0.051 | OrdinaryDividend |
Nov 29, 2021 | $0.002 | ReturnOfCapital |
Nov 29, 2021 | $0.044 | OrdinaryDividend |
Oct 28, 2021 | $0.003 | ReturnOfCapital |
Oct 28, 2021 | $0.046 | OrdinaryDividend |
Sep 29, 2021 | $0.002 | ReturnOfCapital |
Sep 29, 2021 | $0.045 | OrdinaryDividend |
Aug 30, 2021 | $0.003 | ReturnOfCapital |
Aug 30, 2021 | $0.046 | OrdinaryDividend |
Jul 29, 2021 | $0.003 | ReturnOfCapital |
Jul 29, 2021 | $0.050 | OrdinaryDividend |
Jun 29, 2021 | $0.003 | ReturnOfCapital |
Jun 29, 2021 | $0.048 | OrdinaryDividend |
May 27, 2021 | $0.003 | ReturnOfCapital |
May 27, 2021 | $0.047 | OrdinaryDividend |
Apr 29, 2021 | $0.003 | ReturnOfCapital |
Apr 29, 2021 | $0.052 | OrdinaryDividend |
Mar 30, 2021 | $0.003 | ReturnOfCapital |
Mar 30, 2021 | $0.051 | OrdinaryDividend |
Feb 25, 2021 | $0.003 | ReturnOfCapital |
Feb 25, 2021 | $0.047 | OrdinaryDividend |
Jan 28, 2021 | $0.003 | ReturnOfCapital |
Jan 28, 2021 | $0.048 | OrdinaryDividend |
Dec 30, 2020 | $0.061 | OrdinaryDividend |
Nov 27, 2020 | $0.002 | ReturnOfCapital |
Nov 27, 2020 | $0.051 | OrdinaryDividend |
Oct 29, 2020 | $0.003 | ReturnOfCapital |
Oct 29, 2020 | $0.056 | OrdinaryDividend |
Sep 29, 2020 | $0.051 | OrdinaryDividend |
Sep 29, 2020 | $0.002 | ReturnOfCapital |
Aug 28, 2020 | $0.002 | ReturnOfCapital |
Aug 28, 2020 | $0.045 | OrdinaryDividend |
Jul 30, 2020 | $0.002 | ReturnOfCapital |
Jul 30, 2020 | $0.042 | OrdinaryDividend |
Jun 29, 2020 | $0.002 | ReturnOfCapital |
Jun 29, 2020 | $0.036 | OrdinaryDividend |
May 28, 2020 | $0.002 | ReturnOfCapital |
May 28, 2020 | $0.049 | OrdinaryDividend |
Apr 29, 2020 | $0.002 | ReturnOfCapital |
Apr 29, 2020 | $0.052 | OrdinaryDividend |
Mar 30, 2020 | $0.001 | ReturnOfCapital |
Mar 30, 2020 | $0.026 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Jun 30, 2020
1.92
1.9%
Mr. Muaddi has been chairman of the committee since 2015. Mr. Muaddi joined T. Rowe Price in 2006 and his investment experience dates from that time. Throughout the past five years, he has served as a credit analyst and portfolio manager (beginning in 2015). The Statement of Additional Information provides additional information about the portfolio manager’s compensation, other accounts managed by the portfolio manager, and the portfolio manager’s ownership of the fund’s shares.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.15 | 23.87 | 6.5 | 6.11 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...