T. Rowe Price Emerging Markets BondPREMX

Morningstar Rating

Fund Research and Analysis

by William Samuel Rocco

T. Rowe Price Emerging Markets Bond's solid showing in 2009 was no fluke.

This fund fared pretty well as emerging-markets bonds surged last year. Mike Conelius elected to stick with his relatively sizable stakes in bonds from African and other frontier Read more

Kudos

Good long-term record.

Sound and distinctive strategy.

Seasoned skipper backed by an exceptional support team.

Moderate expense ratio. Read more

Risks

Taste for bonds from frontier markets can backfire on occasion.

Although this is one of the emerging-markets bond group's more diversified funds, it's pretty volatile in absolute terms and can suffer sharp losses. Read more

Strategy

Although the bulk of the portfolio is in the most-common emerging-bond destinations, lead manager Mike Conelius will take chances on countries facing political or economic turmoil, even on those that Read more

Management

Mike Conelius has worked on this fund since its inception in 1994 and has been its lead manager since the end of 1995. He's supported by comanager Ian Kelson and nine emerging-markets bond analysts. He also draws upon T. Rowe's 25-member emerging-markets Read more

Inside Scoop

This emerging-markets bond fund is broadly diversified, has a long-tenured lead manager and large research staff, and has a solid record over time. Read more

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