3 / 5 Stars
3 3 1 5 2
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#32 in World Bond
U.S. News evaluated 97 World Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 1.96 percent over the past year, 2.31 percent over the past three years, and 6.23 percent over the past five years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.7%|
|3 Years (Annualized)||2.3%|
|5 Years (Annualized)||6.2%|
|10 Years (Annualized)||N/A|
The investment seeks current income and capital appreciation. Normally, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in foreign bonds and 50% of its net assets in foreign bonds that are rated within the three highest credit categories, as determined by at least one major credit rating agency or, if unrated, deemed to be of comparable quality by T. Rowe Price. If a bond is split-rated, the higher rating will be used. It may invest up to 25% of its total assets in "junk" bonds that have received a below investment-grade rating. The fund is non-diversified.
Fees are Low compared to funds in the same category.
T. Rowe Price Institutional International Bond Fund has an expense ratio of 0.55 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.