PRELX : T. Rowe Price Emerging Markets Local Currency Bond Fund

Fund Summary

The investment seeks high income and capital appreciation. Under normal conditions, at least 80% of the fund's net assets (including any borrowings for investment purposes) will be invested in bonds that are denominated in emerging markets currencies, and in derivative instruments that provide investment exposure to such securities. It generally invests in securities where the combination of fixed-income returns and currency exchange rates appears attractive or, if the currency trend is unfavorable, where the managers believe the currency risk can be minimized through hedging. The fund is non-diversified.