T. Rowe Price Intl Bd (USD Hdgd) (T. Rowe Price International Bon) fond

The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in non-U.S. dollar-denominated bonds. In addition, under normal market conditions it maintains at least 80% of its net assets in U.S. dollar currency exposure. 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.