PAIBX Fees and Costs — T. Rowe Price International Bond Fund, Advisor Class
Data updated: 2026-08-27
The net expense ratio is 1.09%: a 0.48% management fee, a 0.25% 12b-1 fee plus 0.78% other expenses, less a 0.42% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $32K in broker commissions, 0.0039% of average net assets, and portfolio turnover was 71%.
PAIBX Fees and Expenses
Annual operating expenses and sales charges of PAIBX. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.78% |
| Gross expense ratio | 1.51% |
| Fee waiver | −0.42% |
| Net expense ratio | 1.09% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PAIBX Costs Over Time
On $10,000 invested in PAIBX, assuming 5% a year before costs, total costs come to $683 over 5 years, cutting the return by 1.15% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.09%) | $114 | $357 | $618 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $376 | $683 |
| Value after costs | $10,385 | $11,200 | $12,080 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
PAIBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0039%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 71%
- Securities on loan, average value: $7.2M
- Net income from securities lending: $27K (0.003% of average net assets)
PAIBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $12K | 39.02% |
| BOFA SECURITIES, INC. | $8K | 25.91% |
| J.P. MORGAN SECURITIES LLC | $5K | 16.76% |
| Citigroup Inc. | $4K | 12.18% |
| MORGAN STANLEY & CO. LLC | $1K | 4.02% |
| Deutsche Bank Securities Inc. | $672 | 2.10% |
PAIBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Inc. | $128.6M | 15.22% |
| BARCLAYS CAPITAL INC. | $102.2M | 12.09% |
| MORGAN STANLEY & CO. LLC | $101.1M | 11.96% |
| J.P. MORGAN SECURITIES LLC | $93.0M | 11.01% |
| Deutsche Bank Securities Inc. | $89.5M | 10.60% |
| HSBC Securities (USA) Inc. | $85.1M | 10.07% |
| BOFA SECURITIES, INC. | $84.0M | 9.95% |
| GOLDMAN SACHS & CO. LLC | $71.0M | 8.40% |
| BMO Capital Markets Corp. | $47.2M | 5.59% |
| Nomura International PLC | $43.3M | 5.12% |
T. Rowe Price International Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRLZX | Z Class | 0.00% | — |
| RPISX | I Class | 0.53% | — |
| RPIBX | T. Rowe Price International Bond Fund | 0.67% | — |
| PAIBX | Advisor Class | 1.09% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.