PAIEX Fees and Costs — T. Rowe Price Dynamic Global Bond Fund, Advisor Class
Data updated: 2026-08-27
The net expense ratio is 0.90%: a 0.48% management fee, a 0.25% 12b-1 fee plus 0.89% other expenses, less a 0.72% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $659K in broker commissions, 0.0163% of average net assets, and portfolio turnover was 70%.
PAIEX Fees and Expenses
Annual operating expenses and sales charges of PAIEX. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.89% |
| Gross expense ratio | 1.62% |
| Fee waiver | −0.72% |
| Net expense ratio | 0.90% |
| 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 |
PAIEX Costs Over Time
On $10,000 invested in PAIEX, assuming 5% a year before costs, total costs come to $574 over 5 years, cutting the return by 0.96% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $315 | $574 |
| Value after costs | $10,404 | $11,261 | $12,189 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
PAIEX 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): 0.0163%
- Total broker commissions: $659K
- Bought from dealers (principal trades, not a cost): $9.0B
- Portfolio turnover (prospectus): 70%
- Securities on loan, average value: $199.8M
- Net income from securities lending: $848K (0.021% of average net assets)
PAIEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $182K | 27.69% |
| GOLDMAN SACHS & CO. LLC | $173K | 26.21% |
| MORGAN STANLEY & CO. LLC | $110K | 16.68% |
| Citigroup Inc. | $102K | 15.41% |
| BOFA SECURITIES, INC. | $89K | 13.43% |
| Deutsche Bank Securities Inc. | $4K | 0.56% |
| JEFFERIES LLC | $12 | 0.00% |
PAIEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $1.3B | 16.18% |
| J.P. MORGAN SECURITIES LLC | $1.3B | 15.77% |
| BMO Capital Markets Corp. | $1.3B | 15.61% |
| ASL CAPITAL MARKETS INC. | $988.6M | 11.99% |
| Citigroup Inc. | $926.7M | 11.24% |
| BARCLAYS CAPITAL INC. | $783.8M | 9.51% |
| GOLDMAN SACHS & CO. LLC | $661.6M | 8.03% |
| Nomura International PLC | $569.2M | 6.90% |
| BOFA SECURITIES, INC. | $287.1M | 3.48% |
| Deutsche Bank Securities Inc. | $106.4M | 1.29% |
T. Rowe Price Dynamic Global 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 |
|---|---|---|---|
| TRDZX | Z Class | 0.00% | — |
| RPEIX | I Class | 0.51% | — |
| RPIEX | T. Rowe Price Dynamic Global Bond Fund | 0.75% | — |
| PAIEX | Advisor Class | 0.90% | — |
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.