PAIHX Fees and Costs — T. Rowe Price Global High Income Bond Fund, Advisor Class
Data updated: 2026-08-27
The net expense ratio is 0.96%: a 0.55% management fee, a 0.25% 12b-1 fee plus 1.54% other expenses, less a 1.38% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $311 in broker commissions, and portfolio turnover was 58%.
PAIHX Fees and Expenses
Annual operating expenses and sales charges of PAIHX. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.54% |
| Gross expense ratio | 2.34% |
| Fee waiver | −1.38% |
| Net expense ratio | 0.96% |
| 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 |
PAIHX Costs Over Time
On $10,000 invested in PAIHX, assuming 5% a year before costs, total costs come to $601 over 5 years, cutting the return by 1.01% 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 0.96%) | $101 | $315 | $546 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $330 | $601 |
| Value after costs | $10,399 | $11,246 | $12,162 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
PAIHX 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): —
- Total broker commissions: $311
- Bought from dealers (principal trades, not a cost): $749.7M
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
PAIHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $205 | 66.13% |
| GOLDMAN SACHS & CO. LLC | $92 | 29.68% |
| BARCLAYS CAPITAL INC. | $12 | 3.87% |
| LUMINEX TRADING & ANALYTICS LLC | $1 | 0.32% |
PAIHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $106.4M | 18.89% |
| GOLDMAN SACHS & CO. LLC | $97.2M | 17.25% |
| MORGAN STANLEY & CO. LLC | $63.9M | 11.35% |
| Citigroup Inc. | $60.0M | 10.65% |
| BOFA SECURITIES, INC. | $58.6M | 10.41% |
| BARCLAYS CAPITAL INC. | $45.8M | 8.13% |
| JEFFERIES LLC | $41.8M | 7.42% |
| Deutsche Bank Securities Inc. | $31.7M | 5.64% |
| BNP PARIBAS | $29.1M | 5.17% |
| RBC Capital Markets, LLC | $28.7M | 5.09% |
T. Rowe Price Global High Income 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 |
|---|---|---|---|
| RPOIX | I Class | 0.60% | — |
| RPIHX | T. Rowe Price Global High Income Bond Fund | 0.75% | — |
| PAIHX | Advisor Class | 0.96% | — |
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.