PRELX Fees and Costs — T. Rowe Price Emerging Markets Local Currency Bond Fund
Data updated: 2026-08-27
The net expense ratio is 0.92%: a 0.59% management fee plus 0.42% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 82%.
PRELX Fees and Expenses
Annual operating expenses and sales charges of PRELX. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.42% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.92% |
| 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 |
PRELX Costs Over Time
On $10,000 invested in PRELX, assuming 5% a year before costs, total costs come to $578 over 5 years, cutting the return by 0.97% 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 0.92%) | $97 | $302 | $524 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $578 |
| Value after costs | $10,403 | $11,259 | $12,185 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
PRELX 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): 0.0022%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $619.8M
- Portfolio turnover (prospectus): 82%
- Securities lending: none during the year
PRELX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Inc. | $2K | 22.73% |
| J.P. MORGAN SECURITIES LLC | $2K | 22.30% |
| BOFA SECURITIES, INC. | $1K | 20.83% |
| GOLDMAN SACHS & CO. LLC | $1K | 20.51% |
| MORGAN STANLEY & CO. LLC | $931 | 13.44% |
| Deutsche Bank Securities Inc. | $13 | 0.19% |
| JEFFERIES LLC | $1 | 0.01% |
PRELX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Inc. | $89.5M | 20.80% |
| J.P. MORGAN SECURITIES LLC | $54.7M | 12.71% |
| HSBC Securities (USA) Inc. | $51.0M | 11.86% |
| BOFA SECURITIES, INC. | $47.1M | 10.96% |
| BNP PARIBAS | $43.3M | 10.06% |
| GOLDMAN SACHS & CO. LLC | $35.7M | 8.29% |
| Deutsche Bank Securities Inc. | $34.8M | 8.08% |
| The Bank of Nova Scotia | $25.3M | 5.88% |
| CITADEL SECURITIES INSTITUTIONAL LLC | $24.5M | 5.69% |
| CIMB BANK BERHAD | $24.4M | 5.67% |
T. Rowe Price Emerging Markets Local Currency 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 |
|---|---|---|---|
| TRZFX | Z Class | 0.00% | — |
| TEIMX | I Class | 0.64% | — |
| PRELX | T. Rowe Price Emerging Markets Local Currency Bond Fund | 0.92% | — |
| PAELX | Advisor Class | 1.10% | — |
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.