TRLZX Performance — T. Rowe Price International Bond Fund, Z Class
Data updated: 2026-08-27
TRLZX returned −0.71% year to date and −1.13% over one year to Jun 2026. Annualised returns are +3.79% over 3 years and −2.39% over 5 years. The fund trailed its International Short-Term Core Bond category average: $100 invested three years ago grew to $112, against $120 for the category, and to $99 over one year, against $105. Volatility over the past three years was 8.50% a year. In the 12 months to Jun 2026 the fund took in a net $163.4M, and assets reached $952.43M.
TRLZX Growth of $100
What $100 invested in T. Rowe Price International Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Short-Term Core Bond category average over the same months.
| Period | TRLZX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $99 | $105 |
| 3 years (Jul 2023 – Jun 2026) | $112 | $120 |
| 5 years (Jul 2021 – Jun 2026) | $89 | $112 |
| Since data start (Mar 2020 – Jun 2026) | $99 | $117 |
TRLZX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −0.71% |
| 1 year | −1.13% |
| 3 years (annualised) | +3.79% |
| 5 years (annualised) | −2.39% |
TRLZX Annual Returns
Calendar-year total returns of T. Rowe Price International Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −0.71% |
| 2025 | +10.85% |
| 2024 | −4.47% |
| 2023 | +7.67% |
| 2022 | −19.64% |
| 2021 | −6.56% |
| 2020 (Mar–Dec) | +16.33% |
TRLZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.4% | +0.7% | −3.8% | +2.3% | +0.2% | −1.5% | — | — | — | — | — | — |
| 2025 | +0.6% | +1.0% | +1.6% | +4.8% | +0.2% | +2.6% | −2.8% | +2.0% | +0.3% | −0.9% | 0.0% | +0.9% |
| 2024 | −2.7% | −0.9% | +0.3% | −2.8% | +1.6% | −0.7% | +3.3% | +2.8% | +1.8% | −3.6% | −0.4% | −2.8% |
| 2023 | +3.1% | −3.8% | +3.7% | +0.3% | −2.3% | +0.5% | +1.6% | −2.2% | −3.2% | −0.7% | +6.2% | +5.0% |
| 2022 | −1.5% | −1.3% | −3.0% | −7.0% | +0.1% | −5.0% | +2.8% | −6.1% | −7.2% | −0.6% | +7.9% | +0.2% |
| 2021 | −0.9% | −1.8% | −2.5% | +2.0% | +1.4% | −2.2% | +1.3% | −0.5% | −2.4% | −0.4% | −0.9% | +0.2% |
| 2020 | — | — | −1.7% | +2.5% | +1.7% | +1.8% | +5.0% | +1.1% | −0.9% | +0.5% | +2.9% | +2.5% |
TRLZX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 8.50%
- 3-year Sharpe ratio: -0.08 (vs 4.5% risk-free rate)
- Best month: +6.15% (Nov 2023)
- Worst month: −3.81% (Mar 2026)
TRLZX Fund Flows
Monthly money in and out of T. Rowe Price International Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $163.4M
- 12-month gross sales (incl. reinvestments): $280.4M
- Sales ÷ redemptions: 2.40×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $17.7M | $7.6M | $10.1M |
| May 2026 | $16.0M | $7.1M | $9.0M |
| Apr 2026 | $49.2M | $8.3M | $40.9M |
| Mar 2026 | $31.0M | $8.3M | $22.7M |
| Feb 2026 | $17.2M | $8.7M | $8.5M |
| Jan 2026 | $14.1M | $10.7M | $3.3M |
| Dec 2025 | $51.2M | $10.6M | $40.7M |
| Nov 2025 | $19.5M | $9.1M | $10.4M |
| Oct 2025 | $12.6M | $7.9M | $4.6M |
| Sep 2025 | $23.2M | $5.7M | $17.5M |
| Aug 2025 | $15.2M | $9.5M | $5.8M |
| Jul 2025 | $13.4M | $23.4M | −$10.0M |
TRLZX Assets Under Management
Net assets of T. Rowe Price International Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $952.43M |
| 2026-03-31 | $893.80M |
| 2025-12-31 | $883.90M |
| 2025-09-30 | $835.90M |
| 2025-06-30 | $834.25M |
| 2025-03-31 | $749.35M |
| 2024-12-31 | $826.39M |
| 2024-09-30 | $884.34M |
| 2024-06-30 | $837.88M |
| 2024-03-31 | $944.13M |
| 2023-12-31 | $972.73M |
| 2023-09-30 | $928.18M |
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.