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Investment involves risk. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

SICAV
Dynamic Credit Fund
Seeks to have total return through a combination of income and capital appreciation.
ISIN LU2047632166
FACTSHEET
PHS
SFDR DISCLOSURE
Saurabh Sud,
Portfolio Manager
aurabh Sud is a portfolio manager in the Global Fixed Income Division. He manages the Dynamic Credit Strategy, co-manages the US Core Bond Strategy, and is a member of the Global Fixed Income Investment team, with a specific expertise in credit markets. Saurabh is an executive vice president of the International Funds, Inc.; chairman of the Investment Advisory Committee for the Dynamic Credit Fund; and a vice president and Investment Advisory Committee member of the Global Multi-Sector Bond and Total Return Funds. He also is a member of the Sector Strategy Advisory Group. Saurabh is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

Overview
Strategy
Fund Summary
Actively managed and invests mainly in a diversified portfolio of bonds of all types from issuers around the world, including emerging markets.
Performance - Net of Fees

Past performance is not a reliable indicator of future performance. Performance returns are calculated on a NAV-NAV basis, net of fees, with distributions reinvested. Returns for the current year performance is cumulative. Benchmark returns are shown with reinvestment of dividends after the deduction of withholding taxes. The Excess Returns are shown as Fund % minus the Benchmark %. Performance returns for share classes less than 1 year old (and associated benchmarks) are cumulative rather than annualised.