T. Rowe Price announces plans for Emerging Markets Corporate Bond Fund

By Toni Weeks

San Diego, March 8 - T. Rowe Price International Funds, Inc. announced in an N-1A filing with the Securities and Exchange Commission plans to launch its Emerging Markets Corporate Bond Fund.

The fund will seek high current income and capital appreciation through investments in emerging market corporate bonds. Investments may be made in any type of security or instrument whose investment characteristics are consistent with the fund's goals.

Michael J. Conelius, chairman of the fund's investment advisory committee, will serve as portfolio manager.

Shareholder fees will consist of a 2% redemption fee that applies to shares redeemed within 90 days of purchase and an annual $20 maximum account fee for accounts with balances of less than $10,000.

Management fees will be 0.8%, and other expenses are estimated at 0.46%. Investment adviser T. Rowe Price Associates, Inc. has agreed to waive fees and reimburse expenses as necessary to limit the total annual fund operating expenses to 1.15%. The agreement expires April 30, 2015.

T. Rowe Price is based in Baltimore.

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