NPORT-EX 2 7022TRP033123.htm T. ROWE PRICE INTERNATIONAL FUNDS, INC.
T.
ROWE
PRICE
International
Bond
Fund
March
31,
2023
(Unaudited)
1
Portfolio
of
Investments
‡
Par/Shares
$
Value
(
Cost
and
value
in
$000s)
‡
ALBANIA
0.4%
Government
Bonds
0.4%
Republic
of
Albania,
3.50%,
10/9/25
(EUR) (1)
860,000‌
881‌
Republic
of
Albania,
3.50%,
6/16/27
(EUR) (1)
720,000‌
708‌
Republic
of
Albania,
3.50%,
11/23/31
(EUR) (1)(2)
2,730,000‌
2,463‌
Total
Albania
(Cost
$4,839
)
4,052‌
AUSTRALIA
3.3%
Corporate
Bonds
0.1%
APA
Infrastructure,
3.125%,
7/18/31
(GBP) 
915,000‌
931‌
931‌
Government
Bonds
3.2%
Commonwealth
of
Australia,
Series
140,
4.50%,
4/21/33 
25,266,000‌
18,669‌
Commonwealth
of
Australia,
Series
150,
3.00%,
3/21/47 
4,280,000‌
2,522‌
Commonwealth
of
Australia,
Series
158,
1.25%,
5/21/32 
8,241,000‌
4,646‌
New
South
Wales
Treasury,
Series
26,
4.00%,
5/20/26 
9,397,400‌
6,403‌
32,240‌
Total
Australia
(Cost
$35,527
)
33,171‌
AUSTRIA
0.4%
Government
Bonds
0.4%
Republic
of
Austria,
0.75%,
3/20/51 (1)
6,877,000‌
4,345‌
Total
Austria
(Cost
$4,189
)
4,345‌
BELGIUM
0.0%
Corporate
Bonds
0.0%
Anheuser-Busch
InBev,
1.65%,
3/28/31 
300,000‌
284‌
Total
Belgium
(Cost
$280
)
284‌
BRAZIL
1.5%
Corporate
Bonds
0.3%
Braskem
Netherlands
Finance,
4.50%,
1/31/30
(USD) 
1,125,000‌
957‌
MercadoLibre,
3.125%,
1/14/31
(USD) 
1,380,000‌
1,088‌
Suzano
Austria,
5.00%,
1/15/30
(USD) 
900,000‌
858‌
2,903‌
Government
Bonds
1.2%
Brazil
Notas
do
Tesouro
Nacional,
Series
NTNB,
Inflation-
Indexed,
6.00%,
5/15/25 
6,675,710‌
1,323‌
T.
ROWE
PRICE
International
Bond
Fund
2
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Brazil
Notas
do
Tesouro
Nacional,
Series
NTNF,
10.00%,
1/1/27 
17,395,000‌
3,223‌
Brazil
Notas
do
Tesouro
Nacional,
Series
NTNF,
10.00%,
1/1/31 
41,598,000‌
7,190‌
11,736‌
Total
Brazil
(Cost
$14,490
)
14,639‌
BULGARIA
0.2%
Government
Bonds
0.2%
Republic
of
Bulgaria,
4.50%,
1/27/33
(EUR) (1)
1,420,000‌
1,513‌
Total
Bulgaria
(Cost
$1,501
)
1,513‌
CANADA
6.0%
Asset-Backed
Securities
0.1%
Cologix
Canadian
Issuer,
Series
2022-1CAN,
Class
A2,
4.94%,
1/25/52 (1)
1,690,000‌
1,156‌
1,156‌
Corporate
Bonds
0.3%
Transcanada
Trust,
Series
17-B,
VR,
4.65%,
5/18/77 (3)
4,481,000‌
2,966‌
2,966‌
Government
Bonds
5.6%
Government
of
Canada,
1.25%,
3/1/27 
52,271,000‌
35,983‌
Government
of
Canada
Real
Return
Bond,
Inflation-Indexed,
Series
CPI,
4.00%,
12/1/31 
10,998,908‌
10,097‌
Government
of
Canada
Treasury
Bills,
4.52%,
6/8/23 
11,139,000‌
8,173‌
Province
of
Ontario,
3.50%,
6/2/43 
996,000‌
676‌
54,929‌
Total
Canada
(Cost
$63,323
)
59,051‌
CHILE
0.4%
Corporate
Bonds
0.4%
Celulosa
Arauco
y
Constitucion,
4.20%,
1/29/30
(USD) (1)
2,335,000‌
2,124‌
Interchile,
4.50%,
6/30/56
(USD) 
1,700,000‌
1,361‌
Total
Chile
(Cost
$3,859
)
3,485‌
CHINA
5.9%
Corporate
Bonds
0.3%
State
Grid
Overseas
Investment
BVI,
1.375%,
5/2/25
(EUR) (1)
2,000,000‌
2,053‌
Tencent
Holdings,
3.24%,
6/3/50
(USD) 
1,850,000‌
1,217‌
3,270‌
T.
ROWE
PRICE
International
Bond
Fund
3
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Government
Bonds
5.6%
People's
Republic
of
China,
Series
INBK,
2.60%,
9/1/32 
130,000,000‌
18,495‌
People's
Republic
of
China,
Series
INBK,
2.69%,
8/15/32 
70,000,000‌
10,032‌
People's
Republic
of
China,
Series
INBK,
3.02%,
5/27/31 
50,000,000‌
7,384‌
People's
Republic
of
China,
Series
INBK,
3.32%,
4/15/52 
30,000,000‌
4,431‌
People's
Republic
of
China,
Series
INBK,
3.53%,
10/18/51 
30,000,000‌
4,593‌
People's
Republic
of
China,
Series
1908,
4.00%,
6/24/69 
10,000,000‌
1,701‌
People's
Republic
of
China,
Series
1915,
3.13%,
11/21/29 
60,000,000‌
8,922‌
55,558‌
Total
China
(Cost
$57,572
)
58,828‌
COLOMBIA
0.5%
Corporate
Bonds
0.1%
Banco
de
Bogota,
6.25%,
5/12/26
(USD) 
1,050,000‌
1,021‌
1,021‌
Government
Bonds
0.4%
Republic
of
Colombia,
Series
B,
6.00%,
4/28/28 
9,493,400,000‌
1,636‌
Republic
of
Colombia,
Series
B,
7.00%,
3/26/31 
12,081,200,000‌
1,997‌
Republic
of
Colombia,
Series
B,
13.25%,
2/9/33 
295,300,000‌
69‌
3,702‌
Total
Colombia
(Cost
$4,614
)
4,723‌
CYPRUS
0.6%
Government
Bonds
0.6%
Republic
of
Cyprus,
0.95%,
1/20/32 
3,426,000‌
2,868‌
Republic
of
Cyprus,
1.25%,
1/21/40 
50,000‌
34‌
Republic
of
Cyprus,
1.50%,
4/16/27 
425,000‌
424‌
Republic
of
Cyprus,
2.75%,
2/26/34 
547,000‌
512‌
Republic
of
Cyprus,
2.75%,
5/3/49 
642,000‌
548‌
Republic
of
Cyprus,
3.75%,
7/26/23 
1,201,000‌
1,303‌
Total
Cyprus
(Cost
$7,514
)
5,689‌
CZECH
REPUBLIC
1.6%
Government
Bonds
1.6%
Republic
of
Czech,
Series
89,
2.40%,
9/17/25 
142,040,000‌
6,147‌
Republic
of
Czech,
Series
105,
2.75%,
7/23/29 
228,410,000‌
9,434‌
Total
Czech
Republic
(Cost
$15,811
)
15,581‌
T.
ROWE
PRICE
International
Bond
Fund
4
Par/Shares
$
Value
(Cost
and
value
in
$000s)
DENMARK
0.3%
Corporate
Bonds
0.3%
Danske
Bank,
VR,
1.375%,
2/17/27
(EUR) (3)
200,000‌
199‌
Danske
Bank,
VR,
1.375%,
2/12/30
(EUR) (3)
1,475,000‌
1,481‌
Orsted,
4.875%,
1/12/32
(GBP) 
910,000‌
1,112‌
Total
Denmark
(Cost
$2,958
)
2,792‌
FRANCE
3.2%
Corporate
Bonds
0.8%
Altice
France,
5.875%,
2/1/27 (1)
375,000‌
359‌
Banque
Federative
du
Credit
Mutuel,
1.25%,
5/26/27 
500,000‌
490‌
Banque
Federative
du
Credit
Mutuel,
1.375%,
7/16/28 
500,000‌
478‌
BNP
Paribas,
VR,
2.125%,
1/23/27 (3)
1,000,000‌
1,022‌
BNP
Paribas,
VR,
3.875%,
1/10/31 (3)
1,000,000‌
1,074‌
BPCE,
0.25%,
1/14/31 
1,100,000‌
900‌
Credit
Agricole,
1.00%,
9/16/24 
1,400,000‌
1,457‌
Credit
Agricole,
1.875%,
12/20/26 
1,100,000‌
1,110‌
RTE
Reseau
de
Transport
d'Electricite
SADIR,
0.75%,
1/12/34 
1,100,000‌
901‌
7,791‌
Government
Bonds
2.4%
Republic
of
France,
0.00%,
5/25/32 
16,776,000‌
14,202‌
Republic
of
France,
1.25%,
5/25/36 (1)
10,938,000‌
9,594‌
23,796‌
Total
France
(Cost
$36,809
)
31,587‌
GERMANY
4.3%
Corporate
Bonds
0.8%
Allianz,
VR,
3.375% (3)(4)
2,300,000‌
2,432‌
E.ON
International
Finance,
6.25%,
6/3/30
(GBP) 
815,000‌
1,060‌
Fresenius,
5.00%,
11/28/29 
900,000‌
998‌
Gruenenthal,
3.625%,
11/15/26 (1)
200,000‌
204‌
Hannover
Rueck,
VR,
1.125%,
10/9/39 (3)
700,000‌
586‌
Hannover
Rueck,
VR,
1.75%,
10/8/40 (3)
900,000‌
756‌
TK
Elevator
Midco,
4.375%,
7/15/27 (1)(2)
490,000‌
480‌
Volkswagen
International
Finance,
Series
10Y,
1.875%,
3/30/27 
200,000‌
200‌
Volkswagen
Leasing,
1.50%,
6/19/26 
1,630,000‌
1,643‌
8,359‌
Government
Bonds
3.5%
Bundesrepublik
Deutschland
Bundesanleihe,
0.00%,
8/15/52 
4,569,578‌
2,568‌
Deutsche
Bundesrepublik,
Inflation-Indexed,
0.10%,
4/15/26 
15,006,521‌
16,350‌
T.
ROWE
PRICE
International
Bond
Fund
5
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Deutsche
Bundesrepublik,
Inflation-Indexed,
0.50%,
4/15/30 
12,837,039‌
14,559‌
KfW,
4.70%,
6/2/37
(CAD) 
924,000‌
709‌
34,186‌
Total
Germany
(Cost
$42,941
)
42,545‌
GREECE
0.3%
Government
Bonds
0.3%
Hellenic
Republic,
0.75%,
6/18/31 (1)
3,809,000‌
3,174‌
Total
Greece
(Cost
$4,584
)
3,174‌
HUNGARY
1.0%
Government
Bonds
1.0%
Republic
of
Hungary,
5.00%,
2/22/27
(EUR) 
1,557,000‌
1,704‌
Republic
of
Hungary,
Series
32/A,
4.75%,
11/24/32 
190,000,000‌
412‌
Republic
of
Hungary,
Series
33/A,
2.25%,
4/20/33 
4,380,620,000‌
7,501‌
Total
Hungary
(Cost
$12,984
)
9,617‌
ICELAND
0.4%
Corporate
Bonds
0.2%
Landsbankinn,
0.375%,
5/23/25
(EUR) 
1,675,000‌
1,585‌
1,585‌
Government
Bonds
0.2%
Republic
of
Iceland,
0.00%,
4/15/28
(EUR) 
2,249,000‌
2,037‌
2,037‌
Total
Iceland
(Cost
$4,596
)
3,622‌
INDIA
0.9%
Corporate
Bonds
0.1%
ABJA
Investment,
5.45%,
1/24/28
(USD) (2)
1,219,000‌
1,183‌
1,183‌
Government
Bonds
0.8%
Republic
of
India,
7.26%,
8/22/32 
602,040,000‌
7,324‌
7,324‌
Total
India
(Cost
$8,452
)
8,507‌
T.
ROWE
PRICE
International
Bond
Fund
6
Par/Shares
$
Value
(Cost
and
value
in
$000s)
INDONESIA
2.5%
Corporate
Bonds
0.1%
Minejesa
Capital,
5.625%,
8/10/37
(USD) 
1,200,000‌
942‌
942‌
Government
Bonds
2.4%
Republic
of
Indonesia,
3.75%,
6/14/28
(EUR) (2)
6,942,000‌
7,425‌
Republic
of
Indonesia,
Series
FR87,
6.50%,
2/15/31 
131,193,000,000‌
8,702‌
Republic
of
Indonesia,
Series
FR91,
6.375%,
4/15/32 
52,200,000,000‌
3,411‌
Republic
of
Indonesia,
Series
FR95,
6.375%,
8/15/28 
69,495,000,000‌
4,643‌
24,181‌
Total
Indonesia
(Cost
$26,041
)
25,123‌
IRELAND
0.1%
Government
Bonds
0.1%
Republic
of
Ireland,
1.50%,
5/15/50 
522,000‌
397‌
Republic
of
Ireland,
2.00%,
2/18/45 
983,000‌
873‌
Total
Ireland
(Cost
$2,011
)
1,270‌
ISRAEL
2.0%
Corporate
Bonds
0.2%
Bank
Hapoalim,
VR,
3.255%,
1/21/32
(USD) (1)(3)
1,280,000‌
1,065‌
Leviathan
Bond,
6.50%,
6/30/27
(USD) (1)(2)
1,000,000‌
958‌
2,023‌
Government
Bonds
1.8%
State
of
Israel,
1.50%,
1/18/27
(EUR) 
3,044,000‌
3,018‌
State
of
Israel,
Series
0142,
5.50%,
1/31/42 
18,595,000‌
6,191‌
State
of
Israel,
Series
0347,
3.75%,
3/31/47 
3,542,000‌
943‌
State
of
Israel,
Series
0825,
1.75%,
8/31/25 
28,725,389‌
7,578‌
17,730‌
Total
Israel
(Cost
$23,174
)
19,753‌
ITALY
4.1%
Corporate
Bonds
0.4%
Autostrade
per
l'Italia,
2.00%,
12/4/28 
990,000‌
930‌
Autostrade
per
l'Italia,
2.25%,
1/25/32 
550,000‌
484‌
FCA
Bank,
0.50%,
9/13/24 (2)
1,000,000‌
1,030‌
Infrastrutture
Wireless
Italiane,
1.625%,
10/21/28 
700,000‌
673‌
UniCredit,
VR,
4.875%,
2/20/29 (3)
650,000‌
693‌
T.
ROWE
PRICE
International
Bond
Fund
7
Par/Shares
$
Value
(Cost
and
value
in
$000s)
3,810‌
Government
Bonds
3.7%
Italy
Buoni
Poliennali
Del
Tesoro,
Series
10Y,
4.40%,
5/1/33 
23,307,000‌
26,017‌
Italy
Buoni
Poliennali
Del
Tesoro,
Series
50Y,
2.80%,
3/1/67 
6,408,000‌
4,852‌
Italy
Buoni
Poliennali
Del
Tesoro,
Series
5Y,
3.40%,
4/1/28 
5,125,000‌
5,517‌
36,386‌
Total
Italy
(Cost
$42,668
)
40,196‌
IVORY
COAST
0.3%
Government
Bonds
0.3%
Republic
of
Ivory
Coast,
5.875%,
10/17/31
(EUR) 
2,790,000‌
2,494‌
Total
Ivory
Coast
(Cost
$2,393
)
2,494‌
JAPAN
16.9%
Government
Bonds
16.9%
Government
of
Japan,
Series
44,
1.70%,
9/20/44 
1,297,900,000‌
10,891‌
Government
of
Japan,
Series
73,
0.70%,
12/20/51 
53,700,000‌
348‌
Government
of
Japan,
Series
74,
1.00%,
3/20/52 
1,890,250,000‌
13,251‌
Government
of
Japan,
Series
75,
1.30%,
6/20/52 
1,516,250,000‌
11,451‌
Government
of
Japan,
Series
76,
1.40%,
9/20/52 
1,903,750,000‌
14,761‌
Government
of
Japan,
Series
338,
0.40%,
3/20/25 
2,089,800,000‌
15,889‌
Government
of
Japan
Treasury
Bills,
(0.12)%,
7/10/23 
2,300,000,000‌
17,330‌
Government
of
Japan
Treasury
Bills,
(0.126)%,
5/10/23 
5,600,000,000‌
42,179‌
Government
of
Japan,
Inflation-Indexed,
Series
18,
0.10%,
3/10/24 
897,899,500‌
6,853‌
Government
of
Japan,
Inflation-Indexed,
Series
19,
0.10%,
9/10/24 
1,558,570,600‌
12,020‌
Government
of
Japan,
Inflation-Indexed,
Series
20,
0.10%,
3/10/25 
1,695,054,000‌
13,092‌
Government
of
Japan,
Inflation-Indexed,
Series
26,
0.005%,
3/10/31 
1,240,123,608‌
9,674‌
Total
Japan
(Cost
$174,904
)
167,739‌
KUWAIT
0.1%
Corporate
Bonds
0.1%
Equate
Petrochemical,
2.625%,
4/28/28
(USD) (1)
1,485,000‌
1,312‌
Total
Kuwait
(Cost
$1,489
)
1,312‌
T.
ROWE
PRICE
International
Bond
Fund
8
Par/Shares
$
Value
(Cost
and
value
in
$000s)
LATVIA
1.1%
Government
Bonds
1.1%
Republic
of
Latvia,
0.375%,
10/7/26
(EUR) 
11,633,000‌
11,293‌
Total
Latvia
(Cost
$13,227
)
11,293‌
LITHUANIA
0.0%
Corporate
Bonds
0.0%
PLT
VII
Finance,
4.625%,
1/5/26 (1)
200,000‌
204‌
Total
Lithuania
(Cost
$226
)
204‌
LUXEMBOURG
0.2%
Corporate
Bonds
0.2%
Altice
Financing,
4.25%,
8/15/29 (1)
365,000‌
319‌
Blackstone
Property
Partners
Europe
Holdings,
1.75%,
3/12/29 (2)
1,700,000‌
1,364‌
Total
Luxembourg
(Cost
$2,442
)
1,683‌
MALAYSIA
2.5%
Corporate
Bonds
0.0%
Axiata,
2.163%,
8/19/30
(USD) 
400,000‌
338‌
338‌
Government
Bonds
2.5%
Government
of
Malaysia,
Series
0120,
4.065%,
6/15/50 
19,074,000‌
4,071‌
Government
of
Malaysia,
Series
0216,
4.736%,
3/15/46 
70,374,000‌
16,748‌
Government
of
Malaysia,
Series
0318,
4.642%,
11/7/33 
15,499,000‌
3,720‌
24,539‌
Total
Malaysia
(Cost
$25,370
)
24,877‌
MEXICO
1.9%
Corporate
Bonds
0.3%
America
Movil,
5.75%,
6/28/30
(GBP) 
1,070,000‌
1,369‌
BBVA
Bancomer,
VR,
5.875%,
9/13/34
(USD) (3)
1,900,000‌
1,661‌
3,030‌
Government
Bonds
1.6%
Petroleos
Mexicanos,
4.75%,
2/26/29
(EUR) 
2,185,000‌
1,879‌
United
Mexican
States,
Series
M,
7.50%,
5/26/33 
145,159,000‌
7,349‌
United
Mexican
States,
Series
M
20,
8.50%,
5/31/29 
21,234,000‌
1,161‌
T.
ROWE
PRICE
International
Bond
Fund
9
Par/Shares
$
Value
(Cost
and
value
in
$000s)
United
Mexican
States,
Series
M
30,
8.50%,
11/18/38 
111,095,000‌
5,890‌
16,279‌
Total
Mexico
(Cost
$18,934
)
19,309‌
NETHERLANDS
0.3%
Corporate
Bonds
0.3%
LeasePlan,
VR,
7.375% (3)(4)
1,500,000‌
1,564‌
Nationale-Nederlanden
Bank,
0.375%,
2/26/25 
1,000,000‌
1,011‌
Trivium
Packaging
Finance,
3.75%,
8/15/26 (1)
175,000‌
175‌
Ziggo,
2.875%,
1/15/30 (2)
510,000‌
455‌
Total
Netherlands
(Cost
$3,624
)
3,205‌
NEW
ZEALAND
0.1%
Corporate
Bonds
0.1%
Chorus,
3.625%,
9/7/29
(EUR) 
1,290,000‌
1,366‌
Total
New
Zealand
(Cost
$1,353
)
1,366‌
NORTH
MACEDONIA
0.3%
Government
Bonds
0.3%
Republic
of
North
Macedonia,
1.625%,
3/10/28
(EUR) (1)
2,600,000‌
2,242‌
Republic
of
North
Macedonia,
6.96%,
3/13/27
(EUR) (1)
860,000‌
939‌
Total
North
Macedonia
(Cost
$4,009
)
3,181‌
NORWAY
0.1%
Corporate
Bonds
0.1%
Avinor,
0.75%,
10/1/30
(EUR) 
850,000‌
750‌
Total
Norway
(Cost
$745
)
750‌
PERU
0.1%
Corporate
Bonds
0.1%
Banco
de
Credito
del
Peru,
VR,
3.125%,
7/1/30
(USD) (3)
1,170,000‌
1,054‌
Total
Peru
(Cost
$1,176
)
1,054‌
PHILIPPINES
0.1%
Government
Bonds
0.1%
Republic
of
Philippines,
0.25%,
4/28/25
(EUR) 
910,000‌
913‌
Total
Philippines
(Cost
$1,092
)
913‌
T.
ROWE
PRICE
International
Bond
Fund
10
Par/Shares
$
Value
(Cost
and
value
in
$000s)
POLAND
0.0%
Corporate
Bonds
0.0%
InPost,
2.25%,
7/15/27
(EUR) (1)
365,000‌
338‌
Total
Poland
(Cost
$435
)
338‌
PORTUGAL
0.1%
Corporate
Bonds
0.1%
Banco
Comercial
Portugues,
VR,
6.888%,
12/7/27 (2)(3)
1,200,000‌
1,074‌
Total
Portugal
(Cost
$1,357
)
1,074‌
QATAR
0.1%
Corporate
Bonds
0.1%
QNB
Finance,
2.75%,
2/12/27
(USD) 
1,000,000‌
924‌
Total
Qatar
(Cost
$963
)
924‌
ROMANIA
1.6%
Government
Bonds
1.6%
Republic
of
Romania,
2.125%,
3/7/28
(EUR) (1)
1,510,000‌
1,401‌
Republic
of
Romania,
2.875%,
10/28/24
(EUR) 
305,000‌
326‌
Republic
of
Romania,
2.875%,
5/26/28
(EUR) (2)
3,700,000‌
3,536‌
Republic
of
Romania,
3.624%,
5/26/30
(EUR) 
4,101,000‌
3,774‌
Republic
of
Romania,
Series
15Y,
4.75%,
10/11/34 
37,045,000‌
6,439‌
Total
Romania
(Cost
$18,217
)
15,476‌
SAUDI
ARABIA
0.1%
Government
Bonds
0.1%
Saudi
Arabian
Oil,
4.25%,
4/16/39
(USD) 
1,000,000‌
898‌
Total
Saudi
Arabia
(Cost
$925
)
898‌
SENEGAL
0.2%
Government
Bonds
0.2%
Republic
of
Senegal,
4.75%,
3/13/28
(EUR) 
1,070,000‌
979‌
Republic
of
Senegal,
5.375%,
6/8/37
(EUR) 
1,530,000‌
1,070‌
Total
Senegal
(Cost
$2,001
)
2,049‌
T.
ROWE
PRICE
International
Bond
Fund
11
Par/Shares
$
Value
(Cost
and
value
in
$000s)
SERBIA
1.2%
Corporate
Bonds
0.1%
Summer
BidCo,
9.00%,
11/15/25,
(9.00%
Cash
or
9.75%
PIK)
(EUR) (5)
282,606‌
242‌
United
Group,
4.625%,
8/15/28
(EUR) (1)
650,000‌
524‌
766‌
Government
Bonds
1.1%
Republic
of
Serbia,
1.00%,
9/23/28
(EUR) (1)
4,900,000‌
4,112‌
Republic
of
Serbia,
1.50%,
6/26/29
(EUR) (1)
1,890,000‌
1,570‌
Republic
of
Serbia,
1.65%,
3/3/33
(EUR) 
2,090,000‌
1,500‌
Republic
of
Serbia,
2.05%,
9/23/36
(EUR) (1)
1,742,000‌
1,147‌
Republic
of
Serbia,
2.05%,
9/23/36
(EUR) 
2,450,000‌
1,613‌
Republic
of
Serbia,
Series
12.5,
4.50%,
8/20/32 
155,600,000‌
1,224‌
11,166‌
Total
Serbia
(Cost
$16,304
)
11,932‌
SINGAPORE
3.3%
Government
Bonds
3.3%
Government
of
Singapore,
0.50%,
11/1/25 
7,340,000‌
5,169‌
Government
of
Singapore,
1.625%,
7/1/31 
8,331,000‌
5,653‌
Government
of
Singapore,
2.375%,
6/1/25 
2,600,000‌
1,923‌
Government
of
Singapore,
2.875%,
7/1/29 
27,034,000‌
20,216‌
Total
Singapore
(Cost
$32,048
)
32,961‌
SLOVENIA
1.2%
Government
Bonds
1.2%
Republic
of
Slovenia,
Series
RS74,
1.50%,
3/25/35 
1,805,000‌
1,571‌
Republic
of
Slovenia,
Series
RS76,
3.125%,
8/7/45 
6,515,000‌
6,547‌
Republic
of
Slovenia,
Series
RS77,
2.25%,
3/3/32 
900,000‌
900‌
Republic
of
Slovenia,
Series
RS78,
1.75%,
11/3/40 
2,675,000‌
2,204‌
Republic
of
Slovenia,
Series
RS86,
0.00%,
2/12/31 
955,000‌
804‌
Total
Slovenia
(Cost
$15,548
)
12,026‌
SOUTH
AFRICA
1.0%
Corporate
Bonds
0.1%
Anglo
American
Capital,
3.375%,
3/11/29
(GBP) 
850,000‌
923‌
923‌
Government
Bonds
0.9%
Republic
of
South
Africa,
Series
R186,
10.50%,
12/21/26 
76,790,000‌
4,592‌
T.
ROWE
PRICE
International
Bond
Fund
12
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Republic
of
South
Africa,
Series
R213,
7.00%,
2/28/31 
84,275,000‌
3,920‌
8,512‌
Total
South
Africa
(Cost
$9,222
)
9,435‌
SPAIN
1.9%
Corporate
Bonds
0.8%
Abertis
Infraestructuras,
3.00%,
3/27/31 
1,300,000‌
1,285‌
Banco
de
Sabadell,
VR,
0.875%,
6/16/28 (3)
800,000‌
706‌
Banco
Santander,
1.125%,
1/17/25 
1,000,000‌
1,033‌
CaixaBank,
VR,
2.75%,
7/14/28 (3)
1,600,000‌
1,716‌
Cellnex
Telecom,
1.75%,
10/23/30 
1,600,000‌
1,386‌
Cirsa
Finance
International,
6.25%,
12/20/23 (1)
284,766‌
307‌
Inmobiliaria
Colonial
Socimi,
1.625%,
11/28/25 
1,500,000‌
1,535‌
7,968‌
Government
Bonds
1.1%
Kingdom
of
Spain,
0.00%,
1/31/28 
10,972,000‌
10,351‌
10,351‌
Total
Spain
(Cost
$19,173
)
18,319‌
SWEDEN
2.2%
Corporate
Bonds
0.2%
Akelius
Residential
Property,
1.75%,
2/7/25
(EUR) 
1,010,000‌
1,020‌
Tele2,
0.75%,
3/23/31
(EUR) 
610,000‌
512‌
Verisure
Holding,
3.875%,
7/15/26
(EUR) (1)
260,000‌
261‌
1,793‌
Government
Bonds
2.0%
Kingdom
of
Sweden,
Series
1056,
2.25%,
6/1/32 (2)
211,555,000‌
20,408‌
20,408‌
Total
Sweden
(Cost
$24,283
)
22,201‌
SWITZERLAND
0.3%
Corporate
Bonds
0.3%
ABB
Finance,
3.375%,
1/16/31
(EUR) 
700,000‌
743‌
Aquarius
&
Investments
for
Zurich
Insurance,
VR,
4.25%,
10/2/43
(EUR) (3)
1,069,000‌
1,147‌
Credit
Suisse
Group,
VR,
2.875%,
4/2/32
(EUR) (3)
1,115,000‌
1,004‌
Total
Switzerland
(Cost
$2,943
)
2,894‌
T.
ROWE
PRICE
International
Bond
Fund
13
Par/Shares
$
Value
(Cost
and
value
in
$000s)
THAILAND
2.0%
Corporate
Bonds
0.2%
Bangkok
Bank,
VR,
3.733%,
9/25/34
(USD) (2)(3)
1,750,000‌
1,487‌
1,487‌
Government
Bonds
1.8%
Kingdom
of
Thailand,
2.00%,
12/17/31 
500,073,000‌
14,292‌
Kingdom
of
Thailand,
3.65%,
6/20/31 
123,099,000‌
3,970‌
18,262‌
Total
Thailand
(Cost
$20,652
)
19,749‌
UNITED
ARAB
EMIRATES
0.1%
Corporate
Bonds
0.1%
EMG
SUKUK,
4.564%,
6/18/24
(USD) (2)
1,200,000‌
1,187‌
Total
United
Arab
Emirates
(Cost
$1,229
)
1,187‌
UNITED
KINGDOM
8.9%
Corporate
Bonds
1.8%
Barclays,
VR,
0.577%,
8/9/29
(EUR) (3)
820,000‌
710‌
Barclays,
VR,
0.877%,
1/28/28
(EUR) (3)
800,000‌
747‌
Bellis
Acquisition,
3.25%,
2/16/26 (1)
450,000‌
454‌
Deuce
Finco,
5.50%,
6/15/27 (1)
345,000‌
355‌
Eastern
Power
Networks,
5.75%,
3/8/24 
38,000‌
47‌
INEOS
Finance,
6.625%,
5/15/28
(EUR) (1)
365,000‌
399‌
Legal
&
General
Group,
VR,
5.375%,
10/27/45 (3)
525,000‌
631‌
Marks
&
Spencer,
6.00%,
6/12/25 
450,000‌
548‌
Nationwide
Building
Society,
VR,
2.00%,
7/25/29
(EUR) (3)
950,000‌
985‌
NatWest
Group,
VR,
0.67%,
9/14/29
(EUR) (3)
850,000‌
749‌
NatWest
Group,
VR,
0.78%,
2/26/30
(EUR) (3)
365,000‌
318‌
Next
Group,
3.625%,
5/18/28 
1,787,000‌
2,037‌
Next
Group,
4.375%,
10/2/26 
540,000‌
647‌
Santander
U.K.
Group
Holdings,
VR,
0.603%,
9/13/29
(EUR) (3)
1,050,000‌
907‌
Santander
U.K.
Group
Holdings,
VR,
2.421%,
1/17/29 (3)
530,000‌
559‌
Santander
U.K.
Group
Holdings,
VR,
3.53%,
8/25/28
(EUR) (3)
800,000‌
820‌
Severn
Trent
Utilities
Finance,
4.625%,
11/30/34 
960,000‌
1,119‌
Severn
Trent
Utilities
Finance,
6.125%,
2/26/24 
104,000‌
129‌
Sky,
1.875%,
11/24/23
(EUR) 
881,000‌
946‌
Standard
Chartered,
VR,
2.50%,
9/9/30
(EUR) (3)
1,500,000‌
1,525‌
Tesco
Corporate
Treasury
Services,
0.875%,
5/29/26
(EUR) 
1,000,000‌
986‌
Tesco
Corporate
Treasury
Services,
1.875%,
11/2/28 
950,000‌
988‌
Vmed
O2
U.K.
Financing
I,
4.50%,
7/15/31 (1)
1,095,000‌
1,075‌
T.
ROWE
PRICE
International
Bond
Fund
14
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Vmed
O2
U.K.
Financing
I,
4.50%,
7/15/31 
750,000‌
736‌
18,417‌
Government
Bonds
7.1%
United
Kingdom
Gilt,
0.625%,
6/7/25 
11,049,000‌
12,835‌
United
Kingdom
Gilt,
0.625%,
10/22/50 
4,665,000‌
2,659‌
United
Kingdom
Gilt,
1.50%,
7/22/26 
21,165,000‌
24,536‌
United
Kingdom
Gilt,
4.25%,
12/7/46 
367,792‌
482‌
United
Kingdom
Gilt,
Inflation-Indexed,
Series
3MO,
0.125%,
3/22/26 
5,544,604‌
6,907‌
United
Kingdom
Gilt,
Inflation-Indexed,
Series
3MO,
0.125%,
8/10/28 
17,891,716‌
22,646‌
70,065‌
Total
United
Kingdom
(Cost
$94,520
)
88,482‌
UNITED
STATES
3.5%
Corporate
Bonds
3.3%
AbbVie,
2.625%,
11/15/28
(EUR) 
995,000‌
1,021‌
American
Honda
Finance,
0.75%,
11/25/26
(GBP) 
796,000‌
854‌
American
Honda
Finance,
1.95%,
10/18/24
(EUR) (2)
847,000‌
896‌
Ardagh
Metal
Packaging
Finance
USA,
3.00%,
9/1/29
(EUR) (1)
1,130,000‌
908‌
Bank
of
America,
VR,
1.379%,
2/7/25
(EUR) (3)
1,414,000‌
1,499‌
Bank
of
America,
VR,
1.662%,
4/25/28
(EUR) (3)
750,000‌
736‌
Becton
Dickinson
&
Company,
3.02%,
5/24/25
(GBP) 
1,018,000‌
1,203‌
Becton
Dickinson
Euro
Finance,
1.213%,
2/12/36
(EUR) 
408,000‌
314‌
Berkshire
Hathaway
Finance,
1.50%,
3/18/30
(EUR) 
1,020,000‌
973‌
Bunge
Finance
Europe,
1.85%,
6/16/23
(EUR) 
2,070,000‌
2,236‌
Capital
One
Financial,
1.65%,
6/12/29
(EUR) 
2,100,000‌
1,766‌
Encore
Capital
Group,
4.875%,
10/15/25
(EUR) (1)(2)
540,000‌
533‌
Encore
Capital
Group,
5.375%,
2/15/26
(GBP) (1)
910,000‌
998‌
Fiserv,
0.375%,
7/1/23
(EUR) 
270,000‌
291‌
Fiserv,
3.00%,
7/1/31
(GBP) 
1,000,000‌
1,046‌
Ford
Motor
Credit,
4.867%,
8/3/27
(EUR) 
1,050,000‌
1,102‌
General
Motors
Financial,
0.85%,
2/26/26
(EUR) 
1,000,000‌
986‌
Goldman
Sachs
Group,
1.625%,
7/27/26
(EUR) 
1,204,000‌
1,220‌
Graphic
Packaging
International,
2.625%,
2/1/29
(EUR) (1)
625,000‌
580‌
Highland
Holdings,
0.318%,
12/15/26
(EUR) (2)
765,000‌
738‌
Medtronic
Global
Holdings,
0.375%,
10/15/28
(EUR) 
554,000‌
510‌
Metropolitan
Life
Global
Funding,
5.00%,
1/10/30
(GBP) 
100,000‌
123‌
Mondelez
International,
0.25%,
3/17/28
(EUR) 
925,000‌
847‌
Mondelez
International
Holdings
Netherlands,
0.25%,
9/9/29
(EUR) (1)
689,000‌
603‌
Morgan
Stanley,
VR,
0.406%,
10/29/27
(EUR) (3)
1,269,000‌
1,203‌
Morgan
Stanley,
VR,
5.148%,
1/25/34
(EUR) (3)
400,000‌
456‌
Netflix,
3.875%,
11/15/29
(EUR) 
1,425,000‌
1,517‌
T.
ROWE
PRICE
International
Bond
Fund
15
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Prologis,
2.25%,
6/30/29
(GBP) 
1,252,000‌
1,312‌
Thermo
Fisher
Scientific,
0.875%,
10/1/31
(EUR) 
955,000‌
833‌
Thermo
Fisher
Scientific,
2.375%,
4/15/32
(EUR) 
156,000‌
153‌
Thermo
Fisher
Scientific
Finance
I,
0.80%,
10/18/30
(EUR) 
593,000‌
530‌
Upjohn
Finance,
1.908%,
6/23/32
(EUR) 
880,000‌
734‌
Verizon
Communications,
1.30%,
5/18/33
(EUR) 
835,000‌
710‌
Verizon
Communications,
2.625%,
12/1/31
(EUR) 
750,000‌
746‌
VF,
4.125%,
3/7/26
(EUR) 
669,000‌
728‌
VF,
4.25%,
3/7/29
(EUR) 
695,000‌
752‌
Westlake,
1.625%,
7/17/29
(EUR) 
1,680,000‌
1,535‌
33,192‌
Municipal
Securities
0.2%
Puerto
Rico
Commonwealth,
GO,
VR,
11/1/43 (6)
3,929,813‌
1,709‌
1,709‌
Total
United
States
(Cost
$40,254
)
34,901‌
SHORT-TERM
INVESTMENTS
10.1%
Money
Market
Funds
9.2%
T.
Rowe
Price
Government
Reserve
Fund,
4.82% (7)(8)
90,882,632‌
90,883‌
90,883‌
U.S.
Treasury
Obligations
0.9%
U.S.
Treasury
Bills,
3.912%,
4/27/23 (9)
3,700,000‌
3,688‌
U.S.
Treasury
Bills,
4.51%,
4/4/23 (9)
5,250,000‌
5,249‌
8,937‌
Total
Short-Term
Investments
(Cost
$99,820)
99,820‌
SECURITIES
LENDING
COLLATERAL
2.8%
INVESTMENTS
IN
A
POOLED
ACCOUNT
THROUGH
SECURITIES
LENDING
PROGRAM
WITH
JPMORGAN
CHASE
BANK
2.8%
Money
Market
Funds
2.8%
T.
Rowe
Price
Government
Reserve
Fund,
4.82% (7)(8)
27,518,597‌
27,519‌
Total
Investments
in
a
Pooled
Account
through
Securities
Lending
Program
with
JPMorgan
Chase
Bank
27,519‌
Total
Securities
Lending
Collateral
(Cost
$27,519)
27,519‌
T.
ROWE
PRICE
International
Bond
Fund
16
(Amounts
in
000s,
except
for
contracts)
OPTIONS
PURCHASED
0.0%
OTC
Options
Purchased
0.0%
Counterparty
Description
Contracts
Notional
Amount
$
Value
Bank
of
America
USD
/
JPY
Put,
4/10/23
@
JPY132.00 (10)
1‌
9,000‌
51‌
Total
Options
Purchased
(Cost
$56)
51‌
Total
Investments
in
Securities
104.5%
(Cost
$1,099,190)
$
1,035,163‌
Other
Assets
Less
Liabilities
(4.5)%
(44,688)
Net
Assets
100.0%
$
990,475‌
‡
Country
classifications
are
generally
based
on
MSCI
categories
or
another
unaffiliated
third
party
data
provider;
Par/Shares
and
Notional
Amount
are
denominated
in
the
currency
of
the
country
presented
unless
otherwise
noted.
(1)
Security
was
purchased
pursuant
to
Rule
144A
under
the
Securities
Act
of
1933
and
may
be
resold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers.
Total
value
of
such
securities
at
period-end
amounts
to
$51,833
and
represents
5.2%
of
net
assets.
(2)
All
or
a
portion
of
this
security
is
on
loan
at
March
31,
2023.
(3)
Security
is
a
fix-to-float
security,
which
carries
a
fixed
coupon
until
a
certain
date,
upon
which
it
switches
to
a
floating
rate.
Reference
rate
and
spread
are
provided
if
the
rate
is
currently
floating.
(4)
Perpetual
security
with
no
stated
maturity
date.
(5)
Security
has
the
ability
to
pay
in-kind
or
pay
in
cash.
When
applicable,
separate
rates
of
such
payments
are
disclosed.
(6)
Contingent
value
instrument
that
only
pays
out
if
a
portion
of
the
territory's
Sales
and
Use
Tax
outperforms
the
projections
in
the
Oversight
Board’s
Certified
Fiscal
Plan.
(7)
Seven-day
yield
(8)
Affiliated
Companies
(9)
At
March
31,
2023,
all
or
a
portion
of
this
security
is
pledged
as
collateral
and/or
margin
deposit
to
cover
future
funding
obligations.
(10)
Non-income
producing
6M
CZK
PRIBOR
Six
month
CZK
PRIBOR
(Prague
interbank
offered
rate)
6M
EURIBOR
Six
month
EURIBOR
(Euro
interbank
offered
rate)
6M
PLN
WIBOR
Six
month
PLN
WIBOR
(Warsaw
interbank
offered
rate)
AUD
Australian
Dollar
BRL
Brazilian
Real
CAD
Canadian
Dollar
CHF
Swiss
Franc
CLP
Chilean
Peso
T.
ROWE
PRICE
International
Bond
Fund
17
.
.
.
.
.
.
.
.
.
.
CNH
Offshore
China
Renminbi
COP
Colombian
Peso
CPI
Consumer
Price
Index
CZK
Czech
Koruna
DKK
Danish
Krone
EUR
Euro
GBP
British
Pound
GBP
SONIA
Sterling
Overnight
Index
Average
GO
General
Obligation
HUF
Hungarian
Forint
IDR
Indonesian
Rupiah
ILS
Israeli
Shekel
INR
Indian
Rupee
JPY
Japanese
Yen
KRW
South
Korean
Won
MXIBTIIE
Mexican
Interbank
28
day
interest
rate
MXN
Mexican
Peso
MYR
Malaysian
Ringgit
NOK
Norwegian
Krone
NZD
New
Zealand
Dollar
OTC
Over-the-counter
PEN
Peruvian
New
Sol
PIK
Payment-in-kind
PLN
Polish
Zloty
RON
New
Romanian
Leu
RSD
Serbian
Dinar
SEK
Swedish
Krona
SGD
Singapore
Dollar
THB
Thai
Baht
TWD
Taiwan
Dollar
USD
U.S.
Dollar
VR
Variable
Rate;
rate
shown
is
effective
rate
at
period-end.
The
rates
for
certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
based
on
current
market
conditions.
ZAR
South
African
Rand
T.
ROWE
PRICE
International
Bond
Fund
18
(Amounts
in
000s)
SWAPS
(0.4)%
Description
Notional
Amount
$
Value
Upfront
Payments/
$
(Receipts)
Unrealized
$
Gain/(Loss)
BILATERAL
SWAPS
0.0%
Credit
Default
Swaps,
Protection
Sold
0.0%
Greece
0.0%
Bank
of
America,
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
12/20/24
(USD)
*
3,672
27
(53)
80‌
Bank
of
America,
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
12/20/29
(USD)
*
1,700
(47)
(57)
10‌
Barclays
Bank,
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
6/20/24
(USD)
*
380
3
(5)
8‌
Barclays
Bank,
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
12/20/24
(USD)
*
2,800
20
(6)
26‌
Citibank,
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
6/20/25
(USD)
*
1,356
11
(34)
45‌
Morgan
Stanley,
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
12/20/24
(USD)
*
833
6
(2)
8‌
Morgan
Stanley,
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
6/20/25
(USD)
*
572
4
(12)
16‌
Total
Greece
(169)
193‌
Total
Bilateral
Credit
Default
Swaps,
Protection
Sold
(169)
193‌
Total
Bilateral
Swaps
(169)
193‌
T.
ROWE
PRICE
International
Bond
Fund
19
(Amounts
in
000s)
Description
Notional
Amount
$
Value
Initial
$
Value
**
Unrealized
$
Gain/(Loss)
CENTRALLY
CLEARED
SWAPS
(0.4)%
Credit
Default
Swaps,
Protection
Sold
0.0%
Foreign/Europe
0.0%
Protection
Sold
(Relevant
Credit:
Markit
iTraxx
Europe-S38,
5
Year
Index),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
12/20/27
34,775
364
(6)
370‌
Protection
Sold
(Relevant
Credit:
Markit
iTraxx
Europe-S39,
5
Year
Index),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
6/20/28
1,800
15
13
2‌
Total
Foreign/Europe
372‌
Greece
0.0%
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
6/20/26
(USD)
*
1,600
8
17
(9‌)
Total
Greece
(9‌)
Total
Centrally
Cleared
Credit
Default
Swaps,
Protection
Sold
363‌
Interest
Rate
Swaps
(0.4)%
Czech
Republic
0.1%
5
Year
Interest
Rate
Swap,
Receive
Fixed
6.180%
Annually,
Pay
Variable
7.260%
(6M
CZK
PRIBOR)
Semi-Annually,
6/21/27
67,944
224
1
223‌
5
Year
Interest
Rate
Swap,
Receive
Fixed
6.285%
Annually,
Pay
Variable
7.260%
(6M
CZK
PRIBOR)
Semi-Annually,
6/22/27
34,180
120
—
120‌
5
Year
Interest
Rate
Swap,
Receive
Fixed
6.333%
Annually,
Pay
Variable
7.260%
(6M
CZK
PRIBOR)
Semi-Annually,
6/22/27
67,736
245
—
245‌
Total
Czech
Republic
588‌
Foreign/Europe
(0.5)%
4
Year
Interest
Rate
Swap,
Receive
Fixed
(0.144)%
Annually,
Pay
Variable
2.038%
(6M
EURIBOR)
Semi-Annually,
10/20/25
8,110
(817)
—
(817‌)
7
Year
Interest
Rate
Swap,
Receive
Fixed
2.638%
Annually,
Pay
Variable
2.519%
(6M
EURIBOR)
Semi-Annually,
12/17/29
7,350
(152)
—
(152‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
0.830%
Annually,
Pay
Variable
3.290%
(6M
EURIBOR)
Semi-Annually,
3/2/32
11,900
(2,159)
—
(2,159‌)
T.
ROWE
PRICE
International
Bond
Fund
20
(Amounts
in
000s)
Description
Notional
Amount
$
Value
Initial
$
Value**
Unrealized
$
Gain/(Loss)
10
Year
Interest
Rate
Swap,
Receive
Fixed
1.222%
Annually,
Pay
Variable
1.809%
(6M
EURIBOR)
Semi-Annually,
4/5/32
9,850
(1,418)
—
(1,418‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
1.627%
Annually,
Pay
Variable
2.057%
(6M
EURIBOR)
Semi-Annually,
4/21/32
3,623
(385)
—
(385‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.440%
Annually,
Pay
Variable
2.752%
(6M
EURIBOR)
Semi-Annually,
6/30/32
2,200
(69)
—
(69‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.683%
Annually,
Pay
Variable
2.436%
(6M
EURIBOR)
Semi-Annually,
11/30/32
700
(16)
—
(16‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.698%
Annually,
Pay
Variable
2.436%
(6M
EURIBOR)
Semi-Annually,
11/30/32
300
(7)
—
(7‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.702%
Annually,
Pay
Variable
2.338%
(6M
EURIBOR)
Semi-Annually,
11/24/32
843
(17)
1
(18‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.712%
Annually,
Pay
Variable
2.338%
(6M
EURIBOR)
Semi-Annually,
11/24/32
281
(5)
1
(6‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.730%
Annually,
Pay
Variable
2.327%
(6M
EURIBOR)
Semi-Annually,
11/23/32
13,600
(244)
—
(244‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.735%
Annually,
Pay
Variable
2.294%
(6M
EURIBOR)
Semi-Annually,
11/22/32
750
(13)
—
(13‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.796%
Annually,
Pay
Variable
2.300%
(6M
EURIBOR)
Semi-Annually,
11/17/32
473
(6)
—
(6‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.803%
Annually,
Pay
Variable
2.311%
(6M
EURIBOR)
Semi-Annually,
11/18/32
803
(8)
1
(9‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
3.025%
Annually,
Pay
Variable
0.000%
(6M
EURIBOR)
Semi-Annually,
4/4/33
4,500
30
—
30‌
Total
Foreign/Europe
(5,289‌)
Mexico
(0.1)%
7
Year
Interest
Rate
Swap,
Receive
Fixed
5.499%
28
Days,
Pay
Variable
11.320%
(MXIBTIIE)
28
Days,
5/4/27
100,000
(630)
1
(631‌)
Total
Mexico
(631‌)
Poland
0.1%
10
Year
Interest
Rate
Swap,
Pay
Fixed
1.775%
Annually,
Receive
Variable
7.570%
(6M
PLN
WIBOR)
Semi-Annually,
10/22/29
5,882
301
1
300‌
T.
ROWE
PRICE
International
Bond
Fund
21
(Amounts
in
000s)
Description
Notional
Amount
$
Value
Initial
$
Value**
Unrealized
$
Gain/(Loss)
10
Year
Interest
Rate
Swap,
Pay
Fixed
1.780%
Annually,
Receive
Variable
7.570%
(6M
PLN
WIBOR)
Semi-Annually,
10/22/29
4,118
210
—
210‌
10
Year
Interest
Rate
Swap,
Pay
Fixed
1.803%
Annually,
Receive
Variable
7.780%
(6M
PLN
WIBOR)
Semi-Annually,
11/5/29
2,089
106
—
106‌
10
Year
Interest
Rate
Swap,
Pay
Fixed
1.820%
Annually,
Receive
Variable
7.780%
(6M
PLN
WIBOR)
Semi-Annually,
11/5/29
2,089
106
1
105‌
10
Year
Interest
Rate
Swap,
Pay
Fixed
1.860%
Annually,
Receive
Variable
7.780%
(6M
PLN
WIBOR)
Semi-Annually,
11/7/29
2,057
102
—
102‌
10
Year
Interest
Rate
Swap,
Pay
Fixed
3.158%
Annually,
Receive
Variable
6.990%
(6M
PLN
WIBOR)
Semi-Annually,
2/14/28
14,789
348
—
348‌
Total
Poland
1,171‌
United
Kingdom
(0.0)%
2
Year
Interest
Rate
Swap,
Receive
Fixed
3.955%
Annually,
Pay
Variable
3.914%
(GBP
SONIA)
Annually,
1/27/25
50,282
(401)
—
(401‌)
Total
United
Kingdom
(401‌)
Total
Centrally
Cleared
Interest
Rate
Swaps
(4,562‌)
Total
Centrally
Cleared
Swaps
(4,199‌)
Net
payments
(receipts)
of
variation
margin
to
date
4,699‌
Variation
margin
receivable
(payable)
on
centrally
cleared
swaps
$
500‌
*
Credit
ratings
as
of
March
31,
2023.
Ratings
shown
are
from
Moody’s
Investors
Service
and
if
Moody’s
does
not
rate
a
security,
then
Standard
&
Poor’s
(S&P)
is
used.
Fitch
is
used
for
securities
that
are
not
rated
by
either
Moody’s
or
S&P.
**
Includes
interest
purchased
or
sold
but
not
yet
collected
of
$7.
T.
ROWE
PRICE
International
Bond
Fund
22
(Amounts
in
000s)
FORWARD
CURRENCY
EXCHANGE
CONTRACTS
Counterparty
Settlement
Receive
Deliver
Unrealized
Gain/(Loss)
Bank
of
America
4/6/23
USD
570‌
IDR
8,502,904‌
$
3‌
Bank
of
America
4/6/23
USD
3,392‌
IDR
51,451,339‌
(40‌)
Bank
of
America
4/6/23
USD
613‌
INR
50,340‌
1‌
Bank
of
America
4/7/23
TWD
207,947‌
USD
6,865‌
(36‌)
Bank
of
America
4/7/23
USD
6,835‌
TWD
207,947‌
6‌
Bank
of
America
4/13/23
RON
6,465‌
USD
1,400‌
17‌
Bank
of
America
4/14/23
CZK
37,408‌
USD
1,681‌
47‌
Bank
of
America
4/14/23
MXN
44,108‌
USD
2,344‌
98‌
Bank
of
America
4/21/23
CAD
12,699‌
USD
9,338‌
60‌
Bank
of
America
4/21/23
JPY
2,501,295‌
USD
19,329‌
(425‌)
Bank
of
America
4/21/23
USD
4,434‌
AUD
6,325‌
202‌
Bank
of
America
4/21/23
USD
1,288‌
JPY
169,389‌
8‌
Bank
of
America
5/19/23
EUR
846‌
USD
896‌
25‌
Bank
of
America
5/19/23
GBP
5,744‌
USD
7,066‌
27‌
Bank
of
America
5/19/23
USD
442‌
EUR
409‌
(3‌)
Bank
of
America
5/19/23
USD
126‌
GBP
101‌
—‌
Bank
of
America
7/7/23
KRW
6,346,901‌
USD
4,926‌
(39‌)
Bank
of
America
7/7/23
USD
6,955‌
TWD
207,947‌
70‌
Barclays
Bank
4/6/23
USD
1,400‌
IDR
21,540,415‌
(37‌)
Barclays
Bank
4/7/23
KRW
23,140,192‌
USD
18,593‌
(826‌)
Barclays
Bank
4/14/23
USD
971‌
ZAR
17,723‌
(23‌)
Barclays
Bank
5/19/23
USD
4,508‌
EUR
4,169‌
(26‌)
Barclays
Bank
5/19/23
USD
1,041‌
GBP
843‌
—‌
Barclays
Bank
6/9/23
USD
4,548‌
ZAR
83,222‌
(97‌)
Barclays
Bank
6/16/23
USD
7,225‌
SGD
9,765‌
(131‌)
Barclays
Bank
7/7/23
IDR
15,759,036‌
USD
1,046‌
6‌
BNP
Paribas
4/6/23
IDR
6,821,361‌
USD
450‌
5‌
BNP
Paribas
4/7/23
KRW
6,004,007‌
USD
4,604‌
6‌
BNP
Paribas
4/13/23
USD
360‌
RON
1,634‌
2‌
BNP
Paribas
4/13/23
USD
2,247‌
RON
10,357‌
(23‌)
BNP
Paribas
4/14/23
CNH
76,112‌
USD
11,083‌
3‌
BNP
Paribas
4/14/23
CZK
43,487‌
USD
1,943‌
65‌
BNP
Paribas
4/14/23
HUF
736,176‌
USD
2,082‌
9‌
BNP
Paribas
4/14/23
USD
425‌
HUF
148,429‌
3‌
BNP
Paribas
4/14/23
USD
4,708‌
MXN
89,133‌
(225‌)
BNP
Paribas
4/21/23
AUD
2,788‌
USD
1,873‌
(8‌)
BNP
Paribas
4/21/23
CAD
10,243‌
USD
7,525‌
56‌
BNP
Paribas
4/21/23
JPY
1,409,043‌
USD
10,652‌
(3‌)
BNP
Paribas
4/21/23
USD
8,437‌
JPY
1,074,344‌
318‌
BNP
Paribas
5/19/23
EUR
125,983‌
USD
135,287‌
1,724‌
BNP
Paribas
5/19/23
EUR
18,093‌
USD
19,790‌
(113‌)
BNP
Paribas
5/19/23
GBP
3,351‌
USD
4,157‌
(19‌)
BNP
Paribas
5/19/23
SEK
47,152‌
USD
4,553‌
2‌
T.
ROWE
PRICE
International
Bond
Fund
23
(Amounts
in
000s)
FORWARD
CURRENCY
EXCHANGE
CONTRACTS
(CONTINUED)
Counterparty
Settlement
Receive
Deliver
Unrealized
Gain/(Loss)
BNP
Paribas
5/19/23
USD
32,419‌
EUR
30,389‌
$
(630‌)
BNP
Paribas
6/2/23
USD
1,508‌
BRL
7,905‌
(34‌)
BNP
Paribas
6/9/23
USD
627‌
COP
3,012,464‌
(11‌)
BNP
Paribas
7/7/23
USD
818‌
IDR
12,254,572‌
—‌
BNY
Mellon
5/19/23
USD
761‌
GBP
616‌
—‌
BNY
Mellon
5/19/23
USD
2,326‌
SEK
24,027‌
5‌
Canadian
Imperial
Bank
of
Commerce
4/21/23
CAD
298‌
USD
219‌
2‌
Canadian
Imperial
Bank
of
Commerce
4/21/23
USD
5,818‌
CAD
7,763‌
72‌
Canadian
Imperial
Bank
of
Commerce
4/21/23
USD
617‌
CAD
843‌
(7‌)
Citibank
4/5/23
PEN
4,273‌
USD
1,123‌
12‌
Citibank
4/5/23
USD
1,138‌
PEN
4,273‌
3‌
Citibank
4/6/23
USD
604‌
INR
49,637‌
—‌
Citibank
4/7/23
KRW
6,179,215‌
USD
4,816‌
(72‌)
Citibank
4/14/23
CNH
116,228‌
USD
16,835‌
94‌
Citibank
4/14/23
CNH
62,572‌
USD
9,158‌
(44‌)
Citibank
4/14/23
CZK
247,787‌
USD
11,058‌
384‌
Citibank
4/14/23
DKK
23,298‌
USD
3,387‌
8‌
Citibank
4/14/23
HUF
4,686,586‌
USD
12,871‌
444‌
Citibank
4/14/23
MXN
44,108‌
USD
2,344‌
97‌
Citibank
4/14/23
USD
1,399‌
MXN
27,255‌
(109‌)
Citibank
4/14/23
USD
1,876‌
ZAR
34,225‌
(44‌)
Citibank
4/20/23
ILS
1,023‌
USD
300‌
(15‌)
Citibank
4/20/23
USD
12,674‌
ILS
44,329‌
341‌
Citibank
4/21/23
AUD
9,960‌
USD
6,681‌
(19‌)
Citibank
4/21/23
USD
18,533‌
JPY
2,342,668‌
828‌
Citibank
5/12/23
USD
889‌
RSD
98,027‌
(17‌)
Citibank
5/19/23
EUR
17,322‌
USD
18,607‌
232‌
Citibank
5/19/23
USD
8,630‌
EUR
8,097‌
(176‌)
Citibank
7/7/23
PEN
4,273‌
USD
1,131‌
(3‌)
Deutsche
Bank
4/6/23
USD
1,297‌
IDR
19,985,886‌
(36‌)
Deutsche
Bank
4/14/23
CNH
10,487‌
USD
1,527‌
—‌
Deutsche
Bank
4/14/23
CZK
150,198‌
USD
6,928‌
7‌
Deutsche
Bank
4/21/23
USD
6,946‌
JPY
885,699‌
252‌
Deutsche
Bank
5/19/23
EUR
12,356‌
USD
13,283‌
154‌
Deutsche
Bank
5/19/23
SEK
56,069‌
USD
5,435‌
(18‌)
Deutsche
Bank
5/19/23
USD
6,949‌
EUR
6,479‌
(97‌)
Deutsche
Bank
6/9/23
MYR
6,311‌
USD
1,429‌
10‌
Deutsche
Bank
6/9/23
USD
1,408‌
MYR
6,191‌
(3‌)
Deutsche
Bank
6/9/23
USD
6,428‌
THB
221,889‌
(108‌)
Deutsche
Bank
9/1/23
USD
1,873‌
INR
156,461‌
(13‌)
T.
ROWE
PRICE
International
Bond
Fund
24
(Amounts
in
000s)
FORWARD
CURRENCY
EXCHANGE
CONTRACTS
(CONTINUED)
Counterparty
Settlement
Receive
Deliver
Unrealized
Gain/(Loss)
Goldman
Sachs
4/6/23
USD
565‌
IDR
8,443,281‌
$
1‌
Goldman
Sachs
4/6/23
USD
982‌
INR
81,409‌
(8‌)
Goldman
Sachs
4/7/23
TWD
347,251‌
USD
11,442‌
(38‌)
Goldman
Sachs
4/7/23
USD
4,587‌
KRW
5,658,462‌
242‌
Goldman
Sachs
4/7/23
USD
11,469‌
TWD
347,251‌
65‌
Goldman
Sachs
4/14/23
USD
16,173‌
CZK
367,424‌
(793‌)
Goldman
Sachs
4/14/23
USD
1,536‌
MXN
28,260‌
(28‌)
Goldman
Sachs
4/21/23
JPY
2,800,056‌
USD
20,830‌
332‌
Goldman
Sachs
4/21/23
USD
2,179‌
JPY
288,403‌
—‌
Goldman
Sachs
5/19/23
USD
413‌
EUR
379‌
1‌
Goldman
Sachs
5/19/23
USD
107‌
EUR
99‌
—‌
Goldman
Sachs
6/2/23
USD
1,381‌
BRL
7,340‌
(50‌)
Goldman
Sachs
6/9/23
USD
507‌
COP
2,417,268‌
(4‌)
Goldman
Sachs
6/9/23
USD
6,424‌
THB
221,889‌
(111‌)
Goldman
Sachs
7/7/23
USD
6,801‌
TWD
203,452‌
65‌
HSBC
Bank
4/6/23
IDR
58,445,286‌
USD
3,875‌
24‌
HSBC
Bank
4/6/23
INR
343,186‌
USD
4,184‌
(9‌)
HSBC
Bank
4/6/23
USD
3,486‌
IDR
53,286,983‌
(69‌)
HSBC
Bank
4/6/23
USD
987‌
INR
80,969‌
2‌
HSBC
Bank
4/7/23
TWD
267,600‌
USD
8,796‌
(8‌)
HSBC
Bank
4/7/23
USD
4,419‌
KRW
5,458,360‌
228‌
HSBC
Bank
4/7/23
USD
4,399‌
TWD
132,778‌
38‌
HSBC
Bank
4/7/23
USD
4,426‌
TWD
134,822‌
(1‌)
HSBC
Bank
4/14/23
CNH
29,647‌
USD
4,340‌
(22‌)
HSBC
Bank
4/14/23
USD
1,635‌
MXN
31,797‌
(125‌)
HSBC
Bank
4/14/23
USD
945‌
ZAR
17,076‌
(13‌)
HSBC
Bank
4/21/23
JPY
2,799,842‌
USD
21,496‌
(337‌)
HSBC
Bank
5/19/23
USD
751‌
EUR
688‌
2‌
HSBC
Bank
5/19/23
USD
2,446‌
EUR
2,281‌
(35‌)
HSBC
Bank
5/19/23
USD
2,488‌
GBP
2,024‌
(12‌)
HSBC
Bank
6/2/23
USD
1,382‌
BRL
7,340‌
(50‌)
HSBC
Bank
6/9/23
USD
3,234‌
MYR
14,419‌
(53‌)
HSBC
Bank
6/16/23
USD
19,941‌
SGD
26,877‌
(306‌)
HSBC
Bank
7/7/23
KRW
1,916,851‌
USD
1,484‌
(8‌)
HSBC
Bank
7/7/23
USD
3,870‌
IDR
58,445,286‌
(31‌)
HSBC
Bank
7/7/23
USD
1,155‌
TWD
34,808‌
2‌
HSBC
Bank
9/1/23
INR
30,107‌
USD
364‌
(1‌)
HSBC
Bank
9/1/23
USD
1,301‌
INR
108,120‌
(3‌)
JPMorgan
Chase
4/13/23
USD
2,261‌
RON
10,409‌
(19‌)
JPMorgan
Chase
4/14/23
CNH
13,740‌
USD
2,028‌
(27‌)
JPMorgan
Chase
4/14/23
CZK
28,392‌
USD
1,315‌
(4‌)
JPMorgan
Chase
4/14/23
HUF
171,225‌
USD
489‌
(3‌)
JPMorgan
Chase
4/14/23
USD
371‌
CNH
2,495‌
7‌
T.
ROWE
PRICE
International
Bond
Fund
25
(Amounts
in
000s)
FORWARD
CURRENCY
EXCHANGE
CONTRACTS
(CONTINUED)
Counterparty
Settlement
Receive
Deliver
Unrealized
Gain/(Loss)
JPMorgan
Chase
4/14/23
USD
2,323‌
CNH
16,000‌
$
(7‌)
JPMorgan
Chase
4/21/23
AUD
1,092‌
USD
757‌
(27‌)
JPMorgan
Chase
4/21/23
CAD
374‌
USD
276‌
—‌
JPMorgan
Chase
4/21/23
CAD
769‌
USD
577‌
(8‌)
JPMorgan
Chase
4/21/23
CHF
1,031‌
USD
1,131‌
(2‌)
JPMorgan
Chase
5/19/23
EUR
787‌
USD
857‌
(1‌)
JPMorgan
Chase
5/19/23
GBP
374‌
USD
463‌
(1‌)
JPMorgan
Chase
5/19/23
SEK
6,860‌
USD
663‌
(1‌)
JPMorgan
Chase
5/19/23
USD
87‌
EUR
79‌
—‌
JPMorgan
Chase
5/19/23
USD
1,447‌
GBP
1,171‌
1‌
JPMorgan
Chase
5/19/23
USD
187‌
GBP
152‌
—‌
JPMorgan
Chase
6/9/23
USD
47‌
COP
224,895‌
(1‌)
JPMorgan
Chase
6/16/23
CNH
12,194‌
USD
1,787‌
(1‌)
JPMorgan
Chase
6/16/23
SGD
684‌
USD
516‌
(1‌)
JPMorgan
Chase
6/16/23
USD
1,708‌
SGD
2,264‌
2‌
Morgan
Stanley
4/14/23
CNH
10,051‌
USD
1,445‌
19‌
Morgan
Stanley
4/14/23
MXN
22,590‌
USD
1,251‌
(1‌)
Morgan
Stanley
4/14/23
USD
1,634‌
MXN
31,797‌
(125‌)
Morgan
Stanley
4/21/23
AUD
6,199‌
USD
4,309‌
(162‌)
Morgan
Stanley
4/21/23
JPY
191,597‌
USD
1,477‌
(29‌)
Morgan
Stanley
4/21/23
USD
12,546‌
AUD
18,009‌
498‌
Morgan
Stanley
4/21/23
USD
668‌
AUD
999‌
—‌
Morgan
Stanley
4/21/23
USD
4,252‌
CAD
5,759‌
(11‌)
Morgan
Stanley
5/19/23
EUR
215‌
USD
231‌
3‌
Morgan
Stanley
5/19/23
USD
6,814‌
EUR
6,235‌
33‌
Morgan
Stanley
5/19/23
USD
347‌
EUR
319‌
—‌
Morgan
Stanley
5/19/23
USD
7,452‌
GBP
6,015‌
24‌
Morgan
Stanley
6/2/23
USD
1,611‌
BRL
8,524‌
(52‌)
Morgan
Stanley
6/9/23
COP
4,271,535‌
USD
862‌
42‌
Morgan
Stanley
7/14/23
USD
1,229‌
MXN
22,590‌
1‌
RBC
Dominion
Securities
4/21/23
CAD
25,421‌
USD
18,588‌
227‌
RBC
Dominion
Securities
4/21/23
JPY
107,670‌
USD
787‌
26‌
RBC
Dominion
Securities
4/21/23
NZD
4,448‌
USD
2,835‌
(53‌)
RBC
Dominion
Securities
4/21/23
USD
2,182‌
AUD
3,250‌
8‌
RBC
Dominion
Securities
4/21/23
USD
5,800‌
CAD
7,763‌
54‌
RBC
Dominion
Securities
5/19/23
USD
1,558‌
EUR
1,428‌
5‌
Societe
Generale
4/21/23
USD
1,489‌
JPY
195,362‌
13‌
Standard
Chartered
4/6/23
IDR
105,066,321‌
USD
6,786‌
223‌
Standard
Chartered
4/14/23
USD
1,018‌
CNH
6,984‌
1‌
Standard
Chartered
6/9/23
MYR
41,986‌
USD
9,492‌
80‌
Standard
Chartered
6/9/23
USD
14,489‌
MYR
64,511‌
(219‌)
State
Street
4/14/23
CNH
469,570‌
USD
69,565‌
(1,169‌)
State
Street
4/14/23
HUF
226,833‌
USD
629‌
15‌
T.
ROWE
PRICE
International
Bond
Fund
26
(Amounts
in
000s)
FORWARD
CURRENCY
EXCHANGE
CONTRACTS
(CONTINUED)
Counterparty
Settlement
Receive
Deliver
Unrealized
Gain/(Loss)
State
Street
4/14/23
MXN
173,719‌
USD
9,311‌
$
303‌
State
Street
4/14/23
USD
3,801‌
HUF
1,455,633‌
(334‌)
State
Street
4/21/23
CAD
12,462‌
USD
9,152‌
72‌
State
Street
4/21/23
JPY
2,030,031‌
USD
15,991‌
(650‌)
State
Street
4/21/23
NOK
16,159‌
USD
1,634‌
(89‌)
State
Street
4/21/23
USD
40,991‌
CAD
54,999‌
284‌
State
Street
4/21/23
USD
3,539‌
JPY
467,554‌
6‌
State
Street
5/19/23
EUR
6,622‌
USD
7,054‌
148‌
State
Street
5/19/23
GBP
15,492‌
USD
18,803‌
327‌
State
Street
5/19/23
USD
5,370‌
EUR
4,919‌
21‌
State
Street
5/19/23
USD
19,049‌
EUR
17,727‌
(229‌)
State
Street
5/19/23
USD
43,198‌
GBP
35,971‌
(1,221‌)
State
Street
6/2/23
USD
5,265‌
BRL
28,291‌
(253‌)
State
Street
6/16/23
SGD
12,358‌
USD
9,242‌
68‌
UBS
Investment
Bank
4/6/23
USD
462‌
IDR
7,122,161‌
(13‌)
UBS
Investment
Bank
4/6/23
USD
985‌
INR
80,832‌
2‌
UBS
Investment
Bank
4/13/23
USD
1,635‌
RON
7,544‌
(17‌)
UBS
Investment
Bank
4/14/23
CNH
3,763‌
USD
543‌
5‌
UBS
Investment
Bank
4/14/23
HUF
1,398,618‌
USD
3,848‌
125‌
UBS
Investment
Bank
4/14/23
USD
884‌
CZK
19,125‌
1‌
UBS
Investment
Bank
4/14/23
USD
7,417‌
HUF
2,889,540‌
(792‌)
UBS
Investment
Bank
4/14/23
USD
5,213‌
MXN
97,234‌
(168‌)
UBS
Investment
Bank
4/20/23
ILS
17,264‌
USD
4,763‌
40‌
UBS
Investment
Bank
4/20/23
USD
949‌
ILS
3,399‌
3‌
UBS
Investment
Bank
4/21/23
AUD
16,145‌
USD
10,684‌
116‌
UBS
Investment
Bank
4/21/23
AUD
6,850‌
USD
4,727‌
(144‌)
UBS
Investment
Bank
4/21/23
CHF
19,754‌
USD
21,495‌
144‌
UBS
Investment
Bank
4/21/23
JPY
110,858‌
USD
820‌
18‌
UBS
Investment
Bank
4/21/23
JPY
296,190‌
USD
2,326‌
(88‌)
UBS
Investment
Bank
4/21/23
USD
17,280‌
AUD
24,544‌
861‌
UBS
Investment
Bank
4/21/23
USD
13,866‌
CHF
12,654‌
5‌
UBS
Investment
Bank
4/21/23
USD
5,146‌
JPY
654,424‌
201‌
UBS
Investment
Bank
5/5/23
CLP
741,457‌
USD
924‌
6‌
UBS
Investment
Bank
5/12/23
PLN
20,340‌
USD
4,655‌
45‌
UBS
Investment
Bank
5/12/23
USD
7,284‌
PLN
32,078‌
(128‌)
UBS
Investment
Bank
5/19/23
GBP
355‌
USD
431‌
8‌
UBS
Investment
Bank
5/19/23
USD
7,023‌
EUR
6,507‌
(54‌)
UBS
Investment
Bank
5/19/23
USD
12,813‌
SEK
131,603‌
100‌
UBS
Investment
Bank
6/9/23
USD
479‌
COP
2,263,200‌
—‌
Wells
Fargo
4/14/23
USD
1,445‌
MXN
27,053‌
(52‌)
Wells
Fargo
6/9/23
USD
322‌
COP
1,505,946‌
3‌
T.
ROWE
PRICE
International
Bond
Fund
27
(Amounts
in
000s)
FORWARD
CURRENCY
EXCHANGE
CONTRACTS
(CONTINUED)
Counterparty
Settlement
Receive
Deliver
Unrealized
Gain/(Loss)
Wells
Fargo
6/9/23
USD
877‌
COP
4,344,700‌
$
(43‌)
Net
unrealized
gain
(loss)
on
open
forward
currency
exchange
contracts
$
(940‌)
T.
ROWE
PRICE
International
Bond
Fund
28
FUTURES
CONTRACTS
($000s)
Expiration
Date
Notional
Amount
Value
and
Unrealized
Gain
(Loss)
Short,
1,016
Australian
three
years
Treasury
Bond
Index
contracts
6/23
(73,902)
$
(845‌)
Long,
154
Commonwealth
of
Australia
ten
year
bond
contracts
6/23
12,650
323‌
Short,
22
Euro
BOBL
contracts
6/23
(2,812)
(62‌)
Long,
13
Euro
BTP
contracts
6/23
1,626
10‌
Short,
51
Euro
BUND
contracts
6/23
(7,513)
20‌
Short,
161
Euro
SCHATZ
contracts
6/23
(18,455)
(174‌)
Long,
14
Government
of
Canada
ten
year
bond
contracts
6/23
1,307
25‌
Short,
43
Government
of
Japan
ten
year
bond
contracts
6/23
(47,969)
(802‌)
Long,
299
Republic
of
South
Korea
ten
year
bond
contracts
6/23
26,148
103‌
Short,
226
Republic
of
South
Korea
three
year
bond
contracts
6/23
(18,207)
(24‌)
Short,
174
U.K.
Gilt
ten
year
contracts
6/23
(22,184)
(552‌)
Short,
197
U.S.
Treasury
Notes
ten
year
contracts
6/23
(22,640)
(631‌)
Net
payments
(receipts)
of
variation
margin
to
date
2,481‌
Variation
margin
receivable
(payable)
on
open
futures
contracts
$
(128‌)
T.
ROWE
PRICE
International
Bond
Fund
29
The
accompanying
notes
are
an
integral
part
of
this
Portfolio
of
Investments.
AFFILIATED
COMPANIES
($000s)
The
fund
may
invest
in
certain
securities
that
are
considered
affiliated
companies.
As
defined
by
the
1940
Act,
an
affiliated
company
is
one
in
which
the
fund
owns
5%
or
more
of
the
outstanding
voting
securities,
or
a
company
that
is
under
common
ownership
or
control.
The
following
securities
were
considered
affiliated
companies
for
all
or
some
portion
of
the
three
months
ended
March
31,
2023.
Net
realized
gain
(loss),
investment
income,
change
in
net
unrealized
gain/loss,
and
purchase
and
sales
cost
reflect
all
activity
for
the
period
then
ended.
Affiliate
Net
Realized
Gain
(Loss)
Change
in
Net
Unrealized
Gain/Loss
Investment
Income
T.
Rowe
Price
Government
Reserve
Fund,
4.82%
$
—‌
$
—‌
$
311‌++
Totals
$
—‌#
$
—‌
$
311‌+
Supplementary
Investment
Schedule
Affiliate
Value
12/31/22
Purchase
Cost
Sales
Cost
Value
03/31/23
T.
Rowe
Price
Government
Reserve
Fund,
4.82%
$
57,376‌
 ¤
 ¤
$
118,402‌
Total
$
118,402‌^
#
Capital
gain
distributions
from
underlying
Price
funds
represented
$0
of
the
net
realized
gain
(loss).
++
Excludes
earnings
on
securities
lending
collateral,
which
are
subject
to
rebates
and
fees.
+
Investment
income
comprised
$311
of
dividend
income
and
$0
of
interest
income.
¤
Purchase
and
sale
information
not
shown
for
cash
management
funds.
^
The
cost
basis
of
investments
in
affiliated
companies
was
$118,402.
T.
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PRICE
International
Bond
Fund
Unaudited
Notes
to
Portfolio
of
Investments
30
T.
Rowe
Price
International
Bond
Fund (the
fund) is
registered
under
the
Investment
Company
Act
of
1940
(the
1940
Act)
as
an
open-end
management
investment
company
and
follows
accounting
and
reporting
guidance
of
the
Financial
Accounting
Standards
Board
Accounting
Standards
Codification
Topic
946.
The
accompanying
Portfolio
of
Investments
was
prepared
in
accordance
with
accounting
principles
generally
accepted
in
the
United
States
of
America
(GAAP).
For
additional
information
on
the
fund’s
significant
accounting
policies
and
investment
related
disclosures,
please
refer
to
the
fund’s most
recent
semiannual
or
annual
shareholder
report
and
its
prospectus. 
VALUATION 
Fair
Value
  The
fund’s
financial
instruments
are
valued
at
the
close
of
the
New
York
Stock
Exchange
(NYSE),
normally
4
p.m.
ET,
each
day
the
NYSE
is
open
for
business,
and
are
reported
at
fair
value,
which
GAAP
defines
as
the
price
that
would
be
received
to
sell
an
asset
or
paid
to
transfer
a
liability
in
an
orderly
transaction
between
market
participants
at
the
measurement
date. The fund’s
Board
of
Directors
(the
Board)
has
designated
T.
Rowe
Price
Associates,
Inc.
as
the
fund’s
valuation
designee
(Valuation
Designee).
Subject
to
oversight
by
the
Board,
the
Valuation
Designee
performs
the
following
functions
in
performing
fair
value
determinations:
assesses
and
manages
valuation
risks;
establishes
and
applies
fair
value
methodologies;
tests
fair
value
methodologies;
and
evaluates
pricing
vendors
and
pricing
agents.
The
duties
and
responsibilities
of
the
Valuation
Designee
are
performed
by
its
Valuation
Committee. The
Valuation
Designee provides
periodic
reporting
to
the
Board
on
valuation
matters.
Various
valuation
techniques
and
inputs
are
used
to
determine
the
fair
value
of
financial
instruments.
GAAP
establishes
the
following
fair
value
hierarchy
that
categorizes
the
inputs
used
to
measure
fair
value:
Level
1
–
quoted
prices
(unadjusted)
in
active
markets
for
identical
financial
instruments
that
the
fund
can
access
at
the
reporting
date
Level
2
–
inputs
other
than
Level
1
quoted
prices
that
are
observable,
either
directly
or
indirectly
(including,
but
not
limited
to,
quoted
prices
for
similar
financial
instruments
in
active
markets,
quoted
prices
for
identical
or
similar
financial
instruments
in
inactive
markets,
interest
rates
and
yield
curves,
implied
volatilities,
and
credit
spreads)
Level
3
–
unobservable
inputs
(including
the Valuation
Designee’s assumptions
in
determining
fair
value)
T.
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31
Observable
inputs
are
developed
using
market
data,
such
as
publicly
available
information
about
actual
events
or
transactions,
and
reflect
the
assumptions
that
market
participants
would
use
to
price
the
financial
instrument.
Unobservable
inputs
are
those
for
which
market
data
are
not
available
and
are
developed
using
the
best
information
available
about
the
assumptions
that
market
participants
would
use
to
price
the
financial
instrument.
GAAP
requires
valuation
techniques
to
maximize
the
use
of
relevant
observable
inputs
and
minimize
the
use
of
unobservable
inputs.
When
multiple
inputs
are
used
to
derive
fair
value,
the
financial
instrument
is
assigned
to
the
level
within
the
fair
value
hierarchy
based
on
the
lowest-level
input
that
is
significant
to
the
fair
value
of
the
financial
instrument.
Input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level
but
rather
the
degree
of
judgment
used
in
determining
those
values.
Valuation
Techniques 
Debt
securities
generally
are
traded
in
the over-the-counter
(OTC)
market
and
are
valued
at
prices
furnished
by
independent
pricing
services
or
by
broker
dealers
who
make
markets
in
such
securities.
When
valuing
securities,
the
independent
pricing
services
consider
factors
such
as,
but
not
limited
to,
the
yield
or
price
of
bonds
of
comparable
quality,
coupon,
maturity,
and
type,
as
well
as
prices
quoted
by
dealers
who
make
markets
in
such
securities.   
Investments
denominated
in
foreign
currencies
are
translated
into
U.S.
dollar
values
each
day
at
the
prevailing
exchange
rate,
using
the
mean
of
the
bid
and
asked
prices
of
such
currencies
against
U.S.
dollars
as
provided
by
an
outside
pricing
service.
Investments
in
mutual
funds
are
valued
at
the
mutual
fund’s
closing
NAV
per
share
on
the
day
of
valuation.
Listed
options,
and
OTC
options
with
a
listed
equivalent,
are
valued
at
the
mean
of
the
closing
bid
and
asked
prices
and
exchange-traded
options
on
futures
contracts
are
valued
at
closing
settlement
prices.
Futures
contracts
are
valued
at
closing
settlement
prices.
Forward
currency
exchange
contracts
are
valued
using
the
prevailing
forward
exchange
rate.
Swaps
are
valued
at
prices
furnished
by
an
independent
pricing
service
or
independent
swap
dealers.
Investments
for
which
market
quotations are
not
readily
available
or
deemed
unreliable
are
valued
at
fair
value
as
determined
in
good
faith
by
the
Valuation
Designee.
The
Valuation
Designee
has
adopted
methodologies
for
determining
the
fair
value
of
investments
for
which
market
quotations
are
not
readily
available
or
deemed
unreliable,
including
the
use
of
other
pricing
sources.
Factors
used
in
determining
fair
value
vary
by
type
of
investment
and
may
include
market
or
investment
specific
considerations.
The
Valuation
Designee typically
will
afford
greatest
weight
to
actual
prices
in
arm’s
length
transactions,
to
the
extent
they
represent
orderly
transactions
between
market
participants,
transaction
information
can
be
reliably
obtained,
and
prices
are
deemed
T.
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PRICE
International
Bond
Fund
32
representative
of
fair
value.
However,
the
Valuation
Designee may
also
consider
other
valuation
methods
such
as
market-based
valuation
multiples;
a
discount
or
premium
from
market
value
of
a
similar,
freely
traded
security
of
the
same
issuer;
discounted
cash
flows;
yield
to
maturity;
or
some
combination.
Fair
value
determinations
are
reviewed
on
a
regular
basis.
Because
any
fair
value
determination
involves
a
significant
amount
of
judgment,
there
is
a
degree
of
subjectivity
inherent
in
such
pricing
decisions. Fair
value
prices
determined
by
the
Valuation
Designee could
differ
from
those
of
other
market
participants,
and
it
is
possible
that
the
fair
value
determined
for
a
security
may
be
materially
different
from
the
value
that
could
be
realized
upon
the
sale
of
that
security.
Valuation
Inputs
  The
following
table
summarizes
the
fund’s
financial
instruments,
based
on
the
inputs
used
to
determine
their
fair
values
on
March
31,
2023
(for
further
detail
by
category,
please
refer
to
the
accompanying
Portfolio
of
Investments):
T.
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33
OTHER
MATTERS 
Unpredictable
events
such
as
environmental
or
natural
disasters,
war,
terrorism,
pandemics,
outbreaks
of
infectious
diseases,
and
similar
public
health
threats
may
significantly
affect
the
economy
and
the
markets
and
issuers
in
which
the fund
invests.
Certain
events
may
cause
instability
across
global
markets,
including
reduced
liquidity
and
disruptions
in
trading
markets,
while
some
events
may
affect
certain
geographic
regions,
countries,
sectors,
and
industries
more
significantly
than
others,
and
exacerbate
other
pre-existing
political,
social,
and
economic
risks.
($000s)
Level
1
Level
2
Level
3
Total
Value
Assets
Fixed
Income
Securities
1
$
—‌
$
907,773‌
$
—‌
$
907,773‌
Short-Term
Investments
90,883‌
8,937‌
—‌
99,820‌
Securities
Lending
Collateral
27,519‌
—‌
—‌
27,519‌
Options
Purchased
—‌
51‌
—‌
51‌
Total
Securities
118,402‌
916,761‌
—‌
1,035,163‌
Swaps*
—‌
2,232‌
—‌
2,232‌
Forward
Currency
Exchange
Contracts
—‌
10,904‌
—‌
10,904‌
Futures
Contracts*
481‌
—‌
—‌
481‌
Total
$
118,883‌
$
929,897‌
$
—‌
$
1,048,780‌
Liabilities
Swaps*
$
—‌
$
6,407‌
$
—‌
$
6,407‌
Forward
Currency
Exchange
Contracts
—‌
11,844‌
—‌
11,844‌
Futures
Contracts*
3,090‌
—‌
—‌
3,090‌
Total
$
3,090‌
$
18,251‌
$
—‌
$
21,341‌
1
Includes
Asset-Backed
Securities,
Corporate
Bonds,
Government
Bonds
and
Municipal
Securities.
*
The
fair
value
presented
includes
cumulative
gain
(loss)
on
open
futures
contracts
and
centrally
cleared
swaps;
however,
the
net
value
reflected
on
the
accompanying
Portfolio
of
Investments
is
only
the
unsettled
variation
margin
receivable
(payable)
at
that
date.
T.
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PRICE
International
Bond
Fund
34
Since
2020,
a
novel
strain
of
coronavirus
(COVID-19)
has
resulted
in
disruptions
to
global
business
activity
and
caused
significant
volatility
and
declines
in
global
financial
markets.
In
February
2022,
Russian
forces
entered
Ukraine
and
commenced
an
armed
conflict
leading
to
economic
sanctions
being
imposed
on
Russia
and
certain
of
its
citizens,
creating
impacts
on
Russian-related
stocks
and
debt
and
greater
volatility
in
global
markets.
In
March
2023,
the
collapse
of
some
US
regional
and
global
banks
as
well
as
overall
concerns
around
the
soundness
and
stability
of
the
global
banking
sector
has
sparked
concerns
of
a
broader
financial
crisis
impacting
the
overall
global
banking
sector.
In
certain
cases,
government
agencies
have
assumed
control
or
otherwise
intervened
in
the
operations
of
certain
banks
due
to
liquidity
and
solvency
concerns.
The
extent
of
impact
of
these
events
on
the
US
and
global
markets
is
highly
uncertain.
These
are
recent
examples
of
global
events
which
may
have
a
negative
impact
on
the
values
of
certain
portfolio
holdings
or
the
fund’s
overall
performance.
Management
is
actively
monitoring
the
risks
and
financial
impacts
arising
from
these
events.
F76-054Q1
03/23