NPORT-EX 2 7022TRP093023.htm T. ROWE PRICE INTERNATIONAL FUNDS, INC.
T.
ROWE
PRICE
International
Bond
Fund
September
30,
2023
(Unaudited)
1
Portfolio
of
Investments
‡
Par/Shares
$
Value
(
Cost
and
value
in
$000s)
‡
ALBANIA
0.6%
Government
Bonds
0.6%
Republic
of
Albania,
3.50%,
10/9/25
(EUR) (1)
860,000‌
878‌
Republic
of
Albania,
3.50%,
6/16/27
(EUR) (1)
720,000‌
713‌
Republic
of
Albania,
3.50%,
11/23/31
(EUR) (1)
1,780,000‌
1,550‌
Republic
of
Albania,
5.90%,
6/9/28
(EUR) (1)
2,640,000‌
2,725‌
Total
Albania
(Cost
$6,580
)
5,866‌
AUSTRALIA
3.3%
Corporate
Bonds
0.8%
APA
Infrastructure,
3.50%,
3/22/30
(GBP) 
940,000‌
961‌
Brambles
Finance,
4.25%,
3/22/31
(EUR) 
1,430,000‌
1,488‌
NBN,
4.125%,
3/15/29
(EUR) 
1,910,000‌
2,000‌
Sydney
Airport
Finance,
4.375%,
5/3/33
(EUR) 
1,355,000‌
1,395‌
Transurban
Finance,
3.00%,
4/8/30
(EUR) 
1,900,000‌
1,845‌
7,689‌
Government
Bonds
2.5%
Commonwealth
of
Australia,
Series
140,
4.50%,
4/21/33 
23,559,000‌
15,218‌
Commonwealth
of
Australia,
Series
150,
3.00%,
3/21/47 
4,710,000‌
2,255‌
New
South
Wales
Treasury,
Series
26,
4.00%,
5/20/26 
9,397,400‌
5,996‌
23,469‌
Total
Australia
(Cost
$36,746
)
31,158‌
AUSTRIA
0.4%
Government
Bonds
0.4%
Republic
of
Austria,
0.75%,
3/20/51 (1)
6,877,000‌
3,667‌
Total
Austria
(Cost
$4,226
)
3,667‌
BELGIUM
0.0%
Corporate
Bonds
0.0%
Anheuser-Busch
InBev,
1.65%,
3/28/31 
300,000‌
271‌
Total
Belgium
(Cost
$282
)
271‌
BRAZIL
1.5%
Corporate
Bonds
0.2%
Braskem
Netherlands
Finance,
4.50%,
1/31/30
(USD) 
1,125,000‌
918‌
T.
ROWE
PRICE
International
Bond
Fund
2
Par/Shares
$
Value
(Cost
and
value
in
$000s)
MercadoLibre,
3.125%,
1/14/31
(USD) (2)
1,380,000‌
1,087‌
2,005‌
Government
Bonds
1.3%
Brazil
Notas
do
Tesouro
Nacional,
Series
NTNB,
6.00%,
8/15/30 
18,791,974‌
3,828‌
Brazil
Notas
do
Tesouro
Nacional,
Series
NTNB,
Inflation-
Indexed,
6.00%,
5/15/25 
6,779,541‌
1,354‌
Brazil
Notas
do
Tesouro
Nacional,
Series
NTNF,
10.00%,
1/1/27 
17,395,000‌
3,382‌
Brazil
Notas
do
Tesouro
Nacional,
Series
NTNF,
10.00%,
1/1/31 
16,606,000‌
3,076‌
11,640‌
Total
Brazil
(Cost
$13,648
)
13,645‌
BULGARIA
0.5%
Government
Bonds
0.5%
Republic
of
Bulgaria,
4.50%,
1/27/33
(EUR) (2)
3,310,000‌
3,386‌
Republic
of
Bulgaria,
4.50%,
1/27/33
(EUR) (1)
1,420,000‌
1,452‌
Total
Bulgaria
(Cost
$5,065
)
4,838‌
CANADA
3.2%
Asset-Backed
Securities
0.1%
Cologix
Canadian
Issuer,
Series
2022-1CAN,
Class
A2,
4.94%,
1/25/52 (1)
1,690,000‌
1,118‌
1,118‌
Corporate
Bonds
0.3%
Transcanada
Trust,
Series
17-B,
VR,
4.65%,
5/18/77 (3)
4,481,000‌
2,876‌
2,876‌
Government
Bonds
2.8%
Government
of
Canada,
1.25%,
3/1/27 
10,914,000‌
7,227‌
Government
of
Canada,
3.50%,
3/1/28 
5,550,000‌
3,964‌
Government
of
Canada,
5.00%,
6/1/37 
5,720,000‌
4,632‌
Government
of
Canada
Real
Return
Bond,
Inflation-Indexed,
Series
CPI,
4.00%,
12/1/31 
11,296,637‌
9,372‌
Province
of
Ontario,
3.50%,
6/2/43 
996,000‌
600‌
25,795‌
Total
Canada
(Cost
$33,641
)
29,789‌
CHILE
0.4%
Corporate
Bonds
0.3%
Celulosa
Arauco
y
Constitucion,
4.20%,
1/29/30
(USD) (1)
1,520,000‌
1,304‌
T.
ROWE
PRICE
International
Bond
Fund
3
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Interchile,
4.50%,
6/30/56
(USD) 
1,700,000‌
1,279‌
2,583‌
Government
Bonds
0.1%
Republic
of
Chile,
4.125%,
7/5/34
(EUR) 
1,100,000‌
1,106‌
1,106‌
Total
Chile
(Cost
$4,229
)
3,689‌
CHINA
6.9%
Convertible
Bonds
0.1%
Xiaomi
Best
Time
International,
Zero
Coupon,
12/17/27
(USD) 
1,200,000‌
1,025‌
1,025‌
Corporate
Bonds
0.3%
State
Grid
Overseas
Investment
BVI,
1.375%,
5/2/25
(EUR) (1)
2,000,000‌
2,016‌
Tencent
Holdings,
3.24%,
6/3/50
(USD) (2)
1,850,000‌
1,066‌
3,082‌
Government
Bonds
6.5%
China
Development
Bank,
Series
1905,
3.48%,
1/8/29 
30,000,000‌
4,255‌
People's
Republic
of
China,
Series
INBK,
2.60%,
9/1/32 
150,000,000‌
20,297‌
People's
Republic
of
China,
Series
INBK,
2.69%,
8/15/32 
70,000,000‌
9,539‌
People's
Republic
of
China,
Series
INBK,
3.02%,
5/27/31 
50,000,000‌
7,001‌
People's
Republic
of
China,
Series
INBK,
3.32%,
4/15/52 
30,000,000‌
4,310‌
People's
Republic
of
China,
Series
INBK,
3.53%,
10/18/51 
30,000,000‌
4,456‌
People's
Republic
of
China,
Series
1908,
4.00%,
6/24/69 
10,000,000‌
1,669‌
People's
Republic
of
China,
Series
1915,
3.13%,
11/21/29 
60,000,000‌
8,459‌
59,986‌
Total
China
(Cost
$65,836
)
64,093‌
COLOMBIA
0.6%
Government
Bonds
0.6%
Republic
of
Colombia,
Series
B,
6.00%,
4/28/28 
9,493,400,000‌
1,921‌
Republic
of
Colombia,
Series
B,
7.00%,
3/26/31 
17,280,000,000‌
3,322‌
Republic
of
Colombia,
Series
B,
13.25%,
2/9/33 
295,300,000‌
78‌
Total
Colombia
(Cost
$4,467
)
5,321‌
CYPRUS
0.5%
Government
Bonds
0.5%
Republic
of
Cyprus,
0.95%,
1/20/32 
3,426,000‌
2,842‌
Republic
of
Cyprus,
1.50%,
4/16/27 
425,000‌
416‌
Republic
of
Cyprus,
2.75%,
2/26/34 
547,000‌
501‌
T.
ROWE
PRICE
International
Bond
Fund
4
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Republic
of
Cyprus,
2.75%,
5/3/49 
642,000‌
488‌
Total
Cyprus
(Cost
$5,976
)
4,247‌
CZECH
REPUBLIC
0.7%
Government
Bonds
0.7%
Republic
of
Czech,
Series
105,
2.75%,
7/23/29 
82,820,000‌
3,234‌
Republic
of
Czech,
Series
125,
1.50%,
4/24/40 
59,000,000‌
1,604‌
Republic
of
Czech,
Series
142,
1.95%,
7/30/37 
50,870,000‌
1,587‌
Total
Czech
Republic
(Cost
$6,630
)
6,425‌
DENMARK
0.6%
Corporate
Bonds
0.6%
Carlsberg
Breweries,
0.875%,
7/1/29
(EUR) 
400,000‌
353‌
Danske
Bank,
VR,
0.75%,
6/9/29
(EUR) (3)
560,000‌
494‌
Danske
Bank,
VR,
1.375%,
2/17/27
(EUR) (3)
500,000‌
490‌
Danske
Bank,
VR,
1.375%,
2/12/30
(EUR) (3)
775,000‌
774‌
Orsted,
4.875%,
1/12/32
(GBP) 
910,000‌
1,023‌
TDC
Net,
5.618%,
2/6/30
(EUR) 
2,345,000‌
2,411‌
Total
Denmark
(Cost
$5,869
)
5,545‌
FRANCE
3.1%
Corporate
Bonds
1.8%
Altice
France,
5.875%,
2/1/27 (1)
375,000‌
340‌
Banijay
Entertainment,
7.00%,
5/1/29 (1)
175,000‌
183‌
Banque
Federative
du
Credit
Mutuel,
1.25%,
5/26/27 (2)
500,000‌
477‌
Banque
Federative
du
Credit
Mutuel,
1.375%,
7/16/28 
500,000‌
466‌
Banque
Federative
du
Credit
Mutuel,
5.125%,
1/13/33 
900,000‌
923‌
BNP
Paribas,
VR,
2.125%,
1/23/27 (3)
1,000,000‌
998‌
BNP
Paribas,
VR,
3.875%,
1/10/31 (2)(3)
1,000,000‌
1,036‌
BPCE,
0.25%,
1/14/31 
1,100,000‌
874‌
BPCE,
3.50%,
1/25/28 
900,000‌
925‌
Credit
Agricole,
1.00%,
9/16/24 
1,400,000‌
1,437‌
Credit
Agricole,
1.875%,
12/20/26 
1,100,000‌
1,083‌
Credit
Agricole
Assurances,
VR,
2.625%,
1/29/48 (3)
1,000,000‌
925‌
Electricite
de
France,
6.125%,
6/2/34
(GBP) 
1,200,000‌
1,409‌
Holding
d'Infrastructures
de
Transport,
1.475%,
1/18/31 
1,300,000‌
1,093‌
IPD
3,
8.00%,
6/15/28 (1)
305,000‌
325‌
Loxam,
6.375%,
5/15/28 
645,000‌
666‌
Orange,
3.25%,
1/15/32
(GBP) 
1,100,000‌
1,140‌
RTE
Reseau
de
Transport
d'Electricite
SADIR,
0.75%,
1/12/34 
1,100,000‌
856‌
Veolia
Environnement,
1.25%,
4/2/27 
1,000,000‌
965‌
T.
ROWE
PRICE
International
Bond
Fund
5
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Veolia
Environnement,
1.94%,
1/7/30 (2)
500,000‌
466‌
16,587‌
Government
Bonds
1.3%
Republic
of
France,
1.25%,
5/25/36 (1)
10,647,000‌
8,583‌
Republic
of
France,
3.00%,
5/25/33 
3,300,000‌
3,371‌
11,954‌
Total
France
(Cost
$33,873
)
28,541‌
GERMANY
6.4%
Corporate
Bonds
1.2%
Allianz,
VR,
3.375% (3)(4)
2,300,000‌
2,371‌
E.ON
International
Finance,
6.25%,
6/3/30
(GBP) 
1,865,000‌
2,318‌
Fresenius,
5.00%,
11/28/29 
1,200,000‌
1,279‌
Gruenenthal,
3.625%,
11/15/26 (1)
200,000‌
200‌
Gruenenthal,
6.75%,
5/15/30 (1)
100,000‌
107‌
Gruenenthal,
6.75%,
5/15/30 
600,000‌
641‌
Hannover
Rueck,
VR,
1.125%,
10/9/39 (3)
1,900,000‌
1,579‌
Hannover
Rueck,
VR,
1.75%,
10/8/40 (3)
900,000‌
749‌
TK
Elevator
Midco,
4.375%,
7/15/27 (1)
490,000‌
468‌
Volkswagen
International
Finance,
Series
10Y,
1.875%,
3/30/27 
200,000‌
193‌
Volkswagen
Leasing,
1.50%,
6/19/26 
1,630,000‌
1,597‌
11,502‌
Government
Bonds
5.2%
Bundesrepublik
Deutschland
Bundesanleihe,
0.00%,
2/15/30 
18,320,000‌
16,314‌
Deutsche
Bundesrepublik,
Inflation-Indexed,
0.10%,
4/15/26 
16,031,190‌
16,625‌
Deutsche
Bundesrepublik,
Inflation-Indexed,
0.50%,
4/15/30 
13,665,046‌
14,494‌
KfW,
4.70%,
6/2/37
(CAD) 
924,000‌
658‌
48,091‌
Total
Germany
(Cost
$62,903
)
59,593‌
GREECE
0.3%
Government
Bonds
0.3%
Hellenic
Republic,
0.75%,
6/18/31 (1)
3,809,000‌
3,147‌
Total
Greece
(Cost
$4,585
)
3,147‌
HUNGARY
1.0%
Corporate
Bonds
0.1%
OTP
Bank,
VR,
7.35%,
3/4/26
(EUR) (3)
910,000‌
980‌
980‌
T.
ROWE
PRICE
International
Bond
Fund
6
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Government
Bonds
0.9%
Republic
of
Hungary,
5.00%,
2/22/27
(EUR) 
1,557,000‌
1,656‌
Republic
of
Hungary,
Series
33/A,
2.25%,
4/20/33 
3,544,590,000‌
6,487‌
8,143‌
Total
Hungary
(Cost
$11,449
)
9,123‌
ICELAND
0.4%
Corporate
Bonds
0.2%
Landsbankinn,
0.375%,
5/23/25
(EUR) 
1,675,000‌
1,640‌
1,640‌
Government
Bonds
0.2%
Republic
of
Iceland,
0.00%,
4/15/28
(EUR) 
2,249,000‌
1,997‌
1,997‌
Total
Iceland
(Cost
$4,600
)
3,637‌
INDIA
1.0%
Corporate
Bonds
0.2%
ABJA
Investment,
5.95%,
7/31/24
(USD) 
1,200,000‌
1,197‌
State
Bank
of
India,
4.875%,
5/5/28
(USD) (2)
825,000‌
798‌
1,995‌
Government
Bonds
0.8%
Republic
of
India,
7.26%,
8/22/32 
602,040,000‌
7,250‌
7,250‌
Total
India
(Cost
$9,285
)
9,245‌
INDONESIA
1.7%
Corporate
Bonds
0.0%
Minejesa
Capital,
5.625%,
8/10/37
(USD) 
400,000‌
307‌
307‌
Government
Bonds
1.7%
Republic
of
Indonesia,
3.75%,
6/14/28
(EUR) (2)
6,942,000‌
7,194‌
Republic
of
Indonesia,
Series
FR87,
6.50%,
2/15/31 
13,738,000,000‌
873‌
Republic
of
Indonesia,
Series
FR91,
6.375%,
4/15/32 
52,200,000,000‌
3,298‌
Republic
of
Indonesia,
Series
FR95,
6.375%,
8/15/28 
69,495,000,000‌
4,472‌
15,837‌
Total
Indonesia
(Cost
$17,493
)
16,144‌
T.
ROWE
PRICE
International
Bond
Fund
7
Par/Shares
$
Value
(Cost
and
value
in
$000s)
IRELAND
0.1%
Government
Bonds
0.1%
Republic
of
Ireland,
1.50%,
5/15/50 
522,000‌
345‌
Republic
of
Ireland,
2.00%,
2/18/45 
983,000‌
776‌
Total
Ireland
(Cost
$2,005
)
1,121‌
ISRAEL
2.0%
Corporate
Bonds
0.2%
Bank
Hapoalim,
VR,
3.255%,
1/21/32
(USD) (1)(3)
1,280,000‌
1,092‌
Israel
Electric,
7.875%,
12/15/26
(USD) 
950,000‌
982‌
2,074‌
Government
Bonds
1.8%
State
of
Israel,
1.50%,
1/18/27
(EUR) 
3,044,000‌
2,976‌
State
of
Israel,
Series
0142,
5.50%,
1/31/42 
18,595,000‌
5,541‌
State
of
Israel,
Series
0347,
3.75%,
3/31/47 
2,249,000‌
527‌
State
of
Israel,
Series
0825,
1.75%,
8/31/25 
28,725,389‌
7,146‌
16,190‌
Total
Israel
(Cost
$22,701
)
18,264‌
ITALY
4.1%
Corporate
Bonds
0.8%
Autostrade
per
l'Italia,
2.00%,
12/4/28 
990,000‌
915‌
Autostrade
per
l'Italia,
2.00%,
1/15/30 
1,067,000‌
940‌
CA
Auto
Bank,
0.50%,
9/13/24 
1,000,000‌
1,019‌
Inter
Media
and
Communication,
6.75%,
2/9/27 
920,000‌
929‌
Intesa
Sanpaolo,
1.75%,
7/4/29 
1,515,000‌
1,352‌
Lottomatica,
FRN,
3M
EURIBOR
+
4.125%,
7.928%,
6/1/28 (1)
185,000‌
197‌
Snam,
0.875%,
10/25/26 
1,165,000‌
1,119‌
UniCredit,
VR,
4.875%,
2/20/29 (3)
650,000‌
684‌
7,155‌
Government
Bonds
3.3%
Italy
Buoni
Poliennali
Del
Tesoro,
Series
10Y,
4.40%,
5/1/33 
19,916,000‌
20,600‌
Italy
Buoni
Poliennali
Del
Tesoro,
Series
50Y,
2.80%,
3/1/67 
6,061,000‌
3,917‌
Italy
Buoni
Poliennali
Del
Tesoro,
Series
CPI,
1.30%,
5/15/28 (1)
6,087,720‌
6,245‌
30,762‌
Total
Italy
(Cost
$43,149
)
37,917‌
T.
ROWE
PRICE
International
Bond
Fund
8
Par/Shares
$
Value
(Cost
and
value
in
$000s)
IVORY
COAST
0.1%
Government
Bonds
0.1%
Republic
of
Ivory
Coast,
5.875%,
10/17/31
(EUR) 
1,565,000‌
1,370‌
Total
Ivory
Coast
(Cost
$1,363
)
1,370‌
JAPAN
14.3%
Government
Bonds
14.3%
Government
of
Japan,
Series
16,
1.30%,
3/20/63 
1,748,050,000‌
10,159‌
Government
of
Japan,
Series
44,
1.70%,
9/20/44 
1,160,500,000‌
8,063‌
Government
of
Japan,
Series
73,
0.70%,
12/20/51 
53,700,000‌
284‌
Government
of
Japan,
Series
74,
1.00%,
3/20/52 
1,890,250,000‌
10,808‌
Government
of
Japan,
Series
75,
1.30%,
6/20/52 
1,516,250,000‌
9,336‌
Government
of
Japan,
Series
76,
1.40%,
9/20/52 
1,860,800,000‌
11,747‌
Government
of
Japan,
Series
338,
0.40%,
3/20/25 
2,089,800,000‌
14,067‌
Government
of
Japan
Treasury
Bills,
Series
1177,
(0.13)%,
11/20/23 
3,800,000,000‌
25,435‌
Government
of
Japan,
Inflation-Indexed,
Series
18,
0.10%,
3/10/24 
906,936,000‌
6,184‌
Government
of
Japan,
Inflation-Indexed,
Series
19,
0.10%,
9/10/24 
1,574,698,800‌
10,795‌
Government
of
Japan,
Inflation-Indexed,
Series
20,
0.10%,
3/10/25 
1,712,561,600‌
11,803‌
Government
of
Japan,
Inflation-Indexed,
Series
26,
0.005%,
3/10/31 
1,252,232,880‌
8,897‌
Government
of
Japan,
Inflation-Indexed,
Series
27,
0.005%,
3/10/32 
760,452,925‌
5,363‌
Total
Japan
(Cost
$159,173
)
132,941‌
KUWAIT
0.1%
Corporate
Bonds
0.1%
MEGlobal,
2.625%,
4/28/28
(USD) (1)
1,485,000‌
1,286‌
Total
Kuwait
(Cost
$1,488
)
1,286‌
LATVIA
1.2%
Government
Bonds
1.2%
Republic
of
Latvia,
0.375%,
10/7/26
(EUR) 
11,633,000‌
11,098‌
Total
Latvia
(Cost
$13,214
)
11,098‌
T.
ROWE
PRICE
International
Bond
Fund
9
Par/Shares
$
Value
(Cost
and
value
in
$000s)
LITHUANIA
0.6%
Corporate
Bonds
0.0%
PLT
VII
Finance,
4.625%,
1/5/26 (1)
200,000‌
205‌
205‌
Government
Bonds
0.6%
Republic
of
Lithuania,
3.875%,
6/14/33 
5,040,000‌
5,200‌
5,200‌
Total
Lithuania
(Cost
$5,570
)
5,405‌
LUXEMBOURG
0.4%
Corporate
Bonds
0.4%
Albion
Financing
1,
5.25%,
10/15/26 
600,000‌
599‌
Altice
Financing,
4.25%,
8/15/29 (1)
365,000‌
320‌
Blackstone
Property
Partners
Europe
Holdings,
1.75%,
3/12/29 
1,700,000‌
1,406‌
Logicor
Financing,
1.50%,
7/13/26 
1,075,000‌
1,018‌
Total
Luxembourg
(Cost
$4,103
)
3,343‌
MALAYSIA
2.3%
Government
Bonds
2.3%
Government
of
Malaysia,
Series
0120,
4.065%,
6/15/50 
21,374,000‌
4,259‌
Government
of
Malaysia,
Series
0216,
4.736%,
3/15/46 
63,031,000‌
14,036‌
Government
of
Malaysia,
Series
0318,
4.642%,
11/7/33 
15,499,000‌
3,481‌
Total
Malaysia
(Cost
$23,859
)
21,776‌
MEXICO
1.9%
Corporate
Bonds
0.2%
America
Movil,
5.75%,
6/28/30
(GBP) (2)
1,070,000‌
1,315‌
1,315‌
Government
Bonds
1.7%
Petroleos
Mexicanos,
4.75%,
2/26/29
(EUR) 
2,185,000‌
1,752‌
United
Mexican
States,
Series
M,
7.50%,
5/26/33 
145,425,000‌
7,093‌
United
Mexican
States,
Series
M,
8.50%,
5/31/29 
21,234,000‌
1,140‌
United
Mexican
States,
Series
M,
8.50%,
11/18/38 
118,327,000‌
5,989‌
15,974‌
Total
Mexico
(Cost
$17,795
)
17,289‌
T.
ROWE
PRICE
International
Bond
Fund
10
Par/Shares
$
Value
(Cost
and
value
in
$000s)
NETHERLANDS
0.7%
Corporate
Bonds
0.7%
GTCR
W-2
Merger,
8.50%,
1/15/31
(GBP) (1)
100,000‌
124‌
ING
Groep,
VR,
1.25%,
2/16/27 (3)
1,500,000‌
1,469‌
LeasePlan,
VR,
7.375% (3)(4)
1,500,000‌
1,566‌
Nationale-Nederlanden
Bank,
0.375%,
2/26/25 
1,000,000‌
1,001‌
TenneT
Holding,
2.00%,
6/5/34 
2,100,000‌
1,900‌
VZ
Secured
Financing,
3.50%,
1/15/32 (2)
600,000‌
488‌
Ziggo,
2.875%,
1/15/30 (2)
510,000‌
435‌
Total
Netherlands
(Cost
$7,581
)
6,983‌
NEW
ZEALAND
0.9%
Corporate
Bonds
0.1%
Chorus,
3.625%,
9/7/29
(EUR) 
1,290,000‌
1,310‌
1,310‌
Government
Bonds
0.8%
New
Zealand
Government
Bond,
Series
0433,
3.50%,
4/14/33 
14,136,000‌
7,324‌
7,324‌
Total
New
Zealand
(Cost
$9,563
)
8,634‌
NORTH
MACEDONIA
0.1%
Government
Bonds
0.1%
Republic
of
North
Macedonia,
6.96%,
3/13/27
(EUR) (1)
860,000‌
928‌
Total
North
Macedonia
(Cost
$911
)
928‌
NORWAY
0.2%
Corporate
Bonds
0.2%
Avinor,
0.75%,
10/1/30
(EUR) 
1,750,000‌
1,481‌
Total
Norway
(Cost
$1,554
)
1,481‌
PERU
0.5%
Corporate
Bonds
0.1%
Banco
de
Credito
del
Peru,
VR,
3.125%,
7/1/30
(USD) (3)
1,170,000‌
1,076‌
1,076‌
T.
ROWE
PRICE
International
Bond
Fund
11
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Government
Bonds
0.4%
Republic
of
Peru,
5.40%,
8/12/34 
13,880,000‌
3,131‌
3,131‌
Total
Peru
(Cost
$4,314
)
4,207‌
PHILIPPINES
0.1%
Government
Bonds
0.1%
Republic
of
Philippines,
0.25%,
4/28/25
(EUR) 
910,000‌
899‌
Total
Philippines
(Cost
$1,092
)
899‌
POLAND
0.0%
Corporate
Bonds
0.0%
InPost,
2.25%,
7/15/27
(EUR) (1)
365,000‌
336‌
Total
Poland
(Cost
$435
)
336‌
PORTUGAL
0.3%
Corporate
Bonds
0.3%
Banco
Comercial
Portugues,
VR,
1.125%,
2/12/27 (3)
1,000,000‌
949‌
Banco
Comercial
Portugues,
VR,
1.75%,
4/7/28 (3)
600,000‌
553‌
Banco
Comercial
Portugues,
VR,
6.888%,
12/7/27 (2)(3)
1,200,000‌
1,217‌
Total
Portugal
(Cost
$2,845
)
2,719‌
QATAR
0.2%
Corporate
Bonds
0.2%
QNB
Finance,
2.75%,
2/12/27
(USD) 
2,200,000‌
2,015‌
Total
Qatar
(Cost
$2,103
)
2,015‌
ROMANIA
1.7%
Corporate
Bonds
0.4%
Banca
Transilvania,
VR,
8.875%,
4/27/27
(EUR) (3)
2,555,000‌
2,811‌
RCS
&
RDS,
3.25%,
2/5/28
(EUR) 
1,100,000‌
961‌
3,772‌
Government
Bonds
1.3%
Republic
of
Romania,
2.125%,
3/7/28
(EUR) (1)
1,510,000‌
1,388‌
Republic
of
Romania,
2.875%,
10/28/24
(EUR) 
305,000‌
317‌
Republic
of
Romania,
2.875%,
5/26/28
(EUR) (2)
3,700,000‌
3,508‌
T.
ROWE
PRICE
International
Bond
Fund
12
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Republic
of
Romania,
Series
15Y,
4.75%,
10/11/34 
37,045,000‌
6,546‌
11,759‌
Total
Romania
(Cost
$17,164
)
15,531‌
SAUDI
ARABIA
0.1%
Government
Bonds
0.1%
Saudi
Arabian
Oil,
4.25%,
4/16/39
(USD) (2)
1,000,000‌
816‌
Total
Saudi
Arabia
(Cost
$927
)
816‌
SENEGAL
0.1%
Government
Bonds
0.1%
Republic
of
Senegal,
5.375%,
6/8/37
(EUR) 
1,530,000‌
1,041‌
Total
Senegal
(Cost
$1,064
)
1,041‌
SERBIA
1.0%
Corporate
Bonds
0.1%
Summer
BidCo,
9.00%,
11/15/25,
(9.00%
Cash
or
9.75%
PIK)
(EUR) (5)
296,383‌
306‌
United
Group,
4.625%,
8/15/28
(EUR) (1)
650,000‌
588‌
894‌
Government
Bonds
0.9%
Republic
of
Serbia,
1.00%,
9/23/28
(EUR) (1)
4,900,000‌
4,042‌
Republic
of
Serbia,
1.50%,
6/26/29
(EUR) (1)(2)
1,890,000‌
1,542‌
Republic
of
Serbia,
1.65%,
3/3/33
(EUR) 
2,090,000‌
1,447‌
Republic
of
Serbia,
2.05%,
9/23/36
(EUR) (1)
607,000‌
382‌
Republic
of
Serbia,
2.05%,
9/23/36
(EUR) 
925,000‌
582‌
7,995‌
Total
Serbia
(Cost
$12,130
)
8,889‌
SINGAPORE
3.4%
Government
Bonds
3.4%
Government
of
Singapore,
0.50%,
11/1/25 
7,340,000‌
5,028‌
Government
of
Singapore,
1.625%,
7/1/31 
8,331,000‌
5,361‌
Government
of
Singapore,
2.375%,
6/1/25 
3,960,000‌
2,833‌
Government
of
Singapore,
2.875%,
7/1/29 
25,984,000‌
18,495‌
Total
Singapore
(Cost
$32,318
)
31,717‌
T.
ROWE
PRICE
International
Bond
Fund
13
Par/Shares
$
Value
(Cost
and
value
in
$000s)
SLOVENIA
0.7%
Government
Bonds
0.7%
Republic
of
Slovenia,
Series
RS74,
1.50%,
3/25/35 (2)
1,805,000‌
1,473‌
Republic
of
Slovenia,
Series
RS76,
3.125%,
8/7/45 
3,533,000‌
3,225‌
Republic
of
Slovenia,
Series
RS77,
2.25%,
3/3/32 (2)
900,000‌
855‌
Republic
of
Slovenia,
Series
RS86,
0.00%,
2/12/31 
955,000‌
775‌
Total
Slovenia
(Cost
$8,215
)
6,328‌
SOUTH
AFRICA
1.3%
Corporate
Bonds
0.1%
Anglo
American
Capital,
3.375%,
3/11/29
(GBP) 
850,000‌
906‌
906‌
Government
Bonds
1.2%
Republic
of
South
Africa,
Series
R186,
10.50%,
12/21/26 
76,790,000‌
4,179‌
Republic
of
South
Africa,
Series
R213,
7.00%,
2/28/31 
165,298,000‌
6,857‌
11,036‌
Total
South
Africa
(Cost
$12,628
)
11,942‌
SOUTH
KOREA
0.4%
Corporate
Bonds
0.4%
NongHyup
Bank,
4.875%,
7/3/28
(USD) (1)
1,940,000‌
1,884‌
Shinhan
Bank,
4.50%,
4/12/28
(USD) (1)
2,090,000‌
2,008‌
Total
South
Korea
(Cost
$4,016
)
3,892‌
SPAIN
2.3%
Corporate
Bonds
1.2%
Banco
Bilbao
Vizcaya
Argentaria,
3.375%,
9/20/27 
1,400,000‌
1,433‌
Banco
Bilbao
Vizcaya
Argentaria,
VR,
5.75%,
9/15/33 (3)
400,000‌
419‌
Banco
de
Sabadell,
VR,
0.875%,
6/16/28 (3)
1,100,000‌
990‌
Banco
de
Sabadell,
VR,
5.125%,
11/10/28 (3)
900,000‌
957‌
Banco
Santander,
1.125%,
1/17/25 (2)
1,000,000‌
1,015‌
CaixaBank,
3.75%,
9/7/29 (2)
600,000‌
616‌
CaixaBank,
VR,
6.25%,
2/23/33 (3)
400,000‌
423‌
Cellnex
Telecom,
1.75%,
10/23/30 (2)
2,200,000‌
1,885‌
Cirsa
Finance
International,
7.875%,
7/31/28 (1)
760,000‌
806‌
Inmobiliaria
Colonial
Socimi,
1.625%,
11/28/25 
1,500,000‌
1,500‌
Lorca
Telecom
Bondco,
4.00%,
9/18/27 (2)
1,500,000‌
1,472‌
11,516‌
T.
ROWE
PRICE
International
Bond
Fund
14
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Government
Bonds
1.1%
Kingdom
of
Spain,
0.00%,
1/31/28 
10,972,000‌
9,998‌
9,998‌
Total
Spain
(Cost
$22,401
)
21,514‌
SRI
LANKA
0.4%
Government
Bonds
0.4%
Republic
of
Sri
Lanka
Treasury
Bills,
Series
182,
19.00%,
12/1/23 
83,000,000‌
250‌
Republic
of
Sri
Lanka
Treasury
Bills,
Series
182,
19.00%,
12/15/23 
257,000,000‌
768‌
Republic
of
Sri
Lanka
Treasury
Bills,
Series
182,
19.70%,
12/8/23 
136,000,000‌
408‌
Republic
of
Sri
Lanka
Treasury
Bills,
Series
182,
23.18%,
10/6/23 
272,000,000‌
837‌
Republic
of
Sri
Lanka
Treasury
Bills,
Series
364,
21.75%,
4/5/24 
381,000,000‌
1,091‌
Total
Sri
Lanka
(Cost
$3,412
)
3,354‌
SWEDEN
2.3%
Corporate
Bonds
0.3%
Akelius
Residential
Property,
1.75%,
2/7/25
(EUR) 
1,010,000‌
1,014‌
Tele2,
0.75%,
3/23/31
(EUR) 
610,000‌
497‌
Verisure
Holding,
3.875%,
7/15/26
(EUR) (1)
260,000‌
258‌
Verisure
Holding,
9.25%,
10/15/27
(EUR) 
600,000‌
672‌
2,441‌
Government
Bonds
2.0%
Kingdom
of
Sweden,
Series
1056,
2.25%,
6/1/32 
218,065,000‌
18,806‌
18,806‌
Total
Sweden
(Cost
$25,590
)
21,247‌
SWITZERLAND
0.4%
Corporate
Bonds
0.4%
ABB
Finance,
3.375%,
1/16/31
(EUR) 
700,000‌
710‌
Aquarius
+
Investments
for
Zurich
Insurance,
VR,
4.25%,
10/2/43
(EUR) (3)
1,069,000‌
1,130‌
UBS
Group,
VR,
2.875%,
4/2/32
(EUR) (3)
1,115,000‌
1,012‌
UBS
Group,
VR,
7.75%,
3/1/29
(EUR) (3)
875,000‌
1,020‌
Total
Switzerland
(Cost
$3,991
)
3,872‌
T.
ROWE
PRICE
International
Bond
Fund
15
Par/Shares
$
Value
(Cost
and
value
in
$000s)
THAILAND
2.4%
Corporate
Bonds
0.1%
Bangkok
Bank,
VR,
3.733%,
9/25/34
(USD) (3)
1,340,000‌
1,120‌
1,120‌
Government
Bonds
2.3%
Kingdom
of
Thailand,
2.00%,
12/17/31 
500,073,000‌
12,655‌
Kingdom
of
Thailand,
3.45%,
6/17/43 
114,750,000‌
3,063‌
Kingdom
of
Thailand,
3.65%,
6/20/31 
204,042,000‌
5,823‌
21,541‌
Total
Thailand
(Cost
$26,063
)
22,661‌
UNITED
ARAB
EMIRATES
0.2%
Corporate
Bonds
0.2%
Abu
Dhabi
National
Energy,
4.375%,
1/24/29
(USD) (1)
1,135,000‌
1,087‌
MDGH
GMTN
RSC,
4.375%,
11/22/33
(USD) (1)
770,000‌
704‌
Total
United
Arab
Emirates
(Cost
$1,894
)
1,791‌
UNITED
KINGDOM
9.0%
Corporate
Bonds
2.8%
Barclays,
VR,
0.577%,
8/9/29
(EUR) (3)
820,000‌
702‌
Barclays,
VR,
0.877%,
1/28/28
(EUR) (2)(3)
800,000‌
746‌
Barclays,
VR,
5.262%,
1/29/34
(EUR) (3)
460,000‌
477‌
Barclays,
VR,
6.369%,
1/31/31 (3)
790,000‌
941‌
Bellis
Acquisition,
3.25%,
2/16/26 (1)
450,000‌
476‌
Deuce
Finco,
5.50%,
6/15/27 (1)
345,000‌
368‌
Eastern
Power
Networks,
5.75%,
3/8/24 
38,000‌
46‌
Heathrow
Funding,
2.75%,
10/13/29 
1,072,000‌
1,093‌
HSBC
Holdings,
VR,
4.752%,
3/10/28
(EUR) (3)
1,830,000‌
1,933‌
Jerrold
Finco,
5.25%,
1/15/27 
600,000‌
646‌
Kane
Bidco,
5.00%,
2/15/27
(EUR) 
1,455,000‌
1,464‌
Legal
&
General
Group,
VR,
5.375%,
10/27/45 (3)
525,000‌
621‌
Marks
&
Spencer,
6.00%,
6/12/25 
450,000‌
543‌
Motion
Finco,
7.375%,
6/15/30
(EUR) (1)
1,085,000‌
1,123‌
Nationwide
Building
Society,
VR,
2.00%,
7/25/29
(EUR) (3)
950,000‌
972‌
NatWest
Group,
VR,
0.67%,
9/14/29
(EUR) (3)
850,000‌
731‌
NatWest
Group,
VR,
0.78%,
2/26/30
(EUR) (3)
365,000‌
310‌
NatWest
Group,
VR,
1.043%,
9/14/32
(EUR) (3)
850,000‌
744‌
Next
Group,
3.625%,
5/18/28 
1,787,000‌
1,967‌
Next
Group,
4.375%,
10/2/26 
540,000‌
630‌
Santander
U.K.
Group
Holdings,
VR,
0.603%,
9/13/29
(EUR) (3)
1,050,000‌
894‌
T.
ROWE
PRICE
International
Bond
Fund
16
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Santander
U.K.
Group
Holdings,
VR,
2.421%,
1/17/29 (3)
530,000‌
544‌
Santander
U.K.
Group
Holdings,
VR,
3.53%,
8/25/28
(EUR) (3)
800,000‌
804‌
Severn
Trent
Utilities
Finance,
4.625%,
11/30/34 
960,000‌
1,037‌
Severn
Trent
Utilities
Finance,
6.125%,
2/26/24 
104,000‌
127‌
Sky,
1.875%,
11/24/23
(EUR) 
881,000‌
928‌
Standard
Chartered,
VR,
2.50%,
9/9/30
(EUR) (3)
1,200,000‌
1,197‌
Tesco
Corporate
Treasury
Services,
0.875%,
5/29/26
(EUR) 
1,000,000‌
970‌
Tesco
Corporate
Treasury
Services,
1.875%,
11/2/28 
950,000‌
956‌
Victoria,
3.625%,
8/24/26
(EUR) (2)
650,000‌
538‌
Vmed
O2
U.K.
Financing
I,
4.50%,
7/15/31 (1)
1,095,000‌
1,045‌
Vmed
O2
U.K.
Financing
I,
4.50%,
7/15/31 
750,000‌
716‌
26,289‌
Government
Bonds
6.2%
United
Kingdom
Gilt,
0.625%,
6/7/25 
12,751,000‌
14,554‌
United
Kingdom
Gilt,
0.625%,
10/22/50 
5,300,000‌
2,373‌
United
Kingdom
Gilt,
1.50%,
7/22/26 
5,885,000‌
6,628‌
United
Kingdom
Gilt,
1.625%,
10/22/28 
19,280,000‌
20,687‌
United
Kingdom
Gilt,
4.25%,
12/7/46 
6,016,792‌
6,668‌
United
Kingdom
Gilt,
Inflation-Indexed,
Series
3MO,
0.125%,
3/22/26 
5,760,710‌
6,917‌
57,827‌
Total
United
Kingdom
(Cost
$93,172
)
84,116‌
UNITED
STATES
4.9%
Corporate
Bonds
4.7%
AbbVie,
2.625%,
11/15/28
(EUR) 
995,000‌
987‌
American
Honda
Finance,
0.75%,
11/25/26
(GBP) (2)
796,000‌
841‌
American
Honda
Finance,
1.95%,
10/18/24
(EUR) 
847,000‌
877‌
Ardagh
Metal
Packaging
Finance
USA,
3.00%,
9/1/29
(EUR) (1)
1,130,000‌
905‌
AT&T,
3.95%,
4/30/31
(EUR) 
2,300,000‌
2,333‌
Athene
Global
Funding,
0.832%,
1/8/27
(EUR) 
1,045,000‌
966‌
Bank
of
America,
VR,
1.379%,
2/7/25
(EUR) (3)
1,414,000‌
1,480‌
Becton
Dickinson
&
Company,
3.02%,
5/24/25
(GBP) 
1,018,000‌
1,191‌
Becton
Dickinson
Euro
Finance,
1.213%,
2/12/36
(EUR) 
408,000‌
296‌
Berkshire
Hathaway
Finance,
1.50%,
3/18/30
(EUR) 
1,020,000‌
922‌
Capital
One
Financial,
1.65%,
6/12/29
(EUR) 
2,100,000‌
1,811‌
Comcast,
0.00%,
9/14/26
(EUR) 
1,000,000‌
942‌
Dana
Financing
Luxembourg,
8.50%,
7/15/31
(EUR) (1)
464,000‌
496‌
Encore
Capital
Group,
4.875%,
10/15/25
(EUR) (1)(2)
540,000‌
554‌
Encore
Capital
Group,
5.375%,
2/15/26
(GBP) (1)
910,000‌
1,017‌
Fiserv,
1.625%,
7/1/30
(EUR) (2)
100,000‌
88‌
Fiserv,
3.00%,
7/1/31
(GBP) 
1,000,000‌
999‌
Fiserv,
4.50%,
5/24/31
(EUR) 
1,760,000‌
1,836‌
T.
ROWE
PRICE
International
Bond
Fund
17
Par/Shares
$
Value
(Cost
and
value
in
$000s)
Ford
Motor
Credit,
4.867%,
8/3/27
(EUR) 
1,050,000‌
1,094‌
General
Motors
Financial,
0.85%,
2/26/26
(EUR) 
1,000,000‌
972‌
Goldman
Sachs
Group,
1.625%,
7/27/26
(EUR) 
1,204,000‌
1,194‌
Goldman
Sachs
Group,
VR,
3.625%,
10/29/29
(GBP) (3)
545,000‌
592‌
Graphic
Packaging
International,
2.625%,
2/1/29
(EUR) (1)
625,000‌
573‌
Harley-Davidson
Financial
Services,
5.125%,
4/5/26
(EUR) (2)
1,370,000‌
1,464‌
Highland
Holdings,
0.318%,
12/15/26
(EUR) (2)
765,000‌
718‌
JPMorgan
Chase,
1.50%,
10/29/26
(EUR) 
1,300,000‌
1,275‌
Medtronic
Global
Holdings,
0.375%,
10/15/28
(EUR) 
554,000‌
492‌
Metropolitan
Life
Global
Funding,
5.00%,
1/10/30
(GBP) 
650,000‌
765‌
Mondelez
International,
0.25%,
3/17/28
(EUR) 
1,960,000‌
1,764‌
Mondelez
International
Holdings
Netherlands,
0.25%,
9/9/29
(EUR) (1)
689,000‌
587‌
Morgan
Stanley,
VR,
0.406%,
10/29/27
(EUR) (3)
1,269,000‌
1,188‌
Morgan
Stanley,
VR,
0.495%,
10/26/29
(EUR) (3)
2,120,000‌
1,830‌
Morgan
Stanley,
VR,
5.148%,
1/25/34
(EUR) (3)
400,000‌
432‌
Netflix,
3.875%,
11/15/29
(EUR) (2)
975,000‌
997‌
Prologis,
2.25%,
6/30/29
(GBP) 
1,252,000‌
1,262‌
Thermo
Fisher
Scientific,
0.875%,
10/1/31
(EUR) 
955,000‌
793‌
Thermo
Fisher
Scientific,
2.375%,
4/15/32
(EUR) 
156,000‌
145‌
Thermo
Fisher
Scientific
Finance
I,
0.80%,
10/18/30
(EUR) 
593,000‌
506‌
Upjohn
Finance,
1.908%,
6/23/32
(EUR) 
880,000‌
715‌
Utah
Acquisition,
3.125%,
11/22/28
(EUR) 
995,000‌
966‌
Verizon
Communications,
1.30%,
5/18/33
(EUR) 
835,000‌
669‌
Verizon
Communications,
2.625%,
12/1/31
(EUR) 
750,000‌
701‌
VF,
4.125%,
3/7/26
(EUR) 
669,000‌
696‌
VF,
4.25%,
3/7/29
(EUR) (2)
695,000‌
709‌
Westlake,
1.625%,
7/17/29
(EUR) 
1,680,000‌
1,477‌
43,117‌
Municipal
Securities
0.2%
Puerto
Rico
Commonwealth,
GO,
VR,
11/1/43 (6)
3,929,813‌
2,039‌
2,039‌
Total
United
States
(Cost
$51,208
)
45,156‌
SHORT-TERM
INVESTMENTS
5.4%
Money
Market
Funds
3.7%
T.
Rowe
Price
Government
Reserve
Fund,
5.40% (7)(8)
34,152,400‌
34,152‌
34,152‌
U.S.
Treasury
Obligations
1.7%
U.S.
Treasury
Bills,
5.316%,
11/14/23 (9)
9,800,000‌
9,738‌
T.
ROWE
PRICE
International
Bond
Fund
18
Par/Shares
$
Value
(Cost
and
value
in
$000s)
U.S.
Treasury
Bills,
5.324%,
10/19/23 (9)
6,315,000‌
6,300‌
16,038‌
Total
Short-Term
Investments
(Cost
$50,188)
50,190‌
SECURITIES
LENDING
COLLATERAL
2.4%
INVESTMENTS
IN
A
POOLED
ACCOUNT
THROUGH
SECURITIES
LENDING
PROGRAM
WITH
JPMORGAN
CHASE
BANK
2.4%
Money
Market
Funds
2.4%
T.
Rowe
Price
Government
Reserve
Fund,
5.40% (7)(8)
22,280,443‌
22,280‌
Total
Investments
in
a
Pooled
Account
through
Securities
Lending
Program
with
JPMorgan
Chase
Bank
22,280‌
Total
Securities
Lending
Collateral
(Cost
$22,280)
22,280‌
Total
Investments
in
Securities
101.6%
(Cost
$1,050,862)
$
944,333‌
Other
Assets
Less
Liabilities
(1.6)%
(14,540)
Net
Assets
100.0%
$
929,793‌
‡
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
$61,342
and
represents
6.6%
of
net
assets.
(2)
All
or
a
portion
of
this
security
is
on
loan
at
September
30,
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
September
30,
2023,
all
or
a
portion
of
this
security
is
pledged
as
collateral
and/or
margin
deposit
to
cover
future
funding
obligations.
3M
EURIBOR
Three
month
EURIBOR
(Euro
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
T.
ROWE
PRICE
International
Bond
Fund
19
.
.
.
.
.
.
.
.
.
.
BRL
Brazilian
Real
CAD
Canadian
Dollar
CHF
Swiss
Franc
CLP
Chilean
Peso
CNH
Offshore
China
Renminbi
COP
Colombian
Peso
CZK
Czech
Koruna
DKK
Danish
Krone
EUR
Euro
FRN
Floating
Rate
Note
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
PEN
Peruvian
New
Sol
PIK
Payment-in-kind
PLN
Polish
Zloty
RON
New
Romanian
Leu
SEK
Swedish
Krona
SGD
Singapore
Dollar
THB
Thai
Baht
TONA
Tokyo
overnight
average
rate
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
20
(Amounts
in
000s)
SWAPS
(0.8)%
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
34
(37)
71‌
Bank
of
America,
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
12/20/29
(USD)
*
1,700
(4)
(53)
49‌
Barclays
Bank,
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
6/20/24
(USD)
*
380
2
(4)
6‌
Barclays
Bank,
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
12/20/24
(USD)
*
2,800
26
(4)
30‌
Citibank,
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
6/20/25
(USD)
*
1,356
15
(26)
41‌
Morgan
Stanley,
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
12/20/24
(USD)
*
833
8
(1)
9‌
Morgan
Stanley,
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
6/20/25
(USD)
*
572
6
(9)
15‌
Total
Greece
(134)
221‌
Total
Bilateral
Credit
Default
Swaps,
Protection
Sold
(134)
221‌
Interest
Rate
Swaps
0.0%
China
0.0%
Citibank,
7
Year
Interest
Rate
Swap,
Receive
Fixed
2.650%
Quarterly,
Pay
Variable
1.97%,
(7
Day
Interbank
Repo)
Quarterly,
5/16/30
*
21,812
34
—
34‌
T.
ROWE
PRICE
International
Bond
Fund
21
(Amounts
in
000s)
Description
Notional
Amount
$
Value
Upfront
Payments/
$
(Receipts)
Unrealized
$
Gain/(Loss)
Citibank,
7
Year
Interest
Rate
Swap,
Receive
Fixed
2.650%
Quarterly,
Pay
Variable
2.00%,
(7
Day
Interbank
Repo)
Quarterly,
5/15/30
*
22,021
35
—
35‌
Total
China
—
69‌
Total
Bilateral
Interest
Rate
Swaps
—
69‌
Total
Bilateral
Swaps
(134)
290‌
Description
Notional
Amount
$
Value
Initial
$
Value
**
Unrealized
$
Gain/(Loss)
CENTRALLY
CLEARED
SWAPS
(0.8)%
Credit
Default
Swaps,
Protection
Bought
(0.0)%
Canada
(0.0)%
Protection
Bought
(Relevant
Credit:
Bombardier),
Pay
5.00%
Quarterly,
Receive
upon
credit
default,
6/20/28
(USD)
2,550
(80)
(104)
24‌
Total
Canada
24‌
Foreign/Europe
0.0%
Protection
Bought
(Relevant
Credit:
Lanxess),
Pay
1.00%
Quarterly,
Receive
upon
credit
default,
12/20/28
333
19
15
4‌
Total
Foreign/Europe
4‌
Total
Centrally
Cleared
Credit
Default
Swaps,
Protection
Bought
28‌
Credit
Default
Swaps,
Protection
Sold
0.0%
Greece
0.0%
Protection
Sold
(Relevant
Credit:
Hellenic
Republic,
BB+*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
6/20/26
(USD)
1,600
21
17
4‌
Total
Greece
4‌
Spain
0.0%
Protection
Sold
(Relevant
Credit:
Cellnex
Telecom,
BB+*),
Receive
5.00%
Quarterly,
Pay
upon
credit
default,
12/20/28
300
47
46
1‌
Total
Spain
1‌
Total
Centrally
Cleared
Credit
Default
Swaps,
Protection
Sold
5‌
T.
ROWE
PRICE
International
Bond
Fund
22
(Amounts
in
000s)
Description
Notional
Amount
$
Value
Initial
$
Value**
Unrealized
$
Gain/(Loss)
Interest
Rate
Swaps
(0.8)%
China
0.0%
5
Year
Interest
Rate
Swap,
Receive
Fixed
2.283%
Quarterly,
Pay
Variable
2.200%
(7
Day
Interbank
Repo)
Quarterly,
8/18/28
39,900
(27)
—
(27‌)
5
Year
Interest
Rate
Swap,
Receive
Fixed
2.476%
Quarterly,
Pay
Variable
1.830%
(7
Day
Interbank
Repo)
Quarterly,
6/1/28
29,985
19
—
19‌
5
Year
Interest
Rate
Swap,
Receive
Fixed
2.562%
Quarterly,
Pay
Variable
2.000%
(7
Day
Interbank
Repo)
Quarterly,
5/15/28
6,673
8
—
8‌
5
Year
Interest
Rate
Swap,
Receive
Fixed
2.568%
Quarterly,
Pay
Variable
1.973%
(7
Day
Interbank
Repo)
Quarterly,
5/16/28
22,665
28
—
28‌
5
Year
Interest
Rate
Swap,
Receive
Fixed
2.579%
Quarterly,
Pay
Variable
2.000%
(7
Day
Interbank
Repo)
Quarterly,
5/15/28
28,915
39
—
39‌
Total
China
67‌
Foreign/Europe
(0.7)%
4
Year
Interest
Rate
Swap,
Receive
Fixed
(0.144)%
Annually,
Pay
Variable
3.562%
(6M
EURIBOR)
Semi-Annually,
10/20/25
8,110
(805)
—
(805‌)
5
Year
Interest
Rate
Swap,
Receive
Fixed
3.367%
Annually,
Pay
Variable
4.071%
(6M
EURIBOR)
Semi-Annually,
9/21/28
56,100
(111)
—
(111‌)
7
Year
Interest
Rate
Swap,
Receive
Fixed
2.638%
Annually,
Pay
Variable
3.790%
(6M
EURIBOR)
Semi-Annually,
12/17/29
7,350
(238)
—
(238‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
0.830%
Annually,
Pay
Variable
3.987%
(6M
EURIBOR)
Semi-Annually,
3/2/32
11,900
(2,297)
—
(2,297‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
1.222%
Annually,
Pay
Variable
3.341%
(6M
EURIBOR)
Semi-Annually,
4/5/32
9,850
(1,755)
—
(1,755‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
1.627%
Annually,
Pay
Variable
3.587%
(6M
EURIBOR)
Semi-Annually,
4/21/32
3,623
(527)
—
(527‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.440%
Annually,
Pay
Variable
3.930%
(6M
EURIBOR)
Semi-Annually,
6/30/32
2,200
(171)
—
(171‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.683%
Annually,
Pay
Variable
3.760%
(6M
EURIBOR)
Semi-Annually,
11/30/32
700
(33)
—
(33‌)
T.
ROWE
PRICE
International
Bond
Fund
23
(Amounts
in
000s)
Description
Notional
Amount
$
Value
Initial
$
Value**
Unrealized
$
Gain/(Loss)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.698%
Annually,
Pay
Variable
3.760%
(6M
EURIBOR)
Semi-Annually,
11/30/32
300
(14)
—
(14‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.702%
Annually,
Pay
Variable
3.714%
(6M
EURIBOR)
Semi-Annually,
11/24/32
843
(37)
1
(38‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.712%
Annually,
Pay
Variable
3.714%
(6M
EURIBOR)
Semi-Annually,
11/24/32
281
(12)
1
(13‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.730%
Annually,
Pay
Variable
3.707%
(6M
EURIBOR)
Semi-Annually,
11/23/32
13,600
(580)
—
(580‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.735%
Annually,
Pay
Variable
3.687%
(6M
EURIBOR)
Semi-Annually,
11/22/32
750
(32)
—
(32‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.796%
Annually,
Pay
Variable
3.663%
(6M
EURIBOR)
Semi-Annually,
11/17/32
473
(18)
—
(18‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
2.803%
Annually,
Pay
Variable
3.658%
(6M
EURIBOR)
Semi-Annually,
11/18/32
803
(28)
1
(29‌)
10
Year
Interest
Rate
Swap,
Receive
Fixed
3.025%
Annually,
Pay
Variable
3.312%
(6M
EURIBOR)
Semi-Annually,
4/4/33
4,500
(146)
—
(146‌)
30
Year
Interest
Rate
Swap,
Pay
Fixed
2.953%
Annually,
Receive
Variable
4.071%
(6M
EURIBOR)
Semi-Annually,
9/22/53
12,000
337
—
337‌
Total
Foreign/Europe
(6,470‌)
Japan
0.0%
5
Year
Interest
Rate
Swap,
Pay
Fixed
0.418%
Annually,
Receive
Variable
(0.057)%
(JPY
TONA)
Annually,
8/10/28
9,725,400
304
2
302‌
Total
Japan
302‌
Mexico
(0.1)%
7
Year
Interest
Rate
Swap,
Receive
Fixed
5.499%
28
Days,
Pay
Variable
11.499%
(MXIBTIIE)
28
Days,
5/4/27
100,000
(761)
1
(762‌)
Total
Mexico
(762‌)
Poland
0.1%
5
Year
Interest
Rate
Swap,
Pay
Fixed
5.010%
Annually,
Receive
Variable
6.950%
(6M
PLN
WIBOR)
Semi-Annually,
6/30/28
58,600
(177)
—
(177‌)
10
Year
Interest
Rate
Swap,
Pay
Fixed
1.775%
Annually,
Receive
Variable
6.950%
(6M
PLN
WIBOR)
Semi-Annually,
10/22/29
5,882
213
1
212‌
T.
ROWE
PRICE
International
Bond
Fund
24
(Amounts
in
000s)
Description
Notional
Amount
$
Value
Initial
$
Value**
Unrealized
$
Gain/(Loss)
10
Year
Interest
Rate
Swap,
Pay
Fixed
1.780%
Annually,
Receive
Variable
6.950%
(6M
PLN
WIBOR)
Semi-Annually,
10/22/29
4,118
148
—
148‌
10
Year
Interest
Rate
Swap,
Pay
Fixed
1.803%
Annually,
Receive
Variable
6.950%
(6M
PLN
WIBOR)
Semi-Annually,
11/5/29
2,089
74
—
74‌
10
Year
Interest
Rate
Swap,
Pay
Fixed
1.820%
Annually,
Receive
Variable
6.950%
(6M
PLN
WIBOR)
Semi-Annually,
11/5/29
2,089
75
1
74‌
10
Year
Interest
Rate
Swap,
Pay
Fixed
1.860%
Annually,
Receive
Variable
6.950%
(6M
PLN
WIBOR)
Semi-Annually,
11/7/29
2,057
71
—
71‌
10
Year
Interest
Rate
Swap,
Pay
Fixed
3.158%
Annually,
Receive
Variable
6.560%
(6M
PLN
WIBOR)
Semi-Annually,
2/14/28
14,789
141
—
141‌
Total
Poland
543‌
United
Kingdom
(0.1)%
2
Year
Interest
Rate
Swap,
Receive
Fixed
3.955%
Annually,
Pay
Variable
4.578%
(GBP
SONIA)
Annually,
1/27/25
32,152
(869)
—
(869‌)
Total
United
Kingdom
(869‌)
Total
Centrally
Cleared
Interest
Rate
Swaps
(7,189‌)
Total
Centrally
Cleared
Swaps
(7,156‌)
Net
payments
(receipts)
of
variation
margin
to
date
7,695‌
Variation
margin
receivable
(payable)
on
centrally
cleared
swaps
$
539‌
*
Credit
ratings
as
of
September
30,
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
$6.
T.
ROWE
PRICE
International
Bond
Fund
25
(Amounts
in
000s)
FORWARD
CURRENCY
EXCHANGE
CONTRACTS
Counterparty
Settlement
Receive
Deliver
Unrealized
Gain/(Loss)
Bank
of
America
10/6/23
IDR
70,776,754‌
USD
4,716‌
$
(138‌)
Bank
of
America
10/13/23
CZK
144,849‌
USD
6,551‌
(277‌)
Bank
of
America
10/13/23
DKK
23,298‌
USD
3,449‌
(144‌)
Bank
of
America
10/13/23
USD
2,417‌
RON
10,897‌
101‌
Bank
of
America
10/13/23
USD
4,139‌
ZAR
78,830‌
(20‌)
Bank
of
America
10/20/23
CHF
4,166‌
USD
4,555‌
7‌
Bank
of
America
10/20/23
JPY
691,391‌
USD
5,012‌
(368‌)
Bank
of
America
10/20/23
USD
5,353‌
CAD
7,247‌
16‌
Bank
of
America
10/20/23
USD
5,487‌
NZD
8,827‌
197‌
Bank
of
America
11/24/23
USD
6,013‌
GBP
4,723‌
249‌
Bank
of
America
12/8/23
USD
6,069‌
MYR
28,025‌
60‌
Bank
of
America
1/17/24
USD
948‌
KRW
1,269,048‌
4‌
Barclays
Bank
10/6/23
IDR
40,032,174‌
USD
2,612‌
(23‌)
Barclays
Bank
10/6/23
KRW
33,415,339‌
USD
25,595‌
(836‌)
Barclays
Bank
10/6/23
USD
27,721‌
KRW
36,943,438‌
347‌
Barclays
Bank
10/20/23
AUD
1,125‌
USD
730‌
(6‌)
Barclays
Bank
10/20/23
JPY
89,172‌
USD
655‌
(56‌)
Barclays
Bank
11/17/23
USD
4,919‌
PLN
21,152‌
83‌
Barclays
Bank
11/24/23
EUR
1,011‌
USD
1,105‌
(34‌)
Barclays
Bank
11/24/23
USD
1,108‌
GBP
905‌
3‌
Barclays
Bank
12/8/23
USD
3,356‌
INR
278,494‌
16‌
Barclays
Bank
12/15/23
USD
7,258‌
ZAR
138,846‌
(25‌)
Barclays
Bank
1/17/24
KRW
36,943,438‌
USD
27,887‌
(406‌)
BNP
Paribas
10/6/23
KRW
3,466,288‌
USD
2,623‌
(55‌)
BNP
Paribas
10/13/23
HUF
991,919‌
USD
2,811‌
(125‌)
BNP
Paribas
10/13/23
MXN
10,480‌
USD
606‌
(7‌)
BNP
Paribas
10/13/23
USD
3,073‌
RON
13,576‌
189‌
BNP
Paribas
10/20/23
JPY
13,208,920‌
USD
97,114‌
(8,388‌)
BNP
Paribas
10/20/23
USD
985‌
AUD
1,534‌
(2‌)
BNP
Paribas
10/20/23
USD
1,379‌
CAD
1,859‌
10‌
BNP
Paribas
10/20/23
USD
5,024‌
JPY
738,434‌
64‌
BNP
Paribas
11/10/23
CLP
954,772‌
USD
1,110‌
(39‌)
BNP
Paribas
11/10/23
USD
769‌
CLP
672,351‌
14‌
BNP
Paribas
11/17/23
USD
1,762‌
PLN
7,275‌
99‌
BNP
Paribas
11/24/23
EUR
18,265‌
USD
19,986‌
(629‌)
BNP
Paribas
11/24/23
GBP
8,813‌
USD
10,789‌
(32‌)
BNP
Paribas
11/24/23
USD
6,940‌
EUR
6,459‌
95‌
BNP
Paribas
11/24/23
USD
9,333‌
GBP
7,407‌
293‌
BNP
Paribas
12/4/23
USD
2,955‌
BRL
14,620‌
71‌
BNP
Paribas
12/7/23
USD
801‌
COP
3,385,125‌
(14‌)
BNP
Paribas
12/8/23
MYR
2,604‌
USD
558‌
—‌
BNP
Paribas
12/8/23
USD
2,321‌
MYR
10,833‌
(1‌)
BNP
Paribas
12/15/23
USD
3,780‌
CNH
27,559‌
(10‌)
T.
ROWE
PRICE
International
Bond
Fund
26
(Amounts
in
000s)
FORWARD
CURRENCY
EXCHANGE
CONTRACTS
(CONTINUED)
Counterparty
Settlement
Receive
Deliver
Unrealized
Gain/(Loss)
BNY
Mellon
12/15/23
USD
13,590‌
SGD
18,459‌
$
39‌
Canadian
Imperial
Bank
of
Commerce
12/15/23
USD
565‌
SGD
767‌
2‌
Citibank
10/6/23
IDR
58,648,285‌
USD
3,820‌
(27‌)
Citibank
10/6/23
TWD
125,120‌
USD
3,877‌
5‌
Citibank
10/6/23
USD
4,661‌
IDR
69,989,951‌
134‌
Citibank
10/13/23
RON
21,296‌
USD
4,728‌
(203‌)
Citibank
10/13/23
USD
5,938‌
CZK
131,896‌
225‌
Citibank
10/19/23
USD
12,481‌
ILS
46,144‌
372‌
Citibank
10/20/23
AUD
10,260‌
USD
7,021‌
(419‌)
Citibank
10/20/23
USD
2,935‌
JPY
414,045‌
154‌
Citibank
11/10/23
USD
387‌
CLP
331,158‌
15‌
Citibank
11/24/23
EUR
1,388‌
USD
1,472‌
(1‌)
Citibank
11/24/23
USD
154‌
EUR
144‌
1‌
Citibank
11/24/23
USD
1,668‌
GBP
1,367‌
—‌
Citibank
12/7/23
USD
807‌
COP
3,419,318‌
(16‌)
Citibank
12/15/23
CNH
5,404‌
USD
744‌
(1‌)
Citibank
1/17/24
USD
3,900‌
TWD
125,120‌
(11‌)
Deutsche
Bank
10/6/23
USD
3,364‌
TWD
104,238‌
130‌
Deutsche
Bank
10/13/23
CZK
136,539‌
USD
6,256‌
(342‌)
Deutsche
Bank
10/13/23
HUF
2,405,933‌
USD
6,819‌
(305‌)
Deutsche
Bank
10/13/23
USD
5,323‌
CZK
117,535‌
232‌
Deutsche
Bank
10/19/23
ILS
1,199‌
USD
315‌
—‌
Deutsche
Bank
11/24/23
USD
3,140‌
EUR
2,932‌
32‌
Deutsche
Bank
12/8/23
USD
7,199‌
THB
250,305‌
281‌
Goldman
Sachs
10/6/23
IDR
24,743,590‌
USD
1,614‌
(14‌)
Goldman
Sachs
10/6/23
KRW
6,842,678‌
USD
5,169‌
(99‌)
Goldman
Sachs
10/6/23
TWD
67,052‌
USD
2,079‌
1‌
Goldman
Sachs
10/6/23
TWD
40,172‌
USD
1,247‌
(1‌)
Goldman
Sachs
10/6/23
USD
4,086‌
IDR
61,116,410‌
133‌
Goldman
Sachs
10/6/23
USD
1,383‌
IDR
21,462,836‌
(5‌)
Goldman
Sachs
10/6/23
USD
5,920‌
TWD
183,634‌
223‌
Goldman
Sachs
10/20/23
JPY
50,168‌
USD
340‌
(3‌)
Goldman
Sachs
10/20/23
USD
6,630‌
JPY
906,235‌
543‌
Goldman
Sachs
11/24/23
USD
6,023‌
GBP
4,723‌
258‌
Goldman
Sachs
12/4/23
USD
2,277‌
BRL
11,254‌
57‌
Goldman
Sachs
12/8/23
USD
2,418‌
INR
202,195‌
(6‌)
Goldman
Sachs
12/15/23
CNH
120,783‌
USD
16,735‌
(128‌)
Goldman
Sachs
1/17/24
IDR
21,462,836‌
USD
1,380‌
4‌
Goldman
Sachs
1/17/24
USD
3,345‌
TWD
107,224‌
(6‌)
HSBC
Bank
10/6/23
USD
1,359‌
IDR
21,010,449‌
1‌
HSBC
Bank
10/6/23
USD
3,108‌
TWD
96,220‌
123‌
HSBC
Bank
10/13/23
HUF
555,832‌
USD
1,552‌
(47‌)
T.
ROWE
PRICE
International
Bond
Fund
27
(Amounts
in
000s)
FORWARD
CURRENCY
EXCHANGE
CONTRACTS
(CONTINUED)
Counterparty
Settlement
Receive
Deliver
Unrealized
Gain/(Loss)
HSBC
Bank
10/20/23
JPY
572,374‌
USD
3,865‌
$
(20‌)
HSBC
Bank
11/24/23
EUR
14,242‌
USD
15,581‌
(488‌)
HSBC
Bank
12/8/23
THB
50,585‌
USD
1,399‌
(1‌)
HSBC
Bank
12/8/23
USD
21,725‌
MYR
100,667‌
141‌
HSBC
Bank
12/15/23
CNH
19,870‌
USD
2,725‌
7‌
HSBC
Bank
12/15/23
CNH
241,570‌
USD
33,450‌
(235‌)
HSBC
Bank
12/15/23
SGD
2,452‌
USD
1,798‌
2‌
HSBC
Bank
1/17/24
IDR
21,010,449‌
USD
1,358‌
(2‌)
JPMorgan
Chase
10/13/23
CZK
9,897‌
USD
457‌
(28‌)
JPMorgan
Chase
10/13/23
MXN
13,908‌
USD
805‌
(9‌)
JPMorgan
Chase
10/13/23
USD
734‌
MXN
12,829‌
—‌
JPMorgan
Chase
10/20/23
AUD
585‌
USD
378‌
(1‌)
JPMorgan
Chase
10/20/23
CAD
8,086‌
USD
6,144‌
(189‌)
JPMorgan
Chase
10/20/23
JPY
61,693‌
USD
440‌
(25‌)
JPMorgan
Chase
10/20/23
NOK
16,159‌
USD
1,614‌
(102‌)
JPMorgan
Chase
10/20/23
USD
7,882‌
JPY
1,119,912‌
360‌
JPMorgan
Chase
11/24/23
EUR
1,201‌
USD
1,308‌
(35‌)
JPMorgan
Chase
11/24/23
GBP
4,757‌
USD
6,035‌
(230‌)
JPMorgan
Chase
11/24/23
USD
2,419‌
EUR
2,256‌
28‌
JPMorgan
Chase
11/24/23
USD
89‌
EUR
84‌
(1‌)
JPMorgan
Chase
11/24/23
USD
650‌
GBP
529‌
4‌
JPMorgan
Chase
12/7/23
USD
592‌
COP
2,373,021‌
20‌
JPMorgan
Chase
12/8/23
MYR
1,666‌
USD
357‌
—‌
JPMorgan
Chase
12/8/23
USD
618‌
THB
21,558‌
22‌
Morgan
Stanley
10/6/23
TWD
151,748‌
USD
4,748‌
(40‌)
Morgan
Stanley
10/13/23
USD
770‌
MXN
13,370‌
5‌
Morgan
Stanley
11/10/23
CLP
954,772‌
USD
1,110‌
(39‌)
Morgan
Stanley
11/24/23
USD
3,795‌
EUR
3,533‌
51‌
Morgan
Stanley
11/24/23
USD
464‌
EUR
439‌
(1‌)
Morgan
Stanley
11/24/23
USD
1,216‌
GBP
953‌
53‌
Morgan
Stanley
11/24/23
USD
13,029‌
SEK
140,570‌
133‌
Morgan
Stanley
12/8/23
USD
2,336‌
THB
81,648‌
80‌
Morgan
Stanley
12/15/23
CNH
366,251‌
USD
50,570‌
(211‌)
Morgan
Stanley
1/17/24
USD
1,711‌
PEN
6,536‌
(5‌)
RBC
Dominion
Securities
10/13/23
USD
822‌
MXN
14,325‌
2‌
RBC
Dominion
Securities
10/20/23
CAD
31,035‌
USD
23,590‌
(734‌)
RBC
Dominion
Securities
10/20/23
USD
14,051‌
CAD
18,771‌
227‌
RBC
Dominion
Securities
10/20/23
USD
10,388‌
JPY
1,501,247‌
304‌
Standard
Chartered
10/6/23
USD
739‌
KRW
988,850‌
6‌
Standard
Chartered
11/24/23
GBP
1,690‌
USD
2,078‌
(16‌)
Standard
Chartered
12/8/23
MYR
7,738‌
USD
1,661‌
(2‌)
Standard
Chartered
12/15/23
USD
6,795‌
SGD
9,232‌
17‌
State
Street
10/13/23
USD
2,517‌
MXN
43,929‌
2‌
T.
ROWE
PRICE
International
Bond
Fund
28
(Amounts
in
000s)
FORWARD
CURRENCY
EXCHANGE
CONTRACTS
(CONTINUED)
Counterparty
Settlement
Receive
Deliver
Unrealized
Gain/(Loss)
State
Street
10/20/23
AUD
7,445‌
USD
4,824‌
$
(33‌)
State
Street
10/20/23
CAD
15,151‌
USD
11,397‌
(239‌)
State
Street
10/20/23
CHF
8,131‌
USD
9,561‌
(658‌)
State
Street
11/24/23
EUR
19,734‌
USD
21,615‌
(701‌)
State
Street
11/24/23
USD
177‌
EUR
168‌
(1‌)
State
Street
11/24/23
USD
2,862‌
GBP
2,306‌
48‌
State
Street
11/24/23
USD
121‌
GBP
100‌
(1‌)
State
Street
12/8/23
USD
465‌
THB
16,208‌
17‌
UBS
Investment
Bank
10/6/23
USD
1,329‌
IDR
20,621,157‌
(5‌)
UBS
Investment
Bank
10/6/23
USD
4,551‌
KRW
5,792,017‌
259‌
UBS
Investment
Bank
10/6/23
USD
1,126‌
PEN
4,273‌
(2‌)
UBS
Investment
Bank
10/13/23
HUF
161,964‌
USD
452‌
(14‌)
UBS
Investment
Bank
10/13/23
USD
1,158‌
CZK
26,504‌
10‌
UBS
Investment
Bank
10/13/23
USD
2,529‌
HUF
911,567‌
61‌
UBS
Investment
Bank
10/13/23
USD
4,630‌
MXN
79,533‌
78‌
UBS
Investment
Bank
10/13/23
USD
4,837‌
RON
22,503‌
56‌
UBS
Investment
Bank
10/20/23
USD
9,612‌
CHF
8,351‌
468‌
UBS
Investment
Bank
10/20/23
USD
11,754‌
JPY
1,663,195‌
582‌
UBS
Investment
Bank
11/17/23
PLN
29,974‌
USD
6,902‌
(50‌)
UBS
Investment
Bank
11/17/23
USD
9,992‌
PLN
41,995‌
392‌
UBS
Investment
Bank
11/24/23
EUR
804‌
USD
851‌
1‌
UBS
Investment
Bank
11/24/23
USD
4,092‌
EUR
3,818‌
45‌
UBS
Investment
Bank
11/24/23
USD
345‌
EUR
325‌
—‌
UBS
Investment
Bank
11/24/23
USD
6,074‌
GBP
4,762‌
263‌
UBS
Investment
Bank
12/7/23
USD
1,637‌
COP
6,872,830‌
(18‌)
UBS
Investment
Bank
12/8/23
THB
19,138‌
USD
527‌
2‌
UBS
Investment
Bank
12/8/23
USD
8,742‌
THB
302,791‌
375‌
UBS
Investment
Bank
1/17/24
IDR
20,621,157‌
USD
1,327‌
3‌
UBS
Investment
Bank
1/17/24
USD
5,557‌
PEN
6,023‌
(2‌)
Wells
Fargo
10/6/23
PEN
4,273‌
USD
1,168‌
(40‌)
Net
unrealized
gain
(loss)
on
open
forward
currency
exchange
contracts
$
(8,440‌)
T.
ROWE
PRICE
International
Bond
Fund
29
FUTURES
CONTRACTS
($000s)
Expiration
Date
Notional
Amount
Value
and
Unrealized
Gain
(Loss)
Short,
95
Commonwealth
of
Australia
ten
year
bond
contracts
12/23
(6,839)
$
173‌
Long,
56
Commonwealth
of
Australia
three
year
bond
contracts
12/23
3,793
(21‌)
Short,
36
Euro
BOBL
contracts
12/23
(4,406)
35‌
Short,
96
Euro
BUND
contracts
12/23
(13,056)
359‌
Long,
18
Euro
BUXL
thirty
year
bond
contracts
12/23
2,329
(188‌)
Long,
26
Euro
SCHATZ
contracts
12/23
2,886
2‌
Short,
48
Government
of
Canada
ten
year
bond
contracts
12/23
(4,069)
105‌
Short,
18
Government
of
Japan
ten
year
bond
contracts
12/23
(17,460)
116‌
Long,
318
Republic
of
South
Korea
ten
year
bond
contracts
12/23
25,428
(218‌)
Short,
226
Republic
of
South
Korea
three
year
bond
contracts
12/23
(17,259)
8‌
Short,
29
U.K.
Gilt
ten
year
contracts
12/23
(3,332)
17‌
Short,
113
U.S.
Treasury
Notes
five
year
contracts
12/23
(11,906)
100‌
Short,
74
U.S.
Treasury
Notes
ten
year
contracts
12/23
(7,997)
138‌
Short,
52
Ultra
U.S.
Treasury
Notes
ten
year
contracts
12/23
(5,801)
162‌
Net
payments
(receipts)
of
variation
margin
to
date
(970‌)
Variation
margin
receivable
(payable)
on
open
futures
contracts
$
(182‌)
T.
ROWE
PRICE
International
Bond
Fund
30
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
nine
months
ended
September
30,
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,
5.40%
$
—‌
$
—‌
$
908‌++
Totals
$
—‌#
$
—‌
$
908‌+
Supplementary
Investment
Schedule
Affiliate
Value
12/31/22
Purchase
Cost
Sales
Cost
Value
09/30/23
T.
Rowe
Price
Government
Reserve
Fund,
5.40%
$
57,376‌
 ¤
 ¤
$
56,432‌
Total
$
56,432‌^
#
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
$908
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
$56,432.
T.
ROWE
PRICE
International
Bond
Fund
Unaudited
Notes
to
Portfolio
of
Investments
31
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.
ROWE
PRICE
International
Bond
Fund
32
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.
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
representative
of
fair
value.
However,
the
Valuation
Designee may
also
consider
other
valuation
methods
such
as
market-based
valuation
multiples;
a
discount
or
premium
T.
ROWE
PRICE
International
Bond
Fund
33
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
September
30,
2023
(for
further
detail
by
category,
please
refer
to
the
accompanying
Portfolio
of
Investments):
T.
ROWE
PRICE
International
Bond
Fund
34
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
$
—‌
$
871,863‌
$
—‌
$
871,863‌
Short-Term
Investments
34,152‌
16,038‌
—‌
50,190‌
Securities
Lending
Collateral
22,280‌
—‌
—‌
22,280‌
Total
Securities
56,432‌
887,901‌
—‌
944,333‌
Swaps*
—‌
1,646‌
—‌
1,646‌
Forward
Currency
Exchange
Contracts
—‌
9,007‌
—‌
9,007‌
Futures
Contracts*
1,215‌
—‌
—‌
1,215‌
Total
$
57,647‌
$
898,554‌
$
—‌
$
956,201‌
Liabilities
Swaps*
$
—‌
$
8,646‌
$
—‌
$
8,646‌
Forward
Currency
Exchange
Contracts
—‌
17,447‌
—‌
17,447‌
Futures
Contracts*
427‌
—‌
—‌
427‌
Total
$
427‌
$
26,093‌
$
—‌
$
26,520‌
1
Includes
Asset-Backed
Securities,
Convertible
Bonds,
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.
ROWE
PRICE
International
Bond
Fund
35
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.
F76-054Q3
09/23