T. Rowe Price Emerging Markets Bond Fund
T. Rowe Price Institutional Emerging Markets Bond Fund
The portfolio manager table under “Management” is supplemented as follows:
Effective June 30, 2020, Samy B. Muaddi will join Michael J. Conelius as a portfolio manager and Cochairman of the fund’s Investment Advisory Committee. Mr. Muaddi joined T. Rowe Price in 2006. Effective June 30, 2021, Mr. Conelius will step down as a portfolio manager and Cochairman of the fund’s Investment Advisory Committee and Mr. Muaddi will become the sole portfolio manager and Chairman of the fund’s Investment Advisory Committee.
G16-041-S 6/24/20