RPIHX T. Rowe Price Global High Income Bd Forecast, Technical & Fundamental Analysis

The investment seeks high income and, secondarily, capital appreciation. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in bonds that are rated below investment-grade. It seeks to invest in a diversified portfolio of high yield bonds, also known as "junk" bonds, and other high income producing instruments. Junk bonds are bonds that are rated below investment grade (BB and lower, or an equivalent rating) by established credit rating agencies or, if unrated, deemed to be below investment grade by T. Rowe Price.