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Your take on TRECX?

hank
edited August 2020 in Fund Discussions
T Rowe Price Emerging Markets Corporate Bond (TRECX)

Just noticed this one in their stable. Bit of a mystery. While they seek “high current income”, the average maturity is in excess of 5 years - not exactly a “safe” or low volatility bond fund. I do like that Lipper has it ranked near the top of the stack and M* gives it 5 stars. I haven’t had time to read the prospectus, but my guess is they hedge quite a bit against currency flux with this one. Wonder how it compares to their PREMX (hedged) and PRELX unhedged EM bond funds. It’s currently in a funk, which appears to happen in roughly alternating 1-2 year periods.

Comments

  • carew388carew388
    IIRC, PREMX invests in EMB issued in USD. TRECX may be EM corporate bonds issued in USD. So far, it has outpaced both PREMX and PRELX. Looks interesting so I'll buy a small position at Schwab where the fund minimum is $100.
  • hank
    edited August 2020
    Yeah - I’ve pondered taking a small spec on it. It was hot in 2019 so I’m guessing it won’t do much for a while yet just looking at its history on Yahoo’s great site. I’m in no hurry to add one more to the “fund collection”.

    Minimums? If directly at TRP It’s still a low $1,000 for IRAs ($2500 regular accounts).
  • carew388carew388
    Unfortunately, I'm a piker, so I'll start with $500 at Schwab and see how that does.
  • hank
    Not a bad idea. I just get “confused” if I own over 8 or 10 funds. Fewer is better at my age.:)
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