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T. Rowe Price Global Stock Fund (PRGSX) NPORT-PT. Rowe Price International Bond Fund (Sep 2024 report)

Filed: 26 Nov 24, 12:30pm

T.

ROWE

PRICE

International

Bond

Fund

September

30,

2024

(Unaudited)

1

Portfolio

of

Investments

‡

Par/Shares

$

Value

(

Cost

and

value

in

$000s)

‡

ALBANIA 0.4%

Government

Bonds 0.4%

Republic

of

Albania,

5.90%,

6/9/28

(EUR) (1)

2,640,000‌

3,080‌

Total

Albania

(Cost

$2,802)

3,080‌

AUSTRALIA 4.0%

Corporate

Bonds 1.2%

APA

Infrastructure,

2.00%,

3/22/27

(EUR)

410,000‌

444‌

APA

Infrastructure,

3.50%,

3/22/30

(GBP)

940,000‌

1,153‌

AusNet

Services

Holdings,

1.50%,

2/26/27

(EUR)

415,000‌

447‌

Brambles

Finance,

4.25%,

3/22/31

(EUR)

1,430,000‌

1,687‌

NBN,

4.125%,

3/15/29

(EUR)

1,910,000‌

2,227‌

Sydney

Airport

Finance,

1.75%,

4/26/28

(EUR)

415,000‌

442‌

Sydney

Airport

Finance,

4.375%,

5/3/33

(EUR)

1,355,000‌

1,599‌

Transurban

Finance,

1.75%,

3/29/28

(EUR)

415,000‌

444‌

Transurban

Finance,

3.00%,

4/8/30

(EUR)

1,900,000‌

2,095‌

10,538‌

Government

Bonds 2.8%

Commonwealth

of

Australia,

Series

140,

4.50%,

4/21/33

22,514,000‌

16,191‌

Commonwealth

of

Australia,

Series

150,

3.00%,

3/21/47

4,372,000‌

2,365‌

New

South

Wales

Treasury,

Series

26,

4.00%,

5/20/26

9,397,400‌

6,508‌

25,064‌

Total

Australia

(Cost

$37,143)

35,602‌

AUSTRIA 0.9%

Corporate

Bonds 0.0%

Mondi

Finance

Europe,

2.375%,

4/1/28

395,000‌

431‌

431‌

Government

Bonds 0.9%

Republic

of

Austria,

0.75%,

3/20/51 (1)

6,290,000‌

4,155‌

Republic

of

Austria,

3.15%,

10/20/53 (1)

3,347,000‌

3,779‌

7,934‌

Total

Austria

(Cost

$8,107)

8,365‌

T.

ROWE

PRICE

International

Bond

Fund

2

Par/Shares

$

Value

(Cost

and

value

in

$000s)

BELGIUM 0.1%

Corporate

Bonds 0.1%

Anheuser-Busch

InBev,

1.15%,

1/22/27

410,000‌

442‌

Anheuser-Busch

InBev,

1.65%,

3/28/31

300,000‌

309‌

Total

Belgium

(Cost

$718)

751‌

BRAZIL 1.3%

Corporate

Bonds 0.3%

Braskem

Netherlands

Finance,

4.50%,

1/10/28

(USD)

450,000‌

425‌

Braskem

Netherlands

Finance,

4.50%,

1/31/30

(USD)

1,325,000‌

1,182‌

MercadoLibre,

3.125%,

1/14/31

(USD)

980,000‌

889‌

2,496‌

Government

Bonds 1.0%

Brazil

Notas

do

Tesouro

Nacional,

Series

NTNB,

6.00%,

5/15/35

13,450,818‌

2,396‌

Brazil

Notas

do

Tesouro

Nacional,

Series

NTNF,

10.00%,

1/1/31

40,333,000‌

6,673‌

9,069‌

Total

Brazil

(Cost

$12,046)

11,565‌

BULGARIA 0.8%

Government

Bonds 0.8%

Republic

of

Bulgaria,

4.50%,

1/27/33

(EUR)

3,310,000‌

3,971‌

Republic

of

Bulgaria,

Series

7Y,

4.375%,

5/13/31

(EUR)

2,635,000‌

3,131‌

Total

Bulgaria

(Cost

$6,354)

7,102‌

CANADA 4.9%

Asset-Backed

Securities 0.2%

Cologix

Canadian

Issuer,

Series

2022-1CAN,

Class

A2,

4.94%,

1/25/52 (1)

1,690,000‌

1,201‌

1,201‌

Corporate

Bonds 0.8%

Magna

International,

1.50%,

9/25/27

(EUR)

415,000‌

444‌

Royal

Bank

of

Canada,

4.125%,

7/5/28

(EUR)

375,000‌

436‌

TER

Finance

Jersey,

Series

21,

Zero

Coupon,

1/2/25

(USD) (1)

(2)

2,700,000‌

2,659‌

Toronto-Dominion

Bank,

2.551%,

8/3/27

(EUR)

400,000‌

442‌

T.

ROWE

PRICE

International

Bond

Fund

3

Par/Shares

$

Value

(Cost

and

value

in

$000s)

Transcanada

Trust,

Series

17-B,

VR,

4.65%,

5/18/77 (3)

4,481,000‌

3,255‌

7,236‌

Government

Bonds 3.9%

Government

of

Canada,

Series

0318,

4.00%,

3/1/29

21,684,000‌

16,878‌

Government

of

Canada

Real

Return

Bond,

Inflation-Indexed,

Series

CPI,

4.00%,

12/1/31

20,037,523‌

17,565‌

Province

of

Ontario,

3.50%,

6/2/43

496,000‌

339‌

34,782‌

Total

Canada

(Cost

$44,329)

43,219‌

CHILE 0.9%

Corporate

Bonds 0.3%

Corp.

Nacional

del

Cobre

de

Chile,

6.30%,

9/8/53

(USD) (1)

1,615,000‌

1,719‌

Interchile,

4.50%,

6/30/56

(USD)

1,700,000‌

1,446‌

3,165‌

Government

Bonds 0.6%

Bonos

de

la

Tesoreria

de

la

Republica

en

pesos,

5.80%,

10/1/34 (1)

3,305,000,000‌

3,890‌

Republic

of

Chile,

4.125%,

7/5/34

(EUR)

1,100,000‌

1,282‌

5,172‌

Total

Chile

(Cost

$7,740)

8,337‌

CHINA 7.3%

Corporate

Bonds 0.3%

State

Grid

Overseas

Investment

BVI,

1.375%,

5/2/25

(EUR) (1)

2,000,000‌

2,200‌

2,200‌

Government

Bonds 7.0%

China

Development

Bank,

Series

1905,

3.48%,

1/8/29

30,000,000‌

4,532‌

People's

Republic

of

China,

Series

INBK,

2.28%,

3/25/31

10,000,000‌

1,454‌

People's

Republic

of

China,

Series

INBK,

2.60%,

9/1/32

144,000,000‌

21,176‌

People's

Republic

of

China,

Series

INBK,

2.69%,

8/15/32

90,000,000‌

13,316‌

People's

Republic

of

China,

Series

INBK,

3.13%,

11/21/29

45,000,000‌

6,805‌

People's

Republic

of

China,

Series

INBK,

3.32%,

4/15/52

48,000,000‌

8,022‌

People's

Republic

of

China,

Series

INBK,

3.53%,

10/18/51

30,000,000‌

5,283‌

People's

Republic

of

China,

Series

INBK,

4.00%,

6/24/69

9,000,000‌

1,851‌

62,439‌

Total

China

(Cost

$60,777)

64,639‌

T.

ROWE

PRICE

International

Bond

Fund

4

Par/Shares

$

Value

(Cost

and

value

in

$000s)

COLOMBIA 1.5%

Government

Bonds 1.5%

Republic

of

Colombia,

Series

B,

6.00%,

4/28/28

9,493,400,000‌

2,057‌

Republic

of

Colombia,

Series

B,

7.00%,

3/26/31

17,280,000,000‌

3,643‌

Republic

of

Colombia,

Series

B,

7.25%,

10/18/34

20,354,900,000‌

4,016‌

Republic

of

Colombia,

Series

B,

13.25%,

2/9/33

12,127,600,000‌

3,422‌

Total

Colombia

(Cost

$12,119)

13,138‌

CYPRUS 0.5%

Government

Bonds 0.5%

Republic

of

Cyprus,

0.95%,

1/20/32

3,426,000‌

3,361‌

Republic

of

Cyprus,

1.50%,

4/16/27

425,000‌

461‌

Republic

of

Cyprus,

2.75%,

5/3/49

642,000‌

623‌

Total

Cyprus

(Cost

$5,346)

4,445‌

CZECH

REPUBLIC 0.1%

Government

Bonds 0.1%

Republic

of

Czech,

Series

125,

1.50%,

4/24/40

33,570,000‌

1,060‌

Total

Czech

Republic

(Cost

$1,000)

1,060‌

DENMARK 0.7%

Corporate

Bonds 0.7%

Carlsberg

Breweries,

0.375%,

6/30/27

(EUR)

430,000‌

448‌

Danske

Bank,

VR,

0.75%,

6/9/29

(EUR) (3)

560,000‌

572‌

Danske

Bank,

VR,

1.375%,

2/17/27

(EUR) (3)

500,000‌

544‌

Danske

Bank,

VR,

1.375%,

2/12/30

(EUR) (3)

775,000‌

855‌

Danske

Bank,

VR,

4.50%,

11/9/28

(EUR) (3)

380,000‌

440‌

Orsted,

4.875%,

1/12/32

(GBP)

910,000‌

1,203‌

TDC

Net,

5.056%,

5/31/28

(EUR)

365,000‌

422‌

TDC

Net,

5.618%,

2/6/30

(EUR)

1,345,000‌

1,584‌

Total

Denmark

(Cost

$5,737)

6,068‌

EGYPT 0.6%

Government

Bonds 0.6%

Arab

Republic

of

Egypt,

Treasury

Bills,

Series

364D,

28.499%,

3/11/25

34,375,000‌

633‌

T.

ROWE

PRICE

International

Bond

Fund

5

Par/Shares

$

Value

(Cost

and

value

in

$000s)

Arab

Republic

of

Egypt,

Treasury

Bills,

Series

364D,

28.60%,

3/4/25

59,375,000‌

1,099‌

Arab

Republic

of

Egypt,

Treasury

Bills,

Series

364D,

29.00%,

3/18/25

66,800,000‌

1,225‌

Arab

Republic

of

Egypt,

Treasury

Bills,

Series

364D,

31.25%,

12/10/24

119,400,000‌

2,348‌

Total

Egypt

(Cost

$5,263)

5,305‌

ESTONIA 0.7%

Government

Bonds 0.7%

Republic

of

Estonia,

3.25%,

1/17/34

5,150,000‌

5,828‌

Total

Estonia

(Cost

$5,605)

5,828‌

FINLAND 0.1%

Corporate

Bonds 0.1%

Elisa,

0.25%,

9/15/27

435,000‌

449‌

Metso,

0.875%,

5/26/28

440,000‌

451‌

Total

Finland

(Cost

$879)

900‌

FRANCE 2.8%

Corporate

Bonds 1.7%

Altice

France,

5.875%,

2/1/27 (1)

375,000‌

326‌

Banque

Federative

du

Credit

Mutuel,

1.25%,

5/26/27

500,000‌

535‌

Banque

Federative

du

Credit

Mutuel,

3.125%,

9/14/27

400,000‌

448‌

Banque

Federative

du

Credit

Mutuel,

5.125%,

1/13/33

900,000‌

1,075‌

Banque

Stellantis

France,

4.00%,

1/21/27

400,000‌

454‌

BNP

Paribas,

VR,

2.125%,

1/23/27 (3)

1,000,000‌

1,098‌

BNP

Paribas,

VR,

3.875%,

1/10/31 (3)

500,000‌

578‌

BPCE,

0.25%,

1/14/31

1,100,000‌

1,029‌

Credit

Agricole

Assurances,

VR,

2.625%,

1/29/48 (3)

1,000,000‌

1,071‌

Electricite

de

France,

6.125%,

6/2/34

(GBP)

1,200,000‌

1,664‌

EssilorLuxottica,

0.375%,

11/27/27

400,000‌

416‌

Holding

d'Infrastructures

de

Transport,

1.475%,

1/18/31

1,300,000‌

1,280‌

IPD

3,

8.00%,

6/15/28 (1)

305,000‌

359‌

Loxam,

6.375%,

5/15/28

645,000‌

744‌

Orange,

3.25%,

1/15/32

(GBP)

1,100,000‌

1,333‌

RTE

Reseau

de

Transport

d'Electricite

SADIR,

0.75%,

1/12/34

1,100,000‌

986‌

Veolia

Environnement,

1.25%,

4/2/27

1,000,000‌

1,072‌

Veolia

Environnement,

1.94%,

1/7/30

500,000‌

528‌

14,996‌

T.

ROWE

PRICE

International

Bond

Fund

6

Par/Shares

$

Value

(Cost

and

value

in

$000s)

Government

Bonds 1.1%

Republic

of

France,

Series

OAT,

1.25%,

5/25/36 (1)

10,933,000‌

10,057‌

10,057‌

Total

France

(Cost

$25,089)

25,053‌

GERMANY 4.7%

Corporate

Bonds 1.3%

Daimler

Truck

International

Finance,

1.625%,

4/6/27

400,000‌

431‌

E.ON

International

Finance,

6.25%,

6/3/30

(GBP)

1,865,000‌

2,659‌

Fresenius,

1.625%,

10/8/27

415,000‌

448‌

Fresenius,

5.00%,

11/28/29

1,200,000‌

1,439‌

Gruenenthal,

3.625%,

11/15/26 (1)

200,000‌

220‌

Gruenenthal,

6.75%,

5/15/30 (1)

100,000‌

119‌

Gruenenthal,

6.75%,

5/15/30

600,000‌

712‌

Hannover

Rueck,

1.125%,

4/18/28

400,000‌

425‌

Hannover

Rueck,

VR,

1.125%,

10/9/39 (3)

900,000‌

893‌

Hannover

Rueck,

VR,

1.75%,

10/8/40 (3)

900,000‌

906‌

Knorr-Bremse,

3.25%,

9/21/27

400,000‌

449‌

ProGroup,

5.375%,

4/15/31 (1)

430,000‌

465‌

TK

Elevator

Midco,

4.375%,

7/15/27 (1)(4)

490,000‌

539‌

Volkswagen

Bank,

4.375%,

5/3/28

400,000‌

456‌

Volkswagen

Financial

Services

Overseas,

0.375%,

2/12/30

825,000‌

774‌

Volkswagen

International

Finance,

Series

10Y,

1.875%,

3/30/27

200,000‌

215‌

11,150‌

Government

Bonds 3.4%

Bundesobligation,

Series

184,

0.00%,

10/9/26

8,979,000‌

9,598‌

Bundesrepublik

Deutschland

Bundesanleihe,

0.00%,

2/15/30

2,962,000‌

2,979‌

Bundesrepublik

Deutschland

Bundesanleihe,

2.50%,

8/15/54

7,149,000‌

8,021‌

Bundesrepublik

Deutschland

Bundesanleihe,

4.75%,

7/4/40

1,072,000‌

1,555‌

Deutsche

Bundesrepublik,

Inflation-Indexed,

0.50%,

4/15/30

6,871,378‌

7,712‌

KfW,

4.70%,

6/2/37

(CAD)

924,000‌

736‌

30,601‌

Total

Germany

(Cost

$40,347)

41,751‌

GREECE 0.4%

Government

Bonds 0.4%

Hellenic

Republic,

0.75%,

6/18/31 (1)

3,809,000‌

3,722‌

Total

Greece

(Cost

$4,588)

3,722‌

T.

ROWE

PRICE

International

Bond

Fund

7

Par/Shares

$

Value

(Cost

and

value

in

$000s)

HUNGARY 0.5%

Corporate

Bonds 0.1%

OTP

Bank,

VR,

7.35%,

3/4/26

(EUR) (3)

910,000‌

1,028‌

1,028‌

Government

Bonds 0.4%

Magyar

Export-Import

Bank,

6.00%,

5/16/29

(EUR)

670,000‌

803‌

Republic

of

Hungary,

Series

33/A,

2.25%,

4/20/33

320,290,000‌

678‌

Republic

of

Hungary,

Series

4Y,

5.00%,

2/22/27

(EUR)

1,557,000‌

1,806‌

3,287‌

Total

Hungary

(Cost

$4,013)

4,315‌

ICELAND 0.6%

Corporate

Bonds 0.2%

Landsbankinn,

0.375%,

5/23/25

(EUR)

1,675,000‌

1,825‌

1,825‌

Government

Bonds 0.4%

Republic

of

Iceland,

0.00%,

4/15/28

(EUR)

2,249,000‌

2,288‌

Republic

of

Iceland,

3.50%,

3/21/34

(EUR)

1,283,000‌

1,497‌

3,785‌

Total

Iceland

(Cost

$5,990)

5,610‌

INDIA 1.2%

Government

Bonds 1.2%

Republic

of

India,

6.54%,

1/17/32

338,480,000‌

4,006‌

Republic

of

India,

7.26%,

8/22/32

534,200,000‌

6,597‌

Total

India

(Cost

$10,368)

10,603‌

INDONESIA 3.6%

Corporate

Bonds 0.2%

Freeport

Indonesia,

4.763%,

4/14/27

(USD)

1,430,000‌

1,442‌

Minejesa

Capital,

5.625%,

8/10/37

(USD)

400,000‌

385‌

1,827‌

Government

Bonds 3.4%

Republic

of

Indonesia,

3.75%,

6/14/28

(EUR)

6,942,000‌

7,858‌

T.

ROWE

PRICE

International

Bond

Fund

8

Par/Shares

$

Value

(Cost

and

value

in

$000s)

Republic

of

Indonesia,

Series

FR86,

5.50%,

4/15/26

73,160,000,000‌

4,784‌

Republic

of

Indonesia,

Series

FR91,

6.375%,

4/15/32

11,860,000,000‌

781‌

Republic

of

Indonesia,

Series

FR95,

6.375%,

8/15/28

20,302,000,000‌

1,349‌

Republic

of

Indonesia,

Series

FR96,

7.00%,

2/15/33

185,532,000,000‌

12,702‌

Republic

of

Indonesia,

Series

101,

6.875%,

4/15/29

37,900,000,000‌

2,575‌

30,049‌

Total

Indonesia

(Cost

$30,825)

31,876‌

IRELAND 0.2%

Corporate

Bonds 0.1%

Smurfit

Kappa

Treasury,

1.50%,

9/15/27

420,000‌

448‌

448‌

Government

Bonds 0.1%

Republic

of

Ireland,

1.50%,

5/15/50

252,000‌

213‌

Republic

of

Ireland,

2.00%,

2/18/45

848,000‌

819‌

1,032‌

Total

Ireland

(Cost

$1,905)

1,480‌

ISRAEL 0.4%

Government

Bonds 0.4%

State

of

Israel,

1.50%,

1/18/27

(EUR)

3,044,000‌

3,195‌

Total

Israel

(Cost

$3,296)

3,195‌

ITALY 3.5%

Corporate

Bonds 0.8%

Aeroporti

di

Roma,

1.625%,

6/8/27

405,000‌

437‌

Autostrade

per

l'Italia,

1.625%,

1/25/28

425,000‌

451‌

Autostrade

per

l'Italia,

2.00%,

1/15/30

1,067,000‌

1,104‌

CA

Auto

Bank,

4.75%,

1/25/27

380,000‌

439‌

Inter

Media

and

Communication,

6.75%,

2/9/27

912,079‌

1,028‌

Intesa

Sanpaolo,

1.75%,

7/4/29

1,515,000‌

1,591‌

Italgas,

1.625%,

1/19/27

405,000‌

440‌

Snam,

0.875%,

10/25/26

1,165,000‌

1,248‌

6,738‌

Government

Bonds 2.7%

Italy

Buoni

Poliennali

Del

Tesoro,

Series

30Y,

4.50%,

10/1/53 (1)

3,716,000‌

4,421‌

T.

ROWE

PRICE

International

Bond

Fund

9

Par/Shares

$

Value

(Cost

and

value

in

$000s)

Italy

Buoni

Poliennali

Del

Tesoro,

Series

50Y,

2.80%,

3/1/67

5,290,000‌

4,489‌

Italy

Buoni

Poliennali

Del

Tesoro,

Series

CPI,

1.30%,

5/15/28 (1)

6,237,296‌

7,004‌

Republic

of

Italy,

Series

5Y,

2.375%,

10/17/24

(USD)

8,075,000‌

8,064‌

23,978‌

Total

Italy

(Cost

$32,049)

30,716‌

IVORY

COAST 0.3%

Government

Bonds 0.3%

Republic

of

Ivory

Coast,

5.875%,

10/17/31

(EUR)

2,915,000‌

3,080‌

Total

Ivory

Coast

(Cost

$2,697)

3,080‌

JAPAN 11.1%

Government

Bonds 11.1%

Government

of

Japan,

Series

16,

1.30%,

3/20/63

363,500,000‌

1,883‌

Government

of

Japan,

Series

20,

Inflation-Indexed,

0.10%,

3/10/25

1,758,718,000‌

12,328‌

Government

of

Japan,

Series

26,

Inflation-Indexed,

0.005%,

3/10/31

1,213,444,222‌

8,883‌

Government

of

Japan,

Series

27,

Inflation-Indexed,

0.005%,

3/10/32

781,383,750‌

5,687‌

Government

of

Japan,

Series

28,

Inflation-Indexed,

0.005%,

3/10/33

301,281,000‌

2,176‌

Government

of

Japan,

Series

29,

Inflation-Indexed,

0.005%,

3/10/34

1,385,624,640‌

9,964‌

Government

of

Japan,

Series

44,

1.70%,

9/20/44

1,799,000,000‌

12,486‌

Government

of

Japan,

Series

74,

1.00%,

3/20/52

1,798,550,000‌

9,753‌

Government

of

Japan,

Series

75,

1.30%,

6/20/52

1,393,000,000‌

8,143‌

Government

of

Japan,

Series

76,

1.40%,

9/20/52

1,208,200,000‌

7,225‌

Government

of

Japan,

Series

83,

2.20%,

6/20/54

152,850,000‌

1,088‌

Government

of

Japan,

Series

338,

0.40%,

3/20/25

1,795,000,000‌

12,507‌

Government

of

Japan,

Treasury

Bills,

Series

1229,

0.096%,

11/11/24

709,250,000‌

4,935‌

Government

of

Japan,

Treasury

Bills,

Series

1249,

0.071%,

11/11/24

188,750,000‌

1,313‌

Total

Japan

(Cost

$114,553)

98,371‌

KUWAIT 0.2%

Corporate

Bonds 0.2%

MEGlobal,

2.625%,

4/28/28

(USD) (1)

1,485,000‌

1,378‌

T.

ROWE

PRICE

International

Bond

Fund

10

Par/Shares

$

Value

(Cost

and

value

in

$000s)

MEGlobal,

2.625%,

4/28/28

(USD)

530,000‌

492‌

Total

Kuwait

(Cost

$1,962)

1,870‌

LATVIA 1.7%

Government

Bonds 1.7%

Republic

of

Latvia,

0.375%,

10/7/26

(EUR)

11,633,000‌

12,365‌

Republic

of

Latvia,

3.875%,

5/22/29

(EUR)

2,070,000‌

2,403‌

Total

Latvia

(Cost

$15,436)

14,768‌

LITHUANIA 0.9%

Government

Bonds 0.9%

Republic

of

Lithuania,

3.50%,

2/13/34

1,755,000‌

1,996‌

Republic

of

Lithuania,

3.875%,

6/14/33

5,040,000‌

5,940‌

Total

Lithuania

(Cost

$7,219)

7,936‌

LUXEMBOURG 0.6%

Corporate

Bonds 0.6%

Albion

Financing

1,

5.25%,

10/15/26

600,000‌

674‌

Altice

Financing,

4.25%,

8/15/29 (1)

365,000‌

326‌

Blackstone

Property

Partners

Europe

Holdings,

1.75%,

3/12/29

1,700,000‌

1,736‌

Logicor

Financing,

0.875%,

1/14/31

1,115,000‌

1,030‌

Logicor

Financing,

1.50%,

7/13/26

1,075,000‌

1,157‌

Total

Luxembourg

(Cost

$5,140)

4,923‌

MACAO 0.4%

Corporate

Bonds 0.4%

Melco

Resorts

Finance,

4.875%,

6/6/25

(USD) (4)

795,000‌

788‌

MGM

China

Holdings,

7.125%,

6/26/31

(USD) (1)

490,000‌

505‌

Sands

China,

3.80%,

1/8/26

(USD)

1,155,000‌

1,137‌

Wynn

Macau,

5.50%,

1/15/26

(USD)

980,000‌

973‌

Total

Macao

(Cost

$3,357)

3,403‌

MALAYSIA 3.5%

Government

Bonds 3.5%

Government

of

Malaysia,

Series

0119,

3.906%,

7/15/26

27,570,000‌

6,759‌

Government

of

Malaysia,

Series

0120,

4.065%,

6/15/50

10,757,000‌

2,578‌

Government

of

Malaysia,

Series

0216,

4.736%,

3/15/46

63,031,000‌

16,721‌

T.

ROWE

PRICE

International

Bond

Fund

11

Par/Shares

$

Value

(Cost

and

value

in

$000s)

Government

of

Malaysia,

Series

0318,

4.642%,

11/7/33

19,758,000‌

5,118‌

Total

Malaysia

(Cost

$27,895)

31,176‌

MEXICO 3.0%

Corporate

Bonds 0.5%

America

Movil,

5.75%,

6/28/30

(GBP)

1,070,000‌

1,494‌

BBVA

Bancomer,

VR,

5.125%,

1/18/33

(USD) (3)(4)

1,775,000‌

1,690‌

Bimbo

Bakeries

USA,

6.05%,

1/15/29

(USD) (1)

1,625,000‌

1,718‌

4,902‌

Government

Bonds 2.5%

Petroleos

Mexicanos,

4.875%,

2/21/28

(EUR)

2,700,000‌

2,877‌

United

Mexican

States,

Series

M,

7.50%,

5/26/33

137,724,000‌

6,257‌

United

Mexican

States,

Series

M,

8.50%,

5/31/29

147,344,000‌

7,306‌

United

Mexican

States,

Series

M,

8.50%,

11/18/38

120,387,000‌

5,634‌

22,074‌

Total

Mexico

(Cost

$28,026)

26,976‌

MONTENEGRO 0.3%

Government

Bonds 0.3%

Kingdom

of

Montenegro,

7.25%,

3/12/31

(USD) (1)

2,370,000‌

2,486‌

Total

Montenegro

(Cost

$2,392)

2,486‌

MOROCCO 0.2%

Government

Bonds 0.2%

Kingdom

of

Morocco,

1.375%,

3/30/26

(EUR) (4)

1,937,000‌

2,079‌

Total

Morocco

(Cost

$2,041)

2,079‌

NETHERLANDS 0.7%

Corporate

Bonds 0.7%

ING

Groep,

VR,

0.375%,

9/29/28 (3)

400,000‌

412‌

ING

Groep,

VR,

1.25%,

2/16/27 (3)

1,500,000‌

1,629‌

Nationale-Nederlanden

Bank,

0.375%,

2/26/25

1,000,000‌

1,099‌

NN

Group,

1.625%,

6/1/27 (4)

405,000‌

438‌

Sartorius

Finance,

4.50%,

9/14/32

600,000‌

703‌

Universal

Music

Group,

3.00%,

6/30/27

390,000‌

435‌

VZ

Secured

Financing,

3.50%,

1/15/32

600,000‌

617‌

Wolters

Kluwer,

1.50%,

3/22/27

410,000‌

443‌

T.

ROWE

PRICE

International

Bond

Fund

12

Par/Shares

$

Value

(Cost

and

value

in

$000s)

Ziggo,

2.875%,

1/15/30

510,000‌

523‌

Total

Netherlands

(Cost

$6,029)

6,299‌

NEW

ZEALAND 1.2%

Corporate

Bonds 0.1%

Chorus,

3.625%,

9/7/29

(EUR)

790,000‌

894‌

894‌

Government

Bonds 1.1%

New

Zealand

Government

Bond,

Series

0433,

3.50%,

4/14/33

13,519,000‌

8,156‌

New

Zealand

Government

Bond,

Series

0551,

2.75%,

5/15/51

3,063,000‌

1,340‌

9,496‌

Total

New

Zealand

(Cost

$9,985)

10,390‌

NORTH

MACEDONIA 0.1%

Government

Bonds 0.1%

Republic

of

North

Macedonia,

6.96%,

3/13/27

(EUR) (1)

860,000‌

1,002‌

Total

North

Macedonia

(Cost

$913)

1,002‌

NORWAY 0.1%

Corporate

Bonds 0.1%

Avinor,

0.75%,

10/1/30

(EUR)

1,185,000‌

1,160‌

Total

Norway

(Cost

$1,080)

1,160‌

PERU 0.4%

Government

Bonds 0.4%

Republic

of

Peru,

5.40%,

8/12/34

15,453,000‌

3,919‌

Total

Peru

(Cost

$3,525)

3,919‌

PHILIPPINES 0.1%

Government

Bonds 0.1%

Republic

of

Philippines,

0.25%,

4/28/25

(EUR)

910,000‌

993‌

Total

Philippines

(Cost

$1,093)

993‌

T.

ROWE

PRICE

International

Bond

Fund

13

Par/Shares

$

Value

(Cost

and

value

in

$000s)

PORTUGAL 0.2%

Corporate

Bonds 0.2%

Banco

Comercial

Portugues,

VR,

1.75%,

4/7/28 (3)(4)

600,000‌

648‌

Banco

Comercial

Portugues,

VR,

6.888%,

12/7/27 (3)

1,200,000‌

1,436‌

Total

Portugal

(Cost

$1,923)

2,084‌

QATAR 0.4%

Corporate

Bonds 0.4%

QatarEnergy,

3.125%,

7/12/41

(USD)

1,750,000‌

1,394‌

QNB

Finance,

2.75%,

2/12/27

(USD)

2,200,000‌

2,121‌

Total

Qatar

(Cost

$3,443)

3,515‌

ROMANIA 0.4%

Corporate

Bonds 0.4%

Banca

Transilvania,

VR,

8.875%,

4/27/27

(EUR) (3)

1,935,000‌

2,284‌

RCS

&

RDS,

3.25%,

2/5/28

(EUR) (4)

1,100,000‌

1,179‌

Total

Romania

(Cost

$3,200)

3,463‌

SERBIA 1.0%

Corporate

Bonds 0.1%

United

Group,

4.625%,

8/15/28

(EUR) (1)

650,000‌

715‌

715‌

Government

Bonds 0.9%

Republic

of

Serbia,

1.00%,

9/23/28

(EUR) (1)

4,900,000‌

4,875‌

Republic

of

Serbia,

1.50%,

6/26/29

(EUR)

385,000‌

382‌

Republic

of

Serbia,

3.125%,

5/15/27

(EUR)

2,250,000‌

2,463‌

7,720‌

Total

Serbia

(Cost

$9,191)

8,435‌

SINGAPORE 1.4%

Government

Bonds 1.4%

Government

of

Singapore,

0.50%,

11/1/25

7,340,000‌

5,579‌

Government

of

Singapore,

2.375%,

6/1/25

3,960,000‌

3,071‌

Government

of

Singapore,

2.875%,

7/1/29

4,874,000‌

3,855‌

Total

Singapore

(Cost

$11,418)

12,505‌

T.

ROWE

PRICE

International

Bond

Fund

14

Par/Shares

$

Value

(Cost

and

value

in

$000s)

SLOVENIA 0.9%

Corporate

Bonds 0.0%

Summer

BidCo,

10.00%,

2/15/29,

(10.00%

Cash

or

10.75%

PIK) (1)(5)

102,986‌

119‌

119‌

Government

Bonds 0.9%

Republic

of

Slovenia,

Series

RS74,

1.50%,

3/25/35 (4)

1,805,000‌

1,751‌

Republic

of

Slovenia,

Series

RS76,

3.125%,

8/7/45

3,533,000‌

3,814‌

Republic

of

Slovenia,

Series

RS77,

2.25%,

3/3/32

900,000‌

972‌

Republic

of

Slovenia,

Series

RS86,

0.00%,

2/12/31

955,000‌

905‌

7,442‌

Total

Slovenia

(Cost

$8,332)

7,561‌

SOUTH

AFRICA 0.9%

Corporate

Bonds 0.1%

Anglo

American

Capital,

3.375%,

3/11/29

(GBP)

850,000‌

1,071‌

1,071‌

Government

Bonds 0.8%

Republic

of

South

Africa,

Series

2035,

8.875%,

2/28/35

125,359,000‌

6,720‌

6,720‌

Total

South

Africa

(Cost

$7,340)

7,791‌

SOUTH

KOREA 0.1%

Corporate

Bonds 0.1%

Shinhan

Bank,

4.50%,

4/12/28

(USD) (1)

865,000‌

873‌

Total

South

Korea

(Cost

$862)

873‌

SPAIN 2.7%

Corporate

Bonds 1.4%

Banco

Bilbao

Vizcaya

Argentaria,

VR,

5.75%,

9/15/33 (3)

400,000‌

476‌

Banco

de

Sabadell,

VR,

0.875%,

6/16/28 (3)

1,100,000‌

1,159‌

Banco

de

Sabadell,

VR,

5.00%,

6/7/29 (3)

400,000‌

475‌

Banco

de

Sabadell,

VR,

5.125%,

11/10/28 (3)

900,000‌

1,063‌

Banco

Santander,

1.125%,

1/17/25

1,000,000‌

1,105‌

CaixaBank,

3.75%,

9/7/29

600,000‌

694‌

T.

ROWE

PRICE

International

Bond

Fund

15

Par/Shares

$

Value

(Cost

and

value

in

$000s)

CaixaBank,

VR,

0.75%,

5/26/28 (3)

400,000‌

421‌

CaixaBank,

VR,

6.25%,

2/23/33 (3)

400,000‌

478‌

Cellnex

Telecom,

1.75%,

10/23/30 (4)

2,200,000‌

2,235‌

Cirsa

Finance

International,

7.875%,

7/31/28 (1)

760,000‌

897‌

Inmobiliaria

Colonial

Socimi,

1.625%,

11/28/25

1,500,000‌

1,640‌

Lorca

Telecom

Bondco,

4.00%,

9/18/27

1,200,000‌

1,327‌

11,970‌

Government

Bonds 1.3%

Kingdom

of

Spain,

0.00%,

1/31/28

9,072,000‌

9,345‌

Kingdom

of

Spain,

1.90%,

10/31/52 (1)

3,019,000‌

2,350‌

11,695‌

Total

Spain

(Cost

$22,263)

23,665‌

SRI

LANKA 0.2%

Government

Bonds 0.2%

Republic

of

Sri

Lanka,

Series

A,

11.40%,

1/15/27

185,000,000‌

627‌

Republic

of

Sri

Lanka,

Series

A,

11.50%,

8/1/26

129,000,000‌

442‌

Republic

of

Sri

Lanka,

Series

A,

20.00%,

9/15/27

235,000,000‌

955‌

Total

Sri

Lanka

(Cost

$1,747)

2,024‌

SWEDEN 0.8%

Corporate

Bonds 0.4%

Autoliv,

4.25%,

3/15/28

(EUR)

375,000‌

429‌

Electrolux,

4.50%,

9/29/28

(EUR)

380,000‌

440‌

Skandinaviska

Enskilda

Banken,

0.375%,

6/21/28

(EUR)

450,000‌

456‌

Tele2,

0.75%,

3/23/31

(EUR)

610,000‌

594‌

Tele2,

2.125%,

5/15/28

(EUR)

405,000‌

437‌

Verisure

Holding,

3.875%,

7/15/26

(EUR) (1)

260,000‌

287‌

Verisure

Holding,

9.25%,

10/15/27

(EUR)

600,000‌

700‌

3,343‌

Government

Bonds 0.4%

Kingdom

of

Sweden,

Inflation-Indexed,

Series

3111,

0.125%,

6/1/32

37,731,039‌

3,617‌

3,617‌

Total

Sweden

(Cost

$6,718)

6,960‌

T.

ROWE

PRICE

International

Bond

Fund

16

Par/Shares

$

Value

(Cost

and

value

in

$000s)

SWITZERLAND 0.4%

Corporate

Bonds 0.4%

ABB

Finance,

3.25%,

1/16/27

(EUR)

380,000‌

429‌

ABB

Finance,

3.375%,

1/16/31

(EUR)

700,000‌

797‌

Holcim

Finance

Luxembourg,

2.25%,

5/26/28

(EUR)

405,000‌

443‌

UBS

Group,

VR,

2.875%,

4/2/32

(EUR) (3)

515,000‌

555‌

UBS

Group,

VR,

7.75%,

3/1/29

(EUR) (3)

1,200,000‌

1,528‌

Total

Switzerland

(Cost

$3,431)

3,752‌

TANZANIA 0.1%

Corporate

Bonds 0.1%

HTA

Group,

7.50%,

6/4/29

(USD) (1)

1,275,000‌

1,301‌

Total

Tanzania

(Cost

$1,269)

1,301‌

THAILAND 0.1%

Corporate

Bonds 0.1%

Bangkok

Bank,

VR,

3.733%,

9/25/34

(USD) (3)

1,340,000‌

1,244‌

Total

Thailand

(Cost

$1,346)

1,244‌

UNITED

KINGDOM 6.8%

Corporate

Bonds 2.8%

Barclays,

VR,

0.577%,

8/9/29

(EUR) (3)

820,000‌

829‌

Barclays,

VR,

0.877%,

1/28/28

(EUR) (3)

425,000‌

451‌

Barclays,

VR,

5.262%,

1/29/34

(EUR) (3)

460,000‌

566‌

Barclays,

VR,

6.369%,

1/31/31 (3)

790,000‌

1,106‌

Deuce

Finco,

5.50%,

6/15/27 (1)

345,000‌

452‌

Heathrow

Funding,

2.75%,

10/13/29

1,390,000‌

1,691‌

HSBC

Holdings,

VR,

4.752%,

3/10/28

(EUR) (3)

830,000‌

960‌

Jerrold

Finco,

5.25%,

1/15/27

600,000‌

788‌

Kane

Bidco,

5.00%,

2/15/27

(EUR)

1,455,000‌

1,596‌

Legal

&

General

Group,

VR,

5.375%,

10/27/45 (3)

525,000‌

700‌

London

Stock

Exchange

Group,

1.75%,

12/6/27

(EUR)

410,000‌

443‌

Marks

&

Spencer,

6.00%,

6/12/25

450,000‌

604‌

Motion

Finco,

7.375%,

6/15/30

(EUR) (1)

1,085,000‌

1,219‌

National

Grid

Electricity

Distribution

East

Midlands,

3.53%,

9/20/28

(EUR)

390,000‌

441‌

NatWest

Group,

VR,

0.67%,

9/14/29

(EUR) (3)

850,000‌

860‌

NatWest

Group,

VR,

1.043%,

9/14/32

(EUR) (3)

850,000‌

880‌

T.

ROWE

PRICE

International

Bond

Fund

17

Par/Shares

$

Value

(Cost

and

value

in

$000s)

Next

Group,

3.625%,

5/18/28

1,787,000‌

2,307‌

Next

Group,

4.375%,

10/2/26

540,000‌

716‌

Santander

U.K.

Group

Holdings,

VR,

0.603%,

9/13/29

(EUR) (3)

1,050,000‌

1,056‌

Santander

U.K.

Group

Holdings,

VR,

2.421%,

1/17/29 (3)

530,000‌

653‌

Santander

U.K.

Group

Holdings,

VR,

3.53%,

8/25/28

(EUR) (3)

800,000‌

901‌

Severn

Trent

Utilities

Finance,

4.625%,

11/30/34

960,000‌

1,203‌

Smiths

Group,

2.00%,

2/23/27

(EUR)

400,000‌

435‌

Standard

Chartered,

VR,

2.50%,

9/9/30

(EUR) (3)

1,200,000‌

1,322‌

Tesco

Corporate

Treasury

Services,

2.75%,

4/27/30

950,000‌

1,140‌

Vmed

O2

U.K.

Financing

I,

4.50%,

7/15/31 (1)

1,095,000‌

1,259‌

24,578‌

Government

Bonds 4.0%

United

Kingdom

Gilt,

0.625%,

7/31/35

3,931,000‌

3,700‌

United

Kingdom

Gilt,

0.625%,

10/22/50

10,499,000‌

5,771‌

United

Kingdom

Gilt,

3.25%,

1/22/44

10,952,000‌

12,327‌

United

Kingdom

Gilt,

4.00%,

10/22/63

1,463,000‌

1,765‌

United

Kingdom

Gilt,

4.25%,

12/7/46

9,612,792‌

12,342‌

35,905‌

Total

United

Kingdom

(Cost

$57,158)

60,483‌

UNITED

STATES 5.6%

Corporate

Bonds 5.3%

AbbVie,

2.125%,

11/17/28

(EUR)

410,000‌

446‌

AbbVie,

2.625%,

11/15/28

(EUR)

995,000‌

1,102‌

American

Honda

Finance,

0.75%,

11/25/26

(GBP)

796,000‌

985‌

American

Honda

Finance,

1.95%,

10/18/24

(EUR) (4)

847,000‌

942‌

AT&T,

3.95%,

4/30/31

(EUR)

800,000‌

927‌

Athene

Global

Funding,

0.832%,

1/8/27

(EUR)

1,045,000‌

1,105‌

Bank

of

America,

VR,

1.662%,

4/25/28

(EUR) (3)

410,000‌

443‌

Becton

Dickinson

&

Company,

3.02%,

5/24/25

(GBP)

1,018,000‌

1,341‌

Becton

Dickinson

&

Company,

3.519%,

2/8/31

(EUR)

583,000‌

659‌

Becton

Dickinson

Euro

Finance,

0.334%,

8/13/28

(EUR)

450,000‌

454‌

Becton

Dickinson

Euro

Finance,

1.213%,

2/12/36

(EUR)

408,000‌

358‌

Capital

One

Financial,

1.65%,

6/12/29

(EUR)

2,100,000‌

2,161‌

Carrier

Global,

4.125%,

5/29/28

(EUR)

380,000‌

439‌

Comcast,

0.00%,

9/14/26

(EUR)

1,000,000‌

1,055‌

Dana

Financing

Luxembourg,

8.50%,

7/15/31

(EUR) (1)

464,000‌

548‌

Dow

Chemical,

0.50%,

3/15/27

(EUR)

430,000‌

451‌

Duke

Energy,

3.75%,

4/1/31

(EUR)

685,000‌

770‌

Encore

Capital

Group,

4.875%,

10/15/25

(EUR) (1)

540,000‌

601‌

T.

ROWE

PRICE

International

Bond

Fund

18

Par/Shares

$

Value

(Cost

and

value

in

$000s)

Encore

Capital

Group,

5.375%,

2/15/26

(GBP) (1)(4)

910,000‌

1,208‌

Equinix

Europe

2

Financing,

3.65%,

9/3/33

(EUR)

1,245,000‌

1,384‌

Equitable

Financial

Life

Global

Funding,

0.60%,

6/16/28

(EUR)

445,000‌

455‌

FedEx,

1.625%,

1/11/27

(EUR)

415,000‌

449‌

Fiserv,

1.625%,

7/1/30

(EUR)

100,000‌

103‌

Fiserv,

3.00%,

7/1/31

(GBP)

1,000,000‌

1,182‌

Fiserv,

4.50%,

5/24/31

(EUR)

1,760,000‌

2,077‌

Ford

Motor

Credit,

4.867%,

8/3/27

(EUR)

375,000‌

431‌

Ford

Motor

Credit,

5.125%,

2/20/29

(EUR)

1,450,000‌

1,688‌

General

Motors

Financial,

0.85%,

2/26/26

(EUR)

1,000,000‌

1,079‌

Goldman

Sachs

Group,

1.625%,

7/27/26

(EUR)

1,204,000‌

1,315‌

Goldman

Sachs

Group,

VR,

3.625%,

10/29/29

(GBP) (3)

545,000‌

697‌

Harley-Davidson

Financial

Services,

5.125%,

4/5/26

(EUR)

1,370,000‌

1,564‌

Highland

Holdings,

0.318%,

12/15/26

(EUR)

765,000‌

806‌

JPMorgan

Chase,

1.50%,

10/29/26

(EUR)

1,300,000‌

1,415‌

JPMorgan

Chase,

VR,

1.638%,

5/18/28

(EUR) (3)

415,000‌

447‌

Medtronic

Global

Holdings,

0.375%,

10/15/28

(EUR)

554,000‌

562‌

Metropolitan

Life

Global

Funding,

5.00%,

1/10/30

(GBP)

650,000‌

884‌

Mondelez

International,

1.625%,

3/8/27

(EUR)

405,000‌

438‌

Mondelez

International

Holdings

Netherlands,

0.25%,

9/9/29

(EUR) (1)

389,000‌

382‌

Morgan

Stanley,

VR,

0.406%,

10/29/27

(EUR) (3)

1,269,000‌

1,340‌

Morgan

Stanley,

VR,

5.148%,

1/25/34

(EUR) (3)

400,000‌

497‌

Netflix,

3.625%,

5/15/27

(EUR)

390,000‌

443‌

Netflix,

3.875%,

11/15/29

(EUR)

975,000‌

1,129‌

Prologis,

2.25%,

6/30/29

(GBP)

1,252,000‌

1,507‌

Thermo

Fisher

Scientific,

0.875%,

10/1/31

(EUR)

955,000‌

926‌

Thermo

Fisher

Scientific,

2.375%,

4/15/32

(EUR)

156,000‌

166‌

Thermo

Fisher

Scientific

Finance

I,

0.80%,

10/18/30

(EUR)

593,000‌

586‌

U.S.

Bancorp,

VR,

4.009%,

5/21/32

(EUR) (3)

1,175,000‌

1,346‌

Upjohn

Finance,

1.362%,

6/23/27

(EUR)

420,000‌

447‌

Utah

Acquisition

Sub,

3.125%,

11/22/28

(EUR)

995,000‌

1,106‌

Verizon

Communications,

1.30%,

5/18/33

(EUR)

835,000‌

787‌

Verizon

Communications,

2.625%,

12/1/31

(EUR)

750,000‌

805‌

VF,

4.125%,

3/7/26

(EUR)

669,000‌

744‌

VF,

4.25%,

3/7/29

(EUR)

695,000‌

759‌

Wells

Fargo,

1.00%,

2/2/27

(EUR)

420,000‌

446‌

Westlake,

1.625%,

7/17/29

(EUR)

880,000‌

904‌

47,291‌

T.

ROWE

PRICE

International

Bond

Fund

19

Par/Shares

$

Value

(Cost

and

value

in

$000s)

Municipal

Securities 0.3%

Puerto

Rico

Commonwealth,

GO,

VR,

11/1/43 (6)

3,679,010‌

2,368‌

2,368‌

Total

United

States

(Cost

$49,328)

49,659‌

SHORT-TERM

INVESTMENTS 9.2%

Money

Market

Funds 2.2%

T.

Rowe

Price

Government

Reserve

Fund,

4.97% (7)(8)

19,934,408‌

19,934‌

19,934‌

U.S.

Treasury

Obligations 7.0%

U.S.

Treasury

Bills,

4.622%,

11/5/24

39,856,700‌

39,676‌

U.S.

Treasury

Bills,

4.714%,

10/31/24

699,300‌

697‌

U.S.

Treasury

Bills,

5.24%,

10/29/24 (9)

12,674,000‌

12,627‌

U.S.

Treasury

Bills,

5.288%,

11/21/24 (9)

8,732,000‌

8,675‌

61,675‌

Total

Short-Term

Investments

(Cost

$81,601)

81,609‌

SECURITIES

LENDING

COLLATERAL 0.9%

INVESTMENTS

IN

A

POOLED

ACCOUNT

THROUGH

SECURITIES

LENDING

PROGRAM

WITH

JPMORGAN

CHASE

BANK 0.9%

Money

Market

Funds 0.9%

T.

Rowe

Price

Government

Reserve

Fund,

4.97% (7)(8)

7,587,240‌

7,587‌

Total

Investments

in

a

Pooled

Account

through

Securities

Lending

Program

with

JPMorgan

Chase

Bank

7,587‌

Total

Securities

Lending

Collateral

(Cost

$7,587)

7,587‌

(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

/

INR,

Call,

12/5/24

@

INR84.55 (10)

1‌

8,922‌

21‌

T.

ROWE

PRICE

International

Bond

Fund

20

(Amounts

in

000s,

except

for

contracts)

Counterparty

Description

Contracts

Notional

Amount

$

Value

Morgan

Stanley

USD

/

GBP,

Call,

11/1/24

@

USD1.31 (10)

1‌

8,865‌

14‌

Total

Options

Purchased

(Cost

$109)

35‌

Total

Investments

in

Securities

99.6%

(Cost

$886,044)

$

883,102‌

Other

Assets

Less

Liabilities

0.4%

3,353

Net

Assets

100.0%

$

886,455‌

‡

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

$74,416

and

represents

8.4%

of

net

assets.

(2)

Level

3

in

fair

value

hierarchy.

(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)

All

or

a

portion

of

this

security

is

on

loan

at

September

30,

2024.

(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,

2024,

all

or

a

portion

of

this

security

is

pledged

as

collateral

and/or

margin

deposit

to

cover

future

funding

obligations.

(10)

Non-income

producing

1

Day

INR

MIBOR

One

day

INR

MIBOR

(Mumbai

interbank

offered

rate)

6M

EURIBOR

Six

month

EURIBOR

(Euro

interbank

offered

rate)

AUD

Australian

Dollar

BRL

Brazilian

Real

CAD

Canadian

Dollar

CHF

Swiss

Franc

CLP

Chilean

Peso

CNH

Offshore

China

Renminbi

COP

Colombian

Peso

T.

ROWE

PRICE

International

Bond

Fund

21

.

.

.

.

.

.

.

.

.

.

CPI

Consumer

Price

Index

CZK

Czech

Koruna

DKK

Danish

Krone

EGP

Egyptian

Pound

EUR

Euro

GBP

British

Pound

GO

General

Obligation

HUF

Hungarian

Forint

IDR

Indonesian

Rupiah

ILS

Israeli

Shekel

INR

Indian

Rupee

JPY

Japanese

Yen

KRW

South

Korean

Won

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

SEK

Swedish

Krona

SGD

Singapore

Dollar

SONIA

Sterling

Overnight

Index

Average

THB

Thai

Baht

TONA

Tokyo

overnight

average

rate

TRY

Turkish

Lira

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

22

(Amounts

in

000s)

SWAPS

(0.1)%

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,

BBB-*),

Receive

1.00%

Quarterly,

Pay

upon

credit

default,

12/20/24

(USD)

*

3,672

9

(6)

15‌

Bank

of

America,

Protection

Sold (Relevant

Credit:

Hellenic

Republic,

BBB-*),

Receive

1.00%

Quarterly,

Pay

upon

credit

default,

12/20/29

(USD)

*

1,700

29

(45)

74‌

Barclays

Bank,

Protection

Sold (Relevant

Credit:

Hellenic

Republic,

BBB-*),

Receive

1.00%

Quarterly,

Pay

upon

credit

default,

12/20/24

(USD)

*

2,800

6

(1)

7‌

Citibank,

Protection

Sold (Relevant

Credit:

Hellenic

Republic,

BBB-*),

Receive

1.00%

Quarterly,

Pay

upon

credit

default,

6/20/25

(USD)

*

1,356

9

(11)

20‌

Morgan

Stanley,

Protection

Sold (Relevant

Credit:

Hellenic

Republic,

BBB-*),

Receive

1.00%

Quarterly,

Pay

upon

credit

default,

12/20/24

(USD)

*

833

2

—

2‌

Morgan

Stanley,

Protection

Sold (Relevant

Credit:

Hellenic

Republic,

BBB-*),

Receive

1.00%

Quarterly,

Pay

upon

credit

default,

6/20/25

(USD)

*

572

4

(4)

8‌

Total

Greece

(67)

126‌

Vietnam

0.0%

Goldman

Sachs,

Protection

Sold (Relevant

Credit:

Socialist

Republic

of

Vietnam,

Ba2*),

Receive

1.00%

Quarterly,

Pay

upon

credit

default,

6/20/26

(USD)

*

3,250

30

20

10‌

Total

Vietnam

20

10‌

Total

Bilateral

Credit

Default

Swaps,

Protection

Sold

(47)

136‌

Total

Bilateral

Swaps

(47)

136‌

T.

ROWE

PRICE

International

Bond

Fund

23

(Amounts

in

000s)

Description

Notional

Amount

$

Value

Initial

$

Value

**

Unrealized

$

Gain/(Loss)

CENTRALLY

CLEARED

SWAPS

(0.1)%

Credit

Default

Swaps,

Protection

Bought

(0.3)%

Canada

(0.1)%

Protection

Bought

(Relevant

Credit:

Bombardier),

Pay

5.00%

Quarterly,

Receive

upon

credit

default,

6/20/28

(USD)

2,550

(325)

(103)

(222‌)

Total

Canada

(222‌)

Foreign/Europe

(0.3)%

Protection

Bought

(Relevant

Credit:

Markit

iTraxx

Crossover-S41,

5

Year

Index),

Pay

5.00%

Quarterly,

Receive

upon

credit

default,

6/20/29

22,925

(2,386)

(2,152)

(234‌)

Total

Foreign/Europe

(234‌)

United

States

0.1%

Protection

Bought

(Relevant

Credit:

Markit

CDX.EM-S41,

5

Year

Index),

Pay

1.00%

Quarterly,

Receive

upon

credit

default,

6/20/29

26,550

579

757

(178‌)

Total

United

States

(178‌)

Total

Centrally

Cleared

Credit

Default

Swaps,

Protection

Bought

(634‌)

Credit

Default

Swaps,

Protection

Sold

0.1%

Greece

0.0%

Protection

Sold

(Relevant

Credit:

Hellenic

Republic,

BBB-*),

Receive

1.00%

Quarterly,

Pay

upon

credit

default,

6/20/26

(USD)

1,600

21

17

4‌

Total

Greece

4‌

Spain

0.1%

Protection

Sold

(Relevant

Credit:

Cellnex

Telecom,

BBB-*),

Receive

5.00%

Quarterly,

Pay

upon

credit

default,

12/20/28

753

151

122

29‌

Total

Spain

29‌

Total

Centrally

Cleared

Credit

Default

Swaps,

Protection

Sold

33‌

T.

ROWE

PRICE

International

Bond

Fund

24

(Amounts

in

000s)

Description

Notional

Amount

$

Value

Initial

$

Value**

Unrealized

$

Gain/(Loss)

Interest

Rate

Swaps

0.1%

China

0.1%

5

Year

Interest

Rate

Swap,

Receive

Fixed

1.653%

Quarterly,

Pay

Variable

2.050%

(7

Day

Interbank

Repo)

Quarterly,

9/20/29

46,450

(47)

—

(47‌)

5

Year

Interest

Rate

Swap,

Receive

Fixed

2.283%

Quarterly,

Pay

Variable

2.050%

(7

Day

Interbank

Repo)

Quarterly,

8/18/28

39,900

120

—

120‌

5

Year

Interest

Rate

Swap,

Receive

Fixed

2.476%

Quarterly,

Pay

Variable

2.000%

(7

Day

Interbank

Repo)

Quarterly,

6/1/28

29,985

117

—

117‌

5

Year

Interest

Rate

Swap,

Receive

Fixed

2.568%

Quarterly,

Pay

Variable

2.000%

(7

Day

Interbank

Repo)

Quarterly,

5/16/28

22,665

100

—

100‌

5

Year

Interest

Rate

Swap,

Receive

Fixed

2.579%

Quarterly,

Pay

Variable

2.000%

(7

Day

Interbank

Repo)

Quarterly,

5/15/28

28,915

129

—

129‌

Total

China

419‌

Foreign/Europe

0.0%

20

Year

Interest

Rate

Swap,

Receive

Fixed

2.472%

Annually,

Pay

Variable

3.239%

(6M

EURIBOR)

Semi-Annually,

9/20/44

3,950

26

—

26‌

20

Year

Interest

Rate

Swap,

Receive

Fixed

2.510%

Annually,

Pay

Variable

3.375%

(6M

EURIBOR)

Semi-Annually,

8/19/44

7,950

95

—

95‌

Total

Foreign/Europe

121‌

India

0.0%

5

Year

Interest

Rate

Swap,

Receive

Fixed

6.378%

Semi-Annually,

Pay

Variable

6.760%

(1

Day

INR

MIBOR)

Semi-Annually,

5/28/29

288,090

49

—

49‌

5

Year

Interest

Rate

Swap,

Receive

Fixed

6.387%

Semi-Annually,

Pay

Variable

6.760%

(1

Day

INR

MIBOR)

Semi-Annually,

5/28/29

286,606

49

—

49‌

T.

ROWE

PRICE

International

Bond

Fund

25

(Amounts

in

000s)

Description

Notional

Amount

$

Value

Initial

$

Value**

Unrealized

$

Gain/(Loss)

5

Year

Interest

Rate

Swap,

Receive

Fixed

6.390%

Semi-Annually,

Pay

Variable

6.760%

(1

Day

INR

MIBOR)

Semi-Annually,

5/28/29

298,304

52

—

52‌

7

Year

Interest

Rate

Swap,

Receive

Fixed

5.970%

Semi-Annually,

Pay

Variable

6.760%

(1

Day

INR

MIBOR)

Semi-Annually,

9/22/31

329,300

(18)

—

(18‌)

7

Year

Interest

Rate

Swap,

Receive

Fixed

6.283%

Semi-Annually,

Pay

Variable

6.760%

(1

Day

INR

MIBOR)

Semi-Annually,

7/21/31

411,300

62

—

62‌

7

Year

Interest

Rate

Swap,

Receive

Fixed

6.350%

Semi-Annually,

Pay

Variable

6.760%

(1

Day

INR

MIBOR)

Semi-Annually,

6/20/31

317,250

61

—

61‌

Total

India

255‌

Japan

0.0%

5

Year

Interest

Rate

Swap,

Pay

Fixed

0.418%

Annually,

Receive

Variable

0.227%

(JPY

TONA)

Annually,

8/10/28

3,018,045

100

—

100‌

Total

Japan

100‌

United

Kingdom

(0.0)%

3

Year

Interest

Rate

Swap,

Pay

Fixed

4.225%

Annually,

Receive

Variable

4.950%

(GBP

SONIA)

Annually,

6/21/27

18,242

(218)

—

(218‌)

Total

United

Kingdom

(218‌)

Total

Centrally

Cleared

Interest

Rate

Swaps

677‌

Zero-Coupon

Inflation

Swaps

(0.0)%

Foreign/Europe

(0.0)%

5

Year

Zero-Coupon

Inflation

Swap

Pay

Fixed

1.860%

at

Maturity,

Receive

Variable

(Change

in

CPI)

at

Maturity,

9/17/29

19,950

(98)

—

(98‌)

Total

Foreign/Europe

(98‌)

Total

Centrally

Cleared

Zero-Coupon

Inflation

Swaps

(98‌)

Total

Centrally

Cleared

Swaps

(22‌)

Net

payments

(receipts)

of

variation

margin

to

date

140‌

Variation

margin

receivable

(payable)

on

centrally

cleared

swaps

$

118‌

T.

ROWE

PRICE

International

Bond

Fund

26

*

Credit

ratings

as

of

September

30,

2024.

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

$1.

T.

ROWE

PRICE

International

Bond

Fund

27

(Amounts

in

000s)

FORWARD

CURRENCY

EXCHANGE

CONTRACTS

Counterparty

Settlement

Receive

Deliver

Unrealized

Gain/(Loss)

Bank

of

America

10/11/24

USD

2,095‌

INR

175,517‌

$

1‌

Bank

of

America

10/18/24

CZK

99,985‌

USD

4,309‌

107‌

Bank

of

America

10/18/24

HUF

1,040,022‌

USD

2,942‌

(30‌)

Bank

of

America

10/18/24

MXN

80,120‌

USD

4,370‌

(313‌)

Bank

of

America

10/18/24

USD

4,453‌

HUF

1,628,258‌

(106‌)

Bank

of

America

10/18/24

USD

2,213‌

MXN

44,049‌

(18‌)

Bank

of

America

10/25/24

AUD

5,080‌

USD

3,435‌

79‌

Bank

of

America

10/25/24

JPY

10,057,605‌

USD

64,018‌

6,221‌

Bank

of

America

10/25/24

NOK

23,470‌

USD

2,219‌

6‌

Bank

of

America

10/25/24

NZD

1,749‌

USD

1,063‌

48‌

Bank

of

America

10/25/24

USD

2,574‌

AUD

3,795‌

(51‌)

Bank

of

America

10/25/24

USD

9,794‌

JPY

1,473,264‌

(495‌)

Bank

of

America

10/25/24

USD

6,526‌

NZD

10,739‌

(297‌)

Bank

of

America

11/22/24

EUR

478‌

USD

529‌

4‌

Bank

of

America

12/6/24

MYR

19,082‌

USD

4,566‌

70‌

Bank

of

America

12/6/24

THB

33,188‌

USD

976‌

60‌

Bank

of

America

12/6/24

USD

14,500‌

MYR

63,009‌

(806‌)

Barclays

Bank

10/15/24

USD

1,880‌

TWD

60,436‌

(32‌)

Barclays

Bank

10/18/24

USD

3,327‌

ZAR

59,635‌

(119‌)

Barclays

Bank

10/25/24

AUD

98‌

USD

67‌

1‌

Barclays

Bank

10/25/24

JPY

12,716‌

USD

89‌

—‌

Barclays

Bank

11/8/24

CLP

1,993,888‌

USD

2,138‌

79‌

Barclays

Bank

11/22/24

EUR

209‌

USD

232‌

1‌

Barclays

Bank

11/22/24

EUR

68‌

USD

76‌

—‌

Barclays

Bank

11/29/24

SEK

1,347‌

USD

134‌

(1‌)

Barclays

Bank

1/16/25

TRY

30,605‌

USD

803‌

(5‌)

BNP

Paribas

10/11/24

KRW

36,361,432‌

USD

26,377‌

1,357‌

BNP

Paribas

10/11/24

USD

5,171‌

IDR

85,274,746‌

(452‌)

BNP

Paribas

10/11/24

USD

4,132‌

KRW

5,694,829‌

(212‌)

BNP

Paribas

10/18/24

CZK

366,645‌

USD

15,842‌

352‌

BNP

Paribas

10/18/24

HUF

1,045,584‌

USD

2,864‌

63‌

BNP

Paribas

10/18/24

RON

7,061‌

USD

1,534‌

45‌

BNP

Paribas

10/18/24

TRY

53,567‌

USD

1,505‌

31‌

BNP

Paribas

10/18/24

USD

18,850‌

CZK

438,881‌

(534‌)

BNP

Paribas

10/25/24

USD

2,051‌

JPY

292,548‌

8‌

BNP

Paribas

10/25/24

USD

4,896‌

JPY

722,192‌

(148‌)

BNP

Paribas

11/22/24

EUR

4,730‌

USD

5,266‌

12‌

BNP

Paribas

11/22/24

EUR

468‌

USD

523‌

(1‌)

BNP

Paribas

11/22/24

GBP

512‌

USD

664‌

21‌

BNP

Paribas

11/22/24

USD

3,776‌

GBP

2,913‌

(118‌)

BNP

Paribas

12/6/24

COP

6,432,059‌

USD

1,529‌

(12‌)

T.

ROWE

PRICE

International

Bond

Fund

28

(Amounts

in

000s)

FORWARD

CURRENCY

EXCHANGE

CONTRACTS

(CONTINUED)

Counterparty

Settlement

Receive

Deliver

Unrealized

Gain/(Loss)

BNY

Mellon

10/25/24

CAD

931‌

USD

677‌

$

11‌

BNY

Mellon

10/25/24

JPY

170,685‌

USD

1,193‌

(1‌)

Canadian

Imperial

Bank

of

Commerce

10/18/24

USD

1,796‌

MXN

33,709‌

89‌

Canadian

Imperial

Bank

of

Commerce

10/25/24

CAD

28,160‌

USD

20,692‌

142‌

Canadian

Imperial

Bank

of

Commerce

10/25/24

USD

4,513‌

CAD

6,090‌

7‌

Canadian

Imperial

Bank

of

Commerce

10/25/24

USD

1,198‌

CAD

1,630‌

(8‌)

Canadian

Imperial

Bank

of

Commerce

11/22/24

EUR

490‌

USD

542‌

5‌

Citibank

10/11/24

USD

877‌

INR

73,438‌

2‌

Citibank

10/18/24

DKK

20,836‌

USD

3,045‌

70‌

Citibank

10/18/24

HUF

769,684‌

USD

2,106‌

49‌

Citibank

10/18/24

TRY

72,891‌

USD

2,008‌

82‌

Citibank

10/18/24

USD

2,277‌

MXN

45,968‌

(51‌)

Citibank

10/25/24

CHF

74‌

USD

84‌

3‌

Citibank

10/25/24

EUR

730‌

USD

811‌

2‌

Citibank

10/25/24

JPY

38,694‌

USD

270‌

—‌

Citibank

10/25/24

JPY

574,236‌

USD

4,038‌

(28‌)

Citibank

10/25/24

NOK

23,621‌

USD

2,169‌

70‌

Citibank

11/15/24

USD

2,300‌

PLN

8,925‌

(16‌)

Citibank

11/22/24

EUR

216‌

USD

241‌

—‌

Citibank

12/3/24

USD

306‌

BRL

1,693‌

(3‌)

Citibank

12/6/24

USD

7,213‌

COP

29,496,846‌

260‌

Citibank

3/4/25

EGP

15,643‌

USD

299‌

4‌

Citibank

3/12/25

EGP

52,386‌

USD

936‌

76‌

Deutsche

Bank

10/11/24

USD

2,358‌

IDR

38,436,437‌

(176‌)

Deutsche

Bank

10/11/24

USD

3,964‌

KRW

5,293,898‌

(74‌)

Deutsche

Bank

10/25/24

JPY

625,769‌

USD

4,479‌

(108‌)

Deutsche

Bank

10/25/24

NOK

91,785‌

USD

8,511‌

189‌

Deutsche

Bank

10/25/24

NOK

1,052‌

USD

100‌

—‌

Deutsche

Bank

10/25/24

NZD

196‌

USD

119‌

5‌

Deutsche

Bank

10/25/24

USD

2,171‌

CHF

1,856‌

(28‌)

Deutsche

Bank

10/25/24

USD

4,606‌

NOK

49,360‌

(73‌)

Deutsche

Bank

10/25/24

USD

120‌

NZD

189‌

—‌

Deutsche

Bank

10/25/24

USD

94‌

NZD

154‌

(4‌)

Deutsche

Bank

11/8/24

USD

7,290‌

CLP

6,907,759‌

(389‌)

Deutsche

Bank

11/15/24

PLN

9,137‌

USD

2,311‌

60‌

Deutsche

Bank

11/22/24

EUR

114‌

USD

128‌

(1‌)

Deutsche

Bank

11/22/24

GBP

554‌

USD

726‌

14‌

T.

ROWE

PRICE

International

Bond

Fund

29

(Amounts

in

000s)

FORWARD

CURRENCY

EXCHANGE

CONTRACTS

(CONTINUED)

Counterparty

Settlement

Receive

Deliver

Unrealized

Gain/(Loss)

Deutsche

Bank

11/29/24

SEK

59,675‌

USD

5,880‌

$

13‌

Deutsche

Bank

12/3/24

BRL

37,945‌

USD

6,832‌

82‌

Deutsche

Bank

12/6/24

USD

3,117‌

COP

12,677,779‌

129‌

Deutsche

Bank

12/13/24

USD

8,817‌

SGD

11,409‌

(93‌)

Goldman

Sachs

10/11/24

IDR

43,047,662‌

USD

2,842‌

(4‌)

Goldman

Sachs

10/11/24

USD

2,904‌

IDR

47,148,586‌

(205‌)

Goldman

Sachs

10/15/24

USD

4,543‌

TWD

146,178‌

(82‌)

Goldman

Sachs

10/18/24

ZAR

73,375‌

USD

4,257‌

(17‌)

Goldman

Sachs

10/25/24

AUD

534‌

USD

356‌

13‌

Goldman

Sachs

10/25/24

CAD

241‌

USD

178‌

1‌

Goldman

Sachs

10/25/24

CHF

30‌

USD

36‌

—‌

Goldman

Sachs

10/25/24

NOK

5,101‌

USD

470‌

14‌

Goldman

Sachs

10/25/24

NOK

1,080‌

USD

103‌

(1‌)

Goldman

Sachs

10/25/24

USD

98‌

CAD

133‌

(1‌)

Goldman

Sachs

10/25/24

USD

192‌

JPY

27,766‌

(2‌)

Goldman

Sachs

10/25/24

USD

2,312‌

NOK

24,319‌

7‌

Goldman

Sachs

11/22/24

EUR

14,610‌

USD

16,368‌

(70‌)

Goldman

Sachs

11/22/24

GBP

75‌

USD

99‌

1‌

Goldman

Sachs

11/22/24

USD

355‌

GBP

270‌

(6‌)

Goldman

Sachs

11/29/24

SEK

4,630‌

USD

453‌

4‌

Goldman

Sachs

12/3/24

BRL

28,518‌

USD

5,107‌

89‌

Goldman

Sachs

12/6/24

THB

308,448‌

USD

9,153‌

475‌

Goldman

Sachs

12/6/24

USD

1,683‌

THB

57,253‌

(104‌)

Goldman

Sachs

12/13/24

CNH

243,870‌

USD

34,688‌

325‌

Goldman

Sachs

1/17/25

USD

2,832‌

IDR

43,047,662‌

10‌

Goldman

Sachs

3/14/25

CNH

59,016‌

USD

8,518‌

4‌

HSBC

Bank

10/11/24

USD

2,190‌

IDR

35,959,936‌

(181‌)

HSBC

Bank

10/18/24

USD

3,082‌

ZAR

53,865‌

(31‌)

HSBC

Bank

10/25/24

AUD

834‌

USD

556‌

21‌

HSBC

Bank

10/25/24

CAD

217‌

USD

157‌

4‌

HSBC

Bank

10/25/24

CAD

191‌

USD

142‌

—‌

HSBC

Bank

10/25/24

CHF

42‌

USD

48‌

2‌

HSBC

Bank

10/25/24

JPY

4,704‌

USD

31‌

2‌

HSBC

Bank

10/25/24

JPY

20,726‌

USD

146‌

(1‌)

HSBC

Bank

10/25/24

USD

67‌

CAD

92‌

(1‌)

HSBC

Bank

10/25/24

USD

156‌

CHF

131‌

—‌

HSBC

Bank

10/25/24

USD

4,269‌

JPY

630,268‌

(133‌)

HSBC

Bank

10/25/24

USD

115‌

NZD

192‌

(7‌)

HSBC

Bank

11/22/24

EUR

99‌

USD

110‌

—‌

HSBC

Bank

11/22/24

EUR

9,461‌

USD

10,566‌

(12‌)

HSBC

Bank

12/6/24

MYR

26,175‌

USD

6,216‌

143‌

T.

ROWE

PRICE

International

Bond

Fund

30

(Amounts

in

000s)

FORWARD

CURRENCY

EXCHANGE

CONTRACTS

(CONTINUED)

Counterparty

Settlement

Receive

Deliver

Unrealized

Gain/(Loss)

HSBC

Bank

12/6/24

USD

19,277‌

MYR

84,918‌

$

(1,351‌)

JPMorgan

Chase

10/11/24

INR

15,277‌

USD

182‌

1‌

JPMorgan

Chase

10/16/24

ILS

5,957‌

USD

1,658‌

(59‌)

JPMorgan

Chase

10/18/24

MXN

14,252‌

USD

721‌

1‌

JPMorgan

Chase

10/18/24

USD

8,328‌

MXN

154,497‌

504‌

JPMorgan

Chase

10/25/24

AUD

945‌

USD

620‌

33‌

JPMorgan

Chase

10/25/24

CAD

472‌

USD

348‌

1‌

JPMorgan

Chase

10/25/24

CAD

73‌

USD

54‌

—‌

JPMorgan

Chase

10/25/24

JPY

181,236‌

USD

1,219‌

47‌

JPMorgan

Chase

10/25/24

JPY

192,915‌

USD

1,373‌

(25‌)

JPMorgan

Chase

10/25/24

NZD

1,150‌

USD

704‌

27‌

JPMorgan

Chase

10/25/24

USD

252‌

AUD

381‌

(12‌)

JPMorgan

Chase

10/25/24

USD

4,534‌

CAD

6,110‌

14‌

JPMorgan

Chase

10/25/24

USD

4,594‌

CAD

6,246‌

(26‌)

JPMorgan

Chase

10/25/24

USD

35‌

CHF

30‌

(1‌)

JPMorgan

Chase

10/25/24

USD

759‌

EUR

678‌

3‌

JPMorgan

Chase

10/25/24

USD

3,856‌

EUR

3,489‌

(32‌)

JPMorgan

Chase

10/25/24

USD

1,892‌

JPY

279,835‌

(62‌)

JPMorgan

Chase

10/25/24

USD

71‌

NOK

756‌

(1‌)

JPMorgan

Chase

10/25/24

USD

407‌

NZD

681‌

(26‌)

JPMorgan

Chase

11/15/24

USD

4,511‌

PLN

17,306‌

19‌

JPMorgan

Chase

11/22/24

EUR

1,159‌

USD

1,287‌

6‌

JPMorgan

Chase

11/22/24

EUR

476‌

USD

531‌

(1‌)

JPMorgan

Chase

11/22/24

GBP

332‌

USD

436‌

9‌

JPMorgan

Chase

11/22/24

USD

533‌

EUR

480‌

(2‌)

JPMorgan

Chase

11/22/24

USD

423‌

GBP

315‌

1‌

JPMorgan

Chase

11/22/24

USD

712‌

GBP

541‌

(12‌)

JPMorgan

Chase

11/29/24

USD

469‌

SEK

4,737‌

1‌

JPMorgan

Chase

12/3/24

USD

126‌

BRL

700‌

(1‌)

JPMorgan

Chase

12/6/24

MYR

722‌

USD

170‌

5‌

JPMorgan

Chase

3/14/25

USD

4,423‌

CNH

30,939‌

(45‌)

Morgan

Stanley

10/11/24

PEN

8,418‌

USD

2,226‌

44‌

Morgan

Stanley

10/18/24

USD

648‌

MXN

11,685‌

56‌

Morgan

Stanley

10/25/24

EUR

3,437‌

USD

3,823‌

7‌

Morgan

Stanley

10/25/24

NZD

177‌

USD

105‌

8‌

Morgan

Stanley

10/25/24

USD

61‌

CHF

54‌

(3‌)

Morgan

Stanley

10/25/24

USD

1,038‌

JPY

150,904‌

(16‌)

Morgan

Stanley

10/25/24

USD

302‌

NZD

485‌

(7‌)

Morgan

Stanley

11/8/24

CLP

1,918,432‌

USD

2,035‌

97‌

Morgan

Stanley

11/22/24

USD

889‌

GBP

680‌

(20‌)

NatWest

Bank

11/22/24

GBP

2,193‌

USD

2,936‌

(4‌)

T.

ROWE

PRICE

International

Bond

Fund

31

(Amounts

in

000s)

FORWARD

CURRENCY

EXCHANGE

CONTRACTS

(CONTINUED)

Counterparty

Settlement

Receive

Deliver

Unrealized

Gain/(Loss)

RBC

Dominion

Securities

10/11/24

INR

64,622‌

USD

770‌

$

1‌

RBC

Dominion

Securities

10/25/24

USD

4,574‌

CAD

6,155‌

20‌

RBC

Dominion

Securities

12/13/24

USD

2,111‌

CNH

14,909‌

(29‌)

Societe

Generale

11/8/24

CLP

3,982,122‌

USD

4,444‌

(17‌)

Societe

Generale

11/8/24

USD

3,840‌

CLP

3,668,140‌

(238‌)

Standard

Chartered

10/11/24

IDR

38,266,692‌

USD

2,348‌

176‌

Standard

Chartered

10/11/24

USD

4,462‌

IDR

73,007,614‌

(352‌)

Standard

Chartered

10/25/24

CHF

34‌

USD

40‌

—‌

Standard

Chartered

11/22/24

EUR

1,289‌

USD

1,439‌

(1‌)

Standard

Chartered

11/22/24

USD

2,337‌

EUR

2,087‌

10‌

Standard

Chartered

11/22/24

USD

649‌

EUR

588‌

(7‌)

Standard

Chartered

11/29/24

USD

4,425‌

SEK

44,823‌

(2‌)

Standard

Chartered

12/6/24

THB

93,661‌

USD

2,778‌

146‌

State

Street

10/18/24

HUF

526,662‌

USD

1,449‌

26‌

State

Street

10/18/24

MXN

35,479‌

USD

1,963‌

(166‌)

State

Street

10/18/24

USD

2,567‌

MXN

50,358‌

17‌

State

Street

10/25/24

JPY

1,330,095‌

USD

8,672‌

617‌

State

Street

11/22/24

EUR

4,730‌

USD

5,273‌

4‌

State

Street

11/22/24

EUR

3,912‌

USD

4,370‌

(6‌)

State

Street

11/22/24

USD

1,388‌

EUR

1,242‌

2‌

State

Street

12/13/24

CNH

297,402‌

USD

42,229‌

470‌

State

Street

12/13/24

CNH

3,087‌

USD

443‌

—‌

UBS

Investment

Bank

10/11/24

IDR

12,095,476‌

USD

733‌

65‌

UBS

Investment

Bank

10/11/24

INR

54,013‌

USD

645‌

—‌

UBS

Investment

Bank

10/11/24

USD

4,004‌

PEN

15,288‌

(120‌)

UBS

Investment

Bank

10/25/24

AUD

5,427‌

USD

3,731‌

22‌

UBS

Investment

Bank

10/25/24

AUD

143‌

USD

99‌

—‌

UBS

Investment

Bank

10/25/24

CAD

241‌

USD

178‌

—‌

UBS

Investment

Bank

10/25/24

CHF

5,113‌

USD

5,922‌

137‌

UBS

Investment

Bank

10/25/24

CHF

26‌

USD

31‌

—‌

UBS

Investment

Bank

10/25/24

NOK

1,070‌

USD

102‌

—‌

UBS

Investment

Bank

10/25/24

USD

10,958‌

CHF

9,677‌

(510‌)

UBS

Investment

Bank

10/25/24

USD

3,573‌

JPY

550,615‌

(272‌)

UBS

Investment

Bank

11/15/24

PLN

30,584‌

USD

7,953‌

(15‌)

UBS

Investment

Bank

11/22/24

EUR

2,157‌

USD

2,396‌

10‌

UBS

Investment

Bank

11/22/24

EUR

1,520‌

USD

1,704‌

(8‌)

UBS

Investment

Bank

12/6/24

USD

5,731‌

THB

198,796‌

(475‌)

UBS

Investment

Bank

1/17/25

USD

641‌

INR

54,013‌

—‌

T.

ROWE

PRICE

International

Bond

Fund

32

(Amounts

in

000s)

FORWARD

CURRENCY

EXCHANGE

CONTRACTS

(CONTINUED)

Counterparty

Settlement

Receive

Deliver

Unrealized

Gain/(Loss)

Wells

Fargo

10/11/24

PEN

29,768‌

USD

7,961‌

$

68‌

Wells

Fargo

10/11/24

USD

4,544‌

PEN

17,310‌

(125‌)

Wells

Fargo

10/25/24

JPY

6,367‌

USD

44‌

1‌

Wells

Fargo

10/25/24

USD

1,985‌

JPY

281,797‌

17‌

Wells

Fargo

11/8/24

CLP

3,978,546‌

USD

4,441‌

(19‌)

Wells

Fargo

12/3/24

USD

11,925‌

BRL

66,038‌

(108‌)

Wells

Fargo

12/6/24

USD

1,590‌

COP

6,492,473‌

59‌

Net

unrealized

gain

(loss)

on

open

forward

currency

exchange

contracts

$

3,960‌

T.

ROWE

PRICE

International

Bond

Fund

33

FUTURES

CONTRACTS

($000s)

Expiration

Date

Notional

Amount

Value

and

Unrealized

Gain

(Loss)

Short,

45

Commonwealth

of

Australia

ten

year

bond

contracts

12/24

(3,621)

$

31‌

Long,

86

Commonwealth

of

Australia

three

year

bond

contracts

12/24

6,372

(8‌)

Long,

43

Euro

BTP

contracts

12/24

5,814

(10‌)

Short,

58

Euro

BUND

contracts

12/24

(8,711)

(15‌)

Long,

8

Euro

BUXL

thirty

year

bond

contracts

12/24

1,214

30‌

Short,

27

Euro

SCHATZ

contracts

12/24

(3,221)

(18‌)

Long,

9

Government

of

Canada

ten

year

bond

contracts

12/24

832

6‌

Short,

9

Government

of

Japan

ten

year

bond

contracts

12/24

(9,058)

(16‌)

Long,

299

Republic

of

South

Korea

ten

year

bond

contracts

12/24

26,838

(39‌)

Short,

181

Republic

of

South

Korea

three

year

bond

contracts

12/24

(14,720)

(17‌)

Short,

148

U.K.

Gilt

ten

year

contracts

12/24

(19,476)

195‌

Short,

305

U.S.

Treasury

Notes

two

year

contracts

12/24

(63,514)

(155‌)

Net

payments

(receipts)

of

variation

margin

to

date

247‌

Variation

margin

receivable

(payable)

on

open

futures

contracts

$

231‌

T.

ROWE

PRICE

International

Bond

Fund

34

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,

2024.

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,

4.97%

$

—‌

$

—‌

$

635‌++

Totals

$

—‌#

$

—‌

$

635‌+

Supplementary

Investment

Schedule

Affiliate

Value

12/31/23

Purchase

Cost

Sales

Cost

Value

09/30/24

T.

Rowe

Price

Government

Reserve

Fund,

4.97%

$

25,836‌

¤

¤

$

27,521‌

Total

$

27,521‌^

#

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

$635

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

$27,521.

T.

ROWE

PRICE

International

Bond

Fund

Unaudited

Notes

to

Portfolio

of

Investments

35

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)

T.

ROWE

PRICE

International

Bond

Fund

36

Level

3

–

unobservable

inputs

(including

the Valuation

Designee’s assumptions

in

determining

fair

value)

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

T.

ROWE

PRICE

International

Bond

Fund

37

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

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,

2024

(for

further

detail

by

category,

please

refer

to

the

accompanying

Portfolio

of

Investments):

T.

ROWE

PRICE

International

Bond

Fund

38

OTHER

MATTERS

Unpredictable environmental,

political,

social

and

economic

events,

including

but

not

limited

to,

environmental

or

natural

disasters,

war

and

conflict

(including

Russia’s

military

invasion

of

Ukraine

and

the

conflict

in

Israel,

Gaza

and

surrounding

areas),

terrorism,

geopolitical

developments

(including

trading

and

tariff

arrangements,

sanctions

and

cybersecurity

attacks),

and

public

health

epidemics

(including

the

global

outbreak

of

COVID-19)

and

similar

public

health

threats,

may

significantly

affect

the

economy

and

the

markets

and

issuers

in

which

a

fund

invests.

The

extent

and

duration

of

such

events

and

resulting

($000s)

Level

1

Level

2

Level

3

Total

Value

Assets

Fixed

Income

Securities

1

$

—‌

$

593,304‌

$

—‌

$

593,304‌

Corporate

Bonds

—‌

197,908‌

2,659‌

200,567‌

Short-Term

Investments

19,934‌

61,675‌

—‌

81,609‌

Securities

Lending

Collateral

7,587‌

—‌

—‌

7,587‌

Options

Purchased

—‌

35‌

—‌

35‌

Total

Securities

27,521‌

852,922‌

2,659‌

883,102‌

Swaps*

—‌

1,082‌

—‌

1,082‌

Forward

Currency

Exchange

Contracts

—‌

13,797‌

—‌

13,797‌

Futures

Contracts*

262‌

—‌

—‌

262‌

Total

$

27,783‌

$

867,801‌

$

2,659‌

$

898,243‌

Liabilities

Swaps*

$

—‌

$

1,015‌

$

—‌

$

1,015‌

Forward

Currency

Exchange

Contracts

—‌

9,837‌

—‌

9,837‌

Futures

Contracts*

278‌

—‌

—‌

278‌

Total

$

278‌

$

10,852‌

$

—‌

$

11,130‌

1

Includes

Asset-Backed

Securities,

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

39

market

disruptions

cannot

be

predicted.

These

and

other

similar

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.

The

fund’s

performance

could

be

negatively

impacted

if

the

value

of

a

portfolio

holding

were

harmed

by

these

or

such

events.

Management

actively

monitors

the

risks

and

financial

impacts

arising

from

such

events.

F76-054Q3

09/24

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