T. Rowe Price Funds SICAV – European High Yield Bond Fund I EUR

The Fund’s objective is to maximise total return through investment primarily in a diversified portfolio of high yield corporate bonds denominated in European currencies. Investments may include, income producing convertible securities and preferred stock and other transferable debt securities. In the execution of its objective, the Fund may make enhanced use of derivative instruments including, but not limited to, bond futures, forward rate notes, forward foreign exchange contracts (including non-deliverable forwards), fixed interest warrants, interest rate futures, options on interest rate futures, convertible bonds, options on bond futures, currency options and OTC swaps including interest rate swaps and credit default swaps as well as swap indices.