T. Rowe Price Dynamic Emerging Markets Bond ETF (TDEM)

The T. Rowe Price Dynamic Emerging Markets Bond ETF (TDEM) is an actively managed fixed income exchange-traded fund from T. Rowe Price that invests in debt from emerging market countries.

The fund has a flexible mandate, allowing the managers to allocate across sovereign and corporate bonds, U.S. dollar-denominated and local currency debt, and different credit qualities. The managers use country and credit research and may use derivatives to adjust interest rate, credit and currency exposures in response to changing conditions.

Its objective is to seek total return through a combination of income and capital appreciation while managing the risks associated with developing market debt.