T. Rowe Price International Funds Inc.

09/30/2025 | Press release | Distributed by Public on 09/30/2025 05:45

Summary Prospectus by Investment Company (Form 497K)

T. Rowe Price Global High Income Bond Fund

Supplement to Prospectus and Summary Prospectus dated March 1, 2025

In the Summary Prospectus and Section 1 of the Prospectus, the portfolio manager table under "Management" is supplemented as follows:

Effective February 28, 2026, Michael Della Vedova will step down as one of the fund's co-portfolio managers and one of the cochairs of the fund's Investment Advisory Committee.

In Section 2 of the Prospectus, the disclosure under "Portfolio Management" is supplemented as follows:

Effective February 28, 2026, Michael Della Vedova will step down from his role on the fund. Michael F. Connelly and Samy B. Muaddi will continue as the fund's co-portfolio managers and cochairs of the fund's Investment Advisory Committee.

The date of this supplement is September 30, 2025.

F36-041 9/30/25

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