The T. Rowe Price International Bond Fund (USD Hedged) Z Class, with the ticker TRMZX, is a mutual fund that primarily invests in international bonds while hedging against fluctuations in the US dollar. This fund is managed by T. Rowe Price, a well-known investment management firm, and is classified as a Z Class fund, which typically has lower fees and requires a higher minimum investment. The fund aims to provide investors with exposure to international fixed income securities while minimizing currency risk.