AUT
Dynamic Global Bond Fund
A portfolio of global fixed-income securities with a focus on delivering sustainable income and minimising downside risk.

Class S PDS

Class I PDS
APIR ETL0398AU
PERFORMANCE REPORT
PDS
FUND PROFILE
QUARTERLY REVIEW
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Average
Coupon
3.04%
Average
Maturity
6.45 yrs
Average
Duration
2.24 yrs
Fund Size
(AUD)
$1.5b
Exit  
-0.12%

(AUD)
$1.01
3YR Return
(Annualised)
0.07%
Risk & Reward
?
L M H
Entry
(AUD)
$1.01
1 YR Return
(Annualised)
0.16%

Overview
Strategy
Fund Summary
Seeks to generate positive returns from global fixed-income with a focus on downside risk and providing diversification from equity markets.
Interest Rate Sensitivity
LIMITED
MODERATE
EXTENSIVE

124
Holdings

Average
Quality
A-
Risk & Reward Data
Information Ratio
0.23
Sharpe Ratio
-1.96
Historical Tracking Error
2.59%
Performance - Net of Fees
Current Year Performance
MTD
-0.01%
Benchmark
0.03%
Excess Return

-0.04%
QTD
-2.25%
Benchmark
0.23%
Excess Return

-2.48%
YTD
-1.86%
Benchmark
1.20%
Excess Return

-3.06%
Data as of 11-Sep-2019
1 Month
-1.87%
Benchmark
0.08%
Excess Return

-1.95%
3 Months
-3.05%
Benchmark
0.34%
Excess Return

-3.39%
Data as of 31-Aug-2019
 
Annualised Performance
1 YR
0.16%
Benchmark
1.82%
Excess Return

-1.66%
3 YR
0.07%
Benchmark
1.81%
Excess Return

-1.74%
5 YR
2.63%
Benchmark
2.03%
Excess Return

0.60%
Inception
3.03%
Benchmark
2.09%
Excess Return

0.94%
Manager Inception
3.03%
Benchmark
2.09%
Excess Return

0.94%
Data as of 31-Aug-2019
Benchmark : Bloomberg AusBond Bank Bill Index
Fund Inception: 18-Feb-2014
Manager Inception: 18-Feb-2014
Holdings
Total
Holdings
124
Top 10
56.91%
Largest
U.S. Treasury Notes
17.98%
Was ( 31-Mar-2019 )
0.00%
Data as of 30-Jun-2019
Duration
Maturity
Quality
Average
2.24 yrs
Average
6.45 yrs
Average
A-
Top
3-5 Years
76.69%
Was ( 31-Jul-2019 )
74.31%
Top
1-3 Years
24.90%
Was ( 31-Jul-2019 )
20.12%
Top
BBB
25.72%
Was ( 31-Jul-2019 )
23.91%
Regions
Data as of
Countries
Total
Countries
33
Largest
United States
19.42%
Was ( 31-Jul-2019 )
14.65%
Data as of 31-Aug-2019
Currency
Total
Currencies
29
Largest
Australian dollar
104.62%
Was ( 31-Jul-2019 )
105.88%

Data as of 31-Aug-2019

Team
Arif Husain,
Portfolio Manager
Arif Husain is head of International Fixed Income at T. Rowe Price. He is lead portfolio manager for the Dynamic Global and Global Aggregate Bond Strategies.
Portfolio Manager since
2014
Years at
T. Rowe Price
4
Years investment experience
22
Joran Laird,
Portfolio Specialist
Joran Laird is a global fixed income portfolio specialist based in Hong Kong.
Years at T. Rowe Price
2
Years investment experience
19
How to Invest
APIR Minimum Initial Investment (AUD) Minimum Subsequent Investment (AUD) Buy / Sell Spread Management Fees1
ETL0398AU $500,000 $100,000 Buy +0.25% / Sell -0.25% 0.40% p.a.

Benchmark Data Source: Bloomberg. Benchmark returns are shown with gross dividends reinvested. 

Source for performance: T Rowe Price. Net of fees performance is based on end of month redemption prices after the deduction of fees and expenses and the reinvestment of all distributions. Daily performance (MTD, QTD, and YTD) data is based on the latest available NAV minus one business day.

1The Management Fee for the T. Rowe Price Dynamic Global Bond Fund is 0.40% p.a. and the Indirect Cost is 0.11% p.a. Indirect costs are calculated and incorporate estimated amounts with reference to the relevant costs incurred during the previous financial year ended 30 June. Please refer to the Product Disclosure Statement for the Fund which is available on this page for further details.

The specific securities identified and described in this website do not represent all of the securities purchased or sold for this fund. This information is not intended to be a recommendation to take any particular investment action and is subject to change. No assumption should be made that the securities identified were or will be profitable.

Unless otherwise specified, all fund ratings, awards and data are as of 31-Aug-2019 and sourced from T. Rowe Price. 

Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298 AFSL 240975) is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Stock Exchange (ASX:EQT). Equity Trustees and T. Rowe Price Australia Limited ("TRPAU") (ABN: 13 620 668 895 and AFSL: 503741) are, respectively, the responsible entity and investment manager of the T. Rowe Price Australian Unit Trusts.

For Wholesale Clients only.

Past performance is not a reliable indicator of future performance. The price of any fund may go up or down. Investment involves risk including a possible loss to the principal amount invested. For general information purposes only, does not take into account the investment objectives, financial situation or needs of any particular investor. For further details, please refer to each fund's product disclosure statement and reference guide which are available from Equity Trustees (www.eqt.com.au/insto) or TRPAU (www.troweprice.com.au).

Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources' accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date noted on the material and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.