AUT
Global Equity Fund
High conviction, global equity portfolio seeking to invest in companies with above-average and sustainable growth characteristics.

Class S PDS

Class I PDS
APIR ETL0071AU
PERFORMANCE REPORT
PDS
FUND PROFILE
QUARTERLY REVIEW
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Risk & Reward?
Low Med High
Data as of: 14-Oct-2019
1YR Return
(Annualised)
12.46%
Data as of: 30-Sep-2019
NAV
(AUD)
$1.52
Data as of: 14-Oct-2019
3YR Return
(Annualised)
17.84%
Data as of: 30-Sep-2019

Overview
Strategy
Fund Summary
High conviction, truly global equity portfolio seeking to invest in companies with above-average and sustainable growth characteristics.
SMALL-CAP
MID-CAP
LARGE-CAP

155
Holdings

Style
Growth
Risk & Reward Data
Information Ratio
0.79
Sharpe Ratio
0.71
Historical Tracking Error
3.72%
Performance - Net of Fees
Current Year Performance
MTD
-0.50%
Benchmark
-0.26%
Excess Return

-0.24%
QTD
-0.50%
Benchmark
-0.26%
Excess Return

-0.24%
YTD
23.59%
Benchmark
20.93%
Excess Return

2.66%
Data as of 14-Oct-2019
1 Month
0.57%
Benchmark
1.99%
Excess Return

-1.42%
3 Months
2.27%
Benchmark
4.05%
Excess Return

-1.78%
Data as of 30-Sep-2019
 
Annualised Performance
1 YR
12.46%
Benchmark
8.65%
Excess Return

3.81%
3 YR
17.84%
Benchmark
14.47%
Excess Return

3.37%
5 YR
15.19%
Benchmark
12.43%
Excess Return

2.76%
10 YR
12.37%
Benchmark
11.40%
Excess Return

0.97%
Manager Inception
11.33%
Benchmark
N/A
Excess Return

N/A
Data as of 30-Sep-2019
Benchmark : MSCI All Country World Index ex Australia Net
Fund Inception: 15-Sep-2006
Manager Inception: 26-Oct-2008
Holdings
Total
Holdings
155
Largest
Alphabet Class C
2.76%
Was ( 30-Jun-2019 )

2.98%
Top 10
17.12%
Contributor
Alphabet
By 1.28%
% of fund
2.76%
Detractor
Amazon.com
By -1.57%
% of fund
2.61%
Purchase
Experian (N)
0.95%
Was ( 30-Jun-2019 )
0.00%
Sale
Assa Abloy (E)
0.00%
Was ( 30-Jun-2019 )
0.62%
Data as of 30-Sep-2019
Sectors
Total
Sectors
11
Largest
Information Technology
18.51%
Was ( 31-Aug-2019 )
18.21%
Contributor
Health Care
By 0.34%
Sector
0.02%
Selection
0.32%
Detractor
Consumer Discretionary
By -1.08%
Sector
-0.00%
Selection
-1.08%
Data as of 30-Sep-2019
Over
Consumer Discretionary
By 2.15%
Fund
13.09%
Benchmark
10.95%
Under
Energy
By -3.45%
Fund
2.01%
Benchmark
5.46%
Data as of 30-Sep-2019
Data as of 30-Sep-2019
Benchmark : MSCI All Country World Index ex Australia (unhedged)
Regions
Contributor
Pacific ex Japan
By 0.20%
Country
-0.63%
Selection
0.82%
Detractor
United States
By -1.44%
Country
-0.18%
Selection
-1.26%
Data as of 30-Sep-2019
Data as of
Countries
Total
Countries
29
Largest
United States
45.57%
Was ( 31-Aug-2019 )
46.61%
Over
India
By 5.78%
Fund
6.82%
Benchmark
1.04%
Under
United States
By -11.25%
Fund
45.57%
Benchmark
56.82%
Data as of 30-Sep-2019
Data as of 30-Sep-2019
Benchmark : MSCI All Country World Index ex Australia (unhedged)

Team
Scott Berg,
Portfolio Manager
Scott Berg is the portfolio manager for the T. Rowe Price Global Growth Equity Strategy.
Portfolio Manager since
2012
Years at
T. Rowe Price
16
Years investment experience
16
Hari Balkrishna,
Assistant Portfolio Manager
Hari Balkrishna is an associate portfolio manager for the Global Growth Equity Strategy in the Equity Division of T. Rowe Price. Mr. Balkrishna has 10 years of investment experience. He completed an internship at T. Rowe Price in 2009. Prior to joining the firm in 2010, he worked at Goldman Sachs, Sydney, Australia, in the financial institutions group of the Investment Banking Division.
Assistant Portfolio Manager since
2015
Years at T. Rowe Price
8
Years investment experience
10
Laurence Taylor,
Portfolio Specialist
Laurence Taylor is a portfolio specialist in the Equity Division at T. Rowe Price, representing the firm's global equity portfolio managers to institutional clients, consultants and prospects.
Years at
T. Rowe Price
8
Years investment experience
17
Nicholas Beecroft,
Portfolio Specialist
Nick Beecroft is a portfolio specialist in the Equity Division, representing the firm's regional and global emerging markets equity portfolio managers to institutional clients, consultants and prospects.
Years at
T. Rowe Price
12
Years investment experience
16
How to Invest
APIR Minimum Initial Investment (AUD) Minimum Subsequent Investment (AUD) Buy / Sell Spread Management Fees1
ETL0071AU $500,000 $100,000 Buy +0.25%/Sell -0.20% 1.18% pa

Benchmark Data Source: MSCI. MSCI index returns are shown with gross dividends reinvested. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed, or produced by MSCI.

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 Global Equity Fund is 1.18% p.a. and the Indirect Cost is 0.00% 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 30-Sep-2019 and sourced from T. Rowe Price. 

The Morningstar rating is sourced from Morningstar.

©2019 Morningstar, Inc.  All Rights Reserved.  The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely.  Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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.