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
QUARTERLY REVIEW
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Risk & Reward?
Low Med High
Data as of: 24-Jan-2021
1YR Return
(Annualised)
30.48%
Data as of: 31-Dec-2020
NAV
(AUD)
$1.93
Data as of: 24-Jan-2021
3YR Return
(Annualised)
20.56%
Data as of: 31-Dec-2020

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

147
Holdings

Style
Growth
Risk & Reward Data
Information Ratio
1.35
Sharpe Ratio
1.48
Historical Tracking Error
4.85%
Performance - Net of Fees
Current Year Performance
MTD
N/A
Benchmark
N/A
Excess Return

N/A
QTD
N/A
Benchmark
N/A
Excess Return

N/A
YTD
N/A
Benchmark
N/A
Excess Return

N/A
The above performance numbers are calculated on a daily basis - this data is unavailable at the beginning of each month.
1 Month
0.63%
Benchmark
-0.10%
Excess Return

0.73%
3 Months
9.13%
Benchmark
6.39%
Excess Return

2.74%
Data as of 31-Dec-2020
 
Annualised Performance
1 YR
30.48%
Benchmark
6.04%
Excess Return

24.44%
3 YR
20.56%
Benchmark
10.65%
Excess Return

9.91%
5 YR
17.55%
Benchmark
11.00%
Excess Return

6.55%
10 YR
15.64%
Benchmark
12.40%
Excess Return

3.24%
Manager Inception
12.95%
Benchmark
N/A
Excess Return

N/A
Data as of 31-Dec-2020
Benchmark : MSCI All Country World Index ex Australia Net
Fund Inception: 15-Sep-2006
Manager Inception: 26-Oct-2008
Holdings
Total
Holdings
147
Largest
Amazon.com
3.60%
Was ( 30-Sep-2020 )

3.43%
Top 10
19.22%
Contributor
Evotec
By 0.11%
% of fund
1.66%
Detractor
Amazon.com
By -1.34%
% of fund
3.60%
Purchase
AvalonBay Communities (N)
1.34%
Was ( 30-Sep-2020 )
0.00%
Sale
Alibaba Group Holding
2.25%
Was ( 30-Sep-2020 )
3.54%
Data as of 31-Dec-2020
Sectors
Total
Sectors
11
Largest
Information Technology
22.91%
Was ( 30-Nov-2020 )
21.36%
Contributor
Financials
By 1.30%
Sector
0.39%
Selection
0.91%
Detractor
Energy
By -0.12%
Sector
-0.18%
Selection
0.06%
Data as of 31-Dec-2020
Over
Consumer Discretionary
By 3.14%
Fund
16.26%
Benchmark
13.12%
Under
Energy
By -2.44%
Fund
0.56%
Benchmark
3.00%
Data as of 31-Dec-2020
Data as of 31-Dec-2020
Benchmark : MSCI All Country World Index ex Australia (unhedged)
Regions
Contributor
United States
By 1.77%
Country
0.09%
Selection
1.68%
Detractor
EM EMEA
By -0.04%
Country
-0.03%
Selection
-0.00%
Data as of 31-Dec-2020
Data as of
Countries
Total
Countries
24
Largest
United States
54.08%
Was ( 30-Nov-2020 )
55.41%
Over
Germany
By 4.85%
Fund
7.41%
Benchmark
2.56%
Under
Japan
By -5.80%
Fund
1.09%
Benchmark
6.90%
Data as of 31-Dec-2020
Data as of 31-Dec-2020
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
18
Years investment experience
18
Samuel P. Ruiz,
Portfolio Specialist
Samuel P. Ruiz is a Portfolio Specialist in the Equity Division at T. Rowe Price, representing the firm's global and Australian equity portfolio managers to clients, consultants and prospects.
Years at T. Rowe Price
1
Years investment experience
12
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% 0.94% 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 31-Dec-2020 and sourced from T. Rowe Price. 

The Morningstar rating is sourced from Morningstar.

©2020 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.