We are honoured to be awarded the Morningstar Australia Fund Manager of the Year - Fixed Interest, 2023 for the T. Rowe Price Dynamic Global Bond Fund. To achieve the award is a great acknowledgement of our investment teams and their focus on pursuing the best long term outcomes for our clients.
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The T. Rowe Price Dynamic Global Bond Fund aims to generate performance, regardless of the interest rate environment. It combines the key benefits of a traditional fixed income strategy with a flexible and dynamic approach.
For investors this means, even in challenging economic markets like the present, you still have the opportunity to benefit from the performance of fixed income.
The four-decade-long bull market in global bond markets is over. Today we seek to generate performance from global bonds with a flexible approach and the ability to take opportunistic positions, including short exposure in currency and credit markets.
Our Goals:
Consistent Performance
- Seeks modest and repeatable outperformance; Controlled risk profile with bond-like volatility.
Downside risk management
- Focuses on downside risk from potential rise in interest rates.
Diversification
- Low correlation with risky markets during periods of risk aversion.
Watch our video
The Case for Dynamic Global Bond
Amanda Stitt, Portfolio Specialist, explains how the T. Rowe Price Dynamic Global Bond Fund offers investors the opportunity to generate performance in various economic cycles, while also seeking to provide diversification and downside risk management.
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All you need to know (in 2 minutes)
Our Dynamic Global Bond Fund
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Fund at a glance
T. Rowe Price Dynamic Global Bond Fund
I Class
The T. Rowe Price Dynamic Global Bond Fund is a portfolio of global fixed-income securities seeking to deliver consistent income and manage downside risk.
2 The Management Fee for the T. Rowe Price Dynamic Global Bond Fund – I class is 0.40% p.a. and the Indirect Cost is 0.00% p.a.
Full details of other fees and charges are available within the Fund’s Product Disclosure Statement and Reference Guide.
APIR
ETL0398AU
ARSN
167 869 561
Benchmark
Bloomberg AusBond Bank Bill Index (AUD)
Base currency
AUD
Minimum investment
$500,000
Minimum suggested time frame
5 years
Management fees and costs
0.40% p.a.2
Distribution frequency
Quarterly
2 The Management Fee for the T. Rowe Price Dynamic Global Bond Fund – I class is 0.40% p.a. and the Indirect Cost is 0.00% p.a.
Full details of other fees and charges are available within the Fund’s Product Disclosure Statement and Reference Guide.
T. Rowe Price Dynamic Global Bond Fund
S Class
The T. Rowe Price Dynamic Global Bond Fund is a portfolio of global fixed-income securities seeking to deliver consistent income and manage downside risk.
1 The Management Fee for the T. Rowe Price Dynamic Global Bond Fund – S class is 0.59% p.a. and the Indirect Cost is 0.00% p.a
Full details of other fees and charges are available within the Fund’s Product Disclosure Statement and Reference Guide.
APIR
ETL2511AU
ARSN
167 869 561
Benchmark
Bloomberg AusBond Bank Bill Index (AUD)
Base currency
AUD
Minimum investment
$50,000
Minimum suggested time frame
5 years
Management fees and costs
0.59% p.a.1
Distribution frequency
Quarterly
1 The Management Fee for the T. Rowe Price Dynamic Global Bond Fund – S class is 0.59% p.a. and the Indirect Cost is 0.00% p.a
Full details of other fees and charges are available within the Fund’s Product Disclosure Statement and Reference Guide.
Past performance is not a reliable indicator of future performance.
Risk (please read the PDS for further details)
Medium. The following risks are materially relevant to the Fund.
Credit risk: that an issuer of credit support provider of a debt security could suffer an adverse change in financial conditions.
Volatility risk: the performance of the Fund has a risk of high volatility.
Emerging markets risk: emerging markets are less established than developed markets and therefore involve higher risks.
Investor profile
The Fund may be suitable for investors who:
- Seek the potential for a high level of current income and some capital appreciation over time
- Wish to diversify their portfolio.
The Fund may not be suitable for investors who:
- Are unable to accept the risk associated with investing in global fixed income and derivatives.
- Have an investment time horizon of five years or less.
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The above award is for reference only. Investment involves risks. Past performance is not a reliable indicator of future performance. Source: Morningstar Australia Awards 2023 - News Release.
Morningstar Awards 2023. © Morningstar, Inc. All Rights Reserved. Awarded to T. Rowe Price Dynamic Global Bond Fund for the Fund Manager of the Year: Fixed Interest, Australia.
Important 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, AFSL: 503741) are, respectively, the responsible entity and investment manager of the T. Rowe Price Australian Unit Trusts. Available in Australia for Wholesale Clients only.
A Target Market Determination for each T. Rowe Price Australian Unit Trust (or class of units in a Trust) is available here (www.eqt.com.au/insto). It describes who the financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where Equity Trustees Limited, the responsible entity of the T. Rowe Price Australian Unit Trusts may need to review the Target Market Determination for the financial product.
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).
202311-3230484