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T. Rowe Price Global High Income Fund

The path to global high yield is clear with T. Rowe Price

*As of 30 June 2024. Past performance is not a reliable indicator of future performance. The current yield reflects the market-weighted average of coupon divided by price per security.

Why T. Rowe Price Global High Income Fund?

Monthly Income

Current distribution yield of around 7% p.a.^

Low default rate

A track record of consistently low defaults vs the market.

Long-term strategic allocation

Take advantage of the regular coupon payments and compounding returns.

ESG

Integration of ESG factors in the research process seek to enhance investment decisions.** Learn more...

^As of 30 June 2024. Past performance is not a reliable indicator of future performance. Yield is not guaranteed. Positive yield does not imply positive return.
The distribution yield reflects the distribution amount of the share class (I Class) divided by the end-of-month net asset value of the share class. Assumes distribution reinvestment.

**ESG considerations form a part of our overall research process, helping us alongside other factors to identify investment opportunities and manage investment risk. At T. Rowe Price this is known as ESG integration. However, we may conclude that other attributes of an investment outweigh ESG considerations when making investment decisions.

2 min Fund video:

Introducing the T. Rowe Price Global High Income Fund

Fund at a glance

T. Rowe Price Global High Income Fund

I Class

The T. Rowe Price Global High Income Fund seeks to deliver high income and capital appreciation by investing primarily in global, below-investment grade corporate debt securities, known as high yield bonds.

1 The Management Fee for the T. Rowe Price Global High Income Fund – I class is 0.62% p.a. and the Indirect Cost is 0% p.a.

The indirect costs component is based on a reasonable estimate of the costs for the current financial year to date, adjusted to reflect a 12 month period. Full details of other fees and charges are available within the Fund’s Product Disclosure Statement and Reference Guide.

APIR

ETL0793AU

ARSN

638 808 545

Benchmark

ICE BoFA Global High Yield Index (AUD Hedged)

Base currency

AUD

Minimum investment

$500,000

Minimum suggested time frame

5-7 years

Management fees and costs

0.62% p.a.1

Distribution frequency

Monthly

1 The Management Fee for the T. Rowe Price Global High Income Fund – I class is 0.62% p.a. and the Indirect Cost is 0% p.a.

The indirect costs component is based on a reasonable estimate of the costs for the current financial year to date, adjusted to reflect a 12 month period. 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.

View Important Research House Rating Information

How to invest?

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For more information about T. Rowe Price and our investment capabilities, please contact your local Relationship Manager.

 

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Risk (please read the PDS for further details)

Medium. The following risks are materially relevant to the Fund.

High yield bond risk: a bond or debt security rated below BBB- by Standard & Poor’s or an equivalent rating, also termed ‘below investment grade’, is generally subject to higher yields but to greater risks too.

Geographic concentration risk: to the extent that a fund invests a large portion of its assets in a particular geographic area, its performance will be more strongly affected by events within that area.

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:
·     Want to generate income and investment growth over the long term.
·     Gain global exposure to corporate issuers primarily rated below investment grade.
·     Wish to capitalise on an expanding global opportunity set with potential to profit from market efficiencies and volatility between regions.
·     The Fund may be suitable for investors seeking the potential for a high level of current income and some appreciation over time and can accept the risk associated with investments in global fixed income securities as well as those associated with the use of derivatives.

The Fund may not be suitable for investors who:
·     Are unable to accept the risk associated with investments in global fixed income securities as well as those associated with the use of derivatives.
·     Have an investment time horizon of less than five years.

 

Important Information

All information is at 31 January 2024, unless otherwise stated.

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).

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