T. Rowe Price Global High Income Fund


Where in the world can you find global high income? We’ll show you.

Finding sources of sustainable high income in a world of low interest rates requires looking outside of traditional bonds and exploring high yield opportunities. But with so many global markets and issuers to cover, where do you start?

Introducing the T. Rowe Price Global High Income Fund.

 

 

 

 

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Learn about the T. Rowe Price Global High Income Fund in 2 mins.

Fund at a glance

T. Rowe Price Global High Income Fund

S Class

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

1 The Management Fee for the T. Rowe Price Global High Income Fund – S class is 0.77% p.a. and the Indirect Cost is 0.10% 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

ETL8226AU

ARSN

638 808 545

Benchmark

ICE BoFA Global High Yield Index (AUD Hedged)

Base currency

AUD

Minimum investment

$50,000

Minimum suggested time frame

5-7 years

Management fee

0.77% p.a.1

Distribution frequency

Monthly

1 The Management Fee for the T. Rowe Price Global High Income Fund – S class is 0.77% p.a. and the Indirect Cost is 0.10% 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.

T. Rowe Price Global High Income Fund

I Class

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

2 The Management Fee for the T. Rowe Price Global High Income Fund – I class is 0.62% p.a. and the Indirect Cost is 0.10% 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 fee

0.62% p.a.2

Distribution frequency

Monthly

2 The Management Fee for the T. Rowe Price Global High Income Fund – I class is 0.62% p.a. and the Indirect Cost is 0.10% 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

Risk (please read the PDS for further details)

High. 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 international opportunity set with potential to profit from dislocations and volatility between regions.

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 seven years or less.

·         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.

Want to know more about our global fixed income capabilities?

Important Information

All information is at 31 December 2021, 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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