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T. Rowe Price Funds SICAV

Euro Corporate Bond Fund

Concerned about credit risk? Seek calmer waters. 

  1. Features
  2. Approach
  3. Fund at a glance
  4. Insights

Amidst shifting rates and spreads, selecting the right crew will steer you through to calmer waters.

Consistent outperformance

The Fund aims to deliver consistent outperformance against its benchmark in different market environments.

Downside risk management

Our disciplined risk management process is designed to manage downside risk, particularly in periods of rapid increases in credit spreads.

High liquidity profile

We focus on high-quality securities with the best liquidity characteristics. Our portfolio construction is also based on optimal diversification to avoid concentration risk.

Approach

An actively managed and broadly diversified portfolio of investment grade corporate issues, that aims to generate consistent alpha in different market environments.

Fund at a glance

Inception date February 2002
No. of holdings 100-200
Portfolio Manager Howard Woodward
Benchmark Bloomberg Euro-Aggregate: Corporates Index EUR
ISIN LU0133091248

Documents

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When investing in funds, certain risks apply, which include credit, derivative, and interest rate risks. For a full list of risks applicable to this fund, please refer to the prospectus.

General Fund Risks

  • Conflict of Interest - The investment manager's obligations to a fund may potentially conflict with its obligations to other investment portfolios it manages.
  • Counterparty - Counterparty risk may materialise if an entity with which the fund does business becomes unwilling or unable to meet its obligations to the fund.
  • Custody - In the event that the depositary and/or custodian becomes insolvent or otherwise fails, there may be a risk of loss or delay in return of certain fund's assets.
  • Cybersecurity - The fund may be subject to operational and information security risks resulting from breaches in cybersecurity of the digital information systems of the fund or its third-party service providers.
  • ESG - ESG integration as well as events may result in a material negative impact on the value of an investment and performance of the fund.
  • Inflation - Inflation may erode the value of the fund and its investments in real terms.
  • Investment fund - Investing in funds involves certain risks an investor would not face if investing in markets directly. 
  • Market - Market risk may subject the fund to experience losses caused by unexpected changes in a wide variety of factors. 
  • Market liquidity - In extreme market conditions it may be difficult to sell the fund's securities and it may not be possible to redeem shares at short notice.
  • Operational - Operational risk may cause losses as a result of incidents caused by people, systems, and/or processes.
  • Sustainability - Funds that seek to promote environmental and/or social characteristics may not or only partially succeed in doing so.
We believe the key to success in the euro IG corporate market is intensive proprietary fundamental research and rigorous risk management.
Howard Woodward
 
Portfolio Manager

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