SICAV
Dynamic Global Investment Grade Bond Fund
We use a flexible, benchmark-agnostic approach to invest across the full global investment grade opportunity set aiming to provide sustainable positive returns, capital preservation and diversification from equity risk.
ISIN LU1614212519
View more information on risks
FACTSHEET
KIID
Average
Coupon
3.05%
Data as of: 29-Feb-2020
Average
Maturity
6.17 yrs
Data as of: 29-Feb-2020
Average
Duration
4.75 yrs
Data as of: 29-Feb-2020
Fund Size
(USD)
$58.8m
Data as of: 29-Feb-2020
Perf Chg
(Daily)
-0.19%
Data as of: 02-Apr-2020
Since
Inception
1.12%
Data as of: 29-Feb-2020
Risk & Reward
(SRRI)?
1 2 3 4 5 6 7 Data as of: 31-Mar-2020
NAV
(USD)
$10.39
Data as of: 02-Apr-2020
1 YR Return
(Annualised)
1.78%
Data as of: 29-Feb-2020

Overview
Strategy
Fund Summary
We take a flexible approach to fixed income, integrating our high-conviction views on countries, interest rates and yield curves as well as credit security selection. We aim to find a balance between core, return-seeking and defensive positions, seeking to anchor performance in times of market stress.
LIMITED
MODERATE
EXTENSIVE

92
Holdings

Average
Quality
AA-
Risk & Reward Data

Risk return statistics are not available until 3 years of data is available.
Performance - Net of Fees
Current Year Performance
MTD
0.00%
Benchmark*
0.01%
Excess Return

-0.01%
QTD
0.00%
Benchmark*
0.01%
Excess Return

-0.01%
YTD
1.27%
Benchmark*
0.39%
Excess Return

0.88%
Data as of 02-Apr-2020
1 Month
1.28%
Benchmark*
0.13%
Excess Return

1.15%
3 Months
1.88%
Benchmark*
0.45%
Excess Return

1.43%
Data as of 29-Feb-2020
 
Annualised Performance
1 YR
1.78%
Benchmark*
2.21%
Excess Return

-0.43%
3 YR
N/A
Benchmark*
N/A
Excess Return

N/A
5 YR
N/A
Benchmark*
N/A
Excess Return

N/A
Inception
1.12%
Benchmark*
2.17%
Excess Return

-1.05%
Manager Inception
1.12%
Benchmark*
2.17%
Excess Return

-1.05%
Data as of 29-Feb-2020
Indicative Benchmark : 3 Month LIBOR in USD
Fund Inception: 03-Aug-2017
Manager Inception: 03-Aug-2017

* The index shown is not a formal benchmark. It is shown only for comparison purposes.

Holdings
Total
Holdings
92
Top 10
61.50%
Largest
Korea Treasury Bond
7.45%
Was ( 30-Sep-2019 )
7.30%
Data as of 31-Dec-2019
Duration
Maturity
Quality
Average
4.75 yrs
Average
6.17 yrs
Average
AA-
Top
AAA
26.46%
Was ( 31-Jan-2020 )
18.74%
Sectors
Total
Sectors
6
Largest
Government
60.43%
Was ( 31-Jan-2020 )
57.73%
Data as of 29-Feb-2020
Regions
Data as of
Countries
Total
Countries
26
Largest
United States
30.32%
Was ( 31-Jan-2020 )
26.16%
Data as of 29-Feb-2020

Team
Arif Husain,
Portfolio Manager
Arif Husain is head of International Fixed Income at T. Rowe Price. He is lead portfolio manager for the Dynamic Global and Global Aggregate Bond Strategies.
Portfolio Manager since
2017
Years at
T. Rowe Price
6
Years investment experience
24
Stephane Fertat, CFA,
Portfolio Specialist
Stephane Fertat is a fixed income portfolio specialist. He is a member of the Global Fixed Income team, supporting all global/international fixed income strategies.
Years at
T. Rowe Price
12
Years investment experience
22
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Investment Management Fee Ongoing
Charges1
Class A $1,000 $100 5.00% 85 basis points 1.02%
Class Q $1,000 $100 N/A 43 basis points 0.60%
Class I $2,500,000 $100,000 N/A 43 basis points 0.53%

Indicative Benchmark Data Source: ICE

Source for performance: T. Rowe Price. Fund performance is calculated using the official NAV with dividends reinvested, if any. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested. It will be affected by changes in the exchange rate between the base currency of the fund and the subscription currency, if different. Sales charges (up to a maximum of 5% for the A Class), taxes and other locally applied costs have not been deducted and if applicable, they will reduce the performance figures. Past performance is not a reliable indicator of future performance.

Daily performance data is based on the latest available NAV.  

The Funds are sub-funds of the T. Rowe Price Funds SICAV, a Luxembourg investment company with variable capital which is registered with Commission de Surveillance du Secteur Financier and which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). Full details of the objectives, investment policies and risks are located in the prospectus which is available with the key investor information documents in English and in an official language of the jurisdictions in which the Funds are registered for public sale, together with the articles of incorporation and the annual and semi-annual reports (together “Fund Documents”). Any decision to invest should be made on the basis of the Fund Documents which are available free of charge from the local representative, local information/paying agent or from authorised distributors and via www.troweprice.com.

Please note that the Fund typically has a risk of high volatility.

Hedged share classes (denoted by 'h') utilise investment techniques to mitigate currency risk between the underlying investment currency(ies) of the fund and the currency of the hedged share class.  The costs of doing so will be borne by the share class and there is no guarantee that such hedging will be effective.

The specific securities identified and described in this website do not represent all of the securities purchased, sold, or recommended for the sub-fund and no assumptions should be made that the securities identified and discussed were or will be profitable.

A full list of the currently issued Share Classes including Distributing, Hedged, and Accumulating Categories may be obtained, free of charge and upon request, from the registered office of the Company.  

1 Please note that the Ongoing Charges figure is inclusive of the Investment Management Fee and is charged per annum.

Citywire - where the Fund manager is rated by Citywire the rating is based on the manager's 3 year risk adjusted performance.