Risk Considerations

  1. The Fund is actively managed and invests mainly in a diversified portfolio of shares of companies that have the potential for above-market average and sustainable rates of earnings growth (i.e. a growth-style oriented portfolio in aggregate). The companies may be anywhere in the world, including emerging markets. 
  2. Investment in the Fund involves risks, including general investment risk, equity market risk, style risk, geographic concentration risk,  emerging markets risk, risk associated with high volatility of equity markets in emerging countries, risk associated with regulatory/exchanges requirements of the equity markets in emerging countries, risks associated with depositary receipts and currency risks which may result in loss of a part or the entire amount of your investment. 
  3. The Fund may use derivatives for hedging and efficient portfolio management and is subject to derivatives risk. Exposure to derivatives may lead to a risk of significant loss by the Fund.
  4. The value of the Fund can be volatile and could go down substantially.
  5. Investors should not invest in the Fund solely based on this website.
SICAV
Global Growth Equity Fund
Seeking to select stocks which have the potential for above-market average and sustainable rates of earnings growth from the broadest global equity opportunity set.
ISIN LU0382932902
FACTSHEET
KFS
YTD
Return
9.28%
Data as of: 30-Sep-2021
1YR Return
(Annualised)
28.49%
Data as of: 30-Sep-2021
3YR Return
(Annualised)
20.86%
Data as of: 30-Sep-2021
NAV
(USD)
$69.89
Data as of: 15-Oct-2021
NAV Change
(Daily)
0.68%
Data as of: 15-Oct-2021
Fund Size
(USD)
$859.0m
Data as of: 30-Sep-2021
Scott Berg,
Lead Portfolio Manager
Scott Berg is the portfolio manager for the T. Rowe Price Global Growth Equity Strategy.

Overview
Strategy
Fund Summary
High conviction, truly global equity portfolio seeking to invest in companies with above-market average and sustainable rates of earnings growth characteristics.
SMALL-CAP
MID-CAP
LARGE-CAP

183
Holdings

Style
Growth
Risk & Reward Data
Information Ratio
1.03
Sharpe Ratio
1.09
Historical Tracking Error
5.57%
Performance - Net of Fees
Current Year Performance
1 Month
-4.93%
Indicative Benchmark
-4.13%
Excess Return

-0.80%
3 Months
-1.51%
Indicative Benchmark
-1.05%
Excess Return

-0.46%
6 Months
7.55%
Indicative Benchmark
6.26%
Excess Return

1.29%
YTD
9.28%
Indicative Benchmark
11.12%
Excess Return

-1.84%
Annualised Performance
1 YR
28.49%
Indicative Benchmark
27.44%
Excess Return

1.05%
3 YR
20.86%
Indicative Benchmark
12.58%
Excess Return

8.28%
5 YR
18.92%
Indicative Benchmark
13.20%
Excess Return

5.72%
Inception
16.07%
Indicative Benchmark
12.38%
Excess Return

3.69%
Data as of 30-Sep-2021
Indicative Benchmark : MSCI All Country World Index Net
Share Class Inception Date: 27-Oct-2008
Holdings
Total
Holdings
183
Largest
Amazon.com
3.83%
Was ( 30-Jun-2021 )

3.71%
Top 10
17.46%
Largest Contributor
Alphabet
By 1.85%
% of fund
2.92%
Largest Detractor
Zoom Video Communications
By -0.19%
% of fund
1.13%
Largest Purchase
Bill.Com Holdings (N)
0.47%
Was ( 30-Jun-2021 )
0.00%
Largest Sale
Okta (E)
0.00%
Was ( 30-Jun-2021 )
0.43%
Data as of 30-Sep-2021
Sectors
Total
Sectors
10
Largest
Information Technology
22.07%
Was ( 31-Aug-2021 )
22.57%
Largest Contributor
Health Care
By 0.39%
Sector Weight
0.01%
Stock Selection
0.38%
Largest Detractor
Consumer Discretionary
By -1.97%
Sector Weight
-0.18%
Stock Selection
-1.79%
Data as of 30-Sep-2021
Overweight
Consumer Discretionary
By 4.27%
Fund
16.70%
Indicative Benchmark
12.43%
Underweight
Energy
By -3.52%
Fund
0.00%
Indicative Benchmark
3.52%
Data as of 30-Sep-2021
Data as of 30-Sep-2021
Indicative Benchmark: MSCI All Country World Index
Regions
Largest Contributor
Pacific ex Japan
By 0.21%
Country Weight
-0.27%
Stock Selection
0.49%
Largest Detractor
Developed Europe
By -0.38%
Country Weight
-0.03%
Stock Selection
-0.35%
Data as of 30-Sep-2021
Data as of
Countries
Total
Countries
27
Largest
United States
54.59%
Was ( 31-Aug-2021 )
54.51%
Overweight
Germany
By 3.87%
Fund
6.20%
Indicative Benchmark
2.33%
Underweight
United States
By -4.74%
Fund
54.59%
Indicative Benchmark
59.33%
Data as of 30-Sep-2021
Data as of 30-Sep-2021
Indicative Benchmark: MSCI All Country World Index
Currency
Total
Currencies
19
Largest
U.S. dollar
65.04%
Was ( 31-Aug-2021 )
65.02%

Overweight
U.S. dollar
By 4.59%
Fund
65.04%
Indicative Benchmark
60.46%
Underweight
Japanese yen
By -4.22%
Fund
1.98%
Indicative Benchmark
6.20%
Data as of 30-Sep-2021
Indicative Benchmark: MSCI All Country World Index

Team
Scott Berg,
Lead Portfolio Manager
Scott Berg is the portfolio manager for the T. Rowe Price Global Growth Equity Strategy.
Lead Portfolio Manager since
2008
Years at
T. Rowe Price
18
Years investment experience
18
Laurence Taylor,
Portfolio Specialist
Laurence Taylor is a portfolio specialist in the Equity Division at T. Rowe Price, representing the firm's global equity portfolio managers to institutional clients, consultants and prospects.
Years at
T. Rowe Price
11
Years investment experience
20
Nicholas Beecroft,
Portfolio Specialist
Nick Beecroft is a portfolio specialist in the Equity Division, representing the firm's regional and global emerging markets equity portfolio managers to institutional clients, consultants and prospects.
Years at
T. Rowe Price
14
Years investment experience
18
How to Invest
Fees Minimum Initial Investment and Holding Amount (USD) Minimum Subsequent Investment (USD) Sales Charge (up to) Investment Management Fee (up to)

Indicative Benchmark Data Source: MSCI. MSCI and its affiliates and third party sources and providers (collectively, “MSCI”) makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed, or produced by MSCI. Historical MSCI data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Unless otherwise specified, all fund ratings, awards and data are as of 30-Sep-2021 and sourced from T. Rowe Price. 

SICAV refers to 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”).

Source for performance: T. Rowe Price. Fund performance is calculated using the official NAV with dividends reinvested in the share class currency, 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.  

Please refer to the factsheet for the Minimum Performance Information and other details.

Investment involves risks. Past performance is not a reliable indicator of future performance. The investment returns for some funds are denominated in foreign currency other than US/HK dollar. US/HK dollar-based investors are therefore exposed to fluctuations in the US/HK dollar against other foreign currency's exchange rate. Investors should refer to the prospectus for full details of the objectives, investment policies and risks.

Performance returns for share classes less than 1 year old (and associated benchmarks) are cumulative rather than annualised.  

The calendar year performance of a share class in its year of inception is calculated from its inception date to the last day of that year, which is not a full year return.

Issued in Hong Kong by T. Rowe Price Hong Kong Limited, 6/F, Chater House, 8 Connaught Road Central, Hong Kong. T. Rowe Price Hong Kong Limited is licensed and regulated by the Securities & Futures Commission (“SFC”). This has not been reviewed by the SFC.

All Risk & Reward Data shown is specific to the particular share class shown, and is not necessarily representative of the fund as a whole. The data is calculated based upon the return and standard deviation of the selected share class over 3 years (if the share class has a track record of between 3 and 5 years) or 5 years, once the share class has sufficient performance history. Risk & Reward Data is not available for share classes with under 3 years’ performance history. 

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.

Where Top 10 Contributor and Detractor figures are shown (within the Holdings sections), these represent the Top 10 contributing/detracting securities by percentage of positive or negative contribution to performance as of 30-Sep-2021.

Where individual top contributor/detractor figures are shown, these are the largest contributors/detractors by percentage of fund size, out of the Top 10 contributors/detractors to fund performance as of 30-Sep-2021.

Calculation methodology of the contributors/detractors is available upon request. The specific securities identified and described do not represent all of the securities purchased, sold, or recommended for clients in the fund. A complete list of contributors/detractors for the period covered is available upon request.

Certain numbers in this website may not equal the stated totals due to rounding.

The Morningstar rating is sourced from Morningstar.

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