Risk Considerations

  1. The Fund invests mainly in a widely diversified portfolio of stocks of companies expected to benefit from the development and use of science and/or technology.
  2. Investment in the Fund involves risks, including general investment risk, equity market risk, sector concentration risk, geographic concentration risk, small and mid-capitalisation stock 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 and currency risk 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. You should not invest in the Fund unless the intermediary which sells you the Fund has advised you that the Fund is suitable for you.
  6. Investors should not invest in the Fund solely based on this website.
SICAV
Science and Technology Equity Fund
The fund seeks to invest in a diversified portfolio of companies expected to benefit from the development and use of science and/or technology.
ISIN LU1820537758
FACTSHEET
KFS
YTD
Return
-4.06%
Data as of: 30-Apr-2020
1YR Return
(Annualised)
6.58%
Data as of: 30-Apr-2020
3YR Return
(Annualised)
N/A
Data as of: 30-Apr-2020
NAV
(USD)
$12.76
Data as of: 26-May-2020
NAV Change
(Daily)
2.49%
Data as of: 26-May-2020
Fund Size
(USD)
$8.5m
Data as of: 30-Apr-2020
Ken Allen,
Portfolio Manager
Ken Allen is a portfolio manager and investment analyst in the U.S. Equity Division at T. Rowe Price. He is president of the Investment Advisory Committee of the Science & Technology Fund and covers software within the information technology industry. Mr. Allen is a member of the Investment Advisory Committees for many of the firm's strategies with information technology investments. He also has portfolio management responsibilities in the firm's US Structured Research Equity Strategy.

Overview
Strategy
Fund Summary
Seeks to own innovative companies whose stocks are underappreciated and undervalued, with an emphasis on competitively advantaged businesses with durable cash flow generation.
SMALL-CAP
MID-CAP
LARGE-CAP

33
Holdings

Style
Growth
Risk & Reward Data

Risk return statistics are not available until 3 years of data is available.
Performance - Net of Fees
Current Year Performance
1 Month
14.30%
Indicative Benchmark
13.20%
Excess Return

1.10%
3 Months
-5.81%
Indicative Benchmark
-4.88%
Excess Return

-0.93%
6 Months
3.50%
Indicative Benchmark
7.37%
Excess Return

-3.87%
YTD
-4.06%
Indicative Benchmark
-2.30%
Excess Return

-1.76%
Annualised Performance
1 YR
6.58%
Indicative Benchmark
13.86%
Excess Return

-7.28%
3 YR
N/A
Indicative Benchmark
N/A
Excess Return

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

N/A
Inception
10.76%
Indicative Benchmark
12.91%
Excess Return

-2.15%
Data as of 30-Apr-2020
Indicative Benchmark : MSCI All Country World Index Information Technology Net
Share Class Inception Date: 07-Sep-2018
Holdings
Total
Holdings
33
Largest
Facebook
9.80%
Was ( 31-Dec-2019 )

8.82%
Top 10
59.13%
Largest Contributor
Microsoft
By 1.78%
% of fund
4.03%
Largest Detractor
Facebook
By -0.52%
% of fund
9.69%
Largest Purchase
Booking Holdings
8.02%
Was ( 31-Dec-2019 )
5.04%
Largest Sale
NortonLifeLock
0.78%
Was ( 31-Dec-2019 )
3.56%
Data as of 31-Mar-2020
Industry
Total
Industries
18
Largest
Internet Media/Advertising
21.05%
Was ( 30-Jun-2019 )
21.61%
Overweight
Internet Media/Advertising
By 21.04%
Fund
21.05%
Indicative Benchmark
0.01%
Underweight
IT Services
By -15.93%
Fund
0.00%
Indicative Benchmark
15.93%
Data as of 31-Jul-2019
Data as of 31-Jul-2019
Indicative Benchmark: MSCI All Country World Index Information Technology
Regions
Total
Regions
4
Largest
North America
64.89%
Was ( 31-Mar-2020 )
66.65%
Overweight
Pacific Ex Japan
By 9.10%
Fund
19.69%
Indicative Benchmark
10.60%
Underweight
North America
By -13.29%
Fund
64.89%
Indicative Benchmark
78.18%
Data as of 30-Apr-2020
Data as of 30-Apr-2020
Indicative Benchmark: MSCI All Country World Index Information Technology
Countries
Total
Countries
7
Largest
United States
64.89%
Was ( 31-Mar-2020 )
66.65%
Overweight
China
By 11.65%
Fund
12.74%
Indicative Benchmark
1.08%
Underweight
United States
By -11.95%
Fund
64.89%
Indicative Benchmark
76.84%
Data as of 30-Apr-2020
Data as of 30-Apr-2020
Indicative Benchmark: MSCI All Country World Index Information Technology

Team
Ken Allen,
Portfolio Manager
Ken Allen is a portfolio manager and investment analyst in the U.S. Equity Division at T. Rowe Price. He is president of the Investment Advisory Committee of the Science & Technology Fund and covers software within the information technology industry. Mr. Allen is a member of the Investment Advisory Committees for many of the firm's strategies with information technology investments. He also has portfolio management responsibilities in the firm's US Structured Research Equity Strategy.
Portfolio Manager since
2018
Years at T. Rowe Price
19
Years investment experience
19
Julian Cook,
Portfolio Specialist
Julian Cook is a portfolio specialist in the Equity Division covering the US Large-Cap Growth and Blue Chip Growth Equity Strategies.
Years at T. Rowe Price
3
Years investment experience
27
How to Invest
Fees Minimum Initial Investment and Holding Amount (USD) Minimum Subsequent Investment (USD) Sales Charge (up to) Investment Management Fee (up to)
Class A $1000 $100 5.00% 175 basis points

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-Apr-2020 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. The “net” version of the indicative benchmark assumes the reinvestment of dividends after the deduction of withholding taxes applicable to the country where the dividend is paid.

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.

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.

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.

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-Apr-2020.

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-Apr-2020.

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.