SICAV
Global Equity Dividend Fund
A diversified portfolio of typically 60-70 companies that have the potential for above-average and sustainable rates of income as well as the potential for capital appreciation. The fund invests in a broad range of stocks across all sectors and capitalisations, in both developed and emerging markets.
ISIN LU1697877865
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FACTSHEET
KIID
Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 31-Oct-2019
NAV
(USD)
$11.59
Data as of: 15-Nov-2019
1YR Return
(Annualised)
16.40%
Data as of: 31-Oct-2019
Fund Size
(USD)
$8.0m
Data as of: 31-Oct-2019
Perf Change
(Daily)
0.35%
Data as of: 15-Nov-2019
3YR Return
(Annualised)
N/A
Data as of: 31-Oct-2019

Overview
Strategy
Fund Summary
We utilise fundamental analysis to identify high dividend opportunities in sectors and markets often overlooked by other dividend-focused portfolios. Macroeconomic and local market factors are incorporated into stock selection decisions, with relative valuations assessed against the local market and broad sector opportunity set.
SMALL-CAP
MID-CAP
LARGE-CAP

76
Holdings

Style
Core
Risk & Reward Data

Risk return statistics are not available until 3 years of data is available.
Performance - Net of Fees
Current Year Performance
MTD
1.40%
Benchmark*
1.56%
Excess Return

-0.16%
QTD
3.76%
Benchmark*
4.68%
Excess Return

-0.92%
YTD
21.11%
Benchmark*
19.64%
Excess Return

1.47%
Data as of 15-Nov-2019
1 Month
2.33%
Benchmark*
3.08%
Excess Return

-0.75%
3 Months
3.81%
Benchmark*
4.77%
Excess Return

-0.96%
Data as of 31-Oct-2019
 
Annualised Performance
1 YR
16.40%
Benchmark*
13.35%
Excess Return

3.05%
3 YR
N/A
Benchmark*
N/A
Excess Return

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

N/A
Inception
8.93%
Benchmark*
7.41%
Excess Return

1.52%
Manager Inception
8.93%
Benchmark*
7.41%
Excess Return

1.52%
Data as of 31-Oct-2019
Indicative Benchmark : MSCI All Country World Index High Dividend Yield Net
Fund Inception: 09-Apr-2018
Manager Inception: 09-Apr-2018

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

Holdings
Total
Holdings
76
Largest
Procter & Gamble
3.39%
Was ( 30-Jun-2019 )

3.06%
Top 10
27.96%
Contributor
Procter & Gamble
By 0.36%
% of fund
3.36%
Detractor
ExxonMobil
By -0.14%
% of fund
2.60%
Purchase
Siemens (N)
1.38%
Was ( 30-Jun-2019 )
0.00%
Sale
Johnson & Johnson (E)
0.00%
Was ( 30-Jun-2019 )
1.31%
Data as of 30-Sep-2019
Sectors
Total
Sectors
11
Largest
Financials
16.60%
Was ( 30-Sep-2019 )
14.09%
Contributor
Utilities
By 0.51%
Sector
0.18%
Selection
0.33%
Detractor
Health Care
By -0.27%
Sector
0.02%
Selection
-0.29%
Data as of 30-Sep-2019
Over
Industrials & Business Services
By 5.17%
Fund
14.30%
Benchmark*
9.13%
Under
Consumer Discretionary
By -6.61%
Fund
1.37%
Benchmark*
7.98%
Data as of 31-Oct-2019
Data as of 31-Oct-2019
Indicative Benchmark: MSCI All Country World Index High Dividend Yield

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

Regions
Contributor
Pacific ex Japan
By 0.74%
Country
-0.06%
Selection
0.79%
Detractor
Japan
By -0.33%
Country
-0.04%
Selection
-0.30%
Data as of 30-Sep-2019
Data as of
Countries
Total
Countries
25
Largest
United States
42.43%
Was ( 30-Sep-2019 )
41.93%
Over
Norway
By 1.80%
Fund
2.17%
Benchmark*
0.37%
Under
United Kingdom
By -3.58%
Fund
2.81%
Benchmark*
6.39%
Data as of 31-Oct-2019
Data as of 31-Oct-2019
Indicative Benchmark: MSCI All Country World Index High Dividend Yield

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

Currency
Total
Currencies
20
Largest
U.S. dollar
45.17%
Was ( 30-Sep-2019 )
45.64%

Over
U.S. dollar
By 2.00%
Fund
45.17%
Benchmark*
43.17%
Under
British pound sterling
By -3.58%
Fund
2.81%
Benchmark*
6.39%
Data as of 31-Oct-2019
Indicative Benchmark: MSCI All Country World Index High Dividend Yield

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


Team
Yoichiro Kai,
Portfolio Manager
Yoichiro Kai is a Portfolio Manager in the Equity Division at T. Rowe Price covering the Japanese financials and the Asia ex-Japan Banking sector.
Portfolio Manager since
2018
Years at T. Rowe Price
9
Years investment experience
19
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Investment Management Fee Ongoing
Charges1
Class A $1000 $100 5.00% 160 basis points 1.77%
Class Q $1000 $100 N/A 75 basis points 0.92%
Class I $2,500,000 $100,000 N/A 75 basis points 0.85%

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.

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.

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.