SICAV
Global Technology Equity Fund
To provide long-term capital growth by investing mainly in technology companies, and companies enabled by technology.
ISIN LU1244139827
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FACTSHEET
KIID
FUND PROFILE
COMMENTARY

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Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7
NAV
(USD)
$19.00
1YR Return
(Annualised)
11.79%
Fund Size
(USD)
$1.1b
Perf Change
(Daily)
-0.89%
3YR Return
(Annualised)
23.09%

Overview
Strategy
Fund Summary
Seeks companies that benefit from rapid advances in technology and offer significant opportunities for long-term growth.
SMALL-CAP
MID-CAP
LARGE-CAP

36
Holdings

Style
Agnostic
Risk & Reward Data
Information Ratio
-0.20
Sharpe Ratio
1.26
Historical Tracking Error
8.41%
Performance - Net of Fees
Current Year Performance
MTD
-5.05%
Benchmark*
-4.79%
Excess Return

-0.26%
QTD
2.37%
Benchmark*
1.02%
Excess Return

1.35%
YTD
22.42%
Benchmark*
20.01%
Excess Return

2.41%
Data as of 17-May-2019
1 Month
7.81%
Benchmark*
6.09%
Excess Return

1.72%
3 Months
13.76%
Benchmark*
16.85%
Excess Return

-3.09%
Data as of 30-Apr-2019
 
Annualised Performance
1 YR
11.79%
Benchmark*
15.44%
Excess Return

-3.65%
3 YR
23.09%
Benchmark*
24.74%
Excess Return

-1.65%
5 YR
N/A
Benchmark*
N/A
Excess Return

N/A
Inception
19.61%
Benchmark*
17.69%
Excess Return

1.92%
Manager Inception
7.70%
Benchmark*
10.26%
Excess Return

-2.56%
Data as of 30-Apr-2019
Indicative Benchmark : MSCI All Country World Index Information Technology Net
Fund Inception: 15-Jun-2015
Manager Inception: 28-Feb-2019

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

Holdings
Total
Holdings
36
Largest
Facebook
8.71%
Was ( 31-Dec-2018 )

3.47%
Top 10
58.33%
Contributor
Microchip Technology
By 1.34%
% of fund
8.16%
Detractor
Take-Two Interactive Software
By
% of fund
0.81%
Purchase
Facebook
8.32%
Was ( 31-Dec-2018 )
3.47%
Sale
NXP Semiconductors
3.50%
Was ( 31-Dec-2018 )
9.45%
Data as of 31-Mar-2019
Industry
Total
Industries
20
Largest
Internet Media/Advertising
20.49%
Was ( 31-Mar-2019 )
19.16%
Over
Internet Media/Advertising
By 20.48%
Fund
20.49%
Benchmark*
0.01%
Under
Consumer Electronics
By -13.97%
Fund
1.30%
Benchmark*
15.27%
Data as of 30-Apr-2019
Data as of 30-Apr-2019
Indicative Benchmark: MSCI All Country World Index Information Technology

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

Regions
Total
Regions
4
Largest
North America
76.44%
Was ( 31-Mar-2019 )
74.72%
Over
Europe
By 2.34%
Fund
9.50%
Benchmark**
7.17%
Under
Japan
By -4.90%
Fund
0.00%
Benchmark**
4.90%
Data as of 30-Apr-2019
Data as of 30-Apr-2019
Indicative Benchmark: MSCI All Country World Index Information Technology

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

Countries
Total
Countries
9
Largest
United States
76.44%
Was ( 31-Mar-2019 )
74.72%
Over
China
By 8.36%
Fund
9.08%
Benchmark*
0.72%
Under
Japan
By -4.90%
Fund
0.00%
Benchmark*
4.90%
Data as of 30-Apr-2019
Data as of 30-Apr-2019
Indicative Benchmark: MSCI All Country World Index Information Technology

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


Team
Alan Tu,
Portfolio Manager
Alan Tu is an investment analyst in the U.S. Equity Division, following software companies in the technology sector.
Portfolio Manager since
2019
Years at T. Rowe Price
4
Years investment experience
6
Jennifer O'Hara Martin,
Portfolio Specialist
Jennifer O'Hara Martin is a member of the US Structured Research Equity Strategy portfolio oversight team and Global Technology Equity Strategy team.
Years at T. Rowe Price
12
Years investment experience
21
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Investment Management Fee Ongoing
Charges1

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.

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.

Daily performance data is based on the latest available NAV.  

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.

Attribution Data: Analysis represents the total performance of the portfolio as calculated by the FactSet attribution model and is inclusive of other assets that that will not receive a classification assignment in the detailed structure shown. Returns will not match official T. Rowe Price performance because FactSet uses different exchange rate sources and does not capture intra-day trading. Performance for each security is obtained in the local currency and, if necessary, is converted to U.S. dollars using an exchange rate determined by an independent third party. Figures are shown with gross dividends reinvested.

Sources: Copyright © 2019 FactSet Research Systems Inc. All rights reserved. Analysis by T. Rowe Price Associates, Inc. T. Rowe Price uses a custom structure for sector and industry reporting for this product.

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.