SICAV
Asia Credit Bond Fund
Seeks superior risk-adjusted returns via security selection and relative value trades.
ISIN LU1697875810
View more information on risks
FACTSHEET
KIID
Fund Size
($27.4m)
$27.4m
Perf Chg
(Daily)
0.27%
NAV
(USD)
$11.06
1 YR Return
(Annualised)
10.05%
Since
Inception
7.18%
Average
Coupon
5.25%
Average
Maturity
6.55 yrs
Average
Duration
5.32 yrs

Overview
Strategy
Fund Summary
Actively managed, with an emphasis on fundamental credit research. Seeks to exploit market inefficiencies and identify unique and underfollowed credit ideas.
LIMITED
MODERATE
EXTENSIVE

107
Holdings

Average
Quality
BBB-
Risk & Reward Data

Risk return statistics are not available until 3 years of data is available.
Performance - Net of Fees
Current Year Performance
MTD
1.00%
Benchmark*
1.29%
Excess Return

-0.29%
QTD
1.84%
Benchmark*
1.97%
Excess Return

-0.13%
YTD
10.49%
Benchmark*
10.54%
Excess Return

-0.05%
Data as of 16-Aug-2019
1 Month
0.83%
Benchmark*
0.67%
Excess Return

0.16%
3 Months
3.50%
Benchmark*
3.56%
Excess Return

-0.06%
Data as of 31-Jul-2019
 
Annualised Performance
1 YR
10.05%
Benchmark*
10.16%
Excess Return

-0.11%
3 YR
N/A
Benchmark*
N/A
Excess Return

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

N/A
Inception
7.18%
Benchmark*
7.36%
Excess Return

-0.18%
Manager Inception
7.18%
Benchmark*
7.36%
Excess Return

-0.18%
Data as of 31-Jul-2019
Indicative Benchmark : J.P. Morgan Asia Credit Index Diversified
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
107
Top 10
20.86%
Largest
Indonesia Asahan Aluminium Persero PT
1.76%
Was ( 31-Mar-2019 )
1.77%
Data as of 30-Jun-2019
Duration
Maturity
Quality
Average
5.32 yrs
Average
6.55 yrs
Average
BBB-
Top
3-5 Years
37.58%
Was ( 30-Jun-2019 )
40.36%
Top
3-5 Years
31.90%
Was ( 30-Jun-2019 )
31.97%
Top
BBB
38.25%
Was ( 30-Jun-2019 )
38.37%
Over
3-5 Years
By 10.32%
Fund
37.58%
Benchmark*
27.25%
Over
3-5 Years
By 6.53%
Fund
31.90%
Benchmark*
25.37%
Over
BB
By 16.50%
Fund
23.89%
Benchmark*
7.39%
Under
1-3 Years
By -7.49%
Fund
21.77%
Benchmark*
29.26%
Under
10+ Years
By -9.81%
Fund
9.06%
Benchmark*
18.88%
Under
AA
By -8.88%
Fund
0.00%
Benchmark*
8.88%
Sectors
Total
Sectors
4
Largest
Corporate
75.84%
Was ( 30-Jun-2019 )
77.35%
Over
Corporate
By 16.03%
Fund
75.84%
Benchmark*
59.81%
Under
Sovereign
By -14.08%
Fund
14.28%
Benchmark*
28.36%
Data as of 31-Jul-2019
Data as of 31-Jul-2019
Indicative Benchmark: J.P. Morgan Asia Credit Index Diversified

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

Regions
Total
Regions
3
Largest
Asia
95.80%
Was ( N/A )
N/A
Over
Asia
By 95.80%
Fund
95.80%
Benchmark**
0.00%
Under
Pacific Ex Japan
By -99.43%
Fund
0.00%
Benchmark**
99.43%
Data as of 30-Jun-2019
Data as of 30-Jun-2019
Indicative Benchmark: J.P. Morgan Asia Credit Index Diversified

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

Countries
Total
Countries
17
Largest
China
33.27%
Was ( 30-Jun-2019 )
32.63%
Over
China
By 11.21%
Fund
33.27%
Benchmark*
22.06%
Under
South Korea
By -10.13%
Fund
1.80%
Benchmark*
11.93%
Data as of 31-Jul-2019
Data as of 31-Jul-2019
Indicative Benchmark: J.P. Morgan Asia Credit Index Diversified

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

Currency
Total
Currencies
2
Largest
U.S. dollar
100.00%
Was ( 30-Jun-2019 )
100.00%

Over
euro
By 0.00%
Fund
0.00%
Benchmark*
0.00%
Under
U.S. dollar
By -0.00%
Fund
100.00%
Benchmark*
100.00%
Data as of 31-Jul-2019
Indicative Benchmark: J.P. Morgan Asia Credit Index Diversified

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


Team
Samy Muaddi,
Portfolio Manager
Samy Muaddi is a portfolio manager in the Fixed Income Division. He is lead manager of T. Rowe Price's Emerging Markets Corporate Bond Strategy.
Portfolio Manager since
2018
Years at
T. Rowe Price
11
Years investment experience
11
Sheldon Chan,
Portfolio Manager
Sheldon Chan is an associate portfolio manager and emerging market credit analyst in the Fixed Income Division at T. Rowe Price. Mr. Chan is associate portfolio manager of T. Rowe Price’s Asia Credit Bond Strategy. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Hong Kong Limited.
Portfolio Manager since
2018
Years at T. Rowe Price
6
Years investment experience
13
Yukiko Hanai,
Portfolio Specialist
Yukiko Hanai is a global fixed income portfolio specialist in the Fixed Income Division of T. Rowe Price, based in Tokyo. She works closely with our local offices in Asia and provides technical knowledge and client servicing for a number of our global fixed income strategies.
Years at T. Rowe Price
1
Years investment experience
25
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Investment Management Fee Ongoing
Charges1
Class A $15,000 $100 5.00% 100 basis points 1.17%
Class Q $15,000 $100 N/A 50 basis points 0.67%
Class I $2,500,000 $100,000 N/A 50 basis points 0.60%

Indicative Benchmark Data Source: JP Morgan. Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan’s prior written approval. Copyright © 2019, J.P. Morgan Chase & Co. All rights reserved.

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.

In accordance with MiFID II regulations, performance data for this product will not be displayed until the fund has more than 12 complete months of data available.