SICAV
Diversified Income Bond Fund
Seeks to generate stable income with some capital appreciation by investing in a globally diversified portfolio of bonds from a wide range of issuers.
ISIN LU1244139231
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FACTSHEET
KIID
COMMENTARY

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Fund Size
($131.0m)
$131.0m
Data as of: 30-Sep-2019
Perf Chg
(Daily)
0.08%
Data as of: 18-Oct-2019
NAV
(USD)
$11.86
Data as of: 18-Oct-2019
1 YR Return
(Annualised)
9.86%
Data as of: 30-Sep-2019
Since
Inception
6.14%
Data as of: 30-Sep-2019
Average
Coupon
4.85%
Data as of: 30-Sep-2019
Average
Maturity
5.13 yrs
Data as of: 30-Sep-2019
Average
Duration
5.48 yrs
Data as of: 30-Sep-2019

Overview
Strategy
Fund Summary
Seeks to maximise returns through investment in a global portfolio of fixed income and currency positions.
Interest Rate Sensitivity
LIMITED
MODERATE
EXTENSIVE

298
Holdings

Average
Quality
BBB+
Risk & Reward Data

Risk return statistics are not available until 3 years of data is available.
20 June 2017

Fund Name Changed

Effective June 20, 2017, the Global Multi Sector Bond Fund was renamed the Diversified Income Bond Fund.

20 June 2017

Fund Name Changed

Effective June 20, 2017, the Global Multi Sector Bond Fund was renamed the Diversified Income Bond Fund.

Performance - Net of Fees
Current Year Performance
MTD
0.42%
Benchmark*
-0.50%
Excess Return

0.92%
QTD
0.42%
Benchmark*
-0.50%
Excess Return

0.92%
YTD
9.41%
Benchmark*
8.21%
Excess Return

1.20%
Data as of 18-Oct-2019
1 Month
-0.42%
Benchmark*
-0.46%
Excess Return

0.04%
3 Months
1.37%
Benchmark*
2.59%
Excess Return

-1.22%
Data as of 30-Sep-2019
 
Annualised Performance
1 YR
9.86%
Benchmark*
10.65%
Excess Return

-0.79%
3 YR
N/A
Benchmark*
N/A
Excess Return

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

N/A
Inception
6.14%
Benchmark*
5.16%
Excess Return

0.98%
Manager Inception
10.58%
Benchmark*
10.86%
Excess Return

-0.28%
Data as of 30-Sep-2019
Indicative Benchmark : Bloomberg Barclays Global Aggregate Bond USD Hedged Index
Fund Inception: 15-Dec-2016
Manager Inception: 31-Oct-2018

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

Holdings
Total
Holdings
298
Top 10
27.07%
Largest
U.S. Treasury Notes
3.56%
Was ( 30-Jun-2019 )
2.82%
Data as of 30-Sep-2019
Duration
Maturity
Quality
Average
5.48 yrs
Average
5.13 yrs
Average
BBB+
Top
1-3 Years
31.54%
Was ( 31-Aug-2019 )
30.04%
Top
3-5 Years
32.09%
Was ( 31-Aug-2019 )
28.44%
Top
BBB
23.61%
Was ( 31-Aug-2019 )
20.63%
Over
3-5 Years
By 10.00%
Fund
31.43%
Benchmark*
21.42%
Over
5-7 Years
By 11.08%
Fund
25.51%
Benchmark*
14.43%
Over
BB
By 19.37%
Fund
19.88%
Benchmark*
0.51%
Under
Over 10 Years
By -17.43%
Fund
5.47%
Benchmark*
22.90%
Under
10+ Years
By -16.08%
Fund
9.17%
Benchmark*
25.25%
Under
A
By -12.63%
Fund
12.41%
Benchmark*
25.05%
Sectors
Total
Sectors
7
Largest
Global Sovereign
45.39%
Was ( 31-Aug-2019 )
61.05%
Over
Global High Yield
By 13.91%
Fund
13.91%
Benchmark*
0.00%
Under
Global Sovereign
By -20.99%
Fund
45.39%
Benchmark*
66.38%
Data as of 30-Sep-2019
Data as of 30-Sep-2019
Indicative Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index

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

Regions
Total
Regions
7
Largest
North America
38.72%
Was ( N/A )
N/A
Over
Latin America
By 10.13%
Fund
11.26%
Benchmark**
1.13%
Under
Japan
By -14.40%
Fund
2.10%
Benchmark**
16.50%
Data as of 30-Sep-2019
Data as of 30-Sep-2019
Indicative Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index

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

Countries
Total
Countries
55
Largest
United States
36.66%
Was ( 31-Aug-2019 )
43.54%
Over
Brazil
By 4.66%
Fund
4.72%
Benchmark*
0.06%
Under
Japan
By -14.40%
Fund
2.10%
Benchmark*
16.50%
Data as of 30-Sep-2019
Data as of 30-Sep-2019
Indicative Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index

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

Currency
Total
Currencies
25
Largest
U.S. dollar
89.83%
Was ( 31-Aug-2019 )
87.57%

Over
U.S. dollar
By 44.64%
Fund
89.83%
Benchmark*
45.20%
Under
euro
By -27.68%
Fund
-3.96%
Benchmark*
23.72%
Data as of 30-Sep-2019
Indicative Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index

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


Team
Ken Orchard,
Portfolio Manager
Ken Orchard is a senior portfolio manager in the Fixed Income division. He is lead portfolio manager of the Diversified Income Bond and International Bond strategies
Years at
T. Rowe Price
6
Years investment experience
13
Stephane Fertat, CFA,
Portfolio Specialist
Stephane Fertat is a fixed income portfolio specialist. He is a member of the Global Fixed Income team, supporting all global/international fixed income strategies.
Years at
T. Rowe Price
10
Years investment experience
20
Terry Moore,
Portfolio Specialist
Terry Moore is a portfolio specialist in the Fixed Income division. He is a member of the Global Multi-Sector/Diversified Income, Global Unconstrained and Customized Fixed Income teams.
Years at
T. Rowe Price
7
Years investment experience
21
Stephen Marsh,
Fixed Income Portfolio Specialist
Stephen Marsh is a portfolio specialist in the Fixed Income Division, based in London.
Years at T. Rowe Price
2
Years investment experience
17
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: Bloomberg Barclays

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.

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.

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.

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.