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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KIID
COMMENTARY

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Fund Size
($114.3m)
$114.3m
Perf Chg
(Daily)
0.34%
NAV
(USD)
$11.88
1 YR Return
(Annualised)
8.72%
Since
Inception
6.23%
Average
Coupon
3.39%
Average
Maturity
4.88 yrs
Average
Duration
5.82 yrs

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

258
Holdings

Average
Quality
A-
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
1.37%
Benchmark*
1.94%
Excess Return

-0.57%
QTD
1.97%
Benchmark*
2.74%
Excess Return

-0.77%
YTD
9.59%
Benchmark*
8.91%
Excess Return

0.68%
Data as of 16-Aug-2019
1 Month
0.60%
Benchmark*
0.79%
Excess Return

-0.19%
3 Months
3.17%
Benchmark*
3.67%
Excess Return

-0.50%
Data as of 31-Jul-2019
 
Annualised Performance
1 YR
8.72%
Benchmark*
8.61%
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
6.23%
Benchmark*
4.78%
Excess Return

1.45%
Manager Inception
9.74%
Benchmark*
8.91%
Excess Return

0.83%
Data as of 31-Jul-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
258
Top 10
28.71%
Largest
Federal National Mortgage Assn.
2.83%
Was ( 31-Mar-2019 )
0.00%
Data as of 30-Jun-2019
Duration
Maturity
Quality
Average
5.82 yrs
Average
4.88 yrs
Average
A-
Top
1-3 Years
28.02%
Was ( 30-Jun-2019 )
20.58%
Top
3-5 Years
29.55%
Was ( 30-Jun-2019 )
32.54%
Top
BBB
22.49%
Was ( 30-Jun-2019 )
21.54%
Over
Under 1 Year
By 17.43%
Fund
18.11%
Benchmark*
0.68%
Over
0-1 Years
By 14.40%
Fund
14.41%
Benchmark*
0.00%
Over
BB
By 13.76%
Fund
14.26%
Benchmark*
0.50%
Under
Over 10 Years
By -17.29%
Fund
5.11%
Benchmark*
22.40%
Under
10+ Years
By -17.47%
Fund
7.25%
Benchmark*
24.72%
Under
A
By -13.65%
Fund
13.11%
Benchmark*
26.76%
Sectors
Total
Sectors
7
Largest
Global Sovereign
55.87%
Was ( 30-Jun-2019 )
46.20%
Over
Global High Yield
By 8.20%
Fund
8.20%
Benchmark*
0.00%
Under
Global Sovereign
By -10.41%
Fund
55.87%
Benchmark*
66.28%
Data as of 31-Jul-2019
Data as of 31-Jul-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
33.30%
Was ( N/A )
N/A
Over
Latin America
By 9.26%
Fund
10.33%
Benchmark**
1.08%
Under
Japan
By -11.78%
Fund
5.00%
Benchmark**
16.78%
Data as of 30-Jun-2019
Data as of 30-Jun-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
57
Largest
United States
40.43%
Was ( 30-Jun-2019 )
31.61%
Over
United States
By 7.31%
Fund
40.43%
Benchmark*
33.11%
Under
Japan
By -11.58%
Fund
4.89%
Benchmark*
16.47%
Data as of 31-Jul-2019
Data as of 31-Jul-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
26
Largest
U.S. dollar
83.60%
Was ( 30-Jun-2019 )
83.60%

Over
U.S. dollar
By 38.47%
Fund
83.60%
Benchmark*
45.13%
Under
euro
By -26.10%
Fund
-1.81%
Benchmark*
24.29%
Data as of 31-Jul-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.