SICAV
Dynamic Global Bond Fund
Seeks to generate positive returns from global fixed income with a focus on downside risk and diversification from equity markets.
ISIN LU1216622214
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FACTSHEET
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FUND PROFILE
COMMENTARY

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Fund Size
($1.3b)
$1.3b
Perf Chg
(Daily)
0.09%
NAV
(USD)
$10.57
1 YR Return
(Annualised)
0.47%
Since
Inception
1.42%
Average
Coupon
4.39%
Average
Maturity
5.38 yrs
Average
Duration
0.18 yrs

Overview
Strategy
Fund Summary
Seeks to invest across the full global fixed-income universe and seek to identify the best risk/reward opportunities across sovereign, credit and currency markets.
LIMITED
MODERATE
EXTENSIVE

118
Holdings

Average
Quality
A
Risk & Reward Data
Information Ratio
-0.70
Sharpe Ratio
-0.53
Historical Tracking Error
2.39%
20 June 2017

Fund Name Changed

Effective June 20, 2017, the Global Unconstrained Bond Fund was renamed the Dynamic Global Bond Fund.

20 June 2017

Fund Name Changed

Effective June 20, 2017, the Global Unconstrained Bond Fund was renamed the Dynamic Global Bond Fund.

Performance - Net of Fees
Current Year Performance
MTD
-0.28%
Benchmark*
0.10%
Excess Return

-0.38%
QTD
-0.75%
Benchmark*
0.29%
Excess Return

-1.04%
YTD
-0.19%
Benchmark*
1.59%
Excess Return

-1.78%
Data as of 16-Aug-2019
1 Month
-0.47%
Benchmark*
0.20%
Excess Return

-0.67%
3 Months
1.24%
Benchmark*
0.61%
Excess Return

0.63%
Data as of 31-Jul-2019
 
Annualised Performance
1 YR
0.47%
Benchmark*
2.57%
Excess Return

-2.10%
3 YR
0.16%
Benchmark*
1.83%
Excess Return

-1.67%
5 YR
N/A
Benchmark*
N/A
Excess Return

N/A
Inception
1.42%
Benchmark*
1.46%
Excess Return

-0.04%
Manager Inception
1.42%
Benchmark*
1.46%
Excess Return

-0.04%
Data as of 31-Jul-2019
Indicative Benchmark : 3 Month LIBOR in USD
Fund Inception: 10-Jun-2015
Manager Inception: 10-Jun-2015

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

Holdings
Total
Holdings
118
Top 10
61.87%
Largest
U.S. Treasury Bonds
11.45%
Was ( 31-Mar-2019 )
6.51%
Data as of 30-Jun-2019
Duration
Maturity
Quality
Average
0.18 yrs
Average
5.38 yrs
Average
A
Top
AAA
24.52%
Was ( 30-Jun-2019 )
31.50%
Sectors
Total
Sectors
7
Largest
Government
74.02%
Was ( 30-Jun-2019 )
77.33%
Data as of 31-Jul-2019
Regions
Data as of
Countries
Total
Countries
34
Largest
United States
31.87%
Was ( 30-Jun-2019 )
35.04%
Data as of 31-Jul-2019

Team
Arif Husain,
Portfolio Manager
Arif Husain is head of International Fixed Income at T. Rowe Price. He is lead portfolio manager for the Dynamic Global and Global Aggregate Bond Strategies.
Portfolio Manager since
2015
Years at
T. Rowe Price
4
Years investment experience
22
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
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: ICE

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.