SICAV
Responsible US Aggregate Bond Fund
The diversified portfolio aims to generate revenue from investment in a portfolio of US government, corporate, and asset-backed debt. Securities can include fixed and floating rate bonds, convertible bonds, warrants, and other transferable debt securities, including high yield.
ISIN LU1278043622
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FACTSHEET
KIID
Fund Size
($473.0m)
$473.0m
Data as of: 31-Dec-2021
Perf Chg
(Daily)
0.36%
Data as of: 21-Jan-2022
NAV
(GBP)
£11.23
Data as of: 21-Jan-2022
1 YR Return
(Annualised)
-1.38%
Data as of: 31-Dec-2021
Since
Inception
2.10%
Data as of: 31-Dec-2021
Average
Coupon
2.69%
Data as of: 31-Dec-2021
Average
Maturity
9.59 yrs
Data as of: 31-Dec-2021
Average
Duration
6.58 yrs
Data as of: 31-Dec-2021

Overview
Strategy
Fund Summary
Our approach is based on proprietary fundamental research and relative value analysis. The investment manager seeks to add value primarily through sector allocation, duration management, and security selection. The investment process places a strong emphasis on risk management practices and portfolio diversification to manage the overall risk profile. We apply a proprietary exclusion list that aligns with our clients’ most common ESG concerns.
Interest Rate Sensitivity
LIMITED
MODERATE
EXTENSIVE

938
Holdings
Performance - Net of Fees
Current Year Performance
MTD
-1.58%
Benchmark*
-1.77%
Excess Return

0.19%
QTD
-1.58%
Benchmark*
-1.77%
Excess Return

0.19%
YTD
-1.58%
Benchmark*
-1.77%
Excess Return

0.19%
Data as of 21-Jan-2022
1 Month
-0.44%
Benchmark*
-0.33%
Excess Return

-0.11%
3 Months
-0.09%
Benchmark*
-0.06%
Excess Return

-0.03%
Data as of 31-Dec-2021
 
Sectors
Total
Sectors
8
Largest
Corporate
34.99%
Was ( 30-Nov-2021 )
35.10%
Over
Corporate
By 9.01%
Fund
34.99%
Benchmark*
25.98%
Under
U.S. Treasury
By -18.00%
Fund
21.14%
Benchmark*
39.14%
Data as of 31-Dec-2021
Data as of 31-Dec-2021
Indicative Benchmark: Bloomberg U.S. Aggregate Bond Index

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

Regions
Data as of
Countries
Total
Countries
31
Largest
United States
84.52%
Was ( 30-Nov-2021 )
85.50%
Over
United Kingdom
By 1.91%
Fund
3.05%
Benchmark*
1.14%
Under
United States
By -7.77%
Fund
84.52%
Benchmark*
92.29%
Data as of 31-Dec-2021
Data as of 31-Dec-2021
Indicative Benchmark: Bloomberg U.S. Aggregate Bond Index

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


Team
Brian J. Brennan,
Portfolio Manager
Brian Brennan is a portfolio manager in the Fixed Income Division. Mr. Brennan has lead portfolio management responsibilities for the US Treasury, US Core Plus Bond, and Stable Value Strategies.
Portfolio Manager since
2003
Years at
T. Rowe Price
19
Years investment experience
34
Stephen Bartolini,
Portfolio Manager
Steve Bartolini is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Bartolini is the lead portfolio manager of the U.S. Core Bond Strategy, the U.S. Inflation Protected Strategy, and the U.S. Short-Term Inflation Focused Bond Strategy.
Portfolio Manager since
2022
Years at T. Rowe Price
9
Years investment experience
20
Jeff DeVack,
Portfolio Specialist
Jeff DeVack is a portfolio specialist in the Fixed Income Division of T. Rowe Price.
Years at T. Rowe Price
8
Years investment experience
19
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Investment Management Fee Ongoing
Charges1

Benchmark Data Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

Past performance is not a reliable indicator of future performance.

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.

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.

©2022 Morningstar, Inc.  All Rights Reserved.  The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely.  Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Citywire - where the Fund manager is rated by Citywire the rating is based on the manager's 3 year risk adjusted performance.