SICAV
US Investment Grade Corporate Bond Fund
Seeks to maximise returns through investment in a portfolio of US corporate bonds.
ISIN LU1697876461
View more information on risks
FACTSHEET
KIID
Fund Size
($13,8m)
$13,8m
Data as of: 31-Oct-2019
Perf Chg
(Daily)
0,00%
Data as of: 04-Dec-2019
NAV
(USD)
$11,50
Data as of: 04-Dec-2019
1 YR Return
(Annualised)
15,01%
Data as of: 31-Oct-2019
Since
Inception
9,10%
Data as of: 31-Oct-2019
Average
Coupon
4,57%
Data as of: 31-Oct-2019
Average
Maturity
8,56 yrs
Data as of: 31-Oct-2019
Average
Duration
7,78 yrs
Data as of: 31-Oct-2019

Overview
Strategy
Fund Summary
Actively managed, seeks to exploit market inefficiencies through bottom-up fundamental credit analysis.
LIMITED
MODERATE
EXTENSIVE

130
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
0,17%
Benchmark*
-0,03%
Excess Return

0,20%
QTD
1,32%
Benchmark*
0,83%
Excess Return

0,49%
YTD
14,20%
Benchmark*
14,14%
Excess Return

0,06%
Data as of 04-Dec-2019
1 Month
0,62%
Benchmark*
0,61%
Excess Return

0,01%
3 Months
3,72%
Benchmark*
3,10%
Excess Return

0,62%
Data as of 31-Oct-2019
 
Annualised Performance
1 YR
15,01%
Benchmark*
15,37%
Excess Return

-0,36%
3 YR
N/A
Benchmark*
N/A
Excess Return

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

N/A
Inception
9,10%
Benchmark*
9,49%
Excess Return

-0,39%
Manager Inception
9,10%
Benchmark*
9,49%
Excess Return

-0,39%
Data as of 31-Oct-2019
Indicative Benchmark : Bloomberg Barclays U.S. Corporate Investment Grade Bond Index
Fund Inception: 23-Apr-2018
Manager Inception: 23-Apr-2018

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

Holdings
Total
Holdings
130
Top 10
23.74%
Largest
SBA Tower Trust
2,29%
Was ( 30-Jun-2019 )
2,35%
Data as of 30-Sep-2019
Duration
Maturity
Quality
Average
7,78 yrs
Average
8,56 yrs
Average
BBB
Top
3-5 Years
35,13%
Was ( 30-Sep-2019 )
38,22%
Top
3-5 Years
26,25%
Was ( 30-Sep-2019 )
27,11%
Top
BBB
58,99%
Was ( 30-Sep-2019 )
61,18%
Over
3-5 Years
By 15,85%
Fund
35,13%
Benchmark*
19,29%
Over
7-10 Years
By 10,20%
Fund
26,19%
Benchmark*
15,99%
Over
BBB
By 11,65%
Fund
58,99%
Benchmark*
47,34%
Under
Over 10 Years
By -19,21%
Fund
13,24%
Benchmark*
32,46%
Under
10+ Years
By -16,37%
Fund
18,77%
Benchmark*
35,14%
Under
A
By -12,16%
Fund
26,39%
Benchmark*
38,55%
Sectors
Total
Sectors
20
Largest
Banking
17,46%
Was ( 30-Sep-2019 )
18,98%
Over
Securitized
By 4,15%
Fund
4,15%
Benchmark*
0,00%
Under
Banking
By -4,89%
Fund
17,46%
Benchmark*
22,35%
Data as of 31-Oct-2019
Data as of 31-Oct-2019
Indicative Benchmark: Bloomberg Barclays U.S. Corporate Investment Grade Bond Index

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

Regions
Data as of
Countries
Total
Countries
20
Largest
United States
56,58%
Was ( 30-Sep-2019 )
54,72%
Over
China
By 8,77%
Fund
9,12%
Benchmark*
0,34%
Under
United States
By -26,30%
Fund
56,58%
Benchmark*
82,88%
Data as of 31-Oct-2019
Data as of 31-Oct-2019
Indicative Benchmark: Bloomberg Barclays U.S. Corporate Investment Grade Bond Index

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


Team
Steven Boothe,
Portfolio Manager
Steve Boothe is lead portfolio manager of the Global Investment Grade Corporate Bond strategy and co-portfolio manager of the US Investment Grade Corporate Bond strategy.
Portfolio Manager since
2018
Years at T. Rowe Price
18
Years investment experience
20
Lauren Wagandt,
Portfolio Manager
Lauren Wagandt is a portfolio manager in the Fixed Income division. She is co-portfolio manager of the US Investment Grade Corporate Bond strategy.
Portfolio Manager since
2018
Years at T. Rowe Price
8
Years investment experience
11
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
Class A $1,000 $100 5.00% 75 basis points 0.92%
Class Q $1,000 $100 N/A 40 basis points 0.57%
Class I $2,500,000 $100,000 N/A 40 basis points 0.50%

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.

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.

Daily performance data is based on the latest available NAV.  

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.