The Case for Dynamic Global Bond
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FUND RANGE
Your route into fixed income markets
We offer a wide range of actively managed portfolios to meet clients’ needs, whether they want higher income, more diversification, or a safe pair of hands for their “sleep at night” allocation.
Dynamic Global Bond Fund
Consistent returns through fixed income market cycles
At a glance *
Fund launch date: June 2015
ISIN Class I: LU1216622214
Portfolio Manager: Arif Husain
Fund size**: USD 1.5bn
*The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only..
(**As of 30/06/2022. Firmwide AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates.)
PORTFOLIO MANAGER
Arif Husain
Years of industry experience
26
Years at
T. Rowe Price
8
Explore the fund
The fund aims to deliver positive returns (after the deduction of costs and charges), comprising of income and growth, over rolling 3-year periods.
For investors who want: to diversify their portfolio at times of equity market correction and during periods of risk aversion, minimizing downside risk while seeking consistent returns throughout market cycles.
Watch as Portfolio Specialist Amanda Stitt discusses why investors should consider non-traditional fixed income strategies, and how Dynamic Global Bond differs from other unconstrained bonds.
Risks - The following risks are materially relevant to T. Rowe Price Funds SICAV - Dynamic Global Bond Fund (refer to prospectus for further details): ABS and MBS risk, Contingent convertible bond risk, Credit risk, Currency risk, Default risk, Derivatives risk, Emerging markets risk, High yield bond risk, Interest rate risk, Issuer concentration risk, Liquidity risk, Prepayment and extension risk, Sector concentration risk, Total return swap risk.
Emerging Local Markets Bond Fund
Taking the sovereign bond market risks that pay, managing those that don’t
At a glance *
Fund launch date: August 2007
ISIN Class I: LU0310189781
Portfolio Manager: Andrew Keirle
Fund size**: USD 116.3 m
*The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.
(**As of 30/06/2022. Firmwide AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates.)
PORTFOLIO MANAGER
Andrew Keirle
Years of industry experience
14
Years at
T. Rowe Price
23
Explore the fund
The largest of the EM debt markets, local currency sovereign bonds offer diversification and a good combination of income and quality. We seek to harvest the attractive yields available, while carefully managing the potential sources of volatility.
For investors who want: income and diversification, and have a longer investment horizon.
Risks - The following risks are materially relevant to T. Rowe Price Funds SICAV - Emerging Local Markets Bond Fund (refer to prospectus for further details): Contingent convertible bond risk - Counterparty risk, Country risk (Russia and Ukraine) – Credit risk – Currency risk - Default risk – Derivatives risk - Emerging markets risk – ESG and Sustainability risk - Frontier markets risk – Geographic concentration risk - Hedging risk - High Yield Bond risk - Issuer concentration risk – Liquidity risk - Management risk - Market risk - Operational risk - Sector concentration risk – Total return swap risk - Interest Rate risk - Investment fund risk.
Responsible Emerging Markets Corporate Bond Fund
Applying deep emerging markets expertise to an under-researched asset class
At a glance *
Fund launch date: June 2010
ISIN Class I: LU0596126465
Portfolio Managers: Samy Muaddi, Siby Thomas
Fund size**: USD 190.0 m
*The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.
(**As of 30/06/2022. Firmwide AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates.)
PORTFOLIO MANAGER
Samy Muaddi
Years of industry experience
14
Years at
T. Rowe Price
14
PORTFOLIO MANAGER
Siby Thomas
Years of industry experience
11
Years at
T. Rowe Price
11
Explore the fund
Emerging markets corporate debt is a fast-growing but relatively under-owned and under-researched market. We seek to capture diverse sources of genuine excess return, rather than just chasing yield or having excessive portfolio concentration.
For investors who want: to tap into the diverse global emerging market corporate opportunity.
Tell Me One Thing: a video series with our Portfolio Managers
Risks - The following risks are materially relevant to T. Rowe Price Funds SICAV - Responsible Emerging Markets Corporate Bond Fund (refer to prospectus for further details): China Interbank Bond Market risk - Contingent convertible bond risk - Counterparty risk - Country risk (China) - Credit risk - Default risk - Derivatives risk - Emerging markets risk - ESG and Sustainability risk - Frontier markets risk - Geographic concentration risk - Hedging risk - High Yield Bond risk - Interest rate risk - Investment fund risk - Liquidity risk - Management risk - Market risk - Operational risk - Sector concentration risk - Total return swap risk.
Responsible Asia Credit Bond Fund
Seeking the best opportunities across the high-growth Asian credit market
At a glance *
Fund launch date: April 2018
ISIN Class I: LU1697875810
Portfolio Manager: Sheldon Chan
Fund size**: USD 51.6m
*The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.
(**As of 30/06/2022. Firmwide AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates.)
PORTFOLIO MANAGER
Sheldon Chan
Years of industry experience
15
Years at
T. Rowe Price
8
Explore the fund
The Asian hard currency bond market is diverse and fast growing, with high proportion of investment-grade issuers. We seek to identify evolving, long-term opportunities and take advantage of pricing anomalies and market dislocations.
For investors who want: higher-quality exposure to the potential of emerging markets credit.
Tell Me One Thing: a video series with our Portfolio Managers
Risks - The following risks are materially relevant to T. Rowe Price Funds SICAV - Responsible Asia Credit Bond Fund (refer to prospectus for further details): China Interbank Bond Market risk - Contingent convertible bond risk - Counterparty risk - Country risk (China) - Credit risk - Currency risk - Default risk - Emerging markets risk - ESG and Sustainability risk - Frontier markets risk - Geographic concentration risk - Hedging risk - High Yield Bond risk - Interest rate risk - Investment fund risk - Issuer concentration risk - Liquidity risk - Management risk - Market risk - Operational risk - Sector concentration risk - Total return swap risk.
Global High Income Bond Fund
A high-conviction, active approach to a truly global bond opportunity set
At a glance *
Fund launch date: 31 January 2015
ISIN Class I: LU1216622644
Portfolio Manager: Mike della Vedova
Fund size**: USD 429.7 m
*The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.
(**As of 30/06/2022. Firmwide AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates.)
PORTFOLIO MANAGER
Mike della Vedova
Years of industry experience
28
Years at
T. Rowe Price
12
Explore the fund
Carefully blending together the highest-conviction ideas of our experts across North America, Europe and the emerging markets, we aim to harness multiple sources of return, seeking to deliver income, capital growth and diversification.
For investors who want: to spread the net as wide as possible for income opportunities.
Risks - The following risks are materially relevant to T. Rowe Price Funds SICAV - Global High Income Bond Fund (refer to prospectus for further details): China Interbank Bond Market risk - Contingent convertible bond risk - Counterparty risk - Credit risk - Currency risk - Default risk - Emerging markets risk - ESG and Sustainability risk - Frontier markets risk - Geographic concentration risk - Hedging risk - High Yield Bond risk - Interest rate risk - Investment fund risk - Issuer concentration risk - Liquidity risk - Management risk - Market risk - Operational risk - Sector concentration risk - Total return swap risk - Derivatives risk
US High Yield Bond Fund
An active approach to the world’s largest and oldest high-yield bond market
At a glance *
Fund launch date: April 2013
ISIN Class I: LU1697877279
Portfolio Manager: Kevin Loome, CFA
Fund size**: USD 187.6 m
*The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.
(**As of 30/06/2022. Firmwide AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates.)
PORTFOLIO MANAGER
Kevin Loome
Years of industry experience
27
Years at
T. Rowe Price
14
Explore the fund
With around 1,000 primarily domestically focused companies, US high yield offers exposure to the grass roots of the US economy. Our concentrated, flexible approach seeks to capitalize on attractive relative value opportunities across issuers.
For investors who want: exposure to the grass roots of the US economy.
Risks - The following risks are materially relevant to T. Rowe Price Funds SICAV - US High Yield Bond Fund (refer to prospectus for further details): Counterparty risk - Credit risk - Currency risk - Default risk - Derivatives risk - ESG and Sustainability risk - Geographic concentration risk - Hedging risk - High Yield Bond risk - Interest rate risk - Investment fund risk - Liquidity risk - Management risk - Market risk - Operational risk - Sector concentration risk - Total return swap risk.
Responsible Global Aggregate Bond Fund
A world of fixed income opportunities – in one carefully selected portfolio
At a glance *
Fund launch date: July 2001
ISIN Class I: LU0133095660
Portfolio Managers: Arif Husain, Quentin Fitzsimmons
Fund size**: USD 610.5 m
*The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.
(**As of 30/06/2022. Firmwide AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates.)
PORTFOLIO MANAGER
Arif Husain
Years of industry experience
26
Years at
T. Rowe Price
8
PORTFOLIO MANAGER
Quentin Fitzsimmons
Years of industry experience
29
Years at
T. Rowe Price
5
Explore the fund
With more than 26,000 issues, the global investment-grade bond universe offers a wealth of opportunity. We seek to offer the best of the global aggregate universe in a carefully selected, actively managed portfolio of 500 to 600 issues.
For investors who want: a selective approach to the global investment-grade universe.
Risks - The following risks are materially relevant to T. Rowe Price Funds SICAV - Responsible Global Aggregate Bond Fund (refer to prospectus for further details): Counterparty risk - ABS/MBS risk - Contingent convertible bond risk - ESG and Sustainability risk - Credit risk - Currency risk - Default risk - Derivatives risk - Emerging Markets risk - Geographic concentration risk - Hedging risk - Interest rate risk - Investment fund risk - Issuer concentration risk - Liquidity risk - Management risk - Market risk - Operational risk - Prepayment and extension risk - Sector concentration risk.
Responsible Euro Corporate Bond Fund
Exploiting euro-denominated bond market inefficiencies via active management
At a glance *
Fund launch date: June 2001
ISIN Class I: LU0133091248
Portfolio Manager: David Stanley
Fund size**: EUR 231.6 m
*The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.
(**As of 30/06/2022. Firmwide AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates.)
PORTFOLIO MANAGER
David Stanley
Years of industry experience
33
Years at
T. Rowe Price
17
Explore the fund
Euro-denominated corporate bonds are one of the deepest and most liquid segments of the global investment-grade corporate bond market. We seek to exploit inefficiencies in this market to deliver a combination of income and capital growth.
For investors who want: more return than Bunds but less volatility than euro high yield.
The following risks are materially relevant to T. Rowe Price Funds SICAV - Responsible Euro Corporate Bond Fund (refer to prospectus for further details): Counterparty risk - Credit risk - Currency risk - Default risk - Derivatives risk - Emerging Markets risk - ESG and Sustainability risk - Geographic concentration risk - Hedging risk - Interest rate risk - Investment fund risk - Liquidity risk - Management risk - Market risk - Operational risk - Sector concentration risk - Total return swap risk.
Responsible European High Yield Bond Fund
A world of fixed income opportunities – in one carefully selected portfolio
At a glance *
Fund launch date: September 2011
ISIN Class I: LU0133095660
Portfolio Manager: Mike Della Vedova
Fund size**: EUR 150.2 m
*The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.
(**As of 30/06/2022. Firmwide AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates.)
PORTFOLIO MANAGER
Mike della Vedova
Years of industry experience
28
Years at
T. Rowe Price
12
Explore the fund
With more than 26,000 issues, the global investment-grade bond universe offers a wealth of opportunity. We seek to offer the best of the global aggregate universe in a carefully selected, actively managed portfolio of 500 to 600 issues.
For investors who want: a selective approach to the global investment-grade universe.
The following risks are materially relevant to T. Rowe Price Funds SICAV - Responsible European High Yield Bond Fund (refer to prospectus for further details): Counterparty risk - ESG and Sustainability risk - High Yield bond risk - Credit risk - Derivatives risk - Emerging Markets risk - Geographic concentration risk - Hedging risk - Interest rate risk - Investment fund risk - Liquidity risk - Management risk - Market risk - Operational risk - Default risk, Sector concentration risk, Total return swap risk
Dynamic Credit Fund
Harnessing the credit expertise of our global research platform
At a glance *
Fund launch date: December 2019
ISIN Class I: LU2047632240
Portfolio Manager: Saurabh Sud
Fund size**: USD 26.1 m
*The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.
(**As of 30/06/2022. Firmwide AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates.)
PORTFOLIO MANAGER
Saurabh Sud
Years of industry experience
12
Years at
T. Rowe Price
1
Explore the fund
Dynamic Credit seeks to help investors who are searching for yield and return but are conscious about adding undue credit beta and duration risk. This is a high conviction, flexible portfolio that seeks to identify and exploit pricing dislocations across a range of global credit markets.
For investors who want: to complement their equity or higher-return-seeking allocations with a potentially lower-volatility source of return.
The following risks are materially relevant to T. Rowe Price Funds SICAV - Dynamic Credit Fund (refer to prospectus for further details): Counterparty risk - ABS/MBS risk - Contingent convertible bond risk - ESG and Sustainability risk - Credit risk - Currency risk - Default risk - Derivatives risk - Emerging Markets risk - Geographic concentration risk - Hedging risk - Interest rate risk - Investment fund risk - Issuer concentration risk - Liquidity risk - Management risk - Market risk - Operational risk - Prepayment and extension risk - Sector concentration risk. - High Yield Bond risk, Country risk (China), Country risk (Russia and Ukraine), Sector concentration risk, Distressed or defaulted debt risk, Frontier markets risk, China Interbank Bond Market risk, Total return swap risk
Want to know more? Get in touch.
If you have questions or would like more information about T. Rowe Price please contact us.
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. They can also be found along with a summary of investor rights in English at www.troweprice.com. The Management Company reserves the right to terminate marketing arrangements.