SICAV
Global Growth Equity Fund
A growth-oriented portfolio of typically 120-140 companies, seeking to harness the best ideas of our global research team. The fund offers broad exposure to the global equity universe, both developed and emerging markets, investing in around 30 countries.
ISIN LU0382933116
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FACTSHEET
KIID
FUND PROFILE
COMMENTARY

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Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 31-Oct-2019
NAV
(USD)
$46.44
Data as of: 12-Nov-2019
1YR Return
(Annualised)
17.08%
Data as of: 31-Oct-2019
Fund Size
(USD)
$470.8m
Data as of: 31-Oct-2019
Perf Change
(Daily)
0.39%
Data as of: 12-Nov-2019
3YR Return
(Annualised)
14.75%
Data as of: 31-Oct-2019

Overview
Strategy
Fund Summary
We seek to invest in high-quality, durable businesses with sustainable growth prospects. We look for companies in attractive industries with improving fundamentals and potential for above-average and sustainable rates of earnings growth, when we believe valuations offer us high conviction, upside potential.
SMALL-CAP
MID-CAP
LARGE-CAP

159
Holdings

Style
Growth
Risk & Reward Data
Information Ratio
0.61
Sharpe Ratio
0.65
Historical Tracking Error
4.15%
01 July 2018

Indicative Benchmark

Effective July 1, 2018, the “net” version of the indicative benchmark replaced the “gross” version of the indicative benchmark. The “net” version of the indicative benchmark assumes the reinvestment of dividends after the deduction of withholding taxes applicable to the country where the dividend is paid; as such, the returns of the new benchmark are more representative of the returns experienced by investors in foreign issuers. Historical benchmark performance has been restated accordingly.

01 July 2018

Indicative Benchmark

Effective July 1, 2018, the “net” version of the indicative benchmark replaced the “gross” version of the indicative benchmark. The “net” version of the indicative benchmark assumes the reinvestment of dividends after the deduction of withholding taxes applicable to the country where the dividend is paid; as such, the returns of the new benchmark are more representative of the returns experienced by investors in foreign issuers. Historical benchmark performance has been restated accordingly.

Performance - Net of Fees
Current Year Performance
MTD
0.96%
Benchmark*
1.65%
Excess Return

-0.69%
QTD
3.45%
Benchmark*
4.44%
Excess Return

-0.99%
YTD
23.64%
Benchmark*
21.35%
Excess Return

2.29%
Data as of 12-Nov-2019
1 Month
2.47%
Benchmark*
2.74%
Excess Return

-0.27%
3 Months
-0.24%
Benchmark*
2.41%
Excess Return

-2.65%
Data as of 31-Oct-2019
 
Annualised Performance
1 YR
17.08%
Benchmark*
12.59%
Excess Return

4.49%
3 YR
14.75%
Benchmark*
11.33%
Excess Return

3.42%
5 YR
9.63%
Benchmark*
7.08%
Excess Return

2.55%
10 YR
10.32%
Benchmark*
8.81%
Excess Return

1.51%
Manager Inception
14.87%
Benchmark*
11.46%
Excess Return

3.41%
Data as of 31-Oct-2019
Indicative Benchmark : MSCI All Country World Index Net
Fund Inception: 27-Oct-2008
Manager Inception: 27-Oct-2008

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

Holdings
Total
Holdings
159
Largest
Alphabet Class C
2.85%
Was ( 30-Jun-2019 )

3.03%
Top 10
17.60%
Contributor
Alphabet
By 1.38%
% of fund
2.77%
Detractor
Amazon.com
By -0.79%
% of fund
2.66%
Purchase
Experian (N)
0.98%
Was ( 30-Jun-2019 )
0.00%
Sale
Northrop Grumman (E)
0.00%
Was ( 30-Jun-2019 )
0.72%
Data as of 30-Sep-2019
Sectors
Total
Sectors
11
Largest
Information Technology
19.08%
Was ( 30-Sep-2019 )
18.23%
Contributor
Materials
By 0.44%
Sector
0.08%
Selection
0.36%
Detractor
Consumer Discretionary
By -1.08%
Sector
-0.01%
Selection
-1.07%
Data as of 30-Sep-2019
Over
Consumer Discretionary
By 3.79%
Fund
14.61%
Benchmark*
10.83%
Under
Energy
By -3.44%
Fund
1.87%
Benchmark*
5.30%
Data as of 31-Oct-2019
Data as of 31-Oct-2019
Indicative Benchmark: MSCI All Country World Index

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

Regions
Contributor
Pacific ex Japan
By 0.33%
Country
-0.49%
Selection
0.82%
Detractor
United States
By -1.19%
Country
-0.13%
Selection
-1.06%
Data as of 30-Sep-2019
Data as of
Countries
Total
Countries
29
Largest
United States
45.81%
Was ( 30-Sep-2019 )
46.07%
Over
India
By 5.76%
Fund
6.81%
Benchmark*
1.04%
Under
United States
By -9.49%
Fund
45.81%
Benchmark*
55.30%
Data as of 31-Oct-2019
Data as of 31-Oct-2019
Indicative Benchmark: MSCI All Country World Index

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

Currency
Total
Currencies
23
Largest
U.S. dollar
57.57%
Was ( 30-Sep-2019 )
57.20%

Over
Indian rupee
By 5.75%
Fund
6.80%
Benchmark*
1.04%
Under
Japanese yen
By -5.97%
Fund
1.45%
Benchmark*
7.42%
Data as of 31-Oct-2019
Indicative Benchmark: MSCI All Country World Index

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


Team
Scott Berg,
Lead Portfolio Manager
Scott Berg is the portfolio manager for the T. Rowe Price Global Growth Equity Strategy.
Lead Portfolio Manager since
2008
Years at
T. Rowe Price
16
Years investment experience
16
Hari Balkrishna,
Portfolio Manager
Hari Balkrishna is an associate portfolio manager for the Global Growth Equity Strategy in the Equity Division of T. Rowe Price. Mr. Balkrishna has 10 years of investment experience. He completed an internship at T. Rowe Price in 2009. Prior to joining the firm in 2010, he worked at Goldman Sachs, Sydney, Australia, in the financial institutions group of the Investment Banking Division.
Years at T. Rowe Price
8
Years investment experience
10
Laurence Taylor,
Portfolio Specialist
Laurence Taylor is a portfolio specialist in the Equity Division at T. Rowe Price, representing the firm's global equity portfolio managers to institutional clients, consultants and prospects.
Years at
T. Rowe Price
8
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: MSCI. MSCI and its affiliates and third party sources and providers (collectively, “MSCI”) makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed, or produced by MSCI. Historical MSCI data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

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.

©2019 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.