OEIC
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 GB00BD0NLR34
View more information on risks
FACTSHEET
KIID
Average
Coupon
3.59%
Data as of: 31-Aug-2020
Average
Maturity
6.57 yrs
Data as of: 31-Aug-2020
Average
Duration
4.69 yrs
Data as of: 31-Aug-2020
Fund Size
(GBP)
£69.9m
Data as of: 31-Aug-2020
Perf Chg
(Daily)
-0.01%
Data as of: 25-Sep-2020
3YR Return
(Cumulative)
3.41%
IA Sector ranking: 122/165
Data as of: 31-Aug-2020
Risk & Reward
(SRRI)?
1 2 3 4 5 6 7 Data as of: 31-Aug-2020
NAV
(GBP)
£10.05
Data as of: 25-Sep-2020

1YR Return
7.98%
IA Sector ranking: 1/182
Data as of: 31-Aug-2020

This fund's strategy is also available as a SICAV
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

173
Holdings

Average
Quality
A+
Risk & Reward Data
Information Ratio
0.12
Sharpe Ratio
0.19
Historical Tracking Error
3.82%
Performance
YTD 1 year 3 year

Cumulative

5 year

Cumulative

Since Inception

Cumulative

Fund 7.28% 7.98% 3.41% N/A 1.00%
IA Sector Ranking 19/184 1/182 122/165 N/A N/A
IA Sector 3.48% -0.42% 6.97% N/A 13.92%
Excess Return 3.80% 8.40% -3.56% N/A -12.92%
Indicative Benchmark 0.28% 0.54% 1.97% N/A 2.21%
Excess Return 7.00% 7.44% 1.44% N/A -1.21%

Data as of 31-Aug-2020

Holdings
Total
Holdings
173
Top 10
45.64%
Largest
U.S. Treasury Notes
10.11%
Was ( 31-Mar-2020 )
7.18%
Data as of 30-Jun-2020
Duration
Maturity
Quality
Average
4.69 yrs
Average
6.57 yrs
Average
A+
Top
AAA
32.80%
Was ( 31-Jul-2020 )
22.46%
Sectors
Total
Sectors
7
Largest
Government
65.63%
Was ( 31-Jul-2020 )
56.42%
Data as of 31-Aug-2020
Regions
Data as of
Countries
Total
Countries
38
Largest
United States
36.12%
Was ( 31-Jul-2020 )
26.77%
Data as of 31-Aug-2020

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
6
Years investment experience
24
Quentin Fitzsimmons,
Portfolio Manager
Quentin Fitzsimmons is a senior portfolio manager in the Fixed Income division and a member of the Global Fixed Income investment team. He is co-portfolio manager of the Dynamic Global Bond and Global Aggregate Bond strategies.
Years at T. Rowe Price
4
Years investment experience
28
Stephane Fertat,
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
13
Years investment experience
23
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Management Charge Ongoing Charge1
Class C GBP10,000 GBP500 N/A Up to 0.50% 0.67%

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, 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. 

Benchmark: Investors may use the benchmark to compare the fund’s performance. The benchmark has been selected because it is similar to the investment universe used by the investment manager and therefore acts as an appropriate comparator. The investment manager is not constrained by any country, sector and/or individual security weightings relative to the benchmark and has complete freedom to invest in securities that do not form part of the benchmark.

Daily performance data is based on the latest available NAV.  

The Funds are sub-funds of the T. Rowe Price Funds OEIC, an investment company with variable capital incorporated in England and Wales which is registered with the UK Financial Conduct Authority 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.

The specific securities identified and described in this report do not represent all of the securities purchased, sold, or recommended for the OEIC 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 Management Charge and is charged per annum.