OEIC
Global Focused Growth Equity Fund
Concentrating high conviction positions in leading global investment prospects.
ISIN GB00BD446774
View more information on risks
FACTSHEET
KIID
Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 30-Sep-2019
NAV
(GBP)
£13.06
Data as of: 18-Oct-2019

1YR Return
8.58%
IA Sector ranking: 99/319
Data as of: 30-Sep-2019
Fund Size
(GBP)
£81.8m
Data as of: 30-Sep-2019
Perf Change
(Daily)
-0.22%
Data as of: 18-Oct-2019
Since Inception
(Cumulative)
34.15%
IA Sector ranking: N/A
Data as of: 30-Sep-2019

This fund's strategy is also available as a SICAV
Overview
Strategy
Fund Summary
High conviction, global equity portfolio seeking to invest in companies with above average and improving earnings growth potential.
SMALL-CAP
MID-CAP
LARGE-CAP

77
Holdings

Style
Growth
Risk & Reward Data

Risk return statistics are not available until 3 years of data is available.
Performance
YTD 1 year 3 year

Cumulative

5 year

Cumulative

Since Inception

Cumulative

Fund 24.34% 8.58% N/A N/A 34.15%
IA Sector Ranking 61/323 99/319 N/A N/A N/A
IA Sector 19.68% 5.87% N/A N/A 19.74%
Excess Return 4.66% 2.71% N/A N/A 14.41%
Indicative Benchmark 20.09% 7.28% N/A N/A 22.75%
Excess Return 4.25% 1.30% N/A N/A 11.40%

Data as of 30-Sep-2019

Holdings
Total
Holdings
77
Largest
JPMorgan Chase
2.99%
Was ( 30-Jun-2019 )

1.71%
Top 10
24.08%
Contributor
JPMorgan Chase
By 0.27%
% of fund
3.00%
Detractor
Netflix
By -0.60%
% of fund
2.06%
Purchase
HDFC Bank (N)
1.47%
Was ( 30-Jun-2019 )
0.00%
Sale
Essity (E)
0.00%
Was ( 30-Jun-2019 )
2.84%
Data as of 30-Sep-2019
Sectors
Total
Sectors
11
Largest
Information Technology
30.74%
Was ( 31-Aug-2019 )
28.56%
Contributor
Materials
By 0.60%
Sector
0.13%
Selection
0.47%
Detractor
Communication Services
By -0.78%
Sector
0.07%
Selection
-0.85%
Data as of 30-Sep-2019
Over
Information Technology
By 14.42%
Fund
30.74%
Benchmark*
16.32%
Under
Consumer Staples
By -7.13%
Fund
1.50%
Benchmark*
8.63%
Data as of 30-Sep-2019
Data as of 30-Sep-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
Japan
By 0.37%
Country
-0.04%
Selection
0.41%
Detractor
United States
By -1.25%
Country
-0.04%
Selection
-1.20%
Data as of 30-Sep-2019
Data as of
Countries
Total
Countries
20
Largest
United States
50.50%
Was ( 31-Aug-2019 )
53.48%
Over
China
By 3.16%
Fund
6.84%
Benchmark*
3.68%
Under
United States
By -5.14%
Fund
50.50%
Benchmark*
55.63%
Data as of 30-Sep-2019
Data as of 30-Sep-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
14
Largest
U.S. dollar
62.01%
Was ( 31-Aug-2019 )
64.22%

Over
U.S. dollar
By 4.88%
Fund
62.01%
Benchmark*
57.12%
Under
Canadian dollar
By -3.08%
Fund
0.00%
Benchmark*
3.08%
Data as of 30-Sep-2019
Indicative Benchmark: MSCI All Country World Index

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


Team
David J. Eiswert,
Portfolio Manager
David Eiswert is a portfolio manager and analyst in the U.S. Equity Division. He is the portfolio manager for the Global Focused Growth Equity Strategy. As an analyst, he covers communications equipment.
Portfolio Manager since
2017
Years at
T. Rowe Price
13
Years investment experience
16
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) Management Charge Ongoing Charge1
Class C GBP10,000 GBP500 N/A Up to 0.75% 0.92%

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, 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.

IA Sector: Many UK funds are grouped into sectors by the Investment Association (the “IA”) (the trade body that represents UK investment managers), to help investors to compare funds with broadly similar characteristics. Investors may compare the fund against the performance of the Global sector. This sector represents the average performance of certain funds that invest at least 80% of their assets globally in shares. It can therefore serve as a method of comparing the fund’s performance with other funds that have broadly similar characteristics. The fund is not constrained to or managed in line with this sector. Source for IA Sector Data: © Morningstar. All Rights Reserved.

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.

Attribution Data: Analysis represents the total performance of the portfolio as calculated by the FactSet attribution model and is inclusive of other assets that that will not receive a classification assignment in the detailed structure shown. Returns will not match official T. Rowe Price performance because FactSet uses different exchange rate sources and does not capture intra-day trading. Performance for each security is obtained in the local currency and, if necessary, is converted to U.S. dollars using an exchange rate determined by an independent third party. Figures are shown with gross dividends reinvested.

Sources: Copyright © 2019 FactSet Research Systems Inc. All rights reserved. MSCI/S&P GICS Sectors; Analysis by T. Rowe Price Associates, Inc. T. Rowe Price uses the MSCI/S&P Global Industry Classification Standard (GICS) for sector and industry reporting. Each year, MSCI and S&P make changes to the GICS structure. The last change occurred on September 28, 2018. T. Rowe Price will adhere to all future updates to GICS for prospective reporting.

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.

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.

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