OEIC
Global Natural Resources Equity Fund
Seeking to identify long-term global winners in the arena of natural resources extraction and production.
ISIN GB00BD446J95
View more information on risks
FACTSHEET
KIID
Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 31-Jan-2020
NAV
(GBP)
£10.08
Data as of: 19-Feb-2020

1YR Return
-0.25%
IA Sector ranking: N/A
Data as of: 31-Jan-2020
Fund Size
(GBP)
£4.2m
Data as of: 31-Jan-2020
Perf Change
(Daily)
-0.54%
Data as of: 19-Feb-2020
Since Inception
(Cumulative)
-1.26%
IA Sector ranking: N/A
Data as of: 31-Jan-2020

This fund's strategy is also available as a SICAV
Overview
Strategy
Fund Summary
Capital appreciation over the longer term by investing in a highly diversified portfolio of natural resource and commodity-related companies.
SMALL-CAP
MID-CAP
LARGE-CAP

126
Holdings

Style
Agnostic
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 -5.29% -0.25% N/A N/A -1.26%
IA Sector Ranking N/A N/A N/A N/A N/A
IA Sector N/A N/A N/A N/A N/A
Excess Return N/A N/A N/A N/A N/A
Indicative Benchmark -6.97% -2.48% N/A N/A -3.53%
Excess Return 1.68% 2.23% N/A N/A 2.27%

Data as of 31-Jan-2020

Holdings
Total
Holdings
126
Largest
Total
5.19%
Was ( 30-Sep-2019 )

5.21%
Top 10
27.08%
Contributor
EOG Resources
By 0.02%
% of fund
2.51%
Detractor
BP
By -1.41%
% of fund
2.71%
Purchase
Caterpillar (N)
0.90%
Was ( 30-Sep-2019 )
0.00%
Sale
Saracen Mineral Holdings (E)
0.00%
Was ( 30-Sep-2019 )
0.64%
Data as of 31-Dec-2019
Sectors
Total
Sectors
9
Largest
Chemicals
17.84%
Was ( 31-Dec-2019 )
17.62%
Over
Energy Industrials
By 4.48%
Fund
12.48%
Benchmark*
8.00%
Under
Energy Services & Processors
By -13.23%
Fund
11.62%
Benchmark*
24.85%
Data as of 31-Jan-2020
Data as of 31-Jan-2020
Indicative Benchmark: MSCI World Select Natural Resources 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
58.22%
Was ( 31-Dec-2019 )
57.28%
Over
United States
By 7.84%
Fund
58.22%
Benchmark*
50.38%
Under
Japan
By -5.01%
Fund
0.88%
Benchmark*
5.89%
Data as of 31-Jan-2020
Data as of 31-Jan-2020
Indicative Benchmark: MSCI World Select Natural Resources Index

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

Currency
Total
Currencies
10
Largest
U.S. dollar
63.47%
Was ( 31-Dec-2019 )
62.88%

Over
U.S. dollar
By 12.79%
Fund
63.47%
Benchmark*
50.69%
Under
Canadian dollar
By -8.53%
Fund
4.78%
Benchmark*
13.31%
Data as of 31-Jan-2020
Indicative Benchmark: MSCI World Select Natural Resources Index

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


Team
Shawn T. Driscoll,
Portfolio Manager
Shawn Driscoll is a portfolio manager in the U.S. Equity Division. He is a lead manager for the Global Natural Resources Equity Strategy.
Portfolio Manager since
2013
Years at
T. Rowe Price
13
Years investment experience
16
Brian Dausch,
Portfolio Specialist
Brian Dausch is a portfolio specialist in the U.S. Equity Division working closely with institutional clients, consultants, and prospects.
Years at
T. Rowe Price
22
Years investment experience
21
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.

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.

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 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.

The Morningstar rating is sourced from Morningstar.

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