OEIC
Global Technology Equity Fund
To provide long-term capital growth by investing mainly in technology companies, and companies enabled by technology.
ISIN GB00BD446K01
View more information on risks
FACTSHEET
KIID
Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 31-Jul-2020
NAV
(GBP)
£19.92
Data as of: 13-Aug-2020

1YR Return
29.72%
IA Sector ranking: 4/15
Data as of: 31-Jul-2020
Fund Size
(GBP)
£448.9m
Data as of: 31-Jul-2020
Perf Change
(Daily)
0.35%
Data as of: 13-Aug-2020
3YR Return
(Cumulative)
77.49%
IA Sector ranking: 7/14
Data as of: 31-Jul-2020

Overview
Strategy
Fund Summary
Seeks companies that benefit from rapid advances in technology and offer significant opportunities for long-term growth.
SMALL-CAP
MID-CAP
LARGE-CAP

51
Holdings

Style
Agnostic
Risk & Reward Data

N/A
31 March 2019

Portfolio Manager Change

Effective 31 March 2019, Alan Tu assumed portfolio management responsibility for the fund.

Performance
YTD 1 year 3 year

Cumulative

5 year

Cumulative

Since Inception

Cumulative

Fund 35.93% 29.72% 77.49% N/A 100.68%
IA Sector Ranking 2/15 4/15 7/14 N/A N/A
IA Sector 22.48% 23.68% 71.79% N/A 84.29%
Excess Return 13.45% 6.04% 5.70% N/A 16.39%
Indicative Benchmark 21.25% 28.11% 87.78% N/A 100.91%
Excess Return 14.68% 1.61% -10.29% N/A -0.23%

Data as of 31-Jul-2020

Holdings
Total
Holdings
51
Largest
Amazon.com
6.12%
Was ( 31-Mar-2020 )

6.55%
Top 10
39.32%
Contributor
Amazon.com
By 2.55%
% of fund
6.18%
Detractor
Anaplan
By
% of fund
0.99%
Purchase
Shopify
3.35%
Was ( 31-Mar-2020 )
1.08%
Sale
Salesforce.com
3.62%
Was ( 31-Mar-2020 )
6.99%
Data as of 30-Jun-2020
Industry
Total
Industries
19
Largest
Internet Media/Advertising
20.70%
Was ( 30-Jun-2019 )
20.48%
Over
Internet Media/Advertising
By 20.69%
Fund
20.70%
Benchmark*
0.01%
Under
IT Services
By -14.58%
Fund
1.34%
Benchmark*
15.93%
Data as of 31-Jul-2019
Data as of 31-Jul-2019
Indicative Benchmark: MSCI All Country World Index Information Technology

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

Regions
Total
Regions
4
Largest
North America
74.25%
Was ( 30-Jun-2020 )
74.74%
Over
Pacific Ex Japan
By 5.98%
Fund
17.05%
Benchmark**
11.07%
Under
Japan
By -4.04%
Fund
0.00%
Benchmark**
4.04%
Data as of 31-Jul-2020
Data as of 31-Jul-2020
Indicative Benchmark: MSCI All Country World Index Information Technology

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

Countries
Total
Countries
10
Largest
United States
69.81%
Was ( 30-Jun-2020 )
71.56%
Over
China
By 6.14%
Fund
7.48%
Benchmark*
1.33%
Under
United States
By -6.76%
Fund
69.81%
Benchmark*
76.57%
Data as of 31-Jul-2020
Data as of 31-Jul-2020
Indicative Benchmark: MSCI All Country World Index Information Technology

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


Team
Alan Tu,
Portfolio Manager
Alan Tu is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He is president of the Investment Advisory Committee of the Global Technology Equity Strategy. Previously, he was an investment analyst following software companies in the technology sector.
Portfolio Manager since
2019
Years at T. Rowe Price
6
Years investment experience
6
Jennifer O'Hara Martin,
Portfolio Specialist
Jennifer O'Hara Martin is a global equity portfolio specialist in the U.S. Equity Division of T. Rowe Price. She is a member of the Global Growth Equity, Global Focused Growth Equity, Global Technology Equity, Communications & Technology Equity, Science & Technology Equity, and US Structured Research Equity Strategy teams.
Years at T. Rowe Price
15
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 0.85% 1.02%

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.

Daily performance data is based on the latest available NAV. Performance returns for share classes less than 1 year old (and associated benchmarks) are cumulative rather than annualised.

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.

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 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.

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 Technology & Telecommunications sector. This sector represents the average performance of certain funds that invest at least 80% of their assets in technology and telecommunications sectors as defined by major index providers. 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.

Please note that the Fund typically has a risk of high volatility.

This material being furnished is for general informational purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, and prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. 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.

The material does not constitute a distribution, an offer, an invitation, a personal or general recommendation or solicitation to sell or buy any securities in any jurisdiction or to conduct any particular investment activity. The material has not been reviewed by any regulatory authority in any jurisdiction.

Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources’ accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date noted on the material and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.

The material is not intended for use by persons in jurisdictions which prohibit or restrict the distribution of the material and in certain countries the material is provided upon specific request. It is not intended for distribution to retail investors in any jurisdiction.

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 © 2020 FactSet Research Systems Inc. All rights reserved. Analysis by T. Rowe Price Associates, Inc. T. Rowe Price uses a custom structure for sector and industry reporting for this product.

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.

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