SICAV III
T. Rowe Price Responsible Global Focused Growth Equity Fund
A high conviction global equity fund for which we seek to identify companies on the right side of change. The portfolio typically consists of typically 60-80 stocks representing our most compelling bottom-up growth ideas, often derived from technological innovation and secular disruption.

Companies that feature on our socially responsible exclusion list, which aligns with our clients’ most common ESG concerns, are not included in the fund.

ISIN LU2055195056
View more information on risks
FACTSHEET
KIID
Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 30-Sep-2021
NAV
(USD)
$16.54
Data as of: 21-Oct-2021

1YR Return
29.42%
IA Sector ranking: N/A
Data as of: 30-Sep-2021
Fund Size
(USD)
$202.0m
Data as of: 30-Sep-2021
Perf Change
(Daily)
0.06%
Data as of: 21-Oct-2021
Since Inception
(Cumulative)
58.8%
IA Sector ranking: N/A
Data as of: 30-Sep-2021

Overview
Strategy
Fund Summary
We look for companies that we believe have the potential for improving economic returns in the future and that we can buy at an attractive price. In a world of secular change, this means understanding the forces enhancing or erasing durable competitive advantage to correctly identify the winners and losers ahead of the market.

Click here for SFDR Article 8 Fund Disclosures
Investment Association Sector:
Global
SMALL-CAP
MID-CAP
LARGE-CAP

73
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 8.84% 29.42% N/A N/A 58.80%
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 11.12% 27.44% N/A N/A 26.42%
Excess Return -2.28% 1.98% N/A N/A 32.38%

Data as of 30-Sep-2021

Holdings
Total
Holdings
73
Largest
Charles Schwab
4.74%
Was ( 30-Jun-2021 )

4.41%
Top 10
33.82%
Contributor
Alphabet
By 0.63%
% of fund
3.19%
Detractor
Amazon.com
By -0.82%
% of fund
4.37%
Purchase
Netflix (N)
1.90%
Was ( 30-Jun-2021 )
0.00%
Sale
FedEx (E)
0.00%
Was ( 30-Jun-2021 )
2.17%
Data as of 30-Sep-2021
Sectors
Total
Sectors
9
Largest
Financials
19.11%
Was ( 31-Aug-2021 )
18.32%
Contributor
Industrials & Business Services
By 0.71%
Sector
-0.02%
Selection
0.73%
Detractor
Information Technology
By -0.47%
Sector
-0.05%
Selection
-0.42%
Data as of 30-Sep-2021
Over
Communication Services
By 7.40%
Fund
16.68%
Benchmark*
9.28%
Under
Information Technology
By -6.43%
Fund
15.90%
Benchmark*
22.33%
Data as of 30-Sep-2021
Data as of 30-Sep-2021
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 0.75%
Country
0.17%
Selection
0.58%
Detractor
Latin America
By -0.73%
Country
-0.05%
Selection
-0.67%
Data as of 30-Sep-2021
Data as of
Countries
Total
Countries
16
Largest
United States
58.27%
Was ( 31-Aug-2021 )
58.49%
Over
United Kingdom
By 5.99%
Fund
9.69%
Benchmark*
3.70%
Under
France
By -2.87%
Fund
0.00%
Benchmark*
2.87%
Data as of 30-Sep-2021
Data as of 30-Sep-2021
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
12
Largest
U.S. dollar
68.31%
Was ( 31-Aug-2021 )
67.84%

Over
U.S. dollar
By 7.86%
Fund
68.31%
Benchmark*
60.46%
Under
euro
By -3.42%
Fund
5.04%
Benchmark*
8.46%
Data as of 30-Sep-2021
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
2020
Years at
T. Rowe Price
16
Years investment experience
19
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
11
Years investment experience
20
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Investment Management Fee Ongoing
Charges1
Class I USD 2.5 million USD 100,000 N/A 75 basis points 0.85%

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

SICAV III labelling represents the Select Investment Series III SICAV, a Luxembourg UCITS.

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.

Past performance is not a reliable indicator of future performance.

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.

Daily performance data is based on the latest available NAV.  

The Funds are sub-funds of the Select Investment Series III 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.

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.

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