SICAV
Diversified Income Bond Fund
A globally diversified portfolio of bonds of all types from a wide range of issuers around the world, including emerging markets. The fund seeks to generate stable income.
ISIN LU1244139231
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FACTSHEET
KIID
COMMENTARY

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Average
Coupon
4.37%
Data as of: 30-Sep-2021
Average
Maturity
6.22 yrs
Data as of: 30-Sep-2021
Average
Duration
4.13 yrs
Data as of: 30-Sep-2021
Fund Size
(USD)
$149.3m
Data as of: 30-Sep-2021
Perf Chg
(Daily)
0.00%
Data as of: 20-Oct-2021
3YR Return
(Cumulative)
18.42%
IA Sector ranking: N/A
Data as of: 30-Sep-2021
Risk & Reward
(SRRI)?
1 2 3 4 5 6 7 Data as of: 30-Sep-2021
NAV
(USD)
$12.70
Data as of: 20-Oct-2021

1YR Return
5.82%
IA Sector ranking: N/A
Data as of: 30-Sep-2021

Overview
Strategy
Fund Summary
We seek to add value primarily through sector allocation, currency selection, duration management, and security selection. Our approach is based on proprietary fundamental research and relative value analysis. There is a strong emphasis on risk management practices and portfolio diversification to manage the overall risk profile.
Interest Rate Sensitivity
LIMITED
MODERATE
EXTENSIVE

366
Holdings

Average
Quality
BBB
Risk & Reward Data
Information Ratio
0.17
Sharpe Ratio
0.59
Historical Tracking Error
6.77%
Performance
YTD 1 year 3 year

Cumulative

5 year

Cumulative

Since Inception

Cumulative

Fund 1.60% 5.82% 18.42% N/A 27.30%
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 -1.43% -0.56% 14.58% N/A 19.17%
Excess Return 3.03% 6.38% 3.84% N/A 8.13%

Data as of 30-Sep-2021

Holdings
Total
Holdings
366
Top 10
27.52%
Largest
Bonos de la Tesoreria de la Republica en pesos
2.16%
Was ( 30-Jun-2021 )
2.89%
Data as of 30-Sep-2021
Duration
Maturity
Quality
Average
4.13 yrs
Average
6.22 yrs
Average
BBB
Top
3-5 Years
36.04%
Was ( 31-Aug-2021 )
30.00%
Top
3-5 Years
29.27%
Was ( 31-Aug-2021 )
26.71%
Top
BBB
24.09%
Was ( 31-Aug-2021 )
24.04%
Over
3-5 Years
By 12.00%
Fund
36.04%
Benchmark*
24.04%
Over
7-10 Years
By 11.90%
Fund
28.41%
Benchmark*
16.51%
Over
BB
By 23.64%
Fund
23.95%
Benchmark*
0.31%
Under
Over 10 Years
By -18.34%
Fund
4.69%
Benchmark*
23.03%
Under
10+ Years
By -13.09%
Fund
11.85%
Benchmark*
24.94%
Under
A
By -13.95%
Fund
15.62%
Benchmark*
29.57%
Sectors
Total
Sectors
7
Largest
Global Sovereign
39.84%
Was ( 31-Aug-2021 )
38.35%
Over
Global High Yield
By 16.08%
Fund
16.08%
Benchmark*
0.00%
Under
Global Sovereign
By -28.02%
Fund
39.84%
Benchmark*
67.86%
Data as of 30-Sep-2021
Data as of 30-Sep-2021
Indicative Benchmark: Bloomberg Global Aggregate Bond USD Hedged Index

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

Regions
Total
Regions
6
Largest
North America
55.39%
Was ( N/A )
N/A
Over
North America
By 14.76%
Fund
55.39%
Benchmark**
40.62%
Under
Japan
By -13.20%
Fund
0.45%
Benchmark**
13.65%
Data as of 30-Sep-2021
Data as of 30-Sep-2021
Indicative Benchmark: Bloomberg Global Aggregate Bond USD Hedged Index

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

Countries
Total
Countries
60
Largest
United States
54.23%
Was ( 31-Aug-2021 )
53.50%
Over
United States
By 17.05%
Fund
54.23%
Benchmark*
37.17%
Under
Japan
By -13.20%
Fund
0.45%
Benchmark*
13.65%
Data as of 30-Sep-2021
Data as of 30-Sep-2021
Indicative Benchmark: Bloomberg Global Aggregate Bond USD Hedged Index

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

Currency
Total
Currencies
24
Largest
U.S. dollar
94.33%
Was ( 31-Aug-2021 )
94.00%

Over
U.S. dollar
By 51.80%
Fund
94.33%
Benchmark*
42.53%
Under
euro
By -24.56%
Fund
-1.28%
Benchmark*
23.28%
Data as of 30-Sep-2021
Indicative Benchmark: Bloomberg Global Aggregate Bond USD Hedged Index

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


Team
Ken Orchard,
Portfolio Manager
Ken Orchard is a senior portfolio manager in the Fixed Income division. He is portfolio manager of the Diversified Income Bond and International Bond strategies
Years at
T. Rowe Price
9
Years investment experience
16
Vincent Chung,
Associate Portfolio Manager
Vincent Chung is an associate portfolio manager in the Fixed Income Division.
Associate Portfolio Manager since
2021
Years at T. Rowe Price
7
Years investment experience
3
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
Terry Moore,
Portfolio Specialist
Terry Moore is a portfolio specialist in the Fixed Income division. He is a member of the Global Multi-Sector/Diversified Income, Global Unconstrained and Customized Fixed Income teams.
Years at
T. Rowe Price
9
Years investment experience
23
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Investment Management Fee Ongoing Charges1

Indicative Benchmark Data Source: Bloomberg Index Services Limited.

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 T. Rowe Price Funds 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.

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 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.

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.