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
4.36%
Data as of: 31-May-2020
Average
Maturity
5.76 yrs
Data as of: 31-May-2020
Average
Duration
3.67 yrs
Data as of: 31-May-2020
Fund Size
(USD)
$145.8m
Data as of: 31-May-2020
Perf Chg
(Daily)
0.34%
Data as of: 02-Jul-2020
3YR Return
(Cumulative)
8.53%
IA Sector ranking: N/A
Data as of: 31-May-2020
Risk & Reward
(SRRI)?
1 2 3 4 5 6 7 Data as of: 30-Jun-2020
NAV
(USD)
$11.74
Data as of: 02-Jul-2020

1YR Return
0.09%
IA Sector ranking: N/A
Data as of: 31-May-2020

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

357
Holdings

Average
Quality
BBB-
Risk & Reward Data
Information Ratio
-0.32
Sharpe Ratio
0.13
Historical Tracking Error
6.54%
20 June 2017

Fund Name Changed

Effective June 20, 2017, the Global Multi Sector Bond Fund was renamed the Diversified Income Bond Fund.

20 June 2017

Fund Name Changed

Effective June 20, 2017, the Global Multi Sector Bond Fund was renamed the Diversified Income Bond Fund.

Performance
YTD 1 year 3 year

Cumulative

5 year

Cumulative

Since Inception

Cumulative

Fund -4.98% 0.09% 8.53% N/A 14.50%
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 3.38% 7.02% 15.33% N/A 18.38%
Excess Return -8.36% -6.93% -6.80% N/A -3.88%

Data as of 31-May-2020

Holdings
Total
Holdings
357
Top 10
23.63%
Largest
Bonos de la Tesoreria de la Republica en pesos
3.05%
Was ( 31-Dec-2019 )
3.32%
Data as of 31-Mar-2020
Duration
Maturity
Quality
Average
3.67 yrs
Average
5.76 yrs
Average
BBB-
Top
3-5 Years
26.48%
Was ( 30-Apr-2020 )
30.41%
Top
3-5 Years
26.10%
Was ( 30-Apr-2020 )
28.49%
Top
BBB
24.78%
Was ( 30-Apr-2020 )
26.34%
Over
Under 1 Year
By 19.09%
Fund
22.72%
Benchmark*
3.63%
Over
0-1 Years
By 13.74%
Fund
13.74%
Benchmark*
0.00%
Over
BB
By 20.18%
Fund
20.57%
Benchmark*
0.39%
Under
Over 10 Years
By -16.99%
Fund
6.12%
Benchmark*
23.11%
Under
1-3 Years
By -12.61%
Fund
13.51%
Benchmark*
26.12%
Under
A
By -13.07%
Fund
11.73%
Benchmark*
24.80%
Sectors
Total
Sectors
7
Largest
Global Sovereign
29.85%
Was ( 30-Apr-2020 )
31.14%
Over
Global High Yield
By 15.73%
Fund
15.73%
Benchmark*
0.00%
Under
Global Sovereign
By -36.85%
Fund
29.85%
Benchmark*
66.70%
Data as of 31-May-2020
Data as of 31-May-2020
Indicative Benchmark: Bloomberg Barclays 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
34.63%
Was ( N/A )
N/A
Over
Latin America
By 10.83%
Fund
11.83%
Benchmark**
1.00%
Under
Japan
By -13.80%
Fund
2.09%
Benchmark**
15.88%
Data as of 31-Mar-2020
Data as of 31-Mar-2020
Indicative Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index

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

Countries
Total
Countries
53
Largest
United States
36.12%
Was ( 30-Apr-2020 )
35.94%
Over
Chile
By 3.38%
Fund
3.54%
Benchmark*
0.16%
Under
Japan
By -15.45%
Fund
0.00%
Benchmark*
15.45%
Data as of 31-May-2020
Data as of 31-May-2020
Indicative Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index

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

Currency
Total
Currencies
21
Largest
U.S. dollar
96.86%
Was ( 30-Apr-2020 )
93.96%

Over
U.S. dollar
By 52.95%
Fund
96.86%
Benchmark*
43.91%
Under
euro
By -26.67%
Fund
-3.24%
Benchmark*
23.43%
Data as of 31-May-2020
Indicative Benchmark: Bloomberg Barclays 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
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
Stephen Marsh,
Fixed Income Portfolio Specialist
Stephen Marsh is a portfolio specialist in the Fixed Income Division, based in London.
Years at T. Rowe Price
5
Years investment experience
18
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.

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. Past performance is not a reliable indicator of future performance.

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.