SICAV
Dynamic Global Bond Fund
We use a flexible, benchmark-agnostic approach to invest across the full global fixed income opportunity set aiming to provide sustainable returns, capital preservation and diversification from equity risk.
ISIN LU1238971615
View more information on risks
FACTSHEET
KIID
FUND PROFILE
COMMENTARY

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Average
Coupon
3.89%
Data as of: 31-Jan-2020
Average
Maturity
6.34 yrs
Data as of: 31-Jan-2020
Average
Duration
-1.09yrs
Data as of: 31-Jan-2020
Fund Size
(USD)
$869.0m
Data as of: 31-Jan-2020
Perf Chg
(Daily)
0.00%
Data as of: 26-Feb-2020
3YR Return
(Cumulative)
-6.78%
IA Sector ranking: 158/159
Data as of: 31-Jan-2020
Risk & Reward
(SRRI)?
1 2 3 4 5 6 7 Data as of: 31-Jan-2020
NAV
(GBP)
£9.94
Data as of: 26-Feb-2020

1YR Return
-2.94%
IA Sector ranking: 177/182
Data as of: 31-Jan-2020

This fund's strategy is also available as an OEIC
Overview
Strategy
Fund Summary
We take a flexible approach to fixed income, integrating our high-conviction views on countries, interest rates and yield curves as well as credit security selection. We aim to find a balance between core, return-seeking and defensive positions, seeking to anchor performance in times of market stress.

Historical understated Synthetic Risk and Reward Indicator ("SRRI") included in the Key Investor Information Document ("KIID"). Click here to learn more.

LIMITED
MODERATE
EXTENSIVE

122
Holdings

Average
Quality
A
Risk & Reward Data
Information Ratio
-1.03
Sharpe Ratio
-0.84
Historical Tracking Error
2.88%
20 June 2017

Fund Name Changed

Effective June 20, 2017, the Global Unconstrained Bond Fund was renamed the Dynamic Global Bond Fund.

20 June 2017

Fund Name Changed

Effective June 20, 2017, the Global Unconstrained Bond Fund was renamed the Dynamic Global Bond Fund.

Performance
YTD 1 year 3 year

Cumulative

5 year

Cumulative

Since Inception

Cumulative

Fund -1.69% -2.94% -6.78% N/A -1.00%
IA Sector Ranking 187/188 177/182 158/159 N/A N/A
IA Sector 1.03% 6.51% 9.05% N/A 27.84%
Excess Return -2.72% -9.45% -15.83% N/A -28.84%
Indicative Benchmark 0.06% 0.80% 1.94% N/A 2.81%
Excess Return -1.75% -3.74% -8.72% N/A -3.81%

Data as of 31-Jan-2020

Holdings
Total
Holdings
122
Top 10
62.53%
Largest
Korea Treasury Bond
7.18%
Was ( 30-Sep-2019 )
6.88%
Data as of 31-Dec-2019
Duration
Maturity
Quality
Average
-1.09yrs
Average
6.34 yrs
Average
A
Top
Not Rated
23.97%
Was ( 31-Dec-2019 )
25.40%
Sectors
Total
Sectors
7
Largest
Government
72.67%
Was ( 31-Dec-2019 )
77.88%
Data as of 31-Jan-2020
Regions
Data as of
Countries
Total
Countries
35
Largest
United States
25.36%
Was ( 31-Dec-2019 )
23.92%
Data as of 31-Jan-2020

Team
Arif Husain,
Portfolio Manager
Arif Husain is head of International Fixed Income at T. Rowe Price. He is lead portfolio manager for the Dynamic Global and Global Aggregate Bond Strategies.
Portfolio Manager since
2015
Years at
T. Rowe Price
6
Years investment experience
24
Stephane Fertat, CFA,
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
12
Years investment experience
22
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Investment Management Fee Ongoing
Charges1
? UK Tax Reporting Status

Indicative Benchmark Data Source: ICE

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.