SICAV
Global Aggregate Bond Fund
Risk-aware investing, exploiting inefficiencies in global bond markets.
ISIN LU0133095660
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FACTSHEET
KIID
FUND PROFILE
COMMENTARY

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Average
Coupon
2.74%
Data as of: 30-Nov-2019
Average
Maturity
9.65 yrs
Data as of: 30-Nov-2019
Average
Duration
7.21 yrs
Data as of: 30-Nov-2019
Fund Size
(USD)
$480.4m
Data as of: 30-Nov-2019
Perf Chg
(Daily)
0.12%
Data as of: 13-Dec-2019
3YR Return
(Cumulative)
10.05%
IA Sector ranking: N/A
Data as of: 30-Nov-2019
Risk & Reward
(SRRI)?
1 2 3 4 5 6 7 Data as of: 30-Nov-2019
NAV
(USD)
$16.48
Data as of: 13-Dec-2019

1YR Return
6.9%
IA Sector ranking: N/A
Data as of: 30-Nov-2019

Overview
Strategy
Fund Summary
Seeks to maximise returns through investment in a global portfolio of fixed income and currency positions.
Investment Association Sector:
Global Bonds
Interest Rate Sensitivity
LIMITED
MODERATE
EXTENSIVE

531
Holdings

Average
Quality
AA-
Risk & Reward Data
Information Ratio
-0.23
Sharpe Ratio
0.17
Historical Tracking Error
1.16%
Performance
YTD 1 year 3 year

Cumulative

5 year

Cumulative

Since Inception

Cumulative

Fund 4.99% 6.90% 10.05% 9.25% 64.20%
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 6.22% 8.37% 12.19% 10.66% 62.84%
Excess Return -1.23% -1.47% -2.14% -1.41% 1.36%

Data as of 30-Nov-2019

Holdings
Total
Holdings
531
Top 10
58.06%
Largest
U.S. Treasury Bonds
7.32%
Was ( 30-Jun-2019 )
5.17%
Data as of 30-Sep-2019
Duration
Maturity
Quality
Average
7.21 yrs
Average
9.65 yrs
Average
AA-
Top
3-5 Years
33.18%
Was ( 31-Oct-2019 )
28.16%
Top
3-5 Years
31.60%
Was ( 31-Oct-2019 )
26.16%
Top
AAA
23.11%
Was ( 31-Oct-2019 )
24.86%
Over
3-5 Years
By 10.12%
Fund
33.18%
Benchmark*
23.05%
Over
3-5 Years
By 9.20%
Fund
31.60%
Benchmark*
22.40%
Over
NOT RATED
By 16.22%
Fund
21.46%
Benchmark*
5.24%
Under
1-3 Years
By -9.84%
Fund
18.33%
Benchmark*
28.17%
Under
1-3 Years
By -8.86%
Fund
13.82%
Benchmark*
22.68%
Under
A
By -12.05%
Fund
12.49%
Benchmark*
24.54%
Sectors
Total
Sectors
6
Largest
Government
64.99%
Was ( 31-Oct-2019 )
66.42%
Over
Government
By 6.99%
Fund
64.99%
Benchmark*
58.01%
Under
Agency/Supranationals
By -8.13%
Fund
0.33%
Benchmark*
8.45%
Data as of 30-Nov-2019
Data as of 30-Nov-2019
Indicative Benchmark: Bloomberg Barclays Global Aggregate Bond Index

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

Regions
Data as of
Countries
Total
Countries
45
Largest
United States
33.96%
Was ( 31-Oct-2019 )
36.46%
Over
Japan
By 3.34%
Fund
19.32%
Benchmark*
15.98%
Under
United States
By -5.42%
Fund
33.96%
Benchmark*
39.38%
Data as of 30-Nov-2019
Data as of 30-Nov-2019
Indicative Benchmark: Bloomberg Barclays Global Aggregate Bond Index

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

Currency
Total
Currencies
31
Largest
U.S. dollar
48.22%
Was ( 31-Oct-2019 )
47.63%

Over
U.S. dollar
By 2.98%
Fund
48.22%
Benchmark*
45.24%
Under
Offshore Chinese renminbi
By -4.21%
Fund
-4.21%
Benchmark*
0.00%
Data as of 30-Nov-2019
Indicative Benchmark: Bloomberg Barclays Global Aggregate Bond Index

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


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
2014
Years at
T. Rowe Price
4
Years investment experience
22
Quentin Fitzsimmons,
Portfolio Manager
Quentin Fitzsimmons is a senior portfolio manager in the Fixed Income division and a member of the Global Fixed Income investment team. He is co-portfolio manager of the Dynamic Global Bond and Global Aggregate Bond strategies.
Portfolio Manager since
2016
Years at T. Rowe Price
2
Years investment experience
26
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
10
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
? UK Tax Reporting Status

Indicative Benchmark Data Source: Bloomberg Barclays

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.