SICAV
Global Government Bond Fund
A concentrated global bond portfolio of high-conviction, high-quality government bonds from liquid sovereign markets, with limited exposure to emerging market risk. The fund seeks to achieve attractive returns that are typically less correlated to equity and credit markets.
ISIN LU2041632279
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FACTSHEET
KIID
Average
Coupon
1.01%
Data as of: 30-Sep-2021
Average
Maturity
7.98 yrs
Data as of: 30-Sep-2021
Average
Duration
3.21 yrs
Data as of: 30-Sep-2021
Fund Size
(USD)
$12.2m
Data as of: 30-Sep-2021
Perf Chg
(Daily)
0.00%
Data as of: 15-Oct-2021
Since Inception
(Cumulative)
6.3%
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)
$10.67
Data as of: 15-Oct-2021

1YR Return
0.57%
IA Sector ranking: N/A
Data as of: 30-Sep-2021

Overview
Strategy
Fund Summary
Leveraging the firm’s deep, global fixed income expertise and strong sovereign research experience, we use a dynamic investment approach to actively manage duration, yield curve, and country selection. We seek to balance high tracking error with disciplined risk management embedded throughout the investment process, while maintaining a high liquidity profile.
LIMITED
MODERATE
EXTENSIVE

49
Holdings

Average
Quality
AA+
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 -0.56% 0.57% N/A N/A 6.30%
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 -2.38% -2.12% N/A N/A 2.10%
Excess Return 1.82% 2.69% N/A N/A 4.20%

Data as of 30-Sep-2021

Holdings
Total
Holdings
49
Top 10
91.21%
Largest
Japan Government Five Year Bond
10.37%
Was ( 30-Jun-2021 )
10.40%
Data as of 30-Sep-2021
Duration
Maturity
Quality
Average
3.21 yrs
Average
7.98 yrs
Average
AA+
Top
1-3 Years
27.90%
Was ( 31-Aug-2021 )
6.20%
Top
1-3 Years
26.20%
Was ( 31-Aug-2021 )
6.06%
Top
A
32.52%
Was ( 31-Aug-2021 )
33.84%
Over
Under 1 Year
By 5.30%
Fund
7.32%
Benchmark*
2.02%
Over
0-1 Years
By 7.64%
Fund
9.55%
Benchmark*
1.91%
Over
AAA
By 15.05%
Fund
27.25%
Benchmark*
12.19%
Under
Over 10 Years
By -8.47%
Fund
18.97%
Benchmark*
27.44%
Under
10+ Years
By -12.43%
Fund
19.81%
Benchmark*
32.24%
Under
US Treasury
By -18.36%
Fund
20.18%
Benchmark*
38.54%
Regions
Total
Regions
4
Largest
Europe
40.45%
Was ( N/A )
N/A
Over
Japan
By 14.90%
Fund
31.70%
Benchmark**
16.79%
Under
North America
By -18.23%
Fund
21.96%
Benchmark**
40.19%
Data as of 30-Sep-2021
Data as of 30-Sep-2021
Indicative Benchmark: FTSE World Government Bond Index Hedged USD

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

Countries
Total
Countries
16
Largest
Japan
31.70%
Was ( 31-Aug-2021 )
32.93%
Over
Japan
By 14.90%
Fund
31.70%
Benchmark*
16.79%
Under
United States
By -17.49%
Fund
21.05%
Benchmark*
38.54%
Data as of 30-Sep-2021
Data as of 30-Sep-2021
Indicative Benchmark: FTSE World Government Bond Index Hedged USD

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

Currency
Total
Currencies
11
Largest
U.S. dollar
95.93%
Was ( 31-Aug-2021 )
95.51%

Over
U.S. dollar
By 57.39%
Fund
95.93%
Benchmark*
38.54%
Under
euro
By -32.95%
Fund
0.43%
Benchmark*
33.38%
Data as of 30-Sep-2021
Indicative Benchmark: FTSE World Government Bond Index Hedged USD

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


Team
Arif Husain,
Head of International Fixed Income
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.
Head of International Fixed Income since
2019
Years at
T. Rowe Price
7
Years investment experience
24
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
2019
Years at T. Rowe Price
5
Years investment experience
29
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
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Investment Management Fee Ongoing
Charges1
Class A $1,000 $100 5.00% 50 basis points 1.02%
Class Q $1,000 $100 N/A 50 basis points 0.67%
Class I $2,500,000 $100,000 N/A 50 basis points 0.60%

Indicative Benchmark Data Source: FTSE Russell.  London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2021. FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

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.

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.