Global Impact Equity Fund

Invests in durable, growing businesses of any market capitalization both within and outside of the U.S, including emerging markets. It takes an impact approach to investing, seeking opportunities that are capable of generating both long-term growth of capital as well as positive environmental and/or social impact, while excluding non-impact areas of the global economy.

The fund incorporates environmental and/or social impact criteria into its investment process, which carries risk. As such, the fund could perform differently from a fund that relies solely on financial metrics. The fund may also not succeed in generating a positive environment and/or social impact. Since the fund invests overseas, including in emerging market countries, its foreign holdings could be affected by declining foreign currencies or adverse political or economic events.

Fund Manager Tenure1

Net Assets2
(USD)

<1yr
$18.5m

Data as of 09/30/2021

Data as of 09/30/2021

Price
(USD)

Daily Price Change

$11.45
$+0.01

Data as of 10/25/2021

Data as of 10/25/2021

Harishankar Balkrishna
Harishankar Balkrishna, Portfolio Manager

Hari Balkrishna is a portfolio manager for the Global Impact Equity Strategy. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd. 

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Strategy

Investment Objective

The fund seeks long-term growth of capital.

Average Annual Total Returns (Investor Class)

1 YR
N/A
Benchmark
N/A
Value
N/A N/A

Data as of 09/30/2021

3 YR
N/A
Benchmark
N/A
Value
N/A N/A

Data as of 09/30/2021

5 YR
N/A
Benchmark
N/A
Value
N/A N/A

Data as of 09/30/2021

Since Inception
8.30%
Benchmark
5.81%
Value
2.49% 2.49%

Data as of 09/30/2021

Benchmark: MSCI All Country World Index Net

Fund Inception: 03/15/2021

Expense Ratio

Gross
1.43%
Net
0.94%
Limitation Type
Contractual
expires 02/28/2023

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares. Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions.

Investors should note that short term returns greater than 40% are highly unusual and unlikely to be sustained.

The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's prospectus prior to the deduction of any waiver or reimbursement. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement.  If a fund has an active contractual expense limitation, the expiration date is shown below the gross and net expense ratio values above.  Expense ratios are as of the most recent prospectus.

Current Year Performance (Investor Class)

Daily YTD
N/A
Benchmark
N/A
Value
N/A

Data as of 10/25/2021

Monthly YTD
N/A
Benchmark
N/A
Value
N/A

Data as of 09/30/2021

One Month
-5.99%
Benchmark
-4.13%
Value
-1.86%

Data as of 09/30/2021

Three Months
1.21%
Benchmark
-1.05%
Value
2.26%

Data as of 09/30/2021

Benchmark: MSCI All Country World Index Net

Fund Inception: 03/15/2021

Asset Allocation

Net Assets
(USD)
$18.5m

Data as of 09/30/2021

Largest US Stock 55.13% $10.2m
Other View complete

Holdings

Total
Holdings
76

Data as of 09/30/2021

Largest Holding NextEra Energy 2.76% Was (06/30/2021) 2.58%
Other View complete Full Holdings
Top 10 Holdings 22.68% View the latest Top 10 Holdings
12-Month Portfolio Turnover N/A Data as of 08/31/2021

Largest Contributor

Danaher
2.28%

Largest Detractor

Trane Technologies
1.98%

Data as of 09/30/2021

Purchase

Hubbell (N)
1.44%
Was 0.00%

Sale

Microsoft (E)
0.00%
Was 3.46%

Data as of 09/30/2021

Sectors

Total
Sectors
8

Data as of 09/30/2021

Benchmark: MSCI All Country World Index

Largest Sector Information Technology 24.63% Was (08/31/2021) 25.42%
Other View complete

Contributor

Health Care
By 1.10%
Sector 0.06%
Selection 1.04%

Detractor

Industrials & Business Services
By -0.36%
Sector -0.08%
Selection -0.28%

Data as of 09/30/2021

Over

Health Care
By 10.34%
Fund 22.03%
Benchmark 11.69%

Under

Communication Services
By -9.28%
Fund 0.00%
Benchmark 9.28%

Data as of 09/30/2021

MSCI index returns are shown with gross dividends reinvested.

Regions

Total
Regions
5

Data as of 09/30/2021

Benchmark: MSCI All Country World Index

Largest Region North America 58.17% Was (08/31/2021) 56.92%
Other View complete Region Diversification

Contributor

United States
By 1.56%
Region -0.04%
Selection 1.60%

Detractor

Latin America
By -0.30%
Region -0.12%
Selection -0.18%

Data as of 09/30/2021

Over

Europe
By 3.88%
Fund 21.04%
Benchmark 17.15%

Under

North America
By -4.00%
Fund 58.17%
Benchmark 62.17%

Data as of 09/30/2021

Countries

Total
Countries
20

Data as of 09/30/2021

Benchmark: MSCI All Country World Index

Largest Country United States 55.13% Was (08/31/2021) 53.98%
Other View complete Country Diversification

Over

India
By 2.52%
Fund 3.98%
Benchmark 1.46%

Under

United States
By -4.20%
Fund 55.13%
Benchmark 59.33%

Data as of 09/30/2021

Numbers may not total due to rounding; all numbers are percentages.

Currency

Total
Currencies
12

Data as of 09/30/2021

Benchmark: MSCI All Country World Index

Largest Currency U.S. dollar 64.34% Was (08/31/2021) 65.60%
Other View complete Currency Diversification

Over

U.S. dollar
By 3.88%
Fund 64.34%
Benchmark 60.46%

Under

Australian dollar
By -1.77%
Fund 0.00%
Benchmark 1.77%

Data as of 09/30/2021

Team (As of )

Harishankar Balkrishna

Harishankar Balkrishna
Portfolio Manager

Hari Balkrishna is a portfolio manager for the Global Impact Equity Strategy. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd. 

  • Fund manager
    since 2021
  • Years at
    T. Rowe Price 11
  • Years investment
    experience 14

For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.

How to Invest

View platform information
Share Class Min Initial Investment (USD) Min Subsequent Investment (USD) 12b-1 Fee Expense Ratio
Gross Net Limitation Type Limitation Expiration Date
Investor Class
Cusip 87281D793
$2,500 $100 0.00% 1.43% 0.94% Contractual 02/28/2023
I Class
Cusip 87281D819
$1,000,000* N/A 0.00% 1.32% 0.79% Contractual
02/28/2023

* Minimum initial investment $1,000,000. Minimum is generally waived for intermediaries, certain retirement plans, and certain institutional client accounts.

1

Number of years managing the fund.  In the case of co-portfolio management, the longer tenure is displayed.

2

Figure applies to all share classes.

Source: MSCI.  MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein.  The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products.  This report is not approved, reviewed, or produced by MSCI.

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