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T. Rowe Price
Global Government Bond High Quality Strategy
This strategy seeks attractive risk-adjusted returns across global bond markets, supported by an extensive macroeconomic research process.
Global Government Bond High Quality Strategy
The Global Government Bond High Quality strategy is a benchmark aware, highly flexible government bond strategy designed to seek consistent outperformance in both rising and falling interest rate environments.
Our flexibility is aimed to
1. avoid capital losses when interest rate are rising
2. enhance performance when interest rates are falling
Benchmark
FTSE World Government Bond Index Hedged USD
Risk Objectives
Tracking Error Target (Average)
200-800 bps per annum
Expected Contribution of Value Added
Country/Duration Management - 70%
Currency Management - 30%
Expected Duration
2 to 14 years
Expected Average Rating
A or Higher
Maximum Below Investment Grade
0%
Past performance is not a reliable indicator of future performance.
1 FTSE World Government Bond Index Hedged USD.
Credit ratings for the securities held in the portfolio are provided by Moody’s, Standard & Poor’s and Fitch and are converted to the Standard & Poor’s nomenclature. A rating of “AAA” represents the highest-rated securities, and a rating of “D” represents the lowest-rated securities. When a rating is available from all three agencies, the median rating is used. If there are two ratings, the lower rating is used and if only one rating is available, that rating is used. If a rating is not available, the security is classified as Not Rated (NR). T. Rowe Price uses the rating of the underlying investment vehicle to determine the creditworthiness of credit default swaps and sovereign securities. The portfolio is not rated by any agency.
Ɏ Please see Additional Disclosures for information about this FTSE, Fitch, Moody’s and S&P information.
Portfolio Managers
Arif Husain
Years of industry experience
28
Years at T. Rowe Price
10
As of 30 June 2024
Want to know more about our global fixed income capabilities?
Additional Disclosures
Source for FTSE Index Data: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2024. FTSE is a trading name of certain of the LSE Group companies. All rights in the FTSE 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.
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