A portfolio of global fixed-income securities with a focus on downside risk and diversification from equity markets.
Investment ObjectiveSeeks to generate positive returns from global fixed-income with a focus on downside risk and providing diversification from equity markets.
- To generate a consistent performance over the Benchmark by exploiting inefficiencies in the global fixed income and currency markets.
- To achieve a total return, including capital gains and income, in excess of 2% per annum above the Benchmark over the full economic cycle.
- To control the amount of risk taken and to limit downside risk.
- Fund’s duration between 0 and 6 years.
- Maximum 75% in Australian government bonds.
- Maximum 50% in non-government bonds.
- Maximum 20% in securities rated below investment grade.
- Maximum 50% in cash and cash equivalent securities.
- Minimum 80% of the currency risk hedged back to the Australian dollar.
|1 YR||3 YR
|Since Manager Inception
|Excess Return %||10.33%||1.82%||1.47%||2.12%||2.12%|
|1 YR||3 YR
|Excess Return %||8.06%||1.79%||1.50%||2.07%|
|Month to DateData as of 02-Mar-2021||Quarter to DateData as of 02-Mar-2021||Year to DateData as of 02-Mar-2021||1 MonthData as of 31-Jan-2021||3 MonthsData as of 31-Jan-2021|
|Excess Return %||0.30%||1.53%||1.53%||0.45%||2.33%|
Past performance is not a reliable indicator of future performance.
Source for performance: T Rowe Price. Net of fees performance is based on end of month redemption prices after the deduction of fees and expenses and the reinvestment of all distributions. Figures include changes in principal value. Investment return and principal value will vary, and an account may be worth more or less at termination than at inception.
Daily performance (MTD, QTD, and YTD) data is based on the latest available NAV minus one business day.
Returns for time periods greater than one year are annualised.
Arif Husain is the head of the International Fixed Income Division. He is a co-portfolio manager for the International Bond and Institutional International Bond Strategies and the lead portfolio manager for the Global Aggregate Bond Strategy. Arif also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.
Arif’s investment experience began in 1995, and he has been with T. Rowe Price since 2013. Prior to this, Arif was employed by AllianceBernstein in the area of European Fixed Income and Euro Portfolio Management. He also was a member of the global fixed income and absolute return portfolio management teams. Arif also was employed by Greenwich NatWest as an assistant director of European Derivatives Trading and by the Bank of America National Trust and Savings Association.
Arif earned a B.Sc. (honors) in banking and international finance from City University London, Cass Business School. He also has earned the Chartered Financial Analyst® designation.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
- Fund manager2014
- Years at7
T. Rowe Price
- Years investment25
|APIR||Minimum Initial Investment (AUD)||Minimum Subsequent Investment (AUD)||Buy/Sell Spread||Management Fees|
|ETL0398AU||$650,000||$100,000||Buy +0.25%/ Sell -0.25%||0.40% p.a.|