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 %||7.66%||1.16%||1.50%||1.95%||1.95%|
|1 YR||3 YR
|Excess Return %||3.60%||0.77%||1.48%||1.78%|
|Month to DateData as of 25-Sep-2020||Quarter to DateData as of 25-Sep-2020||Year to DateData as of 25-Sep-2020||1 MonthData as of 31-Aug-2020||3 MonthsData as of 31-Aug-2020|
|Excess Return %||-0.81%||0.53%||5.62%||-0.04%||1.39%|
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 head of International Fixed Income at T. Rowe Price. He is lead portfolio manager for the Dynamic Global Bond Strategies. Mr. Husain is also co-portfolio manager for the firm's International Bond, Global Aggregate Bond and Institutional International Bond Strategies. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.
Mr. Husain has 24 years of investment experience, six of which have been with T. Rowe Price. Prior to joining the firm in 2013, he spent 14 years as director of both European Fixed Income and Euro Portfolio Management at AllianceBernstein. He was also a member of the global fixed income and absolute return portfolio management teams. Mr. Husain previously worked as assistant director of European Derivatives Trading at Greenwich NatWest and also traded interest rate swaps at Bank of America National Trust & Savings Association.
Mr. Husain received a B.Sc. (hons.) in banking and international finance from the City University, London Business School. He also has earned the Chartered Financial Analyst designation.
- Fund manager2014
- Years at7
T. Rowe Price
- Years investment24
|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.|