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GIPS® Information

T. Rowe Price ("TRP") claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. T. Rowe Price has been independently verified for the twenty four-year period ended June 30, 2020, by KPMG LLP. The verification report is available upon request. A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm’s policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm-wide basis. Verification does not provide assurance on the accuracy of any specific performance report.

TRP is a U.S. investment management firm with various investment advisers registered with the U.S. Securities and Exchange Commission, the U.K. Financial Conduct Authority, and other regulatory bodies in various countries and holds itself out as such to potential clients for GIPS purposes. TRP further defines itself under GIPS as a discretionary investment manager providing services primarily to institutional clients with regard to various mandates, which include U.S, international, and global strategies but excluding the services of the Private Asset Management group.

A complete list and description of all of the Firm's composites and/or a presentation that adheres to the GIPS® standards are available upon request. Additional information regarding the firm's policies and procedures for calculating and reporting performance results is available upon request. 

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Home / Products / Strategy / Global Value Equity Strategy
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Past performance is not a reliable indicator of future performance.

Strategy

Global Value Equity

The Global Value Equity Composite seeks long-term capital appreciation and reasonable income primarily through investment in companies domiciled in developed countries globally.

Strategy HighLights
GIPS

3YR Return Annualised (Net)
(View Total Returns)

Tracking Error
(5 Years)

10.68%
3.93%
Data as of 30-Sep-2021
Data as of 30-Sep-2021

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

35.05%
-0.69
Data as of 30-Sep-2021
Data as of 30-Sep-2021

Inception Date 31-Jul-2012

Performance figures calculated in USD

Sebastien Mallet
Sebastien Mallet, Portfolio Manager

Sebastien Mallet is a portfolio manager in the Equity Division at T. Rowe Price, managing the Institutional Global Value Strategy. Mr. Mallet is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.

 

Strategy

Investment Approach

  • Diversified portfolio investing in companies located throughout the globe.
  • Targeting attractively valued companies across a range of different value opportunities.
  • Employ rigorous and comprehensive research to identify and assess investment opportunities.
  • Allocate country and sector positions through consideration of:
    • Attractiveness of individual investments
    • Macroeconomic environment

Portfolio Construction

  • Typically 80-100 stock portfolio
  • Individual positions typically range from 0.30% to 3.00% — average position size of around 1.00%
  • Country and sector weights generally range +/- 15% deviation from the benchmark
  • Maximum of 10% in emerging markets
  • Reserves range from 0% to 10%

Regions

Total
Regions
6
Largest Region North America 61.70% Was (30-Jun-2021) 58.09%
Other View complete Region Diversification

Monthly Data as of 30-Sep-2021

Benchmark: MSCI World Index

Top Contributor^

Developed Europe
Net Contribution 0.14%
Region
-0.05%
Selection 0.18%

Top Detractor^

United States
Net Contribution -0.45%
Region
-0.03%
Selection
-0.42%

^Relative

Quarterly Data as of 30-Sep-2021

Largest Overweight

Pacific Ex Japan
By3.53%
Portfolio 6.82%
Benchmark 3.28%

Largest Underweight

North America
By-8.93%
Portfolio 61.70%
Benchmark 70.63%

Monthly Data as of 30-Sep-2021

Countries

Total
Countries
20
Largest Country United States 59.84% Was (30-Jun-2021) 56.01%
Other View complete Country Diversification

Monthly Data as of 30-Sep-2021

Benchmark: MSCI World Index

Largest Overweight

China
By3.59%
Portfolio 3.60%
Benchmark 0.01%

Largest Underweight

United States
By-7.56%
Portfolio 59.84%
Benchmark 67.40%

Monthly Data as of 30-Sep-2021

Strategies with co-portfolio managers display the manager with the longer tenure. 

Holdings information and other breakdowns (such as country and currency) are related to those of representative portfolio ("Portfolio"). The Portfolio is an account in the composite we believe most closely reflects current portfolio management style for the strategy. Performance is not a consideration in the selection of the representative portfolio. The characteristics of the representative portfolio shown may differ from those of other accounts in the strategy. Please see the GIPS® Disclosure page for additional information on the composite.

The specific securities identified and described above do not represent all of the securities purchased, sold or recommended for advisory clients and no assumptions should be made that investments in the securities identified and discussed were or will be profitable.