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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.

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Products Table Products Overview
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Global Equity

SICAV

Global Focused Growth Equity Fund

Concentrating high conviction positions in leading global investment prospects.

ISIN LU0143563046 WKN 541556

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

20.92%
$4.5b

1YR Return
(View Total Returns)

Manager Tenure

46.13%
8yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

1.73
6.38%

Inception Date 12-Jan-2006

Performance figures calculated in USD

31-Jan-2021 - David J. Eiswert, Portfolio Manager,
We believe that we are in an unusual period for markets that is defined by extreme fundamentals. We are looking to ensure the portfolio is positioned correctly for when high-quality companies that were temporarily depressed by the pandemic will likely reaccelerate. The market is currently lacking in patience and seemingly unwilling to look ahead to the other side of the crisis. However, we are confident that vaccines will bring COVID-19 under control over coming quarters.
David J. Eiswert, CFA
David J. Eiswert, CFA, Lead Portfolio Manager

David Eiswert is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He is the portfolio manager for the Global Focused Growth Equity Strategy, a role he has held since October 1, 2012. Prior to his current role, Mr. Eiswert was the portfolio manager for the Global Technology Strategy from October 2008 until May 2012. He was a technology analyst from 2003 until 2012. Mr. Eiswert is a vice president of T. Rowe Price Group, Inc.

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SICAV

Global Growth Equity Fund

Seeking to select superior stocks from the broadest global equity opportunity set.

ISIN LU0382933116 WKN A0RB2L

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

17.71%
$574.5m

1YR Return
(View Total Returns)

Manager Tenure

41.90%
12yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

1.59
5.03%

Inception Date 27-Oct-2008

Performance figures calculated in USD

31-Jan-2021 - Scott Berg, Portfolio Manager,
We expect the “COVID-on”/”COVID-off” trade to continue to flip-flop back and forth as it did through the later stages of 2020. We believe secular growth stocks, at the right price, should continue to compound good returns, but the setup into midyear might imply a continuation of the rotation trade into value, small-caps, and non-U.S. stocks that began toward the end of last year. Selectivity is crucial in a world that remains defined by extreme outcomes.
Scott Berg
Scott Berg, Portfolio Manager

Scott Berg is the portfolio manager for the T. Rowe Price Global Growth Equity Strategy and a vice president of T. Rowe Price Group, Inc.

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SICAV

Global Natural Resources Equity Fund

Seeking to identify long-term global winners in the arena of natural resources extraction and production.

ISIN LU0272423913 WKN A0MKKE

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

-2.68%
$99.6m

1YR Return
(View Total Returns)

Manager Tenure

4.26%
7yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.22
5.65%

Inception Date 15-Nov-2006

Performance figures calculated in USD

31-Jan-2021 - Shawn T. Driscoll, Portfolio Manager,
We continue to believe that we are in a secular bear market for commodities. Global supplies of crude oil remain elevated despite a modest recovery in demand, and, while the recent reflation rally likely has more room to run, we expect energy stocks to be relative laggards going forward. Over the long term, we believe that oil prices are likely to settle in the mid-USD 40s per barrel range.
Shawn T.  Driscoll
Shawn T. Driscoll, Portfolio Manager

Shawn Driscoll is the portfolio manager of the Global Natural Resources Equity Strategy, including the New Era Fund, in the U.S. Equity Division. He is chairman of the Investment Advisory Committee of the Global Natural Resources Equity Strategy and a vice president and an Investment Advisory Committee member of the US Capital Appreciation, US Large-Cap Core Equity, US Growth Stock, US Large-Cap Core Equity, US Mid-Cap Growth Equity, US Multi-Cap Growth Equity, and Real Assets Equity Strategies. Shawn also is a vice president of T. Rowe Price Group, Inc.

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SICAV

Global Real Estate Securities Fund

Equity investment alert to the changing supply and demand dynamics of the global property market.

ISIN LU0382932225 WKN A0RB2J

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

2.68%
$6.7m

1YR Return
(View Total Returns)

Manager Tenure

-6.17%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.04
3.50%

Inception Date 27-Oct-2008

Performance figures calculated in USD

31-Jan-2021 - Nina Jones, Portfolio Manager,
We are optimistic about the upside potential for real estate stocks in the coming months. We expect that the rollout of coronavirus vaccines will result in increasing consumer confidence and an improving employment picture, which will support demand in many property types across commercial and residential real estate. In addition, construction starts have fallen, which could help lay the groundwork for a recovery in real estate fundamentals and cash flows.
Nina P.  Jones
Nina P. Jones, Portfolio Manager

Nina Jones is the portfolio manager for the Global Real Estate Equity and U.S. Real Estate Equity Strategies.  She is also chairman of the Investment Advisory Committee for the U.S. Real Estate Equity Strategy.  Nina is also a vice president and advisory committee member of the Financial Services and Mid-Cap Value strategies.  She is a member of the investment advisory committee of the Global Growth, Global Stock and Institutional Large Cap Value strategies.  Nina is vice president of T. Rowe Price Group.

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SICAV

Global Technology Equity Fund

To provide long-term capital growth by investing mainly in technology companies, and companies enabled by technology.

ISIN LU1244139827 WKN A14UXW

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

24.34%
$1.5b

1YR Return
(View Total Returns)

Manager Tenure

66.68%
1yr

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.27
8.40%

Inception Date 15-Jun-2015

Performance figures calculated in USD

31-Jan-2021 - Alan Tu, Portfolio Manager ,
With valuations stretched in some areas, our experience has shown us that a bottom-up approach can help us identify companies that offer investment value versus those that represent extreme moves away from fundamental earnings growth. At the same time, we continue to be sensitive to valuation and strive to avoid companies with slowing fundamentals, even if some received a temporary boost from last year’s technology rally. Finally, we remain cautious of growing regulatory risks.
Alan Tu, CFA
Alan Tu, CFA, Portfolio Manager

Alan Tu is the portfolio manager for the Global Technology Equity Strategy in the U.S. Equity Division. He also is chairman of its Investment Advisory Committee. Alan is a vice president and an Investment Advisory Committee member of the US Small-Cap Growth II Equity, Science & Technology Equity, US Large-Cap Core Growth Equity, Communications and Technology Equity, and US Tax-Efficient Multi-Cap Growth Equity Strategies. In addition, he is an Investment Advisory Committee member of the Global Growth Equity Strategy. Alan also is a vice president of T. Rowe Price Group, Inc.

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SICAV

Global Value Equity Fund

Targeting attractively valued global companies with prospects for improving earnings growth.

ISIN LU0859255472 WKN A1T64M

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

4.44%
$84.0m

1YR Return
(View Total Returns)

Manager Tenure

12.54%
8yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.65
4.23%

Inception Date 28-Nov-2012

Performance figures calculated in USD

31-Jan-2021 - Sebastien Mallet, Portfolio Manager,
As we look towards a potential recovery period over the next 12-18 months, we believe valuation dispersions between growth and value stocks could provide a positive backdrop for value investing. We continue to find opportunities in well-run companies, particularly those with more cyclical characteristics and those which stand to emerge on the other side of the pandemic in positions of strength.
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.

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Europe Equity

SICAV

Continental European Equity Fund

Style-agnostic, quality-driven European equity investment.

ISIN LU0285832068 WKN A0MNMY

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

7.47%
€123.4m

1YR Return
(View Total Returns)

Manager Tenure

7.24%
<1yr

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.77
2.93%

Inception Date 26-Feb-2007

Performance figures calculated in EUR

31-Jan-2021 - Tobias Mueller, Portfolio Manager ,
The development of effective coronavirus vaccines offers the hope of a recovery from deep recession, beginning later this year. A recovery will to some extent depend on the path of the disease and the efficacy and distribution of any vaccines. In addition. the level of continuing policy support, the evolution of corporate and consumer confidence and the degree of disruption caused by newly agreed post-Brexit trading arrangements will determine the longer-term trajectory of activity.
Tobias Mueller, CFA
Tobias Mueller, CFA, Portfolio Manager

Tobias Mueller is the portfolio manager for the European Select Strategy, effective October 2018. Previously, he covered the technology, medical technology and exchange sectors as a research analyst in the Equity Division. Mr. Mueller is a vice president of T. Rowe Price International Ltd.

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SICAV

European Equity Fund

Style agnostic, focus on quality to maintain a balanced portfolio.

ISIN LU0285831334 WKN A0MNMX

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

6.16%
€102.5m

1YR Return
(View Total Returns)

Manager Tenure

3.55%
<1yr

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.21
3.96%

Inception Date 26-Feb-2007

Performance figures calculated in EUR

31-Jan-2021 - Tobias Mueller, Portfolio Manager ,
The development of effective coronavirus vaccines offers the hope of a recovery from deep recession, beginning later this year. A recovery will to some extent depend on the path of the disease and the efficacy and distribution of any vaccines. In addition. the level of continuing policy support, the evolution of corporate and consumer confidence and the degree of disruption caused by newly agreed post-Brexit trading arrangements will determine the longer-term trajectory of activity.
Tobias Mueller, CFA
Tobias Mueller, CFA, Portfolio Manager

Tobias Mueller is the portfolio manager for the European Select Strategy, effective October 2018. Previously, he covered the technology, medical technology and exchange sectors as a research analyst in the Equity Division. Mr. Mueller is a vice president of T. Rowe Price International Ltd.

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SICAV

European Smaller Companies Equity Fund

Seeking to identify tomorrow’s winning European growth companies.

ISIN LU0382931417 WKN A0RC40

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

7.83%
€205.8m

1YR Return
(View Total Returns)

Manager Tenure

29.89%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.63
6.55%

Inception Date 26-Nov-2008

Performance figures calculated in EUR

31-Jan-2021 - Ben Griffiths, Portfolio Manager,
We continue to assess the medium- and longer-term outlook for the companies that we hold in the portfolio. A strong positive influence has been our exposure to companies whose relative fundamentals have improved over the recent challenging months. We are typically reducing positions in those companies where we feel that the impact may be more transitory and taking some money out of very strong performers to redeploy into areas that will benefit from a recovery.
Benjamin Griffiths
Benjamin Griffiths, Portfolio Manager

Ben Griffiths is the lead portfolio manager for the International Small-Cap Equity Strategy and the Europe Smaller Companies Equity Strategy in the International Equity Division. Ben is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

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SICAV

European Structured Research Equity Fund

Research-driven, industry focused investment.

Class I ISIN LU0207128991 WKN A0DP26

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

2.72%
€1.0m

1YR Return
(View Total Returns)

Manager Tenure

-0.52%
16yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.07
3.02%

Inception Date 07-Jan-2005

Performance figures calculated in EUR

31-Jan-2021 - Mitchell Todd, Portfolio Manager,
The MSCI Europe Index fell as worries intensified about the economic damage caused by the spread of coronavirus variants, the extension of national lockdowns, and delays in vaccination programmes. Six of the 11 sectors that comprise the index weakened. Real estate fell the most followed by financials, consumer staples and consumer discretionary. Energy and information technology rose the most, followed by materials and health care. Communication services firmed.
Ann Holcomb, CFA
Ann Holcomb, CFA, Co-Portfolio Manager

Ann Holcomb is a director of research, North America, in the U.S. Equity Division. Ann is a member of the Equity Steering Committee, and she is co-portfolio manager of the U.S. Structured Research Equity Strategy.  She is also is cochair of the Investment Advisory Committee of the U.S. Structured Research Equity Strategy. Ann is a vice president of T. Rowe Price Group, Inc. 

 
 

Asia-Pacific Equity

SICAV

Asian ex-Japan Equity Fund

A diversified fund, with a focus on sustainable growth.

ISIN LU0266341725 WKN A0MKKA

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

10.73%
$1.2b

1YR Return
(View Total Returns)

Manager Tenure

42.13%
11yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.47
3.31%

Inception Date 13-Dec-2006

Performance figures calculated in USD

31-Jan-2021 - Anh Lu, Portfolio Manager,
Valuations in Asia ex-Japan have normalised but the gap between the region versus developed markets is still wide. While there are pockets of excessive optimism, we believe that many high-quality growth businesses are still trading at reasonable multiples. On earnings, we expect healthier growth from 2021 onwards although the extent of improvement will depend on the pace of economic normalisation. We remain constructive on the medium- to longer-term outlook for Asia ex-Japan equities.
Anh Lu
Anh Lu, Portfolio Manager

Anh Lu is a portfolio manager in the Equity Division of T. Rowe Price Hong Kong Limited. Ms. Lu is the lead portfolio manager for the Asia ex-Japan Equity Strategy. She is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Hong Kong Limited.

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SICAV

Asian Opportunities Equity Fund

A concentrated portfolio of high-quality Asian companies.

ISIN LU1044871900 WKN A114WL

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

10.71%
$375.4m

1YR Return
(View Total Returns)

Manager Tenure

38.19%
6yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.59
4.26%

Inception Date 21-May-2014

Performance figures calculated in USD

31-Jan-2021 - Eric C. Moffett, Portfolio Manager,
We maintain a constructive outlook on the region. In north Asia, we recognise pockets of froth which have been the subject of retail speculative fervour such as electric-vehicle names but our focus is on high-quality companies with earnings visibility. We think there are attractive risk/reward profiles in certain value-oriented or cyclical stocks. Some of these were unfairly sold off due to the pandemic despite strong fundamentals and we think there are investment opportunities among them.
Eric C. Moffett
Eric C. Moffett, Portfolio Manager

Eric Moffett is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Hong Kong Limited. He is the portfolio manager for the firm's Asia Opportunities equity strategy and chairman of the strategy's Investment Advisory Committee. 

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SICAV

Japanese Equity Fund

Seeking to uncover the best investment opportunities across the Japanese equity spectrum.

ISIN LU0230817925 WKN A0MKJ6

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

12.31%
€2.2b

1YR Return
(View Total Returns)

Manager Tenure

23.66%
7yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

1.17
6.41%

Inception Date 16-Dec-2005

Performance figures calculated in EUR

31-Jan-2021 - Archibald Ciganer, Portfolio Manager,
As we enter the next stage of the equity cycle and the evolution of domestic and international political governance progresses, we continue to believe that Japan is a compelling active management case, particularly as the market is under-owned and displays positive change dynamics. We believe the expected global economic recovery this year, together with the vaccine rollout, will provide a cyclical tailwind for Japanese equities.
Archibald Ciganer
Archibald Ciganer, Portfolio Manager

Archibald Ciganer is the portfolio manager of the Japan Equity Strategy in the International Equity Division. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Japan, Inc.

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Emerging Markets Equity

SICAV

Emerging Markets Discovery Equity Fund

Formerly Emerging Markets Value Equity Fund

Utilises a contrarian approach to invest in undervalued emerging markets companies positioned to benefit from a re-rating thesis for change.

ISIN LU1244138340 WKN A14XYX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

1.76%
$153.7m

1YR Return
(View Total Returns)

Manager Tenure

17.68%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.24
5.53%

Inception Date 14-Sep-2015

Performance figures calculated in USD

31-Jan-2021 - Ernest Yeung, Portfolio Manager,
We remain constructive toward emerging market (EM) equities. The K-shaped recovery that took hold in EM last year, with some economies recovering while others stayed focused on containing the pandemic, resulted in some positive developments. It prompted management teams to become more proactive – cutting costs, selling assets, shifting capacity, and changing product mix. We found opportunities among such companies and believe the recovery period from the pandemic provides a favourable backdrop for value investing.
Ernest C.  Yeung
Ernest C. Yeung, Portfolio Manager

Ernest Yeung is a portfolio manager for the Emerging Markets Discovery Equity Strategy at T. Rowe Price. He was the co-portfolio manager for the International Small-Cap Equity Strategies from 2009 to 2014. Mr. Yeung is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Hong Kong Limited.

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SICAV

Emerging Markets Equity Fund

Seeking to capture compelling growth opportunities in dynamic emerging markets.

ISIN LU0133084979 WKN 767356

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

6.01%
$3.2b

1YR Return
(View Total Returns)

Manager Tenure

26.29%
11yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.68
3.30%

Inception Date 02-Dec-2003

Performance figures calculated in USD

31-Jan-2021 - Gonzalo Pángaro, Portfolio Manager,
Much of Asia has fared relatively well during the coronavirus crisis; overall, cases have been comparatively low, and economies are largely open and recovering. By contrast, emerging markets outside Asia have generally underperformed, and we have a relatively high exposure here. For example, Brazil and Russia are viewed as value markets with exposure to commodities; we believe that a sustained upturn in their prospects would be positive for the portfolio.
Gonzalo Pángaro
Gonzalo Pángaro, Portfolio Manager

Gonzalo Pángaro is the lead portfolio manager for the Emerging Markets Equity Strategy in the Equity Division. He is chairman of the Investment Advisory Committee for the Emerging Markets Equity Strategy  and a member of the International Equity Steering Committee. Gonzalo is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

 

SICAV

Frontier Markets Equity Fund

Seeking to identify long-term market leaders in countries on the cusp of rapid development.

ISIN LU1079765662 WKN A11660

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

-4.75%
$97.9m

1YR Return
(View Total Returns)

Manager Tenure

0.89%
<1yr

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.23
5.06%

Inception Date 24-Jun-2014

Performance figures calculated in USD

31-Jan-2021 - Johannes Loefstrand, Portfolio Manager ,
The macroeconomic fundamentals and demographics in many frontier markets today are favourable and, in some cases, resemble those of emerging countries approximately 15 to 20 years ago. We believe these economies have the potential to grow much faster than those in the developed and emerging markets universes. Frontier markets face a challenging year in 2021; however, we are encouraged by the effects the rollout of vaccine programmes will have on the global economy.
Johannes Loefstrand
Johannes Loefstrand, Portfolio Manager

Johannes Loefstrand is the Co-Portfolio Manager on the Frontier Markets Fund in the Equity Division of T. Rowe Price. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.

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SICAV

Middle East & Africa Equity Fund

Unconstrained, growth-orientated investing in the under explored markets of the Middle East and Africa.

ISIN LU0310188205 WKN A0M1XR

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

-2.98%
$5.3m

1YR Return
(View Total Returns)

Manager Tenure

0.48%
<1yr

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.08
5.05%

Inception Date 04-Sep-2007

Performance figures calculated in USD

31-Jan-2021 - Seun Oyegunle, CFA, Portfolio Manager ,
Overall, we believe the long-term outlook for the Africa and Middle East region remains robust, despite the current global slowdown. Looking beyond the current crisis, growth is likely to be driven by some of the world’s most attractive demographics, rising urbanisation and levels of infrastructure investment, and a strong asset base in natural resources. In our view, there is much scope for economic improvement, boosted by the implementation of reforms and growing structural domestic demand.
Seun Oyegunle, CFA
Seun Oyegunle, CFA, Portfolio Manager

Seun Oyegunle is the portfolio manager of the Africa & Middle East Fund in the Equity Division. 

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US Equity

SICAV

US Blue Chip Equity Fund

Seeking superior returns from high quality US companies.

ISIN LU0133088293 WKN 767360

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

17.48%
$1.2b

1YR Return
(View Total Returns)

Manager Tenure

28.67%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.86
7.29%

Inception Date 04-May-2015

Performance figures calculated in USD

31-Jan-2021 - Larry J. Puglia, Portfolio Manager,
We recognise it is difficult to predict the lingering effects of the pandemic, tax and regulatory policies, and many economic factors with any degree of conviction. With this in mind, we think it is prudent to avoid companies that we feel require a robust economic backdrop. Instead, we will continue to emphasise high-quality growth companies that we believe can continue to generate durable earnings and free cash flow growth in most economic and regulatory environments.
Larry J. Puglia, CFA, CPA
Larry J. Puglia, CFA, CPA, Lead Portfolio Manager

Larry J. Puglia is a portfolio manager in the U.S. Equity Division. Larry has been managing the US Large-Cap Core Growth Equity Strategy since 1993 and has had lead responsibility for all institutional accounts and other investment products within the strategy since 1997. He also is president of the Investment Advisory Committee of the US Large-Cap Core Growth Equity Strategy. Larry is a vice president of T. Rowe Price Group, Inc.

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SICAV

US Equity Fund

Formerly US Large-Cap Equity Fund

Style agnostic investing in larger US companies.

ISIN LU0429319774 WKN A0X87P

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

10.29%
$904.5m

1YR Return
(View Total Returns)

Manager Tenure

12.04%
11yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.30
4.48%

Inception Date 26-Jun-2009

Performance figures calculated in USD

31-Jan-2021 - Jeff Rottinghaus, Portfolio Manager ,
Rapid progress on the development of several vaccines is clearly the most positive sign for the year ahead. As the pandemic hopefully recedes and economies reopen, a broader economic recovery is likely to benefit many of the sectors that were most damaged by the virus. While this could also bring an accelerated earnings recovery, it might not translate into strong equity returns, with much of the recovery already priced into the markets.
Jeff Rottinghaus
Jeff Rottinghaus, Portfolio Manager

Jeff Rottinghaus is a portfolio manager in the U.S. Equity Division. He is president of the US Large-Cap Core Equity Strategy and chairman of its Investment Advisory Committee. In addition, he is a vice president and an Investment Advisory Committee member of the US Quantitative U.S. and US Dividend Growth Strategies. Jeff also is a vice president of T. Rowe Price Group, Inc.

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SICAV

US Large Cap Growth Equity Fund

Seeking to identify investments with the potential to deliver double-digit earnings growth.

ISIN LU0174119775 WKN A0BMAA

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

19.17%
$3.2b

1YR Return
(View Total Returns)

Manager Tenure

34.33%
4yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.37
5.74%

Inception Date 31-Jul-2003

Performance figures calculated in USD

31-Jan-2021 - Taymour Tamaddon, Portfolio Manager,
Rapid progress on vaccines against COVID-19 is clearly the most positive sign for the year ahead. As the pandemic hopefully recedes and economies reopen, a broader economic recovery is likely to benefit many of the sectors that were most damaged by the virus. Looking ahead, it will be critical to seek out companies that appear well positioned to emerge from the pandemic with lasting competitive advantages, while avoiding firms that face longer-term secular challenges.
Taymour Tamaddon, CFA
Taymour Tamaddon, CFA, Lead Portfolio Manager

Taymour Tamaddon is the portfolio manager of the US Large-Cap Growth Equity Strategy in the U.S. Equity Division. He is a vice president and a member of the Investment Advisory Committees for the Health Sciences Equity, Global Growth Equity, US Multi-Cap Growth Equity, US Growth Stock Equity, US Large-Cap Core Growth Equity, and US Capital Appreciation Strategies. He also is a vice president of the T. Rowe Price Institutional International Funds, Inc., and the T. Rowe Price International Funds, Inc. Taymour is a vice president of T. Rowe Price Group, Inc.

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SICAV

US Large-Cap Value Equity Fund

Invest in large US companies with hidden value and potential overlooked by the market majority.

ISIN LU0133100338 WKN 767380

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

3.40%
$490.7m

1YR Return
(View Total Returns)

Manager Tenure

5.28%
18yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.15
4.82%

Inception Date 27-Mar-2002

Performance figures calculated in USD

31-Jan-2021 - Heather McPherson, Portfolio Manager,
The outlook for U.S. equities continues to be uncertain. Near-term volatility remains despite the market’s favourable reaction to the U.S. presidential and Georgia runoff elections. Headline market indices disguise the weakness of companies exposed to cyclical and secular worries due to the increasingly concentrated nature of the large-cap segment. Given this, we believe our long-term investment horizon will be beneficial as we seek to identify companies that look attractive under a more “normalised” environment.
John D.  Linehan, CFA
John D. Linehan, CFA, Co-Portfolio Manager

John D. Linehan is the portfolio manager for the U.S. Large Cap Equity Income Strategy, U.S. Select Value Strategy and co-portfolio manager for the US Large-Cap Value Equity Strategy in the U.S. Equity Division. In addition, he is the chief investment officer of Equity and a member of the firm's U.S. Equity Steering and Equity Brokerage and Trading Control Committees. He also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

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SICAV

US Smaller Companies Equity Fund

Seeks capital appreciation using both value and growth approaches.

Important Information: Read the 19/11/2020 press release regarding a proposal to launch a new investment advisor. 

ISIN LU0133096981 WKN 767372

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

18.32%
$2.9b

1YR Return
(View Total Returns)

Manager Tenure

30.02%
1yr

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.79
6.28%

Inception Date 28-Sep-2001

Performance figures calculated in USD

31-Jan-2021 - Curt Organt, Portfolio Manager ,
We are optimistic about a continued economic recovery given the prospect of multiple vaccines being rolled out this year. That said, we are mindful of the many challenges that remain before we are back to a more normal environment and of the fact that market valuations are extended. Our focus remains on identifying the most attractive opportunities across the full range of the small-cap and mid-cap segment of the U.S. equity market.
Curt J. Organt, CFA
Curt J. Organt, CFA, Portfolio Manager

Curt Organt is the portfolio manager of the US Smaller Companies Equity Strategy and an associate portfolio manager of the US Small-Cap Core Equity Strategy in the U.S. Equity Division. Curt is a vice president and an Investment Advisory Committee member of the US Small-Cap Core Equity, US Diversified Small-Cap Value Equity, and US Small-Cap Growth Equity Strategies. He also is a vice president of T. Rowe Price Group, Inc.

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Global Fixed Income

SICAV

Diversified Income Bond Fund

Formerly Global Multi-Sector Bond Fund

The fund invests mainly in a diversified portfolio of high yield corporate bonds from issuers around the world, including emerging markets.

ISIN LU1244139231 WKN A2DH6B

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

4.83%
$150.7m

1YR Return
(View Total Returns)

Manager Tenure

3.63%
2yrs

Information Ratio
(3 Years)

Tracking Error
(3 Years)

-0.06
6.83%

Inception Date 15-Dec-2016

Performance figures calculated in USD

31-Jan-2021 - Ken Orchard, Portfolio Manager ,
Markets appears to be shrugging off coronavirus-related concerns even as new restrictions on mobility continue to appear. Uncertainty around vaccination rollouts, new virus variants and the ensuing pace of the economic recovery serve as key risks. We are also keeping a close eye on the tightening of policy in China as the country celebrates a new year and how the U.S. Federal Reserve handles what is expected to be a transitory increase in inflation.
Kenneth A.  Orchard
Kenneth A. Orchard, Portfolio Manager

Kenneth Orchard is a senior portfolio manager in the Fixed Income Division and a member of the Global Fixed Income Investment team. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

 

SICAV

Dynamic Global Bond Fund

Formerly Global Unconstrained Bond Fund

Seeks to generate positive returns from global fixed income with a focus on downside risk and diversification from equity markets.

ISIN LU1216622214 WKN A14UB9

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

2.93%
$1.3b

1YR Return
(View Total Returns)

Manager Tenure

11.15%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.29
3.18%

Inception Date 10-Jun-2015

Performance figures calculated in USD

31-Jan-2021 - Arif Husain, Head of International Fixed Income,
Overall, we maintain a constructive risk view against a backdrop of ultra-accommodative monetary policy, expansionary fiscal policy, vaccines, and significant pent up demand for services. Accordingly, we have kept overall duration toward the low end of our permitted range and we expressed a positive bias in credit markets during January. We will be monitoring these themes closely, standing ready to take any action should we see signs any one of them is reversing.
Arif Husain, CFA
Arif Husain, CFA, Portfolio Manager

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.

 

SICAV

Dynamic Global Investment Grade Bond Fund

Seeks to generate positive returns from global investment-grade fixed income with a focus on downside risk and diversification from equity markets.

ISIN LU1614212519 WKN A2DU7X

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

3.14%
$26.2m

1YR Return
(View Total Returns)

Manager Tenure

8.76%
3yrs

Information Ratio
(3 Years)

Tracking Error
(3 Years)

0.52
2.68%

Inception Date 03-Aug-2017

Performance figures calculated in USD

Arif Husain, CFA
Arif Husain, CFA, Portfolio Manager

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.

 

SICAV

Global Aggregate Bond Fund

Risk-aware investing, exploiting inefficiencies in global bond markets.

ISIN LU0133095660 WKN 767368

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

4.80%
$602.7m

1YR Return
(View Total Returns)

Manager Tenure

11.10%
7yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.42
1.33%

Inception Date 25-Jan-2006

Performance figures calculated in USD

31-Jan-2021 - Arif Husain, Head of International Fixed Income,
Despite vaccine delays, financial conditions are positive for a recovery in the medium term. The prospect of more fiscal packages and higher inflation could also lead to steeper developed market yield curves. The ongoing impact of lockdowns and the unevenness of the recovery ahead remain key headwinds, however. Overall, flexibility will be key in 2021, and our ability to adapt quickly against the backdrop of an uncertain recovery can help navigate this period.
Arif Husain, CFA
Arif Husain, CFA, Co-Portfolio Manager

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.

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SICAV

Global High Income Bond Fund

A concentrated, high-income portfolio of primarily global high yield corporate bond opportunities supported by stringent risk management.

ISIN LU1216622644 WKN A14UB3

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

5.05%
$937.3m

1YR Return
(View Total Returns)

Manager Tenure

2.66%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.13
2.62%

Inception Date 04-Jun-2015

Performance figures calculated in USD

31-Jan-2021 - Michael Della Vedova, Portfolio Manager ,
Over the medium term, we believe continued monetary and fiscal stimulus could create significant support to the high yield market. Looking further out, we expect a diverse allocation to global high yield markets has the potential to generate strong risk-adjusted performance. Along with our rigorous fundamental research process, we believe this flexible approach will be crucial in the months ahead as different policy responses to the coronavirus play out.
Michael Della Vedova
Michael Della Vedova, Co-Portfolio Manager

Mike Della Vedova is a global high yield portfolio manager in the Fixed Income Division. He is a portfolio manager for the Europe High Yield Bond Strategy and co-portfolio manager for the Global High Yield Bond Fund and Global High Income Bond Strategy. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

 

SICAV

Global High Yield Bond Fund

Seeks to capture enhanced returns from a diversified global portfolio of income bearing, high yield securities.

ISIN LU0133083492 WKN 767352

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

5.09%
$1.4b

1YR Return
(View Total Returns)

Manager Tenure

4.70%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.80
1.50%

Inception Date 04-Mar-2002

Performance figures calculated in USD

31-Jan-2021 - Michael Della Vedova, Portfolio Manager,
We are still finding value in corners of the market where companies can benefit from a gradual reopening of the economy or from vaccine rollouts. A fair amount of cash remains on the sidelines and, in our view, high yield is one of the few fixed income market segments offering meaningful income. We believe this dynamic could continue to drive strong demand for high yield bonds and further spread tightening over the coming months.
Michael Della Vedova
Michael Della Vedova, Portfolio Manager

Mike Della Vedova is a global high yield portfolio manager in the Fixed Income Division. He is a portfolio manager for the Europe High Yield Bond Strategy and co-portfolio manager for the Global High Yield Bond Fund and Global High Income Bond Strategy. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

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SICAV

Global Investment Grade Corporate Bond Fund

Seeks to maximise returns through investment in a portfolio of global corporate bonds.

ISIN LU1216623295 WKN A14UB6

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

5.46%
$44.9m

1YR Return
(View Total Returns)

Manager Tenure

3.21%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.01
2.27%

Inception Date 08-Jun-2015

Performance figures calculated in USD

31-Jan-2021 - Steven Boothe, Portfolio Manager,
Accommodative monetary policy and the prospect of more fiscal stimulus are positives for the asset class. However, challenges remain, and ongoing lockdown measures coupled with delays in rolling out vaccines could weigh on the near-term outlook. There is also a question as to how much of the rebound has already been factored in. We therefore remain cautious given the limited scope for spread tightening, focusing on our fundamental research to uncover opportunities.
Steve Boothe, CFA
Steve Boothe, CFA, Portfolio Manager

Steve Boothe is the head of Global Investment Grade Corporate Bonds and a portfolio manager in the Fixed Income Division. He has lead portfolio management responsibilities for the Global Investment Grade Corporate Bond and US Investment Grade Corporate Bond Strategies. He is a member of the Global Multi-Sector and U.S. Taxable Bond teams, with a focus on global and U.S. investment-grade corporate bond portfolios. Steve is a co-president and cochair of the Investment Advisory Committee of the Corporate Income Fund, an executive vice president of the Multi-Sector Account Portfolios, a vice president and Investment Advisory Committee member of the New Income and Global Multi-Sector Bond Funds, and a vice president of the Global, Institutional Income, and International Funds. He also is the Investment Advisory Committee chairman of the Investment-Grade Corporate Multi-Sector Account Portfolio and a member of the Dynamic Credit, Institutional Long Duration Credit, International Disciplined Equity, and Institutional International Disciplined Equity Funds. Steve is a member of the Fixed Income Steering and Global Trading Committees. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

 
 

Europe Fixed Income

SICAV

Euro Corporate Bond Fund

A diversified investment grade corporate fund with a focus on security selection.

ISIN LU0133091248 WKN 767364

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

3.05%
€261.4m

1YR Return
(View Total Returns)

Manager Tenure

2.51%
17yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.64
0.90%

Inception Date 05-Feb-2002

Performance figures calculated in EUR

31-Jan-2021 - David Stanley, Portfolio Manager,
The potential for further tightening of coronavirus restrictions and the European Union’s vaccine rollout delays could suppress economic activity in the near term. Given historically tight valuations, this could lead to modest spread widening in the asset class. However, while there may be short-term bouts of volatility, a return to normality in the summer is a possibility. Significant widening is therefore only expected if the outbreak materially deteriorates or vaccine rollout is derailed.
David Stanley
David Stanley, Portfolio Manager

David Stanley is a portfolio manager in the Fixed Income Division at T. Rowe Price, responsible for European corporate bond selection. Mr. Stanley is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.

 

SICAV

European High Yield Bond Fund

Research-driven, targeting consistent high income.

ISIN LU0596125814 WKN A1JK51

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

2.67%
€217.3m

1YR Return
(View Total Returns)

Manager Tenure

4.20%
9yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.48
2.04%

Inception Date 20-Sep-2011

Performance figures calculated in EUR

31-Jan-2021 - Michael Della Vedova, Portfolio Manager,
We believe the European Central Bank’s highly accommodative policy stance and announcement of new measures in December provide strong fundamental support for European corporate markets, including high yield. However, we are mindful of valuations given how much spreads have tightened since March. As conditions start to stabilise we anticipate the possibility of more challenged and complex credit stories to outperform. In this environment, we believe fundamental research and individual security selection remain imperative.
Michael Della Vedova
Michael Della Vedova, Portfolio Manager

Mike Della Vedova is a global high yield portfolio manager in the Fixed Income Division. He is a portfolio manager for the Europe High Yield Bond Strategy and co-portfolio manager for the Global High Yield Bond Fund and Global High Income Bond Strategy. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

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Emerging Markets Fixed Income

SICAV

Emerging Local Markets Bond Fund

Research-driven investment in emerging market local currency sovereign bonds.

ISIN LU0310189781 WKN A0M1XQ

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

1.08%
$134.9m

1YR Return
(View Total Returns)

Manager Tenure

4.51%
8yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.36
1.66%

Inception Date 09-Aug-2007

Performance figures calculated in USD

31-Jan-2021 - Andrew Keirle, Portfolio Manager,
While uncertainty about vaccines and tightened restrictions came to the forefront in January, we retain a relatively optimistic view about emerging market (EM) local bonds. We believe vaccine rollouts could facilitate a broader economic recovery, supporting EM assets over the medium term. Financial conditions also continue to be supportive for the asset class and EM currencies remain attractive on a relative value basis despite the recent weakness.
Andrew Keirle
Andrew Keirle, Portfolio Manager

Andrew Keirle is a senior portfolio manager in the Fixed Income Division and a member of the Global Fixed Income Investment Team. Mr. Keirle is the lead portfolio manager for the Emerging Markets Local Currency Bond Strategy and has important input on a number of emerging markets bond strategies and global fixed income strategies. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.

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SICAV

Emerging Markets Bond Fund

Active investment in mainly sovereign emerging-market bonds.

ISIN LU0207127753 WKN A0DP3A

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

2.39%
$278.6m

1YR Return
(View Total Returns)

Manager Tenure

-0.52%
16yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.11
3.44%

Inception Date 31-Dec-2004

Performance figures calculated in USD

31-Jan-2021 - Michael Conelius, Portfolio Manager ,
While the world economic slowdown and health care crisis have weighed on fundamentals in emerging markets, we remain encouraged by fiscal and monetary steps taken to support the recovery in global economic activity. However, valuations have recently moderated and the global recovery remains fragile amid persisting COVID-19 risk. Moreover, future rising inflation and interest rates is a potential headwind. As a result, our current outlook and posture is relatively balanced, although we still out-carry our benchmark.
Michael J.  Conelius, CFA
Michael J. Conelius, CFA, Co-Portfolio Manager

Michael Conelius is a portfolio manager in the International Fixed Income Division. He co-manages the Emerging Markets Bond and the Institutional Emerging Markets Bond Funds and is chairman of each fund’s Investment Advisory Committee. Michael is an executive vice president of the Global Funds and International Funds, a vice president and an Investment Advisory Committee member of the Global Multi-Sector Bond Fund, a vice president of the Institutional Income Funds and Multi-Sector Account Portfolios, and a member of the Distressed Advisory Committee. He also is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., T. Rowe Price Trust Company, and T. Rowe Price International Ltd.

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SICAV

Emerging Markets Corporate Bond Fund

Accessing diversified emerging market corporate debt.

ISIN LU0596126465 WKN A1JA8L

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

5.97%
$272.9m

1YR Return
(View Total Returns)

Manager Tenure

5.17%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.23
2.19%

Inception Date 18-May-2011

Performance figures calculated in USD

31-Jan-2021 - Samy Muaddi, Portfolio Manager ,
The global economic slowdown has weighed on corporate fundamentals in emerging markets; however, we remain encouraged by the fiscal and monetary steps taken by both developed and emerging nations to support the recovery. The high carry profile of emerging markets corporate debt should continue to attract investors in an environment of record-low global yields and elevated equity valuations. That said, COVID-19 remains a risk to the global economic recovery, balancing out our view.
Samy Muaddi, CFA
Samy Muaddi, CFA, Co-Portfolio Manager

Samy Muaddi is a portfolio manager in the International Fixed Income Division. He is the lead manager of the Emerging Markets Corporate Bond Strategy and co-manages the Emerging Markets Bond and Global High Income Bond Strategies. He previously managed the firm’s Asia Credit Bond Strategy from its inception until 2020. Samy also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

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US Fixed Income

SICAV

US Aggregate Bond Fund

Seeks to extract return from a broad spectrum of US debt securities.

ISIN LU0181329318 WKN A0CAFC

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

5.18%
$446.5m

1YR Return
(View Total Returns)

Manager Tenure

4.55%
9yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.01
1.57%

Inception Date 07-Jun-2011

Performance figures calculated in USD

31-Jan-2021 - Brian J. Brennan, Portfolio Manager,
While the economic outlook remains positive, growth will likely slow in the near term but may still exceed low expectations. Bouts of volatility should provide opportunities. Credit valuations are broadly less attractive following an extended rally, but substantial monetary liquidity and additional fiscal stimulus could dampen volatility. We continue to look to earn yield in the portfolio, and there are still pockets of the market that were hard hit by the pandemic and offer value.
Brian Brennan, CFA
Brian Brennan, CFA, Portfolio Manager

Brian Brennan is a portfolio manager in the Fixed Income Division. He has lead portfolio management responsibilities for the US Treasury, US Investment Grade Core Bond, US Core Plus Bond, and Stable Value Strategies. He also is a member of the portfolio strategy team for T. Rowe Price's investment-grade core and core plus mandates. Brian is the president of the U.S. Treasury Funds, Inc.; an executive vice president of the Institutional Income Funds, Inc.; a vice president of the Multi-Sector Account Portfolios, Inc.; and a vice president and Investment Advisory Committee member of the GNMA, Inflation Protected Bond, New Income, Limited Duration Inflation Focused Bond, Total Return, and QM U.S. Bond Index Funds. Brian also is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., T. Rowe Price International Ltd, and T. Rowe Price Trust Company.

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Multi-Asset

SICAV

Global Allocation Extended Fund

Invests in a broadly diversified global portfolio of investments including developed and emerging market equities, a wide range of global developed and emerging market fixed income strategies, plus various diversifying strategies providing exposure to hedge funds, currency hedging, and equity index call writing.

ISIN LU1614212279 WKN A2DU70

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

8.32%
$47.6m

1YR Return
(View Total Returns)

Manager Tenure

15.11%
3yrs

Inception Date 26-Jul-2017

Performance figures calculated in USD

Charles M.  Shriver, CFA
Charles M. Shriver, CFA, Co-Portfolio Manager

Charles Shriver is the portfolio manager of the Global Allocation, Balanced, and Spectrum Funds, and he is cochair of the Asset Allocation Committee. Charles is a vice president of T. Rowe Price Group, Inc.

 

SICAV

Global Allocation Fund

Invests in a broadly diversified global portfolio of investments including developed and emerging market equities, a wide range of global developed and emerging market fixed income strategies, plus various diversifying strategies providing exposure to hedge funds, currency hedging, and equity index call writing.

ISIN LU1417861645 WKN A2ANZK

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

8.24%
$73.3m

1YR Return
(View Total Returns)

Manager Tenure

14.98%
4yrs

Information Ratio
(3 Years)

Tracking Error
(3 Years)

0.22
2.14%

Inception Date 08-Jul-2016

Performance figures calculated in USD

Charles M.  Shriver, CFA
Charles M. Shriver, CFA, Co-Portfolio Manager

Charles Shriver is the portfolio manager of the Global Allocation, Balanced, and Spectrum Funds, and he is cochair of the Asset Allocation Committee. Charles is a vice president of T. Rowe Price Group, Inc.