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)

6.79%
$32.6m

1YR Return
(View Total Returns)

Manager Tenure

8.81%
3yrs

Inception Date 26-Jul-2017

Performance figures calculated in USD

Other Literature

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.

 

Strategy

Investment Objective

To maximise the value of its shares, over the long term, through both growth in the value of, and income from, its investments.

Investment Approach

  • The Fund seeks long-term capital appreciation and income. The Fund blends active security selection and asset allocation positioning in a broadly diversified global portfolio of stocks, bonds, cash, and alternatives across sectors, regions, and market capitalizations.
  • The Fund’s broad opportunity set includes developed and emerging market equities, a wide range of global developed and emerging market fixed income strategies across sectors and credit quality, plus various diversifying strategies providing exposure to hedge funds, currency hedging, real asset equities, and an equity index-option strategy.
  • The Fund has the ability to utilize tactical asset allocation within defined ranges for each asset class or sector to potentially capitalize on a variety of global market environments.
  • Sources of value added:
    • Portfolio Design: Strategic allocation that is diversified across asset classes and sectors with low correlations to dampen volatility and includes investments that have the potential to enhance long-term returns.
    • Tactical Asset Allocation: The Asset Allocation Committee makes tactical decisions to overweight or underweight asset classes and sectors based on a 6-18 month investment horizon.
    • Fundamentally-Driven Security Selection: Underlying portfolio managers select individual securities leveraging the T. Rowe Price global research platform of approximately 200 fundamental equity and credit analysts.
  • The Fund is subject to the unique risks of international investing, including unfavorable currency exchange rates and political or economic uncertainty abroad. To the extent the fund has investments in emerging market countries; it will be subject to abrupt and severe price declines. The portfolio’s investments in alternative investments and hedge funds are difficult to value and monitor when compared with more traditional investments, and may increase the fund’s liquidity risks. Diversification cannot assure a profit or protect against loss in a declining market. Derivatives are used in the fund for selective market exposures.

Portfolio Construction

  • The Fund’s long-term strategic neutral asset allocation is 60% stocks, 30% bonds and cash, and 10% alternative investments and has an allocation to diversifying strategies seeking to enhance the risk and return profile of the portfolio through sources of less correlated returns and diversified sources of income.
  • Approximately 40% of the Fund’s investments are in international stocks and bonds, representing both developed and emerging markets.
  • An allocation to global equities is designed to capture the breadth of global investing opportunities with approximately 50% of the equity allocation in international equities.
  • An allocation to global fixed income markets, with one-third in international bonds, designed to emphasize specific attributes that contribute to the overall portfolio across a range of economic environments.

Performance (Class I)

Annualised Performance

  1 YR 3 YR
Annualised
5 YR
Annualised
Since Inception
Annualised
Since Manager Inception
Annualised
Fund % 8.81% 6.79% N/A 6.86% 6.86%
Indicative Benchmark % 8.00% 6.81% N/A 6.89% 6.89%
Excess Return % 0.81% -0.02% N/A -0.03% -0.03%

Inception Date 26-Jul-2017

Manager Inception Date 26-Jul-2017

Indicative Benchmark: Custom Benchmark - WB for Global Allocation Extended Fund SICAV

Data as of  30-Sep-2020

Performance figures calculated in USD

  1 YR 3 YR
Annualised
5 YR
Annualised
Since Inception
Annualised
Fund % 8.81% 6.79% N/A 6.86%
Indicative Benchmark % 8.00% 6.81% N/A 6.89%
Excess Return % 0.81% -0.02% N/A -0.03%

Inception Date 26-Jul-2017

Indicative Benchmark: Custom Benchmark - WB for Global Allocation Extended Fund SICAV

Data as of  30-Sep-2020

Performance figures calculated in USD

Recent Performance

  Month to DateData as of 23-Oct-2020 Quarter to DateData as of 23-Oct-2020 Year to DateData as of 23-Oct-2020 1 MonthData as of 30-Sep-2020 3 MonthsData as of 30-Sep-2020
Fund % 2.67% 2.67% 5.93% -1.91% 6.28%
Indicative Benchmark % 1.80% 1.80% 4.88% -1.85% 5.08%
Excess Return % 0.87% 0.87% 1.05% -0.06% 1.20%

Inception Date 26-Jul-2017

Indicative Benchmark: Custom Benchmark - WB for Global Allocation Extended Fund SICAV

Indicative Benchmark: Custom Benchmark - WB for Global Allocation Extended Fund SICAV

Performance figures calculated in USD

Past performance is not a reliable indicator of future performance.  Source for fund performance: T. Rowe Price. Fund performance is calculated using the official NAV with dividends reinvested, if any. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested. It will be affected by changes in the exchange rate between the base currency of the fund and the subscription currency, if different. Sales charges (up to a maximum of 5% for the A Class), taxes and other locally applied costs have not been deducted and if applicable, they will reduce the performance figures. 

Where the base currency of the fund differs from the share class currency, exchange rate movements may affect returns.

For any equity benchmarks shown, returns are shown with gross dividends reinvested, unless otherwise noted.

Asset Allocation

Net Assets
(USD)
$32.6m
Largest Category Global ex-US Stock 35.69% $11.7m US Stock Global ex-US Bonds US Bonds Reserves Convertibles Preferred Options
View complete Asset Allocation

Monthly Data as of 30-Sep-2020

Holdings

Total
Holdings
635
Largest Holding TRP SICAV Global Aggregate Bond-S 12.32% Was (30-Jun-2020) 12.00%
Other View Full Holdings Quarterly data as of 30-Sep-2020

Total Equity

Holdings

623
% of fund 68.35%

Total Fixed Income

Holdings

5
% of fund 28.04%

Quarterly Data as of 30-Sep-2020

Sectors

Total
Sectors - Equity Only
12
Largest Sector Information Technology 17.43% Was (31-Aug-2020) 17.04%
Other View complete Sector Diversification

Monthly Data as of 30-Sep-2020

Indicative Benchmark: Morningstar Global Allocation Index

Largest Overweight - Equity Only

Information Technology
By17.43%
Fund 17.43%
Indicative Benchmark 0.00%

Largest Underweight - Equity Only

N/A

Monthly Data as of 30-Sep-2020

Total
Sectors - Fixed Income Only
11
Largest Sector Non-US$ Denominated 49.67% Was (31-Aug-2020) 47.11%
Other View complete Sector Diversification

Monthly Data as of 30-Sep-2020

Indicative Benchmark: Morningstar Global Allocation Index

Largest Overweight - Fixed Income Only

Non-US$ Denominated
By49.67%
Fund 49.67%
Indicative Benchmark 0.00%

Largest Underweight - Fixed Income Only

N/A

Monthly Data as of 30-Sep-2020

Team (As of 01-Oct-2020)

Charles M.  Shriver, CFA

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.

Charles’s investment experience began in 1999 when he joined the Multi-Asset Division and he has been with T. Rowe Price since 1991.

Charles earned a B.A. in economics and rhetoric/communications studies from the University of Virginia. He also earned an M.S.F. from Loyola University Maryland, and a graduate diploma in public economics from Stockholm University. Charles also has earned the Chartered Financial Analyst® designation.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

  • Fund manager
    since
    2017
  • Years at
    T. Rowe Price
    28
  • Years investment
    experience
    21
Toby M. Thompson, CFA, CAIA

Toby Thompson is a portfolio manager in the Multi-Asset Division. He is a co-portfolio manager of the Balanced Fund, Global Allocation Funds, Moderate Allocation Portfolio, Spectrum Funds, ActivePlus® Portfolios, and Managed Volatility Strategies. Toby is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

Toby’s investment experience began in 1994, and he has been with T. Rowe Price since 2010, beginning in the retirement plan services group. Prior to this, Toby was employed by I.A.M. as director of investments of the National Pension Fund. He also was a principal with Brown Investment Advisory, where he worked in fixed income research, served as director of open architecture and asset allocation, and was a member of the firm's Strategic Investment Committee.

Toby earned a B.S. in business and economics from Towson University and an M.B.A. from Loyola University Maryland. Toby also has earned the Chartered Financial Analyst® and Chartered Alternative Investment Analyst designations. Toby is a former chairman of the National Aquarium Foundation in Baltimore.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

  • Fund manager
    since
    2020
  • Years at
    T. Rowe Price
    10
  • Years investment
    experience
    27
Matthew Ko, CFA

Matthew Ko is a portfolio specialist in the Multi-Asset Division. He is the proxy portfolio manager for the suite of target risk asset allocation products and communicates the firm's global capital markets outlook and asset allocation viewpoints. Matt is a vice president of T. Rowe Price Group, Inc. 

Matt’s investment experience began in 2001, and he has been with T. Rowe Price since 2016, beginning in the Investment Specialists Group. Prior to this, Matt was employed by Putnam Investments where he was the primary liaison between portfolio managers, research analysts, and clients. He also worked alongside the product management team to further develop and launch new products. 

Matt earned a B.B.A. in finance from James Madison University. Matt also has earned the Charted Financial Analyst® (CFA) designation. He is a member of the CFA Society of Washington, D.C.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

  • Years at
    T. Rowe Price
    4
  • Years investment
    experience
    19

Fee Schedule

Share Class Minimum Initial Investment and Holding Amount (USD) Minimum Subsequent Investment (USD) Minimum Redemption Amount (USD) Sales Charge (up to) Investment Management Fee (up to) Ongoing Charges
Class A $1,000 $100 $100 5.00% 140 basis points 1.73%
Class I $2,500,000 $100,000 $0 0.00% 65 basis points 0.75%
Class Q $1,000 $100 $100 0.00% 65 basis points 0.98%

Please note that the Ongoing Charges figure is inclusive of the Investment Management Fee and is charged per annum.

Download

Latest Date Range
Audience for the document: Share Class: Language of the document:
Download Cancel

Download

Share Class: Language of the document:
Download Cancel
Sign in to manage subscriptions for products, insights and email updates.
Continue with sign in?
To complete sign in and be redirected to your registered country, please select continue. Select cancel to remain on the current site.
Continue Cancel
Once registered, you'll be able to start subscribing.

Change Details

If you need to change your email address please contact us.
Subscriptions
OK
You are ready to start subscribing.
Get started by going to our products or insights section to follow what you're interested in.

Products Insights

GIPS® Information

T. Rowe Price ("TRP") claims compliance with the Global Investment Performance Standards (GIPS®). TRP has been independently verified for the twenty one- year period ended June 30, 2017 by KPMG LLP. The verification report is available upon request. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm's policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. Verification does not ensure the accuracy of any specific composite presentation.

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

Other Literature

You have successfully subscribed.

Notify me by email when
regular data and commentary is available
exceptional commentary is available
new articles become available

Thank you for your continued interest