SICAV
Global Value Equity Fund
Targeting attractively valued global companies with prospects for improving earnings growth.
3YR Return Annualised
(View Total Returns)
Total Assets
(USD)
1YR Return
(View Total Returns)
Manager Tenure
Information Ratio
(5 Years)
Tracking Error
(5 Years)
Inception Date 28-Nov-2012
Performance figures calculated in USD
Strategy
Investment Objective
To increase the value of its shares, over the long term, through growth in the value of its investments. The fund invests mainly in a widely diversified portfolio of undervalued stocks of companies anywhere in the world, including emerging markets.Investment Approach
- Diversified portfolio investing in companies located throughout the globe.
- Emphasize attractively valued companies with prospects for improving earnings growth.
- 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 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%
Performance (Class I)
Annualised Performance
1 YR | 3 YR Annualised |
5 YR Annualised |
Since Inception Annualised |
Since Manager Inception Annualised |
|
---|---|---|---|---|---|
Fund % | 10.61% | 5.70% | 9.06% | 10.36% | 10.36% |
Indicative Benchmark % | 15.90% | 10.54% | 12.19% | 11.47% | 11.47% |
Excess Return % | -5.29% | -4.84% | -3.13% | -1.11% | -1.11% |
1 YR | 3 YR Annualised |
5 YR Annualised |
Since Inception Annualised |
|
---|---|---|---|---|
Fund % | 10.61% | 5.70% | 9.06% | 10.36% |
Indicative Benchmark % | 15.90% | 10.54% | 12.19% | 11.47% |
Excess Return % | -5.29% | -4.84% | -3.13% | -1.11% |
Recent Performance
Month to DateData as of 22-Jan-2021 | Quarter to DateData as of 22-Jan-2021 | Year to DateData as of 22-Jan-2021 | 1 MonthData as of 31-Dec-2020 | 3 MonthsData as of 31-Dec-2020 | |
---|---|---|---|---|---|
Fund % | 3.74% | 3.74% | 3.74% | 3.79% | 19.87% |
Indicative Benchmark % | 2.49% | 2.49% | 2.49% | 4.24% | 13.96% |
Excess Return % | 1.25% | 1.25% | 1.25% | -0.45% | 5.91% |
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.
Index returns shown with reinvestment of dividends after the deduction of withholding taxes.
Effective 1 July 2018, the "net" version of the indicative benchmark replaced the "gross" version of the indicative benchmark. The "net" version of the indicative benchmark assumes the reinvestment of dividends after the deduction of withholding taxes applicable to the country where the dividend is paid; as such, the returns of the new benchmark are more representative of the returns experienced by investors in foreign issuers. Historical benchmark performance has been restated accordingly.
Holdings
Total
Holdings
98
Largest Top Contributor^
JPMorgan Chase
By 0.01%Largest Top Detractor^
AstraZeneca
By -0.12%Top Purchase
Wells Fargo (N)
1.10%Top Sale
Kimberly-Clark (E)
0.00%Sectors
Total
Sectors
11
Top Contributor^
Information Technology
Net Contribution 2.39%Top Detractor^
Consumer Discretionary
Net Contribution -0.02%Largest Overweight
Financials
Largest Underweight
Information Technology
Regions
Total
Regions
5
Top Contributor^
United States
Net Contribution 3.72%Top Detractor^
Latin America
Net Contribution -0.13%Largest Overweight
Pacific Ex Japan
Largest Underweight
North America
Countries
Total
Countries
20
Largest Overweight
China
Largest Underweight
United States
Team (As of 15-Jan-2021)

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.
Mr. Mallet has 19 years of investment experience, 14 of which have been at T. Rowe Price. Prior to joining the firm in 2005, he was a telecom banker at Credit Suisse First Boston in the Tokyo and London offices. Mr. Mallet started his career as a financial analyst with France Telecom, based in Guangzhou, China, and Madrid, Spain.
Mr. Mallet earned an M.A., with honours, in finance from the University of Paris and an M.B.A. from the London Business School.
- Fund manager2012
since - Years at15
T. Rowe Price - Years investment19
experience
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% | 160 basis points | 1.77% |
Class I | $2,500,000 | $100,000 | $0 | 0.00% | 75 basis points | 0.85% |
Please note that the Ongoing Charges figure is inclusive of the Investment Management Fee and is charged per annum.
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.