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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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Past performance is not a reliable indicator of future performance.


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.

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

Tracking Error
(5 Years)


1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)


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.



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%


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%
Selection 0.18%

Top Detractor^

United States
Net Contribution -0.45%


Quarterly Data as of 30-Sep-2021

Largest Overweight

Pacific Ex Japan
Portfolio 6.82%
Benchmark 3.28%

Largest Underweight

North America
Portfolio 61.70%
Benchmark 70.63%

Monthly Data as of 30-Sep-2021


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

Portfolio 3.60%
Benchmark 0.01%

Largest Underweight

United States
Portfolio 59.84%
Benchmark 67.40%

Monthly Data as of 30-Sep-2021