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Global Equity

SICAV

Global Focused Growth Equity Fund

Concentrating high conviction positions in leading global investment prospects.

ISIN LU0143563046 Bloomberg TRPGEQI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

16.57%
$1.6b

1YR Return
(View Total Returns)

Manager Tenure

7.89%
6yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

1.01
5.62%

Inception Date 12-Jan-2006

Performance figures calculated in USD

Other Literature

31-Jul-2019 - David J. Eiswert, Portfolio Manager,
Broadly speaking, stocks appear reasonably valued given the continuation of an exceedingly low interest rate environment and relatively slow global growth. As the U.S. election cycle gathers pace, we expect the political rhetoric to intensify and this may have the effect of generating additional volatility in markets. In turn, this may provide some potential for opportunistic stock selection.
David J. Eiswert
David J. Eiswert, 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 Bloomberg TRGBLEI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

14.71%
$461.2m

1YR Return
(View Total Returns)

Manager Tenure

6.56%
10yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.79
4.07%

Inception Date 27-Oct-2008

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Scott Berg, Portfolio Manager,
We remain cautiously optimistic about global equity markets heading into the second half of this year, although a number of challenges exist. In our view, the world economy is far from a recession; however, failure to resolve the trade conflict between the U.S. and China has the potential to weigh on global growth and is a risk to our outlook. That said, we continue to have a positive view on the companies we own.
R. Scott Berg
R. Scott Berg, Lead 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 Bloomberg TRPGNRI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

2.52%
$212.7m

1YR Return
(View Total Returns)

Manager Tenure

-10.38%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.05
4.36%

Inception Date 15-Nov-2006

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Shawn T. Driscoll, Portfolio Manager,
We believe the global commodities market is in middle of a long-term, secular downcycle. Although countercyclical rallies in oil prices can occur, we believe any periods of outperformance will likely be brief, due to a declining cost curve and the disruptive effects of short-cycle shale production. Nevertheless, we continue to find pockets of opportunity in several areas of the market.
Shawn T.  Driscoll
Shawn T. Driscoll, Portfolio Manager

Shawn Driscoll is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He is the portfolio manager for the Global Natural Resources Strategy and is president and chairman of its Investment Advisory Committee. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, 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 Bloomberg TRGRESI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

1.48%
$10.6m

1YR Return
(View Total Returns)

Manager Tenure

6.48%
4yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.44
2.74%

Inception Date 27-Oct-2008

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Nina Jones, Portfolio Manager,
Overall, the fundamental backdrop remains supportive. The U.S. Federal Reserve’s more dovish tone and its shift toward data dependent monetary policy suggest that we could have lower interest rates for longer. This scenario would be beneficial for real estate investors. In addition, we believe many real estate companies are well positioned to weather market volatility as they are operating with lower debt levels and more retained free cash flow than in the past.
Nina P.  Jones
Nina P. Jones, Portfolio Manager

Nina Jones is the lead portfolio manager for the T. Rowe Price Global Real Estate Strategy and is chairman of its Investment Advisory Committee. She is a vice president and an Investment Advisory Committee member of the Global Growth Stock, Capital Appreciation, and Financial Services Strategies. Mrs. Jones is a vice president of T. Rowe Price Group, Inc.

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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 Bloomberg TRGBTEI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

19.61%
$993.7m

1YR Return
(View Total Returns)

Manager Tenure

7.59%
<1yr

Information Ratio
(3 Years)

Tracking Error
(3 Years)

-0.21
8.46%

Inception Date 15-Jun-2015

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Alan Tu, Portfolio Manager ,
We believe that many of the technology sector’s secular growth trends—including software as a service, e-commerce, big data, and artificial intelligence—remain in play. However, we continue to monitor the trade tensions between the U.S. and China and their implications for the technology sector. We believe that our emphasis on secular growth stories should help to insulate the businesses in which we have invested from any economic fallout from these trade frictions.
Alan Tu
Alan Tu, Portfolio Manager

Alan Tu is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He is president of the Investment Advisory Committee of the Global Technology Equity Strategy. Previously, he was an investment analyst following software companies in the technology sector. Mr. Tu is a vice president and an Investment Advisory Committee member of the U.S. Small Cap Growth and Science & Technology Strategies. He 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 Bloomberg TRPGVEI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

7.35%
$35.6m

1YR Return
(View Total Returns)

Manager Tenure

-0.91%
6yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.64
3.20%

Inception Date 28-Nov-2012

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Sebastien Mallet, Portfolio Manager,
Despite some risks, we see enough upside to retain a gently positive outlook for global equity markets and continue to concentrate on selecting companies with strong free cash flow generation not yet fully appreciated by the market and with the scope to increase shareholder returns. Given our robust research platform and collective experience, we are confident in our ability to find these unique opportunities before their potential for substantial prosperity becomes obvious to other investors.
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 Bloomberg TRPEXEI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

9.33%
€112.2m

1YR Return
(View Total Returns)

Manager Tenure

5.24%
10yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.42
3.64%

Inception Date 26-Feb-2007

Performance figures calculated in EUR

Other Literature

31-Jul-2019 - Dean Tenerelli, Portfolio Manager,
European markets are likely to be more volatile in 2019 than last year, given the removal of economic stimulus, slowing growth, and geopolitical risks. Analysts have continued to downgrade earnings forecasts, even though earnings exceeding expectations in the second quarter rose to the most in more than two years. While valuations are near their historical averages after the market rally at the start of the year, we are still finding a wider range of investments.
Dean Tenerelli
Dean Tenerelli, Portfolio Manager

Dean Tenerelli is portfolio manager in the Equity Division at T. Rowe Price. He manages the Europe Equity Strategy, a position he has held since October 2005, and is chairman of its Investment Advisory Committee. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.

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SICAV

Emerging Europe Equity Fund

High-conviction fund invested in developing Europe.

ISIN LU0382934197 Bloomberg TRPEEMI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

10.50%
€7.8m

1YR Return
(View Total Returns)

Manager Tenure

14.99%
4yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.19
6.03%

Inception Date 11-Nov-2008

Performance figures calculated in EUR

Other Literature

31-Jul-2019 - Ulle Adamson, Portfolio Manager,
Energy-heavy Russia has shown robust performance so far in 2019. The oil price has been a helpful factor, but economic growth has been fairly muted and is likely to remain so as the oil price has not fed through into increased fixed investment and the government maintains a conservative fiscal policy. We maintain confidence in our domestic Russian names due to their specific market positioning or niche growth categories.
Ulle Adamson
Ulle Adamson, Portfolio Manager

Ulle Adamson is a portfolio manager in the Equity Division at T. Rowe Price. She is the portfolio manager for the Emerging Europe Equity Strategy. Ms. Adamson is a vice president and an Investment Advisory Committee member of the Emerging Markets Equity Strategy and Emerging Markets Discovery Equity Strategy. She is a vice president of T. Rowe Price Group, Inc. and 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 Bloomberg TRPEEQI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

6.67%
€130.2m

1YR Return
(View Total Returns)

Manager Tenure

4.02%
10yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.05
3.94%

Inception Date 26-Feb-2007

Performance figures calculated in EUR

Other Literature

31-Jul-2019 - Dean Tenerelli, Portfolio Manager,
European markets are likely to be more volatile in 2019 than last year, given the removal of economic stimulus, slowing growth, and geopolitical risks. Analysts have continued to downgrade earnings forecasts, even though earnings exceeding expectations in the second quarter rose to the most in more than two years. While valuations are near their historical averages after the market rally at the start of the year, we are still finding a wider range of investments.
Dean Tenerelli
Dean Tenerelli, Portfolio Manager

Dean Tenerelli is portfolio manager in the Equity Division at T. Rowe Price. He manages the Europe Equity Strategy, a position he has held since October 2005, and is chairman of its Investment Advisory Committee. He is a vice president of T. Rowe Price Group, Inc. and 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 Bloomberg TPESCEI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

8.53%
€171.0m

1YR Return
(View Total Returns)

Manager Tenure

-14.40%
3yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.29
5.16%

Inception Date 26-Nov-2008

Performance figures calculated in EUR

Other Literature

31-Jul-2019 - Ben Griffiths, Portfolio Manager,
We expect European equities to be more volatile for the remainder of the year, mainly due to uncertainty about central bank intentions, trade policies, and a deterioration in economic fundamentals. Still, the European Central Bank’s accommodative monetary policy stance and two years of improving corporate earnings have supported investor sentiment. While slowing growth has reduced earnings expectations for 2019, they are still moderately positive. Those for the smaller end of the market are slightly more favourable than for large-caps.
Benjamin Griffiths
Benjamin Griffiths, Portfolio Manager

Ben Griffiths is the portfolio manager for the European Smaller Companies Strategy and undertakes investment analysis covering European small-cap stocks. Mr. Griffiths 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 Bloomberg TRPESRI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

6.33%
€8.1m

1YR Return
(View Total Returns)

Manager Tenure

0.98%
14yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.45
1.77%

Inception Date 07-Jan-2005

Performance figures calculated in EUR

Other Literature

31-Jul-2019 - Mitchell Todd, Portfolio Manager,
European shares ended little changed in July, with markets still prey to concerns about the impact of trade disputes on economic growth and central bank policy intentions. Seven of the 11 sector components of the index rose, led by consumer staples. Health care, consumer discretionary and utilities also made decent gains. Materials, energy and financials fell. Industrials were little changed.
Ann Holcomb
Ann Holcomb, Co-Portfolio Manager

Ann Holcomb is a portfolio manager in the U.S. Equity Division of T. Rowe Price and head of the Associate Analyst Program . Ms. Holcomb is cochair of the Investment Advisory Committee of the US Structured Research Strategy. She also is portfolio manager of the European Structured Research Strategy. Ms. Holcomb 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 Bloomberg TRPAXJI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

9.31%
$586.9m

1YR Return
(View Total Returns)

Manager Tenure

0.64%
10yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.16
3.80%

Inception Date 13-Dec-2006

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Anh Lu, Portfolio Manager,
Trade policy remains a key risk for China; however, we think that full-blown stimulus measures to counter the growth slowdown are unlikely. Instead, policymakers may look for more targeted options to support the economy. In terms of the overall region, we remain constructive about the long-term prospects for equities, even if a resolution in the trade conflict between the U.S. and China may take a while to materialise.
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 Bloomberg TRAOAEI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

12.08%
$53.8m

1YR Return
(View Total Returns)

Manager Tenure

3.04%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.78
4.30%

Inception Date 21-May-2014

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Eric C. Moffett, Portfolio Manager,
We are cognisant of the elevated uncertainty brought about by the ongoing trade conflict and we believe that China will likely implement various measures to stabilize the economy against this backdrop. Despite the risks, we remain constructive about the long-term outlook for Asia ex-Japan. We are focusing more on high-conviction ideas; those high-quality names that can compound earnings, less likely to be affected by macroeconomic issues, and have more attractive risk-reward profiles.
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 Bloomberg TRPJAEI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

8.61%
€1.1b

1YR Return
(View Total Returns)

Manager Tenure

-0.99%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.63
5.93%

Inception Date 16-Dec-2005

Performance figures calculated in EUR

Other Literature

31-Jul-2019 - Archibald Ciganer, Portfolio Manager,
An increasing number of Japanese companies are defying the sceptics by transforming business practices and governance standards. We believe this can support corporate profit growth and generate improving shareholder returns. An environment of modest global growth should continue to help corporate Japan perform well. We are, however, mindful of the trade‑related tensions between the world’s two largest trading partners, China and the U.S., and any escalation here is a key risk.
Archibald Ciganer
Archibald Ciganer, Portfolio Manager

Archibald Ciganer is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Japan, Inc.  As of December 2013, he has been portfolio manager for the Japan Equity Strategy, having previously covered the telecom, transportation, utility, media and consumer sectors as a research analyst in the Equity Division of T. Rowe Price.

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Emerging Markets Equity

SICAV

Emerging Europe Equity Fund

High-conviction fund invested in developing Europe.

ISIN LU0382934197 Bloomberg TRPEEMI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

10.50%
€7.8m

1YR Return
(View Total Returns)

Manager Tenure

14.99%
4yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.19
6.03%

Inception Date 11-Nov-2008

Performance figures calculated in EUR

Other Literature

31-Jul-2019 - Ulle Adamson, Portfolio Manager,
Energy-heavy Russia has shown robust performance so far in 2019. The oil price has been a helpful factor, but economic growth has been fairly muted and is likely to remain so as the oil price has not fed through into increased fixed investment and the government maintains a conservative fiscal policy. We maintain confidence in our domestic Russian names due to their specific market positioning or niche growth categories.
Ulle Adamson
Ulle Adamson, Portfolio Manager

Ulle Adamson is a portfolio manager in the Equity Division at T. Rowe Price. She is the portfolio manager for the Emerging Europe Equity Strategy. Ms. Adamson is a vice president and an Investment Advisory Committee member of the Emerging Markets Equity Strategy and Emerging Markets Discovery Equity Strategy. She is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.

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SICAV

Emerging Markets Equity Fund

Seeking to capture compelling growth opportunities in dynamic emerging markets.

ISIN LU0133084979 Bloomberg TRPGEMI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

10.70%
$2.3b

1YR Return
(View Total Returns)

Manager Tenure

1.90%
10yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.98
3.55%

Inception Date 02-Dec-2003

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Gonzalo Pángaro, Portfolio Manager,
We retain a growth bias with a diversified portfolio of high-quality, well-run growth companies, emphasising our highest-conviction ideas. We think that the market underappreciates the power of compounded growth over multiple years and our intensive research allows us to more clearly see where a company will be in five years. We continue to find good growth opportunities among IT, consumer, and financials stocks, although we see less investment potential in areas of the market such as energy and materials.
Gonzalo Pángaro
Gonzalo Pángaro, Portfolio Manager

Gonzalo Pangaro is the lead portfolio manager for the firm's Emerging Markets Equity Strategy and is chairman of the strategy's Investment Advisory Committee.  Mr. Pangaro assumed portfolio management responsibilities in 2004. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd and a member of the International Equity Steering Committee.

 

SICAV

Emerging Markets Value Equity Fund

Utilises a contrarian approach to invest in undervalued emerging markets companies positioned to benefit from catalysts for change.

ISIN LU1244138340 Bloomberg TREMVEI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

11.96%
$108.7m

1YR Return
(View Total Returns)

Manager Tenure

2.51%
3yrs

Information Ratio
(3 Years)

Tracking Error
(3 Years)

0.87
4.05%

Inception Date 14-Sep-2015

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Ernest Yeung, Portfolio Manager,
We are mindful that the volatility in Emerging Markets (EM) could continue given the unpredictability of the U.S.-China trade conflict. We believe, however, that EM countries are in a better economic position now to weather volatility than any time in the past decade. External balances are in better shape, fiscal discipline is improving, and many countries are pursuing better economic policies. Valuations across most EM regions are also at or below historic averages.
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

Frontier Markets Equity Fund

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

ISIN LU1079765662 Bloomberg TRPFMEI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

7.40%
$261.0m

1YR Return
(View Total Returns)

Manager Tenure

-0.53%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.49
5.23%

Inception Date 24-Jun-2014

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Oliver Bell, Portfolio Manager,
We believe the outlook for frontier markets should continue to improve as several country-level developments currently weighing on markets get resolved. With much of this already reflected in asset prices, markets are primed for an improvement in sentiment, in our view, as three catalysts – elections, MSCI reclassifications and trade and geopolitical developments – play out over the year.
Oliver Bell
Oliver Bell, Portfolio Manager

Oliver Bell is a vice president of T. Rowe Price Group, Inc., associate head of Equity EMEA and the lead portfolio manager and chairman of the Investment Advisory Committee for the T. Rowe Price Middle East & Africa Equity Strategy and the Frontier Markets Equity Strategy. He is a member of the International Equity Steering Committee and a Board member of T. Rowe Price (Luxembourg) Management S.a.r.l.

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SICAV

Latin American Equity Fund

Investing in expanding local companies with quality management and sustainable above-market earnings.

ISIN LU0347065905 Bloomberg TRPLAMI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

10.59%
$9.1m

1YR Return
(View Total Returns)

Manager Tenure

17.67%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.52
5.28%

Inception Date 24-Apr-2008

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Verena Wachnitz, Portfolio Manager,
The long-term outlook for Latin America remains highly attractive, in our view. The growth of the middle classes across the region and political reform are creating opportunities for competent management teams that are nimble enough to seize them. We devote substantial effort to meeting with and assessing company managers through regular travel to Latin America. We are confident that our in-depth research and analysis will enable us to identify companies which offer superior and sustainable earnings growth.
Verena Wachnitz
Verena Wachnitz, Portfolio Manager

Verena Wachnitz is the portfolio manager for the Latin America Equity Strategy. Prior to this, she was an analyst in the Equity Research team, covering the telecom, financials, materials and real estate sectors in Latin America. Ms. Wachnitz 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 Bloomberg TRPMEAI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

7.43%
$5.8m

1YR Return
(View Total Returns)

Manager Tenure

-2.15%
7yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.23
4.34%

Inception Date 04-Sep-2007

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Oliver Bell, Portfolio Manager,
Middle East and Africa markets are making meaningful economic and political improvements and the recent MSCI reclassification cycle is testament to these countries’ potential, in our view. Durable secular growth and low correlation to the global cycle are bringing increasing attention to what have historically been overlooked investment opportunities.
Oliver Bell
Oliver Bell, Portfolio Manager

Oliver Bell is a vice president of T. Rowe Price Group, Inc., associate head of Equity EMEA and the lead portfolio manager and chairman of the Investment Advisory Committee for the T. Rowe Price Middle East & Africa Equity Strategy and the Frontier Markets Equity Strategy. He is a member of the International Equity Steering Committee and a Board member of T. Rowe Price (Luxembourg) Management S.a.r.l.

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US Equity

SICAV

US Blue Chip Equity Fund

Seeking superior returns from high quality US companies.

ISIN LU0133088293 Bloomberg TRPUBCI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

20.04%
$846.8m

1YR Return
(View Total Returns)

Manager Tenure

12.09%
4yrs

Information Ratio
(3 Years)

Tracking Error
(3 Years)

1.09
6.74%

Inception Date 04-May-2015

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Larry J. Puglia, Portfolio Manager,
Overall, we believe positive economic growth, low inflation, and accommodative monetary policies should support financial asset prices in the second half of 2019. The reality is it will largely depend on a resolution of the U.S.-China trade dispute, which is weighing on sentiment and eroding business confidence and capital spending. With all the fits and starts, trade and interest rates remain the two key market factors to watch.
Larry Puglia
Larry Puglia, Lead Portfolio Manager

Larry J. Puglia is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He is president of the Investment Advisory Committee of the US Large-Cap Core Growth Equity Strategy. He 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. Mr. Puglia 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 Bloomberg TRUSLRI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

12.18%
$611.5m

1YR Return
(View Total Returns)

Manager Tenure

10.90%
10yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.20
3.88%

Inception Date 26-Jun-2009

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Jeff Rottinghaus, Portfolio Manager ,
The U.S. economy continues to look generally healthy, but we are aware that there are factors that could weigh on equity returns. We believe corporate earnings growth rate will continue to decelerate. Additionally, we think market volatility may persist until there is more clarity into how the long-standing U.S.-China trade conflict will be resolved. While we feel investors should remain cautious, we believe markets could receive a boost if there is resolution on geopolitical and monetary policy risks.
Jeff Rottinghaus
Jeff Rottinghaus, Portfolio Manager

Jeff Rottinghaus is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He is president of the US Large-Cap Core Equity and Growth & Income Strategies and chairman of the strategies' Investment Advisory Committees. In addition, he is a vice president and an Investment Advisory Committee member of the Dividend Growth and Capital Appreciation Strategies. Mr. Rottinghaus 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 Bloomberg TRPLGEI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

20.81%
$2.3b

1YR Return
(View Total Returns)

Manager Tenure

11.04%
2yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.27
6.33%

Inception Date 31-Jul-2003

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Taymour Tamaddon, Portfolio Manager,
We remain cautiously positive about the global economy and financial markets, although the recent escalation in trade tensions could trigger renewed volatility and further impede growth. Consensus is expecting a reacceleration in company earnings later in the year, which we think will depend on improving global growth, particularly outside the U.S. However, the global economic outlook remains subdued, and earnings momentum has turned negative in both Europe and Japan.
Taymour Tamaddon
Taymour Tamaddon, Lead Portfolio Manager

Taymour Tamaddon is the portfolio manager of the US Large-Cap Growth Equity Strategy in the U.S. Equity Division of T. Rowe Price. Mr. Tamaddon also is a vice president and a member of the Investment Advisory Committees for the Health Sciences, New America Growth, Growth Stock, Blue Chip Growth, and Capital Appreciation Strategies. He is a vice president of the T. Rowe Price Institutional International Funds, Inc., and the T. Rowe Price International Funds, Inc. Mr. Tamaddon also 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 Bloomberg TRPULVI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

8.89%
$822.5m

1YR Return
(View Total Returns)

Manager Tenure

3.65%
17yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.00
3.77%

Inception Date 27-Mar-2002

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Heather McPherson, Portfolio Manager,
We believe U.S. economic growth will continue to be driven by U.S. consumers, who are benefitting from low unemployment and rising wages. However, we recognise that global economic growth has slowed due, in part, to tariffs and uncertainty resulting from U.S.-China trade tensions. With market conditions remaining far from clear, we continue to favour higher-quality companies, which we believe will outperform over the long term despite near-term challenges.
John D.  Linehan
John D. Linehan, Co-Portfolio Manager

John D. Linehan is the portfolio manager for the Equity Income Strategy and co-portfolio manager of the US Large-Cap Value Strategy. 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 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.

ISIN LU0133096981 Bloomberg TRPSCEI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

15.44%
$1.5b

1YR Return
(View Total Returns)

Manager Tenure

14.97%
<1yr

Information Ratio
(5 Years)

Tracking Error
(5 Years)

1.09
3.84%

Inception Date 28-Sep-2001

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Curt Organt, Portfolio Manager ,
We seek to capitalise on opportunities across the broad range of the small- and mid-cap U.S. equity market. Overall, we remain modestly overweight high-quality companies that compound their earnings. We also look for select investments in “deeper-value” opportunities – those stocks that we believe are significantly undervalued - and hold a number of income-oriented dividend growth companies.
Curt J. Organt, CFA
Curt J. Organt, CFA, Portfolio Manager

Curt Organt is the portfolio manager of the US Smaller Companies Equity Strategy in the U.S. Equity Division of T. Rowe Price. Previously, he was an associate portfolio manager of the US Small-Cap Core Equity Strategy. Mr. Organt is a vice president and Investment Advisory Committee member of the Small-Cap Stock, Small-Cap Value, and Global Industrials Strategies. Mr. Organt 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 Bloomberg TRPGMSI:LX

Since Inception Annualised
(View Total Returns)

Total Assets
(USD)

6.23%
$114.3m

1YR Return
(View Total Returns)

Manager Tenure

8.72%
<1yr

Information Ratio

Tracking Error

N/A
N/A

Inception Date 15-Dec-2016

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Ken Orchard, Portfolio Manager ,
Our outlook for the coming months remains more cautious. Economic data from China are mixed and those from the U.S. show that the economy continues to slow. Bond market indicators tell a similar story. Industrial commodity prices have been trending downward—suggesting weak global demand. The U.S. Federal Reserve took a decidedly dovish turn in recent months. However, its July’s 25 bps rate cut and the following statement was less accommodative than expected by the market, which led to tightening financial conditions.
Kenneth A.  Orchard
Kenneth A. Orchard, Portfolio Manager

Kenneth Orchard is a senior portfolio manager in the Fixed Income Division of T. Rowe Price and a member of the Global Fixed Income Investment team, with responsibility for cochairing the Fixed Income Sector Strategy Advisory Group . He is the portfolio manager for the Global Multi-Sector Bond and Diversified Income Bond Strategies and co-portfolio manager for the International Bond Strategies . 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 Bloomberg TRGUIAU:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

0.16%
$1.3b

1YR Return
(View Total Returns)

Manager Tenure

0.47%
4yrs

Information Ratio
(3 Years)

Tracking Error
(3 Years)

-0.70
2.39%

Inception Date 10-Jun-2015

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Arif Husain, Portfolio Manager,
The trend of both core government bonds and risk markets rallying at the same time is unlikely to last, in our view. How the global economy evolves over the coming months will be critical for the performance of different classes with a stabilisation in growth potentially putting core government bonds under pressure, while further signs of a slowdown could leave risk markets, such as equities, vulnerable to a correction.
Arif Husain
Arif Husain, Portfolio Manager

Arif Husain is head of International Fixed Income at T. Rowe Price. He is lead portfolio manager for the Dynamic Global Bond Strategies. Mr. Husain is also co-portfolio manager for the firm's International Bond, Global Aggregate Bond and Institutional International Bond Strategies. He 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 Bloomberg TRPDGIU:LX

Since Inception Annualised
(View Total Returns)

Total Assets
(USD)

1.10%
$417.8m

1YR Return
(View Total Returns)

Manager Tenure

0.99%
2yrs

Information Ratio

Tracking Error

N/A
N/A

Inception Date 03-Aug-2017

Performance figures calculated in USD

Other Literature

Arif Husain
Arif Husain, Portfolio Manager

Arif Husain is head of International Fixed Income at T. Rowe Price. He is lead portfolio manager for the Dynamic Global Bond Strategies. Mr. Husain is also co-portfolio manager for the firm's International Bond, Global Aggregate Bond and Institutional International Bond Strategies. He 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 Bloomberg TRPGLBI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

1.04%
$444.2m

1YR Return
(View Total Returns)

Manager Tenure

4.19%
5yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.09
1.09%

Inception Date 25-Jan-2006

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Arif Husain, Portfolio Manager,
Ongoing concerns over global growth, geopolitics, and continued dovishness from major central banks mean that, in our view, the environment for core government bonds is improving. The recent rate cut from the U.S. and expected monetary easing in the eurozone could also support demand for risk assets. However, if data improves, we are conscious that there is a downside risk that the level of easing may not be as much as expected.
Arif Husain
Arif Husain, Co-Portfolio Manager

Arif Husain is head of International Fixed Income at T. Rowe Price. He is lead portfolio manager for the Dynamic Global Bond Strategies. Mr. Husain is also co-portfolio manager for the firm's International Bond, Global Aggregate Bond and Institutional International Bond Strategies. He 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 Bloomberg TRPGHII:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

7.57%
$132.1m

1YR Return
(View Total Returns)

Manager Tenure

8.85%
4yrs

Information Ratio
(3 Years)

Tracking Error
(3 Years)

0.69
0.84%

Inception Date 04-Jun-2015

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Mark Vaselkiv, Portfolio Manager,
We remain cautiously optimistic about the high yield asset class for the remainder of this year. Company fundamentals remain stable across most regions, in our view, but this is counterbalanced by geopolitical and macro concerns. Ongoing trade tensions, elections in emerging markets, the continued rise of populist politics, and Brexit negotiations may trigger additional bouts of volatility. Against this backdrop, we believe that the flexibility to adjust our allocations based on fundamental research will be paramount.
Mark J. Vaselkiv
Mark J. Vaselkiv, Co-Portfolio Manager

Mark Vaselkiv is chief investment officer of Fixed Income at T. Rowe Price. He is lead portfolio manager of the firm's Global High Yield and Global High Income Strategies as well as head of the Global High Yield team in the Fixed Income Division. He is additionally a member of both the Fixed Income Steering Committee and the firm's Asset Allocation Committee. Mr. Vaselkiv is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company.

 

SICAV

Global High Yield Bond Fund

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

ISIN LU0133083492 Bloomberg TRPGHBI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

6.31%
$1.4b

1YR Return
(View Total Returns)

Manager Tenure

7.60%
4yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.63
1.23%

Inception Date 04-Mar-2002

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Mark Vaselkiv, Portfolio Manager,
We believe high yield bonds appear attractively positioned compared to many other fixed income sectors in the current environment, given their relatively low duration profile and higher income. Continued economic growth, even slow growth, is supportive for high yield issuers, as they are typically more sensitive to macroeconomic factors. Corporate fundamentals remain largely stable, and we expect default activity to remain below the historical average this year.
Mark J. Vaselkiv
Mark J. Vaselkiv, Co-Portfolio Manager

Mark Vaselkiv is chief investment officer of Fixed Income at T. Rowe Price. He is lead portfolio manager of the firm's Global High Yield and Global High Income Strategies as well as head of the Global High Yield team in the Fixed Income Division. He is additionally a member of both the Fixed Income Steering Committee and the firm's Asset Allocation Committee. Mr. Vaselkiv is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company.

Click for Manager Outlook
 

SICAV

Global Investment Grade Corporate Bond Fund

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

ISIN LU1216623295 Bloomberg TRGIGBI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

4.26%
$43.2m

1YR Return
(View Total Returns)

Manager Tenure

9.44%
4yrs

Information Ratio
(3 Years)

Tracking Error
(3 Years)

0.20
1.17%

Inception Date 08-Jun-2015

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Steven Boothe, Portfolio Manager,
We have a mixed outlook on global investment-grade credit. Concerns surrounding global growth and the U.S.-China trade dispute continue to linger. However, continued dovishness from major central banks should keep government yields low, which will support demand for investment-grade markets. However, we remain conscious of the downside risk should central banks deliver less easing than expected. In this environment, we rely on our bottom-up research to identify long-term opportunities should volatility return.
Steven Boothe
Steven Boothe, Portfolio Manager

Steve Boothe is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Boothe has lead portfolio management responsibilities for the Global Investment Grade and U.S. 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. Mr. Boothe is an executive vice president and cochairman of the Investment Advisory Committee of the Corporate Bond Strategy. He is also 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 Bloomberg TRPECBI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

2.64%
€195.8m

1YR Return
(View Total Returns)

Manager Tenure

6.29%
15yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.24
0.80%

Inception Date 05-Feb-2002

Performance figures calculated in EUR

Other Literature

31-Jul-2019 - David Stanley, Portfolio Manager,
The market has already priced in a degree of action by the European Central Bank (ECB), and we remain conscious of the downside risk should it deliver less stimulus than expected at its September meeting. However, due to ongoing global growth concerns, it is likely government yields will remain low with the amount of negative-yielding debt possibly increasing. We believe this should keep demand for the relatively higher yields in the investment-grade corporate asset class strong.
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 Bloomberg TREHYBI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(EUR)

2.94%
€283.2m

1YR Return
(View Total Returns)

Manager Tenure

3.34%
7yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.19
1.97%

Inception Date 20-Sep-2011

Performance figures calculated in EUR

Other Literature

31-Jul-2019 - Mike Della Vedova, Portfolio Manager,
Global growth concerns and the U.S.-China trade dispute are likely to weigh on risk sentiment, particularly during the summer period when market liquidity is lower. However, monetary stimulus from the European Central Bank (ECB) in the form of rate cuts or new monthly corporate sector purchases could provide a positive technical backdrop. In this environment, we remain focussed on names with strong fundamentals that can overcome bouts of volatility to perform well over the long term.
Michael Della Vedova
Michael Della Vedova, Portfolio Manager

Michael Della Vedova is a global high yield portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Della Vedova is a portfolio manager of the European High Yield Strategy and co-portfolio manager for the firm's Global High Yield Strategy. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.

Click for Manager Outlook
 
 

Emerging Markets Fixed Income

SICAV

Emerging Local Markets Bond Fund

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

ISIN LU0310189781 Bloomberg TRPELMI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

4.69%
$84.6m

1YR Return
(View Total Returns)

Manager Tenure

7.15%
6yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.05
1.46%

Inception Date 09-Aug-2007

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Andrew Keirle, Portfolio Manager,
We are cautious about the outlook for emerging market (EM) local currency assets. While we see room for optimism given the accommodative policy stances by major central banks, the recent escalation in the U.S.-China trade dispute and the depreciation of the Chinese renminbi is a concern. A meaningful deterioration in the economic growth outlook or a shift in global central bank policy could weigh on the outlook for EM. In this environment, we are focused on identifying long-term opportunities through fundamental research.
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.

Click for Manager Outlook
 

SICAV

Emerging Markets Bond Fund

Active investment in mainly sovereign emerging-market bonds.

ISIN LU0207127753 Bloomberg TRPGEBI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

5.39%
$567.2m

1YR Return
(View Total Returns)

Manager Tenure

9.16%
14yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.22
2.13%

Inception Date 31-Dec-2004

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Michael Conelius, Portfolio Manager,
After a strong rebound in the first quarter, uncertainty has weighed on markets more recently driving up volatility. We remain cautiously optimistic about the emerging markets (EM) bond asset class as it offers one of the highest yielding opportunities in the fixed income market and has been increasingly durable through market corrections. Despite a strong rally, spreads remain at attractive levels relative to history with yields now three times those of Treasuries. EM fundamentals remain broadly supportive.
Michael J.  Conelius
Michael J. Conelius, Portfolio Manager

Michael Conelius is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Conelius is lead manager of T. Rowe Price's Emerging Markets Bond Strategy. He is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price International Ltd.

Click for Manager Outlook
 

SICAV

Emerging Markets Corporate Bond Fund

Accessing diversified emerging market corporate debt.

ISIN LU0596126465 Bloomberg TRPEMCI:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

5.99%
$136.1m

1YR Return
(View Total Returns)

Manager Tenure

10.78%
3yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

0.11
1.26%

Inception Date 18-May-2011

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Samy Muaddi, Portfolio Manager,
Concerns about slowing global growth, questionable monetary policy, trade wars, and geopolitical uncertainty, among other factors, have made markets jittery. Despite these exogenous macro risks, we believe the long-term outlook for emerging markets corporate debt remains broadly supportive, underpinned by healthy balance sheets, stable underlying economic growth, and rising middle class wealth. As a result, the emerging market corporate default rate is at its five-year low.
Samy Muaddi
Samy Muaddi, Portfolio Manager

Samy Muaddi is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Muaddi is lead manager of T. Rowe Price's Emerging Markets Corporate Bond Strategy. He 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 Bloomberg TRUABIC:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

2.11%
$449.2m

1YR Return
(View Total Returns)

Manager Tenure

7.83%
8yrs

Information Ratio
(5 Years)

Tracking Error
(5 Years)

-0.35
0.63%

Inception Date 07-Jun-2011

Performance figures calculated in USD

Other Literature

31-Jul-2019 - Brian J. Brennan, Portfolio Manager,
Our outlook remains cautious as global economic data continued to weaken, and market expectations have adjusted to this new reality. The market is pricing in a near-certain rate cut at the September Federal Reserve meeting. With credit sector valuations toward the tighter end of historical ranges, risks appear skewed to the downside. Although there will likely be tactical opportunities if volatility picks up, risk levels in the portfolio should remain below average until growth shows signs of reaccelerating.
Brian Brennan
Brian Brennan, Portfolio Manager

Brian Brennan is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Brennan has lead portfolio management responsibilities for the US Treasury, US Core Plus Bond, and Stable Value Strategies. He also is a member of the portfolio strategy team for T. Rowe Price's core and core plus mandates. Mr. Brennan 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.

Click for Manager Outlook
 
 

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 Bloomberg TRPGAIU:LX

Since Inception Annualised
(View Total Returns)

Total Assets
(USD)

6.82%
$11.9m

1YR Return
(View Total Returns)

Manager Tenure

5.74%
2yrs

Information Ratio

Tracking Error

N/A
N/A

Inception Date 26-Jul-2017

Performance figures calculated in USD

Other Literature

Charles M.  Shriver
Charles M. Shriver, Lead Portfolio Manager

Charles M. Shriver is a portfolio manager for several asset allocation portfolios within the Asset Allocation Group. He is the lead portfolio manager for the Global Allocation, Balanced, Spectrum, and Personal Strategy Funds. Mr. Shriver is a vice president of T. Rowe Price Group, Inc., and he is cochair of the Asset Allocation Committee.

 

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 Bloomberg TRGUBID:LX

3YR Return Annualised
(View Total Returns)

Total Assets
(USD)

8.82%
$74.8m

1YR Return
(View Total Returns)

Manager Tenure

5.76%
3yrs

Inception Date 08-Jul-2016

Performance figures calculated in USD

Other Literature

Charles M.  Shriver
Charles M. Shriver, Lead Portfolio Manager

Charles M. Shriver is a portfolio manager for several asset allocation portfolios within the Asset Allocation Group. He is the lead portfolio manager for the Global Allocation, Balanced, Spectrum, and Personal Strategy Funds. Mr. Shriver is a vice president of T. Rowe Price Group, Inc., and he is cochair of the Asset Allocation Committee.

 
 
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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

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