Download

Audience for the document: Share Class: Language of the document:

Download

Share Class: Language of the document:

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®) 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

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

Please enter valid search characters

Past performance is not a reliable indicator of future performance.

Strategy

Global Growth Equity

The Global Growth Equity Composite seeks long-term capital appreciation by investing primarily in a diversified portfolio of transferable equity and equity-related securities of larger cap companies listed on the world's stock markets. The portfolio may include investments in the securities of companies listed on the stock exchange of developed and developing countries.

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

Tracking Error
(5 Years)

23.42%
5.19%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

46.84%
1.51

Inception Date 31-Oct-2008

Performance figures calculated in USD

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.

 

Strategy

Investment Approach

  • Single decision-maker provides clear accountability.
  • Identify “best ideas” by assessing companies in a global sector context, using bottom-up approach to create focused, high-conviction portfolio.
  • Global research platform uses fundamental analysis to identify companies with superior and sustainable growth prospects and improving fundamentals.
  • Macroeconomic and local market factors are integrated in stock selection decisions.
  • Valuation appeal is measured against local market and broad sector opportunity set.
  • Broad range of large-cap stocks, incorporating developed and emerging markets.

Portfolio Construction

  • Number of holdings: Typically around 150 holdings.
  • Individual positions: Typically 0.3%-3.0%, maximum 5%
  • Emerging markets exposure: +/- 15% of benchmark
  • Broad sector ranges: +/- 10% of benchmark
  • Country ranges: +/- 10% of benchmark (USA is +/- 20%)
  • Currency hedging: Currency views incorporated in stock selection
  • Cash target range: Typically less than 5%
  • Expected tracking error: 300 to 700 basis points
  • Primary benchmark is MSCI All Country World Index

Holdings

Total
Holdings
214
Largest Holding Amazon.com 3.04% Was (31-Mar-2021) 3.08%
Other View Full Holdings Quarterly data as of  30-Jun-2021
Top 10 Holdings 15.31% View Top 10 Holdings Monthly data as of  30-Jun-2021

Top Purchase

Altimeter Growth (N)
0.69%
Was (31-Mar-2021) 0%

Top Sale

PPD (E)
0.00%
Was (31-Mar-2021) 0.48%

Quarterly Data as of 30-Jun-2021

Sectors

Total
Sectors
10
Largest Sector Information Technology 22.30% Was (31-Mar-2021) 21.26%
Other View complete Sector Diversification

Monthly Data as of 30-Jun-2021

Benchmark: MSCI All Country World Index

Top Contributor^

Financials
Net Contribution 0.66%
Sector
0.03%
Selection 0.63%

Top Detractor^

Energy
Net Contribution -0.06%
Sector
-0.07%
Selection
0.01%

^Relative

Quarterly Data as of 30-Jun-2021

Largest Overweight

Consumer Discretionary
By5.99%
Portfolio 18.73%
Benchmark 12.74%

Largest Underweight

Energy
By-3.40%
Portfolio 0.00%
Benchmark 3.40%

Monthly Data as of 30-Jun-2021

Regions

Total
Regions
6
Largest Region North America 57.69% Was (31-Mar-2021) 57.91%
Other View complete Region Diversification

Monthly Data as of 30-Jun-2021

Benchmark: MSCI All Country World Index

Top Contributor^

United States
Net Contribution 1.48%
Region
-0.06%
Selection 1.54%

Top Detractor^

EM EMEA
Net Contribution -0.06%
Region
0.00%
Selection
-0.06%

^Relative

Quarterly Data as of 30-Jun-2021

Largest Overweight

Pacific Ex Japan
By4.20%
Portfolio 17.42%
Benchmark 13.23%

Largest Underweight

Japan
By-4.93%
Portfolio 0.98%
Benchmark 5.91%

Monthly Data as of 30-Jun-2021

Countries

Total
Countries
28
Largest Country United States 55.72% Was (31-Mar-2021) 55.93%
Other View complete Country Diversification

Monthly Data as of 30-Jun-2021

Benchmark: MSCI All Country World Index

Largest Overweight

Germany
By3.85%
Portfolio 6.25%
Benchmark 2.40%

Largest Underweight

Japan
By-4.93%
Portfolio 0.98%
Benchmark 5.91%

Monthly Data as of 30-Jun-2021

Currency

Total
Currencies
17
Largest Currency 67.53% Was (31-Mar-2021) 67.33%
Other View completeCurrency Diversification

Monthly Data as of  30-Jun-2021

Benchmark : MSCI All Country World Index

Largest Overweight

U.S. dollar
By 7.76%
Portfolio 67.53%
Benchmark 59.77%

Largest Underweight

Japanese yen
By -4.93%
Portfolio 0.98%
Benchmark 5.91%

Monthly Data as of  30-Jun-2021

Team (As of 01-Oct-2021)

Scott Berg

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.

Mr. Berg has 17 years of investment experience, all of which have been with T. Rowe Price. He joined the firm in 2002 as a research analyst covering the business services sector after serving as a summer intern in 2001. In 2005, he joined the global equity team as an associate portfolio manager and in 2008 launched the Global Growth Equity Strategy. Prior to T. Rowe Price, he was the manager of financial analysis and planning for Mead Consumer and Office Products. Previously, Mr. Berg was also employed by McKinsey & Company as a business analyst and was a core team member on the firm's global growth initiative.

Mr. Berg graduated first in his class from Macquarie University in Australia, with a B.Ec. in actuarial studies and finance. He also holds an M.B.A. from the Stanford Graduate School of Business, where he again graduated at the top of his class. Mr. Berg has earned the Chartered Financial Analyst designation.

  • Portfolio manager
    since
    2008
  • Years at
    T. Rowe Price
    19
  • Years investment
    experience
    19
Samuel Ruiz

Samuel Ruiz is a portfolio specialist in the Equity Division. He is a vice president of T. Rowe Price Australia Ltd.

Sam’s investment experience began in 2008, and he has been with T. Rowe Price since 2020, beginning in the Equity Division working on the Global and Australia Equity Strategies. Prior to this, Sam was employed by Macquarie Investment Management in the area of strategy in the Equities Division.

Sam earned a bachelor of applied finance degree from the University of South Australia.

  • Years at
    T. Rowe Price
    1
  • Years investment
    experience
    13