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.
To maximise the value of its shares, over the long term, through both growth in the value of, and income from, its investments.
- 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.
- 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.
|1 YR||3 YR
|Since Manager Inception
|Indicative Benchmark %||21.02%||12.40%||10.29%||N/A||N/A|
|Excess Return %||-0.43%||-0.06%||0.32%||N/A||N/A|
|1 YR||3 YR
|Indicative Benchmark %||15.79%||9.73%||9.51%||9.64%|
|Excess Return %||1.56%||0.47%||0.67%||0.75%|
Effective 1 March 2020, the indicative benchmark changed to 60% MSCI AC World Net Index, 28% Bloomberg Barclays Global Aggregate Bond Index (Developed Markets only hedged to USD), and 12% 3-month USD LIBOR. Prior to 1 March 2020, the 60% MSCI AC World Net Index was Developed Markets only hedged to USD. Historical returns have not been restated.
|Month to DateData as of 26-Nov-2021||Quarter to DateData as of 26-Nov-2021||Year to DateData as of 26-Nov-2021||1 MonthData as of 31-Oct-2021||3 MonthsData as of 31-Oct-2021|
|Indicative Benchmark %||-0.74%||2.22%||8.56%||2.99%||1.62%|
|Excess Return %||-0.84%||-2.22%||-2.42%||-1.38%||-0.97%|
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.
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.
Total Fixed Income
Largest Overweight - Equity Only
Largest Underweight - Equity OnlyN/A
Largest Overweight - Fixed Income Only
Largest Underweight - Fixed Income OnlyN/A
|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||1.57%|
|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||0.82%|
Please note that the Ongoing Charges figure is inclusive of the Investment Management Fee and is charged per annum.