Past performance is not a reliable indicator of future performance.
Strategy
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
Strategy
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%
Performance
Annualised Performance
Quarterly| 1 YR | 3 YR Annualised |
5 YR Annualised |
Since Inception Annualised |
|
|---|---|---|---|---|
| Composite Gross % | 45.58% | 13.28% | 13.10% | 12.80% |
| Composite Net % | 44.74% | 12.61% | 12.42% | 12.13% |
| Benchmark % | 39.67% | 15.59% | 15.44% | 13.12% |
| Excess Return (Gross) % | 5.91% | -2.31% | -2.34% | -0.32% |
Recent Performance
| 3 MonthsData as of 30-Jun-2021 | Year to DateData as of 30-Jun-2021 | |
|---|---|---|
| Composite Gross % | 4.44% | 13.61% |
| Composite Net % | 4.29% | 13.28% |
| Benchmark % | 7.89% | 13.33% |
| Excess Return (Gross) % | -3.45% | 0.28% |
Past performance is not a reliable indicator of future performance.
Returns for time periods greater than one year are annualised.
Gross performance returns are presented before management and all other fees, where applicable, but after trading expenses. Net of fees performance reflects the deduction of the highest applicable management fee that would be charged based on the fee schedule contained within this material, without the benefit of breakpoints. Gross and net performance returns reflect the reinvestment of dividends and are net of all non-reclaimable withholding taxes on dividends, interest income, and capital gains.
Index returns shown with gross dividends reinvested.
Holdings
Total
Holdings
100
Top Purchase
Microsoft
3.57%Top Sale
Johnson & Johnson (E)
0.00%Sectors
Total
Sectors
11
Top Contributor^
Health Care
Net Contribution 0.22%Top Detractor^
Information Technology
Net Contribution -0.93%Largest Overweight
Financials
Largest Underweight
Information Technology
Regions
Total
Regions
6
Top Contributor^
Japan
Net Contribution 0.71%Top Detractor^
United States
Net Contribution -2.11%Largest Overweight
Pacific Ex Japan
Largest Underweight
North America
Countries
Total
Countries
21
Largest Overweight
China
Largest Underweight
United States
Team (As of 10-Sep-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.
- Portfolio manager2012
since - Years at16
T. Rowe Price - Years investment20
experience
Laurence Taylor is a portfolio specialist in the Equity Division. He represents the firm's global equity strategies to institutional clients, consultants, and prospects. Laurence is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.
Laurence’s investment experience began in 1999, and he has been with T. Rowe Price since 2008, beginning in the Investment Specialist Group. Prior to this, Laurence was employed by AXA Rosenberg as a quantitative portfolio manager, with responsibility for global and European equity portfolios, and began his career at AonHewitt Associates in the UK investment practice. At AonHewitt, Laurence provided investment advice to European institutions as a client-facing consultant before specializing in the research and selection of global and regional equity managers in the manager research team.
Laurence earned a B.A., with honors, from Greenwich University. He also has earned the Chartered Financial Analyst® designation.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
- Years at12
T. Rowe Price - Years investment21
experience
Kurt Umbarger is the regional head of the Equity Investment Specialist Group of T. Rowe Price. Previously, he was a global equity portfolio specialist in the International Equity Division. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.
Mr. Umbarger has 26 years of investment experience, all of which have been at T. Rowe Price. He joined the firm in 1992 and has been a portfolio specialist since 2001. Prior to joining the global equity team in 2005, Mr. Umbarger worked with the international and emerging market equity teams. As a portfolio specialist, he has traveled the world, working closely with institutional clients, consultants, and prospects.
Mr. Umbarger earned a B.S. in finance from Towson University and an M.S.F. in finance from Loyola University Maryland. He also has earned the Chartered Financial Analyst designation and is a Series 6, 7, 63, and 65 registered representative.
- Years at28
T. Rowe Price - Years investment28
experience
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.