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.
- Emphasize attractively valued companies with prospects for improving earnings growth.
- 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 % | 26.42% | 9.64% | 7.63% | 11.85% |
| Composite Net % | 25.67% | 8.99% | 6.99% | 11.19% |
| Benchmark % | 28.40% | 13.20% | 9.36% | 11.71% |
| Excess Return (Gross) % | -1.98% | -3.56% | -1.73% | 0.14% |
Recent Performance
| 3 MonthsData as of 31-Dec-2019 | Year to DateData as of 31-Dec-2019 | |
|---|---|---|
| Composite Gross % | 8.78% | 26.42% |
| Composite Net % | 8.62% | 25.67% |
| Benchmark % | 8.68% | 28.40% |
| Excess Return (Gross) % | 0.10% | -1.98% |
Returns for time periods greater than one year are annualised.
Past performance is not a reliable indicator of future performance.
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.
MSCI index returns are shown with gross dividends reinvested.
Holdings
Total
Holdings
94
Top Purchase
Verizon Communications (N)
1.73%Top Sale
Cisco Systems (E)
0.00%Sectors
Total
Sectors
11
Top Contributor^
Financials
Net Contribution 0.45%Top Detractor^
Utilities
Net Contribution -0.35%Largest Overweight
Financials
Largest Underweight
Information Technology
Regions
Total
Regions
4
Top Contributor^
Developed Europe
Net Contribution 0.79%Top Detractor^
United States
Net Contribution -0.89%Largest Overweight
Europe
Largest Underweight
North America
Countries
Total
Countries
21
Largest Overweight
China
Largest Underweight
United States
Team (As of 06-Feb-2020)
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 at14
T. Rowe Price - Years investment18
experience
Laurence Taylor is a portfolio specialist in the Equity Division at T. Rowe Price, representing the firm's global equity strategies to institutional clients, consultants and prospects. Mr. Taylor is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.
Mr. Taylor has 19 years of investment experience, 10 of which have been with T. Rowe Price. Prior to joining the firm in 2008, Mr. Taylor was a quantitative portfolio manager at AXA Rosenberg, with responsibility for European institutional clients, and began his career at Hewitt Associates in the UK investment practice. At Hewitt, Mr. Taylor 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.
Mr. Taylor obtained his B.A., with honours, from Greenwich University and has earned the Chartered Financial Analyst designation.
- Years at11
T. Rowe Price - Years investment20
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 at27
T. Rowe Price - Years investment27
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.