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)

1YR Return (Net)
(View Total Returns)

0.88%
-3.89%

Inception Date 31-Jul-2012

Performance figures calculated in USD

Other Literature

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.

 

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%

Holdings

Total
Holdings
97
Largest Holding NextEra Energy 2.69% Was (31-Mar-2020) 3.45%
Other View Full Holdings Quarterly data as of 30-Jun-2020
Top 10 Holdings 19.65% View Top 10 Holdings Monthly data as of 30-Jun-2020

Top Purchase

Southern Company (N)
1.45%
Was (31-Mar-2020) 0.00%

Top Sale

Verizon Communications (E)
0.00%
Was (31-Mar-2020) 1.82%

Quarterly Data as of 30-Jun-2020

Sectors

Total
Sectors
11
Largest Sector Financials 17.32% Was (31-Mar-2020) 17.42%
Other View complete Sector Diversification

Monthly Data as of 30-Jun-2020

Benchmark: MSCI World Index

Top Contributor^

Materials
Net Contribution 0.34%
Sector
0.10%
Selection 0.24%

Top Detractor^

Utilities
Net Contribution -1.04%
Sector
-0.69%
Selection
-0.35%

^Relative

Quarterly Data as of 30-Jun-2020

Largest Overweight

Financials
By4.66%
Portfolio 17.32%
Benchmark 12.66%

Largest Underweight

Information Technology
By-6.63%
Portfolio 14.65%
Benchmark 21.28%

Monthly Data as of 30-Jun-2020

Regions

Total
Regions
5
Largest Region North America 60.24% Was (31-Mar-2020) 59.62%
Other View complete Region Diversification

Monthly Data as of 30-Jun-2020

Benchmark: MSCI World Index

Top Contributor^

Developed Europe
Net Contribution 0.27%
Region
-0.01%
Selection 0.29%

Top Detractor^

United States
Net Contribution -2.33%
Region
-0.19%
Selection
-2.14%

^Relative

Quarterly Data as of 30-Jun-2020

Largest Overweight

Pacific Ex Japan
By3.67%
Portfolio 7.30%
Benchmark 3.63%

Largest Underweight

North America
By-8.22%
Portfolio 60.24%
Benchmark 68.45%

Monthly Data as of 30-Jun-2020

Countries

Total
Countries
19
Largest Country United States 56.03% Was (31-Mar-2020) 55.52%
Other View complete Country Diversification

Monthly Data as of 30-Jun-2020

Benchmark: MSCI World Index

Largest Overweight

China
By3.56%
Portfolio 3.58%
Benchmark 0.02%

Largest Underweight

United States
By-9.29%
Portfolio 56.03%
Benchmark 65.32%

Monthly Data as of 30-Jun-2020

Team (As of 05-Aug-2020)

Sebastien Mallet

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 manager
    since
    2012
  • Years at
    T. Rowe Price
    15
  • Years investment
    experience
    19
Laurence Taylor

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 at
    T. Rowe Price
    11
  • Years investment
    experience
    20
Kurt A.  Umbarger

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 at
    T. Rowe Price
    27
  • Years investment
    experience
    27

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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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