Fact sheet: T. Rowe Price Euro Corp Bd

Fund information
Fund name
T. Rowe Price Euro Corporate Bond Q EUR
Fund manager company
T. Rowe Price
Fund type
Offshore Fund
Fund managers
  • David Stanleysince 22/09/2003
Fund objective
To maximise the value of its shares through both growth in the value of, and income from, its investments. The fund invests mainly in a diversified portfolio of corporate bonds that are denominated in euro. The fund may use derivatives for hedging, efficient portfolio management and to seek gains. The fund may also use derivatives to create synthetic short positions in debt securities and credit indices.
Benchmark
  • Barclays Euro Aggregate Corporate Bond Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.4%
1 Year rank in sector
-
Sector
FO Fixed Int - EUR Corporate Bond
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.57%
Fund size
£112m (£101m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
67
Top in this sector
Fund name1 Year
Schroder ISF €Cp Bd4.7%
LO SelTheCredit Bd EUR4.5%
JI High Grade Corporate Bonds CL4.3%
Kempen (Lux) Euro Crdt3.9%
Vontobel €CorpBdMidYd3.8%
...more in FO Fixed Int - EUR Corporate Bond

Performance snapshot

Holdings snapshot

  • Europe100%
  • Banks34.2%
    Cyclical Consumer Goods11.4%
    Property Shares9.9%
    Communications9.6%
    Non-Cyclical Consumer Goods6.8%
  • European Fixed Interest100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-2.3%0.5%3.4%12.1%34.7%
Sector-1.5%-2.1%0.8%3.3%9.8%29%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund3.6%0.1%8%2.1%16%
Sector3.7%-1%6.9%2.2%13.3%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.63
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.05
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.14
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
3.2
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
0.51
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
1.49
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.98
Price movement
52 week high11.34
52 week low10.56
Current bid price-
Current offer price-
Current mid price11.04
Region
1Europe100%
Industry sector
1Banks34.2%
2Cyclical Consumer Goods11.4%
3Property Shares9.9%
4Communications9.6%
5Non-Cyclical Consumer Goods6.8%
6Insurance5.6%
7Basic Industries3.6%
8Others3.5%
9Oil & Gas2.9%
Asset type
1European Fixed Interest100%
Individual holdings
1COOPERATIEVE RABOBANK UA 4.125 SNR NT 14/07/25 EUR10002.02%
2INMOBILIARIA COLONIAL SA 2.728% BDS 05/06/23 EUR1000001.51%
3TEVA PHARMACEUTICAL FINANCE BV 1.125% BDS 15/10/24 EUR1000001.39%
4ANHEUSER-BUSCH INBEV SA/NV 0.875% NTS 17/03/22 EUR10001.13%
5KENNEDY WILSON EUROPE REAL EST PLC 3.95% BDS 30/06/22 GBP1000001.08%
6EUTELSAT COMMUNICATIONS 1.125% BDS 23/06/21 EUR1000001.04%
7TDF INFRASTRUCTURE 2.875% NTS 19/10/22 EUR1000001.01%
8SOCIETE FONCIERE LYONNAI 2.25% NTS 16/11/22 EUR1000001%
9ANHEUSER-BUSCH INBEV SA/NV 1.5% NTS 17/03/25 EUR10000.97%
Management
Fund manager group
T. Rowe Price
Fund manager company
T. Rowe Price
Fund type
Offshore Fund
Fund objective
To maximise the value of its shares through both growth in the value of, and income from, its investments. The fund invests mainly in a diversified portfolio of corporate bonds that are denominated in euro. The fund may use derivatives for hedging, efficient portfolio management and to seek gains. The fund may also use derivatives to create synthetic short positions in debt securities and credit indices.
Benchmark
  • Barclays Euro Aggregate Corporate Bond Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
David Stanley22/09/2003David Stanley (London) having 22 years of investment experience and 6 years with T. Rowe Price. He is graduated B.A., University of Manchester.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Ireland, Iceland, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
T. Rowe Price Euro Corporate Bond A EUR
Initial charge5%
Annual charge0.9%
Min single investment£15,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price15.33
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTF14
T. Rowe Price Euro Corporate Bond A USD
Initial charge5%
Annual charge0.9%
Min single investment£15,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price16.45
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTF26
T. Rowe Price Euro Corporate Bond I EUR
Initial charge-
Annual charge0.4%
Min single investment£2,500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price19.33
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTB69
T. Rowe Price Euro Corporate Bond I USD
Initial charge-
Annual charge0.4%
Min single investment£2,500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price20.74
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTC19
T. Rowe Price Euro Corporate Bond IH EUR
Initial charge-
Annual charge0.4%
Min single investment£2,500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price10.99
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF5DI
T. Rowe Price Euro Corporate Bond IH USD
Initial charge-
Annual charge0.4%
Min single investment£2,500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price11.79
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF5DH
T. Rowe Price Euro Corporate Bond Q EUR
Initial charge-
Annual charge0.4%
Min single investment£15,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.57%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price11.04
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK6ZF
T. Rowe Price Euro Corporate Bond SD EUR
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price10.5
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM7VQ
T. Rowe Price Euro Corporate Bond Z EUR
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price22.09
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTB70
T. Rowe Price Euro Corporate Bond Z USD
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price23.7
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTC20
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