Fact sheet: T. Rowe Price GblInvGrdCorBd

Fund information
Fund name
T. Rowe Price Global Investment Grade Corporate Bond Q USD
Fund manager company
T. Rowe Price
Fund type
Offshore Fund
Fund manager
  • Steven Boothesince 08/06/2015
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 investment-grade corporate bonds from issuers around the world, including emerging markets. 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 Global Aggregate Corporate Bond (USD Hedged)
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.5%
1 Year rank in sector
77/303
Sector
FO Fixed Int - Global
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
£22m (£21m last year)
Top in this sector
Fund name1 Year
Capital Group GHIOL29.7%
Dodge & Cox Global Bond24%
LM WAHiYcrEn21.6%
BlueBay Fin Cap Bd18.9%
HSBC GIF Gbl AsBk Bd17.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA41.6%
    UK11.8%
    China5.8%
    Australia5%
    Canada4%
  • Banks24.1%
    Fixed Interest13.4%
    Energy12.3%
    Property Shares6.8%
    Transport6.6%
  • US Fixed Interest41.6%
    UK Fixed Interest11.8%
    Chinese Fixed Interest5.8%
    Australian Fixed Interest5%
    Canadian Fixed Interest4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%1.9%4.4%6.5%--
Sector0.4%1%2.8%4.1%5.5%12.6%
Rank within sector47 / 33585 / 33371 / 31777 / 303--
Quartile1st2nd1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund3.6%7.1%---
Sector2.1%4.6%-1.6%3.7%-1.6%
Rank within sector80 / 32458 / 295---
Quartile1st1st
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high11.17
52 week low10.48
Current bid price-
Current offer price-
Current mid price11.15
Region
1USA41.62%
2UK11.78%
3China5.84%
4Australia4.99%
5Canada3.95%
6Mexico3.33%
7Israel3.24%
8Germany2.96%
9Iceland2.71%
Industry sector
1Banks24.1%
2Fixed Interest13.4%
3Energy12.3%
4Property Shares6.8%
5Transport6.6%
6Telecommunications6.3%
7Pharmaceuticals4.8%
8Media4.2%
9Basic Industries3.9%
Asset type
1US Fixed Interest41.62%
2UK Fixed Interest11.78%
3Chinese Fixed Interest5.84%
4Australian Fixed Interest4.99%
5Canadian Fixed Interest3.95%
6European Fixed Interest3.52%
7Mexican Fixed Interest3.33%
8Middle East & African Fixed Interest3.24%
9German Fixed Interest2.96%
Individual holdings
No data available.
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 investment-grade corporate bonds from issuers around the world, including emerging markets. 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 Global Aggregate Corporate Bond (USD Hedged)
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Steven Boothe08/06/2015
Compliance
Transparent for German Tax, 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 Global Investment Grade 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 price11.05
CurrencyUSD
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMEPJ
T. Rowe Price Global Investment Grade 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 price11.17
CurrencyUSD
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMEPI
T. Rowe Price Global Investment Grade Corporate Bond Q USD
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 price11.15
CurrencyUSD
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMEPK
Data provided by

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