An unconstrained, high conviction fund seeking companies with a sustainable competitive advantage

At a glance:

Fund launch date:
ISIN:

OEIC:

30 May 2017

OEIC:

GB00BD446774

SICAV:

28 March 2003

SICAV:

LU1028172499

OCF:
Sedol:

OEIC:

0.92%

OEIC:

BJT34Z5

SICAV:

0.92%

SICAV:

BJT34Z5

David Eiswert

Portfolio Manager

Why T. Rowe Price Global Focused Growth Equity Fund?

Our investment process is designed to leverage the best of T. Rowe Price to identify companies on the right side of change.

We believe companies with improving economic returns outperform over time. In an era of technological innovation and the rapid evolution of new products and business models, we focus on understanding the forces enhancing or erasing durable competitive advantage, to identify those that stand to benefit and those at risk before the market does.

Ratings

Harnessing our best ideas globally with T. Rowe Price Global Focused Growth Equity Fund

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In an era of extreme disruption, what distinguishes intelligent investment decisions is research: the ability to quantify change, fully understand its dimensions and correctly identify the stocks most likely to benefit from it

David Eiswert,
Portfolio Manager

3 reasons to consider this fund

Our Global Focused Growth Equity fund seeks to identify “best ideas” by assessing companies in a global sector context, using a bottom-up approach to create a focused, high-conviction portfolio.

1

Focus on growth and improvement

Our research is focused on identifying companies with a sustainable competitive advantage, potential for market share gains, positive change dynamics and a shareholder-focused management team. These attributes are key to delivering improving economic returns, which we believe is key to unlocking returns for shareholders.

2

Benefiting from unique insights

Differentiated views on catalysts for growth help identify under-appreciated areas of opportunity. We always ask ourselves what matters, what drives relative returns and how can we get in front of that? Being focused on identifying the insight for why a particular company is going to produce better returns over time can add significant value.

3

Unconstrained, high-conviction portfolio

This is a go-anywhere portfolio that seeks out the most attractive bottom-up opportunities across market cap, sectors and countries, including emerging markets. We maintain a focused, best ideas portfolio of typically 60 to 80 holdings. Stock selection is the primary source of added value.

Key Risks

The following risks are materially relevant to the fund (refer to prospectus for further details):

Country risk (China) – all investments in China are subject to risks similar to those for other emerging markets investments. In addition, investments that are purchased or held in connection with a QFII licence or the Stock Connect program may be subject to additional risks.

Country risk (Russia and Ukraine) – in these countries, risks associated with custody, counterparties and market volatility are higher than in developed countries.

Currency risk – the risk that securities denominated in currencies other than the base currency of the fund may decrease in value due to changes in foreign exchange rates.

Emerging markets risk – emerging markets are less established than developed markets and therefore involve higher risks.

Equity risk – in general, equities involve higher risks than bonds or money market instruments.

Geographic concentration risk – to the extent that a fund invests a large portion of its assets in a particular geographic area, its performance will be more strongly affected by events within that area.

Hedging risk – a fund’s attempts to reduce or eliminate certain risks through hedging may not work as intended.

Investment fund risk – investing in funds involves certain risks an investor would not face if investing in markets directly.

Management risk – the investment manager or its designees may at times find their obligations to a fund to be in conflict with their obligations to other investment portfolios they manage (although in such cases, all portfolios will be dealt with equitably).

Market risk – prices of many securities change daily, and can fall based on a wide variety of factors.

Operational risk – operational failures could lead to disruptions of fund operations or financial losses.

Small and mid-cap risk – stocks of small and mid-size companies can be more volatile than stocks of larger companies.

Style risk – different investment styles typically go in and out of favour depending on market conditions and investor sentiment.

Other global equity funds

Want to know more about our global equity capabilities?

* T. Rowe Price Funds SICAV – Global Focused Growth Equity Fund and T. Rowe Price Funds OEIC – Global Focused Growth Equity Fund.

Full details of the objectives, investment policies and risks are located in the prospectus which is available with the key investor information documents in English, together with the articles of incorporation and the annual and semi-annual reports (together “Fund Documents”). Any decision to invest should be made on the basis of the Fund Documents which are available free of charge from the local representative, local information/paying agent or from authorised distributors and via the links titled “See all SICAV fund data” and “See all OEIC fund data” available in the resources section above.

Ratings data as at 31 December 2020 unless otherwise stated.

FE Alpha Manager ratings do not constitute investment advice offered by FE and should not be used as the sole basis for making any investment decision. All rights reserved.

Square Mile Research. https://www.squaremileresearch.com/

© Rayner Spencer Mills Research Limited. https://members.rsmgroup.co.uk/related/rd/fund-rating-methodology/

Elite Fund ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

© 2020 FE. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by FE, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete, or accurate. FE shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE does not guarantee that a fund will perform in line with its FE Crown Fund Rating as it is a reflection of past performance and Rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. www.trustnet.com

The Morningstar rating is updated on a monthly basis.

© 2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For further information on ratings methodology please visit www.morningstar.com

To read more on the methodology, visit https://www.fundcalibre.com/aboutus/what-is-the-elite-rating. The award of an Elite Fund rating does not mean the fund is a suitable investment for you, and does not constitute a recommendation to buy. If a fund that you already hold does not, in the opinion of FundCalibre, merit an Elite Fund rating, this does not constitute a recommendation to sell.

FundCalibre is an authorised representative of Chelsea Financial Services. © FundCalibre Limited 2020.

David Eiswert

Portfolio Manager

David Eiswert is a portfolio manager of the Global Focused Growth Equity Strategy, a role he has held since October 1, 2012. Prior to this, David managed the Global Technology Strategy for almost four years. As an analyst, he covered communications equipment. David serves as a vice president and Investment Advisory Committee member of the Media & Telecommunications, Global Technology, Growth Stock, and Science & Technology Funds.

He is also an Investment Advisory Committee member of the Global Growth Stock Fund, Global Technology, and International Stock Funds. Prior to joining the firm in 2003, David was employed as an analyst at Mellon Growth Advisors and Fidelity Management and Research. He also worked as a consultant in the communications industry. David earned a B.A., summa cum laude, in economics and political science from St. Mary’s College of Maryland and an M.A. in economics from the University of Maryland, College Park.

He also has earned the Chartered Financial Analyst designation.

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