Fact sheet: T Rowe Price Global Focused Growth

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
GLOBAL GROWTH
Sector
FO Equity - International
Fund type
Offshore Fund
Primary aim
GROWTH
Why Money Observer Rates T Rowe Price Global Focused Growth

New for 2017. Concentrating on finding the best ideas

This is a Luxembourg-domiciled fund which has been managed since 2012 by US-based David Eiswert. He takes an unconstrained, high-conviction approach. The fund's portfolio consists of 60 to 80 of Eiswert's best ideas.

Through in-house research, he seeks to identify companies with sustainable competitive advantages, gains in market share, positive change dynamics and shareholder-focused management teams.

Although selection of the right companies is his first priority, he also considers macroeconomic and local market factors to refine his sector and company analysis. His aim is to construct a high-growth portfolio by emphasising improving business fundamentals and accelerating return on capital.

At the end of 2016, the fund was invested in 19 countries. Just over 50 per cent of the fund was invested in the US. Other top weightings were to the UK, Japan and China. In terms of sectors, the highest allocations were to information technology and consumer discretionary.

Eiswert has high conviction in the technology sector. He points out that this is an area where rapid shifts in market share mean growth companies are plentiful regardless of the broader macroeconomic environment. He looks for innovative companies with the potential to be true market disruptors.

He says rapid growth in the use of the internet, particularly in Asia, has yielded many compelling opportunities. Eiswert also favours the consumer discretionary sector due to the strong growth stories he sees in specific areas. His focus is on identifying companies with product cycles that he believes will drive market share growth.

3 Year Performance
Fund Performance65.8%
Average of Rated Funds Group54.7%
Sector Performance20.8%
Fund information
Fund name
T. Rowe Price Global Focused Growth Equity Q GBP
Fund manager company
T. Rowe Price
Fund type
Offshore Fund
Fund managers
  • David J. Eiswertsince 29/09/2012
Accolades
Highly Commended - Global Growth
Fund objective
To increase the value of its shares, over the long term, through growth in the value of its investments. The fund invests mainly in a diversified portfolio of stocks that have the potential for above average and sustainable rates of earnings growth. The companies may be anywhere in the world, including emerging markets. The fund may use derivatives for hedging and efficient portfolio management.
Benchmark
  • MSCI All Country World Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
14.8%
1 Year rank in sector
165/485
Sector
FO Equity - International
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.
0.92%
Fund size
£570m (£253m 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.
108
Top in this sector
Fund name1 Year
Morg Stnly Gbl Opportunity47%
Morg Stnly Global Advantage39.7%
CS (L) Gbl Rbt Eq37.8%
PGIM Jnsn Gbl Eqty Opp34.4%
Brown Advisory Gbl Ldrs30.5%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • USA59.4%
    Japan7.9%
    UK4.3%
    China3.8%
    India3.5%
  • Information Technology32%
    Consumer Discretionary17.2%
    Health Care14.8%
    Financials14.4%
    Services7%
  • US Equities59.4%
    Japanese Equities7.9%
    UK Equities4.3%
    Chinese Equities3.8%
    Indian Equities3.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.9%2.8%7.6%14.8%65.8%129.1%
Sector-3.9%1.4%5.1%10.5%20.8%52.1%
Rank within sector50 / 504215 / 504157 / 498165 / 4853 / 3924 / 303
Quartile1st2nd2nd2nd1st1st
Calendar performance
 YTD - 20182017201620152014
Fund0.7%21.7%26.4%12.1%13.6%
Sector-1.2%16.3%7.9%0.7%6%
Rank within sector106 / 503150 / 48343 / 43937 / 38782 / 340
Quartile1st2nd1st1st1st
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.
11.08
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.
0.95
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.
1.42
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%.
11.65
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.
7.74
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.
1.32
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.
0.55
Price movement
52 week high20.77
52 week low17.44
Current bid price-
Current offer price-
Current mid price20.18
Region
1USA59.42%
2Japan7.88%
3UK4.32%
4China3.81%
5India3.48%
6Sweden2.92%
7Taiwan2.37%
8France2.3%
9Australia2.07%
Industry sector
1Information Technology31.96%
2Consumer Discretionary17.19%
3Health Care14.77%
4Financials14.45%
5Services7.01%
6Materials4.63%
7Consumer Staples3.87%
8Energy2.25%
9Utilities2.23%
Asset type
1US Equities59.42%
2Japanese Equities7.88%
3UK Equities4.32%
4Chinese Equities3.81%
5Indian Equities3.48%
6Swedish Equities2.92%
7Taiwanese Equities2.37%
8French Equities2.3%
9Australian Equities2.07%
Individual holdings
1APPLE INC4.59%
2AMAZON.COM INC3.36%
3JPMORGAN CHASE & CO2.78%
4SALESFORCE.COM INC2.34%
5ROSS STORES INC2.26%
6TAPESTRY INC2.12%
7JAMES HARDIE INDUSTRIES PLC2.07%
8CHUGAI PHARMACEUTICAL CO1.97%
9MICROSOFT CORP1.94%
Management
Fund manager group
T. Rowe Price
Fund manager company
T. Rowe Price
Fund type
Offshore Fund
Fund objective
To increase the value of its shares, over the long term, through growth in the value of its investments. The fund invests mainly in a diversified portfolio of stocks that have the potential for above average and sustainable rates of earnings growth. The companies may be anywhere in the world, including emerging markets. The fund may use derivatives for hedging and efficient portfolio management.
Benchmark
  • MSCI All Country World Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
David J. Eiswert29/09/2012David Eiswert is a portfolio manager and analyst in the U.S. Equity Division of T. Rowe Price. He is the portfolio manager for the Global Equity Strategy. As an analyst, he covers communications equipment. Mr. Eiswert is a vice president of T. Rowe Price Group, Inc. Mr. Eiswert has 12 years of investment experience, nine of which have been with T. Rowe Price. Prior to joining the firm in 2003, he was an analyst at Mellon Growth Advisors and Fidelity Management and Research. He also worked as a consultant in the communications industry. Mr. Eiswert 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.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, Offshore, 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, Hong Kong, Ireland, Iceland, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden, South Africa
T. Rowe Price Global Focused Growth Equity A (EUR) EUR
Initial charge5%
Annual charge1.6%
Min single investment£15,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.77%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price13.42
CurrencyEUR
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCDC
T. Rowe Price Global Focused Growth Equity A EUR
Initial charge5%
Annual charge1.6%
Min single investment£15,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.77%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price30.91
CurrencyEUR
Price updated09/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTF18
T. Rowe Price Global Focused Growth Equity A USD
Initial charge5%
Annual charge1.6%
Min single investment£15,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.77%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price41.14
CurrencyUSD
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTF30
T. Rowe Price Global Focused Growth Equity I EUR
Initial charge-
Annual charge0.75%
Min single investment£2,500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price17.7
CurrencyEUR
Price updated09/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeY851
T. Rowe Price Global Focused Growth Equity I USD
Initial charge-
Annual charge0.75%
Min single investment£2,500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price23.75
CurrencyUSD
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeY850
T. Rowe Price Global Focused Growth Equity Q EUR
Initial charge-
Annual charge0.75%
Min single investment£15,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price16.57
CurrencyEUR
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKX4E
T. Rowe Price Global Focused Growth Equity Q GBP
Initial charge-
Annual charge0.75%
Min single investment£15,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price20.18
CurrencyGBP
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK6ZQ
Data provided by

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