T. Rowe Price
Global Government Bond High Quality Strategy
This strategy seeks attractive risk-adjusted returns across global bond markets, supported by an extensive macroeconomic research process.
The Global Government Bond High Quality strategy is a benchmark aware, highly flexible government bond strategy designed to seek consistent outperformance in both rising and falling interest rate environments.
Our flexibility is aimed to
1. avoid capital losses when interest rate are rising
2. enhance performance when interest rates are falling
Benchmark
FTSE World Government Bond Index Hedged USD
Risk Objectives
Tracking Error Target (Average)
200-800 bps per annum
Expected Contribution of Value Added
Country/Duration Management - 70%
Currency Management - 30%
Expected Duration
2 to 14 years
Expected Average Rating
A or Higher
Maximum Below Investment Grade
0%
Past performance is not a reliable indicator of future performance.
1 FTSE World Government Bond Index Hedged USD.
Credit ratings for the securities held in the portfolio are provided by Moody’s, Standard & Poor’s and Fitch and are converted to the Standard & Poor’s nomenclature. A rating of “AAA” represents the highest-rated securities, and a rating of “D” represents the lowest-rated securities. When a rating is available from all three agencies, the median rating is used. If there are two ratings, the lower rating is used and if only one rating is available, that rating is used. If a rating is not available, the security is classified as Not Rated (NR). T. Rowe Price uses the rating of the underlying investment vehicle to determine the creditworthiness of credit default swaps and sovereign securities. The portfolio is not rated by any agency.
Ɏ Please see Additional Disclosures for information about this FTSE, Fitch, Moody’s and S&P information.
Portfolio Managers
Arif Husain
Years of industry experience
28
Years at T. Rowe Price
10
As of 30 June 2024
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Additional Disclosures
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