The T. Rowe Price Dynamic Global Bond Core Strategy comprises portfolios that seek to provide positive absolute return by investing primarily in an actively managed global portfolio of fixed income securities.
The DNA of the T. Rowe Price Dynamic Global Bond Core Strategy

Deep Research

The breadth and depth of our global research provides a critical information edge to find the best investment ideas.

Truely active approach

Flexibility to adapt to changing markets.

Diversified

Diversified portfolio across the global fixed-income universe.

Focus on sustainable income potential

Seek to generate regular income in different interest rate environments.

Win a Global Explorer Pack featuring a T. Rowe Price Patagonia backpack

Resources

Watch our film: Strategy Differentiators with Arif Husain

Watch our film: Key Takeaways with Arif Husain

Portfolio Characteristics

As of 30-Sep-2020

Dynamic Global Bond Strategy Dynamic Global Bond Core Strategy Dynamic Global Bond Investment Grade Strategy
Main Characteristics
Benchmark Sensitive No No No
Cash Index 3-Month LIBOR or equivalent 3-Month LIBOR or equivalent 3-Month LIBOR or equivalent
Excess Return Target1 Cash Index + 300 bps p.a. Cash Index + 250 bps p.a. Cash Index + 200 bps p.a.
TE/Volatility Target 200-500 bps volatility p.a. 200-400 bps volatility p.a. 150-400 bps volatility p.a.
Risk Focus Downside risk Downside risk Downside risk
Principal Alpha Drivers Rates, currency, sectors Rates, currency, sectors Rates, currency, sectors
Main Investment Parameters
Duration Limits -1 to 6 years 0 to 6 years -1 to 6 years
Currency Limits Automatically hedged Minimum 80% hedged in base currency Limited currency overlay Automatically hedged Minimum 80% hedged in base currency Limited currency overlay Automatically hedged Minimum 80% hedged in base currency Limited currency overlay
Maximum Below Investment Grade 30% 20% No allocation
Maximum Allocation Per Individual Non-Government Issuer 3% 3% 3%
Allocation to Derivative Instruments Allowed Allowed Allowed

1The excess return target represents the portfolio manager’s goal of outperforming the stated standard benchmark for the strategy, employing its standard investment guidelines. A strategy’s standard benchmark may be different from a client benchmark. The target is based on an analysis of a strategy’s historical performance, investment universe, anticipated future market conditions, peer performance, benchmark characteristics, investment guidelines, and other factors. The target reflects the current views of the portfolio manager and is subject to change. There is no guarantee that the target will be realised or achieved and actual results experienced by clients may vary from the target shown.

The above expected investment parameters are relative to the corresponding benchmark of strategy and represent anticipated ranges of exposure at the time of purchase. Market fluctuations may cause actual exposure to fall outside these ranges. Actual results may vary, and the information should not be considered or relied upon as a projection of future performance.

Want to know more about our global fixed income capabilities?

Important Legal Information

This site is intended for Wholesale Clients. I have read the terms detailed below and confirm that I am a Wholesale Client and that I wish to proceed.

By accessing this website, you acknowledge that you have read the TERMS AND CONDITIONS (“T&Cs”) and agreed to the provisions set out in the T&Cs. In addition, you also consent to T. Rowe Price collecting information by way of cookies.

Information contained in the T. Rowe Price website is not intended for investors in any jurisdiction in which distribution or purchase is not authorised, including the jurisdiction of the reader of this information, where applicable. For example, the information herein is not for distribution to and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America to or for the benefit of United States persons. In certain jurisdictions, such as Australia, an investor must qualify as a wholesale client. Information contained in this website is not for retail investors. Information obtained from this site is intended specifically for the individuals who have agreed to these Terms and Conditions and may not be redistributed without prior consent from the T. Rowe Price Legal department.

The information is designed for wholesale clients in accordance with the definition set out in Australian Corporations Act, including financial intermediaries, and is published for informational purposes only.

Persons who do not fall into the definition of wholesale client should not act upon the information contained herein.

This website is for general informational purposes only. This does not constitute or undertake to give advice of any nature, including fiduciary investment advice, and prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested.

This website does not constitute a distribution, an offer, an invitation, a personal or general recommendation or solicitation to sell or buy any securities in any jurisdiction or to conduct any particular investment activity. This has not been reviewed by any regulatory authority in any jurisdiction.

Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date noted on the website and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.

It is not intended for distribution to retail investors in any jurisdiction.

Issued in Australia by T. Rowe Price Australia Limited (ABN: 13 620 668 895 and AFSL: 503741), Level 50, Governor Phillip Tower, 1 Farrer Place, Suite 50B, Sydney, NSW 2000, Australia. For Wholesale Clients only.

Win a Global Explorer Pack

featuring a T. Rowe Price Patagonia backpack.
To go in the draw, just provide your details and follow us on LinkedIn.*
For more information please see our Conditions of Entry.
*Open to Australian investment professionals only.
* Mandatory field

Connect with us

Important Legal Information

This site is intended for Wholesale Clients. I have read the terms detailed below and confirm that I am a Wholesale Client and that I wish to proceed.

By accessing this website, you acknowledge that you have read the TERMS AND CONDITIONS (“T&Cs”) and agreed to the provisions set out in the T&Cs. In addition, you also consent to T. Rowe Price collecting information by way of cookies.

Information contained in the T. Rowe Price website is not intended for investors in any jurisdiction in which distribution or purchase is not authorised, including the jurisdiction of the reader of this information, where applicable. For example, the information herein is not for distribution to and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America to or for the benefit of United States persons. In certain jurisdictions, such as Australia, an investor must qualify as a wholesale client. Information contained in this website is not for retail investors. Information obtained from this site is intended specifically for the individuals who have agreed to these Terms and Conditions and may not be redistributed without prior consent from the T. Rowe Price Legal department.

The information is designed for wholesale clients in accordance with the definition set out in Australian Corporations Act, including financial intermediaries, and is published for informational purposes only.

Persons who do not fall into the definition of wholesale client should not act upon the information contained herein.

This website is for general informational purposes only. This does not constitute or undertake to give advice of any nature, including fiduciary investment advice, and prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested.

This website does not constitute a distribution, an offer, an invitation, a personal or general recommendation or solicitation to sell or buy any securities in any jurisdiction or to conduct any particular investment activity. This has not been reviewed by any regulatory authority in any jurisdiction.

Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date noted on the website and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.

It is not intended for distribution to retail investors in any jurisdiction.

Issued in Australia by T. Rowe Price Australia Limited (ABN: 13 620 668 895 and AFSL: 503741), Level 50, Governor Phillip Tower, 1 Farrer Place, Suite 50B, Sydney, NSW 2000, Australia. For Wholesale Clients only.

Thank you for registering for fixed income updates. The latest insights will be sent straight to your inbox, in the meantime see our latest thinking: