Morningstar Fund Report  | 13/04/2025Print

T. Rowe Price Funds SICAV - Global Technology Equity Fund Qd1 USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
T. Rowe Price Funds SICAV - Global Technology Equity Fund Qd1 USD
Fund9.1-50.954.830.8-16.6
+/-Cat-5.8-22.723.39.5-5.7
+/-B’mrk-23.1-26.99.3-1.6-3.0
 
Category: Sector Equity Technology
Category Benchmark: Morningstar Gbl Tech TME NR...
Key Stats
NAV
11/04/2025		 USD 17.30
Day Change -0.28%
Morningstar Category™ Sector Equity Technology
ISIN LU1737525987
Fund Size (Mil)
11/04/2025		 USD 595.97
Share Class Size (Mil)
11/04/2025		 USD 11.63
Max Initial Charge -
Ongoing Charge
24/03/2025		  0.74%
Morningstar Research
Analyst Report16/12/2024
Adam Sabban, Senior Analyst
Morningstar, Inc

An unexpected manager swap and investment process pivot lead to a downgrade of T. Rowe Price Global Technology’s Morningstar Analyst Rating to Neutral from Silver. Manager Alan Tu’s pending departure from this strategy raises a variety of...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People23
Parent25
Process23
Performance
Price
Investment Objective: T. Rowe Price Funds SICAV - Global Technology Equity Fund Qd1 USD
To increase the value of its shares, over the long term, through growth in the value of its investments.
Returns
Trailing Returns (GBP)11/04/2025
YTD-20.00
3 Years Annualised4.23
5 Years Annualised7.31
10 Years Annualised-
12 Month Yield 0.00
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Dominic Rizzo
01/04/2023
Inception Date
15/12/2017

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI/Information Technology NR USDMorningstar Gbl Tech TME NR USD
Portfolio Profile for  T. Rowe Price Funds SICAV - Global Technology Equity Fund Qd1 USD28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.770.0098.77
Bond0.000.000.00
Property0.000.000.00
Cash1.230.001.23
Other0.000.000.00
Top 5 Regions%
United States64.85
Eurozone15.41
Asia - Developed10.12
Asia - Emerging2.69
Canada2.50
Top 5 Sectors%
Technology88.85
Consumer Cyclical4.85
Communication Services4.07
Financial Services2.23
Top 5 HoldingsSector%
NVIDIA CorpTechnologyTechnology9.07
Apple IncTechnologyTechnology8.98
Microsoft CorpTechnologyTechnology8.50
Taiwan Semiconductor Manufacturi... TechnologyTechnology7.41
Broadcom IncTechnologyTechnology4.51
Increase Decrease New since last portfolio
T. Rowe Price Funds SICAV - Global Technology Equity Fund Qd1 USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  T. Rowe Price Funds SICAV - Global Technology Equity Fund Qd1 USD
Category:  Sector Equity Technology
Category Index:  Morningstar Gbl Tech TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-4.4128.1168.839.14-50.9154.7730.80-16.59
+/- Category-1.05-1.9925.13-5.82-22.7323.339.51-5.67
+/- Category Index----23.11-26.889.32-1.65-3.00
% Rank in Category6162106998102482
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.28   -0.42-1.73
1 Week3.77   5.36-2.47
1 Month-6.98   2.50-1.57
3 Months-20.92   -2.37-2.45
6 Months-13.69   -2.03-1.41
YTD-20.00   -2.59-2.63
1 Year-9.06   -1.56-4.96
3 Years Annualised4.23   0.74-7.80
5 Years Annualised7.31   -4.72-11.30
10 Years Annualised-   --
 
Category: Sector Equity Technology
Category Index: Morningstar Gbl Tech TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-16.59---
202415.367.35-6.2812.70
202321.6114.10-2.6214.55
2022-23.20-30.457.48-14.50
2021-2.4916.501.30-5.16
2020-1.3735.2811.7313.24
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAbove Average3 star
5-YearBelow AverageAbove Average2 star
10-Year--Not Rated
OverallBelow AverageAbove Average2 star
 
Category :  Sector Equity TechnologyClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev26.89 %
3-Yr Mean Return6.26 %
 
3-Yr Sharpe Ratio0.08
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Tech TME NR USD  Morningstar US LM Brd Growth NR USD
3-Yr Beta1.021.15
3-Yr Alpha-7.06-5.04
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 287575-
Market Capitalisation% of Equity
Giant61.03
Large20.80
Medium12.93
Small5.24
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings28.591.20
Price/Book6.621.39
Price/Sales7.412.06
Price/Cash Flow15.901.11
Dividend-Yield Factor0.590.61
 
Long-Term Projected Earnings Growth18.041.32
Historical Earnings Growth14.091.32
Sales Growth11.481.93
Cash-Flow Growth14.261.19
Book-Value Growth15.391.83
 
Category: Sector Equity Technology
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.770.0098.77
Bond0.000.000.00
Property0.000.000.00
Cash1.230.001.23
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States64.850.99
Canada2.501.90
Latin America1.552.14
United Kingdom0.760.70
Eurozone15.412.62
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan2.120.74
Australasia0.000.00
Asia - Developed10.120.79
Asia - Emerging2.690.37
 
Category: Sector Equity Technology
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical4.850.62
Financial ServicesFinancial Services2.230.67
Communication ServicesCommunication Services4.070.32
TechnologyTechnology88.851.29
 
Category: Sector Equity Technology
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings56
Total Number of Bond Holdings0
Assets in Top 10 Holdings54.60
NameSectorCountry% of Assets
NVIDIA Corp311United States9.07
Apple Inc311United States8.98
Microsoft Corp311United States8.50
Taiwan Semiconductor Manufacturing Co... 311Taiwan7.41
Broadcom Inc311United States4.51
SAP SE311Germany4.21
ASML Holding NV311Netherlands3.61
Advanced Micro Devices Inc311United States3.24
ServiceNow Inc311United States2.60
Shopify Inc Registered Shs -A- Subord... 311Canada2.47
 
Increase Decrease New since last portfolio
Category: Sector Equity Technology
 
Management
Name of CompanyT. Rowe Price (Luxembourg) Management S.à r.l.
Phone+441268466339
Websitewww.troweprice.com
Address35, Boulevard du Prince Henri
 Luxembourg   L-1724
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date15/12/2017
Fund Advisor(s)
T. Rowe Price International Ltd
Fund ManagerDominic Rizzo
Manager Start Date01/04/2023
 
Biography
Mr. Rizzo joined T. Rowe Price International Ltd in 2015, and his investment experience dates from that time. During the past five years, he has served as an investment analyst covering European technology stocks and as an associate analyst focusing on small and mid-cap technology stocks in the Equity Division. Effective April 1, 2023, Mr. Rizzo will become sole portfolio manager as Mr. Tu transitions away from his role with the fund.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.61%
Ongoing Charge0.74%
Purchase Details
Minimum Investments
Initial-
Additional100  USD
Savings-
Tax Free Savings Schemes
ISAsYes