Morningstar Fund Report  | 05/04/2025Print

T. Rowe Price Funds SICAV - Emerging Local Markets Bond Fund A EUR

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
T. Rowe Price Funds SICAV - Emerging Local Markets Bond Fund A EUR
Fund-8.40.47.8-2.71.1
+/-Cat-1.2-1.11.3-1.20.1
+/-B’mrk----3.00.2
 
Category: Global Emerging Markets Bond - Local Currency
Category Benchmark: Morningstar EM Govt Bd LCCY...
Key Stats
NAV
04/04/2025		 EUR 10.86
Day Change 0.57%
Morningstar Category™ Global Emerging Markets Bond - Local Currency
ISIN LU1655484183
Fund Size (Mil)
03/04/2025		 USD 69.52
Share Class Size (Mil)
03/04/2025		 EUR 3.28
Max Initial Charge -
Ongoing Charge
17/02/2025		  1.16%
Investment Objective: T. Rowe Price Funds SICAV - Emerging Local Markets Bond Fund A EUR
To maximise the value of its shares through both growth in the value of, and income from, its investments.
Returns
Trailing Returns (GBP)04/04/2025
YTD1.04
3 Years Annualised2.31
5 Years Annualised1.98
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Andrew Keirle
01/11/2012
Inception Date
02/08/2017

Category Benchmark
Fund BenchmarkMorningstar Benchmark
JPM GBI-EM Global Diversified TR USDMorningstar EM Govt Bd LCCY GR USD
Portfolio Profile for  T. Rowe Price Funds SICAV - Emerging Local Markets Bond Fund A EUR28/02/2025
Fixed Income
Effective Maturity-
Effective Duration-
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock2.000.002.00
Bond103.9920.3883.60
Property0.000.000.00
Cash31.9120.6811.22
Other1.970.001.97
Growth Of 1000 (GBP) 31/03/2025
Fund:  T. Rowe Price Funds SICAV - Emerging Local Markets Bond Fund A EUR
Category:  Global Emerging Markets Bond - Local Currency
Category Index:  Morningstar EM Govt Bd LCCY GR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-2.618.740.24-8.420.357.82-2.731.13
+/- Category-0.181.630.76-1.17-1.141.34-1.170.11
+/- Category Index-------3.040.24
% Rank in Category5831287064356843
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.57   1.151.29
1 Week0.25   0.580.75
1 Month-0.45   1.161.09
3 Months-0.19   0.510.84
6 Months-0.94   0.41-0.47
YTD1.04   0.681.15
1 Year-0.46   0.10-1.64
3 Years Annualised2.31   -0.72-0.63
5 Years Annualised1.98   0.100.07
10 Years Annualised-   --
 
Category: Global Emerging Markets Bond - Local Currency
Category Index: Morningstar EM Govt Bd LCCY GR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.13---
2024-1.52-2.212.46-1.43
20232.470.550.214.43
2022-1.30-1.852.890.69
2021-7.713.23-1.30-2.60
2020-10.7411.34-3.884.93
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage2 star
5-YearAverageAverage3 star
10-Year--Not Rated
OverallAverageAverage3 star
 
Category :  Global Emerging Markets Bond - Local CurrencyClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev6.23 %
3-Yr Mean Return2.73 %
 
3-Yr Sharpe Ratio-0.21
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM Govt Bd LCCY GR USD  Morningstar EM Govt Bd LCCY GR USD
3-Yr Beta1.131.13
3-Yr Alpha-0.55-0.55
 
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 71
Maturity Distribution %
1 to 36.74
3 to 529.23
5 to 712.26
7 to 1026.63
10 to 1512.09
15 to 207.07
20 to 302.85
Over 300.00
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA10.37   BB16.96
AA4.20   B5.06
A17.29   Below B0.06
BBB45.31   Not Rated0.74
 
Category: Global Emerging Markets Bond - Local Currency
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock2.000.002.00
Bond103.9920.3883.60
Property0.000.000.00
Cash31.9120.6811.22
Other1.970.001.97
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings1
Total Number of Bond Holdings148
Assets in Top 10 Holdings26.43
NameSectorCountry% of Assets
Mexico (United Mexican States) 8.5%Mexico3.33
China (People's Republic Of) 3.13%China3.19
Poland (Republic of) 6%Poland2.99
Czech (Republic of) 2%Czech Republic2.89
Malaysia (Government Of) 3.757%Malaysia2.54
India (Republic of) 7.26%India2.51
Secretaria Do Tesouro Nacional 10%Brazil2.43
Colombia (Republic Of) 6%Colombia2.24
Indonesia (Republic of) 7.5%Indonesia2.23
Indonesia (Republic of) 6.625%Indonesia2.09
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Bond - Local Currency
 
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 Date02/08/2017
Fund Advisor(s)
T. Rowe Price International Ltd
Fund ManagerAndrew Keirle
Manager Start Date01/11/2012
Career Start Year1997
Education
University of Swansea at the University of Wales, B.S.
 
Biography
Andrew Keirle is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd. He is a portfolio manager of the T. Rowe Price Emerging Markets Local Currency Bond Fund and chairman of the fund's Investment Advisory Committee. Before joining T. Rowe Price in 2005, he was a portfolio manager and analyst at Lazard Asset Management. Prior to joining Lazard, Andrew spent seven years as a global portfolio manager at Gulf International Bank in London. He is a qualified member of the Institute of Investment Management and Research, and he also holds a diploma from the Society of Technical Analysts. Andrew graduated from the University of Swansea at the University of Wales in 1996 with a B.Sc. in economics and politics.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.99%
Ongoing Charge1.16%
Purchase Details
Minimum Investments
Initial10000  GBP
Additional500  GBP
Savings-
Tax Free Savings Schemes
ISAsYes