Based on the popular 80s card game, each week we select an asset class and use FE fundinfo data to compare two funds based on their three-year performance, assets under management, alpha, volatility, ongoing charges and information ratio to decide which is the Top Trump.
This week, the T Rowe Price Global High Income Bond fund defeats the Capital Group Global High Income Opportunities fund 5-1.
Capital Group Global High Income Opportunities fund
The fund seeks to provide, over the long term, a high level of total return, of which a
large component is current income by investing primarily in emerging market bonds
and corporate high yield bonds from around the world, denominated in US dollars and
various national currencies (including emerging markets currencies).
Top 10 holdings:
- Mexico government (4.1%)
- Brazil government (2.9%)
- Indonesia government (2.8%)
- South Africa government (2.5%)
- Poland government (2%)
- Colombia government (1.8%)
- Saudi Arabia government (1.7%)
- Egypt government (1.6%)
- Malaysia government (1.4%)
- Turkey government (1.4%)
T Rowe Price Global High Income Bond fund
The fund is actively managed and invests mainly in a diversified portfolio of high-yield corporate bonds from issuers around the world, including emerging markets. Although the
fund does not have sustainable investment as an objective, the promotion of environmental and/or social characteristics is achieved through the fund’s commitment to maintain
at least 10% of the value of its portfolio invested in Sustainable Investments, as defined by the SFDR.
Top 10 holdings:
- Petroleos Mexicanos (2.4%)
- Carnival Entertainment & Leisure (1.9%)
- Venture Global (1.6%)
- LifePoint Health (1.1%)
- Altice Finco (1.1%)
- Gruenenthal Pharma (1.1%)
- Axian Telecom (1.1%)
- Navient (1.1%)
- ProGroup (1.1%)
- Community Health Systems (1.1%)
