Global Impact Short Duration Bond Fund Cn GBP Acc

Objective To have a positive impact on the environment and society by investing in sustainable investments, where the companies' current or future business activities are expected to generate a positive impact whilst at the same time seeking to increase the value of its shares through both growth in the value of, and income from, its investments. Portfolio securities The fund is actively managed and invests mainly in a diversified portfolio of shorter maturity bonds from issuers around the world, including emerging markets. The fund has sustainable investment as an objective that the fund aims to achieve through its commitment to only invest in sustainable investments (excluding cash and derivatives used for portfolio management techniques for the purpose of hedging, liquidity management and risk reduction). The investment manager implements the following investment strategies: impact exclusions and positive impact inclusion. Details of how E & S are promoted are further explained in the fund's Sustainability annex to the prospectus. https://www.funds.troweprice.com/uk/en/The fund may use derivatives for hedging and efficient portfolio management. The fund may also use derivatives to create synthetic short positions in currencies, debt securities, credit indices and equities. Investment process The investment manager will use T. Rowe Price's in-house proprietary impact screening process to select companies for its portfolio. Each company selected for inclusion in the fund's portfolio has current or future business activities that are expected to generate a material and measurable positive impact under one of the three impact pillars listed in the 'T. Rowe Price Impact Inclusion Criteria' section. In addition, the investment manager will invest in ESG-labelled bonds that fund projects deemed to generate material and measurable impact, tied to one of the three impact pillars. The ESG-labelled bonds include bond where proceeds are dedicated to financing environmental or social projects. ESG-labelled bonds will be analysed through T. Rowe Price's in-house proprietary ESG bond model, which assess the security's ESG's profile, sustainable finance framework, use of proceeds, and post-issuance reporting. Impact Investment Framework: The fund seeks to achieve its sustainable investment objective through the investment manager's impact inclusion criteria, investment process alignment with one or more of the UN Sustainable Development Goals (UN SDGs) and the application of its proprietary impact exclusion list which aims to avoid sectors and/or companies whose activities may be considered harmful to the environment and/or society. Securities are screened first to exclude those whose activities may be considered harmful to the environment and/or society, through exposure to the categories outlined in the proprietary impact exclusion list. Securities are also screened with respect to conduct issues as determined through the investment manager's ESG assessment. The investment manager then selects companies, from the remaining universe on the basis of the positive impact inclusion criteria. As the fund has a sustainable investment objective, it must also ensure that the securities it holds do not cause significant harm to any environmental or social objective and investee companies follow good governance practices. The fund embeds governance analysis into the investment process and engages in active ownership, monitoring, and mutual engagement with the issuers of the securities in which it invests. This includes regular dialogue with issuers. SFDR classification Article 9. https://www.troweprice.com/esg. Benchmark Bloomberg Global Aggregate 1-5 Year Index Hedged to USD. The investment manager is not constrained by any country, sector and/or individual security weightings relative to the benchmark index and has complete freedom to invest in securities that do not form part of the benchmark. However, at times, market conditions may result in the fund's performance being more closely aligned with that of the benchmark index. Benchmark use For Performance comparison. Portfolio reference currency USD Income generated by the fund is reinvested and included in the value of its shares. Orders to buy, switch and redeem shares are ordinarily processed any day that is a full bank business day in Luxembourg except on days when markets, in which a substantial amount of the portfolio is traded, are closed or the day before. Please consult the following link, https://www.troweprice.com/financial-intermediary/lu/en/funds.html, for the dealing calendar and any applicable exceptions. Orders received and accepted by 13:00 Luxembourg time on a business day will generally be processed that day.