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, T. Rowe Price Global Government Bond defeats Amundi Global Government Bond: 5-1.

T. Rowe Price Global Government Bond

The fund invests in an actively managed, concentrated global bond portfolio of high-conviction, high-quality government bonds from liquid sovereign markets, with limited exposure to emerging market risk.

Top 10 issuers:

JAPAN (19.92%)

U.S. TREASURIES (18.27%)

JPMORGAN CHASE (13.68%)

FRENCH REPUBLIC (10.97%)

REPUBLIC OF ITALY (10.34%)

UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND (9.20%)

REPUBLIC OF SINGAPORE (6.57%)

REPUBLIC OF IRELAND (1.48%)

KINGDOM OF BELGIUM (1.28%)

KINGDOM OF THE NETHERLANDS (0.74%)

Amundi Global Government Bond

The fund aims for a combination of income and capital growth (total return), and invests at least 67% of assets in investment-grade bonds that are either issued or guaranteed by OECD governments or supranational entities (at least 60% of assets), or issued by corporate entities.

Top 10 issuers:

UNITED KINGDOM (16.65%)

FEDERAL REPUBLIC OF GERMANY (11.13%)

SPAIN (KINGDOM OF) (7.57%)

UNITED STATES OF AMERICA (5.46%)

NEW ZEALAND (4.98%)

BRAZIL (4.98%)

ITALIAN REPUBLIC (4.83%)

CZECH REPUBLIC (4.33%)

JAPAN (3.48%)

AUSTRALIA (COMMONWEALTH OF) (3.24%)

*All relevant fund data converted to US dollars for comparative purposes. Performance, alpha and volatility are annualised over three years with data as reported at the end of last month. Information ratio (IR) aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.