Morningstar Fund Report  | 13/04/2025Print

T. Rowe Price Funds SICAV - Asian ex-Japan Equity Fund A USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
T. Rowe Price Funds SICAV - Asian ex-Japan Equity Fund A USD
Fund-3.8-13.6-5.86.5-2.3
+/-Cat-0.9-2.3-1.6-4.6-0.1
+/-B’mrk-0.8-5.8-6.8-5.7-0.7
 
Category: Asia ex-Japan Equity
Category Benchmark: Morningstar Asia xJpn TME N...
Key Stats
NAV
11/04/2025		 USD 15.56
Day Change 0.81%
Morningstar Category™ Asia ex-Japan Equity
ISIN LU0266341212
Fund Size (Mil)
11/04/2025		 USD 300.46
Share Class Size (Mil)
11/04/2025		 USD 40.47
Max Initial Charge -
Ongoing Charge
17/02/2025		  1.77%
Morningstar Research
Analyst Report08/08/2024
Claire Liang, Strategist
Morningstar, Inc

T. Rowe Price Responsible Asian ex-Japan Equity is an appealing equity offering thanks to its capable lead manager, well-resourced analyst team, and robust investment approach. The Luxembourg-domiciled vehicle continues to earn a Morningstar...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent25
Process24
Performance
Price
Investment Objective: T. Rowe Price Funds SICAV - Asian ex-Japan Equity Fund A 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-8.78
3 Years Annualised-3.14
5 Years Annualised0.52
10 Years Annualised2.79
12 Month Yield 0.00
Management
Manager Name
Start Date
Anh Lu
01/06/2009
Inception Date
28/01/2008

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI AC Asia Ex Japan NR USDMorningstar Asia xJpn TME NR USD
Portfolio Profile for  T. Rowe Price Funds SICAV - Asian ex-Japan Equity Fund A USD28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.180.0099.18
Bond0.000.000.00
Property0.000.000.00
Cash0.860.050.82
Other0.000.000.00
Top 5 Regions%
Asia - Emerging59.63
Asia - Developed39.18
United States1.19
Canada0.00
Latin America0.00
Top 5 Sectors%
Technology29.60
Financial Services23.88
Consumer Cyclical14.75
Communication Services13.98
Industrials8.15
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology9.45
Tencent Holdings LtdCommunication ServicesCommunication Services8.69
Alibaba Group Holding Ltd Ordina... Consumer CyclicalConsumer Cyclical3.86
DBS Group Holdings LtdFinancial ServicesFinancial Services3.65
MediaTek IncTechnologyTechnology3.49
Increase Decrease New since last portfolio
T. Rowe Price Funds SICAV - Asian ex-Japan Equity Fund A USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  T. Rowe Price Funds SICAV - Asian ex-Japan Equity Fund A USD
Category:  Asia ex-Japan Equity
Category Index:  Morningstar Asia xJpn TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-10.4620.8223.95-3.84-13.56-5.826.54-2.32
+/- Category1.506.101.13-0.92-2.34-1.61-4.59-0.13
+/- Category Index-3.547.333.36-0.82-5.75-6.81-5.74-0.72
% Rank in Category3918395265688359
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.81   0.60-0.03
1 Week-5.69   -1.240.29
1 Month-7.73   0.22-0.32
3 Months-8.75   0.20-0.47
6 Months-10.51   0.490.54
YTD-8.78   0.24-0.69
1 Year-5.40   -1.10-3.12
3 Years Annualised-3.14   -1.52-3.97
5 Years Annualised0.52   -2.48-4.19
10 Years Annualised2.79   -0.79-1.75
 
Category: Asia ex-Japan Equity
Category Index: Morningstar Asia xJpn TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-2.32---
20240.725.891.14-1.23
20232.57-6.57-3.922.29
2022-10.800.14-6.193.14
20213.560.99-5.88-2.32
2020-11.9320.505.5510.65
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAverage2 star
5-YearBelow AverageAverage2 star
10-YearBelow AverageBelow Average3 star
OverallBelow AverageAverage3 star
 
Category :  Asia ex-Japan EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev15.67 %
3-Yr Mean Return-0.55 %
 
3-Yr Sharpe Ratio-0.29
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Asia xJpn TME NR USD  Morningstar Asia xJpn TME GR USD
3-Yr Beta1.021.02
3-Yr Alpha-3.93-4.29
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 55624-
Market Capitalisation% of Equity
Giant66.14
Large28.42
Medium4.83
Small0.62
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.201.08
Price/Book2.151.22
Price/Sales2.241.28
Price/Cash Flow7.931.16
Dividend-Yield Factor2.531.02
 
Long-Term Projected Earnings Growth10.350.99
Historical Earnings Growth7.051.19
Sales Growth4.540.99
Cash-Flow Growth9.840.99
Book-Value Growth7.991.09
 
Category: Asia ex-Japan Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.180.0099.18
Bond0.000.000.00
Property0.000.000.00
Cash0.860.050.82
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States1.190.55
Canada0.000.00
Latin America0.000.00
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.00-
Middle East0.00-
Japan0.000.00
Australasia0.000.00
Asia - Developed39.181.03
Asia - Emerging59.631.02
 
Category: Asia ex-Japan Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials0.890.35
Consumer CyclicalConsumer Cyclical14.750.78
Financial ServicesFinancial Services23.881.09
Real EstateReal Estate3.951.36
Consumer DefensiveConsumer Defensive1.730.52
HealthcareHealthcare0.960.34
UtilitiesUtilities0.190.23
Communication ServicesCommunication Services13.981.25
EnergyEnergy1.921.09
IndustrialsIndustrials8.151.30
TechnologyTechnology29.601.07
 
Category: Asia ex-Japan Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings73
Total Number of Bond Holdings0
Assets in Top 10 Holdings41.95
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan9.45
Tencent Holdings Ltd308China8.69
Alibaba Group Holding Ltd Ordinary Sh... 102China3.86
DBS Group Holdings Ltd103Singapore3.65
MediaTek Inc311Taiwan3.49
Samsung Electronics Co Ltd311Korea, Republic Of3.19
Infosys Ltd ADR311India2.47
Sunny Optical Technology (Group) Co Ltd311China2.43
ICICI Bank Ltd103India2.43
KE Holdings Inc ADR104China2.30
 
Increase Decrease New since last portfolio
Category: Asia ex-Japan Equity
 
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 Date28/01/2008
Fund Advisor(s)
T. Rowe Price International Ltd
Fund ManagerAnh Lu
Manager Start Date01/06/2009
Career Start Year1992
Education
University of Western Ontario, B.A.
 
Biography
Anh Lu has been chairman of the committee since 2009. Ms. Lu is a portfolio manager in the Equity Division of T. Rowe Price Hong Kong Limited. Ms. Lu is the lead portfolio manager for the Asia ex-Japan Equity Strategy. Ms. Lu is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Hong Kong Limited. She joined the Firm in 2001 and her investment experience dates from 1995. Prior to joining the firm, she was a vice president of the Asia Pacific Technology Investment Banking Division of Salomon Smith Barney in Hong Kong. Before Salomon Smith Barney, Anh spent three years at LGT Asset Management as an analyst and portfolio manager. Ms. Lu earned a B.A. with honours from the University of Western Ontario.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.60%
Ongoing Charge1.77%
Purchase Details
Minimum Investments
Initial10000  GBP
Additional500  GBP
Savings-
Tax Free Savings Schemes
ISAsYes