Morningstar Fund Report  | 02/04/2025Print

T. Rowe Price Funds SICAV - China Evolution Equity Fund A

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
T. Rowe Price Funds SICAV - China Evolution Equity Fund A
Fund3.8-16.5-20.912.42.9
+/-Cat18.6-0.7-0.5-1.9-6.6
+/-B’mrk24.9-6.1-5.8-7.5-9.1
 
Category: China Equity
Category Benchmark: Morningstar China TME NR USD
Key Stats
NAV
01/04/2025		 USD 8.69
Day Change 0.45%
Morningstar Category™ China Equity
ISIN LU2187417386
Fund Size (Mil)
01/04/2025		 USD 202.50
Share Class Size (Mil)
01/04/2025		 USD 19.32
Max Initial Charge 5.00%
Ongoing Charge
17/02/2025		  1.87%
Investment Objective: T. Rowe Price Funds SICAV - China Evolution Equity Fund A
To increase the value of its shares, over the long term, through growth in the value of its investments.
Returns
Trailing Returns (GBP)01/04/2025
YTD3.07
3 Years Annualised-2.67
5 Years Annualised-
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Wenli Zheng
10/08/2020
Inception Date
10/08/2020

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI China All Shares NR USDMorningstar China TME NR USD
Portfolio Profile for  T. Rowe Price Funds SICAV - China Evolution Equity Fund A28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.690.0099.69
Bond0.000.000.00
Property0.000.000.00
Cash1.100.780.31
Other0.000.000.00
Top 5 Regions%
Asia - Emerging89.78
Asia - Developed10.22
United States0.00
Canada0.00
Latin America0.00
Top 5 Sectors%
Industrials27.11
Technology23.95
Consumer Cyclical14.51
Real Estate12.22
Communication Services5.97
Top 5 HoldingsSector%
China Resources Mixc Lifestyle S... Real EstateReal Estate5.29
CRRC Corp Ltd Class HIndustrialsIndustrials3.31
Electric Connector Technology Co... TechnologyTechnology2.98
Hongfa Technology Co Ltd Class AIndustrialsIndustrials2.76
China Tower2.72
Increase Decrease New since last portfolio
T. Rowe Price Funds SICAV - China Evolution Equity Fund A
Growth Of 1000 (GBP) 28/02/2025
Fund:  T. Rowe Price Funds SICAV - China Evolution Equity Fund A
Category:  China Equity
Category Index:  Morningstar China TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 202120222023202428/02
Price Return3.80-16.45-20.9212.382.87
+/- Category18.61-0.67-0.54-1.92-6.56
+/- Category Index24.90-6.06-5.84-7.48-9.07
% Rank in Category456525993
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.45   1.57-0.10
1 Week0.64   3.350.94
1 Month0.19   1.390.26
3 Months3.07   -5.22-8.80
6 Months-0.95   -8.07-9.02
YTD3.07   -5.22-8.80
1 Year11.00   -14.40-23.55
3 Years Annualised-2.67   -1.73-6.59
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: China Equity
Category Index: Morningstar China TME NR USD
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20243.785.455.86-2.99
2023-0.29-12.63-1.86-7.50
2022-18.3113.69-11.301.41
20216.953.47-6.02-0.20
2020---10.87
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAverage2 star
5-Year--Not Rated
10-Year--Not Rated
OverallBelow AverageAverage2 star
 
Category :  China EquityClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev27.06 %
3-Yr Mean Return-2.75 %
 
3-Yr Sharpe Ratio-0.25
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 Morningstar China TME NR USD  Morningstar China TME NR USD
3-Yr Beta0.850.85
3-Yr Alpha-9.23-9.23
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 7063-
Market Capitalisation% of Equity
Giant18.29
Large52.79
Medium28.44
Small0.48
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.881.32
Price/Book2.231.36
Price/Sales1.871.24
Price/Cash Flow10.931.10
Dividend-Yield Factor2.600.96
 
Long-Term Projected Earnings Growth14.802.21
Historical Earnings Growth3.278.71
Sales Growth6.012.48
Cash-Flow Growth0.820.21
Book-Value Growth5.601.19
 
Category: China Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.690.0099.69
Bond0.000.000.00
Property0.000.000.00
Cash1.100.780.31
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.000.00
Middle East0.00-
Japan0.000.00
Australasia0.00-
Asia - Developed10.221.54
Asia - Emerging89.780.98
 
Category: China Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials2.841.10
Consumer CyclicalConsumer Cyclical14.510.49
Real EstateReal Estate12.224.09
Consumer DefensiveConsumer Defensive5.841.03
HealthcareHealthcare4.691.00
Communication ServicesCommunication Services5.970.36
EnergyEnergy2.871.46
IndustrialsIndustrials27.113.50
TechnologyTechnology23.952.51
 
Category: China Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings59
Total Number of Bond Holdings0
Assets in Top 10 Holdings29.82
NameSectorCountry% of Assets
China Resources Mixc Lifestyle Servic... 104China5.29
CRRC Corp Ltd Class H310China3.31
Electric Connector Technology Co Ltd ... 311China2.98
Hongfa Technology Co Ltd Class A310China2.76
China TowerChina2.72
KE Holdings Inc ADR104China2.72
Tencent Music Entertainment Group ADR308China2.55
Yankershop Food Co Ltd Class A205China2.52
Kanzhun Ltd ADR308China2.51
ZTO Express (Cayman) Inc ADR310China2.46
 
Increase Decrease New since last portfolio
Category: China 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 Date10/08/2020
Fund Advisor(s)
T. Rowe Price International Ltd
Fund ManagerWenli Zheng
Manager Start Date10/08/2020
Education
University of Chicago, M.B.A.
South China University of Technology, B.A./B.S.
 
Biography
Wenli Zheng has been chairman of the committee since 2019. He joined the Firm in 2008 and his investment experience dates from that time. Wenli completed an internship at T. Rowe Price in 2007 and has been with the firm since 2008. Prior to joining T. Rowe Price, he was a strategy consultant at Capgemini in China. Wenli earned an M.B.A. from the University of Chicago and a dual bachelor's degree in industrial engineering and economics from the South China University of Technology.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.70%
Ongoing Charge1.87%
Purchase Details
Minimum Investments
Initial1000  USD
Additional100  USD
Savings-
Tax Free Savings Schemes
ISAsNo