Morningstar Fund Report  | 03/04/2025Print

T. Rowe Price Funds OEIC China Evolution Equity Fund C Acc 9 GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
T. Rowe Price Funds OEIC China Evolution Equity Fund C Acc 9 GBP
Fund--15.0-20.814.32.4
+/-Cat-0.7-0.40.0-5.4
+/-B’mrk--4.7-5.7-5.6-8.9
 
Category: China Equity
Category Benchmark: Morningstar China TME NR USD
Key Stats
NAV
02/04/2025		 GBP 7.60
Day Change 0.30%
Morningstar Category™ China Equity
IA (formerly IMA) Sector China/Greater China
ISIN GB00BMHRMM32
Fund Size (Mil)
02/04/2025		 GBP 5.41
Share Class Size (Mil)
02/04/2025		 GBP 0.74
Max Initial Charge -
Ongoing Charge
10/02/2025		  0.79%
Investment Objective: T. Rowe Price Funds OEIC China Evolution Equity Fund C Acc 9 GBP
To increase the value of its shares through growth in the value of its investments over the long term (a minimum of 5 years). The fund is actively managed and invests in a portfolio of shares of Chinese companies and may have significant exposure to smaller capitalisation companies (up to 45% of the total assets of the fund, where by smaller capitalisation the investment manager considers companies with a market capitalization below USD 5 billion). The fund aims to invest in companies with high returns on capital in the long-term, focusing on opportunities in the evolving Chinese economy. The fund invests at least 80% of total assets in shares and related securities issued by companies that are either incorporated in China, Hong Kong, Macau or Taiwan, or conduct most of their business in China.
Returns
Trailing Returns (GBP)02/04/2025
YTD3.58
3 Years Annualised-1.39
5 Years Annualised-
10 Years Annualised-
12 Month Yield 1.97
Management
Manager Name
Start Date
Wenli Zheng
10/12/2021
Inception Date
10/12/2021

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI China All Shares NR USDMorningstar China TME NR USD
Portfolio Profile for  T. Rowe Price Funds OEIC China Evolution Equity Fund C Acc 9 GBP28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.010.0097.01
Bond0.000.000.00
Property0.000.000.00
Cash3.130.142.99
Other0.000.000.00
Top 5 Regions%
Asia - Emerging90.21
Asia - Developed9.79
United States0.00
Canada0.00
Latin America0.00
Top 5 Sectors%
Industrials27.89
Technology22.40
Consumer Cyclical14.71
Real Estate12.44
Communication Services6.07
Top 5 HoldingsSector%
China Resources Mixc Lifestyle S... Real EstateReal Estate5.14
CRRC Corp Ltd Class HIndustrialsIndustrials3.21
Electric Connector Technology Co... TechnologyTechnology2.93
Hongfa Technology Co Ltd Class AIndustrialsIndustrials2.78
China Tower2.64
Increase Decrease New since last portfolio
T. Rowe Price Funds OEIC China Evolution Equity Fund C Acc 9 GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  T. Rowe Price Funds OEIC China Evolution Equity Fund C Acc 9 GBP
Category:  China Equity
Category Index:  Morningstar China TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 20222023202431/03
Price Return-15.04-20.8214.282.38
+/- Category0.74-0.44-0.02-5.44
+/- Category Index-4.65-5.74-5.57-8.89
% Rank in Category48525189
Trailing Returns (GBP)02/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.30   -0.080.58
1 Week0.35   0.871.84
1 Month0.52   1.370.87
3 Months4.92   -3.62-7.75
6 Months1.65   -4.740.12
YTD3.58   -4.95-7.97
1 Year9.79   -14.42-22.16
3 Years Annualised-1.39   0.49-5.20
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: China Equity
Category Index: Morningstar China TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20252.38---
20244.665.994.97-1.86
2023-0.82-12.32-1.46-7.60
2022-16.5913.86-11.741.35
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-Year--Not Rated
10-Year--Not Rated
OverallAverageAverage3 star
 
Category :  China EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev26.98 %
3-Yr Mean Return1.55 %
 
3-Yr Sharpe Ratio-0.09
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar China TME NR USD  Morningstar China TME NR USD
3-Yr Beta0.840.86
3-Yr Alpha-6.22-8.30
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 5478-
Market Capitalisation% of Equity
Giant16.63
Large53.91
Medium28.97
Small0.48
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.871.31
Price/Book2.241.36
Price/Sales1.891.26
Price/Cash Flow11.051.11
Dividend-Yield Factor2.600.96
 
Long-Term Projected Earnings Growth14.252.13
Historical Earnings Growth3.8310.21
Sales Growth6.212.56
Cash-Flow Growth1.210.31
Book-Value Growth5.611.19
 
Category: China Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.010.0097.01
Bond0.000.000.00
Property0.000.000.00
Cash3.130.142.99
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 - Developed9.791.48
Asia - Emerging90.210.98
 
Category: China Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials2.891.12
Consumer CyclicalConsumer Cyclical14.710.50
Real EstateReal Estate12.444.17
Consumer DefensiveConsumer Defensive5.911.04
HealthcareHealthcare4.731.01
Communication ServicesCommunication Services6.070.36
EnergyEnergy2.961.51
IndustrialsIndustrials27.893.60
TechnologyTechnology22.402.35
 
Category: China Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings59
Total Number of Bond Holdings0
Assets in Top 10 Holdings29.09
NameSectorCountry% of Assets
China Resources Mixc Lifestyle Servic... 104China5.14
CRRC Corp Ltd Class H310China3.21
Electric Connector Technology Co Ltd ... 311China2.93
Hongfa Technology Co Ltd Class A310China2.78
China TowerChina2.64
KE Holdings Inc ADR104China2.63
Tencent Music Entertainment Group ADR308China2.47
Yankershop Food Co Ltd Class A205China2.45
Kanzhun Ltd ADR308China2.43
Will SemiconductorChina2.41
 
Increase Decrease New since last portfolio
Category: China Equity
 
Management
Name of CompanyT. Rowe Price UK Limited
Phone-
Website -
Address60 Queen Victoria Street, London, United Kingdom,EC4N 4TZ
 London   EC4N 4TZ
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date10/12/2021
Fund Advisor(s)
T. Rowe Price International Ltd
Fund ManagerWenli Zheng
Manager Start Date10/12/2021
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 Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.65%
Ongoing Charge0.79%
Purchase Details
Minimum Investments
Initial10000  GBP
Additional500  GBP
Savings-
Tax Free Savings Schemes
ISAsNo