OEIC
Asian Opportunities Equity Fund
A concentrated portfolio of high-quality Asian companies.
ISIN GB00BF0S8S26
View more information on risks
FACTSHEET
KIID
Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 30-Sep-2020
NAV
(GBP)
£13.46
Data as of: 20-Oct-2020

1YR Return
14.17%
IA Sector ranking: 27/104
Data as of: 30-Sep-2020
Fund Size
(GBP)
£4.9m
Data as of: 30-Sep-2020
Perf Change
(Daily)
0.92%
Data as of: 20-Oct-2020
Since Inception
(Cumulative)
27.41%
IA Sector ranking: N/A
Data as of: 30-Sep-2020

This fund's strategy is also available as a SICAV
Overview
Strategy
Fund Summary
Enhanced long-term growth through a geographically concentrated portfolio of well-managed Asian companies (excluding Japan).
SMALL-CAP
MID-CAP
LARGE-CAP

58
Holdings

Style
Agnostic
Risk & Reward Data

N/A
Performance
YTD 1 year 3 year

Cumulative

5 year

Cumulative

Since Inception

Cumulative

Fund 9.17% 14.17% N/A N/A 27.41%
IA Sector Ranking 38/105 27/104 N/A N/A N/A
IA Sector 5.84% 8.09% N/A N/A 13.20%
Excess Return 3.33% 6.08% N/A N/A 14.21%
Indicative Benchmark 8.02% 12.32% N/A N/A 13.07%
Excess Return 1.15% 1.85% N/A N/A 14.34%

Data as of 30-Sep-2020

Holdings
Total
Holdings
58
Largest
Alibaba Group Holding
9.69%
Was ( 30-Jun-2020 )

8.71%
Top 10
48.46%
Contributor
Alibaba Group Holding
By 2.80%
% of fund
10.00%
Detractor
Tencent Holdings
By -4.64%
% of fund
7.36%
Purchase
Alibaba Group Holding
9.97%
Was ( 30-Jun-2020 )
8.71%
Sale
China Yongda Automobiles Services Hldgs
1.86%
Was ( 30-Jun-2020 )
3.61%
Data as of 30-Sep-2020
Sectors
Total
Sectors
8
Largest
Consumer Discretionary
30.71%
Was ( 31-Aug-2020 )
31.11%
Contributor
Industrials & Business Services
By 0.56%
Sector
0.06%
Selection
0.50%
Detractor
Consumer Staples
By -1.94%
Sector
-0.39%
Selection
-1.55%
Data as of 30-Sep-2020
Over
Consumer Discretionary
By 9.84%
Fund
30.71%
Benchmark*
20.87%
Under
Health Care
By -4.76%
Fund
0.00%
Benchmark*
4.76%
Data as of 30-Sep-2020
Data as of 30-Sep-2020
Indicative Benchmark: MSCI All Country Asia ex Japan Index (unhedged)

* The index shown is not a formal benchmark. It is shown only for comparison purposes.

Regions
Data as of
Countries
Total
Countries
11
Largest
China
40.12%
Was ( 31-Aug-2020 )
40.10%
Contributor
Taiwan
By 0.83%
Country
-0.19%
Selection
1.02%
Detractor
India
By -0.75%
Country
-0.01%
Selection
-0.74%
Data as of 30-Sep-2020
Over
Hong Kong
By 5.41%
Fund
13.13%
Benchmark*
7.72%
Under
China
By -6.83%
Fund
40.12%
Benchmark*
46.95%
Data as of 30-Sep-2020
Data as of 30-Sep-2020
Indicative Benchmark: MSCI All Country Asia ex Japan Index (unhedged)

* The index shown is not a formal benchmark. It is shown only for comparison purposes.


Team
Eric C. Moffett,
Portfolio Manager
Eric Moffett is the portfolio manager for the firm's Asia Opportunities equity strategy and chairman of the strategy's Investment Advisory Committee.
Portfolio Manager since
2016
Years at
T. Rowe Price
12
Years investment experience
19
Leigh Innes,
Portfolio Specialist
Leigh Innes is a portfolio specialist in the Equity Division at T. Rowe Price, representing the firm's emerging market strategies to institutional clients, consultants and prospects.
Years at
T. Rowe Price
17
Years investment experience
22
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Management Charge Ongoing Charge1
Class C GBP10,000 GBP500 N/A Up to 0.75% 0.92%

Indicative Benchmark Data Source: MSCI. MSCI and its affiliates and third party sources and providers (collectively, “MSCI”) makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed, or produced by MSCI. Historical MSCI data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Source for performance: T. Rowe Price. Fund performance is calculated using the official NAV with dividends reinvested, if any. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested. It will be affected by changes in the exchange rate between the base currency of the fund and the subscription currency, if different. Sales charges, taxes and other locally applied costs have not been deducted and if applicable, they will reduce the performance figures.

Past performance is not a reliable indicator of future performance. 

Benchmark: Investors may use the benchmark to compare the fund’s performance. The benchmark has been selected because it is similar to the investment universe used by the investment manager and therefore acts as an appropriate comparator. The investment manager is not constrained by any country, sector and/or individual security weightings relative to the benchmark and has complete freedom to invest in securities that do not form part of the benchmark.

IA Sector: Many UK funds are grouped into sectors by the Investment Association (the “IA”) (the trade body that represents UK investment managers), to help investors to compare funds with broadly similar characteristics. Investors may compare the fund against the performance of the Asia Pacific Excluding Japan sector. This sector represents the average performance of certain funds that invest at least 80% of their assets in Asia Pacific shares and exclude Japanese securities. It can therefore serve as a method of comparing the fund’s performance with other funds that have broadly similar characteristics. The fund is not constrained to or managed in line with this sector. Source for IA Sector Data: © Morningstar. All Rights Reserved.

Daily performance data is based on the latest available NAV.  

The Funds are sub-funds of the T. Rowe Price Funds OEIC, an investment company with variable capital incorporated in England and Wales which is registered with the UK Financial Conduct Authority and which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). Full details of the objectives, investment policies and risks are located in the prospectus which is available with the key investor information documents in English and in an official language of the jurisdictions in which the Funds are registered for public sale, together with the articles of incorporation and the annual and semi-annual reports (together "Fund Documents"). Any decision to invest should be made on the basis of the Fund Documents which are available free of charge from the local representative, local information/paying agent or from authorised distributors and via www.troweprice.com.

Please note that the Fund typically has a risk of high volatility.

The specific securities identified and described in this report do not represent all of the securities purchased, sold, or recommended for the OEIC sub-fund and no assumptions should be made that the securities identified and discussed were or will be profitable.

Attribution Data: Analysis represents the total performance of the portfolio as calculated by the FactSet attribution model and is inclusive of other assets that that will not receive a classification assignment in the detailed structure shown. Returns will not match official T. Rowe Price performance because FactSet uses different exchange rate sources and does not capture intra-day trading. Performance for each security is obtained in the local currency and, if necessary, is converted to U.S. dollars using an exchange rate determined by an independent third party. Figures are shown with gross dividends reinvested.

Sources: Copyright © 2020 FactSet Research Systems Inc. All rights reserved. MSCI/S&P GICS Sectors; Analysis by T. Rowe Price Associates, Inc. T. Rowe Price uses the MSCI/S&P Global Industry Classification Standard (GICS) for sector and industry reporting. Each year, MSCI and S&P make changes to the GICS structure. The last change occurred on September 28, 2018. T. Rowe Price will adhere to all future updates to GICS for prospective reporting.

The Global Industry Classification Standard ("GICS") was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc, ("MSCI") and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. ("S&P") and is licensed for use by [Licensee]. Neither MSCI, S&P nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or impIied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any or such standard or classification, Without limiting any or the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

A full list of the currently issued Share Classes including Distributing, Hedged, and Accumulating Categories may be obtained, free of charge and upon request, from the registered office of the Company.  

1 Please note that the Ongoing Charges figure is inclusive of the Management Charge and is charged per annum.

Citywire - where the Fund manager is rated by Citywire the rating is based on the manager's 3 year risk adjusted performance.