SICAV
China Growth Leaders Equity Fund
A growth oriented, market-cap unconstrained portfolio investing in c.40-80 names across A-shares, H-shares and US-listed Chinese stocks. We seek to identify companies with highly disruptive technology or business models that can capture growth opportunities in fast growing addressable markets and provide long-term capital appreciation.
ISIN LU2243339947
View more information on risks
FACTSHEET
KIID
Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 30-Sep-2021
NAV
(USD)
$8.65
Data as of: 22-Oct-2021
1YR Return
(Annualised)
N/A
Data as of: 30-Sep-2021
Fund Size
(USD)
$5.7m
Data as of: 30-Sep-2021
Perf Change
(Daily)
1.29%
Data as of: 22-Oct-2021
3YR Return
(Annualised)
N/A
Data as of: 30-Sep-2021

Overview
Strategy
Fund Summary
We go across the market cap spectrum to identify companies with competitive edge in innovative technologies and high quality management teams that have a strong track record of execution and shareholder inclusiveness. We take a bottom-up approach seeking to invest in stocks with high quality free cash flow growth that can offer sustainable and growing return on capital.
SMALL-CAP
MID-CAP
LARGE-CAP

45
Holdings

Style
Growth
Risk & Reward Data

Risk return statistics are not available until 3 years of data is available.
MiFID II Regulations

In accordance with MiFID II regulations, performance data for this product will not be displayed until the fund has more than 12 complete months of data available.

Performance - Net of Fees
Current Year Performance
MTD
N/A
Benchmark*
N/A
Excess Return

N/A
QTD
N/A
Benchmark*
N/A
Excess Return

N/A
YTD
N/A
Benchmark*
N/A
Excess Return

N/A
Data as of 22-Oct-2021
1 Month
N/A
Benchmark*
N/A
Excess Return

N/A
3 Months
N/A
Benchmark*
N/A
Excess Return

N/A
Data as of 30-Sep-2021
 
Annualised Performance
1 YR
N/A
Benchmark*
N/A
Excess Return

N/A
3 YR
N/A
Benchmark*
N/A
Excess Return

N/A
5 YR
N/A
Benchmark*
N/A
Excess Return

N/A
Inception
N/A
Benchmark*
N/A
Excess Return

N/A
Manager Inception
N/A
Benchmark*
N/A
Excess Return

N/A
Data as of 30-Sep-2021
Indicative Benchmark : MSCI China 10-40 Index Net
Fund Inception: 19-Jan-2021
Manager Inception: 19-Jan-2021

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

Holdings
Total
Holdings
45
Largest
Tencent Holdings
9.54%
Was ( 30-Jun-2021 )

8.89%
Top 10
50.17%
Purchase
Warom Technology (N)
1.98%
Was ( 30-Jun-2021 )
0.00%
Sale
Silergy (E)
0.00%
Was ( 30-Jun-2021 )
2.00%
Data as of 30-Sep-2021
Sectors
Total
Sectors
9
Largest
Consumer Discretionary
36.35%
Was ( 31-Aug-2021 )
36.13%
Over
Consumer Discretionary
By 5.70%
Fund
36.35%
Benchmark*
30.65%
Under
Financials
By -13.98%
Fund
1.17%
Benchmark*
15.14%
Data as of 30-Sep-2021
Data as of 30-Sep-2021
Indicative Benchmark: MSCI China 10-40 Index

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


Team
Jacqueline Liu,
Portfolio Manager
Jacqueline (Jackie) Liu is a regional portfolio manager in the Equity Division of T. Rowe Price International Investment. She manages the China Growth Leaders Strategy. She is also a research analyst covering Asia internet sector for both public and private market investments.
Portfolio Manager since
2021
Years at T. Rowe Price
6
Years investment experience
13
Irmak Surenkok,
Portfolio Specialist
Irmak Surenkok is a portfolio specialist in the Equity Division at T. Rowe Price, representing the firm's regional and global emerging markets equity portfolio managers to institutional clients, consultants and prospects.
Years at T. Rowe Price
3
Years investment experience
17
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Investment Management Fee Ongoing
Charges1
Class A $1000 $100 5.00% 160 basis points 1.77%
Class Q $1000 $100 N/A 75 basis points 0.92%
Class I $2,500,000 $100,000 N/A 75 basis points 0.85%

In accordance with MiFID II regulations, performance data for this product will not be displayed until the fund has more than 12 complete months of data available.

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.

Past performance is not a reliable indicator of future performance.

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 (up to a maximum of 5% for the A Class), taxes and other locally applied costs have not been deducted and if applicable, they will reduce the performance figures.

Daily performance data is based on the latest available NAV.  

The Funds are sub-funds of the T. Rowe Price Funds SICAV, a Luxembourg investment company with variable capital which is registered with Commission de Surveillance du Secteur Financier 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 website do not represent all of the securities purchased, sold, or recommended for the sub-fund and no assumptions should be made that the securities identified and discussed were or will be profitable.

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 Investment Management Fee and is charged per annum.