AUT
Asia ex-Japan Equity Fund
Growth opportunities in a high-conviction portfolio of Asian (excluding Japan, Australia and New Zealand) companies.
APIR ETL0160AU
PERFORMANCE REPORT
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Risk & Reward?
Low Med High
Entry
(AUD)
$1.54
1YR Return
(Annualised)
5.53%
Fund Size
(AUD)
$47.2m
Exit    
0.45%

(AUD)
$1.54
3YR Return
(Annualised)
13.39%

Overview
Strategy
Fund Summary
Long-term capital growth through a focused portfolio of Asian companies (excluding Japan).
SMALL-CAP
MID-CAP
LARGE-CAP

82
Holdings

Style
Growth
Risk & Reward Data
Information Ratio
0.02
Sharpe Ratio
0.38
Historical Tracking Error
3.80%
Performance - Net of Fees
Current Year Performance
MTD
0.74%
Benchmark
-0.01%
Excess Return

0.75%
QTD
0.74%
Benchmark
-0.01%
Excess Return

0.75%
YTD
15.53%
Benchmark
11.04%
Excess Return

4.49%
Data as of 15-Jul-2019
1 Month
5.02%
Benchmark
5.23%
Excess Return

-0.21%
3 Months
0.96%
Benchmark
0.56%
Excess Return

0.40%
Data as of 30-Jun-2019
 
Annualised Performance
1 YR
5.53%
Benchmark
4.79%
Excess Return

0.74%
3 YR
13.39%
Benchmark
13.72%
Excess Return

-0.33%
5 YR
11.33%
Benchmark
11.25%
Excess Return

0.08%
10 YR
10.26%
Benchmark
9.41%
Excess Return

0.85%
Manager Inception
10.21%
Benchmark
9.17%
Excess Return

1.04%
Data as of 30-Jun-2019
Benchmark : MSCI All Country Asia ex Japan Index Net
Fund Inception: 18-Mar-2008
Manager Inception: 31-May-2009
Holdings
Total
Holdings
82
Largest
Tencent Holdings
6.96%
Was ( 31-Mar-2019 )

6.70%
Top 10
40.60%
Contributor
Samsung Electronics
By 2.77%
% of fund
7.39%
Detractor
Alibaba Group Holding
By -4.07%
% of fund
5.63%
Purchase
MediaTek (N)
1.49%
Was ( 31-Mar-2019 )
0.00%
Sale
Jiangsu Hengrui Medicine (E)
0.00%
Was ( 31-Mar-2019 )
1.56%
Data as of 30-Jun-2019
Sectors
Total
Sectors
11
Largest
Financials
24.93%
Was ( 31-May-2019 )
25.42%
Contributor
Consumer Staples
By 1.16%
Sector
0.08%
Selection
1.07%
Detractor
Consumer Discretionary
By -0.76%
Sector
-0.07%
Selection
-0.70%
Data as of 30-Jun-2019
Over
Consumer Staples
By 5.01%
Fund
10.17%
Benchmark
5.16%
Under
Materials
By -4.04%
Fund
0.64%
Benchmark
4.69%
Data as of 30-Jun-2019
Data as of 30-Jun-2019
Benchmark : MSCI All Country Asia ex Japan Index (unhedged)
Regions
Data as of
Countries
Total
Countries
14
Largest
China
39.66%
Was ( 31-May-2019 )
39.00%
Contributor
India
By 0.61%
Country
0.05%
Selection
0.56%
Detractor
Taiwan
By -0.14%
Country
-0.10%
Selection
-0.05%
Data as of 30-Jun-2019
Over
India
By 4.54%
Fund
15.02%
Benchmark
10.47%
Under
Taiwan
By -4.33%
Fund
8.32%
Benchmark
12.65%
Data as of 30-Jun-2019
Data as of 30-Jun-2019
Benchmark : MSCI All Country Asia ex Japan Index (unhedged)

Team
Anh Lu,
Portfolio Manager
Anh Lu is a portfolio manager in the Equity Division and lead portfolio manager for the T. Rowe Price Asia ex-Japan Fund.
Portfolio Manager since
2008
Years at
T. Rowe Price
16
Years investment experience
22
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
1
Years investment experience
16
How to Invest
APIR Minimum Initial Investment (AUD) Minimum Subsequent Investment (AUD) Buy / Sell Spread Management Fees1
ETL0160AU $500,000 $100,000 Buy +0.40%/Sell -0.30% 1.20% pa

Benchmark Data Source: MSCI. MSCI index returns are shown with gross dividends reinvested. 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.

Source for performance: T Rowe Price. Net of fees performance is based on end of month redemption prices after the deduction of fees and expenses and the reinvestment of all distributions. Daily performance (MTD, QTD, and YTD) data is based on the latest available NAV minus one business day.

1The Management Fee for the T. Rowe Price Asia ex-Japan Fund is 1.20% p.a. and the Indirect Cost is 0.00% p.a. Indirect costs are calculated and incorporate estimated amounts with reference to the relevant costs incurred during the previous financial year ended 30 June. Please refer to the Product Disclosure Statement for the Fund which is available on this page for further details.

The specific securities identified and described in this website do not represent all of the securities purchased or sold for this fund. This information is not intended to be a recommendation to take any particular investment action and is subject to change. No assumption should be made that the securities identified were or will be profitable.

Unless otherwise specified, all fund ratings, awards and data are as of 30-Jun-2019 and sourced from T. Rowe Price. 

The Morningstar rating is sourced from Morningstar.

©2019 Morningstar, Inc.  All Rights Reserved.  The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely.  Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298 AFSL 240975) is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Stock Exchange (ASX:EQT). Equity Trustees and T. Rowe Price Australia Limited ("TRPAU") (ABN: 13 620 668 895 and AFSL: 503741) are, respectively, the responsible entity and investment manager of the T. Rowe Price Australian Unit Trusts.

For Wholesale Clients only.

Past performance is not a reliable indicator of future performance. The price of any fund may go up or down. Investment involves risk including a possible loss to the principal amount invested. For general information purposes only, does not take into account the investment objectives, financial situation or needs of any particular investor. For further details, please refer to each fund's product disclosure statement and reference guide which are available from Equity Trustees (www.eqt.com.au/insto) or TRPAU (www.troweprice.com.au).

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