SICAV
China Evolution Equity Fund
A style agnostic, index unconstrained portfolio investing in c. 40-80 names across A-shares, H-shares and US-listed Chinese stocks. We focus on areas of the market that may be overlooked by some investors, going beyond the top 100 largest companies in the China universe by market cap to identify future winners.
ISIN LU2187417469
View more information on risks
FACTSHEET
KIID
Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 30-Jun-2021
NAV
(USD)
$12.57
Data as of: 22-Jul-2021

1YR Return
N/A
IA Sector ranking: N/A
Data as of: N/A
Fund Size
(USD)
$83.5m
Data as of: 30-Jun-2021
Perf Change
(Daily)
0.08%
Data as of: 22-Jul-2021
Since Inception
(Cumulative)
N/A
IA Sector ranking: N/A
Data as of: N/A

Overview
Strategy
Fund Summary
Our approach focuses on uncovering stocks where change and growth are underappreciated or undiscovered. Leveraging our long history of investing in China, we seek to identify innovative companies beyond the widely owned mega cap stocks that offer the long-term potential for durable or accelerating growth or a fundamental rerating.
SMALL-CAP
MID-CAP
LARGE-CAP

40
Holdings

Style
Agnostic
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.

Holdings
Total
Holdings
40
Largest
Country Garden Services Holdings
6.94%
Was ( 31-Mar-2021 )

7.33%
Top 10
37.30%
Purchase
Sino Wealth Electronic (N)
3.29%
Was ( 31-Mar-2021 )
0.00%
Sale
Vipshop Holdings (E)
0.00%
Was ( 31-Mar-2021 )
3.29%
Data as of 30-Jun-2021
Sectors
Total
Sectors
9
Largest
Industrials & Business Services
29.65%
Was ( 31-May-2021 )
29.89%
Over
Industrials & Business Services
By 21.47%
Fund
29.65%
Benchmark*
8.19%
Under
Financials
By -14.74%
Fund
0.00%
Benchmark*
14.74%
Data as of 30-Jun-2021
Data as of 30-Jun-2021
Indicative Benchmark: MSCI China All Shares Index

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


Team
Wenli Zheng,
Portfolio Manager
Wenli Zheng is the portfolio manager of the China Evolution Equity Strategy for the International Equity Division. He also co-manages the Greater China portfolio for the International Discovery Strategy. Wenli started his investment career with T. Rowe Price in 2008 as a TMT analyst. Prior to this, Wenli was a strategic consultant with Capgemini.
Portfolio Manager since
2020
Years at T. Rowe Price
12
Years investment experience
12
Charles Knudsen,
Portfolio Specialist
Chuck Knudsen is a portfolio specialist in the Equity Division of T. Rowe Price.
Years at
T. Rowe Price
15
Years investment experience
33
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% 170 basis points 1.87%
Class Q $1000 $100 N/A 85 basis points 1.02%
Class I $2,500,000 $100,000 N/A 85 basis points 0.95%

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.