Morningstar

T. Rowe Price China Evolution Equity Fund TCELX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $15.80  /  +1.22 %
  • Fund Size $88.5M
  • Adjusted Expense Ratio 1.400%
  • Net Expense Ratio 1.400%
  • Fee Level: Distribution High
  • Share Class Type No Load
  • Morningstar Category Greater China Region
  • Equity Style Box (Funds) Large Growth
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 0.91%
  • Turnover Ratio 104%
NAV and 1-Day Return as of

Morningstar’s Analysis TCELX

Will TCELX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TCELX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TCELX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TCELX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A differentiated all-China equity offering.

Principal Claire Liang

Claire Liang

Principal

Summary

T. Rowe Price China Evolution Equity benefits from a capable portfolio manager and a differentiated investment approach that effectively draws on the manager’s domain expertise in China’s underowned smaller-cap universe. However, concerns around the supporting team’s stability and depth temper our conviction. The strategy earns an Average People rating and an Above Average Process rating.

by Claire Liang
Rated on Published on

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Portfolio Holdings TCELX

More TCELX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 24.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Unimicron Technology Corp

5.07 5M
Technology

T. Rowe Price Gov. Reserve

2.63 3M
Cash and Equivalents

Shengyi Technology

2.45 3M
—

Genscript Biotech Corp Class H

2.40 2M
Healthcare

Kanzhun Ltd ADR

2.23 2M
Communication Services

Wus Printed Circuit (Kunshan) Co Ltd Class A

2.21 2M
Technology

TCL Technology Group Corp Class A

2.14 2M
Technology

H World Group Ltd Ordinary Shares

2.11 2M
Consumer Cyclical

Hongfa Technology Co Ltd Class A

2.11 2M
Industrials

United Integrated Services Co Ltd

2.08 2M
Industrials

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