T. Rowe Price China Evolution Equity Fund (TRCLX)
The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in equity securities and equity related investments of Chinese companies. For purposes of this policy, the fund's managers consider companies in Greater China, including the People’s Republic of China, Hong Kong, Macau, and Taiwan, to be Chinese companies. It is non-diversified.
Fund Info
| ISIN | US87281D6031 |
|---|---|
| Issuer | T. Rowe Price |
| Inception Date | Dec 9, 2019 |
| Category | China Equities |
| Min. Investment | $500,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
TRCLX has a high expense ratio of 1.04%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price China Evolution Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price China Evolution Equity Fund had a return of 17.96% year-to-date (YTD) and 3.54% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 17.96% | 11.05% |
| 1 month | 12.83% | 4.86% |
| 6 months | 16.03% | 17.50% |
| 1 year | 3.54% | 27.37% |
| 5 years (annualized) | N/A | 13.14% |
| 10 years (annualized) | N/A | 10.90% |
Monthly Returns
The table below presents the monthly returns of TRCLX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -10.32% | 11.28% | 3.00% | 5.12% | 17.96% | ||||||||
| 2023 | 10.45% | -4.77% | -2.10% | -3.55% | -10.61% | 4.31% | 7.80% | -8.68% | -2.98% | -5.47% | 2.95% | -1.83% | -15.51% |
| 2022 | -6.46% | -1.69% | -14.46% | -7.60% | 4.53% | 10.84% | -8.11% | -1.73% | -10.99% | -13.33% | 24.95% | 0.64% | -26.24% |
| 2021 | 6.17% | 0.96% | 0.11% | 7.09% | -1.51% | 1.64% | -6.35% | 2.50% | -4.66% | -0.34% | 0.80% | 0.50% | 6.28% |
| 2020 | -4.43% | 6.60% | -3.88% | 9.81% | 4.64% | 9.37% | 9.10% | 5.40% | -3.26% | 3.16% | 5.80% | 6.89% | 59.73% |
| 2019 | 6.20% | 6.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TRCLX is 4, indicating that it is in the bottom 4% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
TRCLX (T. Rowe Price China Evolution Equity Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price China Evolution Equity Fund (TRCLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price China Evolution Equity Fund granted a 2.17% dividend yield in the last twelve months. The annual payout for that period amounted to $0.25 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.25 | $0.33 | $1.35 | $0.25 | $0.00 |
Dividend yield | 2.17% | 2.56% | 2.76% | 8.23% | 1.50% | 0.01% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price China Evolution Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.35 | $1.35 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2019 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price China Evolution Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price China Evolution Equity Fund was 50.67%, occurring on Jan 22, 2024. The portfolio has not yet recovered.
The current T. Rowe Price China Evolution Equity Fund drawdown is 33.90%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -50.67% | Feb 18, 2021 | 736 | Jan 22, 2024 | — | — | — |
| -17.65% | Mar 6, 2020 | 10 | Mar 19, 2020 | 28 | Apr 29, 2020 | 38 |
| -9.62% | Jan 17, 2020 | 10 | Jan 31, 2020 | 22 | Mar 4, 2020 | 32 |
| -7.48% | Sep 3, 2020 | 5 | Sep 10, 2020 | 39 | Nov 4, 2020 | 44 |
| -4.93% | Jan 26, 2021 | 4 | Jan 29, 2021 | 2 | Feb 2, 2021 | 6 |
Volatility
Volatility Chart
The current T. Rowe Price China Evolution Equity Fund volatility is 4.55%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.