T. Rowe Price China Evolution Equity Fund I Class (TRCLX) Fund Details & Analysis

Fund Information

Fund Category China Region

Fund Family T. Rowe Price

Fund Style Large Blend

ISIN US87281D6031

CUSIP 87281D603

Inception Date -

Domicile -

Country USA

Fiscal Year End -

NAV Chart

Fund Metrics

Net Assets $11.52 Million

Share Class Net Assets $-

Expense Ratio 1.03%

Expense Ratio Date -

Dividend Yield 0.02%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 9.61%

1-Year Return 47.67%

3-Year Return 7.94%

5-Year Return 0.68%

NAV $15.51

Previous Close Price $15.69

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.02%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About T. Rowe Price China Evolution Equity Fund I Class

The fund normally invests at least 80% of its net assets (plus 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.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 9496.08%

Giant 5.95%

Large 59.49%

Medium 17.63%

Micro 0.00%

Small 1.52%

Value & Growth Metrics

Book-Value Growth % 7.08%

Cash-Flow Growth % 0.99%

Dividend Yield % 2.44%

Historical Earnings % 6.09%

Long-Term Earnings % 18.89%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	0.00%	0.00%	0.00%	0.03%	0.00%
Cash	5.35%	5.89%	0.54%	1.36%	0.00%
Non US Stock	89.99%	89.99%	0.00%	98.15%	99.30%
Not Classified	0.00%	0.00%	0.00%	0.00%	0.00%
Other	0.00%	0.00%	0.00%	0.03%	0.00%
US Stock	4.66%	4.66%	0.00%	0.82%	0.70%

Top Holdings

Name	Weight	Owned	Change
TENCENT MUSIC ENTERTAINMENT GROUP	2.52%	-	-
CHINA RESOURCES MIXC LIFESTYLE SERVICES LTD	4.14%	-	-
KANZHUN LTD	2.76%	-	-
YANGZIJIANG SHIPBUILDING HOLDINGS LTD	3.46%	-	-
CRRC CORP LTD	3.01%	-	-
YANTAI JEREH OILFIELD SERVICES GROUP CO LTD	2.56%	-	-
T. Rowe Price Government Reserve Fund \u2013 Collateral	3.08%	-	-
CHINA RESOURCES GAS GROUP LTD	3.04%	-	-
ZTO EXPRESS CAYMAN INC	2.39%	-	-
XUJI ELECTRIC CO LTD	2.60%	-	-
T. Rowe Price Government Reserve Fund	3.79%	-	-
HONGFA TECHNOLOGY CO LTD	2.85%	-	-
CHINA TOWER CORP LTD	2.70%	-	-
YUNNAN ALUMINIUM CO LTD	2.79%	-	-
XIAMEN FARATRONIC CO LTD	2.39%	-	-
CMOC GROUP LTD	3.58%	-	-
KING YUAN ELECTRONICS CO LTD	2.76%	-	-
WILL SEMICONDUCTOR CO LTD SHANGHAI	2.62%	-	-
MPI CORP	2.45%	-	-

See the full breakdown of TRCLX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	90.99%	100.00%	0.00%
Bond Sector	Corporate	0.00%	0.00%	0.00%	0.00%
Bond Sector	Derivative	0.00%	5.17%	0.00%	0.00%
Bond Sector	Government	0.00%	3.84%	0.00%	0.00%
Bond Sector	Municipal	0.00%	0.00%	0.00%	0.00%
Bond Sector	Securitized	0.00%	0.00%	0.00%	0.00%
Cyclical	Basic Materials	13.04%	3.38%	0.00%	5.95%
Cyclical	Consumer Cyclical	15.55%	21.37%	0.00%	26.00%
Cyclical	Financial Services	0.00%	15.39%	0.00%	17.36%
Cyclical	Real Estate	8.71%	2.13%	0.00%	1.66%
Defensive	Consumer Defensive	3.61%	4.24%	0.00%	3.55%
Defensive	Healthcare	1.23%	5.16%	0.00%	5.08%
Defensive	Utilities	0.00%	0.74%	0.00%	1.80%
Sensitive	Communication Services	9.18%	19.91%	0.00%	19.29%
Sensitive	Energy	2.66%	1.29%	0.00%	2.77%
Sensitive	Industrials	22.06%	5.15%	0.00%	6.54%
Sensitive	Technology	23.94%	21.24%	0.00%	10.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	-	-	-
Americas	North America	0.83%	4.92%	0.70%
Greater Asia	Asia Developed	19.83%	8.09%	4.00%
Greater Asia	Asia Emerging	79.25%	86.99%	95.04%
Greater Asia	Australasia	-	-	0.04%
Greater Asia	Japan	-	-	0.02%
Greater Europe	Africa/Middle East	0.06%	-	-
Greater Europe	Europe Developed	0.01%	-	0.20%
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	0.02%	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-17	$0.188	$0.188	USD	-	-	-	-
2023-12-18	$0.248	$0.248	USD	-	2023-12-15	2023-12-19	Annual
2022-12-16	$0.325	$0.325	USD	2022-12-16	2022-12-15	2022-12-19	Annual
2019-12-10	$0.001	$0.001	USD	-	-	-	-

T. Rowe Price China Evolution Equity Fund I Class NMFQS:TRCLX