About TCELX
T. Rowe Price China Evolution Equity Fund is an actively managed mutual fund focused on generating long-term capital growth by investing primarily in equities of companies based in the Greater China region, including mainland China, Hong Kong, Macau, and Taiwan. The fund typically maintains a diversified portfolio that spans various sectors—such as industrials, communication services, real estate, energy, utilities, and consumer cyclical industries—targeting both growth and value opportunities across companies of different sizes, including small- and mid-cap firms that may be underrepresented in broader indices. Employing a fundamental, style-agnostic approach, fund managers seek to uncover innovative or rapidly evolving businesses whose growth prospects or fundamental strengths may be underappreciated by the market. The portfolio is constructed with a high level of active management, unconstrained by the fund’s benchmark, and tends to emphasize companies that directly promote environmental responsibility and social consciousness. This fund serves investors looking for exposure to the dynamic Chinese equity market, offering diversification and the potential for enhanced growth, but it also comes with higher risk factors distinctive to emerging markets, such as increased volatility and unique regulatory or political challenges.
Fund Family T. Rowe Price
Category China Region
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol TCELX
Index MSCI China All Shares NR USD
TCELX had a total return of 16.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.57%.
