TRCLX Performance — T. Rowe Price China Evolution Equity Fund, I Class
Data updated: 2026-09-25
TRCLX returned +20.01% year to date and +42.93% over one year to Jul 2026. Annualised returns are +15.38% over 3 years and +2.22% over 5 years. The fund beat its China Equity category average: $100 invested three years ago grew to $154, against $134 for the category, and to $143 over one year, against $117. Volatility over the past three years was 25.52% a year. In the 12 months to Jul 2026 the fund took in a net $30.3M, and assets reached $103.60M.
TRCLX Growth of $100
What $100 invested in T. Rowe Price China Evolution Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the China Equity category average over the same months.
| Period | TRCLX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $143 | $117 |
| 3 years (Aug 2023 – Jul 2026) | $154 | $134 |
| 5 years (Aug 2021 – Jul 2026) | $112 | $98 |
| Since data start (Dec 2019 – Jul 2026) | $204 | $135 |
TRCLX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +20.01% |
| 1 year | +42.93% |
| 3 years (annualised) | +15.38% |
| 5 years (annualised) | +2.22% |
TRCLX Annual Returns
Calendar-year total returns of T. Rowe Price China Evolution Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +20.01% |
| 2025 | +36.25% |
| 2024 | +10.95% |
| 2023 | −15.47% |
| 2022 | −26.25% |
| 2021 | +6.30% |
| 2020 | +59.70% |
| 2019 (Dec–Dec) | +6.20% |
TRCLX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +9.6% | +9.8% | −9.5% | +15.0% | +4.0% | +9.1% | −15.5% | — | — | — | — | — |
| 2025 | +0.3% | +3.4% | +2.5% | −2.2% | +1.3% | +5.4% | +3.2% | +11.9% | +4.0% | −0.6% | −0.8% | +3.7% |
| 2024 | −10.3% | +11.3% | +3.0% | +5.1% | +4.1% | −3.1% | −7.0% | −0.3% | +19.3% | −6.1% | −3.7% | +1.8% |
| 2023 | +10.4% | −4.8% | −2.1% | −3.5% | −10.6% | +4.3% | +7.8% | −8.7% | −3.0% | −5.5% | +2.9% | −1.8% |
| 2022 | −6.5% | −1.7% | −14.5% | −7.6% | +4.5% | +10.8% | −8.1% | −1.7% | −11.0% | −13.3% | +24.9% | +0.6% |
| 2021 | +6.2% | +1.0% | +0.1% | +7.1% | −1.5% | +1.6% | −6.3% | +2.5% | −4.7% | −0.3% | +0.8% | +0.5% |
| 2020 | −4.4% | +6.6% | −3.9% | +9.8% | +4.6% | +9.4% | +9.1% | +5.4% | −3.3% | +3.2% | +5.8% | +6.9% |
| 2019 | — | — | — | — | — | — | — | — | — | — | — | +6.2% |
TRCLX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 25.52%
- 3-year Sharpe ratio: 0.43 (vs 4.5% risk-free rate)
- Best month: +19.31% (Sep 2024)
- Worst month: −15.52% (Jul 2026)
TRCLX Fund Flows
Monthly money in and out of T. Rowe Price China Evolution Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $30.3M
- 12-month gross sales (incl. reinvestments): $114.4M
- Sales ÷ redemptions: 1.36×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $5.2M | $9.8M | −$4.6M |
| Jun 2026 | $23.7M | $14.3M | $9.5M |
| May 2026 | $14.5M | $6.5M | $8.1M |
| Apr 2026 | $14.8M | $7.1M | $7.7M |
| Mar 2026 | $8.3M | $16.4M | −$8.0M |
| Feb 2026 | $11.8M | $5.4M | $6.5M |
| Jan 2026 | $10.7M | $5.3M | $5.4M |
| Dec 2025 | $6.1M | $3.0M | $3.1M |
| Nov 2025 | $2.8M | $3.7M | −$919K |
| Oct 2025 | $5.0M | $6.1M | −$1.2M |
| Sep 2025 | $5.8M | $4.0M | $1.8M |
| Aug 2025 | $5.6M | $2.5M | $3.1M |
TRCLX Assets Under Management
Net assets of T. Rowe Price China Evolution Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $103.60M |
| 2026-04-30 | $96.05M |
| 2026-01-31 | $78.62M |
| 2025-10-31 | $63.62M |
| 2025-07-31 | $51.68M |
| 2025-04-30 | $41.64M |
| 2025-01-31 | $45.83M |
| 2024-10-31 | $48.97M |
| 2024-07-31 | $33.48M |
| 2024-04-30 | $37.92M |
| 2024-01-31 | $30.92M |
| 2023-10-31 | $36.14M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.