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MACSX Matthews Asian Growth & Inc Investor

  • Fund
  • MACSX
  • Price as of: Dec 02, 2016
  • $16.38
  • - $0.07
  • - 0.43%
  • Category
  • Asia Pacific Equities

MACSX - Profile

Vitals

  • YTD Return 2.2%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return 5.3%
  • Net Assets $2.99 B
  • Holdings in Top 10 25.3%

52 WEEK LOW AND HIGH

$16.38
$14.90
$17.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 16.48%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$500

Investment Themes

CATEGORY

Asia Pacific Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Pacific/Asia ex-Japan Stk

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.17%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Matthews Asian Growth and Income Fund
  • Fund Family Name Matthews Asia Funds
  • Inception Date Sep 12, 1994
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Kenneth Lowe

Fund Description

The fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in dividend-paying common stock, preferred stock and other equity securities, and convertible securities as well as fixed-income securities, of any duration or quality, including high yield securities (also known as "junk bonds"), of companies located in Asia, which consists of all countries and markets in Asia, including developed, emerging, and frontier countries and markets in the Asian region.

MACSX - Performance

Return Ranking - Trailing

Period MACSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.2% -8.7% 18.6% 52.99% 3
1 Yr 3.9% -14.4% 22.5% 70.34% 4
3 Yr -0.1% * -3.6% 11.3% 79.81% 4
5 Yr 5.3% * -0.4% 11.0% 56.52% 3
10 Yr 6.2% * 1.2% 8.5% 30.77% 2

* Annualized


Return Ranking - Calendar

Period MACSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -11.0% -33.7% 8.8% 63.48% 4
2014 -4.8% -12.9% 16.9% 78.43% 5
2013 1.6% -11.9% 17.6% 56.99% 3
2012 23.5% 0.0% 41.0% 24.72% 2
2011 -16.5% -35.8% 0.0% 24.32% 2

Total Return Ranking - Trailing

Period MACSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.1% -8.7% 18.6% 48.28% 3
1 Yr 3.9% -18.5% 22.5% 60.68% 3
3 Yr -0.1% * -4.7% 11.3% 76.70% 4
5 Yr 5.3% * -0.4% 11.0% 52.17% 3
10 Yr 6.2% * 1.2% 8.5% 30.77% 2

* Annualized


Total Return Ranking - Calendar

Period MACSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.8% -33.7% 16.1% 45.61% 3
2014 -0.7% -9.1% 17.9% 77.23% 5
2013 5.5% -10.6% 38.4% 46.74% 3
2012 33.7% 0.0% 46.3% 15.91% 1
2011 -13.7% -33.3% 0.0% 15.07% 1

NAV & Total Return History

MACSX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

MACSX Category Low Category High MACSX % Rank Quintile
Net Assets 2.99 B 1.34 M 7.37 B 3.36% 1
Number of Holdings 59 32 2277 20.17% 4
Net Assets in Top 10 721 M 475 K 1.86 B 4.20% 1
Weighting of Top 10 25.3% 11.8% 65.7% 29.41% 4

Top 10 Holdings

  1. AIA Group Ltd 3.65%
  2. Jardine Matheson Holdings Ltd 2.64%
  3. Capitaland Cv 1.95% 2.50%
  4. Ascendas Real Estate Investment Trust 2.27%
  5. Genting Malaysia Bhd 2.49%
  6. SkyCity Entertainment Group Ltd 2.41%
  7. China Mobile Ltd ADR 2.28%
  8. Singapore Telecommunications Ltd 2.35%
  9. CLP Holdings Ltd 2.41%
  10. KDDI Corp 2.25%

Asset Allocation

Weighting Category Low Category High MACSX % Rank Quintile
Stocks
90.11% 0.00% 100.00% 29.41% 5
Convertible Bonds
7.89% 0.00% 25.56% 1.68% 1
Preferred Stocks
1.96% 0.00% 11.76% 1.68% 1
Cash
0.04% -15.35% 15.30% 27.73% 5
Other
0.00% 0.00% 10.05% 27.73% 5
Bonds
0.00% 0.00% 70.71% 5.04% 3

Stock Sector Breakdown

Weighting Category Low Category High MACSX % Rank Quintile
Industrials
16.77% 0.07% 37.74% 5.04% 1
Communication Services
16.01% 0.00% 16.01% 0.84% 1
Consumer Cyclical
15.21% 0.00% 35.23% 16.81% 2
Financial Services
10.29% 0.00% 38.24% 30.25% 5
Consumer Defense
10.08% 0.00% 24.73% 15.13% 2
Technology
7.20% 0.00% 35.71% 32.77% 5
Utilities
6.97% 0.00% 13.25% 2.52% 1
Real Estate
4.46% 0.00% 12.04% 17.65% 3
Healthcare
3.12% 0.00% 24.60% 23.53% 3
Energy
0.00% 0.00% 6.38% 22.69% 5
Basic Materials
0.00% 0.00% 15.81% 32.77% 5

Stock Geographic Breakdown

Weighting Category Low Category High MACSX % Rank Quintile
Non US
86.38% 0.00% 99.99% 32.77% 5
US
3.73% 0.00% 29.89% 3.36% 1

MACSX - Expenses

Operational Fees

MACSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.09% 0.09% 8.52% 70.59% 1
Management Fee 0.66% 0.06% 1.50% 15.13% 1
12b-1 Fee 0.00% 0.00% 1.00% 8.05% 2
Administrative Fee 0.14% 0.01% 0.37% 6.85% 4

Sales Fees

MACSX Fees (% of AUM) Category Low Category High MACSX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

MACSX Fees (% of AUM) Category Low Category High MACSX Rank Quintile
Max Redemption Fee 2.00% 1.00% 2.00% 1.67% 4

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MACSX Fees (% of AUM) Category Low Category High MACSX Rank Quintile
Turnover 16.48% 4.10% 245.00% 26.89% 1

MACSX - Distributions

Dividend Yield Analysis

MACSX Category Low Category High MACSX % Rank Quintile
Dividend Yield 0.3% 0.01% 3.84% 16.48% 1

Dividend Distribution Analysis

MACSX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MACSX Category Low Category High MACSX % Rank Quintile
Net Income Ratio 2.17% -1.76% 4.81% 10.92% 1

Capital Gain Distribution Analysis

MACSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

MACSX - Managers

Kenneth Lowe

Lead Manager

Start Date

Dec 19, 2011

Tenure

4.87

Tenure Rank

12.4%

Kenneth Lowe is a Portfolio Manager at Matthews. Prior to joining Matthews in 2010, he was an Investment Manager on the Asia and Global Emerging Market Equities Team at Martin Currie Investment Management in Edinburgh, Scotland. Kenneth received an M.A. in Mathematics and Economics from the University of Glasgow.


Robert J. Horrocks

Lead Manager

Start Date

Apr 29, 2009

Tenure

7.51

Tenure Rank

5.6%

Robert Horrocks is Chief Investment Officer at Matthews International Capital Management, LLC. Before joining Matthews in August 2008, Robert was Head of Research at Mirae Asset Management in Hong Kong. From 2003 to 2006, Robert served as Chief Investment Officer for Everbright Pramerica in China. He started his career as a Research Analyst with WI Carr Securities before moving on to spend eight years working in several different Asian jurisdictions for Schroders.Robert earned his PhD in Chinese Economic History from Leeds University in the United Kingdom, and is fluent in Mandarin.


Tenure Analysis

Category Low

0.1

Category High

25.0

Category Average

5.48

Category Mode

4.8