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MACSX Matthews Asian Growth & Inc Investor

  • Fund
  • MACSX
  • Price as of: Jul 20, 2018
  • $16.20
  • + $0.11
  • + 0.68%
  • Category
  • Asia Pacific Equities

MACSX - Profile

Vitals

  • YTD Return -7.2%
  • 3 Yr Annualized Return 2.3%
  • 5 Yr Annualized Return 2.5%
  • Net Assets $2.2 B
  • Holdings in Top 10 24.5%

52 WEEK LOW AND HIGH

$16.20
$16.02
$18.18

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.07%

SALES FEES

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

BROKERAGE FEES

  • Turnover 23.23%

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 -7.2%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.95%
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 -7.2% -20.1% 46.3% 79.49% 5
1 Yr -0.5% -14.4% 45.8% 88.14% 5
3 Yr 2.3% * -2.5% 14.5% 85.32% 5
5 Yr 2.5% * -0.4% 11.3% 87.76% 5
10 Yr 5.0% * 0.0% 9.5% 46.15% 3

* Annualized


Return Ranking - Calendar

Period MACSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 16.9% -33.7% 50.2% 68.70% 4
2016 -6.8% -31.1% 17.1% 83.33% 5
2015 -11.0% -31.2% 15.9% 64.81% 4
2014 -4.8% -12.9% 19.7% 82.18% 5
2013 1.6% -11.9% 29.6% 67.05% 4

Total Return Ranking - Trailing

Period MACSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -7.2% -20.1% 46.3% 80.17% 5
1 Yr -0.5% -18.5% 40.8% 83.76% 5
3 Yr 2.3% * -3.0% 13.8% 81.48% 5
5 Yr 2.5% * -0.4% 11.3% 87.76% 5
10 Yr 5.0% * 0.0% 9.5% 46.15% 3

* Annualized


Total Return Ranking - Calendar

Period MACSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 16.9% -33.7% 50.2% 69.30% 4
2016 -5.9% -14.7% 17.1% 85.98% 5
2015 -4.8% -14.2% 17.7% 54.21% 3
2014 -0.7% -9.1% 30.2% 83.00% 5
2013 5.5% -10.6% 38.4% 57.47% 3

NAV & Total Return History

MACSX - Holdings

Filings data as of: Mar 31, 2018

Concentration Analysis

MACSX Category Low Category High MACSX % Rank Quintile
Net Assets 2.2 B 1.34 M 9.14 B 4.20% 1
Number of Holdings 73 23 2319 18.49% 3
Net Assets in Top 10 620 M 475 K 2.88 B 4.20% 1
Weighting of Top 10 24.5% 9.5% 54.8% 35.29% 5

Top 10 Holdings

  1. AIA Group Ltd 3.34%
  2. Capitaland Ltd 1.95% 2.05%
  3. Singapore Telecommunications Ltd 2.48%
  4. Taiwan Semiconductor Manufacturing Co Ltd 3.02%
  5. Samsung Electronics Co Ltd 2.13%
  6. United Overseas Bank Ltd 3.04%
  7. Broadcom Inc 2.05%
  8. Singapore Technologies Engineering Ltd 2.35%
  9. Guangdong Investment Ltd 2.05%
  10. CK Hutchison Holdings Ltd 1.95%

Asset Allocation

Weighting Category Low Category High MACSX % Rank Quintile
Stocks
89.03% 0.00% 105.32% 34.45% 5
Convertible Bonds
8.10% 0.00% 22.68% 1.68% 1
Other
2.05% 0.00% 10.05% 12.61% 2
Cash
0.82% -5.32% 15.78% 28.57% 4
Preferred Stocks
0.00% 0.00% 1.83% 2.52% 3
Bonds
0.00% 0.00% 65.70% 5.04% 3

Stock Sector Breakdown

Weighting Category Low Category High MACSX % Rank Quintile
Financial Services
17.86% 0.00% 38.24% 26.05% 4
Industrials
16.52% 0.04% 34.12% 2.52% 1
Communication Services
12.11% 0.00% 12.11% 0.84% 1
Technology
11.98% 0.00% 36.00% 35.29% 5
Consumer Cyclical
10.73% 0.00% 35.23% 31.93% 4
Consumer Defense
9.27% 0.00% 31.95% 14.29% 2
Real Estate
4.69% 0.00% 14.17% 15.97% 2
Utilities
4.31% 0.00% 10.77% 6.72% 1
Healthcare
1.55% 0.00% 24.60% 34.45% 4
Energy
0.00% 0.00% 16.13% 29.41% 4
Basic Materials
0.00% 0.00% 19.48% 36.13% 5

Stock Geographic Breakdown

Weighting Category Low Category High MACSX % Rank Quintile
Non US
89.03% 0.00% 105.32% 35.29% 5
US
0.00% 0.00% 29.72% 20.17% 5

MACSX - Expenses

Operational Fees

MACSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.07% 0.08% 8.52% 73.95% 1
Management Fee 0.66% 0.05% 1.50% 16.81% 1
12b-1 Fee 0.00% 0.00% 1.00% 9.20% 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 2.50% 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 23.23% 3.00% 232.00% 27.73% 2

MACSX - Distributions

Dividend Yield Analysis

MACSX Category Low Category High MACSX % Rank Quintile
Dividend Yield 0.3% 0.01% 3.84% 19.78% 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 1.95% -1.49% 4.93% 10.08% 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

6.53

Tenure Rank

13.1%

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

9.18

Tenure Rank

6.0%

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

0.2

Category High

26.6

Category Average

5.74

Category Mode

3.5