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MAPTX Matthews Pacific Tiger Investor

  • Fund
  • MAPTX
  • Price as of: Apr 28, 2017
  • $26.56
  • - $0.14
  • - 0.52%
  • Category
  • Asia Pacific Equities

MAPTX - Profile

Vitals

  • YTD Return 15.9%
  • 3 Yr Annualized Return 6.7%
  • 5 Yr Annualized Return 7.0%
  • Net Assets $7.52 B
  • Holdings in Top 10 26.8%

52 WEEK LOW AND HIGH

$26.56
$22.48
$26.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

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

BROKERAGE FEES

  • Turnover 5.73%

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 15.9%
  • 3 Yr Annualized Total Return 6.7%
  • 5 Yr Annualized Total Return 7.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.47%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Matthews Pacific Tiger 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 Sharat Shroff

Fund Description

The Matthews Pacific Tiger Fund Investor Class (MAPTX) is a low-cost, actively managed fund that bets on Asian equities. MAPTX specifically looks at owning stocks in all the countries and markets in Asia, excluding Japan. This includes developed, emerging, and frontier countries. MAPTX combs the region using various screens that look at measures such as balance sheet health, earnings growth and price-valuation when selecting positions for the fund.

Given its narrow focus on Asia, MAPTX is best suited as a satellite position in a broader portfolio. The fund is managed by Matthews Asia.

MAPTX - Performance

Return Ranking - Trailing

Period MAPTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 15.9% -6.5% 18.5% 31.62% 2
1 Yr 12.3% -14.4% 25.5% 55.08% 3
3 Yr 6.7% * -2.5% 10.5% 11.21% 1
5 Yr 7.0% * -0.4% 10.1% 9.57% 1
10 Yr 7.9% * 0.0% 8.1% 3.85% 1

* Annualized


Return Ranking - Calendar

Period MAPTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.6% -33.7% 17.1% 65.22% 4
2015 -11.4% -31.2% 8.8% 67.59% 4
2014 6.3% -12.9% 16.9% 10.78% 1
2013 2.3% -11.9% 19.7% 58.06% 4
2012 20.1% 0.0% 41.0% 50.00% 3

Total Return Ranking - Trailing

Period MAPTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 15.9% -6.5% 18.5% 31.90% 2
1 Yr 12.3% -18.5% 25.5% 51.28% 3
3 Yr 6.7% * -3.0% 10.5% 10.38% 1
5 Yr 7.0% * -0.4% 10.1% 8.51% 1
10 Yr 7.9% * 0.0% 8.1% 3.85% 1

* Annualized


Total Return Ranking - Calendar

Period MAPTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.6% -33.7% 17.1% 65.79% 4
2015 -1.7% -14.2% 16.1% 29.91% 2
2014 14.0% -9.1% 17.9% 6.93% 1
2013 4.4% -10.6% 38.4% 59.78% 3
2012 26.9% 0.0% 46.3% 50.60% 3

NAV & Total Return History

MAPTX - Holdings

Filings data as of: Dec 31, 2016

Concentration Analysis

MAPTX Category Low Category High MAPTX % Rank Quintile
Net Assets 7.52 B 1.34 M 7.52 B 0.84% 1
Number of Holdings 69 31 2267 20.17% 4
Net Assets in Top 10 1.76 B 475 K 1.76 B 0.84% 1
Weighting of Top 10 26.8% 10.4% 66.2% 29.41% 4

Top 10 Holdings

  1. Kotak Mahindra Bank Ltd 2.72%
  2. DKSH Holding Ltd 2.86%
  3. NAVER Corp 2.45%
  4. Central Pattana PCL Shs Foreign Registered 3.13%
  5. Dongbu Insurance Co Ltd 2.49%
  6. Tata Power Co Ltd 2.92%
  7. Baidu Inc ADR 2.84%
  8. Vietnam Dairy Products JSC 2.67%
  9. President Chain Store Corp 2.34%
  10. Delta Electronics Inc 2.34%

Asset Allocation

Weighting Category Low Category High MAPTX % Rank Quintile
Stocks
97.81% 0.00% 100.00% 13.45% 2
Other
2.08% 0.00% 10.05% 10.92% 2
Cash
0.11% 0.00% 16.20% 27.73% 4
Preferred Stocks
0.00% 0.00% 8.25% 5.04% 3
Convertible Bonds
0.00% 0.00% 19.55% 2.52% 3
Bonds
0.00% 0.00% 80.15% 5.88% 3

Stock Sector Breakdown

Weighting Category Low Category High MAPTX % Rank Quintile
Consumer Defense
20.43% 0.00% 24.80% 2.52% 1
Technology
17.43% 0.00% 29.03% 23.53% 3
Financial Services
16.25% 0.00% 38.24% 21.85% 3
Consumer Cyclical
11.70% 0.00% 35.23% 28.57% 4
Healthcare
8.01% 0.00% 24.60% 10.08% 1
Real Estate
6.98% 0.00% 12.04% 5.88% 1
Utilities
6.21% 0.00% 10.42% 4.20% 1
Industrials
5.11% 0.07% 35.96% 33.61% 5
Communication Services
4.11% 0.00% 15.44% 13.45% 2
Basic Materials
1.59% 0.00% 16.20% 32.77% 5
Energy
0.00% 0.00% 6.08% 27.73% 5

Stock Geographic Breakdown

Weighting Category Low Category High MAPTX % Rank Quintile
Non US
94.60% 0.00% 100.00% 21.01% 3
US
3.21% 0.00% 26.17% 3.36% 1

MAPTX - Expenses

Operational Fees

MAPTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.09% 0.08% 8.52% 76.47% 1
Management Fee 0.66% 0.05% 1.50% 15.97% 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

MAPTX Fees (% of AUM) Category Low Category High MAPTX 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

MAPTX Fees (% of AUM) Category Low Category High MAPTX 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.

MAPTX Fees (% of AUM) Category Low Category High MAPTX Rank Quintile
Turnover 5.73% 4.00% 232.00% 33.61% 1

MAPTX - Distributions

Dividend Yield Analysis

MAPTX Category Low Category High MAPTX % Rank Quintile
Dividend Yield 0.2% 0.01% 3.84% 51.65% 3

Dividend Distribution Analysis

MAPTX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MAPTX Category Low Category High MAPTX % Rank Quintile
Net Income Ratio 0.47% -1.76% 5.13% 50.42% 3

Capital Gain Distribution Analysis

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

MAPTX - Managers

Sharat Shroff

Lead Manager

Start Date

Jan 01, 2008

Tenure

9.25

Tenure Rank

4.4%

Sharat Shroff is a Portfolio Manager at Matthews. Prior to joining the firm in 2005 as a Research Analyst, Sharat worked in the San Francisco and Hong Kong offices of Morgan Stanley as an Equity Research Associate. Sharat received a Bachelor of Technology from the Institute of Technology in Varanasi, India and an M.B.A. from the Indian Institute of Management, in Calcutta, India. He is fluent in Hindi and Bengali.


Rahul Gupta

Manager

Start Date

Apr 30, 2015

Tenure

1.92

Tenure Rank

21.1%

Rahul Gupta is a Portfolio Manager at Matthews. Prior to joining the firm in 2014, he was a Senior Analyst at Driehaus Capital, co-leading investments in Asian equities. He also spent more than nine years at Oaktree Capital Management, most recently as Senior Vice President, managing assets in the technology, industrial and health care sectors within emerging markets. Rahul began his career in 1994 with Citibank, as a Vice President, and was responsible for heading the development of new financial products. Rahul earned his M.B.A. from INSEAD in France and was also an exchange student at The Wharton School of the University of Pennsylvania. He received a Bachelor of Technology in Mechanical Engineering from the Indian Institute of Technology in New Delhi. He is fluent in Hindi.


Tenure Analysis

Category Low

0.1

Category High

25.4

Category Average

5.81

Category Mode

2.3