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MAPTX Matthews Pacific Tiger Investor

  • Fund
  • MAPTX
  • Price as of: Aug 08, 2016
  • $25.77
  • + $0.17
  • + 0.66%
  • Category
  • Asia Pacific Equities

MAPTX - Profile

Vitals

  • YTD Return 9.5%
  • 3 Yr Annualized Return 7.3%
  • 5 Yr Annualized Return 4.6%
  • Net Assets $7.27 B
  • Holdings in Top 10 28.3%

52 WEEK LOW AND HIGH

$25.77
$21.05
$26.64

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

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

BROKERAGE FEES

  • Turnover 12.56%

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 9.5%
  • 3 Yr Annualized Total Return 7.3%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.53%
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 9.5% -17.7% 15.7% 29.06% 2
1 Yr 3.8% -17.9% 18.9% 16.81% 1
3 Yr 7.3% * -3.8% 11.3% 7.41% 1
5 Yr 4.6% * -4.7% 7.3% 10.20% 1
10 Yr 9.5% * 1.9% 9.6% 5.66% 1

* Annualized


Return Ranking - Calendar

Period MAPTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -11.4% -33.7% 8.8% 72.32% 4
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

Total Return Ranking - Trailing

Period MAPTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.5% -17.7% 15.7% 29.57% 2
1 Yr 3.8% -22.0% 18.9% 14.29% 1
3 Yr 7.3% * -5.1% 11.3% 7.41% 1
5 Yr 4.6% * -4.7% 7.3% 9.18% 1
10 Yr 9.5% * 1.9% 9.6% 5.66% 1

* Annualized


Total Return Ranking - Calendar

Period MAPTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -11.4% -33.7% 8.8% 72.32% 4
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

NAV & Total Return History

MAPTX - Holdings

Filings data as of: Mar 31, 2016

Concentration Analysis

MAPTX Category Low Category High MAPTX % Rank Quintile
Net Assets 7.27 B 1.34 M 7.27 B 0.84% 1
Number of Holdings 66 32 2247 18.49% 4
Net Assets in Top 10 1.86 B 475 K 1.86 B 0.84% 1
Weighting of Top 10 28.3% 12.8% 53.2% 23.53% 4

Top 10 Holdings

  1. Kotak Mahindra Bank Ltd 2.63%
  2. DKSH Holding Ltd 2.84%
  3. NAVER Corp 3.45%
  4. Central Pattana PCL Shs Foreign Registered 2.92%
  5. Dongbu Insurance Co Ltd 3.28%
  6. Tata Power Co Ltd 2.45%
  7. Orion Corp 2.47%
  8. Baidu Inc ADR 3.14%
  9. Vietnam Dairy Products JSC 2.59%
  10. Sinopharm Group Co Ltd H 2.54%

Asset Allocation

Weighting Category Low Category High MAPTX % Rank Quintile
Stocks
98.69% 0.07% 100.00% 13.45% 2
Other
1.27% -0.04% 10.05% 12.61% 2
Cash
0.05% 0.00% 28.88% 27.73% 5
Convertible Bonds
0.00% 0.00% 21.69% 2.52% 3
Preferred Stocks
0.00% 0.00% 10.64% 5.04% 3
Bonds
0.00% 0.00% 71.43% 5.88% 3

Stock Sector Breakdown

Weighting Category Low Category High MAPTX % Rank Quintile
Consumer Defense
18.68% 0.00% 28.11% 5.04% 1
Financial Services
17.18% 0.00% 38.24% 14.29% 3
Technology
16.97% 0.00% 36.47% 16.81% 3
Consumer Cyclical
12.35% 0.00% 35.23% 25.21% 4
Healthcare
9.21% 0.00% 24.60% 10.08% 1
Real Estate
8.07% 0.00% 12.04% 5.88% 1
Utilities
5.45% 0.00% 15.22% 7.56% 1
Industrials
5.33% 0.00% 40.11% 29.41% 4
Communication Services
3.80% 0.00% 16.45% 21.01% 4
Basic Materials
1.67% 0.00% 14.93% 29.41% 5
Energy
0.00% 0.00% 5.91% 23.53% 5

Stock Geographic Breakdown

Weighting Category Low Category High MAPTX % Rank Quintile
Non US
95.84% 0.07% 100.00% 18.49% 3
US
2.85% 0.00% 29.15% 5.88% 1

MAPTX - Expenses

Operational Fees

MAPTX 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

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

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 12.56% 4.10% 245.00% 28.57% 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 1.53% -1.76% 4.81% 21.01% 2

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

8.59

Tenure Rank

4.2%

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

1.25

Tenure Rank

20.6%

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

0.4

Category High

24.7

Category Average

5.39

Category Mode

1.6