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MATFX Matthews Asia Innovators Investor

  • Fund
  • MATFX
  • Price as of: Apr 22, 2019
  • $13.42
  • - $0.06
  • - 0.45%
  • Category
  • Technology Equities

MATFX - Profile

Vitals

  • YTD Return 19.2%
  • 3 Yr Annualized Return 12.3%
  • 5 Yr Annualized Return 8.7%
  • Net Assets $293 M
  • Holdings in Top 10 40.8%

52 WEEK LOW AND HIGH

$13.42
$10.78
$15.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.19%

SALES FEES

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

BROKERAGE FEES

  • Turnover 85.73%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 19.2%
  • 3 Yr Annualized Total Return 12.3%
  • 5 Yr Annualized Total Return 8.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.07%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Matthews Asia Innovators Fund
  • Fund Family Name Matthews Asia Funds
  • Inception Date Dec 27, 1999
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Michael J. Oh

Fund Description

Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in Asia that Matthews believes are innovators in their products, services, processes, business models, management, use of technology, or approach to creating, expanding or servicing their markets.

MATFX - Performance

Return Ranking - Trailing

Period MATFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 19.2% -19.3% 36.9% 78.05% 4
1 Yr -8.5% -24.4% 44.6% 96.34% 5
3 Yr 12.3% * -23.7% 33.2% 92.76% 5
5 Yr 8.7% * 5.7% 22.8% 97.99% 5
10 Yr 15.2% * 4.1% 24.1% 79.19% 4

* Annualized


Return Ranking - Calendar

Period MATFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -20.6% -93.0% 30.0% 79.75% 5
2017 40.5% -15.6% 55.5% 1.91% 1
2016 -18.0% -18.0% 34.4% 96.77% 5
2015 -9.5% -17.6% 45.2% 88.24% 5
2014 8.1% -15.4% 45.5% 44.74% 3

Total Return Ranking - Trailing

Period MATFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 19.2% -19.3% 36.9% 78.05% 4
1 Yr -8.5% -24.4% 72.6% 96.34% 5
3 Yr 12.3% * -23.7% 33.2% 91.45% 5
5 Yr 8.7% * 5.7% 22.8% 96.64% 5
10 Yr 15.2% * 4.1% 24.1% 78.52% 4

* Annualized


Total Return Ranking - Calendar

Period MATFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -20.6% -93.0% 30.0% 79.75% 5
2017 40.5% -15.6% 55.5% 1.91% 1
2016 -18.0% -18.0% 75.3% 96.77% 5
2015 5.0% -14.4% 124.7% 66.67% 4
2014 11.0% -20.6% 97.1% 69.08% 4

NAV & Total Return History

MATFX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

MATFX Category Low Category High MATFX % Rank Quintile
Net Assets 293 M 250 K 21.6 B 26.67% 4
Number of Holdings 49 23 321 20.61% 4
Net Assets in Top 10 99.7 M 373 K 11.7 B 27.88% 4
Weighting of Top 10 40.8% 18.2% 75.4% 29.70% 4

Top 10 Holdings

  1. Tencent Holdings Ltd 6.95%
  2. Ping An Insurance (Group) Co. of China Ltd H 4.23%
  3. Alibaba Group Holding Ltd ADR 6.00%
  4. Jiangsu Hengrui Medicine Co Ltd 2.94%
  5. HDFC Bank Ltd 5.73%
  6. China International Travel Service Corp Ltd Class A 3.02%
  7. AIA Group Ltd 3.18%
  8. Jiangsu Yanghe Brewery Joint-Stock Co Ltd 2.99%
  9. Inner Mongolia Yili Industrial Group Co Ltd 2.91%
  10. Orion Corp (Spin Co) 2.90%

Asset Allocation

Weighting Category Low Category High MATFX % Rank Quintile
Stocks
98.41% 58.64% 100.00% 14.55% 3
Cash
1.60% 0.00% 41.36% 20.61% 3
Preferred Stocks
0.00% 0.00% 1.91% 5.45% 3
Other
0.00% -4.85% 3.93% 10.30% 3
Convertible Bonds
0.00% 0.00% 0.00% 0.61% 3
Bonds
0.00% 0.00% 0.56% 2.42% 3

Stock Sector Breakdown

Weighting Category Low Category High MATFX % Rank Quintile
Technology
28.52% 5.47% 99.62% 40.00% 5
Financial Services
27.88% 0.00% 40.63% 1.21% 1
Consumer Cyclical
19.58% 0.00% 27.35% 1.82% 1
Healthcare
9.71% 0.00% 38.07% 6.67% 1
Consumer Defense
8.37% 0.00% 8.37% 0.61% 1
Industrials
1.36% 0.00% 31.95% 24.85% 3
Utilities
0.00% 0.00% 0.94% 3.03% 3
Real Estate
0.00% 0.00% 4.27% 9.09% 4
Energy
0.00% 0.00% 0.95% 1.21% 3
Communication Services
0.00% 0.00% 93.70% 21.21% 4
Basic Materials
0.00% 0.00% 1.18% 4.85% 3

Stock Geographic Breakdown

Weighting Category Low Category High MATFX % Rank Quintile
Non US
96.38% 0.00% 96.38% 0.61% 1
US
2.03% 2.03% 98.87% 40.61% 5

MATFX - Expenses

Operational Fees

MATFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.19% 0.10% 48.18% 43.64% 2
Management Fee 0.66% 0.09% 1.50% 14.55% 2
12b-1 Fee 0.00% 0.00% 1.00% 9.40% 1
Administrative Fee 0.14% 0.00% 0.50% 8.74% 3

Sales Fees

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

MATFX Fees (% of AUM) Category Low Category High MATFX Rank Quintile
Max Redemption Fee 2.00% 0.75% 2.00% 2.33% 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.

MATFX Fees (% of AUM) Category Low Category High MATFX Rank Quintile
Turnover 85.73% 1.00% 643.00% 11.52% 4

MATFX - Distributions

Dividend Yield Analysis

MATFX Category Low Category High MATFX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.81% 17.14% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

MATFX Category Low Category High MATFX % Rank Quintile
Net Income Ratio -0.07% -3.60% 1.92% 14.55% 1

Capital Gain Distribution Analysis

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

MATFX - Managers

Michael J. Oh

Lead Manager

Start Date

Jan 04, 2006

Tenure

13.24

Tenure Rank

8.5%

Michael J. Oh is a Portfolio Manager at Matthews. Michael joined the firm in 2000 as a Research Analyst and has built his investment career at the firm. Michael received a B.A. in Political Economy of Industrial Societies from the University of California, Berkeley. He is fluent in Korean. Michael has been a Portfolio Manager since 2007.


Tiffany Hsiao

Manager

Start Date

Apr 30, 2018

Tenure

0.92

Tenure Rank

23.9%

Tiffany Hsiao is a Portfolio Manager at Matthews. Prior to joining the firm in 2014, she was a Vice President and Research Analyst at Goldman Sachs Investment Partners in Hong Kong and Tokyo from 2007 to 2013. She was responsible for researching Asia Pacific investments, with an emphasis on equities in China. Previously, she spent six years at Franklin Templeton Investments, where she managed the firm’s global communications fund. Tiffany earned her Master of Science and Information Technology from Carnegie Mellon University and received a B.A. in Economics from the University of California, Berkeley. She is fluent in Mandarin and Taiwanese, and conversational in Cantonese.


Sunil Asnani

Manager

Start Date

Apr 30, 2018

Tenure

0.92

Tenure Rank

23.9%

Sunil Asnani is a Portfolio Manager at Matthews. Prior to joining the firm in 2008 as a Research Analyst, he was a Senior Associate in the Corporate Finance and Strategy practice for McKinsey & Company in New York. In 2006, Sunil earned his M.B.A from The Wharton School of the University of Pennsylvania. From 1999 to 2004, he served in various capacities, including as Superintendent of Police, for the Indian Police Service in Trivandrum, India. Sunil received a Bachelor of Technology degree from the Indian Institute of Technology in Delhi, India. He is fluent in Sindhi, Hindi and Malayalam.


Tenure Analysis

Category Low

0.0

Category High

29.3

Category Average

7.95

Category Mode

4.3