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MCSMX Matthews China Small Companies

  • Fund
  • MCSMX
  • Price as of: Apr 18, 2019
  • $11.70
  • - $0.02
  • - 0.17%
  • Category
  • China Equities

MCSMX - Profile

Vitals

  • YTD Return 22.1%
  • 3 Yr Annualized Return 15.7%
  • 5 Yr Annualized Return 8.3%
  • Net Assets $78.2 M
  • Holdings in Top 10 36.4%

52 WEEK LOW AND HIGH

$11.70
$9.08
$13.97

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.97%

SALES FEES

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

BROKERAGE FEES

  • Turnover 76.67%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$500

Investment Themes

CATEGORY

China Equities
  • Fund Type Open End Mutual Fund
  • Investment Style China Region

Distributions

  • YTD Total Return 22.1%
  • 3 Yr Annualized Total Return 15.7%
  • 5 Yr Annualized Total Return 8.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.78%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Matthews China Small Companies Fund
  • Fund Family Name Matthews Asia Funds
  • Inception Date May 31, 2011
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Tiffany Hsiao

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 Small Companies located in China. China includes its administrative and other districts, such as Hong Kong. A company or other issuer is considered to be "located" in a country or a region, and a security or instrument will deemed to be an Asian (or specific country) security or instrument, if it has substantial ties to that country or region.

MCSMX - Performance

Return Ranking - Trailing

Period MCSMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 22.1% -17.7% 44.5% 36.49% 2
1 Yr -9.0% -32.3% 47.0% 75.00% 4
3 Yr 15.7% * -3.2% 18.3% 20.59% 1
5 Yr 8.3% * 2.8% 13.9% 37.31% 2
10 Yr N/A * 2.0% 13.9% N/A N/A

* Annualized


Return Ranking - Calendar

Period MCSMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -19.4% -52.1% 57.6% 51.35% 3
2017 44.8% -28.2% 58.1% 28.38% 2
2016 -6.6% -17.2% 12.4% 78.38% 5
2015 -4.6% -34.4% 19.8% 27.03% 2
2014 -6.9% -30.0% 25.5% 56.16% 4

Total Return Ranking - Trailing

Period MCSMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 22.1% -17.7% 44.5% 38.03% 2
1 Yr -9.0% -33.1% 47.0% 68.49% 4
3 Yr 15.7% * -5.0% 18.3% 16.18% 1
5 Yr 8.3% * 2.8% 13.9% 34.33% 2
10 Yr N/A * 1.9% 13.9% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period MCSMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -19.4% -52.1% 57.6% 53.52% 3
2017 44.8% -16.9% 58.1% 29.58% 2
2016 -6.6% -16.0% 13.9% 84.51% 5
2015 4.3% -18.3% 24.4% 26.76% 2
2014 -3.7% -31.8% 49.2% 82.86% 5

NAV & Total Return History

MCSMX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

MCSMX Category Low Category High MCSMX % Rank Quintile
Net Assets 78.2 M 2.84 M 1.24 B 20.78% 3
Number of Holdings 58 29 160 14.29% 2
Net Assets in Top 10 23.1 M 1.8 M 545 M 28.57% 4
Weighting of Top 10 36.4% 28.4% 68.2% 38.96% 5

Top 10 Holdings

  1. Silergy Corp 7.60%
  2. Sunny Friend Environmental Technology Co 4.27%
  3. TK Group (Holdings) Ltd 3.24%
  4. Joy City Property Ltd 3.31%
  5. China Youzan Ltd 2.92%
  6. Sunevision Holdings Ltd 2.73%
  7. Yihai International Holdings Ltd 2.64%
  8. SITC International Holdings Co Ltd 3.69%
  9. Honma Golf Ltd 3.41%
  10. Greentown Service Group Co Ltd 2.58%

Asset Allocation

Weighting Category Low Category High MCSMX % Rank Quintile
Stocks
86.28% 86.05% 103.16% 42.86% 5
Cash
13.72% -3.16% 13.72% 1.30% 1
Preferred Stocks
0.00% 0.00% 0.79% 2.60% 2
Other
0.00% -0.04% 13.95% 11.69% 2
Convertible Bonds
0.00% 0.00% 0.00% 1.30% 2
Bonds
0.00% -0.31% 0.39% 2.60% 2

Stock Sector Breakdown

Weighting Category Low Category High MCSMX % Rank Quintile
Technology
21.03% 7.26% 56.51% 27.27% 3
Consumer Cyclical
16.07% 2.43% 29.18% 23.38% 3
Industrials
11.50% 0.00% 21.41% 11.69% 2
Healthcare
10.23% 0.00% 18.88% 5.19% 1
Real Estate
9.25% 0.00% 13.48% 7.79% 1
Consumer Defense
6.47% 0.00% 15.19% 20.78% 3
Basic Materials
4.58% 0.00% 15.70% 12.99% 2
Energy
4.37% 0.00% 18.56% 18.18% 3
Financial Services
1.07% 0.00% 46.97% 41.56% 5
Utilities
0.00% 0.00% 9.04% 31.17% 5
Communication Services
0.00% 0.00% 10.78% 35.06% 5

Stock Geographic Breakdown

Weighting Category Low Category High MCSMX % Rank Quintile
Non US
85.82% 85.82% 103.16% 44.16% 5
US
0.46% -0.23% 2.78% 19.48% 3

MCSMX - Expenses

Operational Fees

MCSMX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.97% 0.91% 9.06% 48.05% 3
Management Fee 1.00% 0.66% 1.36% 11.69% 2
12b-1 Fee 0.00% 0.00% 1.00% 11.11% 1
Administrative Fee 0.14% 0.05% 0.30% 10.20% 3

Sales Fees

MCSMX Fees (% of AUM) Category Low Category High MCSMX Rank Quintile
Front Load N/A 0.15% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

MCSMX Fees (% of AUM) Category Low Category High MCSMX Rank Quintile
Max Redemption Fee 2.00% 0.05% 2.00% 3.57% 2

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.

MCSMX Fees (% of AUM) Category Low Category High MCSMX Rank Quintile
Turnover 76.67% 6.00% 156.89% 16.88% 4

MCSMX - Distributions

Dividend Yield Analysis

MCSMX Category Low Category High MCSMX % Rank Quintile
Dividend Yield 0.1% 0.00% 4.43% 57.58% 3

Dividend Distribution Analysis

MCSMX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

MCSMX Category Low Category High MCSMX % Rank Quintile
Net Income Ratio 0.78% -1.14% 2.58% 35.06% 2

Capital Gain Distribution Analysis

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

MCSMX - Managers

Tiffany Hsiao

Lead Manager

Start Date

Jul 01, 2015

Tenure

3.75

Tenure Rank

21.0%

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.


Tenure Analysis

Category Low

0.2

Category High

25.2

Category Average

5.92

Category Mode

4.3