Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
Mutualfunds logo

MICDX Matthews China Dividend Instl

  • Fund
  • MICDX
  • Price as of: Apr 18, 2019
  • $17.15
  • + $0.05
  • + 0.29%
  • Category
  • Total Dividend

MICDX - Profile

Vitals

  • YTD Return 19.8%
  • 3 Yr Annualized Return 16.3%
  • 5 Yr Annualized Return 12.2%
  • Net Assets $358 M
  • Holdings in Top 10 32.2%

52 WEEK LOW AND HIGH

$17.15
$13.94
$19.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

SALES FEES

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

BROKERAGE FEES

  • Turnover 66.47%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

$100,000

Investment Themes

CATEGORY

Total Dividend
  • Fund Type Open End Mutual Fund
  • Investment Style China Region

Distributions

  • YTD Total Return 19.8%
  • 3 Yr Annualized Total Return 16.3%
  • 5 Yr Annualized Total Return 12.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.44%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Matthews China Dividend Fund
  • Fund Family Name Matthews Asia Funds
  • Inception Date Oct 29, 2010
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Yu Zhang

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 dividend-paying equity securities of companies located in China. It may also invest in convertible debt and equity securities. China also includes its administrative and other districts, such as Hong Kong.

MICDX - Performance

Return Ranking - Trailing

Period MICDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 19.8% -25.9% 19.8% 0.23% 1
1 Yr 2.8% -17.5% 22.5% 63.29% 4
3 Yr 16.3% * -8.3% 16.3% 0.25% 1
5 Yr 12.2% * -6.4% 15.3% 0.82% 1
10 Yr N/A * -2.9% 17.6% N/A N/A

* Annualized


Return Ranking - Calendar

Period MICDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -18.7% -51.6% 26.2% 74.82% 4
2017 25.0% -24.5% 32.9% 1.53% 1
2016 2.2% -19.5% 31.0% 67.09% 4
2015 3.1% -27.5% 24.3% 9.19% 1
2014 -2.7% -19.0% 26.6% 72.03% 4

Total Return Ranking - Trailing

Period MICDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 19.8% -100.0% 19.8% 0.24% 1
1 Yr 2.8% -21.5% 50.7% 55.76% 3
3 Yr 16.3% * -9.4% 16.3% 0.25% 1
5 Yr 12.2% * -6.8% 15.3% 0.82% 1
10 Yr N/A * -2.9% 17.6% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period MICDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -18.7% -51.6% 28.2% 74.88% 4
2017 25.0% -14.7% 32.9% 1.53% 1
2016 3.8% -17.0% 41.2% 72.89% 4
2015 10.8% -21.6% 106.1% 10.26% 1
2014 1.2% -14.6% 42.7% 80.45% 5

NAV & Total Return History

MICDX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

MICDX Category Low Category High MICDX % Rank Quintile
Net Assets 358 M 657 K 40.9 B 17.72% 3
Number of Holdings 58 1 1860 14.69% 4
Net Assets in Top 10 84.9 M 0 14 B 18.41% 3
Weighting of Top 10 32.2% 0.0% 99.4% 14.45% 2

Top 10 Holdings

  1. Tencent Holdings Ltd 3.68%
  2. China Petroleum & Chemical Corp H Shares 2.76%
  3. HKBN Ltd 3.83%
  4. HSBC Holdings PLC 3.09%
  5. Citic Telecom International Holdings Ltd 4.04%
  6. China Mobile Ltd ADR 3.08%
  7. China Resources Power Holdings Co Ltd 3.28%
  8. Bank Of China Ltd H 2.85%
  9. WH Group Ltd 2.84%
  10. Inner Mongolia Yili Industrial Group Co Ltd 2.72%

Asset Allocation

Weighting Category Low Category High MICDX % Rank Quintile
Stocks
100.88% 0.00% 130.11% 0.93% 1
Convertible Bonds
0.07% 0.00% 11.86% 4.43% 1
Preferred Stocks
0.00% 0.00% 10.92% 6.76% 3
Other
0.00% -12.23% 11.74% 8.39% 3
Bonds
0.00% 0.00% 99.09% 6.53% 3
Cash
-0.95% -30.12% 100.00% 32.17% 5

Stock Sector Breakdown

Weighting Category Low Category High MICDX % Rank Quintile
Consumer Cyclical
17.09% 0.00% 34.75% 3.27% 1
Industrials
12.85% 0.00% 34.94% 11.45% 2
Financial Services
12.65% 0.00% 33.59% 25.70% 4
Consumer Defense
12.65% 0.00% 27.22% 10.28% 2
Technology
12.34% 0.00% 28.52% 15.42% 3
Communication Services
10.95% 0.00% 39.83% 3.27% 1
Real Estate
6.60% 0.00% 16.79% 6.07% 1
Utilities
5.20% 0.00% 41.81% 14.02% 2
Energy
4.45% 0.00% 31.60% 30.14% 5
Healthcare
4.31% 0.00% 21.71% 33.41% 5
Basic Materials
1.78% 0.00% 18.34% 25.93% 4

Stock Geographic Breakdown

Weighting Category Low Category High MICDX % Rank Quintile
Non US
98.04% 0.00% 101.08% 1.63% 1
US
2.84% 0.00% 128.60% 35.20% 5

MICDX - Expenses

Operational Fees

MICDX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.01% 0.08% 42.29% 34.81% 2
Management Fee 0.66% 0.07% 1.25% 5.13% 2
12b-1 Fee 0.00% 0.00% 1.00% 4.90% 1
Administrative Fee 0.14% 0.00% 0.85% 3.96% 4

Sales Fees

MICDX Fees (% of AUM) Category Low Category High MICDX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

MICDX Fees (% of AUM) Category Low Category High MICDX Rank Quintile
Max Redemption Fee 2.00% 0.50% 2.00% 1.45% 3

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.

MICDX Fees (% of AUM) Category Low Category High MICDX Rank Quintile
Turnover 66.47% 1.63% 504.01% 8.62% 4

MICDX - Distributions

Dividend Yield Analysis

MICDX Category Low Category High MICDX % Rank Quintile
Dividend Yield 0.1% 0.00% 2.83% 70.91% 5

Dividend Distribution Analysis

MICDX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MICDX Category Low Category High MICDX % Rank Quintile
Net Income Ratio 2.44% -0.63% 6.13% 20.56% 2

Capital Gain Distribution Analysis

MICDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

MICDX - Managers

Yu Zhang

Lead Manager

Start Date

Apr 27, 2012

Tenure

6.93

Tenure Rank

8.9%

Yu Zhang is a Portfolio Manager at Matthews. Prior to joining the firm in 2007 as a Research Associate, Yu was an Analyst researching Japanese companies at Aperta Asset Management from 2005 to 2007. Before receiving a graduate degree in the U.S., he was an Associate in the Ningo, China office of Mitsui & Co., a Japanese general trading firm. Yu received a B.A. in English Language from the Beijing Foreign Studies University, an M.B.A. from Suffolk University and an M.S. in Finance from Boston College. He is fluent in Mandarin.


Sherwood Zhang

Manager

Start Date

Apr 30, 2014

Tenure

4.92

Tenure Rank

13.4%

Sherwood Zhang is a Portfolio Manager at Matthews. Prior to joining the firm in 2011, Sherwood was an analyst at Passport Capital from 2007 to 2010, where he focused on such industries as property and basic materials in China as well as consumer-related sectors. Before earning his M.B.A. in 2007, Sherwood served as a Senior Treasury Officer for Hang Seng Bank in Shanghai and Hong Kong, and worked as a Foreign Exchange Trader at Shanghai Pudong Development Bank in Shanghai. He received his M.B.A. from the University of Maryland and his Bachelor of Economics in Finance from Shanghai University. Sherwood is fluent in Mandarin and speaks conversational Cantonese.


Tenure Analysis

Category Low

0.0

Category High

25.7

Category Average

6

Category Mode

4.3