MATTHEWS JAPAN FUND
Fund
MIJFX
Price as of:
$20.36
+ $0.12
+ 0.59%
Primary Theme
fund company
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
15.5%
1 yr return
20.8%
3 Yr Avg Return
-0.9%
5 Yr Avg Return
4.9%
Net Assets
$704 M
Holdings in Top 10
40.6%
52 WEEK LOW AND HIGH
$20.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.02%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 70.30%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MIJFX - Profile
Distributions
- YTD Total Return 15.5%
- 3 Yr Annualized Total Return -0.9%
- 5 Yr Annualized Total Return 4.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.22%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMATTHEWS JAPAN FUND
-
Fund Family NameMatthews Asia Funds
-
Inception DateOct 29, 2010
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTaizo Ishida
Fund Description
Under normal circumstances, the Matthews Japan 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 Japan. A company or other issuer is considered to be “located” in a country or a region, and a security or instrument is deemed to be an Asian (or specific country) security or instrument, if it has substantial ties to that country or region. Matthews currently makes that determination based primarily on one or more of the following criteria: (A) with respect to a company or issuer, whether (i) it is organized under the laws of that country or any country in that region; (ii) it derives at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed, or has at least 50% of
its assets located, within that country or region; (iii) it has the primary trading markets for its securities in that country or region; (iv) it has its principal place of business in or is otherwise headquartered in that country or region; or (v) it is a governmental entity or an agency, instrumentality or a political subdivision of that country or any country in that region; and (B) with respect to an instrument or issue, whether (i) its issuer is headquartered or organized in that country or region; (ii) it is issued to finance a project that has at least 50% of its assets or operations in that country or region; (iii) it is at least 50% secured or backed by assets located in that country or region; (iv) it is a component of or its issuer is included in the MSCI Japan Index, the Fund’s primary benchmark index; or (v) it is denominated in the currency of an Asian country and addresses at least one of the other above criteria. The term “located” and the associated criteria listed above have been defined in such a way that Matthews has latitude in determining whether an issuer should be included within a region or country. The Fund may also invest in depositary receipts, including American, European and Global Depositary Receipts.
The Fund seeks to invest in companies capable of sustainable growth based on the fundamental characteristics of those companies, including balance sheet information; number of employees; size and stability of cash flow; management’s depth, adaptability and integrity; product lines; marketing strategies; corporate governance; and financial health. The Fund may invest in companies of any market capitalization. Matthews measures a company’s size with respect to fundamental criteria such as, but not limited to, market capitalization, book value, revenues, profits, cash flow, dividends paid and number of employees. The implementation of the principal investment strategies of the Fund may result in a significant portion of the Fund’s assets being invested from time to time in one or more sectors, but the Fund may invest in companies in any sector.
MIJFX - Performance
Return Ranking - Trailing
| Period | MIJFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.5% | -2.6% | 26.5% | 21.05% |
| 1 Yr | 20.8% | 3.4% | 24.3% | 13.16% |
| 3 Yr | -0.9%* | -13.3% | 26.0% | 67.57% |
| 5 Yr | 4.9%* | -5.7% | 18.5% | 30.30% |
| 10 Yr | 7.1%* | 0.3% | 11.4% | 33.33% |
* Annualized
Return Ranking - Calendar
| Period | MIJFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.1% | 0.0% | 36.8% | 21.05% |
| 2022 | -32.5% | -34.0% | 2.8% | 91.89% |
| 2021 | -12.6% | -15.7% | 14.9% | 88.24% |
| 2020 | 17.5% | -6.2% | 31.2% | 36.36% |
| 2019 | 16.0% | 4.7% | 24.4% | 75.00% |
Total Return Ranking - Trailing
| Period | MIJFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.5% | -2.6% | 26.5% | 21.05% |
| 1 Yr | 20.8% | 3.4% | 24.3% | 13.16% |
| 3 Yr | -0.9%* | -13.3% | 26.0% | 67.57% |
| 5 Yr | 4.9%* | -5.7% | 18.5% | 30.30% |
| 10 Yr | 7.1%* | 0.3% | 11.4% | 33.33% |
* Annualized
Total Return Ranking - Calendar
| Period | MIJFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.1% | 2.0% | 42.0% | 55.26% |
| 2022 | -27.8% | -32.8% | 5.9% | 89.19% |
| 2021 | -1.8% | -15.1% | 18.0% | 67.65% |
| 2020 | 29.9% | -3.2% | 34.7% | 9.09% |
| 2019 | 26.1% | 7.7% | 26.7% | 9.38% |
NAV & Total Return History
MIJFX - Holdings
Concentration Analysis
| MIJFX | Category Low | Category High | MIJFX % Rank | |
|---|---|---|---|---|
| Net Assets | 704 M | 5.91 M | 16.7 B | 15.79% |
| Number of Holdings | 48 | 27 | 1791 | 81.58% |
| Net Assets in Top 10 | 285 M | 2.5 M | 4.17 B | 18.42% |
| Weighting of Top 10 | 40.56% | 3.5% | 141.4% | 15.79% |
Top 10 Holdings
- Keyence Corp 4.95%
- Hitachi Ltd 4.62%
- Shin-Etsu Chemical Co Ltd 4.43%
- Sony Group Corp 4.32%
- ORIX Corp 4.20%
- Tokio Marine Holdings Inc 4.19%
- ITOCHU Corp 4.17%
- Fast Retailing Co Ltd 3.99%
- Asics Corp 3.00%
- Capcom Co Ltd 2.69%
Asset Allocation
| Weighting | Return Low | Return High | MIJFX % Rank | |
|---|---|---|---|---|
| Stocks | 99.03% | 94.34% | 102.16% | 63.16% |
| Cash | 0.97% | 0.02% | 38.84% | 63.16% |
| Preferred Stocks | 0.00% | 0.00% | 0.67% | 50.00% |
| Other | 0.00% | -2.22% | 2.68% | 52.63% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 47.37% |
| Bonds | 0.00% | 0.00% | 3.97% | 50.00% |
MIJFX - Expenses
Operational Fees
| MIJFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.02% | 0.09% | 3.46% | 34.21% |
| Management Fee | 0.68% | 0.09% | 0.90% | 55.26% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 30.00% |
| Administrative Fee | N/A | 0.15% | 0.20% | 68.75% |
Sales Fees
| MIJFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| MIJFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | 25.00% |
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.
| MIJFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 70.30% | 2.95% | 70.30% | 100.00% |
MIJFX - Distributions
Dividend Yield Analysis
| MIJFX | Category Low | Category High | MIJFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 21.26% | 97.37% |
Dividend Distribution Analysis
| MIJFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| MIJFX | Category Low | Category High | MIJFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.22% | -0.63% | 2.45% | 78.95% |
Capital Gain Distribution Analysis
| MIJFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2022 | $1.071 | CapitalGainLongTerm |
| Dec 15, 2021 | $2.779 | OrdinaryDividend |
| Dec 16, 2020 | $2.574 | OrdinaryDividend |
| Dec 17, 2019 | $0.133 | OrdinaryDividend |
| Dec 17, 2019 | $1.736 | CapitalGainLongTerm |
| Dec 12, 2018 | $0.051 | CapitalGainShortTerm |
| Dec 12, 2018 | $0.657 | CapitalGainLongTerm |
| Dec 12, 2018 | $0.076 | OrdinaryDividend |
| Dec 06, 2017 | $0.020 | CapitalGainShortTerm |
| Dec 06, 2017 | $0.707 | CapitalGainLongTerm |
| Dec 06, 2017 | $0.214 | OrdinaryDividend |
| Dec 07, 2016 | $0.051 | CapitalGainLongTerm |
| Dec 07, 2016 | $0.187 | OrdinaryDividend |
| Dec 11, 2014 | $0.091 | OrdinaryDividend |
| Dec 12, 2013 | $0.258 | OrdinaryDividend |
| Dec 13, 2012 | $0.039 | OrdinaryDividend |
| Dec 08, 2011 | $0.222 | OrdinaryDividend |
| Dec 09, 2010 | $0.490 | OrdinaryDividend |
MIJFX - Fund Manager Analysis
Managers
Taizo Ishida
Start Date
Tenure
Tenure Rank
Sep 29, 2006
15.68
15.7%
Taizo Ishida is a Portfolio Manager at Matthews. He manages the firm’s Asia Growth, Emerging Asia, and Japan Strategies. Prior to joining Matthews in 2006, Taizo spent six years on the global and international teams at Wellington Management Company as a Vice President and Portfolio Manager. From 1997 to 2000, he was a Senior Securities Analyst and a member of the international investment team at USAA Investment Management Company. From 1990 to 1997, he was a Principal and Senior Research Analyst at Sanford Bernstein & Co.
Shuntaro Takeuchi
Start Date
Tenure
Tenure Rank
Jan 22, 2019
3.36
3.4%
Shuntaro Takeuchi is a Portfolio Manager at Matthews and co-manages the firm’s Japan Strategy. Prior to joining the firm in 2016 as a Senior Research Analyst, he was an Executive Director for Japan Equity Sales at UBS Securities LLC in New York. Beginning in 2003, he worked on both Japanese Equity and International Equity Sales at UBS Japan Securities, based in Tokyo, and held the position of Special Situations Analyst from 2006 to 2008, and Head of International Equity Sales from 2009 to 2013. Before that, he worked at Merrill Lynch Japan from 2001 to 2003 in U.S. Equity Sales. Shuntaro received a B.A. in Commerce and Management from Hitotsubashi University in Tokyo. He is fluent in Japanese. Shuntaro has been a Portfolio Manager of the Matthews Japan Fund since 2019.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 24.43 | 7.11 | 8.25 |