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
Thank you for selecting your broker
We are redirecting you to the Broker Center now
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
Thank you for your submission, we hope you enjoy your experience
ALERT

FREE Webinar for FA’s and RIA’s — Reserve Your Seat Now!

Mutualfunds logo

MIPIX Matthews Asia Dividend Instl

  • Fund
  • MIPIX
  • Price as of: Dec 05, 2016
  • $16.11
  • + $0.01
  • + 0.06%
  • Category
  • Total Dividend

MIPIX - Profile

Vitals

  • YTD Return 5.0%
  • 3 Yr Annualized Return 4.1%
  • 5 Yr Annualized Return 8.7%
  • Net Assets $4.95 B
  • Holdings in Top 10 30.7%

52 WEEK LOW AND HIGH

$16.11
$13.96
$17.17

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.93%

SALES FEES

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

BROKERAGE FEES

  • Turnover 35.98%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$3,000,000

IRA

$3,000,000

Investment Themes

CATEGORY

Total Dividend
  • Fund Type Open End Mutual Fund
  • Investment Style Diversified Pacific/Asia

Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 8.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.98%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Matthews Asia 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 Asia.

MIPIX - Performance

Return Ranking - Trailing

Period MIPIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.0% -24.4% 33.9% 54.69% 3
1 Yr 8.2% -17.5% 19.1% 7.53% 1
3 Yr 4.1% * -8.4% 10.8% 56.84% 3
5 Yr 8.7% * -6.4% 14.7% 62.06% 4
10 Yr 9.1% * -4.4% 9.9% 2.01% 1

* Annualized


Return Ranking - Calendar

Period MIPIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.6% -27.5% 3.6% 2.42% 1
2014 -2.1% -19.0% 14.2% 60.38% 4
2013 7.0% -9.2% 33.4% 87.38% 5
2012 16.7% -5.5% 22.8% 3.77% 1
2011 -12.9% -24.9% 13.3% 81.15% 5

Total Return Ranking - Trailing

Period MIPIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.9% -24.4% 33.9% 55.06% 3
1 Yr 8.2% -21.5% 50.7% 6.59% 1
3 Yr 4.1% * -9.6% 14.1% 53.42% 3
5 Yr 8.7% * -6.8% 14.7% 59.49% 3
10 Yr 9.1% * -4.4% 9.9% 2.01% 1

* Annualized


Total Return Ranking - Calendar

Period MIPIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 4.2% -27.5% 106.1% 2.68% 1
2014 -0.1% -12.9% 31.0% 84.86% 5
2013 12.8% -2.2% 205.2% 93.83% 5
2012 26.2% 0.0% 546.4% 8.25% 1
2011 -12.1% -24.1% 1034.0% 86.87% 5

NAV & Total Return History

MIPIX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

MIPIX Category Low Category High MIPIX % Rank Quintile
Net Assets 4.95 B 332 K 30.1 B 4.20% 1
Number of Holdings 71 1 1875 12.12% 3
Net Assets in Top 10 1.43 B -663 K 9.22 B 3.73% 1
Weighting of Top 10 30.7% 0.0% 88.0% 13.05% 2

Top 10 Holdings

  1. Japan Tobacco Inc 3.61%
  2. Hoya Corp 2.88%
  3. Shenzhou International Group Holdings Ltd 2.85%
  4. Minth Group Ltd 4.13%
  5. LG Chem Ltd 2.84%
  6. Bridgestone Corp 2.74%
  7. Kao Corp 2.62%
  8. NTT DOCOMO Inc 3.07%
  9. KT&G Corp 3.15%
  10. BGF Retail Co Ltd 2.79%

Asset Allocation

Weighting Category Low Category High MIPIX % Rank Quintile
Stocks
98.88% 0.00% 101.13% 5.83% 2
Other
1.09% -7.41% 11.74% 6.29% 2
Cash
0.04% -1.67% 100.00% 26.81% 5
Convertible Bonds
0.00% 0.00% 8.06% 3.03% 3
Preferred Stocks
0.00% 0.00% 26.61% 4.66% 3
Bonds
0.00% 0.00% 71.92% 5.83% 3

Stock Sector Breakdown

Weighting Category Low Category High MIPIX % Rank Quintile
Consumer Defense
28.68% 0.00% 28.68% 0.23% 1
Consumer Cyclical
17.61% 0.00% 39.52% 2.33% 1
Communication Services
13.60% 0.00% 39.83% 2.10% 1
Industrials
11.83% 0.00% 30.17% 16.08% 3
Technology
9.51% 0.00% 27.82% 20.05% 4
Financial Services
9.17% 0.00% 29.08% 22.84% 4
Basic Materials
2.84% 0.00% 11.11% 16.32% 3
Real Estate
2.06% 0.00% 34.44% 15.15% 3
Healthcare
0.96% 0.00% 21.78% 30.77% 5
Utilities
0.34% 0.00% 36.27% 25.17% 5
Energy
0.31% 0.00% 31.60% 31.00% 5

Stock Geographic Breakdown

Weighting Category Low Category High MIPIX % Rank Quintile
Non US
97.03% 0.00% 100.65% 0.93% 1
US
1.85% -0.65% 99.89% 30.77% 5

MIPIX - Expenses

Operational Fees

MIPIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.93% 0.09% 42.68% 36.60% 1
Management Fee 0.66% 0.08% 1.25% 5.13% 2
12b-1 Fee 0.00% 0.00% 1.00% 4.62% 1
Administrative Fee 0.14% 0.00% 0.85% 3.52% 4

Sales Fees

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

MIPIX Fees (% of AUM) Category Low Category High MIPIX Rank Quintile
Max Redemption Fee 2.00% 0.50% 2.00% 1.43% 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.

MIPIX Fees (% of AUM) Category Low Category High MIPIX Rank Quintile
Turnover 35.98% 5.00% 398.80% 15.15% 2

MIPIX - Distributions

Dividend Yield Analysis

MIPIX Category Low Category High MIPIX % Rank Quintile
Dividend Yield 0.7% 0.00% 2.15% 4.63% 1

Dividend Distribution Analysis

MIPIX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MIPIX Category Low Category High MIPIX % Rank Quintile
Net Income Ratio 1.98% -1.26% 6.28% 29.84% 3

Capital Gain Distribution Analysis

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

MIPIX - Managers

Yu Zhang

Lead Manager

Start Date

Mar 22, 2011

Tenure

5.62

Tenure Rank

8.1%

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.


Vivek Tanneeru

Manager

Start Date

Apr 30, 2014

Tenure

2.51

Tenure Rank

15.0%

Vivek Tanneeru is a Portfolio Manager at Matthews. Prior to joining the firm in 2011, Vivek was an Investment Manager on the Global Emerging Markets team of Pictet Asset Management in London. While at Pictet he also worked on the firm’s Global Equities team, managing Japan and Asia ex-Japan markets. Before earning his M.B.A. from the London Business School in 2006, Vivek was a Business Systems Officer at The World Bank and served as a Consultant at Arthur Andersen Business Consulting and Citicorp Infotech Industries. Vivek received his Master’s in Finance from the Birla Institute on Technology & Science in India. He is fluent in Hindi and Telugu.


Robert J. Horrocks

Lead Manager

Start Date

Jul 19, 2013

Tenure

3.29

Tenure Rank

13.0%

Robert Horrocks is Chief Investment Officer at Matthews International Capital Management, LLC. Before joining Matthews in August 2008, Robert was Head of Research at Mirae Asset Management in Hong Kong. From 2003 to 2006, Robert served as Chief Investment Officer for Everbright Pramerica in China. He started his career as a Research Analyst with WI Carr Securities before moving on to spend eight years working in several different Asian jurisdictions for Schroders.Robert earned his PhD in Chinese Economic History from Leeds University in the United Kingdom, and is fluent in Mandarin.


Tenure Analysis

Category Low

0.0

Category High

29.8

Category Average

5.51

Category Mode

4.8