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MJFOX Matthews Japan Investor

  • Fund
  • MJFOX
  • Price as of: Apr 18, 2019
  • $21.06
  • - $0.10
  • - 0.47%
  • Category
  • Japan Equities

MJFOX - Profile

Vitals

  • YTD Return 13.7%
  • 3 Yr Annualized Return 6.3%
  • 5 Yr Annualized Return 7.7%
  • Net Assets $3.06 B
  • Holdings in Top 10 30.7%

52 WEEK LOW AND HIGH

$21.06
$17.59
$25.35

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

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

BROKERAGE FEES

  • Turnover 46.11%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$500

Investment Themes

CATEGORY

Japan Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Japan Stock

Distributions

  • YTD Total Return 13.7%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return 7.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.40%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Matthews Japan Fund
  • Fund Family Name Matthews Asia Funds
  • Inception Date Dec 31, 1998
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Taizo Ishida

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 Japan. 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.

MJFOX - Performance

Return Ranking - Trailing

Period MJFOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 13.7% -13.2% 13.7% 4.00% 1
1 Yr -14.5% -21.9% 19.5% 86.21% 5
3 Yr 6.3% * -0.7% 14.1% 83.33% 4
5 Yr 7.7% * 3.1% 12.6% 47.62% 3
10 Yr 11.8% * 5.5% 15.8% 37.50% 2

* Annualized


Return Ranking - Calendar

Period MJFOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -23.2% -45.8% 1.1% 76.00% 4
2017 28.1% 0.0% 46.4% 52.00% 3
2016 -0.7% -11.4% 11.7% 60.00% 4
2015 20.8% 0.7% 20.9% 8.00% 1
2014 -3.1% -17.5% 7.2% 42.86% 2

Total Return Ranking - Trailing

Period MJFOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 13.7% -13.2% 13.7% 4.00% 1
1 Yr -14.5% -21.9% 19.5% 79.31% 4
3 Yr 6.3% * -0.7% 14.1% 75.00% 4
5 Yr 7.7% * 2.6% 12.6% 47.62% 3
10 Yr 11.8% * 5.5% 15.8% 37.50% 2

* Annualized


Total Return Ranking - Calendar

Period MJFOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -23.2% -45.8% 1.1% 76.00% 4
2017 28.1% 0.0% 46.4% 52.00% 3
2016 -0.7% -11.4% 11.7% 68.00% 4
2015 20.8% 5.9% 26.7% 20.00% 1
2014 -2.6% -17.0% 10.0% 47.62% 3

NAV & Total Return History

MJFOX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

MJFOX Category Low Category High MJFOX % Rank Quintile
Net Assets 3.06 B 5.97 M 3.06 B 3.45% 1
Number of Holdings 62 2 1791 27.59% 3
Net Assets in Top 10 879 M 0 879 M 3.45% 1
Weighting of Top 10 30.7% 0.0% 52.5% 20.69% 2

Top 10 Holdings

  1. Nitori Holdings Co Ltd 3.04%
  2. Mitsubishi UFJ Financial Group Inc 3.17%
  3. Keyence Corp 3.39%
  4. Tokio Marine Holdings Inc 3.73%
  5. SoftBank Group Corp 2.63%
  6. Nippon Telegraph & Telephone Corp 3.44%
  7. Terumo Corp 3.06%
  8. KOSE Corp 3.03%
  9. ORIX Corp 2.67%
  10. Kyowa Exeo Corp 2.53%

Asset Allocation

Weighting Category Low Category High MJFOX % Rank Quintile
Stocks
99.29% 0.00% 100.00% 20.69% 2
Cash
0.71% 0.00% 100.00% 31.03% 3
Preferred Stocks
0.00% 0.00% 0.00% 3.45% 2
Other
0.00% 0.00% 0.66% 6.90% 2
Convertible Bonds
0.00% 0.00% 0.00% 3.45% 2
Bonds
0.00% 0.00% 0.00% 3.45% 2

Stock Sector Breakdown

Weighting Category Low Category High MJFOX % Rank Quintile
Technology
21.33% 4.78% 25.19% 10.34% 2
Industrials
16.90% 11.32% 37.80% 37.93% 4
Consumer Cyclical
14.11% 7.83% 22.16% 41.38% 4
Financial Services
11.18% 1.12% 15.56% 17.24% 3
Consumer Defense
10.23% 4.58% 16.10% 13.79% 2
Healthcare
9.48% 3.18% 16.72% 13.79% 1
Basic Materials
8.17% 0.85% 10.92% 24.14% 3
Communication Services
6.07% 0.00% 12.32% 13.79% 2
Energy
1.82% 0.00% 5.09% 13.79% 2
Utilities
0.00% 0.00% 3.19% 27.59% 4
Real Estate
0.00% 0.00% 9.25% 41.38% 5

Stock Geographic Breakdown

Weighting Category Low Category High MJFOX % Rank Quintile
Non US
99.29% 0.00% 100.00% 17.24% 1
US
0.00% 0.00% 0.62% 6.90% 3

MJFOX - Expenses

Operational Fees

MJFOX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.91% 0.63% 3.09% 89.66% 1
Management Fee 0.66% 0.52% 1.15% 34.48% 2
12b-1 Fee 0.00% 0.00% 1.00% 33.33% 1
Administrative Fee 0.14% 0.01% 0.15% 15.38% 4

Sales Fees

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

MJFOX Fees (% of AUM) Category Low Category High MJFOX Rank Quintile
Max Redemption Fee 2.00% 1.00% 2.00% 5.26% 5

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.

MJFOX Fees (% of AUM) Category Low Category High MJFOX Rank Quintile
Turnover 46.11% 1.00% 101.00% 10.34% 4

MJFOX - Distributions

Dividend Yield Analysis

MJFOX Category Low Category High MJFOX % Rank Quintile
Dividend Yield 0.2% 0.00% 0.70% 16.67% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

MJFOX Category Low Category High MJFOX % Rank Quintile
Net Income Ratio 0.40% -0.77% 1.56% 48.28% 3

Capital Gain Distribution Analysis

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

MJFOX - Managers

Taizo Ishida

Lead Manager

Start Date

Sep 29, 2006

Tenure

12.51

Tenure Rank

5.5%

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. Taizo received a B.A. in Social Science from International Christian University and an M.A. in International Relations from The City College of New York. He is fluent in Japanese.


Shuntaro Takeuchi

Manager

Start Date

Jan 22, 2019

Tenure

0.19

Tenure Rank

40.0%

Shuntaro Takeuchi is a Portfolio Manager at Matthews. 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.


Tenure Analysis

Category Low

0.2

Category High

21.3

Category Average

6.1

Category Mode

4.3