Matthews Asia Credit Opportunities Instl
Name
As of 03/15/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-10.0%
1 yr return
-15.9%
3 Yr Avg Return
-8.4%
5 Yr Avg Return
-8.2%
Net Assets
$30.8 M
Holdings in Top 10
34.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.90%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 79.83%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/15/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MICPX - Profile
Distributions
- YTD Total Return -10.0%
- 3 Yr Annualized Total Return -8.4%
- 5 Yr Annualized Total Return -7.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.25%
- Dividend Yield 13.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMatthews Asia Credit Opportunities Fund
-
Fund Family NameMatthews Asia Funds
-
Inception DateApr 29, 2016
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerTeresa Kong
Fund Description
MICPX - Performance
Return Ranking - Trailing
Period | MICPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -10.0% | -4.9% | 11.2% | 98.58% |
1 Yr | -15.9% | -9.8% | 12.8% | 97.97% |
3 Yr | -8.4%* | -15.8% | 1.9% | 97.21% |
5 Yr | -8.2%* | -18.6% | 3.2% | 92.62% |
10 Yr | N/A* | -14.7% | 6.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | MICPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -17.9% | -58.7% | 15.1% | 47.04% |
2022 | -5.6% | -12.8% | 25.4% | 78.85% |
2021 | -1.0% | -6.9% | 3.9% | 87.31% |
2020 | 2.0% | -19.2% | 4.3% | 51.42% |
2019 | -1.3% | -7.2% | 5.2% | 12.16% |
Total Return Ranking - Trailing
Period | MICPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -10.0% | -19.8% | 8.9% | 96.88% |
1 Yr | -15.9% | -21.4% | 12.8% | 97.97% |
3 Yr | -8.4%* | -15.8% | 5.1% | 97.21% |
5 Yr | -7.7%* | -18.6% | 4.3% | 88.93% |
10 Yr | N/A* | -14.7% | 10.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MICPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -17.9% | -58.7% | 15.1% | 47.34% |
2022 | -5.6% | -12.8% | 25.4% | 79.15% |
2021 | -1.0% | -6.9% | 3.9% | 87.00% |
2020 | 2.0% | -19.2% | 4.3% | 54.57% |
2019 | -0.6% | -7.2% | 5.2% | 6.42% |
NAV & Total Return History
MICPX - Holdings
Concentration Analysis
MICPX | Category Low | Category High | MICPX % Rank | |
---|---|---|---|---|
Net Assets | 30.8 M | 49.1 K | 14.8 B | 81.97% |
Number of Holdings | 51 | 4 | 2121 | 93.12% |
Net Assets in Top 10 | 10.3 M | -134 M | 1.25 B | 69.63% |
Weighting of Top 10 | 34.86% | 2.2% | 95.0% | 20.35% |
Top 10 Holdings
- CIFI Holdings Group Co Ltd 6.55% 5.24%
- Logan Group Company Ltd 5.25% 4.67%
- Bosideng International Holdings 1% 4.48%
- PB International BV 7.63% 4.40%
- Honghua Group Ltd 6.38% 4.03%
- Franshion Brilliant Limited 5.75% 4.02%
- Poseidon Finance 1 Ltd 3.97%
- ABJA Investment Co. Pte. Ltd. 5.45% 3.83%
- Indika Energy Capital III Pte. Ltd 5.88% 3.83%
- KWG Group Holdings Limited 5.88% 3.71%
Asset Allocation
Weighting | Return Low | Return High | MICPX % Rank | |
---|---|---|---|---|
Bonds | 75.03% | -0.02% | 116.66% | 91.98% |
Convertible Bonds | 21.88% | 0.00% | 8.47% | 0.86% |
Cash | 3.09% | -16.66% | 101.67% | 75.07% |
Stocks | 0.00% | -0.47% | 2.07% | 34.10% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 11.17% |
Other | 0.00% | -3.28% | 3.53% | 16.62% |
MICPX - Expenses
Operational Fees
MICPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.90% | 0.17% | 43.25% | 52.72% |
Management Fee | 0.55% | 0.00% | 1.10% | 19.94% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 6.10% |
Administrative Fee | 0.14% | 0.02% | 0.65% | 58.82% |
Sales Fees
MICPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MICPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.75% | 2.00% | N/A |
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.
MICPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 79.83% | 0.00% | 218.00% | 66.99% |
MICPX - Distributions
Dividend Yield Analysis
MICPX | Category Low | Category High | MICPX % Rank | |
---|---|---|---|---|
Dividend Yield | 13.07% | 0.00% | 28.39% | 22.47% |
Dividend Distribution Analysis
MICPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
MICPX | Category Low | Category High | MICPX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.25% | -2.28% | 9.04% | 39.36% |
Capital Gain Distribution Analysis
MICPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2022 | $0.040 | OrdinaryDividend |
Nov 17, 2022 | $0.040 | OrdinaryDividend |
Oct 25, 2022 | $0.041 | OrdinaryDividend |
Sep 28, 2022 | $0.021 | OrdinaryDividend |
Aug 25, 2022 | $0.034 | OrdinaryDividend |
Jul 26, 2022 | $0.048 | OrdinaryDividend |
Jun 28, 2022 | $0.040 | OrdinaryDividend |
May 24, 2022 | $0.039 | OrdinaryDividend |
Apr 26, 2022 | $0.037 | OrdinaryDividend |
Mar 29, 2022 | $0.034 | OrdinaryDividend |
Feb 23, 2022 | $0.033 | OrdinaryDividend |
Dec 15, 2021 | $0.075 | OrdinaryDividend |
Nov 18, 2021 | $0.066 | OrdinaryDividend |
Oct 26, 2021 | $0.036 | OrdinaryDividend |
Sep 28, 2021 | $0.034 | OrdinaryDividend |
Aug 26, 2021 | $0.033 | OrdinaryDividend |
Jul 27, 2021 | $0.034 | OrdinaryDividend |
Jun 29, 2021 | $0.035 | OrdinaryDividend |
May 26, 2021 | $0.030 | OrdinaryDividend |
Apr 27, 2021 | $0.039 | OrdinaryDividend |
Mar 25, 2021 | $0.039 | OrdinaryDividend |
Feb 23, 2021 | $0.028 | OrdinaryDividend |
Jan 26, 2021 | $0.048 | OrdinaryDividend |
Nov 19, 2020 | $0.044 | OrdinaryDividend |
Oct 27, 2020 | $0.036 | OrdinaryDividend |
Sep 29, 2020 | $0.040 | OrdinaryDividend |
Aug 27, 2020 | $0.045 | OrdinaryDividend |
Jul 28, 2020 | $0.041 | OrdinaryDividend |
Jun 25, 2020 | $0.038 | OrdinaryDividend |
May 27, 2020 | $0.043 | OrdinaryDividend |
Apr 28, 2020 | $0.041 | OrdinaryDividend |
Mar 26, 2020 | $0.033 | OrdinaryDividend |
Feb 27, 2020 | $0.042 | OrdinaryDividend |
Dec 17, 2019 | $0.039 | OrdinaryDividend |
Sep 17, 2019 | $0.136 | OrdinaryDividend |
Jun 18, 2019 | $0.109 | OrdinaryDividend |
Mar 18, 2019 | $0.104 | OrdinaryDividend |
Dec 12, 2018 | $0.108 | OrdinaryDividend |
Sep 18, 2018 | $0.062 | OrdinaryDividend |
Jun 19, 2018 | $0.094 | OrdinaryDividend |
Mar 19, 2018 | $0.095 | OrdinaryDividend |
Sep 19, 2017 | $0.149 | OrdinaryDividend |
Jun 20, 2017 | $0.083 | OrdinaryDividend |
Mar 21, 2017 | $0.124 | OrdinaryDividend |
Sep 20, 2016 | $0.109 | OrdinaryDividend |
Jun 21, 2016 | $0.060 | OrdinaryDividend |
MICPX - Fund Manager Analysis
Managers
Teresa Kong
Start Date
Tenure
Tenure Rank
Apr 29, 2016
6.09
6.1%
Teresa Kong is a Portfolio Manager at Matthews International Capital Management, LLC. Prior to joining Matthews in 2010, she was Head of Emerging Market Investments at Barclays Global Investors, now known as BlackRock, and responsible for managing the firm’s investment strategies in Emerging Asia, Eastern Europe, Africa and Latin America. She developed and managed strategies spanning absolute return, active long-only and exchange-traded funds. In addition to founding the Fixed Income Emerging Markets Group at BlackRock, she was also Senior Portfolio Manager and Credit Strategist on the Fixed Income credit team. Previously, Teresa was a Senior Securities Analyst in the High Yield Group with Oppenheimer Funds, and began her career with JP Morgan Securities Inc., where she worked in the Structured Products Group and Latin America Capital Markets Group. She received both a B.A. in Economics and Political Science and an M.A. in International Development Policies from Stanford University. She speaks Cantonese fluently and is conversational in Mandarin.
Satya Patel
Start Date
Tenure
Tenure Rank
Apr 29, 2016
6.09
6.1%
Satya Patel is a Portfolio Manager at Matthews. Prior to joining the firm in 2011, Satya was an Investment Analyst with Concerto Asset Management. He earned his M.B.A. from the University of Chicago Booth School of Business in 2010. In 2009, Satya worked as an Investment Associate in Private Placements for Metlife Investments and from 2006 to 2008, he was an Associate in Credit Hedge Fund Sales for Deutsche Bank in London. He holds a Master’s in Accounting and Finance from the London School of Economics and a B.A. in Business Administration and Public Health from the University of Georgia.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 23.87 | 6.34 | 6.11 |