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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Matthews Asian Growth and Income Fund

MACSX | Fund

$11.82

$944 M

1.32%

$0.16

1.07%

Vitals

YTD Return

-26.4%

1 yr return

-15.8%

3 Yr Avg Return

4.3%

5 Yr Avg Return

2.8%

Net Assets

$944 M

Holdings in Top 10

34.8%

52 WEEK LOW AND HIGH

$12.0
$11.82
$18.50

Expenses

OPERATING FEES

Expense Ratio 1.07%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 37.85%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Pacific/Asia ex-Japan Stk

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Matthews Asian Growth and Income Fund

MACSX | Fund

$11.82

$944 M

1.32%

$0.16

1.07%

MACSX - Profile

Distributions

  • YTD Total Return -26.4%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.91%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Matthews Asian Growth and Income Fund
  • Fund Family Name
    Matthews Asia Funds
  • Inception Date
    Sep 12, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Horrocks

Fund Description

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 common stock, preferred stock and other equity securities, and convertible securities as well as fixed-income securities, of any duration or quality, including high yield securities (also known as "junk bonds"), of companies located in Asia, which consists of all countries and markets in Asia, including developed, emerging, and frontier countries and markets in the Asian region.

MACSX - Performance

Return Ranking - Trailing

Period MACSX Return Category Return Low Category Return High Rank in Category (%)
YTD -26.4% -38.1% 9.8% 35.59%
1 Yr -15.8% -40.5% 5.1% 21.82%
3 Yr 4.3%* -0.3% 19.3% 74.55%
5 Yr 2.8%* 0.1% 11.5% 75.47%
10 Yr 4.9%* 2.6% 12.4% 90.91%

* Annualized

Return Ranking - Calendar

Period MACSX Return Category Return Low Category Return High Rank in Category (%)
2021 -11.0% -44.2% 100.0% 26.42%
2020 14.7% -13.5% 83.8% 90.57%
2019 13.0% -3.3% 44.7% 75.47%
2018 -20.3% -32.4% -3.5% 58.33%
2017 16.9% 1.4% 74.8% 89.13%

Total Return Ranking - Trailing

Period MACSX Return Category Return Low Category Return High Rank in Category (%)
YTD -26.4% -38.1% -6.5% 35.59%
1 Yr -15.8% -43.2% 5.1% 21.82%
3 Yr 4.3%* -0.3% 19.3% 72.73%
5 Yr 2.8%* 0.1% 11.5% 75.47%
10 Yr 4.9%* 2.6% 12.4% 88.64%

* Annualized

Total Return Ranking - Calendar

Period MACSX Return Category Return Low Category Return High Rank in Category (%)
2021 -11.0% -44.2% 100.0% 26.42%
2020 14.7% -13.5% 83.8% 90.57%
2019 13.0% -3.3% 44.7% 75.47%
2018 -10.9% -23.8% -3.5% 14.58%
2017 21.8% 11.4% 76.8% 91.30%

NAV & Total Return History

MACSX - Holdings

Concentration Analysis

MACSX Category Low Category High MACSX % Rank
Net Assets 944 M 3.84 M 5.61 B 20.34%
Number of Holdings 57 35 1746 61.02%
Net Assets in Top 10 347 M 1.26 M 2.16 B 23.73%
Weighting of Top 10 34.76% 17.7% 60.0% 79.66%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 8.13%
  2. Taiwan Semiconductor Manufacturing Co Ltd 8.13%
  3. Taiwan Semiconductor Manufacturing Co Ltd 8.13%
  4. Taiwan Semiconductor Manufacturing Co Ltd 8.13%
  5. Taiwan Semiconductor Manufacturing Co Ltd 8.13%
  6. Taiwan Semiconductor Manufacturing Co Ltd 8.13%
  7. Taiwan Semiconductor Manufacturing Co Ltd 8.13%
  8. Taiwan Semiconductor Manufacturing Co Ltd 8.13%
  9. Taiwan Semiconductor Manufacturing Co Ltd 8.13%
  10. Taiwan Semiconductor Manufacturing Co Ltd 8.13%

Asset Allocation

Weighting Return Low Return High MACSX % Rank
Stocks 		85.15% 85.15% 99.81% 100.00%
Convertible Bonds 		6.14% 0.00% 6.14% 3.39%
Cash 		4.56% 0.13% 8.24% 37.29%
Other 		4.15% 0.00% 4.15% 3.39%
Preferred Stocks 		0.00% 0.00% 0.01% 64.41%
Bonds 		0.00% 0.00% 0.01% 64.41%

Stock Sector Breakdown

Weighting Return Low Return High MACSX % Rank
Technology 		23.88% 0.00% 35.18% 49.15%
Financial Services 		18.23% 7.86% 53.75% 59.32%
Consumer Cyclical 		17.90% 2.54% 30.22% 38.98%
Industrials 		10.49% 0.00% 28.54% 23.73%
Communication Services 		9.95% 0.00% 19.04% 50.85%
Consumer Defense 		7.44% 0.00% 15.16% 25.42%
Real Estate 		6.61% 0.00% 16.03% 35.59%
Utilities 		2.09% 0.00% 7.67% 40.68%
Healthcare 		1.93% 0.00% 20.44% 83.05%
Basic Materials 		1.47% 0.00% 24.13% 49.15%
Energy 		0.00% 0.00% 7.66% 77.97%

Stock Geographic Breakdown

Weighting Return Low Return High MACSX % Rank
Non US 		83.17% 83.17% 99.70% 100.00%
US 		1.98% 0.00% 7.68% 27.12%

MACSX - Expenses

Operational Fees

MACSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.19% 2.14% 48.28%
Management Fee 0.66% 0.19% 1.00% 33.90%
12b-1 Fee 0.00% 0.00% 1.00% 42.86%
Administrative Fee N/A 0.08% 0.25% 70.59%

Sales Fees

MACSX 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

MACSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 47.73%

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.

MACSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.85% 9.00% 222.00% 29.41%

MACSX - Distributions

Dividend Yield Analysis

MACSX Category Low Category High MACSX % Rank
Dividend Yield 1.32% 0.00% 7.68% 38.98%

Dividend Distribution Analysis

MACSX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

MACSX Category Low Category High MACSX % Rank
Net Income Ratio 0.91% -1.41% 4.89% 24.14%

Capital Gain Distribution Analysis

MACSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

MACSX - Fund Manager Analysis

Managers

Robert Horrocks

Start Date

Tenure

Tenure Rank

Apr 29, 2009

13.1

13.1%

Robert Horrocks is Chief Investment Officer and a Portfolio Manager at Matthews and has been a Matthews Asia Funds Trustee since 2018. He manages the firm’s Asian Growth and Income Strategy and co-manages the Asia Dividend and Asia ex Japan Dividend Strategies. As Chief Investment Officer, Robert oversees the firm’s investment process and investment professionals and sets the research agenda for the investment team.Before joining Matthews in August 2008, Robert was Head of Research at Mirae Asset Management in Hong Kong.

Kenneth Lowe

Start Date

Tenure

Tenure Rank

Dec 19, 2011

10.45

10.5%

Kenneth Lowe is a Portfolio Manager at Matthews and manages the firm’s Asian Growth and Income Strategy. Prior to joining Matthews in 2010, he was an Investment Manager on the Asia and Global Emerging Market Equities Team at Martin Currie Investment Management in Edinburgh, Scotland. Kenneth received an M.A. in Mathematics and Economics from the University of Glasgow. Kenneth has been a Portfolio Manager of the Matthews Asian Growth and Income Fund since 2011.

Satya Patel

Start Date

Tenure

Tenure Rank

Aug 31, 2020

1.75

1.8%

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.

Siddharth Bhargava

Start Date

Tenure

Tenure Rank

Apr 30, 2021

1.08

1.1%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 22.43 4.66 0.25

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