MACSX: Matthews Asian Growth & Inc Investor

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MACSX Matthews Asian Growth & Inc Investor


Profile

MACSX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return -2.9%
  • Net Assets $1.47 B
  • Holdings in Top 10 24.1%

52 WEEK LOW AND HIGH

$15.73
$14.42
$16.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.95%

SALES FEES

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

BROKERAGE FEES

  • Turnover 32.24%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Pacific/Asia ex-Japan Stk

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 5.6%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.95%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Matthews Asian Growth and Income Fund Investor Class
  • 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.


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Categories

Fund Company Quick Screens

MACSX - Fund Company Quick Screens


Performance

MACSX - Performance

Return Ranking - Trailing

Period MACSX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -1.0% 3.8% 68.00%
1 Yr 7.6% -6.2% 33.5% 80.61%
3 Yr 0.3%* -6.9% 26.5% 88.51%
5 Yr -2.9%* -5.3% 10.7% 95.00%
10 Yr 0.1%* -3.7% 18.2% 92.50%

* Annualized

Return Ranking - Calendar

Period MACSX Return Category Return Low Category Return High Rank in Category (%)
2019 13.0% -4.4% 44.7% 80.61%
2018 -20.3% -47.1% -11.8% 40.00%
2017 16.9% -0.9% 104.2% 92.94%
2016 -6.8% -18.0% 17.1% 91.76%
2015 -11.0% -31.2% 8.8% 58.97%

Total Return Ranking - Trailing

Period MACSX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -1.0% 3.8% 68.00%
1 Yr 7.6% -6.2% 33.5% 80.61%
3 Yr 5.6%* -2.7% 27.2% 79.31%
5 Yr 3.3%* -1.8% 10.7% 71.25%
10 Yr 5.3%* 0.7% 19.1% 52.50%

* Annualized

Total Return Ranking - Calendar

Period MACSX Return Category Return Low Category Return High Rank in Category (%)
2019 13.0% -4.4% 44.7% 80.61%
2018 -10.9% -47.1% -9.5% 4.44%
2017 21.8% 16.8% 104.2% 96.47%
2016 1.4% -18.0% 19.6% 58.82%
2015 -4.5% -31.0% 15.3% 32.05%

NAV & Total Return History


Holdings

MACSX - Holdings

Concentration Analysis

MACSX Category Low Category High MACSX % Rank
Net Assets 1.47 B 5.77 M 8.73 B 9.00%
Number of Holdings 71 2 208 38.00%
Net Assets in Top 10 332 M 2.68 M 2.92 B 10.00%
Weighting of Top 10 24.09% 15.1% 99.5% 95.00%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 3.96%
  2. AIA Group Ltd 3.44%
  3. Tencent Holdings Ltd 2.88%
  4. Samsung Electronics Co Ltd 2.57%
  5. Macquarie Korea Infrastructure Ord 2.03%
  6. Housing Development Finance Corp Ltd 1.98%
  7. LG Household & Health Care Ltd Participating Preferred 1.92%
  8. Capitaland Ltd 1.95% 1.79%
  9. Singapore Telecommunications Ltd 1.78%
  10. Ascendas Real Estate Investment Trust 1.74%

Asset Allocation

Weighting Return Low Return High MACSX % Rank
Stocks
84.76% 84.76% 100.00% 99.00%
Convertible Bonds
11.31% 0.00% 11.31% 1.00%
Other
2.03% 0.00% 3.48% 2.00%
Cash
1.89% -0.07% 14.89% 41.00%
Preferred Stocks
0.00% 0.00% 2.15% 59.00%
Bonds
0.00% 0.00% 4.46% 59.00%

Stock Sector Breakdown

Weighting Return Low Return High MACSX % Rank
Technology
23.77% 0.96% 35.05% 38.00%
Financial Services
20.91% 4.57% 37.76% 52.00%
Consumer Cyclical
13.84% 6.74% 35.59% 53.00%
Industrials
12.42% 0.00% 16.25% 6.00%
Consumer Defense
10.56% 3.55% 30.32% 40.00%
Communication Services
7.34% 0.00% 33.63% 34.00%
Real Estate
6.42% 0.00% 18.25% 20.00%
Healthcare
3.11% 0.00% 28.22% 59.00%
Utilities
1.62% 0.00% 7.53% 37.00%
Energy
0.00% 0.00% 11.30% 87.00%
Basic Materials
0.00% 0.00% 8.55% 89.00%

Stock Geographic Breakdown

Weighting Return Low Return High MACSX % Rank
Non US
81.62% 81.62% 99.51% 99.00%
US
3.14% 0.00% 9.93% 18.00%

Expenses

MACSX - Expenses

Operational Fees

MACSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.95% 0.30% 13.31% 40.00%
Management Fee 0.66% 0.15% 1.10% 12.00%
12b-1 Fee 0.00% 0.00% 1.00% 20.69%
Administrative Fee N/A 0.01% 0.25% 70.59%

Sales Fees

MACSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 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 1.00% 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 32.24% 1.00% 360.00% 30.00%

Distributions

MACSX - Distributions

Dividend Yield Analysis

MACSX Category Low Category High MACSX % Rank
Dividend Yield 0.00% 0.00% 8.11% 59.00%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MACSX Category Low Category High MACSX % Rank
Net Income Ratio 1.95% -1.05% 3.02% 11.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MACSX - Fund Manager Analysis

Managers

Robert Horrocks


Start Date

Tenure

Tenure Rank

Apr 29, 2009

10.68

10.7%

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.

Kenneth Lowe


Start Date

Tenure

Tenure Rank

Dec 19, 2011

8.04

8.0%

Kenneth Lowe is a Portfolio Manager at Matthews. 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.

John Lech


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.0

1.0%

John Paul Lech is a Portfolio Manager at Matthews. He co-manages the firm’s Asian Growth and Income Strategy. Prior to joining the firm in 2018, he spent most of his 10 years at OppenheimerFunds as an Analyst and Portfolio Manager on a diversified emerging market equity strategy. John Paul started his career as an Analyst and Associate at Citigroup Global Markets, Inc. He is fluent in Spanish and conversational in French and Portuguese. John Paul earned both an M.A. and a B.S.F.S. from the Walsh School of Foreign Service at Georgetown University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 20.01 4.54 10.13