Matthews Asian Growth & Inc Investor
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
1.2%
1 yr return
13.1%
3 Yr Avg Return
7.6%
5 Yr Avg Return
5.8%
Net Assets
$1.17 B
Holdings in Top 10
33.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.09%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 36.27%
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
MACSX - Profile
Distributions
- YTD Total Return 1.2%
- 3 Yr Annualized Total Return 7.6%
- 5 Yr Annualized Total Return 5.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.38%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameMatthews Asian Growth and Income Fund
-
Fund Family NameMatthews Asia Funds
-
Inception DateSep 12, 1994
-
Shares OutstandingN/A
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRobert 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 | 1.2% | -12.0% | 112.3% | 19.23% |
| 1 Yr | 13.1% | -4.6% | 47.8% | 61.11% |
| 3 Yr | 7.6%* | -1.0% | 26.7% | 75.93% |
| 5 Yr | 5.8%* | 0.9% | 20.7% | 94.23% |
| 10 Yr | 6.5%* | 3.2% | 16.7% | 97.56% |
* Annualized
Return Ranking - Calendar
| Period | MACSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 14.7% | -13.5% | 83.8% | 90.38% |
| 2019 | 13.0% | 4.7% | 44.7% | 78.85% |
| 2018 | -20.3% | -32.4% | -10.4% | 55.32% |
| 2017 | 16.9% | -0.9% | 74.8% | 86.67% |
| 2016 | -6.8% | -18.0% | 14.5% | 93.33% |
Total Return Ranking - Trailing
| Period | MACSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -12.0% | 111.6% | 23.08% |
| 1 Yr | 13.1% | -8.9% | 47.8% | 57.41% |
| 3 Yr | 7.6%* | -1.0% | 26.7% | 74.07% |
| 5 Yr | 5.8%* | 0.9% | 20.7% | 94.23% |
| 10 Yr | 6.5%* | 3.2% | 16.7% | 97.56% |
* Annualized
Total Return Ranking - Calendar
| Period | MACSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 14.7% | -13.5% | 83.8% | 90.38% |
| 2019 | 13.0% | 4.7% | 44.7% | 78.85% |
| 2018 | -10.9% | -23.8% | -9.5% | 10.64% |
| 2017 | 21.8% | 11.4% | 76.8% | 95.56% |
| 2016 | 1.4% | -18.0% | 14.5% | 66.67% |
NAV & Total Return History
MACSX - Holdings
Concentration Analysis
| MACSX | Category Low | Category High | MACSX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.17 B | 4.37 M | 8.55 B | 25.45% |
| Number of Holdings | 60 | 37 | 1683 | 58.18% |
| Net Assets in Top 10 | 487 M | 1.33 M | 3.16 B | 25.45% |
| Weighting of Top 10 | 33.14% | 18.2% | 62.2% | 83.64% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 7.44%
- Taiwan Semiconductor Manufacturing Co Ltd 7.44%
- Taiwan Semiconductor Manufacturing Co Ltd 7.44%
- Taiwan Semiconductor Manufacturing Co Ltd 7.44%
- Taiwan Semiconductor Manufacturing Co Ltd 7.44%
- Taiwan Semiconductor Manufacturing Co Ltd 7.44%
- Taiwan Semiconductor Manufacturing Co Ltd 7.44%
- Taiwan Semiconductor Manufacturing Co Ltd 7.44%
- Taiwan Semiconductor Manufacturing Co Ltd 7.44%
- Taiwan Semiconductor Manufacturing Co Ltd 7.44%
Asset Allocation
| Weighting | Return Low | Return High | MACSX % Rank | |
|---|---|---|---|---|
| Stocks | 83.84% | 83.84% | 100.19% | 100.00% |
| Convertible Bonds | 9.75% | 0.00% | 9.75% | 3.64% |
| Other | 3.50% | 0.00% | 3.50% | 3.64% |
| Cash | 1.67% | -0.19% | 6.11% | 41.82% |
| Bonds | 1.23% | 0.00% | 1.23% | 3.64% |
| Preferred Stocks | 0.00% | 0.00% | 0.01% | 80.00% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MACSX % Rank | |
|---|---|---|---|---|
| Technology | 22.99% | 0.00% | 34.33% | 69.09% |
| Financial Services | 18.45% | 6.01% | 51.81% | 50.91% |
| Consumer Cyclical | 16.02% | 4.32% | 27.27% | 47.27% |
| Communication Services | 13.25% | 0.00% | 24.01% | 34.55% |
| Industrials | 10.51% | 0.00% | 24.18% | 16.36% |
| Consumer Defense | 7.70% | 0.00% | 21.55% | 43.64% |
| Real Estate | 5.69% | 0.00% | 17.66% | 40.00% |
| Utilities | 2.06% | 0.00% | 13.61% | 30.91% |
| Healthcare | 1.94% | 0.00% | 21.03% | 70.91% |
| Basic Materials | 1.39% | 0.00% | 18.09% | 43.64% |
| Energy | 0.00% | 0.00% | 7.68% | 92.73% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MACSX % Rank | |
|---|---|---|---|---|
| Non US | 82.24% | 82.24% | 99.89% | 100.00% |
| US | 1.60% | 0.00% | 7.21% | 29.09% |
MACSX - Expenses
Operational Fees
| MACSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.09% | 0.19% | 2.21% | 51.85% |
| Management Fee | 0.67% | 0.19% | 1.00% | 40.00% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 34.62% |
| Administrative Fee | N/A | 0.08% | 0.15% | 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 | 36.27% | 5.98% | 130.00% | 25.00% |
MACSX - Distributions
Dividend Yield Analysis
| MACSX | Category Low | Category High | MACSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.36% | 0.00% | 1.30% | 80.00% |
Dividend Distribution Analysis
| MACSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Net Income Ratio Analysis
| MACSX | Category Low | Category High | MACSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.38% | -1.49% | 4.89% | 21.15% |
Capital Gain Distribution Analysis
| MACSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Jun 19, 2018 | $0.220 |
| Jun 20, 2017 | $0.103 |
| Jun 21, 2016 | $0.148 |
| Jun 18, 2015 | $0.214 |
| Jun 19, 2014 | $0.149 |
| Jun 20, 2013 | $0.244 |
| Dec 13, 2012 | $0.272 |
| Jun 21, 2012 | $0.197 |
| Dec 08, 2011 | $0.208 |
| Jun 23, 2011 | $0.267 |
| Dec 09, 2010 | $0.282 |
| Jun 24, 2010 | $0.190 |
| Dec 09, 2009 | $0.220 |
| Jun 25, 2009 | $0.227 |
| Dec 10, 2008 | $0.167 |
| Jun 25, 2008 | $0.248 |
| Dec 06, 2007 | $0.689 |
| Jun 26, 2007 | $0.215 |
| Dec 06, 2006 | $0.399 |
| Jun 27, 2006 | $0.219 |
| Dec 22, 2005 | $0.226 |
| Jun 28, 2005 | $0.200 |
| Dec 07, 2004 | $0.383 |
| Jun 30, 2004 | $0.156 |
| Jun 30, 2003 | $0.132 |
| Dec 06, 2002 | $0.072 |
| Jun 28, 2002 | $0.067 |
| Dec 07, 2001 | $0.198 |
| Dec 30, 1996 | $0.078 |
| Jun 28, 1996 | $0.148 |
MACSX - Fund Manager Analysis
Managers
Robert Horrocks
Start Date
Tenure
Tenure Rank
Apr 29, 2009
12.43
12.4%
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
9.79
9.8%
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
1.08
1.1%
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.
Siddharth Bhargava
Start Date
Tenure
Tenure Rank
Apr 30, 2021
0.42
0.4%
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.25 | 21.76 | 5.84 | 4.32 |