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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$13.05

$654 M

0.00%

$0.00

1.09%

Vitals

YTD Return

15.4%

1 yr return

-24.1%

3 Yr Avg Return

-4.1%

5 Yr Avg Return

-3.3%

Net Assets

$654 M

Holdings in Top 10

46.8%

52 WEEK LOW AND HIGH

$13.1
$11.22
$18.15

Expenses

OPERATING FEES

Expense Ratio 1.09%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 220.45%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$13.05

$654 M

0.00%

$0.00

1.09%

MATFX - Profile

Distributions

  • YTD Total Return 15.4%
  • 3 Yr Annualized Total Return -4.1%
  • 5 Yr Annualized Total Return -2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.59%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Matthews Asia Innovators Fund
  • Fund Family Name
    Matthews Asia Funds
  • Inception Date
    Dec 27, 1999
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Oh

Fund Description

Under normal circumstances, the Matthews Asia Innovators 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 Asia that Matthews believes are innovators in their products, services, processes, business models, management, use of technology, or approach to creating, expanding or servicing their markets. Asia consists of all countries and markets in Asia, including developed, emerging, and frontier countries and markets in the Asian region. Certain emerging market countries may also be classified as “frontier” market countries, which are a subset of emerging market countries with newer or even less developed economies and markets, such as Sri Lanka and Vietnam. A company or other issuer is considered to be “located” in a country or a region, and a security or instrument is deemed to be an Asian (or specific country) security or instrument, if it has substantial ties to that country or region. Matthews currently makes that determination based primarily on one or more of the following criteria: (A) with respect to a company or issuer, whether (i) it is organized under the laws of that country or any country in that region; (ii) it derives at least 50% of its revenues or profits from goods produced or sold, investments made, or 
services performed, or has at least 50% of its assets located, within that country or region; (iii) it has the primary trading markets for its securities in that country or region; (iv) it has its principal place of business in or is otherwise headquartered in that country or region; or (v) it is a governmental entity or an agency, instrumentality or a political subdivision of that country or any country in that region; and (B) with respect to an instrument or issue, whether (i) its issuer is headquartered or organized in that country or region; (ii) it is issued to finance a project with significant assets or operations in that country or region; (iii) it is principally secured or backed by assets located in that country or region; (iv) it is a component of or its issuer is included in a recognized securities index for the country or region; or (v) it is denominated in the currency of an Asian country and addresses at least one of the other above criteria. The term “located” and the associated criteria listed above have been defined in such a way that Matthews has latitude in determining whether an issuer should be included within a region or country. The Fund may also invest in depositary receipts, including American, European and Global Depositary Receipts. 
It is important to note that there are no universally agreed upon objective standards for assessing innovators. Innovative companies can be both old and new companies. Innovative companies can exist in any industries, old and new, and in any countries, emerging or developed. Companies perceived as innovators in one country or one industry might not be perceived as innovators in another country or another industry. For these reasons, the term innovators may be aspirational and tend to be stated broadly and applied flexibly. 
The Fund seeks to invest in companies capable of sustainable growth based on the fundamental characteristics of those companies, including balance sheet information; number of employees; size and stability of cash flow; management’s depth, adaptability and integrity; product lines; marketing strategies; corporate governance; and financial health. The Fund may invest in companies of any size, including smaller size companies. Matthews measures a company’s size with respect to fundamental criteria such as, but not limited to, market capitalization, book value, revenues, profits, cash flow, dividends paid and number of employees. The implementation of the principal investment strategies of the Fund may result in a significant portion of the Fund’s assets being invested from time to time in one or more sectors, but the Fund may invest in companies in any sector. The implementation of the Fund’s principal investment strategies may also result in high portfolio turnover rates. 
The Fund has a fundamental policy to invest at least 25% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies that derive more than 50% of their revenues from the sale of products or services in science- and technology-related industries and services, which Matthews considers to be the following, among others: telecommunications, telecommunications equipment, computers, semiconductors, semiconductor capital equipment, networking, Internet and online service companies, media, office automation, server hardware producers, software companies (e.g., design, consumer and industrial), biotechnology and medical device technology companies, pharmaceuticals and companies involved in the distribution and servicing of these products. 
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MATFX - Performance

Return Ranking - Trailing

Period MATFX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.4% -23.2% 18.7% 11.86%
1 Yr -24.1% -35.7% 11.2% 98.28%
3 Yr -4.1%* -17.1% 10.9% 81.48%
5 Yr -3.3%* -12.4% 6.4% 54.90%
10 Yr 3.4%* -4.5% 7.7% 22.86%

* Annualized

Return Ranking - Calendar

Period MATFX Return Category Return Low Category Return High Rank in Category (%)
2022 -40.0% -40.0% 5.2% 100.00%
2021 -16.0% -25.3% 7.5% 96.23%
2020 22.4% -3.3% 22.5% 3.77%
2019 6.6% -0.8% 9.7% 11.32%
2018 -4.5% -7.5% -0.7% 66.67%

Total Return Ranking - Trailing

Period MATFX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.4% -23.2% 18.7% 11.86%
1 Yr -24.1% -35.7% 11.2% 98.28%
3 Yr -4.1%* -17.1% 10.9% 81.48%
5 Yr -2.8%* -12.4% 6.4% 60.78%
10 Yr 6.0%* 0.7% 7.7% 11.43%

* Annualized

Total Return Ranking - Calendar

Period MATFX Return Category Return Low Category Return High Rank in Category (%)
2022 -40.0% -40.0% 5.2% 100.00%
2021 -16.0% -25.3% 7.5% 96.23%
2020 22.4% -3.3% 22.5% 3.77%
2019 6.6% -0.8% 9.7% 11.32%
2018 -4.0% -4.8% -0.7% 77.08%

NAV & Total Return History


MATFX - Holdings

Concentration Analysis

MATFX Category Low Category High MATFX % Rank
Net Assets 654 M 3.84 M 5.61 B 25.42%
Number of Holdings 44 35 1746 91.53%
Net Assets in Top 10 375 M 1.26 M 2.16 B 20.34%
Weighting of Top 10 46.80% 17.7% 60.0% 20.34%

Top 10 Holdings

  1. Alibaba Group Holding Ltd Ordinary Shares 7.80%
  2. Alibaba Group Holding Ltd Ordinary Shares 7.80%
  3. Alibaba Group Holding Ltd Ordinary Shares 7.80%
  4. Alibaba Group Holding Ltd Ordinary Shares 7.80%
  5. Alibaba Group Holding Ltd Ordinary Shares 7.80%
  6. Alibaba Group Holding Ltd Ordinary Shares 7.80%
  7. Alibaba Group Holding Ltd Ordinary Shares 7.80%
  8. Alibaba Group Holding Ltd Ordinary Shares 7.80%
  9. Alibaba Group Holding Ltd Ordinary Shares 7.80%
  10. Alibaba Group Holding Ltd Ordinary Shares 7.80%

Asset Allocation

Weighting Return Low Return High MATFX % Rank
Stocks
97.42% 85.15% 99.81% 44.07%
Cash
2.58% 0.13% 8.24% 59.32%
Preferred Stocks
0.00% 0.00% 0.01% 66.10%
Other
0.00% 0.00% 4.15% 66.10%
Convertible Bonds
0.00% 0.00% 6.14% 74.58%
Bonds
0.00% 0.00% 0.01% 66.10%

MATFX - Expenses

Operational Fees

MATFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.19% 2.14% 46.55%
Management Fee 0.66% 0.19% 1.00% 32.20%
12b-1 Fee 0.00% 0.00% 1.00% 39.29%
Administrative Fee N/A 0.08% 0.25% 72.55%

Sales Fees

MATFX 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

MATFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 50.00%

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.

MATFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 220.45% 9.00% 222.00% 96.08%

MATFX - Distributions

Dividend Yield Analysis

MATFX Category Low Category High MATFX % Rank
Dividend Yield 0.00% 0.00% 6.71% 72.88%

Dividend Distribution Analysis

MATFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

MATFX Category Low Category High MATFX % Rank
Net Income Ratio -0.59% -1.41% 4.89% 82.76%

Capital Gain Distribution Analysis

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

Distributions History

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MATFX - Fund Manager Analysis

Managers

Michael Oh


Start Date

Tenure

Tenure Rank

Jan 04, 2006

16.41

16.4%

Michael J. Oh is a Portfolio Manager at Matthews. He manages the firm’s Asia Innovators and Korea Strategies. Michael joined the Matthews in 2000 as a Research Analyst and has built his investment career at the Matthews. Michael received a B.A. in Political Economy of Industrial Societies from the University of California, Berkeley. He is fluent in Korean. Michael has been a Portfolio Manager of the Matthews Korea Fund since 2007 and of the Matthews Asia Innovators Fund since 2006.

Taizo Ishida


Start Date

Tenure

Tenure Rank

Apr 28, 2022

0.09

0.1%

Taizo Ishida is a Portfolio Manager at Matthews. He manages the firm’s Asia Growth, Emerging Asia, and Japan Strategies. 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.

Tenure Analysis

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