MCHFX: Matthews China Investor

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MCHFX Matthews China Investor

  • Fund
  • MCHFX
  • Price as of: Dec 06, 2019
  • $18.31
    + $0.26 + 1.44%

Profile

MCHFX - Profile

Vitals

  • YTD Return 27.4%
  • 3 Yr Annualized Return 3.9%
  • 5 Yr Annualized Return -3.5%
  • Net Assets $851 M
  • Holdings in Top 10 49.9%

52 WEEK LOW AND HIGH

$18.31
$13.79
$18.77

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.10%

SALES FEES

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

BROKERAGE FEES

  • Turnover 96.98%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style China Region

Distributions

  • YTD Total Return 27.4%
  • 3 Yr Annualized Total Return 14.9%
  • 5 Yr Annualized Total Return 9.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.00%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Matthews China Fund
  • Fund Family Name
    Matthews Asia Funds
  • Inception Date
    Feb 19, 1998
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Winnie Chwang

Fund Description

The Matthews China Fund Investor Class (MCHFX) is an actively managed fund that focuses on Chinese equities. The fund uses fundamental metrics to invest directly in stocks domiciled in China, Hong Kong and its administrative and other districts. MCHFX’s managers specifically invest in companies that are capable of sustainable growth. A focus on cash flows, earnings and balance sheet strength are major points for research.

With its focus on a single emerging-market nation, MCHFX should only be used as a satellite position in a portfolio. The fund is managed by Matthews Asia.


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Performance

MCHFX - Performance

Return Ranking - Trailing

Period MCHFX Return Category Return Low Category Return High Rank in Category (%)
YTD 27.4% -26.0% 36.0% 17.86%
1 Yr 2.2% -26.4% 26.4% 64.81%
3 Yr 3.9%* -10.1% 16.4% 62.00%
5 Yr -3.5%* -11.6% 10.6% 80.00%
10 Yr -3.2%* -5.8% 9.4% 85.71%

* Annualized

Return Ranking - Calendar

Period MCHFX Return Category Return Low Category Return High Rank in Category (%)
2018 -35.3% -52.1% -12.2% 88.00%
2017 43.5% 18.8% 58.1% 41.30%
2016 -16.0% -16.0% 4.0% 97.83%
2015 -14.2% -34.4% 3.1% 71.74%
2014 -6.0% -23.4% 37.8% 52.17%

Total Return Ranking - Trailing

Period MCHFX Return Category Return Low Category Return High Rank in Category (%)
YTD 27.4% -26.0% 36.0% 17.86%
1 Yr 24.4% -26.4% 29.2% 5.56%
3 Yr 14.9%* -4.5% 16.7% 16.00%
5 Yr 9.1%* -11.6% 10.8% 12.00%
10 Yr 5.2%* -5.8% 9.4% 52.38%

* Annualized

Total Return Ranking - Calendar

Period MCHFX Return Category Return Low Category Return High Rank in Category (%)
2018 -21.2% -52.1% -9.6% 66.00%
2017 59.1% 18.9% 65.8% 21.74%
2016 -5.0% -11.5% 5.9% 65.22%
2015 2.4% -34.4% 9.7% 10.87%
2014 -4.4% -14.8% 37.8% 80.43%

NAV & Total Return History


Holdings

MCHFX - Holdings

Concentration Analysis

MCHFX Category Low Category High MCHFX % Rank
Net Assets 851 M 13.2 M 1.24 B 12.50%
Number of Holdings 42 34 136 73.21%
Net Assets in Top 10 397 M 4.52 M 547 M 12.50%
Weighting of Top 10 49.86% 28.8% 65.0% 46.43%

Top 10 Holdings

  1. Alibaba Group Holding Ltd ADR 12.79%
  2. Tencent Holdings Ltd 9.56%
  3. JD.com Inc ADR 3.83%
  4. Industrial And Commercial Bank Of China Ltd Class H 3.81%
  5. China Construction Bank Corp Class H 3.73%
  6. New China Life Insurance Co Ltd Class H 3.61%
  7. Agricultural Bank of China Ltd Class H 3.57%
  8. AIA Group Ltd 3.11%
  9. Ping An Insurance (Group) Co. of China Ltd 2.96%
  10. Sino Biopharmaceutical Ltd 2.90%

Asset Allocation

Weighting Return Low Return High MCHFX % Rank
Stocks
94.65% 87.94% 101.32% 83.93%
Cash
5.35% -1.31% 12.04% 12.50%
Preferred Stocks
0.00% 0.00% 0.00% 1.79%
Other
0.00% 0.00% 7.29% 14.29%
Convertible Bonds
0.00% 0.00% 0.00% 1.79%
Bonds
0.00% 0.00% 0.00% 1.79%

Stock Sector Breakdown

Weighting Return Low Return High MCHFX % Rank
Financial Services
27.42% 0.00% 48.88% 10.71%
Consumer Cyclical
25.30% 2.96% 33.82% 10.71%
Technology
21.21% 1.39% 27.54% 23.21%
Real Estate
7.55% 0.00% 22.26% 16.07%
Healthcare
5.77% 1.44% 28.43% 55.36%
Consumer Defense
4.55% 1.08% 19.64% 83.93%
Basic Materials
2.86% 0.00% 8.46% 50.00%
Utilities
0.00% 0.00% 9.74% 67.86%
Industrials
0.00% 0.00% 20.11% 91.07%
Energy
0.00% 0.00% 6.13% 87.50%
Communication Services
0.00% 0.00% 26.10% 87.50%

Stock Geographic Breakdown

Weighting Return Low Return High MCHFX % Rank
Non US
93.66% 90.01% 100.35% 83.93%
US
0.99% -2.19% 6.39% 37.50%

Expenses

MCHFX - Expenses

Operational Fees

MCHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.91% 5.13% 88.89%
Management Fee 0.66% 0.66% 1.50% 1.79%
12b-1 Fee 0.00% 0.00% 1.00% 2.70%
Administrative Fee 0.14% 0.05% 0.26% 50.00%

Sales Fees

MCHFX 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

MCHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.05% 2.00% 4.00%

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.

MCHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 96.98% 1.00% 131.00% 87.04%

Distributions

MCHFX - Distributions

Dividend Yield Analysis

MCHFX Category Low Category High MCHFX % Rank
Dividend Yield 1.57% 0.00% 1.90% 8.93%

Dividend Distribution Analysis

MCHFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

MCHFX Category Low Category High MCHFX % Rank
Net Income Ratio 1.00% -1.07% 2.54% 33.33%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MCHFX - Fund Manager Analysis

Managers

Winnie Chwang


Start Date

Tenure

Tenure Rank

Apr 30, 2014

5.59

5.6%

Winnie Chwang is a Portfolio Manager at Matthews. She joined the firm in 2004 and has built her investment career at Matthews. Winnie earned an M.B.A. from the Haas School of Business and received her B.A. in Economics with a minor in Business Administration from the University of California, Berkeley. She is fluent in Mandarin and conversational in Cantonese.

Andrew Mattock


Start Date

Tenure

Tenure Rank

Apr 30, 2015

4.59

4.6%

Andrew Mattock is a Portfolio Manager at Matthews and co-manages the firm’s China strategy. Prior to joining the firm in 2015, he was a Fund Manager at Henderson Global Investors for 15 years, first in London and then in Singapore, managing Asia Pacific equities. Andrew holds a Bachelor of Business majoring in Accounting and began his career at PricewaterhouseCoopers and qualified as a Chartered Accountant.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.32 25.82 5.19 10.92