MIDNX: Matthews India Instl

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MIDNX Matthews India Instl


Profile

MIDNX - Profile

Vitals

  • YTD Return -34.6%
  • 3 Yr Annualized Return -20.3%
  • 5 Yr Annualized Return -12.5%
  • Net Assets $534 M
  • Holdings in Top 10 44.8%

52 WEEK LOW AND HIGH

$15.40
$14.02
$28.18

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.94%

SALES FEES

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

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style India Equity

Distributions

  • YTD Total Return -34.6%
  • 3 Yr Annualized Total Return -15.5%
  • 5 Yr Annualized Total Return -9.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.09%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Matthews India Fund
  • Fund Family Name
    Matthews Asia Funds
  • Inception Date
    Oct 29, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Sharat Shroff

Fund Description

Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in publicly traded common stocks, preferred stocks and convertible securities of companies located in India. 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.


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Performance

MIDNX - Performance

Return Ranking - Trailing

Period MIDNX Return Category Return Low Category Return High Rank in Category (%)
YTD -34.6% -37.2% 0.0% 88.24%
1 Yr -45.1% -45.2% -24.2% 94.12%
3 Yr -20.3%* -25.8% -6.6% 87.50%
5 Yr -12.5%* -14.5% -1.0% 78.57%
10 Yr N/A* -5.6% 0.3% 12.50%

* Annualized

Return Ranking - Calendar

Period MIDNX Return Category Return Low Category Return High Rank in Category (%)
2019 -11.3% -32.6% 13.6% 70.59%
2018 -23.0% -37.0% -11.4% 87.50%
2017 33.9% 21.7% 49.2% 56.25%
2016 -2.7% -6.6% 3.0% 85.71%
2015 0.0% -17.3% 2.7% 14.29%

Total Return Ranking - Trailing

Period MIDNX Return Category Return Low Category Return High Rank in Category (%)
YTD -34.6% -37.2% 0.0% 88.24%
1 Yr -45.1% -45.2% -24.2% 94.12%
3 Yr -15.5%* -25.8% -6.3% 81.25%
5 Yr -9.2%* -14.5% -1.0% 78.57%
10 Yr N/A* -5.6% 1.0% 12.50%

* Annualized

Total Return Ranking - Calendar

Period MIDNX Return Category Return Low Category Return High Rank in Category (%)
2019 -11.3% -32.6% 13.6% 70.59%
2018 -9.6% -37.0% -9.6% 6.25%
2017 36.0% 21.7% 49.2% 75.00%
2016 -2.7% -6.6% 4.4% 85.71%
2015 1.1% -12.2% 2.7% 14.29%

NAV & Total Return History


Holdings

MIDNX - Holdings

Concentration Analysis

MIDNX Category Low Category High MIDNX % Rank
Net Assets 534 M 51.4 M 534 M 11.76%
Number of Holdings 49 2 60 52.94%
Net Assets in Top 10 441 M 39.2 M 441 M 11.76%
Weighting of Top 10 44.80% 31.1% 99.2% 76.47%

Top 10 Holdings

  1. HDFC Bank Ltd 6.93%
  2. Eicher Motors Ltd 5.62%
  3. Kotak Mahindra Bank Ltd 5.13%
  4. Cholamandalam Investment and Finance Co Ltd 5.02%
  5. VST Industries Ltd 4.93%
  6. Axis Bank Ltd 3.85%
  7. Wipro Ltd 3.64%
  8. Zydus Wellness Ltd 3.63%
  9. Shriram City Union Finance Ltd 3.12%
  10. Infosys Ltd 2.95%

Asset Allocation

Weighting Return Low Return High MIDNX % Rank
Stocks
97.76% 0.00% 99.10% 47.06%
Cash
2.25% 0.80% 15.48% 41.18%
Preferred Stocks
0.00% 0.00% 0.00% 52.94%
Other
0.00% 0.00% 99.20% 76.47%
Convertible Bonds
0.00% 0.00% 0.00% 52.94%
Bonds
0.00% 0.00% 0.00% 52.94%

Stock Sector Breakdown

Weighting Return Low Return High MIDNX % Rank
Financial Services
42.79% 0.00% 43.21% 29.41%
Consumer Defense
13.98% 0.00% 19.06% 17.65%
Consumer Cyclical
12.84% 2.18% 12.84% 11.76%
Technology
11.48% 4.44% 17.83% 35.29%
Healthcare
9.18% 0.00% 9.91% 23.53%
Industrials
5.11% 0.00% 12.08% 52.94%
Communication Services
3.97% 0.00% 7.10% 29.41%
Basic Materials
0.65% 0.00% 11.65% 76.47%
Utilities
0.00% 0.00% 6.59% 52.94%
Real Estate
0.00% 0.00% 4.52% 64.71%
Energy
0.00% 0.00% 8.33% 64.71%

Stock Geographic Breakdown

Weighting Return Low Return High MIDNX % Rank
Non US
97.24% 0.00% 99.10% 47.06%
US
0.52% 0.00% 4.44% 47.06%

Expenses

MIDNX - Expenses

Operational Fees

MIDNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.94% 3.97% 100.00%
Management Fee 0.66% 0.65% 1.30% 35.29%
12b-1 Fee 0.00% 0.00% 1.00% 20.00%
Administrative Fee N/A 0.08% 0.25% 16.67%

Sales Fees

MIDNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

MIDNX 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.

MIDNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 14.43% 57.00% 47.06%

Distributions

MIDNX - Distributions

Dividend Yield Analysis

MIDNX Category Low Category High MIDNX % Rank
Dividend Yield 0.00% 0.00% 1.94% 58.82%

Dividend Distribution Analysis

MIDNX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

MIDNX Category Low Category High MIDNX % Rank
Net Income Ratio 0.09% -1.47% 0.13% 17.65%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MIDNX - Fund Manager Analysis

Managers

Sharat Shroff


Start Date

Tenure

Tenure Rank

Jun 26, 2006

13.77

13.8%

Sharat Shroff is a Portfolio Manager at Matthews. Prior to joining the firm in 2005 as a Research Analyst, Sharat worked in the San Francisco and Hong Kong offices of Morgan Stanley as an Equity Research Associate. Sharat received a Bachelor of Technology from the Institute of Technology in Varanasi, India and an M.B.A. from the Indian Institute of Management, in Calcutta, India. He is fluent in Hindi and Bengali.

Peeyush Mittal


Start Date

Tenure

Tenure Rank

Apr 30, 2018

1.92

1.9%

Peeyush Mittal is a Portfolio Manager at Matthews and co-manages the firm’s India Strategy. Prior to joining the firm in 2015, he spent over three years at Franklin Templeton Asset Management India, most recently as a Senior Research Analyst. Previously, he was with Deutsche Asset & Wealth Management New York, from 2009 to 2011, researching U.S. and European stocks in the industrials and materials sectors. Peeyush began his career in 2003 with Scot Forge as an Industrial Engineer, and was responsible for implementing Lean Manufacturing systems on the production shop floor. Peeyush earned his M.B.A from The University of Chicago Booth School of Business. He received a Master of Science in Industrial Engineering from The Ohio State University and received a Bachelor of Technology in Metallurgical Engineering from The Indian Institute of Technology Madras. He is fluent in Hindi.

Tenure Analysis

Category Low Category High Category Average Category Mode
1.92 19.18 7.66 9.13