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MIPIX Matthews Asia Dividend Instl

  • Fund
  • MIPIX
  • Price as of: Jun 05, 2019
  • $16.19 - $0.03 - 0.19%
  • Category
  • Total Dividend

MIPIX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return 0.1%
  • Net Assets $6.39 B
  • Holdings in Top 10 30.0%

52 WEEK LOW AND HIGH

$16.19
$15.60
$20.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

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

BROKERAGE FEES

  • Turnover 39.75%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

$100,000

Investment Themes

CATEGORY

Total Dividend
  • Fund Type Open End Mutual Fund
  • Investment Style Diversified Pacific/Asia

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.09%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Matthews Asia Dividend 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 Yu Zhang

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 dividend-paying equity securities of companies located in Asia.

MIPIX - Performance

Return Ranking - Trailing

Period MIPIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -5.8% 20.1% 97.19%
1 Yr -19.7% -46.0% 14.1% 91.56%
3 Yr 0.1%* -18.4% 11.4% 66.88%
5 Yr 0.1%* -11.8% 7.3% 36.12%
10 Yr N/A* -5.9% 10.7% N/A

* Annualized


Return Ranking - Calendar

Period MIPIX Return Category Return Low Category Return High Rank in Category (%)
2018 -18.7% -51.6% 0.0% 79.62%
2017 27.1% -14.6% 32.9% 0.96%
2016 1.1% -13.3% 31.0% 85.39%
2015 0.6% -27.5% 3.6% 3.57%
2014 -2.1% -34.1% 14.2% 70.14%

Total Return Ranking - Trailing

Period MIPIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -5.8% 20.1% 97.19%
1 Yr -13.7% -33.4% 15.1% 90.00%
3 Yr 5.0%* -11.5% 12.9% 66.88%
5 Yr 4.1%* -9.2% 21.2% 54.18%
10 Yr N/A* -5.9% 17.8% N/A

* Annualized


Total Return Ranking - Calendar

Period MIPIX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.6% -32.1% 0.3% 66.24%
2017 32.6% -14.6% 37.7% 1.29%
2016 4.4% -12.1% 31.0% 86.04%
2015 3.9% -21.8% 106.5% 3.25%
2014 -0.2% -34.1% 20.9% 79.86%

NAV & Total Return History

MIPIX - Holdings

Concentration Analysis

MIPIX Category Low Category High MIPIX % Rank
Net Assets 6.39 B 4.55 M 42.8 B 15.89%
Number of Holdings 77 8 1932 45.48%
Net Assets in Top 10 1.71 B 1.32 M 14.7 B 14.95%
Weighting of Top 10 29.97% 5.8% 99.7% 37.07%

Top 10 Holdings

  1. Shenzhou International Group Holdings Ltd 4.17%

  2. Minth Group Ltd 3.85%

  3. Hyundai Mobis Co Ltd 3.09%

  4. BGF Retail Co Ltd 3.07%

  5. NTT DOCOMO Inc 3.02%

  6. Seven & i Holdings Co Ltd 2.84%

  7. Kao Corp 2.83%

  8. Hoya Corp 2.50%

  9. Pigeon Corp 2.30%

  10. China Petroleum & Chemical Corp H Shares 2.30%


Asset Allocation

Weighting Return Low Return High MIPIX % Rank
Stocks
100.72% 0.00% 101.34% 3.12%
Preferred Stocks
0.00% 0.00% 13.37% 25.55%
Other
0.00% -0.42% 2.26% 21.50%
Convertible Bonds
0.00% 0.00% 13.05% 23.36%
Bonds
0.00% 0.00% 99.69% 22.74%
Cash
-0.72% -18.07% 25.16% 95.64%

Stock Sector Breakdown

Weighting Return Low Return High MIPIX % Rank
Consumer Cyclical
25.64% 0.00% 34.22% 1.56%
Consumer Defense
20.15% 0.00% 27.68% 8.44%
Technology
12.95% 0.00% 29.93% 43.13%
Industrials
10.08% 0.00% 28.19% 51.25%
Communication Services
8.57% 0.00% 20.26% 11.25%
Financial Services
7.91% 0.00% 29.45% 86.25%
Utilities
6.52% 0.00% 40.81% 27.50%
Basic Materials
3.40% 0.00% 17.96% 37.19%
Energy
2.49% 0.00% 19.74% 92.19%
Real Estate
1.67% 0.00% 16.79% 52.81%
Healthcare
1.34% 0.00% 23.25% 96.56%

Stock Geographic Breakdown

Weighting Return Low Return High MIPIX % Rank
Non US
99.11% 0.00% 101.08% 4.05%
US
1.61% 0.00% 100.44% 95.02%

MIPIX - Expenses

Operational Fees

MIPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.08% 5.53% 74.69%
Management Fee 0.66% 0.07% 1.25% 45.17%
12b-1 Fee 0.00% 0.00% 1.00% 2.28%
Administrative Fee 0.14% 0.01% 0.40% 68.97%

Sales Fees

MIPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MIPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 3.77%

Turnover 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.

MIPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.75% 1.63% 307.00% 53.89%

MIPIX - Distributions

Dividend Yield Analysis

MIPIX Category Low Category High MIPIX % Rank
Dividend Yield 0.02% 0.00% 0.31% 29.60%

Dividend Distribution Analysis

MIPIX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

MIPIX Category Low Category High MIPIX % Rank
Net Income Ratio 2.09% -0.63% 5.00% 35.00%

Capital Gain Distribution Analysis

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

MIPIX - Managers

Yu Zhang

Manager

Start Date

Tenure

Tenure Rank

Mar 22, 2011

8.2

8.2%

Yu Zhang is a Portfolio Manager at Matthews. Prior to joining the firm in 2007 as a Research Associate, Yu was an Analyst researching Japanese companies at Aperta Asset Management from 2005 to 2007. Before receiving a graduate degree in the U.S., he was an Associate in the Ningo, China office of Mitsui & Co., a Japanese general trading firm. Yu received a B.A. in English Language from the Beijing Foreign Studies University, an M.B.A. from Suffolk University and an M.S. in Finance from Boston College. He is fluent in Mandarin.


Robert J. Horrocks

Manager

Start Date

Tenure

Tenure Rank

Jul 19, 2013

5.87

5.9%

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.


Vivek Tanneeru

Manager

Start Date

Tenure

Tenure Rank

Apr 30, 2014

5.09

5.1%

Vivek Tanneeru is a Portfolio Manager at Matthews. Prior to joining the firm in 2011, Vivek was an Investment Manager on the Global Emerging Markets team of Pictet Asset Management in London. While at Pictet he also worked on the firm’s Global Equities team, managing Japan and Asia ex-Japan markets. Before earning his M.B.A. from the London Business School in 2006, Vivek was a Business Systems Officer at The World Bank and served as a Consultant at Arthur Andersen Business Consulting and Citicorp Infotech Industries. Vivek received his Master’s in Finance from the Birla Institute on Technology & Science in India. He is fluent in Hindi and Telugu.


Sherwood Zhang

Manager

Start Date

Tenure

Tenure Rank

Apr 30, 2018

1.08

1.1%

Sherwood Zhang is a Portfolio Manager at Matthews. Prior to joining the firm in 2011, Sherwood was an analyst at Passport Capital from 2007 to 2010, where he focused on such industries as property and basic materials in China as well as consumer-related sectors. Before earning his M.B.A. in 2007, Sherwood served as a Senior Treasury Officer for Hang Seng Bank in Shanghai and Hong Kong, and worked as a Foreign Exchange Trader at Shanghai Pudong Development Bank in Shanghai. He received his M.B.A. from the University of Maryland and his Bachelor of Economics in Finance from Shanghai University. Sherwood is fluent in Mandarin and speaks conversational Cantonese.


Tenure Analysis

Category Low

0.0

Category High

25.85

Category Average

6.26

Category Mode

0.0