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Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

MATTHEWS PACIFIC TIGER FUND

MIPTX | Fund

$19.72

$1.42 B

2.93%

$0.58

0.99%

Vitals

YTD Return

6.0%

1 yr return

6.5%

3 Yr Avg Return

-8.1%

5 Yr Avg Return

0.7%

Net Assets

$1.42 B

Holdings in Top 10

40.3%

52 WEEK LOW AND HIGH

$19.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.99%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 46.64%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$100,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

MATTHEWS PACIFIC TIGER FUND

MIPTX | Fund

$19.72

$1.42 B

2.93%

$0.58

0.99%

MIPTX - Profile

Distributions

  • YTD Total Return 6.0%
  • 3 Yr Annualized Total Return -8.1%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.30%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    MATTHEWS PACIFIC TIGER FUND
  • Fund Family Name
    Matthews Asia Funds
  • Inception Date
    Oct 29, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Sharat Shroff

Fund Description

Under normal circumstances, the Matthews Pacific Tiger 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 ex Japan, which consists of all countries and markets in Asia excluding Japan, but including all other 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 that has at least 50% of its assets or operations in that country or region; (iii) it is at least 50% secured or backed by assets located in that country or region; (iv) it is a component of or its issuer is included in the MSCI All Country Asia ex Japan Index, the Fund’s primary benchmark index; 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.
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. Matthews expects that the companies in which the Fund invests typically will be of medium or large size, but the Fund may invest in companies of any size. 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 Fund may invest in the Matthews Pacific Tiger Active ETF, a series of the Trust with a substantially similar investment strategy to the Fund, for cash equitization purposes, which allows the Fund to invest in a manner consistent with its investment strategy while managing daily cash flows, including purchases and redemptions by investors.
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MIPTX - Performance

Return Ranking - Trailing

Period MIPTX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -3.3% 24.8% 76.60%
1 Yr 6.5% -0.5% 29.3% 85.11%
3 Yr -8.1%* -13.9% 7.4% 91.11%
5 Yr 0.7%* -3.2% 12.1% 86.36%
10 Yr 3.0%* 0.9% 8.8% 77.42%

* Annualized

Return Ranking - Calendar

Period MIPTX Return Category Return Low Category Return High Rank in Category (%)
2023 -7.7% -7.8% 14.0% 97.78%
2022 -26.7% -40.0% 2.8% 73.33%
2021 -21.2% -44.2% 15.5% 68.18%
2020 21.6% -13.5% 83.8% 68.18%
2019 7.0% -3.3% 44.7% 88.64%

Total Return Ranking - Trailing

Period MIPTX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -3.3% 24.8% 76.60%
1 Yr 6.5% -0.5% 29.3% 85.11%
3 Yr -8.1%* -13.9% 7.4% 91.11%
5 Yr 0.7%* -3.2% 12.1% 86.36%
10 Yr 3.0%* 0.9% 8.8% 77.42%

* Annualized

Total Return Ranking - Calendar

Period MIPTX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.7% -7.8% 20.1% 86.67%
2022 -20.6% -31.3% 5.2% 44.44%
2021 -4.3% -21.3% 22.4% 38.64%
2020 29.0% -9.6% 87.0% 50.00%
2019 10.9% 8.4% 44.8% 93.18%

NAV & Total Return History

MIPTX - Holdings

Concentration Analysis

MIPTX Category Low Category High MIPTX % Rank
Net Assets 1.42 B 1.68 M 4.44 B 19.15%
Number of Holdings 78 28 1572 44.68%
Net Assets in Top 10 425 M 1.87 M 2.13 B 21.28%
Weighting of Top 10 40.33% 19.8% 79.8% 65.96%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 10.16%
  2. Tencent Holdings Ltd 5.51%
  3. Alibaba Group Holding Ltd 5.47%
  4. Ping An Insurance Group Co of China Ltd 3.24%
  5. Meituan 3.14%
  6. PDD Holdings Inc 2.96%
  7. Samsung Electronics Co Ltd 2.62%
  8. SK Hynix Inc 2.48%
  9. Hong Kong Exchanges Clearing Ltd 2.45%
  10. Trip.com Group Ltd 2.29%

Asset Allocation

Weighting Return Low Return High MIPTX % Rank
Stocks 		99.19% 0.00% 100.69% 38.30%
Cash 		0.81% 0.00% 10.80% 55.32%
Preferred Stocks 		0.00% 0.00% 3.08% 48.94%
Other 		0.00% -0.01% 3.93% 48.94%
Convertible Bonds 		0.00% 0.00% 0.49% 36.17%
Bonds 		0.00% 0.00% 93.37% 31.91%

Stock Sector Breakdown

Weighting Return Low Return High MIPTX % Rank
Technology 		26.97% 0.00% 35.18% 38.30%
Consumer Cyclical 		16.51% 2.54% 30.22% 48.94%
Financial Services 		14.13% 7.86% 53.75% 70.21%
Industrials 		10.06% 0.00% 28.54% 25.53%
Communication Services 		8.29% 0.00% 16.87% 44.68%
Consumer Defense 		8.02% 0.00% 15.16% 25.53%
Real Estate 		7.16% 0.00% 16.03% 36.17%
Utilities 		3.56% 0.00% 7.67% 10.64%
Healthcare 		2.80% 0.00% 11.60% 72.34%
Basic Materials 		2.50% 0.00% 24.13% 51.06%
Energy 		0.00% 0.00% 7.66% 65.96%

Stock Geographic Breakdown

Weighting Return Low Return High MIPTX % Rank
Non US 		92.77% 0.00% 99.96% 23.40%
US 		6.42% 0.00% 37.12% 82.98%

MIPTX - Expenses

Operational Fees

MIPTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.99% 0.19% 16.32% 68.09%
Management Fee 0.68% 0.19% 1.50% 29.79%
12b-1 Fee 0.00% 0.00% 1.00% 19.05%
Administrative Fee N/A 0.08% 0.15% 66.67%

Sales Fees

MIPTX 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

MIPTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 31.82%

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.

MIPTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.64% 9.00% 222.00% 30.00%

MIPTX - Distributions

Dividend Yield Analysis

MIPTX Category Low Category High MIPTX % Rank
Dividend Yield 2.93% 0.00% 8.32% 23.40%

Dividend Distribution Analysis

MIPTX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

MIPTX Category Low Category High MIPTX % Rank
Net Income Ratio 0.30% -1.41% 4.89% 51.06%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MIPTX - Fund Manager Analysis

Managers

Sharat Shroff

Start Date

Tenure

Tenure Rank

Jan 01, 2008

14.42

14.4%

Sharat Shroff is a Portfolio Manager at Matthews and manages the firm’s Pacific Tiger Strategy and co-manages the India Strategy. Prior to joining the Matthews 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. Sharat has been a Portfolio Manager of the Matthews Pacific Tiger Fund since 2008 and of the Matthews India Fund since 2006.

In-Bok Song

Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Inbok Song is a Portfolio Manager at Matthews and co-manages the firm’s Pacific Tiger Strategy. Prior to rejoining the Matthews in 2019, Inbok spent three years at Seafarer Capital Partners as a portfolio manager, the firm’s Director of Research and chief data scientist. Previously she was at Thornburg Investment Management as an associate portfolio manager. From 2007 to 2015, she was at Matthews, most recently as a portfolio manager. From 2005 to 2006, Inbok served as an Analyst and Technology Specialist at T. Stone Corp., a private equity firm in Seoul, South Korea. From 2004 to 2005, she was a research engineer for Samsung SDI in Seoul. Inbok received both a B.A. and Masters in Materials Science and Engineering from Seoul National University. She received a Masters in International Management from the University of London, King’s College, and also an M.A. in Management Science and Engineering, with a concentration in finance from Stanford University. Inbok is fluent in Korean. Inbok has been a Portfolio Manager of the Matthews Pacific Tiger Fund since 2019.

Winnie Chwang

Start Date

Tenure

Tenure Rank

Apr 30, 2021

1.08

1.1%

Winnie Chwang is a Portfolio Manager at Matthews Asia and manages the firm's China Small Strategy and co-manages the China and Asia ESG Strategies. She joined the firm in 2004 and has built her investment career at the firm. Winnie earned an MBA 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. Winnie has been a Portfolio Manager of the Matthews China Fund since 2014, of the Matthews Asia ESG Fund since its inception in 2015 and of the Matthews China Small Companies Fund since 2020.

Andrew Mattock

Start Date

Tenure

Tenure Rank

Apr 28, 2022

0.09

0.1%

Andrew Mattock, CFA is a Portfolio Manager at Matthews Asia and manages the firm's China and China Small Companies Strategies. 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 from ACU. He began his career at PricewaterhouseCoopers and qualified as a Chartered Accountant. Andrew has been a Portfolio Manager of the Matthews China Fund since 2015 and of the Matthews China Small Companies Fund since 2020.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 22.43 5.64 1.08

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