MITEX: Matthews Asia Innovators Institutional

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MITEX Matthews Asia Innovators Institutional


Profile

MITEX - Profile

Vitals

  • YTD Return 6.3%
  • 3 Yr Annualized Return 11.0%
  • 5 Yr Annualized Return 2.5%
  • Net Assets $327 M
  • Holdings in Top 10 45.7%

52 WEEK LOW AND HIGH

$15.56
$12.22
$15.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.02%

SALES FEES

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

BROKERAGE FEES

  • Turnover 85.73%

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 Pacific/Asia ex-Japan Stk

Distributions

  • YTD Total Return 6.3%
  • 3 Yr Annualized Total Return 14.9%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.07%
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
    Apr 30, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Oh

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 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.


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Categories

Fund Company Quick Screens

MITEX - Fund Company Quick Screens


Performance

MITEX - Performance

Return Ranking - Trailing

Period MITEX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -3.8% 6.3% 1.05%
1 Yr 22.2% -11.9% 30.8% 6.32%
3 Yr 11.0%* -10.2% 26.1% 16.05%
5 Yr 2.5%* -6.5% 8.1% 40.54%
10 Yr N/A* -5.9% 7.1% 4.08%

* Annualized

Return Ranking - Calendar

Period MITEX Return Category Return Low Category Return High Rank in Category (%)
2019 29.3% -4.4% 44.7% 10.64%
2018 -20.6% -47.1% -11.8% 47.67%
2017 40.6% -0.9% 104.2% 37.04%
2016 -17.8% -18.0% 17.1% 98.77%
2015 -9.3% -31.2% 8.8% 43.24%

Total Return Ranking - Trailing

Period MITEX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -3.8% 6.3% 1.05%
1 Yr 22.2% -11.9% 30.8% 6.32%
3 Yr 14.9%* -6.2% 26.9% 6.17%
5 Yr 7.6%* -6.5% 8.8% 4.05%
10 Yr N/A* -5.9% 9.9% 4.08%

* Annualized

Total Return Ranking - Calendar

Period MITEX Return Category Return Low Category Return High Rank in Category (%)
2019 29.3% -4.4% 44.7% 10.64%
2018 -18.4% -47.1% -9.5% 51.16%
2017 51.5% 16.8% 104.2% 8.64%
2016 -17.8% -18.0% 19.6% 98.77%
2015 4.6% -31.0% 15.3% 9.46%

NAV & Total Return History


Holdings

MITEX - Holdings

Concentration Analysis

MITEX Category Low Category High MITEX % Rank
Net Assets 327 M 5.51 M 8.09 B 33.68%
Number of Holdings 41 2 208 81.05%
Net Assets in Top 10 122 M 2.67 M 2.92 B 30.53%
Weighting of Top 10 45.71% 21.2% 99.5% 33.68%

Top 10 Holdings

  1. Alibaba Group Holding Ltd ADR 7.79%
  2. Tencent Holdings Ltd 5.70%
  3. HDFC Bank Ltd 5.65%
  4. Ping An Insurance (Group) Co. of China Ltd Class H 4.70%
  5. Jiangsu Hengrui Medicine Co Ltd 4.21%
  6. AIA Group Ltd 4.09%
  7. Jiangsu Yanghe Brewery JSC Ltd 3.52%
  8. WuXi Biologics (Cayman) Inc Registered Shs Unitary 144A/Reg S 3.48%
  9. TAL Education Group ADR 3.33%
  10. China Resources Land Ltd 3.24%

Asset Allocation

Weighting Return Low Return High MITEX % Rank
Stocks
94.83% 84.76% 100.63% 72.63%
Cash
5.17% -0.62% 14.89% 24.21%
Preferred Stocks
0.00% 0.00% 2.15% 30.53%
Other
0.00% 0.00% 3.48% 35.79%
Convertible Bonds
0.00% 0.00% 11.31% 29.47%
Bonds
0.00% 0.00% 4.46% 27.37%

Stock Sector Breakdown

Weighting Return Low Return High MITEX % Rank
Technology
28.57% 0.96% 35.05% 5.26%
Financial Services
24.43% 4.36% 37.76% 29.47%
Consumer Cyclical
18.88% 6.76% 35.59% 37.89%
Consumer Defense
12.45% 3.55% 30.32% 26.32%
Healthcare
12.26% 0.00% 29.25% 9.47%
Real Estate
3.42% 0.00% 17.65% 57.89%
Utilities
0.00% 0.00% 7.16% 67.37%
Industrials
0.00% 0.00% 16.52% 90.53%
Energy
0.00% 0.00% 11.30% 66.32%
Communication Services
0.00% 0.00% 33.63% 92.63%
Basic Materials
0.00% 0.00% 8.55% 83.16%

Stock Geographic Breakdown

Weighting Return Low Return High MITEX % Rank
Non US
91.35% 81.62% 100.00% 78.95%
US
3.48% 0.00% 8.71% 16.84%

Expenses

MITEX - Expenses

Operational Fees

MITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.02% 0.30% 13.31% 90.43%
Management Fee 0.66% 0.60% 1.10% 7.37%
12b-1 Fee 0.00% 0.00% 1.00% 8.62%
Administrative Fee N/A 0.01% 0.25% 56.86%

Sales Fees

MITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

MITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 13.64%

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.

MITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 85.73% 1.00% 360.00% 81.05%

Distributions

MITEX - Distributions

Dividend Yield Analysis

MITEX Category Low Category High MITEX % Rank
Dividend Yield 0.00% 0.00% 8.18% 33.68%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MITEX Category Low Category High MITEX % Rank
Net Income Ratio 0.07% -1.69% 2.82% 73.68%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MITEX - Fund Manager Analysis

Managers

Michael Oh


Start Date

Tenure

Tenure Rank

Jan 04, 2006

14.08

14.1%

Michael J. Oh is a Portfolio Manager at Matthews. Michael joined the firm in 2000 as a Research Analyst and has built his investment career at the firm. 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 since 2007.

Tiffany Hsiao


Start Date

Tenure

Tenure Rank

Apr 30, 2018

1.76

1.8%

Tiffany Hsiao is a Portfolio Manager at Matthews. Prior to joining the firm in 2014, she was a Vice President and Research Analyst at Goldman Sachs Investment Partners in Hong Kong and Tokyo from 2007 to 2013. She was responsible for researching Asia Pacific investments, with an emphasis on equities in China. Previously, she spent six years at Franklin Templeton Investments, where she managed the firm’s global communications fund. Tiffany earned her Master of Science and Information Technology from Carnegie Mellon University and received a B.A. in Economics from the University of California, Berkeley. She is fluent in Mandarin and Taiwanese, and conversational in Cantonese.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 20.1 5.14 10.21