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MITEX Matthews Asia Innovators Institutional

  • Fund
  • MITEX
  • Price as of: Jun 05, 2019
  • $12.38 - $0.13 - 1.04%
  • Category
  • Technology Equities

MITEX - Profile

Vitals

  • YTD Return 9.4%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return -1.1%
  • Net Assets $300 M
  • Holdings in Top 10 40.8%

52 WEEK LOW AND HIGH

$12.38
$10.86
$15.67

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 2.00%

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

$100,000

Investment Themes

CATEGORY

Technology Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Pacific/Asia ex-Japan Stk

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 4.1%
  • 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 J. 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.

MITEX - Performance

Return Ranking - Trailing

Period MITEX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -2.6% 37.8% 98.46%
1 Yr -20.8% -30.9% 15.3% 96.15%
3 Yr 1.6%* -5.7% 26.0% 94.44%
5 Yr -1.1%* -4.6% 18.9% 94.40%
10 Yr N/A* 1.3% 19.3% N/A

* Annualized


Return Ranking - Calendar

Period MITEX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.6% -31.2% 4.3% 80.00%
2017 40.6% -15.6% 55.5% 1.54%
2016 -17.8% -18.0% 32.1% 99.21%
2015 -9.3% -17.6% 11.6% 88.89%
2014 8.2% -63.5% 36.9% 41.60%

Total Return Ranking - Trailing

Period MITEX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -2.6% 37.8% 98.46%
1 Yr -18.6% -30.6% 15.3% 95.38%
3 Yr 5.2%* 0.9% 30.4% 96.03%
5 Yr 4.1%* -4.6% 30.9% 90.40%
10 Yr N/A* 1.3% 26.3% N/A

* Annualized


Total Return Ranking - Calendar

Period MITEX Return Category Return Low Category Return High Rank in Category (%)
2018 -18.4% -31.0% 5.1% 78.46%
2017 51.5% 1.8% 55.5% 1.54%
2016 -17.8% -18.0% 32.8% 99.21%
2015 4.6% -13.9% 83.1% 49.21%
2014 9.5% -63.5% 38.5% 63.20%

NAV & Total Return History

MITEX - Holdings

Concentration Analysis

MITEX Category Low Category High MITEX % Rank
Net Assets 300 M 4.49 M 23.5 B 66.15%
Number of Holdings 49 31 320 75.38%
Net Assets in Top 10 99.7 M 865 K 12.6 B 70.77%
Weighting of Top 10 40.84% 18.2% 73.1% 70.00%

Top 10 Holdings

  1. Tencent Holdings Ltd 6.95%

  2. Alibaba Group Holding Ltd ADR 6.00%

  3. HDFC Bank Ltd 5.73%

  4. Ping An Insurance (Group) Co. of China Ltd H 4.23%

  5. AIA Group Ltd 3.18%

  6. China International Travel Service Corp Ltd Class A 3.02%

  7. Jiangsu Yanghe Brewery Joint-Stock Co Ltd 2.99%

  8. Jiangsu Hengrui Medicine Co Ltd 2.94%

  9. Inner Mongolia Yili Industrial Group Co Ltd 2.91%

  10. Orion Corp (Spin Co) 2.90%


Asset Allocation

Weighting Return Low Return High MITEX % Rank
Stocks
98.41% 78.21% 99.81% 44.62%
Cash
1.60% 0.00% 21.79% 59.23%
Preferred Stocks
0.00% 0.00% 0.96% 30.00%
Other
0.00% -2.40% 6.18% 31.54%
Convertible Bonds
0.00% 0.00% 0.00% 21.54%
Bonds
0.00% 0.00% 0.94% 22.31%

Stock Sector Breakdown

Weighting Return Low Return High MITEX % Rank
Technology
28.52% 5.76% 99.57% 98.46%
Financial Services
27.88% 0.00% 38.86% 1.54%
Consumer Cyclical
19.58% 0.00% 27.29% 5.38%
Healthcare
9.71% 0.00% 35.13% 15.38%
Consumer Defense
8.37% 0.00% 8.37% 0.77%
Industrials
1.36% 0.00% 24.13% 63.08%
Utilities
0.00% 0.00% 0.88% 27.69%
Real Estate
0.00% 0.00% 3.90% 42.31%
Energy
0.00% 0.00% 0.90% 26.15%
Communication Services
0.00% 0.00% 90.02% 60.00%
Basic Materials
0.00% 0.00% 0.95% 30.00%

Stock Geographic Breakdown

Weighting Return Low Return High MITEX % Rank
Non US
96.38% 0.00% 96.38% 0.77%
US
2.03% 2.03% 98.68% 99.23%

MITEX - Expenses

Operational Fees

MITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.02% 0.10% 3.70% 70.00%
Management Fee 0.66% 0.09% 1.50% 28.46%
12b-1 Fee 0.00% 0.00% 1.00% 3.45%
Administrative Fee 0.14% 0.00% 0.50% 54.22%

Sales Fees

MITEX 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% 4.00% N/A

Trading Fees

MITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.75% 2.00% 15.15%

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.

MITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 85.73% 1.00% 643.00% 73.85%

MITEX - Distributions

Dividend Yield Analysis

MITEX Category Low Category High MITEX % Rank
Dividend Yield 0.01% 0.00% 0.01% 4.62%

Dividend Distribution Analysis

MITEX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

MITEX Category Low Category High MITEX % Rank
Net Income Ratio 0.07% -2.16% 2.30% 15.38%

Capital Gain Distribution Analysis

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

MITEX - Managers

Michael J. Oh

Manager

Start Date

Tenure

Tenure Rank

Jan 04, 2006

13.49

13.5%

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

Manager

Start Date

Tenure

Tenure Rank

Apr 30, 2018

1.17

1.2%

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.


Sunil Asnani

Manager

Start Date

Tenure

Tenure Rank

Apr 30, 2018

1.17

1.2%

Sunil Asnani is a Portfolio Manager at Matthews. Prior to joining the firm in 2008 as a Research Analyst, he was a Senior Associate in the Corporate Finance and Strategy practice for McKinsey & Company in New York. In 2006, Sunil earned his M.B.A from The Wharton School of the University of Pennsylvania. From 1999 to 2004, he served in various capacities, including as Superintendent of Police, for the Indian Police Service in Trivandrum, India. Sunil received a Bachelor of Technology degree from the Indian Institute of Technology in Delhi, India. He is fluent in Sindhi, Hindi and Malayalam.


Tenure Analysis

Category Low

N/A

Category High

N/A

Category Average

N/A

Category Mode

N/A