MPACX: Matthews Asia Growth Investor

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MPACX Matthews Asia Growth Investor


Profile

MPACX - Profile

Vitals

  • YTD Return 14.5%
  • 3 Yr Annualized Return 6.0%
  • 5 Yr Annualized Return 11.2%
  • Net Assets $1.45 B
  • Holdings in Top 10 34.3%

52 WEEK LOW AND HIGH

$32.17
$21.13
$33.18

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

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

BROKERAGE FEES

  • Turnover 38.05%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $500

Fund Classification


Distributions

  • YTD Total Return 14.5%
  • 3 Yr Annualized Total Return 9.2%
  • 5 Yr Annualized Total Return 13.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.14%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Matthews Asia Growth Fund
  • Fund Family Name
    Matthews Asia Funds
  • Inception Date
    Oct 31, 2003
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Taizo Ishida

Fund Description

Under normal circumstances, 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. It may also invest in convertible securities, of any duration or quality, including those that are unrated, or would be below investment grade if rated, of Asian companies. Asia consists of all countries and markets in Asia, and includes developed, emerging, and frontier countries and markets in the Asian region.


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Categories

Performance

MPACX - Performance

Return Ranking - Trailing

Period MPACX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.5% -42.4% 39.2% 1.97%
1 Yr 23.1% -47.6% 49.9% 1.37%
3 Yr 6.0%* -37.6% 17.4% 2.49%
5 Yr 11.2%* -18.9% 16.6% 1.10%
10 Yr 6.7%* -9.5% 13.2% 11.61%

* Annualized

Return Ranking - Calendar

Period MPACX Return Category Return Low Category Return High Rank in Category (%)
2019 24.9% -46.3% 66.4% 7.86%
2018 -17.5% -64.5% 1.8% 69.47%
2017 29.5% -38.9% 80.9% 2.00%
2016 -0.2% -26.1% 36.8% 89.96%
2015 0.0% -42.3% 13.2% 4.48%

Total Return Ranking - Trailing

Period MPACX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.5% -42.4% 39.2% 1.97%
1 Yr 23.1% -47.6% 49.9% 1.37%
3 Yr 9.2%* -37.0% 20.0% 3.01%
5 Yr 13.4%* -17.0% 17.3% 1.30%
10 Yr 8.4%* -5.8% 15.4% 15.47%

* Annualized

Total Return Ranking - Calendar

Period MPACX Return Category Return Low Category Return High Rank in Category (%)
2019 24.9% -46.3% 66.4% 7.86%
2018 -16.2% -64.5% 4.0% 79.84%
2017 39.4% -9.3% 80.9% 1.04%
2016 0.9% -23.9% 39.4% 94.48%
2015 0.0% -34.5% 13.2% 16.35%

NAV & Total Return History


Holdings

MPACX - Holdings

Concentration Analysis

MPACX Category Low Category High MPACX % Rank
Net Assets 1.45 B 12 K 55 B 22.19%
Number of Holdings 71 2 8660 14.77%
Net Assets in Top 10 451 M 77.7 K 33 B 35.39%
Weighting of Top 10 34.31% 10.7% 109.6% 84.42%

Top 10 Holdings

  1. WuXi Biologics (Cayman) Inc Registered Shs Unitary 144A/Reg S 5.15%
  2. Bilibili Inc ADR 5.05%
  3. Innovent Biologics Inc 3.95%
  4. Bank Rakyat Indonesia (Persero) Tbk Class B 3.34%
  5. BeiGene Ltd ADR 3.23%
  6. HDFC Bank Ltd 3.03%
  7. Sony Corp 2.90%
  8. Terumo Corp 2.67%
  9. Nintendo Co Ltd 2.55%
  10. Keyence Corp 2.44%

Asset Allocation

Weighting Return Low Return High MPACX % Rank
Stocks
95.34% 62.95% 259.02% 23.77%
Cash
4.66% -93.75% 187.11% 30.84%
Preferred Stocks
0.00% 0.00% 13.36% 91.03%
Other
0.00% -2.38% 75.09% 90.40%
Convertible Bonds
0.00% 0.00% 6.64% 93.71%
Bonds
0.00% -235.37% 28.44% 94.23%

Stock Sector Breakdown

Weighting Return Low Return High MPACX % Rank
Healthcare
50.63% 0.00% 53.30% 0.19%
Consumer Cyclical
11.31% 0.00% 32.90% 45.64%
Technology
10.82% 0.00% 51.17% 88.03%
Communication Services
10.19% 0.00% 37.99% 16.58%
Financial Services
8.06% 0.00% 47.35% 86.78%
Industrials
4.98% 0.00% 47.47% 96.76%
Energy
2.11% 0.00% 85.32% 86.85%
Consumer Defense
1.90% 0.00% 30.49% 91.77%
Utilities
0.00% 0.00% 80.71% 98.75%
Real Estate
0.00% 0.00% 43.77% 99.06%
Basic Materials
0.00% 0.00% 34.56% 98.38%

Stock Geographic Breakdown

Weighting Return Low Return High MPACX % Rank
Non US
88.61% 5.26% 193.33% 2.87%
US
6.73% -0.92% 78.23% 97.45%

Expenses

MPACX - Expenses

Operational Fees

MPACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.01% 45.88% 39.52%
Management Fee 0.66% 0.00% 1.60% 74.65%
12b-1 Fee 0.00% 0.00% 1.00% 12.49%
Administrative Fee N/A 0.01% 0.70% 73.23%

Sales Fees

MPACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MPACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.20% 2.00% 71.15%

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.

MPACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.05% 0.00% 614.00% 64.46%

Distributions

MPACX - Distributions

Dividend Yield Analysis

MPACX Category Low Category High MPACX % Rank
Dividend Yield 0.00% 0.00% 11.17% 80.11%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MPACX Category Low Category High MPACX % Rank
Net Income Ratio -0.14% -7.55% 13.14% 94.77%

Capital Gain Distribution Analysis

MPACX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History

View More +

Fund Manager Analysis

MPACX - Fund Manager Analysis

Managers

Taizo Ishida


Start Date

Tenure

Tenure Rank

Jan 01, 2007

13.67

13.7%

Taizo Ishida is a Portfolio Manager at Matthews. He manages the firm’s Asia Growth, Emerging Asia, and Japan Strategies. Prior to joining Matthews in 2006, Taizo spent six years on the global and international teams at Wellington Management Company as a Vice President and Portfolio Manager. From 1997 to 2000, he was a Senior Securities Analyst and a member of the international investment team at USAA Investment Management Company. From 1990 to 1997, he was a Principal and Senior Research Analyst at Sanford Bernstein & Co.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 38.02 5.22 0.67