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Trending ETFs

Name

As of 12/23/2024

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

$23.48

$690 M

3.24%

$0.76

1.34%

Vitals

YTD Return

-4.4%

1 yr return

-2.4%

3 Yr Avg Return

-1.1%

5 Yr Avg Return

10.0%

Net Assets

$690 M

Holdings in Top 10

34.3%

52 WEEK LOW AND HIGH

$23.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.34%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 50.82%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/23/2024

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

$23.48

$690 M

3.24%

$0.76

1.34%

MSMLX - Profile

Distributions

  • YTD Total Return -4.4%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return 10.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.55%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    MATTHEWS EMERGING MARKETS SMALL COMPANIES FUND
  • Fund Family Name
    Matthews Asia Funds
  • Inception Date
    Sep 15, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Vivek Tanneeru

Fund Description

Under normal circumstances, the Matthews Emerging Markets Small Companies 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 Small Companies (defined below) located in emerging market countries. Emerging market countries generally include every country in the world except the United States, Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Singapore and most of the countries in Western Europe. 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. The list of emerging market countries and frontier market countries may change from time to time. The Fund may also invest in Small Companies located in developed countries; however, the Fund may not invest in any company located in a developed country if, at the time of purchase, more than 20% of the Fund’s assets are invested in developed market companies. The Fund has concentrated its investments (meaning more than 25% of its assets) from time to time in a single country, including China.
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 emerging market (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 Emerging Markets Small Cap Index; or (v) it is denominated in the currency of an emerging market 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 that are treated as emerging market
investments, including American, European and Global Depositary Receipts.
The Fund seeks to invest in smaller 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 generally determines whether a company should be considered to be a small company based on its market capitalization (the number of the company’s shares outstanding times the market price per share for such securities). Under normal circumstances, the Fund invests at least 80% of its net assets in any company that has a market capitalization no higher than the greater of $5 billion or the market capitalization of the largest company included in the MSCI Emerging Markets Small Cap Index (each, a “Small Company” and together, “Small Companies”). The largest company in the MSCI Emerging Markets Small Cap Index, had a market capitalization of $9.8 billion on December 31, 2023. Companies in which the Fund invests typically operate in growth industries and possess the potential to expand their scope of business over time. A company may grow to a market capitalization that is higher than the greater of $5 billion or the market capitalization of the largest company included in the Fund’s primary benchmark after the Fund has purchased its securities; nevertheless, the existing holdings of securities of such a company will continue to be considered a Small Company. If additional purchases of a security are made, all holdings (including prior purchases) of that security will be re‑classified with respect to its market capitalization at the time of the last purchase. 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.
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MSMLX - Performance

Return Ranking - Trailing

Period MSMLX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.4% -4.2% 23.8% 100.00%
1 Yr -2.4% -2.1% 27.1% 100.00%
3 Yr -1.1%* -8.9% 7.0% 31.11%
5 Yr 10.0%* -4.3% 11.6% 4.55%
10 Yr 6.1%* 0.8% 8.7% 35.48%

* Annualized

Return Ranking - Calendar

Period MSMLX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -7.8% 14.0% 17.78%
2022 -22.9% -40.0% 2.8% 60.00%
2021 15.4% -44.2% 15.5% 4.55%
2020 43.3% -13.5% 83.8% 29.55%
2019 16.8% -3.3% 44.7% 59.09%

Total Return Ranking - Trailing

Period MSMLX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.4% -4.2% 23.8% 100.00%
1 Yr -2.4% -2.1% 27.1% 100.00%
3 Yr -1.1%* -8.9% 7.0% 31.11%
5 Yr 10.0%* -4.3% 11.6% 4.55%
10 Yr 6.1%* 0.8% 8.7% 35.48%

* Annualized

Total Return Ranking - Calendar

Period MSMLX Return Category Return Low Category Return High Rank in Category (%)
2023 19.9% -7.8% 20.1% 4.44%
2022 -16.8% -31.3% 5.2% 28.89%
2021 15.4% -21.3% 22.4% 4.55%
2020 43.7% -9.6% 87.0% 31.82%
2019 17.4% 8.4% 44.8% 81.82%

NAV & Total Return History


MSMLX - Holdings

Concentration Analysis

MSMLX Category Low Category High MSMLX % Rank
Net Assets 690 M 1.68 M 4.78 B 25.53%
Number of Holdings 79 28 1566 40.43%
Net Assets in Top 10 252 M 1.87 M 2.13 B 25.53%
Weighting of Top 10 34.33% 19.8% 79.8% 80.85%

Top 10 Holdings

  1. Shriram Finance Ltd 5.73%
  2. Bandhan Bank Ltd 5.60%
  3. Full Truck Alliance Co Ltd 3.88%
  4. Legend Biotech Corp 3.58%
  5. Hugel Inc 3.32%
  6. Grupo SBF SA 2.81%
  7. Phoenix Mills Ltd/The 2.66%
  8. Flat Glass Group Co Ltd 2.31%
  9. Inox Wind Ltd 2.26%
  10. Silergy Corp 2.17%

Asset Allocation

Weighting Return Low Return High MSMLX % Rank
Stocks
100.98% 0.00% 101.44% 14.89%
Preferred Stocks
1.25% 0.00% 3.18% 31.91%
Other
0.00% -0.01% 3.93% 55.32%
Convertible Bonds
0.00% 0.00% 0.49% 40.43%
Cash
0.00% 0.00% 10.80% 85.11%
Bonds
0.00% 0.00% 93.37% 36.17%

Stock Sector Breakdown

Weighting Return Low Return High MSMLX % Rank
Industrials
28.54% 0.00% 28.54% 4.26%
Financial Services
21.16% 7.86% 53.75% 48.94%
Technology
19.13% 0.00% 35.18% 76.60%
Consumer Cyclical
10.57% 2.54% 30.22% 72.34%
Real Estate
9.16% 0.00% 16.03% 21.28%
Healthcare
7.14% 0.00% 11.60% 44.68%
Consumer Defense
2.64% 0.00% 15.16% 74.47%
Basic Materials
1.66% 0.00% 24.13% 55.32%
Utilities
0.00% 0.00% 7.67% 68.09%
Energy
0.00% 0.00% 7.66% 70.21%
Communication Services
0.00% 0.00% 16.87% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High MSMLX % Rank
Non US
91.90% 0.00% 99.96% 29.79%
US
9.08% 0.00% 40.34% 63.83%

MSMLX - Expenses

Operational Fees

MSMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.34% 0.19% 15.04% 29.79%
Management Fee 0.85% 0.19% 1.50% 76.60%
12b-1 Fee 0.00% 0.00% 1.00% 23.81%
Administrative Fee N/A 0.08% 0.15% 62.75%

Sales Fees

MSMLX 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

MSMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 14.29%

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.

MSMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.82% 9.00% 222.00% 45.00%

MSMLX - Distributions

Dividend Yield Analysis

MSMLX Category Low Category High MSMLX % Rank
Dividend Yield 3.24% 0.00% 8.32% 4.26%

Dividend Distribution Analysis

MSMLX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually SemiAnnual Annual

Net Income Ratio Analysis

MSMLX Category Low Category High MSMLX % Rank
Net Income Ratio -0.55% -1.41% 4.89% 82.98%

Capital Gain Distribution Analysis

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

Distributions History

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MSMLX - Fund Manager Analysis

Managers

Vivek Tanneeru


Start Date

Tenure

Tenure Rank

Aug 31, 2020

1.75

1.8%

Vivek Tanneeru is a Portfolio Manager at Matthews Asia and manages the firm's Asia ESG and Asia Small Companies Strategies. Prior to joining Matthews Asia 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 MBA 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. He interned at Generation Investment Management while studying for his MBA Vivek received his Master's in Finance from the Birla Institute of Technology & Science in India. He is fluent in Hindi and Telugu. Vivek has been a Portfolio Manager of the Matthews Asia ESG Fund since its inception in 2015 and of the Asia Small Companies Fund since 2020.

Jeremy Sutch


Start Date

Tenure

Tenure Rank

Apr 30, 2021

1.08

1.1%

Jeremy Sutch, CFA, who has been a Senior Research Analyst at Matthews since 2015 and has supported the firm’s India and Pacific Tiger strategies and now is a Co-Manager of the Matthews Emerging Markets Small Companies Fund.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 22.43 5.64 3.0