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MATTHEWS ASIAN GROWTH AND INCOME FUND

mutual fund
MACSX
Payout Change
Pending
Price as of:
$13.41 +0.02 +0.15%
primary theme
N/A
share class
MACSX (Mutual Fund)

MATTHEWS ASIAN GROWTH AND INCOME FUND

Payout Change
Pending
Price as of:
$13.41 +0.02 +0.15%
primary theme
N/A
share class
MACSX (Mutual Fund)

MATTHEWS ASIAN GROWTH AND INCOME FUND

Payout Change
Pending
Price as of:
$13.41 +0.02 +0.15%
primary theme
N/A
share class

Name

As of 11/29/2024

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

$13.41

$296 M

5.19%

$0.70

1.15%

Vitals

YTD Return

9.6%

1 yr return

13.5%

3 Yr Avg Return

-2.5%

5 Yr Avg Return

2.2%

Net Assets

$296 M

Holdings in Top 10

42.1%

52 WEEK LOW AND HIGH

$13.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/29/2024

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

$13.41

$296 M

5.19%

$0.70

1.15%

MACSX - Profile

Distributions

  • YTD Total Return 9.6%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 5.2%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    MATTHEWS ASIAN GROWTH AND INCOME FUND
  • Fund Family Name
    Matthews Asia Funds
  • Inception Date
    Sep 12, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal circumstances, the Matthews Asian Growth and Income Fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in dividend-paying common stock, preferred stock and other equity securities, and convertible securities as well as fixed-income securities, of any duration or quality, including high yield securities (also known as “junk bonds”), of companies located in Asia, which consists of all countries and markets in Asia, including 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 attempts to offer investors a relatively stable means of participating in a portion of the Asian region’s growth prospects, while providing some downside protection, in comparison to a portfolio that invests purely in common stocks. The strategy of owning convertible bonds and dividend-paying equities is designed to help the Fund to meet its investment objective while helping to reduce the volatility of its portfolio. 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.
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MACSX - Performance

Return Ranking - Trailing

Period MACSX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.6% N/A N/A N/A
1 Yr 13.5% N/A N/A N/A
3 Yr -2.5%* N/A N/A N/A
5 Yr 2.2%* N/A N/A N/A
10 Yr 2.6%* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period MACSX Return Category Return Low Category Return High Rank in Category (%)
2023 0.6% N/A N/A N/A
2022 -22.2% N/A N/A N/A
2021 -11.0% N/A N/A N/A
2020 14.7% N/A N/A N/A
2019 13.0% N/A N/A N/A

Total Return Ranking - Trailing

Period MACSX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.6% N/A N/A N/A
1 Yr 13.5% N/A N/A N/A
3 Yr -2.5%* N/A N/A N/A
5 Yr 2.2%* N/A N/A N/A
10 Yr 2.6%* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period MACSX Return Category Return Low Category Return High Rank in Category (%)
2023 3.3% N/A N/A N/A
2022 -18.4% N/A N/A N/A
2021 0.0% N/A N/A N/A
2020 15.9% N/A N/A N/A
2019 17.3% N/A N/A N/A

NAV & Total Return History


MACSX - Holdings

Concentration Analysis

MACSX Category Low Category High MACSX % Rank
Net Assets 296 M N/A N/A N/A
Number of Holdings 45 N/A N/A N/A
Net Assets in Top 10 125 M N/A N/A N/A
Weighting of Top 10 42.05% N/A N/A N/A

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 10.70%
  2. Tencent Holdings Ltd 6.30%
  3. AIA Group Ltd 5.23%
  4. HDFC Bank Ltd 4.86%
  5. Tata Consultancy Services Ltd 2.86%
  6. Samsung Electronics Co Ltd 2.81%
  7. JD.com Inc 2.47%
  8. HKT Trust HKT Ltd 2.36%
  9. Macquarie Korea Infrastructure Fund 2.27%
  10. Inner Mongolia Yili Industrial Group Co Ltd 2.21%

Asset Allocation

Weighting Return Low Return High MACSX % Rank
Stocks
91.07% N/A N/A N/A
Bonds
7.75% N/A N/A N/A
Cash
1.18% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High MACSX % Rank
Utilities
0.00% N/A N/A N/A
Technology
0.00% N/A N/A N/A
Real Estate
0.00% N/A N/A N/A
Industrials
0.00% N/A N/A N/A
Healthcare
0.00% N/A N/A N/A
Financial Services
0.00% N/A N/A N/A
Energy
0.00% N/A N/A N/A
Communication Services
0.00% N/A N/A N/A
Consumer Defense
0.00% N/A N/A N/A
Consumer Cyclical
0.00% N/A N/A N/A
Basic Materials
0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High MACSX % Rank
Non US
84.99% N/A N/A N/A
US
6.08% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High MACSX % Rank
Derivative
0.00% N/A N/A N/A
Cash & Equivalents
0.00% N/A N/A N/A
Securitized
0.00% N/A N/A N/A
Corporate
0.00% N/A N/A N/A
Municipal
0.00% N/A N/A N/A
Government
0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High MACSX % Rank
US
5.71% N/A N/A N/A
Non US
2.04% N/A N/A N/A

MACSX - Expenses

Operational Fees

MACSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.15% N/A N/A N/A
Management Fee 0.68% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

MACSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

MACSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

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.

MACSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

MACSX - Distributions

Dividend Yield Analysis

MACSX Category Low Category High MACSX % Rank
Dividend Yield 5.19% N/A N/A N/A

Dividend Distribution Analysis

MACSX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual

Net Income Ratio Analysis

MACSX Category Low Category High MACSX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

MACSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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MACSX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A