Matthews China Fund (MCHFX)

Matthews China Fund (Ticker: MCHFX) is an international stock mutual fund. The mutual fund focuses its investment in Chinese and Taiwanese companies.

Matthews China Fund (Ticker: MCHFX)

The investment objective of Matthews China Fund is to seek long-term capital appreciation. The fund utilizes its assets to buy the common and preferred stocks of companies located in China and Taiwan. It seeks to invest in companies capable of sustainable growth based on the fundamental characteristics of those companies. The current shares price is $23.05.

Fund Profile
    Matthews China Fund
  • Fund Inception Date: 02/18/1998
  • Ticker Symbol: MCHFX
  • CUSIP: 577-130-701
  • Beta (3yr): 0.81
  • Rank in category (YTD): 84%
  • Category: China Region
  • Yield: 1.16%
  • Capital Gains: 0%
  • Expense Ratio: 1.13%
  • Net Assets: $ 1.93 billion
  • Annual Turnover Rate: 8.43%
Updated on 1/12/2013

The current lead fund manager is Richard H. Gao. He is assisted by Henry Zhang. Richard Gao has managed it since 1998. As part of Matthews fund, it has an expense ratio of 1.13% while the category average is 1.92%. As a no load fund, so there is also no management fee. The most recent distribution was given in December 2011 ($0.28). It has total net assets of $1.93 billion. The dividend yield of this fund is 1.16%.

Top 6 China Region Mutual Funds

Ranked with 4 stars by Morningstar, this best china region mutual fund also has Gold rating. It has YTD return of 2.74%. Within the 9 years of positive return, it has its best total return in year 2009 with 78.30%. Based on the load adjusted return, the performance of the fund was as follow:
  • 1-year: 9.13%
  • 3-year: 2.57%
  • 5-year: -2.78%
  • 10-year: 16.68%
The investors can buy this fund through 99 brokerages, such as Merrill Lynch, JP Morgan, T Rowe Price, Schwab Retail, Dreyfus NTF, Ameriprise Brokerage, E Trade Financial, etc. The minimum initial investment is $2,500 for brokerage account with $100 minimum subsequent investment.

As of September 2012, the top ten holdings of this fund represent 27.7% of the total assets. The top 10 holdings are China Mobile Ltd (3.7%), China Life Insurance Co Ltd (3.2%), Cheung Kong Infrastructure Holdings Ltd (2.9%), Mindray Medical International Ltd (2.7%), Ping An Insurance Group Co of China Ltd (2.6%), Tingyi (cayman islands) Holdings Corp (2.5%), Digital China Holdings Ltd (2.5%), Sinopharm Group Co Ltd (2.5%) and China Resources Land Ltd (2.5%).

According to the fund prospectus, the principal investment risks are political, social and economic risks, Currency risks, volatility risk, emerging and frontier markets risk, trading markets and depositary receipts risk, risks associated with China, Hong Kong and Taiwan, etc.

Disclosure: No Position


Post a Comment