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Matthews Asia Funds

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Average Annual Returns
Name ISIN Price Daily Change YTD 1YR 3YR 5YR 10YR Since Inception Inception Date
(as of 03/07/2025) (as of 30/06/2025)
Asia Growth and Income Growth and income strategies utilize a hybrid investment approach. They generally seek both long-term growth and some income.
Asia ex Japan Total Return Equity Fund (USD) LU1311311358 $22.11 +0.12 13.38% 13.17% 1.20% 4.18% n.a. 8.49% 30/11/2015
MSCI All Country Asia ex Japan Index (USD) 17.49% 9.72% 6.82% n.a. 7.62%
Asia ex Japan Total Return Equity Fund (GBP)
 		LU1311311515 £24.30 +0.13 4.02% 4.36% -2.89% 1.90% n.a. 9.53% 30/11/2015
MSCI All Country Asia ex Japan Index (GBP) 8.38% 5.39% 4.64% n.a. 8.68%
Asia ex Japan Total Return Equity Fund (EUR)
 		LU1311311788 €11.65 +0.03 0.00% 3.21% -2.80% n.a. n.a. 2.99% 31/07/2020
MSCI All Country Asia ex Japan Index (EUR) 7.27% 5.56% n.a. n.a. 5.33%
Asia Small Company Small company strategies generally invest in the smaller companies of Asia that demonstrate growth prospects.
Asia Discovery Fund (USD) LU0871674296 $22.69 +0.20 5.29% -2.22% 4.16% 9.39% 6.64% 6.89% 30/04/2013
MSCI All Country Asia ex Japan Small Cap Index (USD) 8.71% 13.11% 13.57% 5.82% 5.79%
Asia Discovery Fund (GBP)
 		LU0871674379 £26.33 +0.24 -3.38% -9.82% -0.04% 7.00% 8.10% 8.93% 30/04/2014
MSCI All Country Asia ex Japan Small Cap Index (GBP) 0.28% 8.64% 11.24% 7.29% 8.14%
China Discovery Fund (USD) LU0721876877 $23.94 +0.30 9.97% 17.31% -5.89% -5.76% 5.12% 6.67% 29/02/2012
MSCI China Small Cap Index (USD) 40.46% -3.61% -1.90% -3.17% 0.86%
China Discovery Fund (GBP)
 		LU2075925870 £10.59 +0.13 0.95% 8.20% -9.70% -7.82% n.a. 0.76% 30/01/2020
MSCI China Small Cap Index - GBP (GBP) 29.57% -7.42% -3.91% n.a. -2.01%

Source: Brown Brothers Harriman (Luxembourg) S.C.A.

Effective 30 August 2024, the Asia Small Companies Fund was renamed to Asia Discovery Fund.

Effective 30 August 2024, the China Small Companies Fund was renamed To China Discovery Fund.

The investment policy of the Funds above, was changed on 15 December 2021. The performance prior to this date was achieved under circumstances that no longer apply.

Since inception performance for share classes with less than one year of history represents actual performance, not annualised. In addition, for share classes less than a year old, Year to Date Return is calculated since inception.

Performance details provided are based on a NAV-to-NAV basis with any dividends reinvested, and are net of management fees and other expenses. These figures show by how much the share class(es) increased or decreased in value during the period or calendar year being shown, where applicable. Performance data has been calculated in the respective currencies stated above, including ongoing charges and excluding subscription fee and redemption fee you might have to pay.

All performance quoted represents past performance and is not indicative of future performance. Investors may not get back the full amount invested. Investors investing in funds denominated in non-local currency should be aware of the risk of currency exchange fluctuations that may cause a loss of principal.

Where no past performance is shown there was insufficient data available in that year to provide performance.

Additional performance, attribution, liquidity, value at risk (VaR), security classification and holdings information is available on request for certain time periods.

Name ISIN 2024 2023 2022 2021 2020
Asia Growth and Income Growth and income strategies utilize a hybrid investment approach. They generally seek both long-term growth and some income.
Asia ex Japan Total Return Equity Fund (USD) LU1311311358 13.50% -8.71% -26.05% 3.96% 51.86%
Asia ex Japan Total Return Equity Fund (GBP)
 		LU1311311515 15.19% -13.63% -17.12% 5.36% 46.62%
Asia ex Japan Total Return Equity Fund (EUR)
 		LU1311311788 20.73% -11.87% -21.56% 12.67% 23.90%*
Asia Small Company Small company strategies generally invest in the smaller companies of Asia that demonstrate growth prospects.
Asia Discovery Fund (USD) LU0871674296 -3.45% 11.27% -14.49% 22.19% 46.12%
Asia Discovery Fund (GBP)
 		LU0871674379 -2.01% 5.26% -4.17% 23.80% 41.22%
China Discovery Fund (USD) LU0721876877 3.37% -15.73% -30.72% -2.88% 77.70%
China Discovery Fund (GBP)
 		LU2075925870 4.90% -20.32% -22.34% -1.58% 64.20%*

* Performance shown from share class launch date to calendar year end. For reference only as there is insufficient data to provide a useful indication of past performance to investors.

Source: Brown Brothers Harriman (Luxembourg) S.C.A.

Effective 30 August 2024, the Asia Small Companies Fund was renamed to Asia Discovery Fund.

Effective 30 August 2024, the China Small Companies Fund was renamed To China Discovery Fund.

The investment policy of the Funds above, was changed on 15 December 2021. The performance prior to this date was achieved under circumstances that no longer apply.

Since inception performance for share classes with less than one year of history represents actual performance, not annualised. In addition, for share classes less than a year old, Year to Date Return is calculated since inception.

Performance details provided are based on a NAV-to-NAV basis with any dividends reinvested, and are net of management fees and other expenses. These figures show by how much the share class(es) increased or decreased in value during the period or calendar year being shown, where applicable. Performance data has been calculated in the respective currencies stated above, including ongoing charges and excluding subscription fee and redemption fee you might have to pay.

All performance quoted represents past performance and is not indicative of future performance. Investors may not get back the full amount invested. Investors investing in funds denominated in non-local currency should be aware of the risk of currency exchange fluctuations that may cause a loss of principal.

Where no past performance is shown there was insufficient data available in that year to provide performance.

Additional performance, attribution, liquidity, value at risk (VaR), security classification and holdings information is available on request for certain time periods.

All data as of 31/05/2025, except where otherwise noted.

Name Geographic Coverage Net Assets Inception Date Fact Sheet
As of 31/05/2025
Asia Growth and Income Growth and income strategies utilize a hybrid investment approach. They generally seek both long-term growth and some income.
Asia ex Japan Total Return Equity Fund Asia ex Japan: Consists of all countries and markets in Asia, including developed, emerging, and frontier countries and markets in the Asian region, excluding Japan $44.11 million 30/11/2015 Download Fund PDF
Asia Small Company Small company strategies generally invest in the smaller companies of Asia that demonstrate growth prospects.
Asia Discovery Fund Asia Ex Japan: Consists of all countries and markets in Asia, excluding Japan but including all developed, emerging and frontier countries and markets in Asia $86.78 million 30/04/2013 Download Fund PDF
China Discovery Fund China and Taiwan: China includes its administrative and other districts, such as Hong Kong. $109.84 million 29/02/2012 Download Fund PDF

All data as of 31/12/2024, except where otherwise noted.
Morningstar Ratings based on Risk-Adjusted Returns.

Name Category Overall 3YR 5YR 10YR
As of 31/12/2024
Asia Growth and Income Growth and income strategies utilize a hybrid investment approach. They generally seek both long-term growth and some income.
Asia ex Japan Total Return Equity Fund Asia ex-Japan Equity 3 1 4 n.a.
Asia Small Company Small company strategies generally invest in the smaller companies of Asia that demonstrate growth prospects.
Asia Discovery Fund Asia ex-Japan Small/Mid-Cap Equity 4 3 4 4
China Discovery Fund Greater China Equity 3 2 3 4

Effective 17 February 2023, the Asia ex Japan Dividend Fund was renamed to Asia ex Japan Total Return Equity Fund.

Effective 30 August 2024, the Asia Small Companies Fund was renamed to Asia Discovery Fund.

Effective 30 August 2024, the China Small Companies Fund was renamed To China Discovery Fund.

Past performance is no guarantee of future results. High ratings and rankings does not assure favorable performance.

Overall Morningstar RatingTM is reflective of the noted share class. Fund ratings represent an opinion only and are not a recommendation to buy or sell any fund. Copyright ©2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is provided for reference purposes only.

The Overall Morningstar®️ Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and (if applicable) ten-year ratings.

Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

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The comparison is for informational purposes only. Please refer to the respective Fund pages for important fund information and details.

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Performance as of

FUND
YTD
1YR
3YR
5YR
10YR
Since Inception
FUND
Geographic Coverage
Primary Benchmark
Inception Date
Fund Assets (as of )
Wtd Avg Market Cap (as of )
Number of Holdings (as of )
Total Expense Ratio

Performance data assumes reinvestment of all dividends and/or distributions before taxes. All performance quoted represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate with market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the return figures quoted. Returns would have been lower if certain of the Fund’s fees and expenses had not been waived. 

Year to Date and Since Inception performance with less than one year of history represents actual performance, not annualized.

Effective 17 February 2023, the Asia ex Japan Dividend Fund was renamed to Asia ex Japan Total Return Equity Fund.

Effective 30 August 2024, the Asia Small Companies Fund was renamed to Asia Discovery Fund.

Effective 30 August 2024, the China Small Companies Fund was renamed To China Discovery Fund.

The Funds above are authorized by the Securities and Futures Commission (“SFC”) for sale to the public in Hong Kong. SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors

The Funds above are authorized by the Securities and Futures Commission (“SFC”) for sale to the public in Hong Kong. SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors