Matthews China Dividend Fund

Matthews Asia Funds

Risk Considerations

  • Investment involves risk. Past performance is not a guide to future performance. It is possible to lose the principal capital of your investment.
  • The Fund invests primarily in China-related companies. Investment in such companies may be subject to increased risks such as political, tax, economic, policy, market, liquidity, trading, custody and settlement, currency, legal and regulatory risks.
  • The Fund may, at its discretion, pay dividends out of the capital or effectively out of capital in respect of the distribution shares. Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor's original investment, or from any capital gains attributable to that original investment. Any distribution may result in an immediate reduction of the net asset value per share of the Fund.
  • The Fund invests primarily in equity securities, which may result in increased volatility.
  • The Fund may invest in smaller companies which are likely to carry higher risks than larger companies.
  • The Fund may invest in financial derivative instruments (“FDIs”). Risk associated with FDIs include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The Fund will not use FDIs extensively for investment purposes.
  • The Fund may use hedging techniques to attempt to offset certain market risks but there is no guarantee that hedging techniques will fully and effectively achieve their desired result. 
  • Investors should not invest in the Fund solely based on the information in this website. Please read the Hong Kong Offering Document carefully for further details including risk factors before investing.

Inception Date

31 January 2013

Fund Assets

$16.19 million  (30/11/2019)

Ratings

Overall Morningstar Rating MorningstarMorningstarMorningstarMorningstarMorningstar (30/11/2019)

Base Currency

USD

ISIN

LU0871673488 (USD)

Bloomberg Symbol

MATACDI:LX

Benchmark

MSCI China Index

Geographic Focus

China and Taiwan
China includes its administrative and other districts, such as Hong Kong

Investment Objective

Seeks total return with an emphasis on providing current income.

Strategy

The Fund seeks to achieve its investment objective by investing, directly or indirectly, at least 65% of its total assets, in income-paying publicly traded common stocks, preferred stocks, convertible preferred stocks, and other equity-related instruments of companies located in China. For purpose of this policy, China includes the People's Republic of China, its administrative and other districts, such as Hong Kong, as well as Taiwan. The Fund may also invest in convertible fixed-income securities.

Distributions

The Matthews China Dividend Fund intends to distribute its dividends semi-annually. Second quarter 2019 distributions, if any, were paid for the I (Dist) and A (Dist) share classes on 28 June 2019 to shareholders of record as of 17 June 2019. Distribution information is now available.


Portfolio Managers

Lead Manager

Sherwood Zhang, CFA

Co-Manager

Yu Zhang, CFA
S. Joyce Li, CFA

Fees & Expenses

Management Fee

0.75%

Total Expense Ratio1
as of 30 September 2019

USD 1.25%

Yield

30 November 2019 As of 11/30/2019


Overall Morningstar RatingTM is reflective of the USD Accumulation Share class. Fund ratings represent an opinion only and are not a recommendation to buy or sell any fund. Copyright ©2019 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.

1 Total expense ratio for periods less than a full fiscal year has been annualized based on the Fund’s fiscal year-to-date unaudited expenses as of the most recently available quarter end.  The annualized total expense ratio may vary, sometimes significantly, quarter to quarter and from the actual fiscal year-end total expense ratio.  The Fund’s annual report for each financial year will include detail on the exact charges made.