Matthews China Dividend Investor (MCDFX)

Fund Assets	92.90M
Expense Ratio	1.32%
Min. Investment	$2,500
Turnover	n/a
Dividend (ttm)	0.32
Dividend Yield	2.05%
Dividend Growth	26.73%
Payout Frequency	n/a
Ex-Dividend Date	Dec 17, 2025

Previous Close	15.26
YTD Return	5.60%
1-Year Return	38.30%
5-Year Return	-2.43%
52-Week Low	11.52
52-Week High	15.66
Beta (5Y)	0.24
Holdings	45
Inception Date	Nov 30, 2009

About MCDFX

The Matthews China Dividend Fund Investor Class is a mutual fund that seeks to provide total return with a particular emphasis on generating current income. Its primary strategy is to invest at least 80% of its assets in dividend-paying equity securities of companies located in China, including both mainland and Hong Kong-listed firms as well as American and Global Depositary Receipts. The fund also has the flexibility to invest in convertible debt and equities of various maturities and credit qualities, including below investment grade issues, expanding its reach within the Chinese market. Known for targeting a higher level of current income than what is typically available in the broader Chinese equity markets, the fund holds a diversified portfolio that skews towards large-cap and mid-cap companies, though it maintains exposure to small-cap stocks for added growth potential. As of its latest filings, top holdings include major names in sectors such as communication services, consumer cyclical, and financial services, reflecting the fund's focus on income and stability. With a semi-annual dividend payout and a competitive yield, the Matthews China Dividend Fund Investor Class plays a specialized role for investors seeking exposure to Chinese equities with an income-oriented approach, balancing potential growth with regular dividend distributions.

• Category: China Region
• Stock Exchange: NASDAQ
• Ticker Symbol: MCDFX
• Share Class: Investor Class Shares
• Index: MSCI China TR USD

Performance

MCDFX had a total return of 38.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.37%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
MICDX	Institutional Class Shares	1.19%

Top 10 Holdings

50.58% of assets

Name	Symbol	Weight
Tencent Holdings Limited	0700	12.53%
Alibaba Group Holding Limited	9988	8.77%
Ping An Insurance (Group) Company of China, Ltd.	2318	4.74%
China Merchants Bank Co Ltd Class H	M4B.DE	4.10%
China Construction Bank Corporation	0939	4.01%
China Everbright Environment Group Limited	0257	3.53%
Anhui Expressway Co Ltd Class H	AUHEF	3.45%
PetroChina Company Limited	0857	3.36%
Wasion Holdings Limited	3393	3.05%
Contemporary Amperex Technology Co., Limited	300750	3.04%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$0.31753	Dec 17, 2025
Jun 25, 2025	$0.27582	Jun 25, 2025
Dec 18, 2024	$0.15248	Dec 18, 2024
Jun 26, 2024	$0.31572	Jun 26, 2024
Dec 14, 2023	$0.10744	Dec 14, 2023
Jun 28, 2023	$0.32906	Jun 28, 2023

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

Data Sources Report a data error