Matthews China Innovators Fund (MCSMX)

Fund Assets	81.90M
Expense Ratio	1.40%
Min. Investment	$2,500
Turnover	36.83%
Dividend (ttm)	0.25
Dividend Yield	1.74%
Dividend Growth	108.45%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	14.68
YTD Return	28.32%
1-Year Return	26.45%
5-Year Return	-2.40%
52-Week Low	10.95
52-Week High	18.33
Beta (5Y)	0.62
Holdings	54
Inception Date	May 31, 2011

About MCSMX

The Matthews China Small Companies Fund is an actively managed mutual fund specializing in equities of small-cap companies based in China, including those listed in Hong Kong. Its primary objective is long-term capital appreciation by investing at least 80% of its assets in common and preferred stocks of smaller enterprises that exhibit substantial ties to the Chinese market. By focusing on entrepreneurial firms and sectors responsive to domestic innovation and consumer demand, the fund seeks to capture growth opportunities in China’s dynamic economy. Investments are typically concentrated in higher value-added industries such as technology, consumer discretionary, industrials, and real estate, reflecting the evolving landscape of China’s economic development. The fund is non-diversified, which means it may be more exposed to risks inherent to the Chinese market and small-cap stocks, including higher volatility and lower liquidity compared to larger firms. Since its inception in 2011, the Matthews China Small Companies Fund has offered investors access to an underrepresented segment of the Chinese equity market, making it a targeted option for those seeking exposure to the growth prospects of smaller Chinese companies.

• Fund Family: Matthews Asia Funds
• Category: China Region
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: MCSMX
• Share Class: Investor Class Shares
• Index: MSCI China Small Cap TR USD

Performance

MCSMX had a total return of 26.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.80%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MICHX	Institutional Class Shares	1.20%

Top 10 Holdings

38.64% of assets

Name	Symbol	Weight
Acter Tech Integration Group Co Ltd. CNY1 A	603163	5.49%
Wasion Holdings Ltd HKD0.01	3393	4.85%
Time Interconnect Technology Ltd. HKD0.01	1729	4.08%
Hongfa Technology Co Ltd	600885	3.92%
Atour Lifestyle Holdings Limited	ATAT	3.90%
Sunresin New Materials Co Ltd	300487	3.78%
LANDMARK OPTOELECTRONICS CORP - Land Mark Optoelectronics Corp TWD10	3081	3.49%
Minth Group Ltd. HKD0.1	425	3.23%
ACM Research, Inc.	ACMR	2.98%
JEREH GROUP - Yantai Jereh Oilfield Services Group Co Ltd	002353	2.92%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$0.25489	Dec 17, 2025
Dec 18, 2024	$0.12228	Dec 18, 2024
Dec 14, 2023	$0.21127	Dec 14, 2023
Dec 14, 2022	$0.19767	Dec 14, 2022
Dec 15, 2021	$2.70795	Dec 15, 2021
Dec 16, 2020	$2.09618	Dec 16, 2020

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 28, 2026

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