Matthews China Innovators Fund (MCSMX)
| Fund Assets | 97.58M |
| Expense Ratio | 1.40% |
| Min. Investment | $2,500 |
| Turnover | 36.83% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 1.56% |
| Dividend Growth | 108.45% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2025 |
| Previous Close | 16.22 |
| YTD Return | 46.94% |
| 1-Year Return | 67.20% |
| 5-Year Return | 5.29% |
| 52-Week Low | 10.33 |
| 52-Week High | 18.33 |
| Beta (5Y) | 0.59 |
| 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.
Performance
MCSMX had a total return of 67.20% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.84%.
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 |