About MICDX
Matthews China Dividend Fund Institutional Class is an actively managed mutual fund designed to provide total return with a strong emphasis on current income. The fund primarily invests in dividend-paying equities across Greater China, including stocks listed in mainland China, Hong Kong, and Taiwan, with a substantial portion allocated to large and mega-cap companies. Its investment strategy seeks to capture the growth potential of Chinese and related regional markets while focusing on companies with robust dividend policies, aiming to offer a yield that exceeds the average for Chinese equities over time.
Noteworthy for its risk-conscious approach, the fund diversifies across sectors such as communication services, consumer cyclical, financial services, and industrials, with top holdings often including major firms like Tencent, Alibaba, and Ping An Insurance. The fund benchmarks its performance against the MSCI China Index and is categorized within the China-region equity space, making it a specialist vehicle for investors seeking exposure to Chinese dividend growth and income opportunities. Its institutional share class is tailored for large-scale investors, maintaining a competitive expense ratio and a moderate turnover rate, thereby providing access to a unique segment of the emerging markets through a disciplined, income-oriented lens.
Fund Family Matthews Asia Funds
Category China Region
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol MICDX
Share Class Institutional Class Shares
Index MSCI China TR USD
MICDX had a total return of 38.57% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.33%.
