Matthews China Fund Institutional Class (MICFX)
| Fund Assets | 398.63M |
| Expense Ratio | 1.13% |
| Min. Investment | $100,000 |
| Turnover | 36.73% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 1.50% |
| Dividend Growth | -3.46% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2025 |
| Previous Close | 17.13 |
| YTD Return | 0.81% |
| 1-Year Return | 18.14% |
| 5-Year Return | -22.91% |
| 52-Week Low | 14.45 |
| 52-Week High | 18.71 |
| Beta (5Y) | n/a |
| Holdings | 62 |
| Inception Date | Oct 29, 2010 |
About MICFX
Matthews China Fund Institutional Class is an actively managed mutual fund focused primarily on equity investments in Chinese companies. Its core purpose is to provide exposure to the growth and transformation of the Chinese economy by investing at least 80% of assets in common and preferred stocks of companies located in China, including Hong Kong and other administrative regions. The fund employs an all-cap, fundamental growth-at-a-reasonable-price (GARP) strategy, supported by on-the-ground proprietary research to identify firms with sustainable growth potential. The portfolio is diversified across approximately 70 holdings, with significant allocations to major sectors such as communication services, consumer cyclical, financial services, and technology. It features substantial positions in leading Chinese corporations like Tencent Holdings, Alibaba Group, and JD.com. Designed for institutional investors, the fund requires a high minimum investment and maintains an expense ratio competitive with its peer group. The Matthews China Fund Institutional Class plays a notable role in offering investors targeted access to China's dynamic equity markets, serving as a tool for diversification and thematic exposure within broader emerging market and Asia-focused strategies.
Performance
MICFX had a total return of 18.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.67%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MCHFX | Investor Class Shares | 1.25% |
Top 10 Holdings
42.51% of assets| Name | Symbol | Weight |
|---|---|---|
| Tencent Holdings Ltd. HKD0.00002 | 700 | 12.68% |
| Alibaba Group Holding Ltd. USD0.000003125 | 9988 | 7.96% |
| Ping An Insurance (Group) Company of China Ltd. 'H' CNY1 | 2318 | 3.53% |
| China Life Insurance Co Ltd. 'H'CNY1 | 2628 | 3.00% |
| Suzhou TFC Optical Communication Co Ltd | 300394 | 2.95% |
| Meituan LLC USD0.00001 B CLASS | 3690 | 2.72% |
| CATL - Contemporary Amperex Technology Co Ltd | 300750 | 2.53% |
| ZTT - Jiangsu Zhongtian Technology Co Ltd | 600522 | 2.51% |
| JD.com Inc. USD0.00002 A CLASS | 9618 | 2.38% |
| Jd Logistics Inc USD0.000025 | 2618 | 2.24% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2025 | $0.25414 | Dec 17, 2025 |
| Dec 18, 2024 | $0.26326 | Dec 18, 2024 |
| Dec 14, 2023 | $0.10987 | Dec 14, 2023 |
| Dec 14, 2022 | $1.09205 | Dec 14, 2022 |
| Dec 15, 2021 | $3.25135 | Dec 15, 2021 |
| Dec 16, 2020 | $0.26821 | Dec 16, 2020 |