Matthews China Fund Institutional Class (MICFX)

Fund Assets	359.92M
Expense Ratio	1.158%
Min. Investment	$100,000
Turnover	36.73%
Dividend (ttm)	0.25
Dividend Yield	1.65%
Dividend Growth	-3.46%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	15.41
YTD Return	-10.13%
1-Year Return	-11.46%
5-Year Return	-25.08%
52-Week Low	15.41
52-Week High	18.65
Beta (5Y)	0.70
Holdings	55
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.

• Fund Family: Matthews Asia Funds
• Category: China Region
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MICFX
• Share Class: Institutional Class Shares
• Index: MSCI China TR USD

Performance

MICFX had a total return of -11.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.84%.

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

42.82% of assets

Name	Symbol	Weight
TENCENT HOLDINGS LTD HKD0.00002	700	11.67%
ALIBABA GROUP HOLDING LTD USD0.000003125	9988	5.25%
Jiangsu Zhongtian Technology Co Ltd	600522	4.73%
KINGBOARD HOLDINGS LTD HKD0.10	148	4.68%
CHINA INTERNATIONAL CAPITAL CORP LTD CNY1 H	3908	3.23%
PING AN INSURANCE (GROUP) COMPANY OF CHINA LTD 'H' CNY1	2318	2.87%
MEITUAN LLC USD0.00001 B CLASS	3690	2.73%
CHINA MERCHANTS SECURITIES CO LTD 'H'CNY1	6099	2.68%
CHINA LIFE INSURANCE COMPANY LTD 'H'CNY1	2628	2.61%
Montage Technology Co Ltd	688008	2.36%

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

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:

Oct 16, 2026

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