Matthews China Small Companies Fund Institutional Class Shares (MICHX)
| Fund Assets | 65.66M |
| Expense Ratio | 1.20% |
| Min. Investment | $100,000 |
| Turnover | 54.39% |
| Dividend (ttm) | 0.14 |
| Dividend Yield | 1.43% |
| Dividend Growth | -40.76% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 18, 2024 |
| Previous Close | 11.18 |
| YTD Return | 22.63% |
| 1-Year Return | 30.95% |
| 5-Year Return | -23.84% |
| 52-Week Low | 7.73 |
| 52-Week High | 11.11 |
| Beta (5Y) | n/a |
| Holdings | 56 |
| Inception Date | Nov 30, 2017 |
About MICHX
Matthews China Small Companies Fund Institutional Class is a mutual fund focused on investing in the equities of smaller, entrepreneurial companies within China. The fund seeks to capture growth opportunities in China's dynamic and fast-evolving economy by targeting firms that are typically under-researched and not widely owned by larger investors. Its portfolio is diversified across sectors such as consumer discretionary, technology, industrials, and healthcare, with an emphasis on businesses leveraged to rising domestic consumption and innovation trends in China. The fund follows a bottom-up investment approach, aiming to identify high-quality companies with sustainable growth prospects, robust management teams, and strong competitive advantages. By concentrating its investments in the small-cap segment, the fund offers exposure to parts of China’s economy that can benefit from structural reforms and rising entrepreneurship. This strategy provides investors with access to a segment of the Chinese market known for higher growth potential but also increased volatility and risk, playing a unique role in diversified international equity portfolios seeking targeted exposure to China’s rapidly developing private sector.
Performance
MICHX had a total return of 30.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.24%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MCSMX | Investor Class Shares | 1.40% |
Top 10 Holdings
35.40% of assets| Name | Symbol | Weight |
|---|---|---|
| Giant Biogene Holding Co ltd | 2367 | 5.08% |
| Hongfa Technology Co Ltd | 600885 | 4.41% |
| CHINA OVS PPT - China Overseas Property Holdings Ltd | 2669 | 4.15% |
| Full Truck Alliance Co. Ltd. | YMM | 3.28% |
| DPC Dash Ltd | 1405 | 3.19% |
| Tongcheng Travel Holdings Ltd | 780 | 3.16% |
| Atour Lifestyle Holdings Limited | ATAT | 3.15% |
| JEREH GROUP - Yantai Jereh Oilfield Services Group Co Ltd | 002353 | 3.10% |
| NetEase Cloud Music Inc | 9899 | 3.07% |
| ACM Research, Inc. | ACMR | 2.82% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2024 | $0.1448 | Dec 18, 2024 |
| Dec 14, 2023 | $0.24443 | Dec 14, 2023 |
| Dec 14, 2022 | $0.23817 | Dec 14, 2022 |
| Dec 15, 2021 | $2.76311 | Dec 15, 2021 |
| Dec 16, 2020 | $2.1382 | Dec 16, 2020 |
| Dec 17, 2019 | $0.1513 | Dec 17, 2019 |