Matthews Asia
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Matthews Asia Dividend Fund


Inception Date

October 31, 2006

Fund Assets

$4.69 billion (3/31/2016)

Symbol

MAPIX

CUSIP

577-125-107

Benchmark

MSCI All Country Asia Pacific Index

Geographic Focus

Asia
Consists of all countries and markets in Asia, including developed, emerging, and frontier countries and markets in the Asian region


Investment Objective

Total return with an emphasis on providing current income.

Strategy

Under normal market conditions, the Matthews Asia Dividend Fund seeks to achieve its investment objective by investing at least 80% of its total assets, which include borrowings for investment purposes, in dividend-paying equity securities of companies located in Asia. The Fund may also invest in convertible debt and equity securities. The Fund seeks to provide a level of current income that is higher than the yield generally available in Asian equity markets over the long term.

Distributions

The Matthews Asia Dividend Fund intends to distribute its dividends quarterly. First quarter 2016 distributions were paid on March 21, 2016 to shareholders of record as of March 18, 2016. First quarter 2016 distribution information is now available.

Risks

Investments in Asian securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investing in emerging and frontier markets involves different and greater risks, as these countries are substantially smaller, less liquid and more volatile than securities markets in more developed markets.

There is no guarantee that the Fund or the companies in its portfolio will pay or continue to pay dividends. 

These and other risks associated with investing in the Fund can be found in the prospectus.

Portfolio Managers

Lead Managers

Yu Zhang, CFA
Robert J. Horrocks, PhD

Co-Manager

Vivek Tanneeru

Fees & Expenses

Gross Expense Ratio1

1.06%
After fee waiver and expense reimbursement: 1.05% 2

Portfolio Turnover 3

35.98%

Yield

As of 3/31/2016


1 Matthews Asia Funds' 12b-1 Plan (the “Plan”) is inactive. Although the Plan currently is not active, it is reviewed by the Board annually in case the Board decides to re-activate the Plan. The Plan would not be re-activated without prior notice to shareholders and any amounts payable under the Plan would be subject to applicable operating expense limitations. If the Plan were reactivated, the fee would be up to 0.25% for each of the Investor Class and Institutional Class, respectively.              
2 Matthews has contractually agreed to waive a portion of its advisory fee and administrative and shareholder services fee if the Fund’s average daily net assets are over $3 billion, as follows: for every $2.5 billion average daily net assets of the Fund that are over $3 billion, the advisory fee rate and the administrative and shareholder services fee rate for the Fund with respect to such excess average daily net assets will be each reduced by 0.01%, in each case without reducing such fee rate below 0.00%. Any amount waived by Matthews pursuant to this agreement may not be recouped by Matthews. This agreement will remain in place until April 30, 2017, may be renewed for additional periods not exceeding one year and may be terminated at any time (i) by the Trust on behalf of the Fund or by the Board of Trustees upon 60 days’ prior written notice to Matthews; or (ii) by Matthews upon 60 days’ prior written notice to the Trust, in each case without payment of any penalty.
3 The lesser of fiscal year 2015 long-term purchase costs or sales proceeds divided by the average monthly market value of long-term securities.