Matthews Asian Growth and Income Fund


Inception Date

12 September 1994

Fund Assets

$2.39 billion  (4/30/2018)

Symbol

MACSX

CUSIP

577-130-206

Benchmark

MSCI All Country Asia ex Japan 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

Long-term capital appreciation with some current income.

Strategy

Under normal market conditions, the Matthews Asian Growth and Income Fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in dividend-paying common stock, preferred stock and other equity securities, and convertible securities as well as fixed-income securities, of any duration or quality, of companies located in Asia. The Fund attempts to offer investors a relatively stable means of participating in a portion of the Asian region’s growth prospects, while providing some downside protection, in comparison to a portfolio that invests purely in common stocks. The strategy of owning convertible bonds and dividend-paying equities is designed to help the Fund to meet its investment objective while helping to reduce the volatility of its portfolio.

Distributions

The Matthews Asian Growth and Income Fund intends to distribute its dividends semi-annually. Year end 2017 distributions were paid on December 6, 2017 to shareholders of record as of December 5, 2017. Year end 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. The risks associated with investing in the Fund can be found in the prospectus.

Portfolio Managers

Lead Managers

Robert J. Horrocks, PhD
Kenneth Lowe, CFA

Fees & Expenses

Gross Expense Ratio

1.07%

Portfolio Turnover 1

23.23%

Yield

3/31/2018 As of 03/31/2018


1 The lesser of fiscal year 2017 long-term purchase costs or sales proceeds divided by the average monthly market value of long-term securities.