Matthews Asian Growth and Income Fund

Inception Date

12 September 1994

Fund Assets

$1.38 billion  (9/30/2019)






MSCI All Country Asia ex Japan Index

Geographic Focus

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.


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.


The Matthews Asian Growth and Income Fund intends to distribute its dividends semi-annually. Semi-annual 2019 distributions were paid on June 18, 2019 to shareholders of record as of June 17, 2019. Distribution information is now available.


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


John Paul Lech

Fees & Expenses

Gross Expense Ratio


Portfolio Turnover 1



9/30/2019 As of 09/30/2019

1 The lesser of fiscal year 2018 long-term purchase costs or sales proceeds divided by the average monthly market value of long-term securities.