Matthews China Dividend Fund

Inception Date

November 30, 2009

Fund Assets

$349.87 million  (8/31/2020)






MSCI China Index

Geographic Focus

China includes its administrative and other districts, such as Hong Kong

Investment Objective

Total return with an emphasis on providing current income.


Under normal circumstances, the Matthews China Dividend 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 equity securities of companies located in China. 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 Chinese equity markets over the long term.


The Matthews China Dividend Fund intends to distribute its dividends semi-annually. Second quarter 2020 distributions were paid on June 25, 2020 to shareholders of record as of June 24, 2020. Second quarter 2020 distribution information are 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 markets involves different and greater risks, as these countries are substantially smaller, less liquid and more volatile than securities markets in more developed markets. In addition, investments in a single-country fund, which is considered a non-diversified fund, may be subject to a higher degree of market risk than diversified funds because of concentration in a specific country.
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 Manager

Sherwood Zhang, CFA


Yu Zhang, CFA
S. Joyce Li, CFA
*No Hong Kong based Co-Manager for the Matthews Asia Funds will exercise investment discretion for or on behalf of the funds in Hong Kong.

Fees & Expenses

Gross Expense Ratio


Portfolio Turnover 1



6/30/2020 As of 06/30/2020

The lesser of fiscal year 2019 long-term purchase costs or sales proceeds divided by the average monthly market value of long-term securities.