Matthews Asia
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Matthews China Dividend Fund

Inception Date

November 30, 2009

Fund Assets

$333.07 millionĀ (3/31/2018)






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 market conditions, 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. Year end 2017 distributions were paid on December 6, 2017 to shareholders of record as of December 5, 2017. Year end 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 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

Yu Zhang, CFA


Sherwood Zhang, CFA

Fees & Expenses

Gross Expense Ratio1


Portfolio Turnover 2



As of 3/31/2018

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