Matthews Japan Fund

Effective immediately after market closing on July 29, 2016, the Matthews Japan Fund closed to most new investors. Read more.


As of 6/30/2018

  Average Annual Total Returns
  Inception
Date
Jun '18 3 MO YTD 1 YR 3 YR 5 YR 10 YR Since
Inception
Matthews Japan Fund 12/31/98 -2.54% -4.89% 0.08% 16.27% 9.74% 11.73% 7.93% 6.69%
MSCI Japan Index n.a. -2.50% -2.80% -1.85% 10.88% 6.60% 7.70% 3.78% 3.75%


Assumes reinvestment of all dividends and/or distributions before taxes. All performance quoted represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate with market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the return figures quoted. Returns would have been lower if certain of the Fund’s fees and expenses had not been waived. For the most recent month-end performance, please select the monthly tab at the top of the page. 
All performance is in US$.  Source: BNY Mellon Investment Servicing (US) Inc.

Additional performance, attribution, liquidity, value at risk (VaR), security classification and holdings information is available on request for certain time periods.

Gross Expense Ratio:

0.95%
After fee waiver and expense reimbursement: 0.94% 1
             

1 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, 2019 and may be terminated (i) at any time 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 at the annual expiration date of the agreement upon 60 days› prior written notice to the Trust, in each case without payment of any penalty.
As of 6/30/2018

  Average Annual Total Returns
  Inception
Date
Jun '18 3 MO YTD 1 YR 3 YR 5 YR 10 YR Since
Inception
Matthews Japan Fund 12/31/98 -2.54% -4.89% 0.08% 16.27% 9.74% 11.73% 7.93% 6.69%
MSCI Japan Index n.a. -2.50% -2.80% -1.85% 10.88% 6.60% 7.70% 3.78% 3.75%


Assumes reinvestment of all dividends and/or distributions before taxes. All performance quoted represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate with market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the return figures quoted. Returns would have been lower if certain of the Fund’s fees and expenses had not been waived. For the most recent month-end performance, please select the monthly tab at the top of the page. 
All performance is in US$.  Source: BNY Mellon Investment Servicing (US) Inc.

Additional performance, attribution, liquidity, value at risk (VaR), security classification and holdings information is available on request for certain time periods.

Gross Expense Ratio:

0.95%
After fee waiver and expense reimbursement: 0.94% 1
             

1 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, 2019 and may be terminated (i) at any time 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 at the annual expiration date of the agreement upon 60 days› prior written notice to the Trust, in each case without payment of any penalty.

Ratings and Rankings

Morningstar® Ratings™ Ratings based on risk-adjusted returns as of 6/30/2018 .


Morningstar® Category

Japan Stock

Overall

MorningstarMorningstarMorningstar
out of 37 funds

3 Year

MorningstarMorningstarMorningstarMorningstar
out of 37 funds

5 Year

MorningstarMorningstarMorningstar
out of 26 funds

10 Year

MorningstarMorningstarMorningstar
out of 14 funds
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Lipper Rankings Rankings based on total returns as of 6/30/2018 .


Lipper® Category

Japanese Funds

  1 Year 3 Years 5 Years 10 Years Since Inception
12/31/1998
Quartile
# Rank
1st
8 of 44
2nd
11 of 32
2nd
9 of 23
2nd
6 of 13
2nd
3 of 7

Lipper Analytical Services, Inc. rankings and fund performance do not reflect sales charges and are based on total return, including reinvestment of dividends and capital gains for the stated periods. Past performance is no guarantee of future results.

For each fund with at least a three-year history, Morningstar® calculates a Morningstar® Rating based on a Morningstar® Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)


 
Annual Returns for Years Ended:  
12/31/2017 33.14%
12/31/2016 0.40%
12/31/2015 20.83%
12/31/2014 -2.60%
12/31/2013 34.03%
12/31/2012 8.32%
12/31/2011 -7.72%
12/31/2010 19.58%
12/31/2009 10.06%
12/31/2008 -28.38%
12/31/2007 -10.96%
12/31/2006 -6.44%
12/31/2005 14.83%
12/31/2004 22.03%
12/31/2003 59.54%
12/31/2002 -13.39%
12/31/2001 -29.15%
12/31/2000 -25.04%
12/31/1999 107.35%


Assumes reinvestment of all dividends and/or distributions before taxes. All performance quoted represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate with market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the return figures quoted. Returns would have been lower if certain of the Fund’s fees and expenses had not been waived. For the most recent month-end performance, please select the monthly tab at the top of the page. 
All performance is in US$.  Source: BNY Mellon Investment Servicing (US) Inc.

Additional performance, attribution, liquidity, value at risk (VaR), security classification and holdings information is available on request for certain time periods.
as of 6/30/2018


Assumes reinvestment of all dividends and/or distributions before taxes. All performance quoted represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate with market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the return figures quoted. Returns would have been lower if certain of the Fund’s fees and expenses had not been waived. For the most recent month-end performance, please select the monthly tab at the top of the page. 
All performance is in US$.  Source: BNY Mellon Investment Servicing (US) Inc.

Additional performance, attribution, liquidity, value at risk (VaR), security classification and holdings information is available on request for certain time periods.