Matthews China Dividend Fund Institutional Class (MICDX) Fund Details & Analysis

Fund Information

Fund Category China Region

Fund Family Matthews Asia Funds

Fund Style Large Value

ISIN US5771307353

CUSIP 577130735

Inception Date 2009-11-30

Domicile United States

Country USA

Fiscal Year End December

NAV Chart

Fund Metrics

Net Assets $92.90 Million

Share Class Net Assets $20.05 Million

Expense Ratio 1.19%

Expense Ratio Date 2025-04-30

Dividend Yield 0.04%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 5.65%

1-Year Return 37.87%

3-Year Return 2.94%

5-Year Return -0.03%

NAV $15.51

Previous Close Price $15.29

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.04%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Matthews China Dividend Fund Institutional Class

Under normal circumstances, the 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. It may also invest in convertible debt and equity securities of any maturity and quality, including those that are unrated, or would be below investment grade if rated, of companies located in China. China also includes its administrative and other districts, such as Hong Kong.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 46109.24%

Giant 52.03%

Large 25.71%

Medium 16.06%

Micro 0.00%

Small 1.73%

Value & Growth Metrics

Book-Value Growth % 4.31%

Cash-Flow Growth % 8.64%

Dividend Yield % 4.04%

Historical Earnings % 7.64%

Long-Term Earnings % 7.64%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	0.00%	0.00%	0.00%	0.03%	0.00%
Cash	3.24%	3.24%	0.00%	1.36%	0.00%
Non US Stock	96.76%	96.76%	0.00%	98.15%	99.11%
Not Classified	0.00%	0.00%	0.00%	0.00%	0.00%
Other	0.00%	0.00%	0.00%	0.03%	0.00%
US Stock	0.00%	0.00%	0.00%	0.82%	0.89%

Top Holdings

Name	Weight	Owned	Change
Tencent Holdings Ltd	12.46%	-	-
Alibaba Group Holding Ltd	11.01%	-	-
Yangzijiang Shipbuilding Holdings Ltd	3.96%	-	-
China Merchants Bank Co Ltd	3.23%	-	-
Ping An Insurance Group Co of China Ltd	4.27%	-	-
China Construction Bank Corp	3.48%	-	-
Postal Savings Bank of China Co Ltd	3.38%	-	-
Meituan	3.18%	-	-
Haier Smart Home Co Ltd	3.10%	-	-
Tsingtao Brewery Co Ltd	3.09%	-	-
Anhui Expressway Co Ltd	2.70%	-	-
China Suntien Green Energy Corp Ltd	2.63%	-	-
Giant Biogene Holding Co ltd	2.66%	-	-
BYD Co Ltd	2.61%	-	-
Yum China Holdings Inc	2.50%	-	-
Contemporary Amperex Technology Co Ltd	2.93%	-	-
China Everbright Environment Group Ltd	2.92%	-	-
Minth Group Ltd	2.55%	-	-

See the full breakdown of MICDX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	2.72%	90.99%	99.93%	0.00%
Bond Sector	Corporate	2.72%	0.00%	0.00%	0.00%
Bond Sector	Derivative	2.72%	5.17%	0.07%	0.00%
Bond Sector	Government	2.72%	3.84%	0.00%	0.00%
Bond Sector	Municipal	2.72%	0.00%	0.00%	0.00%
Bond Sector	Securitized	2.72%	0.00%	0.00%	0.00%
Cyclical	Basic Materials	2.23%	3.38%	0.00%	5.95%
Cyclical	Consumer Cyclical	20.93%	21.37%	0.00%	26.00%
Cyclical	Financial Services	15.44%	15.39%	0.00%	17.36%
Cyclical	Real Estate	2.43%	2.13%	0.00%	1.66%
Defensive	Consumer Defensive	8.79%	4.24%	0.00%	3.55%
Defensive	Healthcare	5.51%	5.16%	0.00%	5.08%
Defensive	Utilities	2.72%	0.74%	0.00%	1.80%
Sensitive	Communication Services	19.90%	19.91%	0.00%	19.29%
Sensitive	Energy	2.62%	1.29%	0.00%	2.77%
Sensitive	Industrials	18.16%	5.15%	0.00%	6.54%
Sensitive	Technology	1.27%	21.24%	0.00%	10.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	-	-	-
Americas	North America	0.83%	-	0.89%
Greater Asia	Asia Developed	19.83%	5.86%	1.11%
Greater Asia	Asia Emerging	79.25%	94.15%	97.73%
Greater Asia	Australasia	-	-	0.03%
Greater Asia	Japan	-	-	0.02%
Greater Europe	Africa/Middle East	0.06%	-	-
Greater Europe	Europe Developed	0.01%	-	0.22%
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	0.02%	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-18	$0.160	$0.160	USD	-	-	-	-
2024-06-26	$0.292	$0.292	USD	-	2024-06-25	2024-06-26	SemiAnnual
2023-12-14	$0.119	$0.119	USD	-	2023-12-13	2023-12-14	SemiAnnual
2023-06-28	$0.341	$0.341	USD	-	2023-06-27	2023-06-28	SemiAnnual
2022-12-14	$0.119	$0.119	USD	2022-12-14	2022-12-13	2022-12-14	SemiAnnual
2022-06-28	$0.425	$0.425	USD	2022-06-28	2022-06-27	2022-06-28	SemiAnnual
2021-12-15	$0.125	$0.125	USD	2021-12-15	2021-12-14	2021-12-15	SemiAnnual
2021-06-29	$0.394	$0.394	USD	-	2021-06-28	2021-06-29	SemiAnnual
2020-12-16	$0.049	$0.049	USD	2020-12-16	2020-12-15	2020-12-16	SemiAnnual
2020-09-25	$0.376	$0.376	USD	2020-09-25	2020-09-24	2020-09-25	SemiAnnual
2020-06-25	$0.376	$0.376	USD	-	2020-06-24	2020-06-25	Quarterly
2019-12-17	$0.031	$0.031	USD	2019-12-17	2019-12-16	2019-12-17	SemiAnnual
2019-06-18	$0.251	$0.251	USD	2019-06-18	2019-06-17	2019-06-18	SemiAnnual
2018-12-12	$0.069	$0.069	USD	2018-12-12	2018-12-11	2018-12-12	Other
2018-06-19	$0.356	$0.356	USD	2018-06-19	2018-06-18	2018-06-19	SemiAnnual
2017-12-06	$0.302	$0.302	USD	2017-12-06	2017-12-05	2017-12-06	Other
2017-06-20	$0.209	$0.209	USD	2017-06-20	2017-06-19	2017-06-20	SemiAnnual
2016-12-07	$0.083	$0.083	USD	2016-12-07	2016-12-06	2016-12-07	Other
2016-06-21	$0.219	$0.219	USD	2016-06-21	2016-06-20	2016-06-21	SemiAnnual
2015-12-10	$0.025	$0.025	USD	2015-12-10	2015-12-09	2015-12-10	Other
2015-06-18	$0.278	$0.278	USD	2015-06-18	2015-06-17	2015-06-18	SemiAnnual
2014-12-11	$0.208	$0.208	USD	2014-12-11	2014-12-10	2014-12-11	Other
2014-06-19	$0.174	$0.174	USD	2014-06-19	2014-06-18	2014-06-19	SemiAnnual
2013-12-12	$0.063	$0.063	USD	2013-12-12	2013-12-11	2013-12-12	SemiAnnual
2013-06-20	$0.199	$0.199	USD	2013-06-20	2013-06-19	2013-06-20	SemiAnnual
2012-12-13	$0.250	$0.250	USD	2012-12-13	2012-12-12	2012-12-13	SemiAnnual
2012-06-21	$0.226	$0.226	USD	-	2012-06-20	2012-06-21	SemiAnnual
2011-12-08	$0.214	$0.214	USD	-	2011-12-07	2011-12-08	Other
2011-06-23	$0.167	$0.167	USD	-	2011-06-22	2011-06-23	SemiAnnual
2010-12-09	$0.163	$0.163	USD	-	2010-12-08	2010-12-09	Other

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Matthews China Dividend Fund Institutional Class NMFQS:MICDX