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 the common and preferred stocks of Small Companies located in China. China includes its administrative and other districts, such as Hong Kong. A company or other issuer is considered to be "located" in a country or a region, and a security or instrument is deemed to be an Asian (or specific country) security or instrument, if it has substantial ties to that country or region.

Nasdaq

MCSMX

The investment seeks to achieve long-term capital appreciation. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of issuers located in China or issuers that are not located in China but derive a majority (over 50%) of their income from China. It primarily invests in equity securities. Under normal circumstances, the adviser considers equity securities to include common and preferred stocks, as well as securities with equity characteristics, including, but not limited to, equity-linked notes and participation notes.

MMCFX

The fund invests at least 80% of its net assets in equity investments that are tied economically to the Greater China region. Its equity investments primarily will consist of investments in equity securities, including common stock, preferred stock, and depositary receipts. The fund may invest in companies of any market capitalization, but the advisor intends to invest generally in mid- and large-capitalization companies. It is non-diversified.

NCEIX

The fund invests normally at least 80% of its net assets in China securities. It invests principally in the common stocks of companies that the fund's investment adviser and sub-adviser believe have the potential for significant long-term growth in market value. The fund may invest in Chinese securities acquired through the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect, as well as equity-linked certificates which are expected to provide the fund exposure to certain classes of shares traded in foreign markets which would otherwise not be available to the fund.

OBCHX

The fund invests at least 80% of its net assets in securities of "China companies." It also invests in American, Global and European Depositary Receipts. China companies may be any size across the entire market capitalization spectrum. In addition to the fund's main investments, the fund may invest up to 20% of its net assets in securities that do not qualify as China company securities, but whose issuers, in the judgment of the investment manager, are expected to benefit from developments in the economy of China, Hong Kong or Taiwan. It is non-diversified.

TCWAX

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in equity securities and equity related investments of Chinese companies. For purposes of this policy, the fund's managers consider companies in Greater China, including the People’s Republic of China, Hong Kong, Macau, and Taiwan, to be Chinese companies. It is non-diversified.

TRCLX

The mutual fund's investment objective is to primarily invest in equity securities of companies with ties to China, including the People's Republic of China and Hong Kong. It aims to allocate at least 80% of its assets towards this strategy and is structured as a non-diversified fund.

UACPX

Under normal market conditions, the fund will invest at least 80% of its net assets in equity and equity-related securities of companies located in the China region. The equity and equity-related securities in which the fund primarily invests include common stocks, preferred stocks, convertible securities, rights and warrants, ETF, and depository receipts (ADRs and GDRs). It is non-diversified.

USCOX

The mutual fund primarily focuses on investing in equity securities of companies tied to the Greater China Region across various market capitalizations. It may also heavily invest in specific sectors such as information technology, industrials, consumer staples, financials, consumer discretionary, and health care.

WAGCX

The fund primarily invests in equity securities of Chinese companies that meet specific criteria set by the advisor. It is non-diversified and focuses on companies either organized under Chinese laws, with principal offices in China, or with significant business operations in China.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield
MCSMX	Matthews China Small Companies Fund	China Equities	May 30, 2011	1.41%	4.47%	9.45%	2.26%
MMCFX	AMG Veritas China Fund	China Equities	Jun 29, 1994	1.14%	4.43%	2.75%	0.79%
NCEIX	Neuberger Berman Greater China Equity Fund	China Equities	Jul 16, 2013	1.51%	—	—	—
OBCHX	Oberweis China Opportunities Fund	China Equities	Oct 2, 2005	2.03%	7.16%	2.66%	0.43%
TCWAX	Templeton China World Fund	China Equities	Sep 7, 1993	1.85%	6.80%	-2.18%	0.08%
TRCLX	T. Rowe Price China Evolution Equity Fund	China Equities	Dec 9, 2019	1.04%	11.56%	—	2.30%
UACPX	UBS All China Equity Fund	China Equities	Feb 23, 2021	1.10%	6.71%	—	2.13%
USCOX	U.S. Global Investors China Region Fund	China Equities	Feb 9, 1994	2.27%	—	—	—
WAGCX	Wasatch Greater China Fund	China Equities	Nov 29, 2020	1.51%	1.26%	—	0.24%
WCQGX	WCM China Quality Growth Fund	China Equities	Mar 30, 2020	1.50%	-2.21%	—	0.84%

The Best China Equities Mutual Funds

Risk vs. Return Scatterplot