Matthews China Dividend Fund (MCDFX)
The investment seeks total return with an emphasis on providing current income. 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.
Fund Info
| ISIN | US5771253052 |
|---|---|
| CUSIP | 577125305 |
| Issuer | Matthews Asia Funds |
| Inception Date | Nov 29, 2009 |
| Category | China Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
MCDFX has a high expense ratio of 1.20%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Matthews China Dividend Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Matthews China Dividend Fund had a return of 6.63% year-to-date (YTD) and -13.44% in the last 12 months. Over the past 10 years, Matthews China Dividend Fund had an annualized return of 4.62%, while the S&P 500 had an annualized return of 10.64%, indicating that Matthews China Dividend Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.63% | 7.50% |
| 1 month | 8.97% | -1.61% |
| 6 months | 0.16% | 17.65% |
| 1 year | -13.44% | 26.26% |
| 5 years (annualized) | -2.86% | 11.73% |
| 10 years (annualized) | 4.62% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -9.62% | 6.51% | 0.10% | 5.23% | ||||||||
| 2023 | -4.91% | -1.96% | -1.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MCDFX is 1, indicating that it is in the bottom 1% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Matthews China Dividend Fund(MCDFX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Matthews China Dividend Fund (MCDFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Matthews China Dividend Fund granted a 3.82% dividend yield in the last twelve months. The annual payout for that period amounted to $0.44 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.44 | $0.78 | $1.84 | $0.77 | $0.26 | $1.61 | $1.68 | $0.48 | $0.89 | $0.50 | $0.23 |
Dividend yield | 3.82% | 4.08% | 5.56% | 10.35% | 3.91% | 1.60% | 11.25% | 9.52% | 3.38% | 6.42% | 3.71% | 1.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Matthews China Dividend Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.46 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.04 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.48 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 |
| 2013 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Matthews China Dividend Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Matthews China Dividend Fund was 47.71%, occurring on Jan 22, 2024. The portfolio has not yet recovered.
The current Matthews China Dividend Fund drawdown is 37.60%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -47.71% | Jul 2, 2021 | 642 | Jan 22, 2024 | — | — | — |
| -30.14% | Jun 3, 2015 | 59 | Aug 25, 2015 | 446 | Jun 2, 2017 | 505 |
| -23.89% | Jan 30, 2018 | 540 | Mar 23, 2020 | 71 | Jul 2, 2020 | 611 |
| -22.85% | Jan 13, 2011 | 182 | Oct 3, 2011 | 271 | Nov 1, 2012 | 453 |
| -12.32% | Feb 18, 2021 | 13 | Mar 8, 2021 | 59 | Jun 1, 2021 | 72 |
Volatility
Volatility Chart
The current Matthews China Dividend Fund volatility is 5.79%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.