Matthews China Fund (MCHFX)
The investment seeks long-term capital appreciation. 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 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.
Fund Info
US5771307015
577130701
Feb 18, 1998
$2,500
Large-Cap
Growth
Expense Ratio
MCHFX has a high expense ratio of 1.12%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Matthews China Fund (MCHFX) returned 6.62% year-to-date (YTD) and 17.36% over the past 12 months. Over the past 10 years, MCHFX returned 2.20% annually, underperforming the S&P 500 benchmark at 10.84%.
MCHFX
6.62%
3.92%
5.49%
17.36%
2.06%
-1.05%
2.20%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of MCHFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.86% | 7.82% | 0.47% | -7.22% | 4.14% | 6.62% | |||||||
| 2024 | -11.27% | 6.98% | 2.45% | 5.40% | 2.69% | -5.40% | -1.47% | 0.00% | 29.39% | -1.36% | -5.02% | -0.92% | 17.84% |
| 2023 | 13.86% | -12.11% | 0.34% | -6.25% | -10.11% | 3.18% | 12.01% | -8.39% | -4.93% | -5.51% | 2.57% | -2.14% | -19.21% |
| 2022 | -3.74% | -5.80% | -12.06% | -7.98% | 2.98% | 14.92% | -12.48% | -1.41% | -13.75% | -12.63% | 31.24% | 2.05% | -24.38% |
| 2021 | 8.26% | -0.72% | -4.58% | 1.70% | 2.13% | 0.45% | -8.34% | -0.42% | -4.78% | 3.31% | -5.17% | -3.96% | -12.50% |
| 2020 | -6.33% | 6.31% | -8.35% | 7.62% | 3.14% | 10.84% | 10.15% | 5.45% | -2.69% | 4.61% | 2.21% | 5.42% | 43.07% |
| 2019 | 11.76% | 6.66% | 4.09% | 2.58% | -11.92% | 9.06% | -1.31% | -3.06% | -1.31% | 5.12% | 2.75% | 7.91% | 34.58% |
| 2018 | 14.41% | -6.85% | -0.38% | -1.99% | 3.77% | -7.51% | -2.17% | -6.55% | -1.63% | -12.94% | 7.14% | -5.92% | -21.17% |
| 2017 | 7.05% | 6.16% | 1.93% | 2.23% | 5.68% | 3.93% | 7.06% | 3.06% | 1.35% | 5.20% | 0.55% | 3.40% | 59.08% |
| 2016 | -14.88% | -3.95% | 9.43% | -1.58% | -2.22% | 2.08% | 4.39% | 5.86% | 4.02% | -2.26% | 2.80% | -6.47% | -5.05% |
| 2015 | 2.94% | 0.82% | 3.01% | 15.39% | 1.06% | -5.12% | -9.93% | -12.51% | -0.40% | 10.64% | 0.09% | -0.41% | 2.37% |
| 2014 | -6.96% | 1.88% | -3.47% | -2.15% | 2.79% | 3.04% | 4.06% | 0.75% | -5.86% | 3.88% | 0.04% | -1.75% | -4.42% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MCHFX is 36, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Matthews China Fund (MCHFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Matthews China Fund provided a 1.79% dividend yield over the last twelve months, with an annual payout of $0.26 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.26 | $0.09 | $1.09 | $3.20 | $0.34 | $0.22 | $3.20 | $2.29 | $2.11 | $3.55 | $0.37 |
Dividend yield | 1.79% | 1.91% | 0.78% | 7.53% | 15.56% | 1.25% | 1.12% | 22.28% | 10.31% | 13.66% | 19.25% | 1.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Matthews China 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $1.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.20 | $3.20 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.20 | $3.20 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.29 | $2.29 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.11 | $2.11 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.55 | $3.55 |
| 2014 | $0.37 | $0.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Matthews China 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 Fund was 67.02%, occurring on Oct 27, 2008. Recovery took 511 trading sessions.
The current Matthews China Fund drawdown is 45.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -67.02% | Nov 1, 2007 | 248 | Oct 27, 2008 | 511 | Nov 5, 2010 | 759 |
| -61.73% | Feb 18, 2021 | 745 | Feb 2, 2024 | — | — | — |
| -38.17% | May 28, 2015 | 180 | Feb 11, 2016 | 356 | Jul 12, 2017 | 536 |
| -36.31% | Jan 30, 2018 | 190 | Oct 29, 2018 | 413 | Jun 22, 2020 | 603 |
| -35.27% | Jun 11, 2001 | 65 | Sep 18, 2001 | 489 | Aug 29, 2003 | 554 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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