Matthews China Small Companies Fund (MCSMX)
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.
Fund Info
| ISIN | US5771254043 |
|---|---|
| CUSIP | 577125404 |
| Issuer | Matthews Asia Funds |
| Inception Date | May 30, 2011 |
| Category | China Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
MCSMX has a high expense ratio of 1.41%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MCSMX vs. KWEB
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Matthews China Small Companies 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 Small Companies Fund had a return of 7.04% year-to-date (YTD) and -1.79% in the last 12 months. Over the past 10 years, Matthews China Small Companies Fund had an annualized return of 9.95%, while the S&P 500 had an annualized return of 10.99%, indicating that Matthews China Small Companies Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.04% | 11.18% |
| 1 month | 10.88% | 5.60% |
| 6 months | 3.71% | 17.48% |
| 1 year | -1.79% | 26.33% |
| 5 years (annualized) | 11.36% | 13.16% |
| 10 years (annualized) | 9.95% | 10.99% |
Monthly Returns
The table below presents the monthly returns of MCSMX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -12.18% | 13.74% | -1.90% | 3.31% | 7.04% | ||||||||
| 2023 | 11.16% | -8.58% | -1.33% | -5.39% | -10.91% | 5.64% | 8.27% | -5.40% | -3.05% | -6.70% | 0.33% | -0.59% | -17.50% |
| 2022 | -9.18% | -0.87% | -11.08% | -12.08% | 4.84% | 7.42% | -3.76% | -6.70% | -13.42% | -9.87% | 24.32% | 31.95% | -8.90% |
| 2021 | 6.95% | -1.46% | -4.16% | 5.18% | -1.04% | 7.28% | -6.92% | -0.58% | -3.96% | 1.86% | 0.05% | -5.78% | -3.74% |
| 2020 | 2.02% | 11.60% | -2.94% | 12.69% | 10.01% | 15.07% | 3.61% | 0.95% | -2.60% | -1.21% | 3.34% | 11.46% | 82.73% |
| 2019 | 4.38% | 6.90% | 5.52% | 1.68% | -7.41% | 7.06% | -0.53% | -0.53% | 3.73% | 6.26% | 0.40% | 4.20% | 35.41% |
| 2018 | 8.75% | -4.64% | 2.68% | -1.34% | 7.93% | -3.86% | -1.24% | -7.89% | -6.02% | -15.25% | 8.73% | -4.10% | -17.65% |
| 2017 | 4.63% | 5.35% | 3.98% | 1.70% | 3.55% | 2.02% | 2.77% | 7.89% | 3.48% | 3.36% | -0.75% | 6.05% | 53.71% |
| 2016 | -9.78% | -1.77% | 6.03% | 1.45% | 0.84% | -2.13% | 3.63% | 5.83% | 3.31% | -3.31% | -0.66% | -4.58% | -2.30% |
| 2015 | -0.76% | 0.22% | 2.51% | 18.96% | 3.04% | -6.78% | -7.83% | -14.86% | 2.49% | 8.23% | 1.07% | 1.54% | 4.08% |
| 2014 | -3.64% | 3.36% | -1.32% | -4.63% | 3.13% | 1.57% | 1.75% | 2.43% | -3.95% | 0.72% | 1.73% | -3.98% | -3.31% |
| 2013 | 5.03% | 1.72% | 0.97% | 2.87% | 3.95% | -7.60% | 2.66% | 2.35% | 5.41% | 4.37% | 2.93% | 1.61% | 28.85% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MCSMX is 2, indicating that it is in the bottom 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
MCSMX (Matthews China Small Companies Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Matthews China Small Companies Fund (MCSMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Matthews China Small Companies Fund granted a 2.21% dividend yield in the last twelve months. The annual payout for that period amounted to $0.21 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.21 | $0.21 | $3.00 | $2.71 | $3.37 | $0.13 | $0.22 | $0.67 | $0.39 | $0.78 | $0.36 | $0.11 |
Dividend yield | 2.21% | 2.36% | 27.02% | 16.47% | 16.98% | 1.03% | 2.25% | 5.66% | 4.79% | 8.88% | 3.87% | 1.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Matthews China Small Companies 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.00 | $3.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.71 | $2.71 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.37 | $3.37 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2018 | $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 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.78 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2013 | $0.11 | $0.11 |
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 Small Companies 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 Small Companies Fund was 54.77%, occurring on Oct 31, 2022. The portfolio has not yet recovered.
The current Matthews China Small Companies Fund drawdown is 34.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -54.77% | Feb 18, 2021 | 430 | Oct 31, 2022 | — | — | — |
| -36% | Jun 2, 2011 | 86 | Oct 3, 2011 | 563 | Dec 31, 2013 | 649 |
| -35% | Jun 13, 2018 | 97 | Oct 29, 2018 | 302 | Jan 13, 2020 | 399 |
| -33.08% | May 28, 2015 | 62 | Aug 24, 2015 | 475 | Jul 13, 2017 | 537 |
| -16.85% | Mar 5, 2020 | 11 | Mar 19, 2020 | 17 | Apr 14, 2020 | 28 |
Volatility
Volatility Chart
The current Matthews China Small Companies Fund volatility is 4.84%, 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.