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
US5771254043
577125404
May 30, 2011
$2,500
Mid-Cap
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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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 5.95% year-to-date (YTD) and 15.38% in the last 12 months. Over the past 10 years, Matthews China Small Companies Fund had an annualized return of 1.66%, while the S&P 500 had an annualized return of 11.29%, indicating that Matthews China Small Companies Fund did not perform as well as the benchmark.
MCSMX
5.95%
6.30%
22.02%
15.38%
-7.18%
1.66%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.53% | 5.95% | |||||||||||
| 2024 | -12.18% | 13.74% | -1.90% | 3.31% | 0.66% | -5.81% | -4.19% | -2.55% | 20.70% | -4.23% | -2.48% | 1.79% | 2.82% |
| 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% | 24.31% | -0.42% | -31.25% |
| 2021 | 6.95% | -1.46% | -4.16% | 5.18% | -1.04% | 7.28% | -6.92% | -0.58% | -3.96% | 1.86% | 0.05% | -18.48% | -16.72% |
| 2020 | 2.03% | 11.60% | -2.94% | 12.69% | 10.01% | 15.07% | 3.61% | 0.95% | -2.60% | -1.21% | 3.34% | -5.08% | 55.62% |
| 2019 | 4.38% | 6.90% | 5.52% | 1.68% | -7.41% | 7.06% | -0.53% | -0.53% | 3.73% | 6.26% | 0.40% | 4.19% | 35.41% |
| 2018 | 8.75% | -4.64% | 2.68% | -1.34% | 7.93% | -3.86% | -1.23% | -7.89% | -6.02% | -15.25% | 8.73% | -5.66% | -18.99% |
| 2017 | 4.63% | 5.36% | 3.98% | 1.70% | 3.55% | 2.02% | 2.77% | 7.89% | 3.48% | 3.36% | -0.75% | 0.90% | 46.25% |
| 2016 | -9.78% | -1.77% | 6.03% | 1.45% | 0.83% | -2.13% | 3.63% | 5.83% | 3.31% | -3.31% | -0.66% | -8.49% | -6.30% |
| 2015 | -0.76% | 0.22% | 2.51% | 18.96% | 3.04% | -6.78% | -7.83% | -14.86% | 2.49% | 8.23% | 1.07% | -6.25% | -3.91% |
| 2014 | -3.64% | 3.36% | -1.32% | -4.63% | 3.13% | 1.57% | 1.75% | 2.43% | -3.95% | 0.72% | 1.74% | -3.99% | -3.31% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MCSMX is 27, 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 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 provided a 1.27% dividend yield over the last twelve months, with an annual payout of $0.12 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.12 | $0.12 | $0.21 | $0.20 | $0.12 | $0.13 | $0.13 | $0.05 | $0.11 | $0.03 | $0.06 | $0.36 |
Dividend yield | 1.27% | 1.34% | 2.36% | 1.78% | 0.71% | 0.67% | 1.03% | 0.56% | 0.96% | 0.34% | 0.73% | 3.87% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $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 | $0.12 | $0.12 |
| 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 | $0.20 | $0.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2020 | $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 |
| 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 | $0.05 | $0.05 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2014 | $0.36 | $0.36 |
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.
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 65.48%, occurring on Aug 28, 2024. The portfolio has not yet recovered.
The current Matthews China Small Companies Fund drawdown is 56.46%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -65.48% | Feb 18, 2021 | 888 | Aug 28, 2024 | — | — | — |
| -36% | Jun 2, 2011 | 86 | Oct 3, 2011 | 563 | Dec 31, 2013 | 649 |
| -35.38% | May 28, 2015 | 180 | Feb 11, 2016 | 400 | Sep 13, 2017 | 580 |
| -35% | Jun 13, 2018 | 97 | Oct 29, 2018 | 304 | Jan 15, 2020 | 401 |
| -16.86% | Mar 5, 2020 | 11 | Mar 19, 2020 | 17 | Apr 14, 2020 | 28 |
Volatility
Volatility Chart
The current Matthews China Small Companies Fund volatility is 4.98%, 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.