Matthews India Fund (MINDX)
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 publicly traded common stocks, preferred stocks and convertible securities of companies located in India. 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 | US5771308591 |
|---|---|
| CUSIP | 577130859 |
| Issuer | Matthews Asia Funds |
| Inception Date | Oct 30, 2005 |
| Category | Asia Pacific Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
MINDX has a high expense ratio of 1.15%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MINDX vs. WAINX, MINDX vs. INDA, MINDX vs. INDY, MINDX vs. EELV, MINDX vs. NFTY, MINDX vs. FXAIX, MINDX vs. VOO, MINDX vs. PIN, MINDX vs. IVV, MINDX vs. QQQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Matthews India 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 India Fund had a return of 12.14% year-to-date (YTD) and 19.15% in the last 12 months. Over the past 10 years, Matthews India Fund had an annualized return of 1.37%, while the S&P 500 had an annualized return of 11.43%, indicating that Matthews India Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 12.14% | 25.82% |
| 1 month | -4.80% | 3.20% |
| 6 months | 7.25% | 14.94% |
| 1 year | 19.15% | 35.92% |
| 5 years (annualized) | 3.20% | 14.22% |
| 10 years (annualized) | 1.37% | 11.43% |
Monthly Returns
The table below presents the monthly returns of MINDX, 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 | 3.15% | 2.13% | -0.54% | 2.21% | -1.20% | 6.52% | 3.16% | 1.66% | 1.48% | -6.10% | 12.14% | ||
| 2023 | -0.81% | -1.69% | 1.11% | 3.67% | 3.19% | 5.75% | 1.66% | -0.24% | 0.12% | -2.40% | 6.55% | 3.31% | 21.69% |
| 2022 | -0.64% | -5.50% | 1.06% | -1.72% | -3.84% | -5.03% | 8.67% | 0.54% | -3.74% | 0.79% | 4.95% | -17.23% | -21.58% |
| 2021 | -3.35% | 5.79% | 0.67% | -1.15% | 7.22% | 1.78% | 1.23% | 8.43% | -0.53% | -0.35% | -3.65% | -7.94% | 7.15% |
| 2020 | 1.76% | -5.49% | -29.79% | 12.40% | -0.62% | 6.89% | 9.91% | 5.19% | 2.53% | 1.89% | 9.97% | 5.46% | 12.93% |
| 2019 | -2.66% | 0.23% | 8.14% | -2.59% | 1.07% | -1.54% | -7.02% | -3.60% | 5.84% | 3.64% | -2.00% | -10.25% | -11.55% |
| 2018 | 2.01% | -4.46% | -0.09% | 3.71% | -2.02% | -3.92% | 3.04% | 0.15% | -11.68% | -5.99% | 10.13% | -14.49% | -23.29% |
| 2017 | 3.82% | 5.86% | 6.85% | 1.36% | 1.05% | 1.59% | 3.29% | -1.30% | -0.94% | 3.92% | 1.92% | 2.36% | 33.76% |
| 2016 | -5.86% | -7.19% | 9.87% | 2.40% | 1.96% | 1.55% | 4.68% | 1.99% | -2.16% | 2.21% | -7.56% | -3.39% | -2.95% |
| 2015 | 8.16% | 2.31% | -0.27% | -5.41% | 4.05% | -1.98% | 0.67% | -6.98% | 2.50% | 1.48% | -3.13% | -0.46% | -0.01% |
| 2014 | -4.30% | 5.84% | 13.10% | -0.86% | 14.22% | 4.78% | 4.29% | 4.68% | 2.11% | 4.42% | 3.61% | -0.69% | 62.81% |
| 2013 | 1.83% | -5.05% | 1.12% | 5.20% | -2.22% | -10.34% | -3.55% | -14.18% | 13.93% | 9.27% | -1.97% | 3.21% | -5.99% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MINDX is 16, indicating that it is in the bottom 16% 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Matthews India Fund (MINDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Matthews India Fund provided a 1.71% dividend yield over the last twelve months, with an annual payout of $0.51 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.51 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.05 | $0.18 |
Dividend yield | 1.71% | 1.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.17% | 1.11% |
Monthly Dividends
The table displays the monthly dividend distributions for Matthews India 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 | $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 | $0.51 | $0.51 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $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 |
| 2014 | $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 |
| 2013 | $0.18 | $0.18 |
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 India 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 India Fund was 74.48%, occurring on Mar 9, 2009. Recovery took 1373 trading sessions.
The current Matthews India Fund drawdown is 14.94%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.48% | Jan 8, 2008 | 293 | Mar 9, 2009 | 1373 | Aug 21, 2014 | 1666 |
| -60.92% | Jan 23, 2018 | 545 | Mar 23, 2020 | — | — | — |
| -32.08% | May 11, 2006 | 24 | Jun 14, 2006 | 98 | Nov 2, 2006 | 122 |
| -25.09% | Apr 13, 2015 | 222 | Feb 26, 2016 | 292 | Apr 25, 2017 | 514 |
| -16.51% | Feb 8, 2007 | 17 | Mar 5, 2007 | 33 | Apr 20, 2007 | 50 |
Volatility
Volatility Chart
The current Matthews India Fund volatility is 4.32%, 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.