Matthews Emerging Markets Small Companies Fund (MSMLX)
The investment seeks long-term capital appreciation. The fund will invest, under normal circumstances, at least 80% of its net assets in the common and preferred stocks of small-capitalization companies located in emerging market countries anywhere in the world. Emerging market countries generally include every country in the world except the United States, Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Singapore and most of the countries in Western Europe.
Fund Info
| ISIN | US5771252062 |
|---|---|
| CUSIP | 577125206 |
| Issuer | Matthews Asia Funds |
| Inception Date | Sep 14, 2008 |
| Category | Emerging Markets Diversified |
| Min. Investment | $2,500 |
| Asset Class | Multi-Asset |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
MSMLX has a high expense ratio of 1.37%, 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 Emerging Markets 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 Emerging Markets Small Companies Fund had a return of 2.86% year-to-date (YTD) and 15.70% in the last 12 months. Over the past 10 years, Matthews Emerging Markets Small Companies Fund had an annualized return of 8.03%, while the S&P 500 had an annualized return of 10.99%, indicating that Matthews Emerging Markets Small Companies Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.86% | 11.18% |
| 1 month | 6.19% | 5.60% |
| 6 months | 6.01% | 17.48% |
| 1 year | 15.70% | 26.33% |
| 5 years (annualized) | 14.67% | 13.16% |
| 10 years (annualized) | 8.03% | 10.99% |
Monthly Returns
The table below presents the monthly returns of MSMLX, 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 | -2.23% | 5.09% | -2.78% | 0.04% | 2.86% | ||||||||
| 2023 | 8.45% | -4.51% | 1.88% | 2.63% | -0.80% | 6.13% | 8.06% | -5.49% | -2.31% | -6.29% | 9.31% | 3.03% | 20.04% |
| 2022 | -5.75% | -3.90% | -1.88% | -5.68% | 4.70% | -6.93% | 1.19% | 1.54% | -9.16% | -0.61% | 12.31% | -2.20% | -16.78% |
| 2021 | 3.55% | 1.12% | -4.16% | 5.92% | 4.03% | 7.15% | 3.16% | -1.48% | -0.29% | 4.14% | -0.15% | -2.15% | 22.15% |
| 2020 | -0.66% | -1.67% | -17.87% | 14.60% | 5.77% | 13.24% | 2.96% | 3.07% | 0.05% | 0.66% | 6.76% | 14.37% | 43.69% |
| 2019 | 4.58% | 2.90% | 1.74% | 2.30% | -4.38% | 5.18% | -1.95% | -1.05% | 3.19% | 2.75% | -2.34% | 3.73% | 17.38% |
| 2018 | 3.89% | -3.53% | 1.70% | -2.01% | 3.28% | -4.07% | -3.09% | -1.50% | -4.81% | -10.40% | 5.15% | -2.96% | -17.80% |
| 2017 | 2.73% | 3.63% | 3.75% | 1.47% | 1.17% | 0.97% | 3.03% | 2.98% | -0.13% | 1.56% | 2.30% | 3.49% | 30.43% |
| 2016 | -6.44% | -0.61% | 6.26% | -0.10% | -0.05% | 0.68% | 3.27% | 2.46% | 2.35% | -2.16% | -3.57% | -2.89% | -1.44% |
| 2015 | 0.28% | 1.53% | 0.50% | 5.83% | 0.60% | -2.74% | -6.33% | -11.83% | -0.05% | 4.48% | -2.04% | 1.18% | -9.43% |
| 2014 | -3.31% | 5.99% | 1.77% | -0.50% | 3.69% | 3.65% | 0.65% | 2.76% | -1.52% | -1.37% | 1.20% | -1.77% | 11.39% |
| 2013 | 1.10% | 2.95% | 1.11% | 1.89% | 2.98% | -6.34% | 0.21% | -6.60% | 5.93% | 5.27% | -0.66% | -0.04% | 7.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MSMLX is 27, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
MSMLX (Matthews Emerging Markets Small Companies Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Matthews Emerging Markets Small Companies Fund (MSMLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Matthews Emerging Markets Small Companies Fund granted a 8.13% dividend yield in the last twelve months. The annual payout for that period amounted to $2.13 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.13 | $2.13 | $1.86 | $1.74 | $0.07 | $0.09 | $3.30 | $1.86 | $0.08 | $0.03 | $0.08 | $0.09 |
Dividend yield | 8.13% | 8.36% | 8.04% | 5.83% | 0.28% | 0.51% | 21.31% | 8.12% | 0.43% | 0.13% | 0.39% | 0.48% |
Monthly Dividends
The table displays the monthly dividend distributions for Matthews Emerging Markets 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 | $2.13 | $2.13 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.86 | $1.86 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.74 | $1.74 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2019 | $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 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.30 | $3.30 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.86 | $1.86 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 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 | $0.08 | $0.08 |
| 2013 | $0.09 | $0.09 |
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 Emerging Markets 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 Emerging Markets Small Companies Fund was 36.40%, occurring on Nov 20, 2008. Recovery took 114 trading sessions.
The current Matthews Emerging Markets Small Companies Fund drawdown is 3.86%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -36.4% | Sep 22, 2008 | 44 | Nov 20, 2008 | 114 | May 7, 2009 | 158 |
| -34.33% | Jun 13, 2018 | 447 | Mar 23, 2020 | 72 | Jul 6, 2020 | 519 |
| -30.42% | Nov 17, 2021 | 229 | Oct 14, 2022 | — | — | — |
| -27.4% | Jul 27, 2011 | 48 | Oct 3, 2011 | 393 | Apr 30, 2013 | 441 |
| -25.43% | Jun 2, 2015 | 162 | Jan 21, 2016 | 416 | Sep 14, 2017 | 578 |
Volatility
Volatility Chart
The current Matthews Emerging Markets Small Companies Fund volatility is 4.14%, 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.