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Take A Different View on Asia's Growth Opportunities

The Matthews Asia ex Japan Dividend Fund

 

Our strength investing in Asian growth companies is based on 30 years of looking closer. The Matthews Asia ex Japan Dividend Fund leverages our expertise to invest in Asian growth companies using a dividend approach that aims to lower volatility.

By constructing a portfolio that balances higher-yielding dividend payers with dividend-growth stocks, we seek to deliver attractive total return through capital appreciation and the provision of income.

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(as of 29/07/2021)
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  • OVERALL

Past performance is no guarantee of future results. High ratings and rankings does not assure favorable performance.

Performance Comes From Knowing Where to Look

 
Undiscovered Small- and Mid-Caps

Meaningful exposure to small- and mid-cap companies that have not yet realized their full growth potential and are often overlooked from an income point of view.

Diversified Range of Sectors and Countries

A focus on finding quality companies benefiting from rising domestic consumption across a broad range of sectors and countries that include fast-growing markets in emerging and frontier Asia.

Flexible Exposure to Growth and Value

The portfolio blends dividend growth stocks and stable yielding stocks depending on market conditions, offering investors participation in both growth and value markets.

We Search Far and Wide for Suitable Companies

 

In our view, dismissing ‘low-yielding, poor governance’ markets without due diligence is often detrimental to portfolios. It’s only by looking at businesses close up that we can identify quality companies that are capable of delivering sustainable growth through market cycles.

Attractive Returns with Lower Volatility

 

Share Class: I(Acc)

The Matthews Asia ex Japan Dividend Fund outperformed in a variety of market environments since inception. It achieved attractive risk-adjusted return with an upside capture of 97%, a downside capture of 69%, beta of 0.87 and a Sharpe ratio of 1.20.1

  • Monthly
  • Quarterly
  • Calendar Year
  • Rolling 12 Month
    Returns
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As of 31/10/2021
Average Annual Total Returns
Name 1MO 3MO YTD 1YR 3YR 5YR 10YR Since Inception Inception Date
Matthews Asia ex Japan Dividend Fund (USD)
1.23% -1.39% 4.04% 23.16% 23.02% 17.59% n.a. 17.11% 30/11/2015
MSCI All Country Asia ex Japan Index (USD)
1.36% -0.59% -2.00% 13.12% 14.28% 11.08% n.a. 11.16%
Matthews Asia ex Japan Dividend Fund (GBP)
-1.28% -0.22% 3.12% 15.88% 19.84% 14.66% n.a. 18.81% 30/11/2015
MSCI All Country Asia ex Japan Index (GBP)
-0.29% 0.83% -2.27% 6.71% 11.64% 8.54% n.a. 12.94%
Matthews Asia ex Japan Dividend Fund (EUR)
0.59% 0.59% 9.60% 23.68% n.a. n.a. n.a. 27.69% 31/07/2020
MSCI All Country Asia ex Japan Index (EUR)
1.51% 1.86% 3.61% 13.86% n.a. n.a. n.a. 16.64%
As of 30/09/2021
Average Annual Total Returns
Name 1MO 3MO YTD 1YR 3YR 5YR 10YR Since Inception Inception Date
Matthews Asia ex Japan Dividend Fund (USD)
-2.22% -6.12% 2.78% 24.49% 18.50% 17.07% n.a. 17.14% 30/11/2015
MSCI All Country Asia ex Japan Index (USD)
-4.15% -9.23% -3.32% 14.73% 9.50% 10.44% n.a. 11.08%
Matthews Asia ex Japan Dividend Fund (GBP)
0.25% -3.20% 4.46% 18.77% 17.31% 16.22% n.a. 19.37% 30/11/2015
MSCI All Country Asia ex Japan Index (GBP)
-2.17% -7.00% -1.98% 10.00% 8.29% 9.62% n.a. 13.20%
Matthews Asia ex Japan Dividend Fund (EUR)
0.00% -3.57% 8.96% 25.93% n.a. n.a. n.a. 29.32% 31/07/2020
MSCI All Country Asia ex Japan Index (EUR)
-2.37% -7.12% 2.07% 16.08% n.a. n.a. n.a. 16.45%
For the years ended December 31st
Name 2020 2019 2018 2017 2016
Matthews Asia ex Japan Dividend Fund (USD)
51.86% 16.73% -12.37% 47.29% 6.89%
MSCI All Country Asia ex Japan Index (USD)
25.36% 18.52% -14.12% 42.08% 5.76%
Matthews Asia ex Japan Dividend Fund (GBP)
46.62% 13.21% -7.38% 34.23% 28.50%
MSCI All Country Asia ex Japan Index (GBP)
21.49% 13.94% -8.78% 29.78% 26.15%
For the period ended 30/09/2021
Name 2021 2020 2019 2018 2017 Inception Date
Matthews Asia ex Japan Dividend Fund (USD)
24.49% 31.32% 1.79% 11.01% 19.06% 30/11/2015
MSCI All Country Asia ex Japan Index (USD)
14.73% 18.16% -3.15% 1.74% 23.02%
Matthews Asia ex Japan Dividend Fund (GBP)
18.77% 26.07% 7.82% 13.95% 15.25% 30/11/2015
MSCI All Country Asia ex Japan Index (GBP)
10.00% 12.63% 2.49% 4.67% 19.11%
Matthews Asia ex Japan Dividend Fund (EUR)
25.93% n.a. n.a. n.a. n.a. 31/07/2020
MSCI All Country Asia ex Japan Index (EUR)
16.08% n.a. n.a. n.a. n.a.

Source: Brown Brothers Harriman (Luxembourg) S.C.A.

Since inception performance for share classes with less than one year of history represents actual performance, not annualised. In addition, for share classes less than a year old, Year to Date Return is calculated since inception. Where no past performance is shown there was insufficient data available in that year to provide performance.

Performance details provided are based on a NAV-to-NAV basis with any dividends reinvested, and are net of management fees and other expenses. Performance data has been calculated in the respective currencies stated above, including ongoing charges and excluding subscription fee and redemption fee you might have to pay.

All performance quoted represents past performance and is not indicative of future performance. Investors may not get back the full amount invested. Investors investing in funds denominated in non-local currency should be aware of the risk of currency exchange fluctuations that may cause a loss of principal. Additional performance, attribution, liquidity, value at risk (VaR), security classification and holdings information is available on request for certain time periods

1Data period 30 November 2015 to 30 June 2021. Source: Zephyr Style ADVISOR

A Proven Approach to Capture Asia’s Growth

 

Growth and income are not mutually exclusive in Asia. Furthermore, a company’s ability and willingness to pay and grow dividends can be a powerful signal reflecting the strength of business model and the interest alignment among all shareholders.

Both Income and Capital Can Drive Returns

30 November 2015 through 30 June 2021

 

Past performance is no guarantee of future results. Returns are calculated with a holdings-based methodology using software supplied by FactSet Research Systems, Inc. Income Return and Capital Return are for positions only and exclude fees and expense accruals. Returns will not equate to the standard published performance for the Fund. The characteristics shown may not be representative of the Fund's current of future investments. Indexes are unmanaged and it Is not possible to invest directly in an index. Source: FactSet Research Systems, Inc

The value of an investment in the Fund can go down as well as up and possible loss of principal is a risk of investing. Investments in international and emerging market securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. The Fund invests in holdings denominated in foreign currencies, and is exposed to the risk that the value of the foreign currency will increase or decrease. The Fund invests primarily in equity securities, which may result in increased volatility. There is no guarantee that the Fund or the companies in its portfolio will pay or continue to pay dividends. The risks associated with investing in the Fund can be found in the prospectus.

Overall Morningstar RatingTM is reflective of the noted share class. Fund ratings represent an opinion only and are not a recommendation to buy or sell any fund. Copyright ©2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is provided for reference purposes only.

The Overall Morningstar®️ Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and (if applicable) ten-year ratings.

Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Performance figures discussed in the Fund Manager Commentary above reflect that of the Institutional Accumulation Class Shares and has been calculated in USO. Performance details provided for the Fund are based on a NAV-to-NAV basis, with any dividends reinvested, and are net of management fees and other expenses. Past performance information is not indicative of future performance. Investors may not get back the full amount invested.

The information contained herein has been derived from sources believed to be reliable and accurate at the time of compilation, but no representation or warranty {express or implied) is made as to the accuracy or completeness of any of this information. Matthews Asia and its affiliates do not accept any liability for losses either direct or consequential caused by the use of this information.

Information contained herein is sourced from Matthews Asia unless otherwise stated. The views and opinions in this commentary were as of the report date, subject to change and may not reflect the writer's current views. They are not guarantees of performance or investment results and should not be taken as investment advice. Investment decisions reflect a variety of factors, and the managers reserve the right to change their views about individual stocks, sectors, and the markets at any time. As a result, the views expressed should not be relied upon as a forecast of the Fund's future investment intent. It should not be assumed that any investment will be profitable or will equal the performance of any securities or any sectors mentioned herein. The information does not constitute a recommendation to buy or sell any securities mentioned.

Investors should not invest in the Fund solely based on the information in this material alone. Please refer to the Prospectus for further details of the risk factors.