MCRDX: Matthews Asia Credit Opportunities Fund - MutualFunds.com
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Matthews Asia Credit Opportunities Inv

MCRDX - Snapshot

Vitals

  • YTD Return -4.1%
  • 3 Yr Annualized Return 2.9%
  • 5 Yr Annualized Return 4.1%
  • Net Assets $93.4 M
  • Holdings in Top 10 46.7%

52 WEEK LOW AND HIGH

$9.86
$9.69
$10.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.14%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 48.46%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $500

Fund Classification


Compare MCRDX to Popular Emerging Markets Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$111.51

-0.85%

$19.68 B

3.83%

$4.31

-3.42%

0.39%

$14.97

-0.07%

$9.27 B

3.99%

$0.60

-2.60%

0.83%

$8.26

0.00%

$7.88 B

4.46%

$0.37

-2.94%

0.85%

$14.75

-0.07%

$5.94 B

3.72%

$0.55

-2.32%

0.81%

$11.39

0.00%

$5.08 B

4.51%

$0.51

-1.73%

0.90%

MCRDX - Profile

Distributions

  • YTD Total Return -4.1%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.53%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Matthews Asia Credit Opportunities Fund
  • Fund Family Name
    Matthews Asia Funds
  • Inception Date
    Apr 29, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Teresa Kong

Fund Description

Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in debt and debt-related instruments issued by companies as well as governments, quasi-governmental entities, and supra-national institutions in Asia. The fund is non-diversified.


MCRDX - Performance

Return Ranking - Trailing

Period MCRDX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -58.7% 15.1% 85.95%
1 Yr 7.0% -12.5% 35.8% 90.11%
3 Yr 2.9%* -3.4% 11.6% 82.10%
5 Yr 4.1%* -2.9% 10.0% 77.71%
10 Yr N/A* -2.3% 7.2% N/A

* Annualized

Return Ranking - Calendar

Period MCRDX Return Category Return Low Category Return High Rank in Category (%)
2020 -2.8% -20.2% 99.4% 87.89%
2019 8.3% -9.9% 13.5% 53.16%
2018 -6.1% -31.2% 73.9% 8.16%
2017 2.6% -9.1% 14.2% 90.06%
2016 N/A -9.2% 219.0% N/A

Total Return Ranking - Trailing

Period MCRDX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -58.7% 15.1% 85.95%
1 Yr 7.0% -13.3% 35.8% 83.79%
3 Yr 2.9%* -3.4% 11.6% 78.13%
5 Yr 4.1%* -2.9% 10.0% 72.43%
10 Yr N/A* -2.3% 6.9% N/A

* Annualized

Total Return Ranking - Calendar

Period MCRDX Return Category Return Low Category Return High Rank in Category (%)
2020 -2.8% -20.2% 99.4% 87.89%
2019 8.3% -9.9% 17.3% 56.32%
2018 -2.9% -31.2% 0.7% 3.63%
2017 7.9% 0.0% 17.0% 49.04%
2016 N/A -9.2% 242.1% N/A

NAV & Total Return History


MCRDX - Holdings

Concentration Analysis

MCRDX Category Low Category High MCRDX % Rank
Net Assets 93.4 M 242 K 19.7 B 62.17%
Number of Holdings 39 3 1550 94.09%
Net Assets in Top 10 10.4 M -116 M 1.74 B 69.35%
Weighting of Top 10 46.69% 1.0% 99.6% 7.59%

Top 10 Holdings

  1. Network I2I Limited 5.65% 5.68%
  2. CIFI Holdings Group Co Ltd 6.55% 5.24%
  3. Indika Energy Capital III Pte. Ltd 5.88% 5.18%
  4. ABJA Investment Co. Pte. Ltd. 5.45% 5.11%
  5. Wanda Properties International Co. Ltd 7.25% 5.06%
  6. Debt and Asset Trading Corporation 1% 4.95%
  7. Tata Motors Limited 5.88% 4.76%
  8. Logan Group Company Ltd 5.25% 4.67%
  9. Bosideng International Holdings 1% 4.48%
  10. Luye Pharma Gp Ltd 1.5% 4.41%

Asset Allocation

Weighting Return Low Return High MCRDX % Rank
Bonds
83.77% -0.85% 124.97% 86.29%
Convertible Bonds
14.88% 0.00% 14.88% 0.54%
Cash
1.35% -31.23% 102.29% 80.65%
Stocks
0.00% -0.41% 8.23% 83.06%
Preferred Stocks
0.00% 0.00% 0.01% 79.03%
Other
0.00% -2.27% 9.57% 76.88%

MCRDX - Expenses

Operational Fees

MCRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.14% 0.04% 40.50% 53.74%
Management Fee 0.55% 0.00% 1.50% 20.90%
12b-1 Fee 0.00% 0.00% 1.00% 13.48%
Administrative Fee N/A 0.01% 0.65% 65.96%

Sales Fees

MCRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MCRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MCRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 48.46% 0.00% 302.00% 18.84%

MCRDX - Distributions

Dividend Yield Analysis

MCRDX Category Low Category High MCRDX % Rank
Dividend Yield 0.00% 0.00% 2.10% 79.89%

Dividend Distribution Analysis

MCRDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

MCRDX Category Low Category High MCRDX % Rank
Net Income Ratio 4.53% -2.36% 10.00% 43.56%

Capital Gain Distribution Analysis

MCRDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

MCRDX - Fund Manager Analysis

Managers

Teresa Kong


Start Date

Tenure

Tenure Rank

Apr 29, 2016

5.09

5.1%

Teresa Kong is a Portfolio Manager at Matthews International Capital Management, LLC. Prior to joining Matthews in 2010, she was Head of Emerging Market Investments at Barclays Global Investors, now known as BlackRock, and responsible for managing the firm’s investment strategies in Emerging Asia, Eastern Europe, Africa and Latin America. She developed and managed strategies spanning absolute return, active long-only and exchange-traded funds. In addition to founding the Fixed Income Emerging Markets Group at BlackRock, she was also Senior Portfolio Manager and Credit Strategist on the Fixed Income credit team. Previously, Teresa was a Senior Securities Analyst in the High Yield Group with Oppenheimer Funds, and began her career with JP Morgan Securities Inc., where she worked in the Structured Products Group and Latin America Capital Markets Group. She received both a B.A. in Economics and Political Science and an M.A. in International Development Policies from Stanford University. She speaks Cantonese fluently and is conversational in Mandarin.

Satya Patel


Start Date

Tenure

Tenure Rank

Apr 29, 2016

5.09

5.1%

Satya Patel is a Portfolio Manager at Matthews. Prior to joining the firm in 2011, Satya was an Investment Analyst with Concerto Asset Management. He earned his M.B.A. from the University of Chicago Booth School of Business in 2010. In 2009, Satya worked as an Investment Associate in Private Placements for Metlife Investments and from 2006 to 2008, he was an Associate in Credit Hedge Fund Sales for Deutsche Bank in London. He holds a Master’s in Accounting and Finance from the London School of Economics and a B.A. in Business Administration and Public Health from the University of Georgia.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 26.44 5.78 5.11