Continue to site >
Trending ETFs

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.99

$87.5 M

1.74%

$0.28

1.46%

Vitals

YTD Return

40.0%

1 yr return

71.9%

3 Yr Avg Return

20.6%

5 Yr Avg Return

-1.0%

Net Assets

$87.5 M

Holdings in Top 10

38.6%

52 WEEK LOW AND HIGH

$16.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.46%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 119.65%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.99

$87.5 M

1.74%

$0.28

1.46%

MICHX - Profile

Distributions

  • YTD Total Return 40.0%
  • 3 Yr Annualized Total Return 20.6%
  • 5 Yr Annualized Total Return -1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.63%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Matthews China Innovators Fund
  • Fund Family Name
    Matthews Asia Funds
  • Inception Date
    Nov 30, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Winnie Chwang

Fund Description

span style="font-family:Times New Roman;font-size:8.4pt;"Under normal circumstances, the Matthews China Innovators 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 companies located/spanspan style="font-family:Times New Roman;font-size:8.4pt;line-height:10.5pt;" /spanspan style="font-family:Times New Roman;font-size:8.4pt;"in China/spanspan style="font-family:Times New Roman;font-size:8.4pt;line-height:10.5pt;" /spanspan style="font-family:Times New Roman;font-size:8.4pt;"that Matthews believes are innovators in their products, services, processes, business models, management, use of technology, or approach to creating, expanding or servicing their markets. China includes its administrative and other districts, such as Hong Kong. The Fund may also invest in companies located outside of China; however, the Fund may not invest in any company located outside of China if, at the time of purchase, more than 20% of the Fund’s assets are invested in companies located outside of China./spanspan style="font-family:Times New Roman;font-size:8.4pt;"Matthews seeks to invest in companies whose innovations may support durable growth and business resilience across market cycles. In identifying innovators, Matthews expects to focus on companies that enable or adopt innovation to address significant structural challenges and have the potential to create long term shareholder value. Such companies may include innovation enablers—companies that provide the hardware, software, platforms, and systems that support technological advancements—as well as innovation adopters, companies that apply innovative technologies to enhance efficiency, differentiation, and growth across a wide range of industries. In evaluating potential investments, Matthews may consider how a company’s innovations address structural challenges and support long-term value creation./spanspan style="font-family:Times New Roman;font-size:8.4pt;"A company or other issuer is considered to be “located” in China, and a security or instrument is deemed to be a Chinese security or instrument, if it has substantial ties to China. Matthews currently makes that determination based primarily on one or more of the following criteria: (A) with respect to a company or issuer, whether (i) it is organized under the laws of China; (ii) it derives at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed, or has at least 50% of its assets located, within China; (iii) it has the primary trading markets for its securities in China; (iv) it has its principal place of business in or is otherwise headquartered in China; or (v) it is a governmental entity or an agency, instrumentality or a political subdivision in China; and (B) with respect to an instrument or issue, whether (i) its issuer is headquartered or organized in China; (ii) it is issued to finance a project that has at least 50% of its assets or operations in China; (iii) it is at least 50% secured or backed by assets located in China; (iv) it is a component of or its issuer is included in the MSCI China All Shares Index; or (v) it is denominated in the currency of China and addresses at least one of the other above criteria. The term “located” and the associated criteria listed above have been defined in such a way that Matthews has latitude in determining whether an issuer should be included within a region or country. Matthews may rely on only one /spanspan style="font-family:Times New Roman;font-size:8.4pt;"criterion to determine location even if other criteria point to a different location. The Fund may also invest in depositary receipts, including American, European and Global Depositary Receipts./spanspan style="font-family:Times New Roman;font-size:8.4pt;"It is important to note that there are no universally agreed upon objective standards for assessing innovators. Innovative companies can be both old and new companies. Innovative companies can exist in any industries, old and new. Companies perceived as innovators in one country or one industry might not be perceived as innovators in another country or another industry. For these reasons, Matthews applies the term innovators broadly and flexibly, using its judgment, and its interpretation may evolve over time. /spanspan style="font-family:Times New Roman;font-size:8.4pt;"The Fund seeks to invest in companies capable of sustainable growth based on the fundamental characteristics of those companies, including balance sheet information; number of employees; size and stability of cash flow; management’s depth, adaptability and integrity; product lines; marketing strategies; corporate governance; and financial health. The/spanspan style="font-family:Times New Roman;font-size:8.4pt;line-height:10.5pt;" /spanspan style="font-family:Times New Roman;font-size:8.4pt;"Fund may invest in companies of any/spanspan style="font-family:Times New Roman;font-size:8.4pt;line-height:10.5pt;" /spanspan style="font-family:Times New Roman;font-size:8.4pt;"size, including/spanspan style="font-family:Times New Roman;font-size:8.4pt;line-height:10.5pt;" /spanspan style="font-family:Times New Roman;font-size:8.4pt;"smaller size companies. Matthews measures a/spanspan style="font-family:Times New Roman;font-size:8.4pt;line-height:10.5pt;" /spanspan style="font-family:Times New Roman;font-size:8.4pt;"company’s size with respect to fundamental criteria such as,/spanspan style="font-family:Times New Roman;font-size:8.4pt;line-height:10.5pt;" /spanspan style="font-family:Times New Roman;font-size:8.4pt;"but/spanspan style="font-family:Times New Roman;font-size:8.4pt;line-height:10.5pt;" /spanspan style="font-family:Times New Roman;font-size:8.4pt;"not limited to, market capitalization,/spanspan style="font-family:Times New Roman;font-size:8.4pt;"book value, revenues,/spanspan style="font-family:Times New Roman;font-size:8.4pt;line-height:10.5pt;" /spanspan style="font-family:Times New Roman;font-size:8.4pt;"profits,/spanspan style="font-family:Times New Roman;font-size:8.4pt;line-height:10.5pt;" /spanspan style="font-family:Times New Roman;font-size:8.4pt;"cash flow,/spanspan style="font-family:Times New Roman;font-size:8.4pt;line-height:10.5pt;" /spanspan style="font-family:Times New Roman;font-size:8.4pt;"dividends/spanspan style="font-family:Times New Roman;font-size:8.4pt;line-height:10.5pt;" /spanspan style="font-family:Times New Roman;font-size:8.4pt;"paid and number of employees. The implementation of the principal investment strategies of the Fund may result in a significant portion of the Fund’s assets being invested from time to time in one or more sectors, but the Fund may invest in companies in any sector. The implementation of the Fund’s principal investment strategies may also result in high portfolio turnover rates. /spanspan style="font-family:Times New Roman;font-size:8.4pt;"The Fund expects to focus its investments in the common and preferred stocks of companies in science-related and technology-related sectors, which Matthews considers to be the following, among others: telecommunications, telecommunications equipment, computers, semiconductors, semiconductor capital equipment, networking, Internet and online service companies, media, office automation, server hardware producers, software companies (e.g., design, consumer and industrial), biotechnology and medical device technology companies, pharmaceuticals and companies involved in the distribution and servicing of these products./spanspan style="font-family:Times New Roman;font-size:8.4pt;"The Fund may invest in affiliated and unaffiliated ETFs, including the Matthews China Innovators Active ETF, a series of the Trust with a substantially similar investment strategy to the Fund, for cash equitization purposes, which allows the Fund to invest in a manner consistent with its investment strategy while managing daily cash flows, including purchases and redemptions by investors./span
Read More

MICHX - Performance

Return Ranking - Trailing

Period MICHX Return Category Return Low Category Return High Rank in Category (%)
YTD 40.0% -19.6% 71.9% 4.41%
1 Yr 71.9% -12.5% 122.9% 5.88%
3 Yr 20.6%* -4.8% 42.7% 20.59%
5 Yr -1.0%* -15.7% 21.8% 38.33%
10 Yr N/A* 0.0% 19.3% 1.47%

* Annualized

Return Ranking - Calendar

Period MICHX Return Category Return Low Category Return High Rank in Category (%)
2025 26.0% 10.1% 59.0% 61.76%
2024 1.3% -18.9% 26.7% 85.29%
2023 -19.6% -26.6% 26.3% 82.35%
2022 -32.5% -41.6% -9.4% 87.10%
2021 -17.2% -52.5% 26.5% 43.33%

Total Return Ranking - Trailing

Period MICHX Return Category Return Low Category Return High Rank in Category (%)
YTD 40.0% -19.6% 71.9% 4.41%
1 Yr 71.9% -12.5% 122.9% 5.88%
3 Yr 20.6%* -4.8% 42.7% 20.59%
5 Yr -1.0%* -15.7% 21.8% 38.33%
10 Yr N/A* 0.0% 19.3% 1.47%

* Annualized

Total Return Ranking - Calendar

Period MICHX Return Category Return Low Category Return High Rank in Category (%)
2025 29.2% 13.7% 59.3% 60.29%
2024 3.0% -17.8% 28.9% 85.29%
2023 -17.4% -24.4% 30.1% 58.82%
2022 -31.1% -40.4% -6.8% 91.94%
2021 -3.4% -48.9% 29.5% 35.00%

NAV & Total Return History


MICHX - Holdings

Concentration Analysis

MICHX Category Low Category High MICHX % Rank
Net Assets 87.5 M 1.68 M 9.11 B 45.59%
Number of Holdings 54 26 1263 73.53%
Net Assets in Top 10 29 M 892 K 4.8 B 48.53%
Weighting of Top 10 38.64% 6.5% 81.8% 82.35%

Top 10 Holdings

  1. Acter Tech Integration Group Co Ltd. CNY1 A 5.49%
  2. Wasion Holdings Ltd HKD0.01 4.85%
  3. Time Interconnect Technology Ltd. HKD0.01 4.08%
  4. Hongfa Technology Co Ltd 3.92%
  5. Atour Lifestyle Holdings Ltd. SPONSORED ADS 3.90%
  6. Sunresin New Materials Co Ltd 3.78%
  7. Land Mark Optoelectronics Corp TWD10 3.49%
  8. Minth Group Ltd. HKD0.1 3.23%
  9. Acm Research Inc COM CL A 2.98%
  10. Yantai Jereh Oilfield Services Group Co Ltd 2.92%

Asset Allocation

Weighting Return Low Return High MICHX % Rank
Stocks
93.41% 51.72% 100.06% 86.76%
Cash
6.59% 0.00% 25.04% 13.24%
Preferred Stocks
0.00% 0.00% 1.91% 55.88%
Other
0.00% -0.02% 47.32% 55.88%
Convertible Bonds
0.00% 0.00% 0.15% 56.25%
Bonds
0.00% 0.00% 0.00% 55.88%

Stock Sector Breakdown

Weighting Return Low Return High MICHX % Rank
Industrials
30.61% 0.00% 36.69% 6.25%
Technology
22.95% 0.00% 58.02% 18.75%
Consumer Cyclical
10.15% 0.00% 95.37% 84.38%
Healthcare
9.69% 0.00% 100.00% 32.81%
Real Estate
8.46% 0.00% 22.12% 7.81%
Financial Services
7.92% 0.00% 41.62% 71.88%
Consumer Defense
4.63% 0.00% 20.13% 65.63%
Basic Materials
3.38% 0.00% 17.58% 42.19%
Communication Services
2.21% 0.00% 41.06% 81.25%
Utilities
0.00% 0.00% 11.37% 82.81%
Energy
0.00% 0.00% 19.38% 79.69%

Stock Geographic Breakdown

Weighting Return Low Return High MICHX % Rank
Non US
83.46% 0.00% 99.93% 89.71%
US
9.95% 0.00% 99.91% 13.24%

MICHX - Expenses

Operational Fees

MICHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.46% 0.19% 18.16% 50.00%
Management Fee 0.85% 0.19% 1.50% 52.94%
12b-1 Fee 0.00% 0.00% 1.00% 33.33%
Administrative Fee N/A 0.06% 0.17% N/A

Sales Fees

MICHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

MICHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 80.00%

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.

MICHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 119.65% 4.00% 241.00% 83.05%

MICHX - Distributions

Dividend Yield Analysis

MICHX Category Low Category High MICHX % Rank
Dividend Yield 1.74% 0.00% 8.89% 17.65%

Dividend Distribution Analysis

MICHX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

MICHX Category Low Category High MICHX % Rank
Net Income Ratio 0.63% -1.17% 3.66% 26.56%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MICHX - Fund Manager Analysis

Managers

Winnie Chwang


Start Date

Tenure

Tenure Rank

Aug 31, 2020

1.75

1.8%

Winnie Chwang is a Portfolio Manager at Matthews Asia and manages the firm's China Small Strategy and co-manages the China and Asia ESG Strategies. She joined the firm in 2004 and has built her investment career at the firm. Winnie earned an MBA from the Haas School of Business and received her B.A. in Economics with a minor in Business Administration from the University of California, Berkeley. She is fluent in Mandarin and conversational in Cantonese. Winnie has been a Portfolio Manager of the Matthews China Fund since 2014, of the Matthews Asia ESG Fund since its inception in 2015 and of the Matthews China Small Companies Fund since 2020.

Andrew Mattock


Start Date

Tenure

Tenure Rank

Aug 31, 2020

1.75

1.8%

Andrew Mattock, CFA is a Portfolio Manager at Matthews Asia and manages the firm's China and China Small Companies Strategies. Prior to joining the firm in 2015, he was a Fund Manager at Henderson Global Investors for 15 years, first in London and then in Singapore, managing Asia Pacific equities. Andrew holds a Bachelor of Business majoring in Accounting from ACU. He began his career at PricewaterhouseCoopers and qualified as a Chartered Accountant. Andrew has been a Portfolio Manager of the Matthews China Fund since 2015 and of the Matthews China Small Companies Fund since 2020.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 24.1 2.97 3.22