Matthews China Innovators Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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
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 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMatthews China Innovators Fund
-
Fund Family NameMatthews Asia Funds
-
Inception DateNov 30, 2017
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWinnie Chwang
Fund Description
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
- Acter Tech Integration Group Co Ltd. CNY1 A 5.49%
- Wasion Holdings Ltd HKD0.01 4.85%
- Time Interconnect Technology Ltd. HKD0.01 4.08%
- Hongfa Technology Co Ltd 3.92%
- Atour Lifestyle Holdings Ltd. SPONSORED ADS 3.90%
- Sunresin New Materials Co Ltd 3.78%
- Land Mark Optoelectronics Corp TWD10 3.49%
- Minth Group Ltd. HKD0.1 3.23%
- Acm Research Inc COM CL A 2.98%
- 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
| Date | Amount | Type |
|---|---|---|
| Dec 17, 2025 | $0.278 | OrdinaryDividend |
| Dec 17, 2025 | $0.445 | OrdinaryDividend |
| Dec 18, 2024 | $0.145 | OrdinaryDividend |
| Dec 14, 2023 | $0.244 | OrdinaryDividend |
| Dec 14, 2022 | $0.238 | OrdinaryDividend |
| Dec 15, 2021 | $2.763 | OrdinaryDividend |
| Dec 16, 2020 | $3.414 | OrdinaryDividend |
| Dec 17, 2019 | $0.151 | OrdinaryDividend |
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 |