Morningstar

Matthews China Instl MICFX

Morningstar Medalist Rating
Medalist Rating as of | See Matthews Asia Investment Hub
  • NAV / 1-Day Return 13.77  /  +1.57 %
  • Total Assets 404.9 Mil
  • Adj. Expense Ratio
    1.010%
  • Expense Ratio 1.010%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category China Region
  • Investment Style Large Blend
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 0.96%
  • Turnover 50%

USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 2:57 AM GMT+0

Morningstar’s Analysis MICFX

Will MICFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MICFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MICFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MICFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Matthews China's Promotion Is Sensible; Ratings Unchanged

null William Samuel Rocco

William Samuel Rocco

Analyst Note

Hardy Zhu was promoted from analyst to comanager on Matthews China on April 29, 2024. This makes sense. Zhu--who is a China specialist and who was also promoted to comanager on Matthews China Small Companies MICHX and a few of the firm's other strategies--has worked as an analyst on the strategy since he joined Matthews in 2011. He has 17 years of investment experience overall. Meanwhile, lead manager Andrew Mattock, comanager Winnie Chwang, and comanager Sherwood Zhang remain in place. They are seasoned and skilled Matthews veterans, and the process they use for this strategy remains the same. This strategy, therefore, retains its People and Process ratings of Above Average. That said, it’s worth noting that those ratings each dropped from High earlier this year owing to reduced confidence in Matthews' overall investment team and other issues.

by William Samuel Rocco
Published on

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Portfolio Holdings MICFX

More MICFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 49.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Tencent Holdings Ltd

12.70 52.4 Mil
Communication Services

Alibaba Group Holding Ltd Ordinary Shares

6.74 27.8 Mil
Consumer Cyclical

Meituan Class B

5.97 24.6 Mil
Consumer Cyclical

China Construction Bank Corp Class H

4.83 19.9 Mil
Financial Services

PDD Holdings Inc ADR

4.24 17.5 Mil
Consumer Cyclical

PetroChina Co Ltd Class H

3.60 14.8 Mil
Energy

JD.com Inc Ordinary Shares - Class A

3.37 13.9 Mil
Consumer Cyclical

Ping An Insurance (Group) Co. of China Ltd Class H

3.11 12.8 Mil
Financial Services

Wuliangye Yibin Co Ltd Class A

2.62 10.8 Mil
Consumer Defensive

China Merchants Bank Co Ltd Class A

2.56 10.6 Mil
Financial Services

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