Fact sheet: Matthews Asia China Dividend

Fund information
Fund name
Matthews Asia China Dividend I Acc
Fund manager company
Matthews Asia
Fund type
Offshore Fund
Fund managers
  • Yu Zhangsince 31/01/2013
  • Sherwood Zhangsince 30/04/2014
Fund objective
Total return with an emphasis on providing current income (i.e., income and capital appreciation).
Benchmark
  • MSCI China
Investment style
None
Investment method
Shares
Quick stats
1 Year return
23.2%
1 Year rank in sector
10/38
Sector
FO Equity - Greater China
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.5%
Fund size
£4m (£3m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
117
Top in this sector
Fund name1 Year
Templeton China41.4%
Fidelity China Focus41%
Old Mutual China Eq36.5%
GS China Opp Eq Prtflio31.7%
Pictet Greater China31.6%
...more in FO Equity - Greater China

Performance snapshot

Holdings snapshot

  • Hong Kong & China84.9%
    Taiwan6.6%
    Money Market5.2%
    Singapore3.4%
  • Consumer Discretionary20.2%
    Financials18.5%
    Industrials14.9%
    Consumer Staples10.5%
    Telecommunications Utilities9.5%
  • Asia Pacific Equities84.9%
    Taiwanese Equities6.6%
    Money Market5.2%
    Singapore Equities3.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.7%14.7%17.3%23.2%27.3%-
Sector3.9%16.3%16.7%17%13.8%43.5%
Rank within sector10 / 4033 / 4022 / 4010 / 385 / 34-
Quartile1st4th3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund11.2%7.9%0.9%--
Sector8.4%-5%4.6%10.7%16.3%
Rank within sector15 / 403 / 3629 / 35--
Quartile2nd1st4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
3.55
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.96
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.27
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
18.6
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.53
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.49
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.87
Price movement
52 week high13.19
52 week low10.02
Current bid price-
Current offer price-
Current mid price13.16
Region
1Hong Kong & China84.9%
2Taiwan6.6%
3Money Market5.2%
4Singapore3.4%
Industry sector
1Consumer Discretionary20.2%
2Financials18.5%
3Industrials14.9%
4Consumer Staples10.5%
5Telecommunications Utilities9.5%
6Information Technology9.1%
7Money Market5.2%
8Materials4.5%
9Health Care3.7%
Asset type
1Asia Pacific Equities84.9%
2Taiwanese Equities6.6%
3Money Market5.2%
4Singapore Equities3.4%
Individual holdings
1CHINA CONSTRUCTION BANK0.04%
2TENCENT HLDGS LTD0.04%
3CHINA MEDICAL SYSTEM HLDGS LTD0.03%
4CHINA MOBILE LTD0.03%
5CITIC TELECOM INTL HLDGS0.03%
6HKBN LTD0.03%
7MINTH GROUP0.03%
8PICC PROPERTY & CASUALTY CO0.03%
9QINGDAO PORT INTERNATIONAL CO LTD0.03%
Management
Fund manager group
Matthews Asia
Fund manager company
Matthews Asia
Fund type
Offshore Fund
Fund objective
Total return with an emphasis on providing current income (i.e., income and capital appreciation).
Benchmark
  • MSCI China
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Yu Zhang31/01/2013Yu Zhang is a Portfolio Manager at Matthews Asia and manages the firm’s Asia Dividend, China Dividend and Asia ex Japan Dividend Strategies. Prior to joining Matthews Asia in 2007 as a Research Associate, Yu was an Analyst researching Japanese companies at Aperta Asset Management from 2005 to 2007. Before receiving a graduate degree in the U.S., he was an Associate in the Ningbo, China office of Mitsui & Co., a Japanese general trading firm. Yu received a B.A. in English Language from the Beijing Foreign Studies University, an M.B.A. from Suffolk University and an M.S. in Finance from Boston College. He is fluent in Mandarin.
Sherwood Zhang30/04/2014Sherwood Zhang is a Portfolio Manager at Matthews International Capital Management, LLC and co-manages the firm's China Dividend strategy. Prior to joining the firm in 2011, Sherwood was an Analyst at Passport Capital from 2007 to 2010, where he focused on such industries as property and basic materials in China as well as consumer-related sectors. Before earning his M.B.A. in 2007, Sherwood served as a Senior Treasury Officer for Hang Seng Bank in Shanghai and Hong Kong, and worked as a Foreign Exchange Trader at Shanghai Pudong Development Bank in Shanghai. He received his M.B.A. from the University of Maryland and his Bachelor of Economics in Finance from Shanghai University. Sherwood is fluent in Mandarin and speaks conversational Cantonese. Sherwood has been a Portfolio Manager of the Matthews China Dividend Fund since 2014.
Compliance
IA Recognised, Reporting Fund Status, UCITS III Compliant, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, Spain, France, United Kingdom, Hong Kong, Luxembourg, Offshore, Singapore
Matthews Asia China Dividend A Acc
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price12.93
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI8ZG
Matthews Asia China Dividend A Inc
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price11.89
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI8ZF
Matthews Asia China Dividend I Acc
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price13.16
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI8ZE
Matthews Asia China Dividend I Inc
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price12.18
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI8ZD
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