Morningstar

Matthews China Fund Institutional Class MICFX

Morningstar Medalist Rating
Medalist Rating as of | See Matthews Asia Investment Hub
  • NAV / 1-Day Return 17.29  /  +1.59 %
  • Total Assets 381.8M
  • Adj. Expense Ratio
    1.130%
  • Expense Ratio 1.130%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Greater China Region
  • Investment Style Large Blend
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 1.50%
  • Turnover 37%

USD | NAV as of Aug 18, 2026 | 1-Day Return as of Aug 18, 2026, 12:44 AM GMT+0

Morningstar’s Analysis MICFX

Will MICFX outperform in the 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.

Team turnover remains an ongoing challenge.

Associate Analyst Yutong Cheng

Yutong Cheng

Associate Analyst

Summary

While long-tenured lead manager Andrew Mattock remains at the helm and provides meaningful continuity, the scale and persistence of turnover at both the strategy and firm levels have eroded confidence in the depth of research support underpinning his stock selection. Reflecting this, we downgrade the Process rating to Average from Above Average, while maintaining the People rating at Average.

by Yutong Cheng
Rated on 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 42.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Tencent Holdings Ltd

12.59 48M
Communication Services

Alibaba Group Holding Ltd Ordinary Shares

7.90 30M
Consumer Cyclical

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

3.50 13M
Financial Services

China Life Insurance Co Ltd Class H

2.98 11M
Financial Services

Suzhou TFC Optical Communications Co Ltd Class A

2.93 11M
Technology

Meituan Class B

2.70 10M
Consumer Cyclical

Contemporary Amperex Technology Co Ltd Class A

2.51 10M
Industrials

Jiangsu Zhongtian Technology Co Ltd Class A

2.49 10M
Industrials

JD.com Inc Ordinary Shares - Class A

2.36 9M
Consumer Cyclical

JD Logistics Inc

2.22 9M
Industrials

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