Fund Performance through February 28, 2010
| Asia Growth and Income Strategies |
Matthews Asian Growth and Income (MACSX)
|
2.16% |
1.22% |
2.51% |
53.46% |
5.17% |
10.03% |
13.84% |
11.07% |
9/12/94 |
| Matthews Asia Dividend^ (MAPIX) |
6.14% |
1.80% |
5.45% |
70.54% |
9.42% |
n/a |
n/a |
11.45% |
10/31/06 |
| Matthews China Dividend (MCDFX) |
0.39% |
2.26% |
-0.50% |
n/a |
n/a |
n/a |
n/a |
-0.50% |
11/30/09 |
| Asia Growth Strategies |
| Matthews Asia Pacific (MPACX) |
4.41% |
2.36% |
0.73% |
78.88% |
0.56% |
6.69% |
n/a |
9.60% |
10/31/03 |
| Matthews Pacific Tiger (MAPTX)
|
0.88% |
2.90% |
-0.42% |
99.81% |
7.25% |
12.86% |
10.77% |
8.74% |
9/12/94 |
| Matthews China (MCHFX) |
1.92% |
4.71% |
-0.86% |
91.76% |
13.88% |
20.50% |
17.65% |
13.03% |
2/19/98 |
| Matthews India (MINDX) |
4.60% |
0.94% |
1.04% |
137.42% |
8.37% |
n/a |
n/a |
15.41% |
10/31/05 |
| Matthews Japan (MJFOX) |
1.56% |
-0.64% |
2.90% |
38.55% |
-12.14% |
-5.47% |
-4.99% |
3.04% |
12/31/98 |
| Matthews Korea (MAKOX) |
0.23% |
0.25% |
0.48% |
103.38% |
-3.37% |
6.38% |
10.35% |
4.33% |
1/3/95 |
| Asia Small Company Strategy |
| Matthews Asia Small Companies (MSMLX) |
1.71% |
1.67% |
1.64% |
120.32% |
n/a |
n/a |
n/a |
34.63% |
09/15/08 |
| Asia Specialty Strategy |
| Matthews Asian Technology (MATFX) |
2.00% |
1.43% |
5.10% |
90.51% |
0.04% |
7.32% |
-3.13% |
-1.85% |
12/27/99 |
^To better reflect its investment strategy, the Fund’s name changed from Matthews Asia Pacific Equity Income Fund to Matthews Asia Dividend Fund on November 30, 2009.
Fund Performance through December 31, 2009
| Asia Growth and Income Strategies |
| Matthews Asian Growth and Income (MACSX) |
2.16% |
2.31% |
4.24% |
41.44% |
5.31% |
10.77% |
13.76% |
11.18% |
9/12/94 |
| Matthews Asia Dividend^ (MAPIX) |
6.14% |
2.31% |
7.53% |
47.59% |
8.86% |
n/a |
n/a |
11.00% |
10/31/06 |
| Matthews China Dividend (MCDFX) |
0.39% |
1.80%* |
n/a |
n/a |
n/a |
n/a |
n/a |
1.80%* |
11/30/09 |
| Asia Growth Strategies |
| Matthews Asia Pacific (MPACX) |
4.41% |
0.73% |
5.87% |
44.82% |
0.46% |
7.18% |
n/a |
9.86% |
10/31/03 |
| Matthews Pacific Tiger (MAPTX)
|
0.88% |
3.85% |
7.60% |
75.37% |
8.10% |
14.50% |
11.55% |
9.13% |
9/12/94 |
| Matthews China (MCHFX) |
1.92% |
2.39% |
11.89% |
78.30% |
15.70% |
22.23% |
17.18% |
13.53% |
2/19/98 |
| Matthews India (MINDX) |
4.60% |
2.42% |
10.95% |
97.25% |
6.85% |
n/a |
n/a |
16.43% |
10/31/05 |
| Matthews Japan (MJFOX) |
1.56% |
3.08% |
2.15% |
10.06% |
-11.13% |
-5.49% |
-3.85% |
3.11% |
12/31/98 |
| Matthews Korea (MAKOX) |
0.23% |
6.93% |
3.95% |
62.92% |
-2.85% |
10.47% |
8.98% |
4.81% |
1/3/95 |
| Asia Small Company Strategy |
| Matthews Asia Small Companies (MSMLX) |
1.71% |
5.73% |
14.67% |
103.00% |
n/a |
n/a |
n/a |
44.05% |
09/15/08 |
| Asia Specialty Strategy |
| Matthews Asian Technology (MATFX) |
2.00% |
7.65% |
7.08% |
70.28% |
0.42% |
8.03% |
-1.78% |
-1.64% |
12/27/99 |
^To better reflect its investment strategy, the Fund’s name changed from Matthews Asia Pacific Equity Income Fund to Matthews Asia Dividend Fund on November 30, 2009.
*Actual return, not annualized. Inception date of the Matthews
China Dividend Fund is 11/30/09.
All performance is in US$ with gross dividends reinvested.
Assumes reinvestment of all dividends and/or distributions
before taxes. All performance quoted represents past
performance and is no guarantee of future results. Investment return
and principal
value will fluctuate with market conditions so that
when redeemed, shares may be worth more or less than their original
cost. Current
performance may be lower or higher than the return
figures quoted. Returns would have been lower if certain of the Funds’ fees
and expenses had not been waived.
Additional performance, attribution, security classification and
holdings information is available on request for certain time
periods.
| Matthews Asian Growth and Income (MACSX) |
1.18 |
1.16 |
Matthews Asia Dividend (MAPIX)*
After Fee Waiver, Reimbursement and Recoupment |
1.28
1.302 |
1.35
1.322 |
Matthews China Dividend (MCDFX)
After Fee Waiver, Reimbursement and Recoupment |
10.05
1.503 |
n.a.
n.a. |
| Matthews Asia Pacific (MPACX) |
1.28 |
1.23 |
| Matthews Pacific Tiger (MAPTX) |
1.13 |
1.12 |
| Matthews China (MCHFX) |
1.21 |
1.23 |
| Matthews India (MINDX) |
1.27 |
1.29 |
| Matthews Japan (MJFOX) |
1.31 |
1.23 |
| Matthews Korea (MAKOX) |
1.30 |
1.27 |
Matthews Asia Small Companies (MSMLX)
After Fee Waiver, Reimbursement and Recoupment |
2.09
2.004 |
14.31
2.004 |
| Matthews Asian Technology (MATFX) |
1.40 |
1.33 |
1 Matthews Asia Funds do not charge 12b-1 fees.
2 The Advisor has contractually agreed to waive Matthews Asia Dividend Fund’s fees and reimburse expenses until at least August 31, 2010 to the extent needed to limit total annual operating expenses to 1.50%.
3 The Advisor has contractually agreed to waive Matthews China Dividend Fund’s fees and reimburse expenses until at least November 30, 2012 to the extent needed to limit total annual operating expenses to 1.50%.
4 The Advisor has contractually agreed to waive Matthews Asia Small Companies Fund’s fees and reimburse expenses until at least April 30, 2012 to the extent needed to limit total annual operating expenses to 2.00%.
* To better reflect its investment strategy, the Fund’s name changed from Matthews Asia Pacific Equity Income Fund to Matthews Asia Dividend Fund on November 30, 2009.
Daily Prices
| Asia Growth and Income Strategies |
| Matthews Asian Growth and Income (MACSX)
|
$16.11 |
0.00 |
2.16% |
| Matthews Asia Dividend (MAPIX)* |
$12.80 |
+0.03 |
6.14% |
| Matthews China Dividend (MCDFX) |
$10.22 |
+0.01 |
0.39% |
| Asia Growth Strategies |
| Matthews Asia Pacific (MPACX) |
$14.92 |
+0.03 |
4.41% |
| Matthews Pacific Tiger (MAPTX) |
$19.40 |
+0.03 |
0.88% |
| Matthews China (MCHFX) |
$25.99 |
+0.06 |
1.92% |
| Matthews India (MINDX) |
$17.04 |
-0.02 |
4.60% |
| Matthews Japan (MJFOX) |
$11.08 |
-0.02 |
1.56% |
| Matthews Korea (MAKOX) |
$4.32 |
0.00 |
0.23% |
| Asia Small Company Strategy |
| Matthews Asia Small Companies (MSMLX) |
$16.06 |
-0.01 |
1.71% |
| Asia Specialty Strategy |
| Matthews Asian Technology (MATFX) |
$8.18 |
+0.03 |
2.00% |
Assumes reinvestment of all dividends and/or distributions before taxes. All performance quoted represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate with market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the return figures quoted. Returns would have been lower if certain of the Fund’s fees and expenses had not been waived. View the Fund’s most recent month-end performance. View the Fund’s most recent quarter-end performance.
* To better reflect its investment strategy, the Fund’s name changed from Matthews Asia Pacific Equity Income Fund to Matthews Asia Dividend Fund on November 30, 2009.
Morningstar® Ratings™ as February 28, 2010
The Overall Morningstar® Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and (if applicable) ten-year ratings. Past performance is no guarantee of future results.
| Asia Growth and Income Strategies |
Matthews Asian Growth and Income (MACSX)
|
Pacific/Asia ex-Japan |
out of 112 funds |
out of 112 funds |
out of 80 funds |
out of 66 funds |
9/12/94 |
Matthews Asia Dividend (MAPIX)*
|
Diversified Pacific/Asia |
out of 32 funds |
out of 32 funds |
n/a |
n/a |
10/31/06 |
| Asia Growth Strategies |
| Matthews Asia Pacific (MPACX) |
Diversified Pacific/Asia |
out of 32 funds |
out of 32 funds |
out of 27 funds |
n/a |
10/31/03 |
Matthews Pacific Tiger (MAPTX)
|
Pacific/Asia ex-Japan |
out of 112 funds |
out of 112 funds |
out of 80 Funds |
out of 66 funds |
9/12/94 |
| Matthews China (MCHFX) |
Pacific/Asia ex-Japan |
out of 112 funds |
out of 112 funds |
out of 80 funds |
out of 66 funds |
2/19/98 |
Matthews India
(MINDX) |
Pacific/Asia ex-Japan |
out of 112 funds |
out of 112 funds |
n/a |
n/a |
10/31/05 |
| Matthews Japan (MJFOX) |
Japan |
out of 30 funds |
out of 30 funds |
out of 20 funds |
out of 18 funds |
12/31/98 |
| Matthews Korea (MAKOX) |
Pacific/Asia ex-Japan |
out of 112 funds |
out of 112 funds |
out of 80 funds |
out of 66 funds |
1/3/95 |
| Asia Specialty Strategy |
| Matthews Asian Technology (MATFX) |
Technology |
out of 190 funds |
out of 190 funds |
out of 179 funds |
out of 98 funds |
12/27/99 |
The Matthews China Dividend and Asia Small Companies Fund will not be rated by Morningstar until they have three-year track records.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)
* To better reflect its investment strategy, the Fund’s name changed from Matthews Asia Pacific Equity Income Fund to Matthews Asia Dividend Fund on November 30, 2009.
Lipper Rankings as of December 31, 2009
Lipper Analytical Services, Inc. rankings and fund performance do not reflect sales charges and are based on total return, including reinvestment of dividends and capital gains for the stated periods.
| Asia Growth and Income Strategies |
Matthews Asian Growth and Income (MACSX)
|
Pacific ex-Japan |
4th Quartile #51 of 53 |
2nd Quartile #16 of 39 |
4th Quartile #31 of 37 |
1st Quartile #1 of 30 |
1st Quartile
#1 of 10
(9/12/94) |
| Matthews Asia Dividend (MAPIX)* |
Pacific Region |
1st Quartile #11 of 43 |
1st Quartile #1 of 31 |
n/a |
n/a |
1st Quartile #1 of 29 (10/31/06) |
| Asia Growth Strategies |
| Matthews Asia Pacific (MPACX) |
Pacific Region |
2nd Quartile #12 of 43 |
1st Quartile #2 of 31 |
2nd Quartile #8 of 25 |
n/a |
1st Quartile #2 of 25
(10/31/03) |
Matthews Pacific Tiger (MAPTX)
|
Pacific ex-Japan |
1st Quartile #13 of 53 |
1st Quartile #8 of 39 |
2nd Quartile #10 of 37 |
1st Quartile #4 of 30 |
1st Quartile
#2 of 10
(9/12/94) |
| Matthews China (MCHFX) |
China |
1st Quartile #17 of 75 |
1st Quartile #2 of 55 |
1st Quartile #5 of 34 |
1st Quartile #1 of 21 |
1st Quartile
#3 of 17
(2/19/98) |
| Matthews India (MINDX) |
Emerging Markets |
1st Quartile #37 of 375 |
1st Quartile #17 of 236 |
n/a |
n/a |
1st Quartile
#10 of 198
(10/31/05) |
| Matthews Japan (MJFOX) |
Japan |
2nd Quartile #14 of 42 |
2nd Quartile #10 of 32 |
4th Quartile #16 of 20 |
1st Quartile #2 of 15 |
1st Quartile
#4 of 15
(12/31/98) |
| Matthews Korea (MAKOX) |
Pacific ex-Japan |
3rd Quartile #40 of 53 |
4th Quartile #39 of 39 |
4th Quartile #32 of 37 |
1st Quartile #5 of 30 |
4th Quartile
#10 of 11
(1/3/95) |
| Asia Small Company Strategy |
| Matthews Asia Small Companies (MSMLX) |
Pacific ex-Japan |
1st Quartile
#4 of 53 |
n/a |
n/a |
n/a |
1st Quartile
#4 of 49 (9/15/08)
|
| Asia Specialty Strategy |
| Matthews Asian Technology (MATFX) |
Global Science and Technology |
2nd Quartile #33 of 77 |
3rd Quartile #41 of 64 |
1st Quartile #1 of 58 |
1st Quartile #1 of 19 |
1st Quartile
#1 of 19
(12/27/99) |
Past performance does not guarantee future results.
* To better reflect its investment strategy, the Fund’s name changed from Matthews Asia Pacific Equity Income Fund to Matthews Asia Dividend Fund on November 30, 2009.
