Matthews Asia Funds - Asia Dividend Fund A Acc USD

銘基亞洲基金 - 亞洲股息基金 A類 Acc 美元

LU0491817952

Risk Rating: Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.25%

HKD5,000.00Min. Subscription

EUR / GBP / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

-

  • The fund has been suspended for further subscription since 2019-03-20.
*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+2.76%
3 mth
+9.66%
6 mth
+6.13%
1 yr
+6.26%
3 yr
+23.88%
5 yr
+29.67%

Analytical Figures (3 years)

Annualized Return
+7.40%
Annualized Volatility
+12.19%
Sharpe Ratio
+0.38

Fund Information

Fund Houses
Matthews Asia
Launch Date
2010-08-25
Fund Manager
Yu Zhang
Vivek Tanneeru
Robert J. Horrocks
Manager Start Date
Yu Zhang (Start Date: 2013-07-19) Robert J. Horrocks (Start Date: 2011-03-22) Vivek Tanneeru (Start Date: 2014-05-01) Sherwood Zhang
Geographical Focus
Asia Pacific
Asset Class/ Sector
Equity - All cap
Risk Rating
Risk Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-11-14)
USD 400,454,238.53
Management Fee
1.25%
Latest Dividend
USD 0.056200 (2012-09-18)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.25%

HKD5,000.00Min. Subscription

EUR / GBP / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

-

  • The fund has been suspended for further subscription since 2019-03-20.

Dividend Records

Dividend DateDividend Records (USD)
2012-09-180.056200

Investment Objective

The Sub-Fund seeks to provide a level of current income that is higher than the yield generally available in Asia Pacific equity markets over the long term.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
General Investment Risk
The Sub-Fund’s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Sub-Fund may suffer losses. There is no guarantee of the repayment of principal.
1. Dividend Paying Equities Risk
There can be no guarantee that companies that the Sub-Fund invests in, and which have historically paid dividends, will continue to pay them or to pay them at the current rates in the future. A reduction or discontinuation of dividend payments may have a negative impact on the value of the Sub-Fund’s holdings in these companies and, consequently, the NAV of the Sub-Fund.
2. Equity Market Risk
The Sub-Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.
3. Concentration Risk
The Sub-Fund’s investments are concentrated in the Asia Pacific region. The value of the Sub-Fund may be more volatile than that of a fund having a more diverse portfolio of investments. The value of the Sub-Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the Asia Pacific region.
4. Risk Associated with High Volatility of the Equity Market in the Asia Pacific Region
High market volatility and potential settlement difficulties in the markets may also result in significant fluctuations in the prices of the securities traded on such markets and thereby may adversely affect the value of the Sub-Fund.
5. Risk Associated with Regulatory Requirements of the Equity Market in the Asia Pacific Region Securities exchanges in the Asia Pacific region typically have the right to suspend or limit trading in any security traded on the relevant exchange. The government or the regulators may also implement policies that may affect the financial markets. All these may have a negative impact on the Sub-Fund.
6. Emerging Markets Risk
The Sub-Fund invests in emerging markets which may involve increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.
7. Currency Risk
Underlying investments of the Sub-Fund may be denominated in currencies other than the base currency of the SubFund. Also, a class of shares may be designated in a currency other than the base currency of the Sub-Fund. The NAV of the Sub-Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.
8. Risk Associated with Smaller Companies
Larger portions of smaller companies may be held by a small number of investors (including founders and management) in such companies than is typical of larger companies. As a result, the rights of minority owners may be restricted or not fully respected in corporate governance or corporate actions. Securities of smaller companies may
trade less frequently, in lower volumes and with less liquidity and be subject to greater price movements than more widely held securities or the securities of larger, more established companies, or the market indices in general.
9. Risk Associated with Investment in China A Shares
The Sub-Fund may invest in securities of companies based in the People’s Republic of China (“PRC”), listed and traded on China’s domestic stock exchanges and denominated in renminbi (“China A Shares”). The Sub-Fund’s investment in China A Shares is subject to general market risks, whose value may fluctuate due to various factors, such as changes in
investment sentiment, political and economic conditions and issuer-specific factors. Investments in China A Shares may Matthews Asia Funds Asia Dividend Fund be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events
affecting the PRC. China A Shares may have lower liquidity and their prices are more volatile to adverse economic developments than those of securities traded in a more developed market.
10. RMB Currency and Conversion Risk
Renminbi (“RMB”) is currently not freely convertible and is subject to exchange controls and restrictions. Non-RMB based investors are exposed to foreign exchange risk and there is no guarantee that the value of RMB against the investors’ base currency (for example HKD) will not depreciate. Any depreciation of RMB could adversely affect the
value of investor’s investment in the Sub-Fund. Although offshore RMB (CNH) and onshore RMB (CNY) are the same currency, they trade at different rates. Any divergence between CNH and CNY may adversely impact investors.
11. Risk Associated with Investment made through QFII Regime
The Sub-Fund may suffer losses if there is insufficient QFII quota allocated for the Sub-Fund to make investments, the approval of the QFII status of the Investment Manager is being revoked, terminated or otherwise invalidated as the Sub-Fund may be prohibited from trading of relevant securities and repatriation of the Sub-Fund’s monies, or if any of
the key operators or parties (including the QFII custodian or brokers) is bankrupt, in default, or is disqualified from performing its obligations (including execution or settlement of any transaction or transfer of monies or securities).
12. Risk Associated with the Stock Connects
The relevant rules and regulations on the Stock Connects are subject to change which may have potential retrospective effect. The Stock Connects are subject to quota limitations. Where a suspension in the trading through the program is effected, the Sub-Fund’s ability to invest in China A Shares or access the PRC market through the program will be
adversely affected. In such event, the Sub-Fund’s ability to achieve its investment objective could be negatively affected.
13. PRC Tax Risk
There are risks and uncertainties associated with the current PRC tax laws, regulations and practice in respect of capital gains realized via QFII quota or Stock Connects or access products on the Sub-Fund’s investments in the PRC (which may have retrospective effect). Any increased tax liabilities on the Sub-Fund may adversely affect the Sub-Fund’s value.
Because the Sub-Fund did not hold any China A Shares prior to 17 November 2014, based on professional and independent tax advice, the Sub-Fund will not make any provisions for tax on gross realized or unrealized capital gains derived from trading China A Shares.
14. Risk Relating to Dividends Paid out of Capital
Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the NAV per share of the Sub-Fund.
15. Non-hedging Risk
The Sub-Fund does not currently use hedging techniques to attempt to offset certain market risks. Hedging against a decline in the value of a portfolio position seeks to establish other positions which are designed to gain from the decline in the value of a portfolio position and, thus, moderate the values of, or prevent losses to, the Sub-Fund, if the
value of its portfolio position declines. Non-use of hedging techniques may expose the Sub-Fund to the risk of full losses resulting from the decline in the value of its portfolio positions, thereby subjecting its NAV to greater fluctuation than if
such hedging techniques had been utilized.

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