Fund Evaluator:

Matthews Emerging Markets Sust Fut Inv Overview

Matthews Emerging Markets Sust Fut Inv (MASGX) is an actively managed International Equity Diversified Emerging Mkts fund. Matthews Asia Funds launched the fund in 2015.

The investment seeks long-term capital appreciation. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in emerging market countries that satisfy one or more of the fund’s environmental, social and governance (“ESG”) standards. The fund may also invest in companies located in developed countries; however, the fund may not invest in any company located in a developed country if, at the time of purchase, more than 20% of the fund’s assets are invested in developed market companies.

About Matthews Emerging Markets Sust Fut Inv (MASGX)

There are 3 members of the management team with an average tenure of 3.98 years: Vivek Tanneeru (2015), Sean Taylor (2026), Kathlyn Collins (2026). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EM NR USD index with a weighting of 100%. Matthews Emerging Markets Sust Fut Inv has 66 securities in its portfolio. The top 10 holdings constitute 45.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.

Matthews Emerging Markets Sust Fut Inv is part of the Equity global asset class and is within the International Equity fund group. Matthews Emerging Markets Sust Fut Inv has 91.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 7.1%. There is 91.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Matthews Emerging Markets Sust Fut Inv has 1.7% of the portfolio in cash.

Assets Under Management

The fund has $30 million in total assets, which is below the $1 billion average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

MASGX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Matthews Emerging Markets Sust Fut Inv expense ratio is high compared to funds in the Diversified Emerging Mkts category. Matthews Emerging Markets Sust Fut Inv has an expense ratio of 1.35%, which is 17% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Matthews Emerging Markets Sust Fut Inv has a portfolio turnover rate of 60%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.

Recently, in the month of June 2026, Matthews Emerging Markets Sust Fut Inv returned 4.8%, which earned it a grade of A, as the Diversified Emerging Mkts category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Matthews Emerging Markets Sust Fut Inv has a trailing yield of 3.75%, which is above the 1.58% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Matthews Emerging Markets Sust Fut Inv Grades

Year to date, the fund has returned 48.7%, 23.0 percentage points better than the category, which translates into a grade of A. The fund has returned 63.7% over the past year (grade of A), 21.1% over the past three years (grade of C) and 10.0% per year over the past five years (grade of A) and 13.6% per year over the past 10 years (grade of A).

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