Fund Evaluator:

Matthews Asia Growth Instl Overview

Matthews Asia Growth Instl (MIAPX) is an actively managed International Equity Focused Region fund. Matthews Asia Funds launched the fund in 2010.

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 Asia. It may also invest in convertible securities, of any duration or quality, including those that are unrated, or would be below investment grade if rated, of Asian companies. Asia consists of all countries and markets in Asia, and includes developed, emerging, and frontier countries and markets in the Asian region.

About Matthews Asia Growth Instl (MIAPX)

There are 2 members of the management team with an average tenure of 1.63 years: Tiffany Hsiao (2026), Shuntaro Takeuchi (2023). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI AC Asia Pacific NR USD index with a weighting of 100%. Matthews Asia Growth Instl has 71 securities in its portfolio. The top 10 holdings constitute 34.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Matthews Asia Growth Instl is part of the Equity global asset class and is within the International Equity fund group. Matthews Asia Growth Instl has 88.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.8%. There is 88.2% 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 Asia Growth Instl has 11.0% of the portfolio in cash.

Assets Under Management

The fund has $114 million in total assets, which is below the $1 billion average for the Focused Region 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.

MIAPX 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 Asia Growth Instl expense ratio is high compared to funds in the Focused Region category. Matthews Asia Growth Instl has an expense ratio of 1.19%, which is 10% higher than its category average, making the fund expense ratio grade a C. 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 Asia Growth Instl has a portfolio turnover rate of 95%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 37% for the Focused Region category.

Recently, in the month of August 2026, Matthews Asia Growth Instl returned 3.1%, which earned it a grade of D, as the Focused Region category had an average return of 3.2%. 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 Asia Growth Instl has a trailing yield of 0.00%, which is below the 2.28% 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 Asia Growth Instl Grades

Year to date, the fund has returned 35.6%, 18.6 percentage points better than the category, which translates into a grade of A. The fund has returned 42.4% over the past year (grade of A), 22.6% over the past three years (grade of B) and 1.8% per year over the past five years (grade of F) and 8.0% per year over the past 10 years (grade of D).

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