Matthews Asia Dividend Fund Investor Class (MAPIX) is an open-end mutual fund that seeks total return with an emphasis on providing current income by investing at least 80% of its net assets in dividend-paying equity securities of companies located in Asia, including developed, emerging, and frontier markets; the fund may also invest in convertible debt and equity securities. The fund targets companies across all market capitalizations with a quality bias, focusing on sectors such as financials, information technology, and communication services; top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings, Ltd., and Samsung Electronics Co., Ltd., with significant geographic exposure to China/Hong Kong (30.9%), Japan (25.1%), Taiwan (13.6%), and South Korea (11.2%). Managed by Matthews Asia, an independent investment management firm founded in 1991 and headquartered in San Francisco, California, the fund operates primarily in the United States with a benchmark of the MSCI All Country Asia Pacific Index and a gross expense ratio of 1.20%.
In January 2025, the Asia Dividend Fund sub-fund within Matthews Asia Funds (Luxembourg-domiciled) merged into the Emerging Markets Equity Fund effective January 24, reflecting a strategic review and rationalization of the firm's fund range; subscriptions into the affected sub-fund were suspended from January 10, 2025. The U.S.-based MAPIX share class remains active and open to investors as of December 2025, with assets under management of approximately $539 million, ongoing portfolio management by Chief Investment Officer Sean Taylor and Portfolio Manager Sojung Park, and recent performance showing a YTD return of 23.51%.
Matthews Asia offers a broad range of Asia- and emerging markets-focused mutual funds, ETFs, and separate accounts for institutions, advisors, and individual investors globally; the firm emphasizes bottom-up fundamental research and active management across growth, income, and total return strategies.