Matthews China Dividend Fund
MICDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Four Embarcadero Center United States of America
- IPO Date
- Oct 29, 2010
- CIK
- 0000923184
- Similar Companies
- Business
- Matthews China Dividend Fund (MICDX) is an open-end mutual fund that seeks total return with an emphasis on providing current income above the yield generally available in Chinese equity markets. The fund pursues a total return strategy focused on accessing China's growth with lower volatility through an unconstrained all-cap portfolio exhibiting a quality bias; it invests primarily in income-paying equity securities and convertible securities of companies located in China, including mainland China, Hong Kong, and Taiwan, with flexibility to participate in both growth and value markets across sectors such as consumer cyclical, financial services, communication services, industrials, and consumer defensive. The Institutional Class shares (MICDX), launched on October 29, 2010, require a minimum initial investment of $100,000 and carry a net expense ratio of 1.19%, with the fund managed by Sherwood Zhang since April 2014, alongside Winnie Chwang and Andrew Mattock since December 2022; it is domiciled in the United States and part of Matthews Asia Funds, headquartered in San Francisco, California. The fund maintains geographic focus on emerging Asia (approximately 89.53% of assets), with developed Asia comprising 5.41%, and holds top positions in companies like Tencent Holdings Ltd., Alibaba Group Holding Ltd., Ping An Insurance, China Merchants Bank, and China Construction Bank, representing 33.55% of the portfolio; it targets quality dividend-paying companies to generate a trailing dividend yield while managing risks associated with emerging markets, including social and political instability, illiquidity, exchange-rate fluctuations, and single-country concentration. In a significant recent development, the Matthews China Dividend Fund intends to reorganize into the Matthews Asia Dividend Fund on or about January 27, 2026, expanding its investment scope beyond China to broader Asian markets; this reorganization, detailed in a combined prospectus/information statement, represents a major strategic shift to offer investors diversified exposure across Asia while maintaining the dividend-focused total return objective.