Matthews Asia Total Return Bond Fund
The Fund's name changed from Matthews Asia Strategic Income Fund to the Matthews Asia Total Return Bond Fund on January 31, 2020. For more information, please read our Q&A: Fixed Income Retooling
November 30, 2011
Seeks total return over the long term with an emphasis on income.
Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in income-producing securities including, but not limited to, dividend paying equity securities, and debt and debt-related instruments issued by governments, quasi-governmental entities, supra-national institutions, and companies in Asia. Investments may be denominated in any currency, and may represent any part of a company’s capital structure from debt to equity or with features of both.
The Matthews Asia Total Return Bond Fund intends to distribute its income monthly. Year end 2019 distributions were paid on December 17, 2019 to shareholders of record as of December 16, 2019. Year end distribution information is now available.
Investments in Asian securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Fixed income investments are subject to additional risks, including, but not limited to, interest rate, credit and inflation risks. Investing in emerging markets involves different and greater risks, as these countries are substantially smaller, less liquid and more volatile than securities markets in more developed markets.
The risks associated with investing in the Fund can be found in the prospectus.
Teresa Kong, CFA
*No Hong Kong based Co-Manager for the Matthews Asia Funds will exercise investment discretion for or on behalf of the funds in Hong Kong.
Fees & Expenses
Gross Expense Ratio
Portfolio Turnover 182.32%
Effective January 31, 2020, the Fund changed its benchmark to a blended benchmark comprised of 50% Markit IBoxx Asian Local Bond Index and 50% J.P. Morgan Asia Credit Index. Prior to January 31, 2020 the Fund's benchmark was the Markit iBoxx Asian Local Bond Index. Matthews believes that the blended benchmark is more appropriate in light of the Fund's current investment strategy.
As of May 1, 2016, the HSBC Asian Local Bond Index became the Markit iBoxx Asian Local Bond Index.
1The lesser of fiscal year 2018 long-term purchase costs or sales proceeds divided by the average monthly market value of long term securities.