(PUB) Investing 2016
5
October 2 016
Morningstar FundInvestor
Data through September 30, 2016 FINRA members: For internal or institutional use only. Matthews Asian Growth & Inc Investor
Ticker MACSX
Yield 1.9%
Total Assets $3,100 mil
Mstar Category Pacific/Asia ex-Japan Stk
Benchmark 1: MSCI AC Far East Ex Japan NR USD Benchmark 2: MSCI ACWI Ex USA NR USD Morningstar Analyst Rating 09-26-16 „
Investment Style Equity
Historical Profile Return Risk Rating Average Low QQQ Neutral
1 1 4 4 4 4 4 4
12.5 15.0 17.5 20.0 22.5
Growth of $10,000
Investment Values of Fund Investment Values of Benchmark 1
Morningstar Pillars Process
∞ Positive ∞ Positive ∞ Positive ∞ Positive ∞ Positive
Performance
10.0
People Parent
Performance Quartile (within Category)
) ) & ) ( & & & ) & ( 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 09-16 18.68 19.78 11.49 15.77 18.04 15.07 18.61 18.91 18.01 16.03 17.56 23.38 21.54 -32.07 41.44 19.18 -10.62 26.90 4.83 -0.65 -4.50 10.51 -8.36 -14.95 18.50 -27.45 -0.27 4.16 4.88 1.07 -3.81 5.01 -2.65 -3.27 4.89 13.46 -0.01 8.02 3.09 10.06 -10.46 3.22 1.16 4.69 3.63 4.97 2.13 3.85 3.02 2.65 3.14 2.49 1.84 2.34 0.92 19.75 16.57 -34.20 37.59 16.16 -13.27 23.76 2.34 -2.49 -6.85 9.59 0.62 0.90 0.41 0.44 0.47 0.47 0.47 0.46 0.35 0.42 0.15 1.77 2.00 1.67 0.00 0.24 0.61 0.00 0.12 0.44 0.76 0.00 1.20 1.16 1.16 1.18 1.13 1.12 1.11 1.08 1.08 1.09 1.11 2.27 2.59 3.19 3.47 2.47 2.71 2.52 2.14 2.03 2.17 1.79 84 92 1 97 60 11 24 25 96 24 65
Price
History
Morningstar Analyst Rating Morningstar evaluates mutual funds based on five key pillars, which its analysts believe lead to funds that are more likely to outperform over the long term on a risk-adjusted basis. Analyst Rating Spectrum Œ „ ´ ‰ Á
NAV
Total Return % +/- Bmark 1 +/- Bmark 2 Income Return % Capital Return % Capital Gains $ Expense Ratio % Income Ratio % Turnover Rate % Net Assets $mil Total Rtn % Rank Cat Income $
Pillar Spectrum ∞ Positive
§ Negative
¶ Neutral
Performance 09-30-16 1st Qtr 2nd Qtr
3rd Qtr
4th Qtr
Total
2012 2013 2014 2015 2016
11.02 -1.35 10.37 4.99 26.90 4.41 -2.52 1.87 1.10 4.83 0.48 4.41 -1.88 -3.49 -0.65 2.00 1.43 -10.26 2.86 -4.50
.
28
28
25
18
20
17
17
15
17
16
2,021 2,273 1,085 2,545 3,922 2,344 3,206 3,277 3,055 2,053 2,043
Rating and Risk Time Period Load-Adj Return %
Portfolio Analysis 06-30-16 Total Stocks: 53 Share change since 03-31-16
4.05 2.88 3.23
— —
Morningstar Rtn vs Cat
Morningstar Risk vs Cat
Morningstar Risk-Adj Rating
Sector
Country
% Assets
Trailing
Total Return%
+/- Bmark 1
+/- Bmark 2
%Rank Cat
Growth of $10,000
AIA Group Ltd
Finan Svcs Hong Kong
3.65 2.64 2.49 2.41 2.41 2.35 2.28 2.27 2.25 2.23 2.20 2.17 2.15 2.06 2.05 1.99 1.98 1.96 1.95 1.93
1 Yr 3 Yr 5 Yr
13.68
3 Mo 6 Mo
3.23 -7.39 -3.68 6.20 -4.47 -0.02 13.68 -4.43 4.42 1.96 -0.84 1.78 7.13 0.04 1.09 6.81 0.79 4.65
100 10,323 100 10,620 79 11,368 86 10,601 82 14,111 60 19,328 68 52,453
Jardine Matheson Holdings
Industrl
Hong Kong
Low QQ Low QQQ Low QQQQ
1.96 7.13 6.81 9.58
-Avg -Avg
Genting Malaysia Bhd
Cnsmr Cyc Malaysia
1 Yr
CLP Holdings Ltd
Utilities
Hong Kong
10 Yr Incept
Avg
3 Yr Avg 5 Yr Avg 10 Yr Avg
T SkyCity Entertainment Gro Singapore Telecommunicati
Cnsmr Cyc New Zealand Comm Svcs Singapore
China Mobile Ltd ADR
Comm Svcs China
Other Measures
Standard Index
Best Fit Index
15 Yr Avg 11.68 0.40 5.12
Ascendas Real Estate Inve
Real Est
Singapore
Alpha
1.8
2.0
KDDI Corp
Comm Svcs Japan
Beta
0.75
0.61
Tax Analysis
Tax Adj Rtn% %Rank Cat Tax-Cost Rat %Rank Cat
Y Japan Tobacco Inc
Cnsmr Def Cnsmr Def
Japan
R-Squared
78
87
3 Yr (estimated) 5 Yr (estimated) 10 Yr (estimated)
0.44 5.62 4.94
87 85 65
1.49 1.41 1.75
80 96
KT&G Corp
South Korea Hong Kong Hong Kong
Standard Deviation
10.79
Guangdong Investment Ltd.
Utilities Industrl
100
Mean
1.96 0.22
Y Techtronic Industries Co United Overseas Bank Ltd
Sharpe Ratio
Finan Svcs Singapore
Potential Capital Gain Exposure: 18% of assets
Singapore Technologies En
Industrl
Singapore
Morningstar's Take by William Samuel Rocco 09-26-16 Matthews Asian Growth & Income merits a Morningstar Analyst Rating of Silver because it has several appealing traits, including an attractive strategy that is quite distinctive as well as rather conservative. Co-lead managers Robert Horrocks and Kenneth Lowe invest individend-payingcommonstocks,preferred equities, and convertible and other bonds, whereas all of their peers focus exclusively or nearly exclusively on common stocks and many of them favor bolder, fast- growing equities. This fund’s geographic range is also relatively broad, because the managers regularly invest in the region’s developed markets--including Australia and Japan--while most of their counterparts do not. But the strategy is not tamer than the Pacific/Asia ex-Japan norm in every respect. The managers readily pile into areas and sectors that are packed with securities that meet their standards, so this fund normally has several sizable country and sector overweightings versus its average peer and its benchmark, the MSCI All Country Asia ex Japan Index. And the managers normally invest in roughly 50 to 60 names, whereas their typical
Taiwan Semiconductor Manu Technology Taiwan
Kangwon Land Inc
Cnsmr Cyc South Korea — South Korea Comm Svcs Indonesia Cnsmr Cyc United States
counterpart holds more than 100 stocks and the benchmark includes more than 600. This conservative but distinctive approach has served this fund well. Thanks to its reserved traits and the managers’ execution, the fund has consistently held up well in downturns, and it has been the least volatile member of its category by far--and much steadier than the index--over time. Although it has lagged in frothier rallies, it has posted solid results in others, so it has earned competitive total returns and superior risk- adjusted returns over the long run. Finally, Horrocks and Lowe have strong credentials as well as a great support team. The expense ratios are modest here, and Matthews has delivered good long-term results with all sorts of Asia offerings. As a result, this fund is a terrific Asia vehicle for the long run.
Lg Household&Healt Pfd PT Telekomunikasi Indones
Yum Brands Inc
Current Investment Style
Sector Weightings h Cyclical r BasicMat t CnsmrCyc y FinanSvcs u Real Est j Sensitive i CommSrvs o Energy p Industrl a Technlgy k Defensive s CnsmrDef d Hlthcare f Utilities
% of Stocks
Rel Bmark 1
Market Cap % Giant 47.9 Large 36.8 Mid 15.3 Small 0.0 Micro 0.0 Avg $mil: 14,788
Value Blend Growth
Large Mid Small
33.25 0.71 0.00 0.00 16.88 1.41 11.42 0.49 4.95 0.72 44.37 1.03 17.77 2.89 0.00 0.00 18.61 2.41 7.99 0.30 22.39 2.21 11.19 2.36 3.46 2.26 7.74 2.01
Value Measures
Rel Category
Price/Earnings 15.21
0.98 0.89 1.10 1.55 1.36 0.76 1.42 0.64 -0.12 0.12
Price/Book Price/Sales
1.71 1.79
Price/Cash Flow 10.63 Dividend Yield % 3.80
Growth Measures
% Rel Category
Long-Term Erngs 9.38
Regional Exposure % Stock UK/W. Europe 4 N. America 4 Japan 9 Latn America 0 Asia X Japan 83 Other 0
Book Value
8.37 3.27 -0.60
Sales
Address:
Four Embarcadero Center San Francisco CA 94111
Minimum Purchase: Min Auto Inv Plan:
$2500 Add: $100 IRA: $500
Cash Flow
$2500 Add: —
Historical Erngs 0.76
800-789-2742
Sales Fees:
No-load
Country Exposure Hong Kong 22 Singapore 16 South Korea 11
% Stock
Web Address:
www.matthewsasia.com/
Management Fee:
0.75% mx./0.60% mn., 0.14%A
Composition - Net Cash
Japan
9 7
Inception:
09-12-94
Actual Fees:
Mgt:0.66% Dist:0.00%
0.0 Bonds
0.0 9.9
Advisor:
Matthews International Cap Mgmt LLc
Expense Projections: 3Yr:$347 5Yr:$601 10Yr:$1329
Malaysia
Stocks 90.1 Other
Subadvisor:
None
Income Distribution:
Semi-Annually
Foreign (% of Stock)
95.9
A
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