MAINX — Matthews Asia Strategic Income Fund

MAINX Fund Overview

MAINX — Matthews Asia Strategic Income Fund is a US mutual fund managed by Matthews International Funds, categorised as China Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Matthews International Funds
• Category: China Value Equity
• Assets under management: $43.58M
• 1-year return: -10.2%
• Ticker: MAINX
• SEC CIK: 0000923184
• SEC series ID: S000034706
• Share class ID: C000106893

MAINX Investment Objective and Strategy

Matthews Asia Strategic Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Matthews International Funds.

Investment objective

Total return over the long term, with an emphasis on income.

Principal investment strategy

Under normal market conditions, the Matthews Asia Strategic Income 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. The Fund intends to achieve its investment objective by investing in income-generating securities across currencies and the capital structure. Investments may be denominated in any currency, and may represent any part of a companys capital structure from debt to equity or with features of both. Debt and debt-related instruments typically include bonds, debentures, bills, securitized instruments (which are vehicles backed by pools of assets such as loans or other receivables), notes, certificates of deposit and other bank obligations, bank loans, senior secured bank debt, convertible debt securities (including contingent capital financial instruments or CoCos), exchangeable bonds, credit-linked notes, inflation-linked instruments, repurchase agreements, payment-in-kind securities and derivative instruments with fixed income characteristics.

Asia consists of all countries and markets in Asia, such as China and India, and includes developed, emerging, and frontier countries and markets in the Asian region. A company or other issuer is considered to be located in a country or a region, and a security or instrument will deemed to be an Asian (or specific country) security or instrument, if it has substantial ties to that country or region. Matthews currently makes that determination based primarily on one or more of the following criteria: (A) with respect to a company or issuer, whether (i) it is organized under the laws of that country or any country in that region; (ii) it derives at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed, or has at least 50% of its assets located, within that country or region; (iii) it has the primary trading markets for its securities in that country or region; (iv) it has its principal place of business in or is otherwise headquartered in that country or region; or (v) it is a governmental entity or an agency, instrumentality or a political subdivision of that country or any country in that region; and (B) with respect to an instrument or issue, whether (i) its issuer is headquartered or organized in that country or region; (ii) it is issued to finance a project with significant assets or operations in that country or region; (iii) it is secured or backed by assets located in that country or region; (iv) it is a component or its issuer is included in a recognized securities index for the country or region; or (v) it is denominated in the currency of an Asian country and addresses at least one of the other above criteria.

The term located and the associated criteria listed above have been defined in such a way that Matthews has latitude in determining whether an issuer should be included within a region or country. Up to 50% of the Funds total net assets may be invested in securities of issuers from a single country (including the government of that country, its agencies, instrumentalities and political subdivisions), and up to 25% of the Funds total net assets, may be invested in the securities issued by any one Asian government (including its agencies, instrumentalities and political subdivisions). The Fund may engage in derivative transactions for speculative purposes as well as to manage credit, interest rate and currency exposures of underlying instruments or market exposures. The Fund may use a variety of derivative instruments, including for example, forward contracts, option contracts, futures and options on futures, and swaps (including interest rate swaps, credit default swaps, options or swaptions).

The Fund may seek to take on or hedge credit, currency, and interest rate exposure by using derivatives, and, as a result, the Funds exposure to credit, currency, and interest rates could exceed the value of the Funds assets denominated in that currency and could exceed the value of the Funds net assets. Although the Fund will not limit its foreign currency exposure and may invest without limitation in non-U.S. dollar-denominated securities and instruments, it will not normally seek to hedge its exposure to foreign currencies. The Fund is permitted to invest in debt securities of any quality, including high yield debt securities rated below investment grade (commonly referred to as junk bonds) and unrated debt securities. The Fund has no stated maturity or duration target and the average effective maturity or duration target may change.

Matthews has implemented risk management systems to monitor the Fund to reduce the risk of loss through overemphasis on a particular issuer, country, industry, currency, or interest rate regime. The implementation of the principal investment strategies of the Fund may result in concentration from time to time in one or more sectors, including the financial services sector, but the Fund may invest in companies in any sector.

MAINX Performance

Total returns for MAINX (as of 2026-10-01), from SEC filings.

MAINX Risk Information

Risk metrics for MAINX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 28.1%

MAINX Costs and Fees

MAINX costs about $105 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.05%
• Gross expense ratio: 1.05%
• Portfolio turnover: 62%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

MAINX Cashflows

Over the 12 months to 2022-12, Matthews Asia Strategic Income Fund had net inflows of $76.27M, from monthly SEC N-PORT filings.

MAINX Debt Constituents

No individual debt constituents are reported in Matthews Asia Strategic Income Fund's latest SEC N-PORT filing.

MAINX Prospectus and SEC Filings

Official Matthews Asia Strategic Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-04-28
• Prospectus (485BPOS) — filed 2021-04-30
• Prospectus (485BPOS) — filed 2020-05-07
• Portfolio holdings (N-PORT) — filed 2023-02-23
• Portfolio holdings (N-PORT) — filed 2022-11-28
• Portfolio holdings (N-PORT) — filed 2022-08-19
• Annual census (N-CEN) — filed 2023-03-09
• Annual census (N-CEN) — filed 2022-03-11

Related Funds

Other China Value Equity funds tracked on ABC INVEST:

• AC ONE China Fund (ACOCX)
• Guinness Atkinson Asia Pacific Dividend Builder Fund (GAADX)
• YieldMax® KWEB Option Income Strategy ETF (KWBY)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.