MAKOX — Matthews Korea Fund
Data updated: 2023-08-28
MAKOX — Matthews Korea Fund. Europe Blend / Core Equity · $65.11M AUM · 1.22% expense ratio · -10.9% 1-yr return. Holdings, fees, performance and SEC filings.
MAKOX Fund Overview
MAKOX — Matthews Korea Fund is a US mutual fund managed by Matthews International Funds, categorised as Europe Blend / Core 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: Europe Blend / Core Equity
- Assets under management: $65.11M
- 1-year return: -10.9%
- Ticker: MAKOX
- SEC CIK: 0000923184
- SEC series ID: S000001031
- Share class ID: C000002788
MAKOX Investment Objective and Strategy
Matthews Korea Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Matthews International Funds.
Investment objective
Long-term capital appreciation.
Principal investment strategy
Under normal market conditions, the Matthews Korea Fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in South Korea. 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. The Fund may also invest in depositary receipts, including American, European and Global Depositary Receipts. The Fund seeks to invest in companies capable of sustainable growth based on the fundamental characteristics of those companies, including balance sheet information; number of employees; size and stability of cash flow; managements depth, adaptability and integrity; product lines; marketing strategies; corporate governance; and financial health. Matthews expects that the companies in which the Fund invests typically will be of medium or large size, but the Fund may invest in companies of any size.
Matthews measures a companys size with respect to fundamental criteria such as, but not limited to, market capitalization, book value, revenues, profits, cash flow, dividends paid and number of employees.
MAKOX Performance
Total returns for MAKOX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -10.9% |
| 3 years (annualised) | 7.7% |
MAKOX Risk Information
Risk metrics for MAKOX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 33.5%
MAKOX Costs and Fees
MAKOX costs about $122 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.22%
- Gross expense ratio: 1.22%
- Portfolio turnover: 57%
- Brokerage commissions: 17.24 bps of average net assets (SEC N-CEN)
MAKOX Cashflows
Over the 12 months to 2023-06, Matthews Korea Fund had net inflows of $189.35M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | $129.25M |
| 2023-05 | $2.17M |
| 2023-04 | $10.57M |
| 2023-03 | $1.25M |
| 2023-02 | $4.77M |
| 2023-01 | $5.23M |
MAKOX Debt Constituents
No individual debt constituents are reported in Matthews Korea Fund's latest SEC N-PORT filing.
MAKOX Prospectus and SEC Filings
Official Matthews Korea Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-28
- Prospectus (485BPOS) — filed 2022-04-28
- Prospectus (485BPOS) — filed 2021-04-30
- Portfolio holdings (N-PORT) — filed 2023-08-28
- Portfolio holdings (N-PORT) — filed 2023-05-23
- Portfolio holdings (N-PORT) — filed 2023-02-23
- Annual census (N-CEN) — filed 2023-03-09
- Annual census (N-CEN) — filed 2022-03-11
Related Funds
Other Europe Blend / Core Equity funds tracked on ABC INVEST:
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.