MATFX Fees and Costs — Matthews Asia Innovators Fund, Investor Class
Data updated: 2026-08-24
The net expense ratio is 1.27%: a 0.72% management fee plus 0.55% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $587K in broker commissions, 0.2094% of average net assets, and portfolio turnover was 98%.
MATFX Fees and Expenses
Annual operating expenses and sales charges of MATFX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.27% |
| Fee waiver | — |
| Net expense ratio | 1.27% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MATFX Costs Over Time
On $10,000 invested in MATFX, assuming 5% a year before costs, total costs come to $917 over 5 years, cutting the return by 1.55% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.27%) | $133 | $414 | $714 |
| Trading costs (broker commissions) | $22 | $68 | $118 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $155 | $506 | $917 |
| Value after costs | $10,345 | $11,070 | $11,846 |
| Impact on return, per year | 1.55% | 1.55% | 1.55% |
MATFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2094%
- Total broker commissions: $587K
- Bought from dealers (principal trades, not a cost): $284K
- Portfolio turnover (prospectus): 98%
- Securities lending: none during the year
MATFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $96K | 21.94% |
| MORGAN STANLEY & CO. LLC | $55K | 12.66% |
| J.P. MORGAN SECURITIES LLC | $48K | 11.05% |
| UBS Securities LLC | $41K | 9.39% |
| MACQUARIE CAPITAL (USA), INC. | $37K | 8.61% |
| CITIGROUP GLOBAL MARKETS INC. | $34K | 7.74% |
| HSBC SECURITIES (USA) INC. | $33K | 7.64% |
| Daiwa Securities Group Inc. | $31K | 7.20% |
| CLSA SINGAPORE PTE LTD | $31K | 7.10% |
| SANFORD C. BERNSTEIN & CO., LLC | $29K | 6.67% |
MATFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $233K | 82.03% |
| China International Capital Corporation Limited | $51K | 17.97% |
Matthews Asia Innovators Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MITEX | Institutional Class | 1.13% | — |
| MATFX | Investor Class | 1.27% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.