MCRDX Performance — Matthews Asia Credit Opportunities Fund, Investor Class
Data updated: 2023-03-09
MCRDX returned −13.27% over one year to Dec 2022. The annualised 3-year return is −6.14%. The fund trailed its Bond category average: $100 invested three years ago grew to $83, against $94 for the category, and to $87 over one year, against $88. Volatility over the past three years was 13.84% a year. In the 12 months to Dec 2022 the fund took in a net $31.6M, and assets reached $29.25M.
MCRDX Growth of $100
What $100 invested in Matthews Asia Credit Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Bond category average over the same months.
| Period | MCRDX | Category average |
|---|---|---|
| 1 year (Jan 2022 – Dec 2022) | $87 | $88 |
| 3 years (Jan 2020 – Dec 2022) | $83 | $94 |
| Since data start (Jul 2019 – Dec 2022) | $86 | $97 |
MCRDX Trailing Returns
Total returns to Dec 2022, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −13.27% |
| 3 years (annualised) | −6.14% |
MCRDX Annual Returns
Calendar-year total returns of Matthews Asia Credit Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2022 | −13.27% |
| 2021 | −6.35% |
| 2020 | +1.81% |
| 2019 (Jul–Dec) | +3.62% |
MCRDX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | −3.7% | −3.8% | −2.3% | −0.2% | −2.6% | −6.5% | −2.5% | +2.4% | −2.8% | −7.3% | +8.5% | +8.0% |
| 2021 | −1.1% | +0.4% | −2.1% | −0.8% | +0.2% | +1.3% | −1.7% | +3.9% | −1.2% | −1.7% | −4.7% | +1.3% |
| 2020 | +0.4% | +0.4% | −13.4% | +3.0% | +2.2% | +3.6% | +1.5% | +2.5% | −0.9% | +0.4% | +1.9% | +1.2% |
| 2019 | — | — | — | — | — | — | +1.0% | −0.2% | +0.7% | +0.9% | 0.0% | +1.2% |
MCRDX Risk
Risk measures from monthly returns over Jan 2020 – Dec 2022.
- 3-year volatility (annualised): 13.84%
- 3-year Sharpe ratio: -0.77 (vs 4.5% risk-free rate)
- Best month: +8.47% (Nov 2022)
- Worst month: −13.38% (Mar 2020)
MCRDX Fund Flows
Monthly money in and out of Matthews Asia Credit Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: $31.6M
- 12-month gross sales (incl. reinvestments): $13.2M
- Sales ÷ redemptions: -0.72×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2022 | $1.1M | −$853K | $1.9M |
| Nov 2022 | $179K | −$560K | $740K |
| Oct 2022 | $206K | −$2.1M | $2.3M |
| Sep 2022 | $6.0M | −$711K | $6.7M |
| Aug 2022 | $199K | −$307K | $506K |
| Jul 2022 | $469K | −$636K | $1.1M |
| Jun 2022 | $609K | −$3.9M | $4.5M |
| May 2022 | $672K | −$3.8M | $4.4M |
| Apr 2022 | $691K | −$321K | $1.0M |
| Mar 2022 | $671K | −$2.0M | $2.6M |
| Feb 2022 | $957K | −$2.5M | $3.4M |
| Jan 2022 | $1.5M | −$867K | $2.4M |
MCRDX Assets Under Management
Net assets of Matthews Asia Credit Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2022-12-30 | $29.25M |
| 2022-09-30 | $29.52M |
| 2022-06-30 | $25.57M |
| 2022-03-31 | $34.92M |
| 2021-12-31 | $41.44M |
| 2021-09-30 | $98.99M |
| 2021-06-30 | $96.43M |
| 2021-03-31 | $90.59M |
| 2020-12-31 | $90.58M |
| 2020-09-30 | $90.99M |
| 2020-06-30 | $92.53M |
| 2020-03-31 | $88.67M |
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.