MIAPX Performance — Matthews Asia Growth Fund, Institutional Class
Data updated: 2026-08-24
MIAPX returned +58.67% year to date and +76.67% over one year to Jun 2026. Annualised returns are +29.48% over 3 years and +3.06% over 5 years. The fund beat its Asia-Pacific Equity category average: $100 invested three years ago grew to $217, against $172 for the category, and to $177 over one year, against $137. Volatility over the past three years was 22.41% a year. In the 12 months to Jun 2026 the fund lost a net $33.3M, and assets reached $315.70M.
MIAPX Growth of $100
What $100 invested in Matthews Asia Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Asia-Pacific Equity category average over the same months.
| Period | MIAPX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $177 | $137 |
| 3 years (Jul 2023 – Jun 2026) | $217 | $172 |
| 5 years (Jul 2021 – Jun 2026) | $116 | $136 |
| Since data start (Jul 2019 – Jun 2026) | $197 | $192 |
MIAPX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +58.67% |
| 1 year | +76.67% |
| 3 years (annualised) | +29.48% |
| 5 years (annualised) | +3.06% |
MIAPX Annual Returns
Calendar-year total returns of Matthews Asia Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +58.67% |
| 2025 | +20.72% |
| 2024 | +8.26% |
| 2023 | +3.69% |
| 2022 | −33.00% |
| 2021 | −14.56% |
| 2020 | +47.01% |
| 2019 (Jul–Dec) | +9.03% |
MIAPX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +7.8% | +7.9% | −10.3% | +24.7% | +20.1% | +1.4% | — | — | — | — | — | — |
| 2025 | +0.7% | −0.2% | −1.1% | −0.1% | +4.8% | +4.1% | +1.8% | +4.2% | +7.4% | +1.9% | −5.3% | +1.3% |
| 2024 | −2.8% | +7.6% | +2.5% | −3.6% | +2.8% | +3.2% | +0.4% | +1.4% | +3.3% | −3.6% | +0.5% | −3.0% |
| 2023 | +9.1% | −8.3% | +2.8% | −1.1% | −2.9% | +0.4% | +4.5% | −3.7% | −4.0% | −2.9% | +7.1% | +4.1% |
| 2022 | −13.4% | −4.6% | −5.1% | −8.6% | −2.3% | −1.9% | +2.1% | −1.8% | −12.0% | +0.1% | +11.7% | −1.1% |
| 2021 | +3.8% | +1.2% | −6.6% | +0.5% | +1.5% | +5.8% | −9.6% | +0.5% | −0.2% | −0.9% | −3.5% | −6.9% |
| 2020 | −2.6% | −2.9% | −12.4% | +11.3% | +8.4% | +8.5% | 0.0% | +7.3% | −0.4% | +1.9% | +13.5% | +9.5% |
| 2019 | — | — | — | — | — | — | +0.5% | −1.2% | +0.2% | +3.6% | +3.9% | +1.9% |
MIAPX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 22.41%
- 3-year Sharpe ratio: 1.11 (vs 4.5% risk-free rate)
- Best month: +24.73% (Apr 2026)
- Worst month: −10.29% (Mar 2026)
MIAPX Fund Flows
Monthly money in and out of Matthews Asia Growth Fund, from SEC Form N-PORT.
- 12-month net flow: −$33.3M
- 12-month gross sales (incl. reinvestments): $31.1M
- Sales ÷ redemptions: 0.48×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $9.1M | $7.4M | $1.7M |
| May 2026 | $8.4M | $5.7M | $2.8M |
| Apr 2026 | $2.2M | $7.4M | −$5.2M |
| Mar 2026 | $1.0M | $4.6M | −$3.6M |
| Feb 2026 | $1.1M | $2.9M | −$1.8M |
| Jan 2026 | $2.3M | $4.9M | −$2.6M |
| Dec 2025 | $2.1M | $4.4M | −$2.3M |
| Nov 2025 | $1.1M | $3.0M | −$1.9M |
| Oct 2025 | $1.7M | $4.9M | −$3.3M |
| Sep 2025 | $867K | $6.7M | −$5.9M |
| Aug 2025 | $299K | $6.8M | −$6.5M |
| Jul 2025 | $898K | $5.6M | −$4.7M |
MIAPX Assets Under Management
Net assets of Matthews Asia Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $315.70M |
| 2026-03-31 | $209.15M |
| 2025-12-31 | $207.68M |
| 2025-09-30 | $220.00M |
| 2025-06-30 | $209.44M |
| 2025-03-31 | $215.15M |
| 2024-12-31 | $237.14M |
| 2024-09-30 | $314.37M |
| 2024-06-28 | $341.93M |
| 2024-03-28 | $362.95M |
| 2023-12-29 | $371.63M |
| 2023-09-29 | $421.36M |
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.