MICFX — Matthews China Fund
Data updated: 2026-08-24
MICFX — Matthews China Fund. Emerging Markets Small Cap Blend / Core Equity · $397.84M AUM · 1.13% expense ratio. Holdings, fees, performance and SEC filings.
MICFX Fund Overview
MICFX — Matthews China Fund is a US mutual fund managed by Matthews International Funds, categorised as Emerging Markets Small Cap 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: Emerging Markets Small Cap Blend / Core Equity
- Assets under management: $397.84M
- 1-year return: 18.7%
- Ticker: MICFX
- SEC CIK: 0000923184
- SEC series ID: S000001032
- Share class ID: C000093224
MICFX Holdings
Top 10 holdings of Matthews China Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Tencent Holdings Ltd. | 11.67% |
| Alibaba Group Holding Ltd. | 5.25% |
| Jiangsu Zhongtian Technology Co. Ltd. | 4.73% |
| Kingboard Holdings Ltd. | 4.68% |
| China International Capital Corp. Ltd. | 3.23% |
| Ping An Insurance (group) Company Of China Ltd. | 2.87% |
| Meituan LLC | 2.73% |
| China Merchants Securities Co. Ltd. | 2.68% |
| China Life Insurance Company Ltd. | 2.61% |
| Montage Technology Co Ltd | 2.36% |
MICFX Portfolio Allocation
Asset-class allocation of Matthews China Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.8% |
MICFX Performance
Total returns for MICFX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.8% |
| 1 year | 18.7% |
| 3 years (annualised) | 13.0% |
| 5 years (annualised) | -4.7% |
MICFX Risk Information
Risk metrics for MICFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.8%
MICFX Costs and Fees
MICFX costs about $113 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.13%
- Gross expense ratio: 1.13%
- Portfolio turnover: 37%
- Brokerage commissions: 9.05 bps of average net assets (SEC N-CEN)
MICFX Cashflows
Over the 12 months to 2026-06, Matthews China Fund had net outflows of $43.70M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$6.20M |
| 2026-05 | −$2.42M |
| 2026-04 | −$12.71M |
| 2026-03 | −$3.62M |
| 2026-02 | −$4.41M |
| 2026-01 | −$7.89M |
MICFX Debt Constituents
No individual debt constituents are reported in Matthews China Fund's latest SEC N-PORT filing.
MICFX Prospectus and SEC Filings
Official Matthews China Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-30
- Prospectus (485BPOS) — filed 2025-04-30
- Prospectus (485BPOS) — filed 2024-04-29
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-21
- Portfolio holdings (N-PORT) — filed 2026-02-23
- Annual census (N-CEN) — filed 2026-03-10
- Annual census (N-CEN) — filed 2025-03-12
Related Funds
Other Emerging Markets Small Cap 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.