MICSX Performance — Matthews Asian Growth and Income Fund, Institutional Class
Data updated: 2025-03-12
MICSX returned +10.10% over one year to Dec 2024. Annualised returns are −2.40% over 3 years and +1.59% over 5 years. Against its Asia-Pacific Equity category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $93, against $95 for the category, and to $110 over one year, against $109. Volatility over the past three years was 17.93% a year. In the 12 months to Dec 2024 the fund lost a net $97.4M, and assets reached $246.25M.
MICSX Growth of $100
What $100 invested in Matthews Asian Growth and Income 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 | MICSX | Category average |
|---|---|---|
| 1 year (Jan 2024 – Dec 2024) | $110 | $109 |
| 3 years (Jan 2022 – Dec 2024) | $93 | $95 |
| 5 years (Jan 2020 – Dec 2024) | $108 | $118 |
| Since data start (Jul 2019 – Dec 2024) | $112 | $125 |
MICSX Trailing Returns
Total returns to Dec 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +10.10% |
| 3 years (annualised) | −2.40% |
| 5 years (annualised) | +1.59% |
MICSX Annual Returns
Calendar-year total returns of Matthews Asian Growth and Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 | +10.10% |
| 2023 | +3.39% |
| 2022 | −18.31% |
| 2021 | +0.18% |
| 2020 | +16.17% |
| 2019 (Jul–Dec) | +3.93% |
MICSX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | −4.2% | +4.6% | +0.7% | +0.2% | +1.6% | +2.3% | +1.0% | +2.2% | +7.4% | −4.3% | −1.6% | +0.4% |
| 2023 | +8.9% | −5.5% | +2.8% | −1.4% | −2.2% | +2.5% | +2.5% | −6.4% | −2.8% | −2.9% | +6.0% | +3.1% |
| 2022 | −0.8% | −2.5% | −4.4% | −4.1% | +0.6% | −4.6% | −0.4% | −2.4% | −11.0% | −6.0% | +18.5% | −0.4% |
| 2021 | +1.9% | +0.7% | −0.4% | +1.0% | +2.6% | −1.5% | −4.2% | +2.0% | −3.9% | +2.9% | −1.3% | +0.7% |
| 2020 | −3.8% | −2.0% | −13.9% | +7.9% | +0.3% | +6.1% | +5.7% | +2.9% | −0.8% | +0.9% | +8.0% | +6.0% |
| 2019 | — | — | — | — | — | — | −1.4% | −3.7% | +1.4% | +3.5% | +0.4% | +3.9% |
MICSX Risk
Risk measures from monthly returns over Jan 2022 – Dec 2024.
- 3-year volatility (annualised): 17.93%
- 3-year Sharpe ratio: -0.38 (vs 4.5% risk-free rate)
- Best month: +18.50% (Nov 2022)
- Worst month: −10.99% (Sep 2022)
MICSX Fund Flows
Monthly money in and out of Matthews Asian Growth and Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$97.4M
- 12-month gross sales (incl. reinvestments): $27.3M
- Sales ÷ redemptions: 0.22×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2024 | $2.6M | $8.7M | −$6.1M |
| Nov 2024 | $849K | $15.3M | −$14.4M |
| Oct 2024 | $3.5M | $15.2M | −$11.7M |
| Sep 2024 | $449K | $7.3M | −$6.9M |
| Aug 2024 | $596K | $6.7M | −$6.2M |
| Jul 2024 | $1.4M | $5.9M | −$4.4M |
| Jun 2024 | $8.4M | $7.2M | $1.2M |
| May 2024 | $1.2M | $18.6M | −$17.4M |
| Apr 2024 | $563K | $9.9M | −$9.3M |
| Mar 2024 | $2.2M | $10.3M | −$8.1M |
| Feb 2024 | $1.4M | $9.5M | −$8.1M |
| Jan 2024 | $4.1M | $10.2M | −$6.1M |
MICSX Assets Under Management
Net assets of Matthews Asian Growth and Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-12-31 | $246.25M |
| 2024-09-30 | $296.35M |
| 2024-06-28 | $284.56M |
| 2024-03-28 | $305.55M |
| 2023-12-29 | $325.31M |
| 2023-09-29 | $439.35M |
| 2023-06-30 | $538.93M |
| 2023-03-31 | $609.98M |
| 2022-12-30 | $610.80M |
| 2022-09-30 | $735.77M |
| 2022-06-30 | $893.29M |
| 2022-03-31 | $998.19M |
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.