MIEFX Fees and Costs — Matthews Emerging Markets Equity Fund, Institutional Class
Data updated: 2026-08-24
The net expense ratio is 0.90%: a 0.72% management fee plus 0.44% other expenses, less a 0.26% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $527K in broker commissions, 0.2745% of average net assets, and portfolio turnover was 90%.
MIEFX Fees and Expenses
Annual operating expenses and sales charges of MIEFX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.44% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.26% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
MIEFX Costs Over Time
On $10,000 invested in MIEFX, assuming 5% a year before costs, total costs come to $732 over 5 years, cutting the return by 1.23% 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 0.90%) | $94 | $294 | $509 |
| Trading costs (broker commissions) | $29 | $90 | $155 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $403 | $732 |
| Value after costs | $10,377 | $11,173 | $12,031 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
MIEFX 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): 0.2745%
- Total broker commissions: $527K
- Bought from dealers (principal trades, not a cost): $25.4M
- Portfolio turnover (prospectus): 90%
- Securities lending: none during the year
MIEFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $155K | 35.13% |
| JP MORGAN SECURITIES LLC | $55K | 12.47% |
| INSTINET, LLC | $38K | 8.55% |
| GOLDMAN SACHS & CO. LLC | $34K | 7.82% |
| CITIGROUP GLOBAL MARKETS INC. | $33K | 7.57% |
| HSBC SECURITIES (USA) INC. | $30K | 6.73% |
| UBS Securities LLC | $28K | 6.45% |
| SANFORD C. BERNSTEIN & CO., LLC | $26K | 5.84% |
| EFG Hermes Holding SAE | $21K | 4.77% |
| JEFFERIES LLC | $21K | 4.67% |
MIEFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $10.7M | 42.02% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $7.9M | 31.22% |
| J.P. Morgan Securities LLC | $4.9M | 19.47% |
| Goldman Sachs & Co. LLC | $1.5M | 5.88% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $357K | 1.40% |
Matthews Emerging Markets Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MIEFX | Institutional Class | 0.90% | — |
| MEGMX | Investor Class | 1.09% | — |
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.