MINCX Performance — Matthews Asia Total Return Bond Fund, Institutional Class
Data updated: 2023-03-09
MINCX returned −10.12% over one year to Dec 2022. The annualised 3-year return is −3.02%. Against its China Equity category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $91, against $94 for the category, and to $90 over one year, against $77. Volatility over the past three years was 18.32% a year. In the 12 months to Dec 2022 the fund took in a net $76.3M, and assets reached $43.58M.
MINCX Growth of $100
What $100 invested in Matthews Asia Total Return Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the China Equity category average over the same months.
| Period | MINCX | Category average |
|---|---|---|
| 1 year (Jan 2022 – Dec 2022) | $90 | $77 |
| 3 years (Jan 2020 – Dec 2022) | $91 | $94 |
| Since data start (Jul 2019 – Dec 2022) | $95 | $101 |
MINCX Trailing Returns
Total returns to Dec 2022, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −10.12% |
| 3 years (annualised) | −3.02% |
MINCX Annual Returns
Calendar-year total returns of Matthews Asia Total Return Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2022 | −10.12% |
| 2021 | −3.91% |
| 2020 | +5.60% |
| 2019 (Jul–Dec) | +4.21% |
MINCX 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 | −4.0% | −3.9% | −2.2% | −1.2% | −3.0% | −6.3% | −3.9% | +2.7% | −4.2% | −11.6% | +15.0% | +15.5% |
| 2021 | −0.9% | −0.5% | −1.3% | −0.2% | +0.9% | +0.4% | −1.7% | +3.9% | −2.0% | −1.7% | −1.5% | +0.7% |
| 2020 | +0.2% | +0.1% | −12.8% | +4.3% | +2.0% | +3.7% | +1.9% | +2.1% | −0.2% | +0.9% | +2.4% | +2.1% |
| 2019 | — | — | — | — | — | — | +0.6% | −0.7% | +0.9% | +1.7% | −0.1% | +1.8% |
MINCX Risk
Risk measures from monthly returns over Jan 2020 – Dec 2022.
- 3-year volatility (annualised): 18.32%
- 3-year Sharpe ratio: -0.41 (vs 4.5% risk-free rate)
- Best month: +15.52% (Dec 2022)
- Worst month: −12.82% (Mar 2020)
MINCX Fund Flows
Monthly money in and out of Matthews Asia Total Return Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $76.3M
- 12-month gross sales (incl. reinvestments): $13.1M
- Sales ÷ redemptions: -0.21×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2022 | $4.8M | −$3.4M | $8.2M |
| Nov 2022 | $431K | −$1.8M | $2.2M |
| Oct 2022 | $44K | −$17.4M | $17.4M |
| Sep 2022 | $344K | −$2.9M | $3.3M |
| Aug 2022 | $515K | −$5.0M | $5.5M |
| Jul 2022 | $416K | −$7.3M | $7.8M |
| Jun 2022 | $843K | −$1.7M | $2.5M |
| May 2022 | $683K | −$4.2M | $4.9M |
| Apr 2022 | $1.0M | −$2.5M | $3.6M |
| Mar 2022 | $1.1M | −$3.8M | $4.9M |
| Feb 2022 | $1.4M | −$1.9M | $3.3M |
| Jan 2022 | $1.6M | −$11.1M | $12.7M |
MINCX Assets Under Management
Net assets of Matthews Asia Total Return Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2022-12-30 | $43.58M |
| 2022-09-30 | $55.81M |
| 2022-06-30 | $73.80M |
| 2022-03-31 | $89.33M |
| 2021-12-31 | $113.64M |
| 2021-09-30 | $129.02M |
| 2021-06-30 | $140.13M |
| 2021-03-31 | $135.61M |
| 2020-12-31 | $114.67M |
| 2020-09-30 | $107.82M |
| 2020-06-30 | $102.14M |
| 2020-03-31 | $99.19M |
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.