MIPIX Fees and Costs — Matthews Asia Dividend Fund, Institutional Class
Data updated: 2026-08-24
The net expense ratio is 1.10%: a 0.72% management fee plus 0.38% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $911K in broker commissions, 0.1611% of average net assets, and portfolio turnover was 57%.
MIPIX Fees and Expenses
Annual operating expenses and sales charges of MIPIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.10% |
| Fee waiver | — |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MIPIX Costs Over Time
On $10,000 invested in MIPIX, assuming 5% a year before costs, total costs come to $785 over 5 years, cutting the return by 1.32% 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 1.10%) | $116 | $359 | $622 |
| Trading costs (broker commissions) | $17 | $53 | $91 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $432 | $785 |
| Value after costs | $10,368 | $11,144 | $11,978 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
MIPIX 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): 0.1611%
- Total broker commissions: $911K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
MIPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $192K | 25.13% |
| MORGAN STANLEY & CO. LLC | $140K | 18.23% |
| CITIGROUP GLOBAL MARKETS INC. | $83K | 10.80% |
| Daiwa Securities Group Inc. | $81K | 10.63% |
| UBS Securities LLC | $81K | 10.59% |
| J.P. MORGAN SECURITIES LLC | $47K | 6.15% |
| MACQUARIE CAPITAL (USA), INC. | $46K | 6.06% |
| CLSA SINGAPORE PTE LTD | $33K | 4.30% |
| Mizuho Securities Co., Ltd. | $31K | 4.08% |
| SMBC NIKKO CAPITAL MARKETS LIMITED | $31K | 4.03% |
Matthews Asia Dividend Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MIPIX | Institutional Class | 1.10% | — |
| MAPIX | Investor Class | 1.21% | — |
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.