MIPIX Performance — Matthews Asia Dividend Fund, Institutional Class
Data updated: 2026-08-24
MIPIX returned +18.62% year to date and +33.77% over one year to Jun 2026. Annualised returns are +17.60% over 3 years and +2.27% over 5 years. The fund trailed its Asia-Pacific Equity category average: $100 invested three years ago grew to $163, against $172 for the category, and to $134 over one year, against $137. Volatility over the past three years was 13.51% a year. In the 12 months to Jun 2026 the fund lost a net $37.7M, and assets reached $701.18M.
MIPIX Growth of $100
What $100 invested in Matthews Asia Dividend 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 | MIPIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $134 | $137 |
| 3 years (Jul 2023 – Jun 2026) | $163 | $172 |
| 5 years (Jul 2021 – Jun 2026) | $112 | $136 |
| Since data start (Jul 2019 – Jun 2026) | $159 | $192 |
MIPIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +18.62% |
| 1 year | +33.77% |
| 3 years (annualised) | +17.60% |
| 5 years (annualised) | +2.27% |
MIPIX Annual Returns
Calendar-year total returns of Matthews Asia Dividend Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +18.62% |
| 2025 | +27.07% |
| 2024 | +6.03% |
| 2023 | +4.80% |
| 2022 | −29.56% |
| 2021 | −2.66% |
| 2020 | +31.30% |
| 2019 (Jul–Dec) | +5.16% |
MIPIX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.0% | +7.2% | −7.7% | +9.0% | +3.2% | −1.4% | — | — | — | — | — | — |
| 2025 | +0.3% | +0.6% | +0.7% | +1.1% | +4.6% | +4.9% | −0.2% | +2.8% | +4.6% | +2.0% | +0.4% | +2.6% |
| 2024 | −2.8% | +2.9% | +1.8% | −2.4% | +2.3% | +2.1% | +3.0% | +2.1% | +6.3% | −5.8% | −0.3% | −2.7% |
| 2023 | +8.5% | −7.4% | +2.4% | −1.0% | −2.2% | +3.4% | +3.9% | −4.8% | −3.9% | −3.4% | +6.3% | +4.2% |
| 2022 | −6.1% | −4.4% | −5.8% | −7.3% | +0.5% | −3.4% | +0.6% | −0.8% | −11.9% | −5.0% | +12.6% | −1.7% |
| 2021 | +1.9% | −1.4% | −2.5% | +1.6% | +2.3% | +0.8% | −4.0% | +2.3% | −1.1% | −0.1% | −2.4% | +0.1% |
| 2020 | −5.7% | −2.9% | −11.6% | +7.8% | +5.4% | +6.0% | +6.6% | +6.9% | +3.4% | +0.1% | +8.8% | +5.1% |
| 2019 | — | — | — | — | — | — | −1.4% | −2.2% | +2.1% | +4.1% | −1.1% | +3.6% |
MIPIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.51%
- 3-year Sharpe ratio: 0.97 (vs 4.5% risk-free rate)
- Best month: +8.96% (Apr 2026)
- Worst month: −7.66% (Mar 2026)
MIPIX Fund Flows
Monthly money in and out of Matthews Asia Dividend Fund, from SEC Form N-PORT.
- 12-month net flow: −$37.7M
- 12-month gross sales (incl. reinvestments): $131.7M
- Sales ÷ redemptions: 0.78×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $5.0M | $12.5M | −$7.5M |
| May 2026 | $2.7M | $14.7M | −$11.9M |
| Apr 2026 | $2.9M | $15.5M | −$12.6M |
| Mar 2026 | $7.5M | $10.5M | −$3.0M |
| Feb 2026 | $7.3M | $10.1M | −$2.8M |
| Jan 2026 | $79.4M | $8.8M | $70.6M |
| Dec 2025 | $9.2M | $11.2M | −$2.0M |
| Nov 2025 | $1.6M | $25.8M | −$24.2M |
| Oct 2025 | $4.2M | $16.0M | −$11.7M |
| Sep 2025 | $6.8M | $14.0M | −$7.2M |
| Aug 2025 | $2.7M | $17.8M | −$15.2M |
| Jul 2025 | $2.3M | $12.5M | −$10.2M |
MIPIX Assets Under Management
Net assets of Matthews Asia Dividend Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $701.18M |
| 2026-03-31 | $661.52M |
| 2025-12-31 | $542.87M |
| 2025-09-30 | $561.94M |
| 2025-06-30 | $560.92M |
| 2025-03-31 | $568.37M |
| 2024-12-31 | $610.11M |
| 2024-09-30 | $730.78M |
| 2024-06-28 | $701.18M |
| 2024-03-28 | $797.72M |
| 2023-12-29 | $1.05B |
| 2023-09-29 | $1.29B |
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.