MJFOX Performance — Matthews Japan Fund, Investor Class
Data updated: 2026-08-24
MJFOX returned +17.72% year to date and +27.13% over one year to Jun 2026. Annualised returns are +20.50% over 3 years and +8.29% over 5 years. The fund trailed its Japan Equity category average: $100 invested three years ago grew to $175, against $177 for the category, and to $127 over one year, against $131. Volatility over the past three years was 15.76% a year. In the 12 months to Jun 2026 the fund lost a net $88.9M, and assets reached $751.95M.
MJFOX Growth of $100
What $100 invested in Matthews Japan Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Japan Equity category average over the same months.
| Period | MJFOX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $127 | $131 |
| 3 years (Jul 2023 – Jun 2026) | $175 | $177 |
| 5 years (Jul 2021 – Jun 2026) | $149 | $168 |
| Since data start (Jul 2019 – Jun 2026) | $202 | $213 |
MJFOX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.72% |
| 1 year | +27.13% |
| 3 years (annualised) | +20.50% |
| 5 years (annualised) | +8.29% |
MJFOX Annual Returns
Calendar-year total returns of Matthews Japan Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +17.72% |
| 2025 | +22.77% |
| 2024 | +16.38% |
| 2023 | +17.99% |
| 2022 | −27.84% |
| 2021 | −1.92% |
| 2020 | +29.83% |
| 2019 (Jul–Dec) | +10.83% |
MJFOX 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 | +4.6% | +9.3% | −10.7% | +9.3% | +5.2% | +0.3% | — | — | — | — | — | — |
| 2025 | +1.1% | −0.6% | +0.2% | +4.8% | +5.2% | +2.4% | −4.3% | +6.1% | +2.9% | +3.7% | −0.9% | +0.5% |
| 2024 | +2.6% | +6.4% | +5.6% | −6.5% | +4.0% | +0.7% | +5.5% | +2.7% | 0.0% | −5.9% | +3.3% | −2.1% |
| 2023 | +6.7% | −4.7% | +6.3% | −0.8% | +1.1% | +4.5% | +2.2% | −2.3% | −3.8% | −4.1% | +8.1% | +4.5% |
| 2022 | −9.9% | −3.2% | −3.9% | −8.9% | +3.3% | −10.2% | +6.9% | −5.2% | −9.3% | +3.3% | +11.0% | −3.5% |
| 2021 | −2.0% | −2.5% | −0.9% | −1.1% | +1.1% | −0.3% | −1.1% | +3.7% | +2.7% | +0.1% | −1.3% | −0.1% |
| 2020 | −4.6% | −8.3% | −3.2% | +7.0% | +7.4% | +2.9% | +2.8% | +3.7% | +5.1% | −0.2% | +11.3% | +4.2% |
| 2019 | — | — | — | — | — | — | −0.4% | −1.2% | +3.8% | +3.8% | +3.0% | +1.7% |
MJFOX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 15.76%
- 3-year Sharpe ratio: 1.02 (vs 4.5% risk-free rate)
- Best month: +9.32% (Feb 2026)
- Worst month: −10.74% (Mar 2026)
MJFOX Fund Flows
Monthly money in and out of Matthews Japan Fund, from SEC Form N-PORT.
- 12-month net flow: −$88.9M
- 12-month gross sales (incl. reinvestments): $97.8M
- Sales ÷ redemptions: 0.52×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.5M | $8.6M | −$6.1M |
| May 2026 | $5.6M | $20.9M | −$15.3M |
| Apr 2026 | $3.6M | $44.9M | −$41.3M |
| Mar 2026 | $26.8M | $30.8M | −$4.0M |
| Feb 2026 | $5.5M | $12.6M | −$7.1M |
| Jan 2026 | $5.5M | $15.7M | −$10.2M |
| Dec 2025 | $16.1M | $12.2M | $3.9M |
| Nov 2025 | $4.4M | $6.0M | −$1.6M |
| Oct 2025 | $4.1M | $10.7M | −$6.6M |
| Sep 2025 | $8.3M | $6.3M | $2.1M |
| Aug 2025 | $9.3M | $9.6M | −$297K |
| Jul 2025 | $5.9M | $8.3M | −$2.4M |
MJFOX Assets Under Management
Net assets of Matthews Japan Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $751.95M |
| 2026-03-31 | $712.21M |
| 2025-12-31 | $718.05M |
| 2025-09-30 | $712.70M |
| 2025-06-30 | $682.96M |
| 2025-03-31 | $608.83M |
| 2024-12-31 | $638.38M |
| 2024-09-30 | $702.86M |
| 2024-06-28 | $667.73M |
| 2024-03-28 | $745.61M |
| 2023-12-29 | $656.85M |
| 2023-09-29 | $651.84M |
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.