# Matthews China Dividend Fund (MICDX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/micdx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2010-10-29 Under typical market conditions, the fund aims to achieve its investment goals by dedicating at least 80% of its overall investable capital (inclusive of funds borrowed for investment purposes) to dividend-paying equity securities issued by companies based in China. The fund also has the discretion to invest in convertible debt and equity instruments of varying maturities and credit qualities. This encompasses securities that are unrated or would be considered below investment grade if they had a rating, provided they originate from companies situated in China. For clarity, China, in the co... ## Key Facts | Metric | Value | |---|---| | Price | $15.51 | | Expense Ratio | 1.19% | | AUM (All Share Classes) | $92.9M | | NAV | $15.51 | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $11.54 – $15.69 | | Beta | 0.87 | ## Latest Distribution - Amount: $0.3270 /share - Ex-date: 2025-12-17 - Pay date: 2025-12-17 ## Frequently Asked Questions ### What does MICDX invest in? Under typical market conditions, the fund aims to achieve its investment goals by dedicating at least 80% of its overall investable capital (inclusive of funds borrowed for investment purposes) to dividend-paying equity securities issued by companies based in China. The fund also has the discretion to invest in convertible debt and equity instruments of varying maturities and credit qualities. This encompasses securities that are unrated or would be considered below investment grade if they had a rating, provided they originate from companies situated in China. For clarity, China, in the context of this fund, includes its administrative regions and other territories, such as Hong Kong. ### What is the expense ratio of MICDX? Matthews China Dividend Fund (MICDX) charges an expense ratio of 1.19%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MICDX? Matthews China Dividend Fund (MICDX) is one share class of a fund that manages $92.9M across all of its share classes (MCDFX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MICDX actively managed or an index fund? MICDX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MICDX's is 1.19%) in exchange for the discretion to over- or under-weight positions. ### When was MICDX launched? Matthews China Dividend Fund (MICDX) launched in October 2010 and is managed by the fund issuer. ### How has MICDX performed? MICDX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does MICDX pay a dividend? Matthews China Dividend Fund (MICDX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MICDX pay dividends? Matthews China Dividend Fund pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MICDX's dividend yield? MICDX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is MICDX's next ex-dividend date? The most recently announced ex-dividend date for MICDX was 2025-12-17. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will MICDX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.19% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MICDX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MICDX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MICDX cost more than a fund like VOO? MICDX is actively managed (current expense ratio 1.19%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MICDX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MICDX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MICDX (1.19%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/micdx - Distribution history: https://www.dividenddata.com/funds/micdx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/micdx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/micdx/expenses - Peer comparison: https://www.dividenddata.com/funds/micdx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.