# Matthews Asia Growth Fund (MPACX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mpacx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Thematic · Inception: 2003-10-31 Under normal operating conditions, the fund strives to meet its investment objective by allocating at least 80% of its capital—which includes money borrowed for investment purposes—to common and preferred equities of businesses primarily situated in Asia. Additionally, it may acquire convertible securities issued by Asian companies, without regard to their maturity or credit assessment, including those that are unrated or would be categorized as sub-investment grade. For this fund's mandate, Asia refers to all nations and financial markets throughout the Asian continent, encompassing develo... ## Key Facts | Metric | Value | |---|---| | Price | $35.66 | | Expense Ratio | 1.30% | | Assets Under Management | $213.6M | | NAV | $35.66 | | Holdings Count | — | | Distribution Yield (TTM) | 1.39% | | Annual Distribution (TTM) | $0.49 /share | | Distribution Frequency | Irregular | | 52-Week Range | $25.78 – $44.08 | | Beta | 1.28 | ## Latest Distribution - Amount: $0.4946 /share - Ex-date: 2026-09-23 - Pay date: 2026-09-23 ## Frequently Asked Questions ### What does MPACX invest in? Under normal operating conditions, the fund strives to meet its investment objective by allocating at least 80% of its capital—which includes money borrowed for investment purposes—to common and preferred equities of businesses primarily situated in Asia. Additionally, it may acquire convertible securities issued by Asian companies, without regard to their maturity or credit assessment, including those that are unrated or would be categorized as sub-investment grade. For this fund's mandate, Asia refers to all nations and financial markets throughout the Asian continent, encompassing developed, emerging, and frontier economies. ### What is the expense ratio of MPACX? Matthews Asia Growth Fund (MPACX) charges an expense ratio of 1.30%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MPACX? Matthews Asia Growth Fund (MPACX) manages $213.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MPACX actively managed or an index fund? MPACX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was MPACX launched? Matthews Asia Growth Fund (MPACX) launched in October 2003 and is managed by the fund issuer. ### How has MPACX performed? MPACX'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 MPACX pay a dividend? Matthews Asia Growth Fund (MPACX) currently distributes little or no income. Trailing-twelve-month yield is 1.39%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MPACX pay dividends? Matthews Asia Growth Fund pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MPACX's dividend yield? MPACX's trailing-twelve-month yield is 1.39%, calculated from the sum of dividends over the past year divided by the current price. ### When is MPACX's next ex-dividend date? The most recently announced ex-dividend date for MPACX was 2026-09-23. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will MPACX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.30% 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 MPACX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MPACX'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 MPACX cost more than a fund like VOO? MPACX's strategy (current expense ratio 1.30%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where MPACX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to MPACX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MPACX (1.30%) 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/mpacx - Distribution history: https://www.dividenddata.com/funds/mpacx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mpacx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mpacx/expenses - Peer comparison: https://www.dividenddata.com/funds/mpacx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.