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If you’ve been looking for mutual fund equity reporting funds, consider Matthews China Small Companies Investor (MCMX) as an alternative. MCSMX maintains a Zacks Mutual Fund Rating of 1 (Strong Buy), based on nine predictive factors such as size, expense and past performance.
Fund/manager history
Matthews Asia is based in San Francisco, CA, and is the manager of MCSMX. Matthews China Small Companies Investor was first launched in May 2011, and since then, MCMS has been involved .MSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMS .SMS .SMS .SMS .SMS .SMS . .MSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMSMS .S.M.S.M.S.M.S.M.S.M. The fund’s current manager, Winnie Chuang, has been managing the fund since August 2020.
Performance
Investors naturally look for strong performing funds. This fund generates a 5-year annualized total return of 2.79%, and ranks in the top third of its category peers. If you’re looking for shorter time frames, don’t dismiss the fund’s 3-year annualized total return of 0.74%, which puts it in the top third of the time frame.
When looking at a fund’s performance, it’s also important to note the standard deviation of returns. The lower the standard deviation, the lower the volatility of the fund’s experiences. Over the past three years, MCSMX’s standard deviation is 25.13%, compared to the category average of 20.08%. Over the past 5 years, the fund’s standard deviation is 23.61% versus the category average of 18.31%. This makes the fund more volatile than its peers over the past half-decade.
Risk factors
Investors should note that the fund has a 5-year beta of 0.48, meaning it is generally less volatile than the market. Alpha is an additional metric to consider, as it represents the portfolio’s performance against a risk-adjusted benchmark, in this case the S&P 500. -0.64, indicating that managers in this portfolio have difficulty selecting securities that generate better returns than the benchmark.
expenses
As competition heats up in the mutual fund market, costs become more important. A product with a lower price will be superior compared to another similar product, all other things being equal. Therefore, it is crucial for investors to keep a close eye on price-related metrics. In terms of fees, MCSMX is a no-load fund. It has an expense ratio of 1.44% compared to the category average of 1.29%. In terms of price, MCSMX is actually more expensive than its peers.
While the minimum initial investment for the product is $2,500, investors should note that each subsequent investment must be at least $100.
at last
Overall, Matthews China Small Companies Investor (MCMI) has a Zacks High. Mutual Fund has a rating, and in conjunction with its relatively strong performance, higher risk of default and higher fees, Matthews China Small Companies Investor (M. Investors Now.
Want more information about MCSMX? Then head over to Zacks.com and check out our mutual fund comparison tool and other great features we have to help you with your mutual fund analysis for more information. Be sure to visit Zacks.com for our full suite of tools to help you analyze the rest of your portfolio, researching all your stocks and funds in one place.
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