Matthews Asia Dividend: Overview - Matthews Asia Funds

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Matthews Asia Dividend Fund

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Overview

Matthews Asia Dividend Fund*

(Formerly known as the Asia Pacific Equity Income Fund)

Inception Date: 10/31/06

Geographic Focus: The Asia Pacific region, which includes Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand and Vietnam.

Benchmark: MSCI All Country Asia Pacific Index

Fund Assets: $465.4 million (as of 02/28/10)

Symbol: MAPIX

CUSIP: 577-125-107

Investment Objective

Total return with an emphasis on providing current income.

Strategy

Under normal market conditions, the Fund invests at least 80% of its total net assets in income-paying publicly traded common stocks, preferred stocks, and other equity-related instruments of companies located in the Asia Pacific region. The Asia Pacific region includes Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand and Vietnam.

Distributions

The Matthews Asia Dividend Fund intends to distribute its dividends quarterly. Year end 2009 distributions were paid on December 9, 2009 to shareholders of record as of December 8, 2009. Year end distributions are now available.

Portfolio Managers

Lead Manager:
Jesper Madsen, CFA

Co-Manager:
Andrew T. Foster

Fees and Expenses

Gross Expense Ratios:¹
Fiscal Year 2009: 1.28%
After Fee Waiver, Reimbursement and Recoupment: 1.30%²

Fiscal Year 2008: 1.35%
After Fee Waiver, Reimbursement and Recoupment: 1.32%²

Portfolio Turnover:³
Fiscal Year 2009: 32.41%

¹ Matthews Asia Funds does not charge 12b-1 fees.

² The Advisor has contractually agreed to waive Matthews Asia Dividend Fund’s fees and reimburse expenses until at least August 31, 2010 to the extent needed to limit total annual operating expenses to 1.50%.

³ The lesser of fiscal year 2009 long-term purchase costs or sales proceeds divided by the average monthly market value of long-term securities.

Risks of Investment

Learn about the principal risks of investing in the Funds as well as the regional and country risks.

There is no guarantee that the Fund or the companies in its portfolio will pay or continue to pay dividends.

* To better reflect its investment strategy, the Fund’s name changed from Matthews Asia Pacific Equity Income Fund to Matthews Asia Dividend Fund on November 30, 2009.