Matthews Japan Fund

Matthews Japan Fund Premium Guru

Last Update: 07-28-2017
Related: Matthews Pacific Tiger Fund

Number of Stocks: 57
Number of New Stocks: 2

Total Value: $3,315 Mil
Q/Q Turnover: 8%

Countries: JPN
Details: Top Buys | Top Sales | Top Holdings  Embed:

Matthews Japan Fund' s Profile & Performance

Profile

Matthews Japan Fund Investor Class (MJFOX) was established on 12/31/1998. The Fund seeks long-term capital appreciation by investing at least 80% of its total net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in Japan.

Web Page:http://matthewsasia.com/our-funds/f-8/matthews-japan-fund/overview.fs

Investing Philosophy

Matthews employs a bottom-up, fundamental investment philosophy with a focus on long-term investment performance.
(1) Active management
We believe many of the region’s widely used indices are backward looking and are not representative of the industries and companies that will be successful in the future. We look to invest in companies whose potential has yet to be fully recognized by the market.
 (2) Long-term focus on Asia
We believe a long-term approach is the most effective way to capitalize on Asia’s evolution. Matthews has been investing in Asia since 1991 and we draw on our experience to identify companies that stand to benefit from the growth and development of markets throughout the region.
 (3) Bottom-up research
We employ a fundamental, bottom-up investment process that seeks to identify companies with sustainable long-term growth prospects, strong business models, quality management teams and reasonable valuations. This research process involves more than 2,000 company meetings each year.
 (4) Defining Asia investment strategies
We strive to provide investors a range of Asia strategies across the risk-reward spectrum and launch new strategies when there are compelling investment opportunities in the region.

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of Matthews Japan Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
20160.411.96-11.6
201520.831.3819.4
2014-2.5913.69-16.3
3-Year Cumulative18.2 (5.7%/year)29 (8.9%/year)-10.8 (-3.2%/year)
201334.0332.391.6
20128.3216-7.7
5-Year Cumulative71.6 (11.4%/year)98.2 (14.7%/year)-26.6 (-3.3%/year)
2011-7.722.11-9.8
201019.5815.064.5
200910.0626.46-16.4
2008-28.38-378.6
2007-10.965.49-16.4
10-Year Cumulative32.9 (2.9%/year)95.7 (6.9%/year)-62.8 (-4%/year)
2006-6.4415.79-22.2
200514.834.919.9
200422.0310.8811.2
200359.5428.6830.9
2002-13.39-22.18.7
15-Year Cumulative140.7 (6%/year)164.2 (6.7%/year)-23.5 (-0.7%/year)
2001-29.15-11.89-17.3
2000-25.04-9.1-15.9
1999107.3521.0486.3

Top Ranked Articles

Matthews Japan Fund Comments on Kakaku.com Guru stock highlight
To fund the purchase of Suzuki, we exited our position in internet service company Kakaku.com (TSE:2371). Kakaku.com management has done a great job growing its restaurant information service Tabelog over the past several years, building it into the most dominant restaurant information app in Japan. However, growth at Tabelog has started to slow, weighed by new competition, while the company has struggled to find new avenues for growth. Compared to the slowing growth outlook, valuations remained elevated and hence, we decided to exit the position.
Read more...
Matthews Japan Fund Comments on Suzuki Motor Guru stock highlight
During the quarter, we added several new names, including Suzuki Motor (TSE:7269). Suzuki is a medium-sized automobile manufacturer that specializes in small cars, and has a significant presence in India through its subsidiary Maruti Suzuki. Its India business, including royalties received, accounts for the vast majority of Suzuki’s net profits. The research into this idea involved extensive discussions with our India team, which has in-depth knowledge of the local market. We believe India’s automobile market has significant room for growth as rising income levels result in higher vehicle ownership. Read more...
T. Rowe Price Japan Fund Gains 4 New Holdings Fund sold out of 2 holdings in 1st quarter
The T. Rowe Price Japan Fund (Trades, Portfolio) gained four new holdings in the first quarter. The fund bought Yamato Holdings Co. Ltd. (TSE:9064), Mitsubishi Motors Corp. (TSE:7211), SMC Corp. (TSE:6273) and Toshiba Corp. (TSE:6502). Read more...
Matthews Japan Fund’s Top 3 New Holdings Fund releases 4th-quarter 2016 portfolio
The Matthews Japan Fund (Trades, Portfolio) gained 10 new holdings in the final quarter of 2016. The top three new holdings are Sumitomo Mitsui Financial Group Inc. (TSE:8316), NGK Spark Plug Co. Ltd. (TSE:5334) and Dai-ichi Life Holdings Inc. (TSE:8750). Read more...
Matthews China Fund Seeks Gains in Tech Sector Fund manager invests in 4 tech positions in 1st quarter
Andrew Mattock, lead portfolio manager of the Matthews China Fund (Trades, Portfolio), seeks long-term capital appreciation through investments in Chinese companies with sustainable growth possibilities. The fund added four technology positions during the first quarter: Midea Group Co. Ltd. (SZSE:000333), ZTE Corp. (HKSE:00763), China Unicom (Hong Kong) Ltd. (HKSE:00762)(NYSE:CHU) and Chinasoft International Ltd. (HKSE:00354). Read more...
» More Matthews Japan Fund Articles

Commentaries and Stories

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Vanguard Health Care Fund Gains 4 International Stocks in 2nd Quarter 2 positions are in newly public companies Vanguard Health Care Fund,Matthews Japan Fund, Hen - Vanguard Health Care Fund Gains 4 International Stocks In 2nd Quarter
Vanguard Health Care Fund (Trades, Portfolio) portfolio manager Jean Hynes invested in four international health care companies during the second quarter. Her new holdings are in Sysmex Corp. (TSE:6869), Terumo Corp. (TSE:4543), WuXi Biologics (Cayman) Inc. (HKSE:02269) and Idorsia Ltd. (XSWX:IDIA). More...

VANGUARD, HEALTHCARE, BUYS, 2Q


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Matthews Japan Fund Invests in 2 Employment Services Companies Fund releases 2nd-quarter portfolio Matthews Japan Fund, T. Rowe Price Japan Fund, Hen - Matthews Japan Fund Invests In 2 Employment Services Companies
The Matthews Japan Fund (Trades, Portfolio), which invests in Japanese companies in order to achieve long-term capital appreciation, gained two new holdings and increased several others during the second quarter. More...

MATTHEWS JAPAN FUND, BUYS, ADDS, TRADES, HR, 2Q


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Matthews China Fund Seeks Gains in Tech Sector Fund manager invests in 4 tech positions in 1st quarter Matthews China Fund,Matthews Japan Fund,Matthews P - Matthews China Fund Seeks Gains In Tech Sector
Andrew Mattock, lead portfolio manager of the Matthews China Fund (Trades, Portfolio), seeks long-term capital appreciation through investments in Chinese companies with sustainable growth possibilities. The fund added four technology positions during the first quarter: Midea Group Co. Ltd. (SZSE:000333), ZTE Corp. (HKSE:00763), China Unicom (Hong Kong) Ltd. (HKSE:00762)(NYSE:CHU) and Chinasoft International Ltd. (HKSE:00354). More...

MATTHEWS CHINA FUND, MATTHEWS JAPAN FUND, MATTHEWS PACIFIC TIGER FUND


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Matthews Japan Fund First Quarter Shareholder Commentary Review of holdings and markets Matthews Japan Fund - Matthews Japan Fund First Quarter Shareholder Commentary
For the quarter ending March 31, 2017, the Matthews Japan Fund (Trades, Portfolio) returned 7.38% (Investor Class), outperforming its benchmark, the MSCI Japan Index, which returned 4.64%. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

T. Rowe Price Japan Fund Gains 4 New Holdings Fund sold out of 2 holdings in 1st quarter T. Rowe Price Japan Fund,Matthews Japan Fund - T. Rowe Price Japan Fund Gains 4 New Holdings
The T. Rowe Price Japan Fund (Trades, Portfolio) gained four new holdings in the first quarter. The fund bought Yamato Holdings Co. Ltd. (TSE:9064), Mitsubishi Motors Corp. (TSE:7211), SMC Corp. (TSE:6273) and Toshiba Corp. (TSE:6502). More...

JAPAN, T ROW PRICE, 1Q, BUYS, SELLS, TRADES


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Rating: 0.0/5 (0 votes)

Matthews Japan Fund’s Top 3 New Holdings Fund releases 4th-quarter 2016 portfolio Matthews Japan Fund,Hennessy Japan Fund,Causeway I - Matthews Japan Fund’s Top 3 New Holdings
The Matthews Japan Fund (Trades, Portfolio) gained 10 new holdings in the final quarter of 2016. The top three new holdings are Sumitomo Mitsui Financial Group Inc. (TSE:8316), NGK Spark Plug Co. Ltd. (TSE:5334) and Dai-ichi Life Holdings Inc. (TSE:8750). More...

MATTHEWS JAPAN FUND, JAPAN, BUYS, 4Q, 2016


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Matthews Japan Fund Comments on Kakaku.com Guru stock highlight
To fund the purchase of Suzuki, we exited our position in internet service company Kakaku.com (TSE:2371). Kakaku.com management has done a great job growing its restaurant information service Tabelog over the past several years, building it into the most dominant restaurant information app in Japan. However, growth at Tabelog has started to slow, weighed by new competition, while the company has struggled to find new avenues for growth. Compared to the slowing growth outlook, valuations remained elevated and hence, we decided to exit the position. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Matthews Japan Fund Comments on Suzuki Motor Guru stock highlight
During the quarter, we added several new names, including Suzuki Motor (TSE:7269). Suzuki is a medium-sized automobile manufacturer that specializes in small cars, and has a significant presence in India through its subsidiary Maruti Suzuki. Its India business, including royalties received, accounts for the vast majority of Suzuki’s net profits. The research into this idea involved extensive discussions with our India team, which has in-depth knowledge of the local market. We believe India’s automobile market has significant room for growth as rising income levels result in higher vehicle ownership. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Matthews Japan Fund 3rd Quarter Commentary Overview of quarter and holdings Matthews Japan Fund - Matthews Japan Fund 3rd Quarter Commentary
Period ended September 30, 2016 More...

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Rating: 0.0/5 (0 votes)

Matthews Japan Fund Adds to Position in Broadleaf Company has solid financials, a diversified product portfolio and over a decade of operating experience in its industry Matthews Japan Fund - Matthews Japan Fund Adds To Position In Broadleaf
The Matthews Japan Fund (Trades, Portfolio) added 327,800 shares in Broadleaf (TSE:3673) at an average price of 1,018 yen ($10.06 in U.S. money) in the second quarter. More...

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Matthews Japan Fund Seeks Capital Growth in 2nd Quarter Fund reports quarterly portfolio Matthews Japan Fund - Matthews Japan Fund Seeks Capital Growth In 2nd Quarter
Kenichi Amaki and Taizo Ishida, managers of the Matthews Japan Fund (Trades, Portfolio), seek long-term capital appreciation by investing in Japanese stocks with high growth potential. As mentioned in its prospectus, Amaki and Ishida emphasize companies with sustainable growth, cash flow stability and good financial strength. More...

MATTEWS JAPAN FUND


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Matthews Japan Fund Comments on Relo Group Guru stock highlight
Stock selection accounted for the majority of the Fund’s outperformance. During the second quarter, the financials sector was again the leading source of relative performance. Our strategy to focus on unique and growing financial services firms, while avoiding more traditional names in banking and real estate, has been a significant driver of outperformance for the Fund. Corporate welfare and real estate management company Relo Group (TSE:8876), credit guarantee company eGuarantee and M&A advisory firm Nihon M&A Center all contributed positively to Fund performance. Additionally, our core holdings in the internet sector such as health care information service company M3 and fashion e-commerce company Start Today continue to deliver impressive returns. However, we have turned a bit more cautious on these names as strong performance has resulted in elevated valuation levels. More...

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Matthews Japan Fund Comments on Nitori Holdings Guru stock highlight
During the quarter, we tilted the portfolio further towards companies that are strong yen beneficiaries while not compromising on medium-term growth potential and franchise quality. Nitori Holdings (TSE:9843) is one such example. As the leading furniture retailer in Japan, Nitori has been consolidating market share in the country by expanding further into urban areas and delivering innovative products that have stimulated consumer demand. Nitori also plans to steadily increase its presence in China where, we believe, they have an advantage in terms of product offering, perception of quality and price in a very fragmented Chinese furniture retail industry. As a major importer, Nitori stands to benefit from a stronger yen over time. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Matthews Japan Fund 2nd Quarter Commentary Market and outlook discussion Matthews Japan Fund - Matthews Japan Fund 2nd Quarter Commentary
For the first half of 2016, the Matthews Japan Fund (Trades, Portfolio) returned 6.27% (Investor Class), while its benchmark, the MSCI Japan Index, returned -5.41%. For the quarter ending June 30, 2016, the Matthews Japan Fund (Trades, Portfolio) returned 6.05% (Investor Class), while its benchmark, the MSCI Japan Index, returned 1.03%. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Matthews Japan Fund Invests in Tobacco Company in 1st Quarter Fund sells stakes in financial services, electronics, consumer goods businesses Matthews Japan Fund - Matthews Japan Fund Invests In Tobacco Company In 1st Quarter
In keeping with its mission, the Matthews Japan Fund (Trades, Portfolio)’s first-quarter transactions, including eight new buys, were in Japanese companies, a strategy that has produced an average annual return of 9.5% over the last five years. More...

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Rating: 0.0/5 (0 votes)

Matthews Japan Fund 1st Quarter 2016 Commentary Review of markets and commentary Matthews Japan Fund -  Matthews Japan Fund 1st Quarter 2016 Commentary
For the quarter ending March 31, 2016, the Matthews Japan Fund (Trades, Portfolio) returned 0.21% (Investor Class), while its benchmark, the MSCI Japan Index, returned -6.38%. More...

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Rating: 0.0/5 (0 votes)

Matthews Japan Fund Makes 4 New Buys in 4th Quarter Guru raises more than 4 dozen existing stakes Matthews Japan Fund - Matthews Japan Fund Makes 4 New Buys In 4th Quarter
The Matthews Japan Fund (Trades, Portfolio) made four new buys in the fourth quarter and added to more than four dozen existing stakes. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Matthews Japan Fund 4th Quarter Commentary Review of holdings and economy Matthews Japan Fund - Matthews Japan Fund 4th Quarter Commentary
For the year ending December 31, 2015, the Matthews Japan Fund (Trades, Portfolio) returned 20.83% (Investor Class) outperforming its benchmark, the MSCI Japan Index, which returned 9.90%. For the fourth quarter of the year, the Fund returned 10.42% (Investor Class) versus 9.38% for the Index. More...

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Matthews Japan Fund Comments on Dexerials Guru stock highlight
During the quarter, we initiated a position in Dexerials (TSE:4980), a manufacturer of high-margin niche electronic materials used in display applications. Formerly known as Sony Chemical, the company has thrived since it was spun off a few years ago. More...

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Matthews Japan Fund Comments on TechnoPro Holdings Guru stock highlight
We also added TechnoPro Holdings (TSE:6028), a company that specializes in the staffing of professionals such as mechanical, electrical and software engineers. Labor supply is tight in Japan and we expect the pricing environment to remain favorable for staffing companies with specialized offerings. Both of these companies operate highly cash-generative businesses and are committed to paying out a large portion of their profits to shareholders. More...

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