Performance & Rankings

Fund Performance through February 28, 2010

				(Avg. Annual Total Returns as of 02/28/2010)
								Incept:
	Feb '10	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	09/12/94
Asian Growth and Income (MACSX)	1.22%	2.51%	0.19%	53.46%	5.17%	10.03%	13.84%	11.07%
MSCI AC Asia ex-Japan Index*	0.53%	-1.41%	-5.52%	84.30%	3.48%	11.11%	6.22%	3.20%†
MSCI AC Far East ex-Japan Index**	0.43%	-1.51%	-5.71%	80.45%	3.01%	10.34%	6.11%	2.82%†

^† Calculated from 8/31/94

Fund Performance through December 31, 2009

				(Avg. Annual Total Returns as of 12/31/2009)
								Incept:
	Dec '09	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	09/12/94
Asian Growth and Income (MACSX)	2.31%	4.24%	41.44%	41.44%	5.31%	10.77%	13.76%	11.18%
MSCI AC Asia ex-Japan Index*	4.35%	6.59%	72.53%	72.53%	5.02%	13.79%	6.55%	3.62%†
MSCI AC Far East ex-Japan Index**	4.46%	6.46%	69.39%	69.39%	4.79%	13.13%	5.92%	3.25%†

^† Calculated from 8/31/94

Yields as of 12/31/09

Dividend Yield: 3.63%¹
30-day Yield: 1.61%²

Source: FactSet Research Systems, PNC Global Investment Servicing, Inc

¹ The dividend yield (trailing) for the portfolio is the weighted average sum of the dividend paid per share during the last 12 months divided by the current price. The annualized dividend yield for the Matthews Asian Growth and Income Fund is for the equity-only portion of the portfolio. Please note that this is based on gross portfolio holdings and does not reflect the actual yield an investor in the Fund would receive. Past yields are no guarantee of future yields.

² The 30-day Yield represents net investment income earned by the Fund over the 30-day period ended 12/31/09, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-day period. The 30-day Yield should be regarded as an estimate of the Fund’s rate of investment income, and it may not equal the Fund’s actual income distribution rate.

All performance is in US$ with gross dividends reinvested.

Assumes reinvestment of all dividends and/or distributions before taxes. All performance quoted represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate with market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the return figures quoted. Returns would have been lower if certain of the Fund’s fees and expenses had not been waived.

Additional performance, attribution, security classification and holdings information is available on request for certain time periods.

* As of April 29, 2008, the primary benchmark for the Matthews Asian Growth and Income Fund became the MSCI All Country Asia ex- Japan Index to reflect more closely the group of countries in which the portfolio invests. Previously, the MSCI Far East ex-Japan Index served as the Fund’s primary benchmark. The MSCI All Country Asia ex-Japan Index is a free float–adjusted market capitalization– weighted index of the stock of markets of China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. The Matthews Asian Growth and Income Fund may invest in countries that are not included in the MSCI All Country Asia ex-Japan Index. It is not possible to invest directly in an index. Source: Index data from Morgan Stanley Capital International; total return calculations performed by PNC Global Investment Servicing, formerly known as PFPC Inc.

** The MSCI All Country Far East ex-Japan Index is a free float–adjusted market capitalization–weighted index of the stock markets of China, Hong Kong, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand. The Matthews Asian Growth and Income Fund may invest in countries that are not included in the MSCI All Country Asia ex-Japan Index. It is not possible to invest directly in an index. Source: Index data from Morgan Stanley Capital International; total return calculations performed by PNC Global Investment Servicing, formerly known as PFPC Inc.

Fees and Expenses

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

 Morningstar® Ratings™ as of February 28, 2010

The Overall Morningstar® Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and (if applicable) ten-year ratings. Past performance is no guarantee of future results.

Morningstar® Category: Pacific/Asia ex-Japan
Fund: Matthews Asian Growth and Income Fund Inception Date: 09/12/94

Overall	3 Year	5 Year	10 Year
out of 112 funds	out of 112 funds	out of 80 funds	out of 66 funds

For each fund with at least a three-year history, Morningstar® calculates a Morningstar® Ratings based on a Morningstar® Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)

 

 Lipper Rankings as of December 31, 2009

Lipper Analytical Services, Inc. rankings and fund performance do not reflect sales charges and are based on total return, including reinvestment of dividends and capital gains for the stated periods.

Lipper category: Pacific ex-Japan

	1 Year	3 Years	5 Years	10 Years	Since Inception 9/12/94
Quartile Rank	4th 51 of 53	2nd 16 of 39	4th 31 of 37	1st 1 of 30	1st 1 of 10

 

Past performance does not guarantee future results. Investment return and principal value of mutual funds will vary with market conditions so that shares, when redeemed, may be worth more or less than their original cost. Lipper Analytical Services, Inc. rankings and fund performance do not reflect sales charges and are based on total return, including reinvestment of dividends and capital gains for the stated periods. For more complete information about Matthews Asia Funds, including fees and expenses, please obtain a prospectus by calling 1.800.789.ASIA (2742). Please read it carefully before you invest or send money as it explains the risks associated with investing in international markets. Investing in foreign securities may involve certain additional risks, including exchange rate fluctuation, less liquidity, greater volatility, and less regulation. Single-country or sector funds may be subject to a higher degree of market risk than diversified funds because of concentration in a specific industry, sector or geographic sector.