Matthews China Investor (MCHFX - Free Report) a Zacks Rank #2 (Buy) seeks long-term capital appreciation. The fund invests at least 80% of its assets in the common and preferred stocks of companies located in China.

This China - Equity fund, as of the last filing, allocates their fund in three major groups; Large Growth, Emerging Market and Intermediate Bond. Further, as of the last filing, Tencent Holdings Ltd., Alibaba Group Holding Lim, and China Construction Bank C were the top holdings for MCHFX.

The Matthews China Investor fund, managed by Matthews Asia, carries an expense ratio of 1.21%. Moreover, MCHFX requires a minimal initial investment of $2,500.

MCHFX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 31.83%, 3 year 3.63% and 5 year 2.16%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .

MCHFX’s performance, as of the last filing, when compared to funds in its category was in the top 10% in 1 year and top 46% over the past 3 years.