Performance & Rankings

Fund Performance through November 30, 2008

				(Avg. Annual Total Returns as of 11/30/2008)
								Incept:
	Nov '08	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	10/31/06
Asia Pacific Equity Income (MAPIX)	-2.38%	-26.66%	-33.30%	-33.07%	n/a	n/a	n/a	-7.53%
MSCI AC Asia Pacific Index*	-3.64%	-33.46%	-46.18%	-47.52%	n/a	n/a	n/a	-18.25%

Fund Performance through September 30, 2008

				(Avg. Annual Total Returns as of 09/30/2008)
								Incept:
	Sept '08	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	10/31/06
Asia Pacific Equity Income (MAPIX)	-8.07%	-12.30%	-16.39%	-15.36%	n/a	n/a	n/a	3.34%
MSCI AC Asia Pacific Index*	-14.05%	-20.85%	-30.49%	-32.65%	n/a	n/a	n/a	-8.21%

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.

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

Fees and Expenses

¹ Ratio has been restated to reflect current management and administrative and shareholder servicing fees expected to be incurred by the Funds and paid to the Advisor. The Advisor has contractually agreed to waive fees and reimburse expenses to the extent needed to limit total annual operating expenses to 1.50% until October 31, 2009. Matthews Asia Funds do not charge 12b-1 fees.

Select performance attribution information is available on request for certain time periods.

 

 Lipper Rankings as of September 30, 2008

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 Region Funds

	1 Year	3 Years	5 Years	10 Years	Since Inception 10/31/06
Quartile Rank	1st 1 of 35	n/a	n/a	n/a	1st 1 of 29

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.