This mutual fund got a public attention because it was recommended by the radio host Bob Brinker. Since then Ron Barron showed the worst performance with the mutual fund, every radio listener who followed Brinker's advice lost their shirt, and Brinker got kicked out of the radio. Go figure.
I got out and invested the same in Matthews China fund, it has recovered nicely. I think Mutual funds take too long to recover, buying individual stocks has been a better approach for getting back my money. All these funds are just a modified index fund, safer to buy the index.
I'm holding just like most of you. As many of you state, the performance of this fund in the last 12 months has been extremely poor compared to the other funds & stocks that I own. With the high fees, I think its time to move to any other fund. The market still has some upward movement. I'm waiting for a market correction, then I'll move.