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Matthews Emerging Markets Equity Active ETF
MEM

Snapshot
  • Seeks Alpha in Global Emerging Markets—capitalizes on consumption and innovation trends
  • Quality Growth Portfolio—based on deep, holistic analysis
  • All-Cap, Company-First Approach—emphasizes fundamental research over top-down country or sector allocation

07/13/2022

Inception Date

16.68%

NAV YTD Return

(as of 10/29/2024)

$32.95

NAV

(as of 10/29/2024)

-0.15

1 Day NAV Change

(as of 10/29/2024)

Objective

Long-term capital appreciation

Strategy

Under normal circumstances, the Matthews Emerging Markets Equity Active ETF seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in emerging market countries. Emerging market countries generally include every country in the world except the United States, Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Singapore and most of the countries in Western Europe. Certain emerging market countries may also be classified as “frontier” market countries, which are a subset of emerging market countries with newer or even less developed economies and markets, such as Sri Lanka and Vietnam. The list of emerging market countries and frontier market countries may change from time to time. The Fund may also invest in companies located in developed countries; however, the Fund may not invest in any company located in a developed country if, at the time of purchase, more than 20% of the Fund’s assets are invested in developed market companies.

Risks

Investments in emerging and frontier securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Additionally, investing in emerging and frontier markets countries are substantially smaller, less liquid and more volatile than securities markets in more developed markets.

These and other risks associated with investing in the Fund can be found in the prospectus.

Fund Facts
Inception Date 07/13/2022
Fund Assets $59.46 million (10/30/2024)
Currency USD
Ticker MEM
Cusip 577-125-818
Primary Exchange NYSE Arca
Benchmark MSCI Emerging Markets Index
Geographic Focus Emerging Markets - Countries generally include every country in the world except the United States, Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Singapore and most of the countries in Western Europe
Fees & Expenses
Gross Expense Ratio 0.79%

NAV & Market Price

(as of 10/29/2024)
NAV $32.95
NAV Change -0.15
Market Price $32.95
Market Price Change -0.14
Day's Trading Volume 1,555 Shares
Median BID/ASK Spread (30 Day) 0.33% (as of 10/29/2024)
Premium Discount 0.00%
Number of days at Premium/Discount
2024 2023
Q4 Q3 Q2 Q1
Premium 11 36 37 56 166
Discount 9 26 23 4 73

The NAV of an ETF represents the value of all the securities held by the ETF such as shares or bonds and cash minus any liabilities such as Total Expense Ratio (TER), and divided by the number of shares outstanding. An ETF’s market price is the price at which investors can buy or sell an ETF on an exchange. This price may deviate from the NAV of the ETF depending on demand for and supply for the ETF at a point in time.

The Premium/Discount chart shows the difference between the daily market price of the Fund’s shares and the Fund’s net asset value (“NAV”). The daily market price is calculated using the mid-point between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund’s NAV is calculated (usually 4:00 pm Eastern time). The vertical axis of the chart shows the premium or discount of the Mid-Point price as a percentage of the NAV. The horizontal axis shows the number of trading days covered by the chart, and each bar in the chart demonstrates how many days the Fund traded within the given premium/discount range. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

ETFs may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market prices (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Performance

  • Monthly
  • Quarterly
  • Calendar Year
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As of 09/30/2024
Average Annual Total Returns
Name 1MO 3MO YTD 1YR 3YR 5YR 10YR Since Inception Inception Date
Matthews Emerging Markets Equity Active ETF - MEM
07/13/2022
NAV
8.52% 8.95% 18.17% 26.75% n.a. n.a. n.a. 14.19%
Market Price
7.42% 7.95% 16.77% 25.57% n.a. n.a. n.a. 13.63%
MSCI Emerging Markets Index
6.72% 8.88% 17.24% 26.54% n.a. n.a. n.a. 12.25%
As of 09/30/2024
Average Annual Total Returns
Name 1MO 3MO YTD 1YR 3YR 5YR 10YR Since Inception Inception Date
Matthews Emerging Markets Equity Active ETF - MEM
07/13/2022
NAV
8.52% 8.95% 18.17% 26.75% n.a. n.a. n.a. 14.19%
Market Price
7.42% 7.95% 16.77% 25.57% n.a. n.a. n.a. 13.63%
MSCI Emerging Markets Index
6.72% 8.88% 17.24% 26.54% n.a. n.a. n.a. 12.25%
For the years ended December 31st
Name 2023
Matthews Emerging Markets Equity Active ETF - MEM
NAV
7.51%
Market Price
6.93%
MSCI Emerging Markets Index (USD)
10.27%

Source: BNY Mellon Investment Servicing (US) Inc. All performance is in US$.

Year to Date and Since Inception performance with less than one year of history represents actual performance, not annualized.

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.

Net asset value (“NAV”) returns are based on the dollar value of a single share of the ETF, calculated using the value of the underlying assets of the ETF minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects the reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the ETF’s shares may differ significantly from their NAV during periods of market volatility.

Top 10 Holdings

(as of 10/31/2024)
Ticker Name SEDOL Market Value Shares % Net Assets
2330 TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. 6889106 $5,240,012 163,000 8.8
IBN ICICI BANK, LTD. ADR 2569286 $2,202,472 70,389 3.7
700 TENCENT HOLDINGS, LTD. BMMV2K8 $2,178,296 41,200 3.7
HDB HDFC BANK, LTD. ADR 2781648 $1,731,435 26,982 2.9
9988 ALIBABA GROUP HOLDING, LTD. BK6YZP5 $1,688,004 136,900 2.8
000660 SK HYNIX, INC. 6450267 $1,616,065 11,455 2.7
2317 HON HAI PRECISION INDUSTR 6438564 $1,511,657 229,000 2.5
ANTO ANTOFAGASTA PLC 0045614 $1,116,937 48,342 1.9
2318 PING AN INSURANCE GROUP CO. OF CHINA, LTD. H SHARES B01FLR7 $1,056,763 171,500 1.8
ITUB ITAU UNIBANCO H-SPON PRF 2849739 $1,020,143 166,147 1.7
3690 MEITUAN DIANPING CLASS B BGJW376 $978,908 41,200 1.6
BPI BANK OF THE PHILIPPINE ISLANDS 6074968 $913,651 365,680 1.5
YUMC YUM CHINA HOLDINGS, INC. BYW4289 $902,359 20,187 1.5
BAP CREDICORP LTD 2232878 $876,892 4,682 1.5
600036 CHINA MERCHANTS BANK CO., LTD. A SHARES BP3R273 $876,860 165,100 1.5
BBCA PT BANK CENTRAL ASIA B01C1P6 $871,589 1,321,700 1.5
FCX FREEPORT-MCMORAN INC 2352118 $857,754 18,659 1.4
005930 SAMSUNG ELECTRONICS CO., LTD. 6771720 $855,329 20,004 1.4
857 PETROCHINA CO., LTD. H SHARES 6226576 $816,332 1,096,000 1.4
MELI MERCADOLIBRE INC B23X1H3 $810,309 401 1.4
ZOMATO ZOMATO LTD BL6P210 $755,396 257,316 1.3
SHFL SHRIRAM TRANSPORT FINANCE CO., LTD. 6802608 $733,649 19,364 1.2
2308 DELTA ELECTRONICS, INC. 6260734 $718,727 57,000 1.2
2628 CHINA LIFE INSURANCE CO., LTD. H SHARES 6718976 $669,250 318,000 1.1
BHARTI BHARTI AIRTEL, LTD. 6442327 $657,798 33,864 1.1
MM MAHINDRA & MAHINDRA, LTD. 6100186 $656,008 20,372 1.1
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD. A SHARES BHQPSY7 $653,786 18,800 1.1
EMAAR EMAAR PROPERTIES PJSC B01RM25 $616,505 258,791 1.0
939 CHINA CONSTRUCTION BANK CORP. H SHARES B0LMTQ3 $613,619 799,000 1.0
TCOM CTRIP.COM INTERNATIONAL, LTD. ADR BK1K3N2 $606,554 9,323 1.0
300 MIDEA GROUP CO., LTD. BQB7ZL7 $602,578 63,300 1.0
2882 CATHAY FINANCIAL HOLDING 6425663 $602,122 280,000 1.0
MAXF MAX INDIA, LTD. B1TJG95 $598,179 40,149 1.0
IH INDIAN HOTELS CO LTD B1FRT61 $581,050 71,352 1.0
INFY INFOSYS, LTD. ADR 2398822 $575,520 27,250 1.0
FPT FPT CORP. B1HMWH6 $563,261 104,995 0.9
PBR PETROLEO BRASILEIRO-SPON 2616580 $555,422 41,234 0.9
PDD PDD HOLDINGS INC BYVW0F7 $545,365 4,512 0.9
CPALL/F CP ALL PCL-FOREIGN B08YDF9 $545,077 288,100 0.9
WEGE3 WEG SA 2945422 $537,337 57,500 0.9
SPINNEY SPINNEYS 1961 HOLDING PLC BQ68C25 $534,092 1,316,591 0.9
TLKM PT TELEKOMUNIKASI INDONESIA PERSERO BD4T6W7 $528,282 2,859,100 0.9
282330 BGF RETAIL CO., LTD. BD95QN1 $519,484 6,293 0.9
000858 WULIANGYE YIBIN CO., LTD. A SHARES BD5CPG2 $511,143 24,500 0.9
BBRI PT BANK RAKYAT INDONESIA PERSERO 6709099 $502,150 1,673,300 0.8
3908 CHINA INTERNATIONAL CAPITAL CORP., LTD. H SHARES BZ169C6 $494,280 267,200 0.8
BUPA BUPA ARABIA FOR COOPERATI B2RLCR0 $488,145 9,049 0.8
NED NEDBANK GROUP LTD 6628008 $472,455 28,064 0.8
2454 MEDIATEK, INC. 6372480 $442,884 11,000 0.7
000810 SAMSUNG FIRE & MARINE INSURANCE CO., LTD. 6155250 $442,463 1,765 0.7
MWG MOBILE WORLD INVESTMENT CORP. BP3RNW5 $439,522 168,700 0.7
207940 SAMSUNG BIOLOGICS CO., LTD. BYNJCV6 $424,424 569 0.7
JSW JSW ENERGY LTD B4X3ST8 $416,184 51,895 0.7
006400 SAMSUNG SDI CO., LTD. 6771645 $374,759 1,528 0.6
DIDIY DIDI GLOBAL INC BMBR6F0 $366,001 73,054 0.6
NU NU HOLDINGS LTD/CAYMAN IS BN6NP19 $365,156 23,214 0.6
LPC LUPIN, LTD. 6143761 $363,831 14,175 0.6
RELIANC RELIANCE INDUSTRIES, LTD. 6099626 $355,960 22,272 0.6
300760 SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD. A SHARES BHQK864 $333,752 8,800 0.6
603816 JASON FURNITURE HANGZHOU BYW5R09 $317,621 70,200 0.5
GFNORTE GRUPO FINANCIERO BANORTE- 2421041 $315,115 46,100 0.5
600809 SHANXI XINGHUACUN FEN WIN BP3R820 $306,749 11,100 0.5
MBB MILITARY COMMERCIAL JOINT STOCK BANK B6SDL09 $303,568 307,605 0.5
TVSL TVS MOTOR CO LTD 6726548 $300,029 10,260 0.5
1336 NEW CHINA LIFE INSURANCE CO., LTD. H SHARES B5730Z1 $298,371 89,900 0.5
105560 KB FINANCIAL GROUP, INC. B3DF0Y6 $297,896 4,385 0.5
JD JD.COM, INC. ADR BMM27D9 $296,262 7,401 0.5
035420 NAVER CORP. 6560393 $292,475 2,318 0.5
6099 CHINA MERCHANTS SECURITIE BDCFSQ5 $267,166 162,000 0.4
017670 SK TELECOM CO., LTD. 6224871 $265,811 6,457 0.4
BPAC11 BANCO BTG PACTUAL SA-UNIT BZBZVC7 $260,477 46,100 0.4
2383 ELITE MATERIAL CO., LTD. 6316121 $248,767 19,000 0.4
DNP DINO POLSKA SA BD0YVN2 $219,173 2,694 0.4
FIBRAPL PROLOGIS PROPERTY MEXICO BN56JP1 $158,799 48,265 0.3
000333 MIDEA GROUP CO., LTD. A SHARES BD5CPP1 $26,520 2,600 0.0
462870 SHIFT UP CORP BT5GC87 $21,679 461 0.0
CASH CASH AND OTHERS $5,886,648 9.9
CURR CNY $489,959 0.8
CURR EUR $6 0.0
CURR GBP $0 0.0
CURR INR $2 0.0
CURR PLN $3 0.0
TOTAL 32.6

Portfolio Breakdown (%)

(as of 09/30/2024)
  • Sector Allocation
  • Country Allocation
  • Market Cap Exposure
Sector Fund Benchmark Difference
Financials 28.0 22.8 5.2
Consumer Discretionary 23.9 14.0 9.9
Information Technology 16.0 22.2 -6.2
Communication Services 8.7 9.4 -0.7
Consumer Staples 4.9 5.2 -0.3
Real Estate 4.8 1.6 3.2
Industrials 3.6 6.8 -3.2
Health Care 3.2 3.6 -0.4
Materials 2.6 6.6 -4.0
Energy 1.7 4.8 -3.1
Utilities 0.7 2.9 -2.2
Cash and Other Assets, Less Liabilities 1.9 0.0 1.9

Sector data based on MSCI’s revised Global Industry Classification Standards. For more details, visit www.msci.com.

Country Fund Benchmark Difference
China/Hong Kong 38.3 27.9 10.4
India 18.6 19.5 -0.9
Taiwan 10.0 17.5 -7.5
South Korea 8.4 10.4 -2.0
Brazil 3.8 4.8 -1.0
Indonesia 2.8 1.6 1.2
United States 2.4 0.0 2.4
Vietnam 2.2 0.0 2.2
United Arab Emirates 1.9 1.2 0.7
Singapore 1.6 0.0 1.6
Philippines 1.5 0.6 0.9
Chile 1.5 0.4 1.1
Peru 1.4 0.3 1.1
Thailand 1.0 1.5 -0.5
Saudi Arabia 0.8 3.8 -3.0
South Africa 0.8 3.1 -2.3
Mexico 0.8 1.9 -1.1
Poland 0.4 0.9 -0.5
Malaysia 0.0 1.5 -1.5
Qatar 0.0 0.8 -0.8
Kuwait 0.0 0.7 -0.7
Turkey 0.0 0.6 -0.6
Greece 0.0 0.5 -0.5
Hungary 0.0 0.2 -0.2
Colombia 0.0 0.1 -0.1
Czech Republic 0.0 0.1 -0.1
Egypt 0.0 0.1 -0.1
Cash and Other Assets, Less Liabilities 1.9 0.0 1.9

Not all countries are included in the benchmark index(es).

Equity market cap of issuer Fund Benchmark Difference
Mega Cap (over $25B) 70.4 59.1 11.3
Large Cap ($10B-$25B) 18.5 22.6 -4.1
Mid Cap ($3B-$10B) 7.4 17.8 -10.4
Small Cap (under $3B) 1.9 0.4 1.5
Cash and Other Assets, Less Liabilities 1.9 0.0 1.9

Source: FactSet Research Systems.

Percentage values in data are rounded to the nearest tenth of one percent, so the values may not sum to 100% due to rounding. Percentage values may be derived from different data sources and may not be consistent with other Fund literature.

Portfolio Characteristics

(as of 09/30/2024)
Fund Benchmark
Number of Positions 78 1,277
Weighted Average Market Cap $162.1 billion $158.8 billion
Active Share 67.8 n.a.
P/E using FY1 estimates 15.1x 13.3x
P/E using FY2 estimates 13.1x 11.9x
Price/Cash Flow 8.4 8.7
Price/Book 2.3 1.9
Return On Equity 14.3 15.9
EPS Growth (3 Yr) 12.5% 17.4%

Sources: Factset Research Systems, Inc.

Distributions

Ex Date Record Date Pay Date Reinvest Date Ordinary
Income
Short Term
Capital Gains
Long Term
Capital Gains
Total Distributions
Per Share
% of NAV
12/14/2023 12/15/2023 12/21/2023 12/14/2023 $0.00305 $0.00000 $0.00000 $0.00305 0.0%

 

There is no guarantee that the Fund will pay or continue to pay distributions. 

Past performance is no guarantee of future results. Investment return and principal value will fluctuate with changing market conditions so that shares, when redeemed, may be worth more or less than their original cost.

Portfolio Managers

Sean  Taylor photo
Sean Taylor

Lead Manager

Alex  Zarechnak photo
Alex Zarechnak

Lead Manager

Andrew  Mattock, CFA photo
Andrew Mattock, CFA

Co-Manager

Peeyush  Mittal, CFA photo
Peeyush Mittal, CFA

Co-Manager

Jeremy  Sutch, CFA photo
Jeremy Sutch, CFA

Co-Manager

 

Visit our Glossary of Terms page for definitions and additional information.

Index Definitions

The information contained herein has been derived from sources believed to be reliable and accurate at the time of compilation, but no representation or warranty (express or implied) is made as to the accuracy or completeness of any of this information. Neither the funds nor the Investment Advisor accept any liability for losses either direct or consequential caused by the use of this information.