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Matthews Asia Dividend Active ETF
ADVE

Snapshot
  • Total return strategy seeks to access the growth of Asia Pacific with lower volatility
  • Unconstrained all-cap portfolio with a quality bias
  • Flexible approach offers participation in both growth and value markets

09/21/2023

Inception Date

1.48%

NAV YTD Return

(as of 04/29/2025)

$32.45

NAV

(as of 04/29/2025)

+0.04

1 Day NAV Change

(as of 04/29/2025)

Objective

Total return with an emphasis on providing current income.

Strategy

Under normal circumstances, the Matthews Asia Dividend Active ETF seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in dividend-paying equity securities of companies located in Asia. The Fund may also invest in convertible debt and equity securities. The Fund seeks to provide a level of current income that is higher than the yield generally available in Asian equity markets over the long term.

Risks

Investments in Asian securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investing in emerging and frontier markets involves different and greater risks, as these countries are substantially smaller, less liquid and more volatile than securities markets in more developed markets. There is no guarantee that the Fund's or the companies in its portfolio will pay or continue to pay dividends.

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

Fund Facts
Inception Date 09/21/2023
Fund Assets $3.27 million (04/30/2025)
Currency USD
Ticker ADVE
Cusip 577-130-586
Primary Exchange NYSE Arca
Benchmark MSCI All Country Asia Pacific Index
Geographic Focus Asia - Consists of all countries and markets in Asia, including developed, emerging, and frontier countries and markets in the Asian region
Fees & Expenses
Gross Expense Ratio 0.79%

NAV & Market Price

(as of 04/29/2025)
NAV $32.45
NAV Change +0.04
Market Price $32.78
Market Price Change +0.08
Day's Trading Volume 264 Shares
Median BID/ASK Spread (30 Day) 0.22% (as of 04/29/2025)
Premium Discount +1.02%
Number of days at Premium/Discount
2025 2024
Q2 Q1
Premium 14 47 206
Discount 6 11 40

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 03/31/2025
Average Annual Total Returns
Name 1MO 3MO YTD 1YR 3YR 5YR 10YR Since Inception Inception Date
Matthews Asia Dividend Active ETF - ADVE
09/21/2023
NAV
0.61% 0.58% 0.58% 5.83% n.a. n.a. n.a. 9.10%
Market Price
0.89% 1.42% 1.42% 6.22% n.a. n.a. n.a. 9.73%
MSCI All Country Asia Pacific Index
-0.19% 0.97% 0.97% 5.66% n.a. n.a. n.a. 11.92%
As of 03/31/2025
Average Annual Total Returns
Name 1MO 3MO YTD 1YR 3YR 5YR 10YR Since Inception Inception Date
Matthews Asia Dividend Active ETF - ADVE
09/21/2023
NAV
0.61% 0.58% 0.58% 5.83% n.a. n.a. n.a. 9.10%
Market Price
0.89% 1.42% 1.42% 6.22% n.a. n.a. n.a. 9.73%
MSCI All Country Asia Pacific Index
-0.19% 0.97% 0.97% 5.66% n.a. n.a. n.a. 11.92%
For the years ended December 31st
Name 2024
Matthews Asia Dividend Active ETF - ADVE
NAV
7.30%
Market Price
7.15%
MSCI All Country Asia Pacific Index (USD)
10.01%

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

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 05/01/2025)
Ticker Name SEDOL Market Value Shares % Net Assets
TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. ADR 2113382 $217,697 1,306 6.7
700 TENCENT HOLDINGS, LTD. BMMV2K8 $159,996 2,600 4.9
8001 ITOCHU CORP. 6467803 $76,577 1,500 2.3
TCS TATA CONSULTANCY SERVICES, LTD. B01NPJ1 $64,263 1,572 2.0
6701 NEC CORP. 6640400 $60,923 2,500 1.9
086790 HANA FINANCIAL GROUP, INC. B0RNRF5 $60,893 1,342 1.9
6758 SONY GROUP CORP. 6821506 $60,806 2,300 1.9
1299 AIA GROUP, LTD. B4TX8S1 $59,938 8,000 1.8
HDB HDFC BANK, LTD. ADR 2781648 $59,533 819 1.8
9988 ALIBABA GROUP HOLDING, LTD. BK6YZP5 $56,063 3,700 1.7
8766 TOKIO MARINE HOLDINGS, INC. 6513126 $56,024 1,400 1.7
CBA COMMONWEALTH BANK OF AUSTRALIA 6215035 $55,645 522 1.7
9435 HIKARI TSUSHIN, INC. 6416322 $55,496 200 1.7
TLS TELSTRA GROUP, LTD. 6087289 $54,292 18,814 1.7
SKM SK TELECOM CO., LTD. ADR BMCNGB3 $53,630 2,484 1.6
9618 JD.COM, INC. CLASS A BKPQZT6 $52,778 3,200 1.6
8002 MARUBENI CORP. 6569464 $51,397 2,900 1.6
ANZ ANZ GROUP HOLDINGS, LTD. 6065586 $50,459 2,641 1.5
7269 SUZUKI MOTOR CORP. 6865504 $50,277 4,200 1.5
2502 ASAHI GROUP HOLDINGS, LTD. 6054409 $49,783 3,600 1.5
000858 WULIANGYE YIBIN CO., LTD. A SHARES BD5CPG2 $49,546 2,800 1.5
9999 NETEASE, INC. BM93SF4 $49,531 2,300 1.5
PWGR POWER GRID CORP. OF INDIA, LTD. B233HS6 $49,413 13,578 1.5
8306 MITSUBISHI UFJ FINANCIAL GROUP, INC. 6335171 $49,311 3,900 1.5
2802 AJINOMOTO CO., INC. 6010906 $49,063 2,400 1.5
005930 SAMSUNG ELECTRONICS CO., LTD. 6771720 $49,038 1,256 1.5
4063 SHIN-ETSU CHEMICAL CO., LTD. 6804585 $48,570 1,600 1.5
1211 BYD CO., LTD. H SHARES 6536651 $47,739 1,000 1.5
8801 MITSUI FUDOSAN CO., LTD. 6597603 $47,414 4,800 1.4
BHP BHP GROUP, LTD. 6144690 $47,235 1,933 1.4
6201 TOYOTA INDUSTRIES CORP. 6900546 $46,999 400 1.4
8591 ORIX CORP. 6661144 $45,971 2,300 1.4
1052 YUEXIU TRANSPORT INFRASTRUCTURE, LTD. 6398787 $45,247 102,000 1.4
BBRI PT BANK RAKYAT INDONESIA PERSERO TBK 6709099 $44,669 192,600 1.4
YUMC YUM CHINA HOLDINGS, INC. BYW4289 $42,271 976 1.3
1812 KAJIMA CORP. 6481320 $38,216 1,600 1.2
BHARTI BHARTI AIRTEL, LTD. 6442327 $38,025 1,723 1.2
ST SINGAPORE TELECOMMUNICATIONS, LTD. B02PY11 $37,056 12,800 1.1
BDMS/F BANGKOK DUSIT MEDICAL SERVICES PUBLIC CO., LTD. F SHARES BLZGSM7 $35,707 49,700 1.1
6823 HKT TRUST & HKT, LTD. B4TXDZ3 $35,591 25,000 1.1
2669 CHINA OVERSEAS PROPERTY HOLDINGS, LTD. BYYMZN7 $34,753 50,000 1.1
HUVR HINDUSTAN UNILEVER, LTD. 6261674 $34,625 1,249 1.1
4543 TERUMO CORP. 6885074 $34,564 1,800 1.1
7203 TOYOTA MOTOR CORP. 6900643 $34,438 1,800 1.1
088980 MACQUARIE KOREA INFRASTRUCTURE FUND B10S8B7 $33,376 4,140 1.0
2891 CTBC FINANCIAL HOLDING CO., LTD. 6527666 $33,177 27,000 1.0
2318 PING AN INSURANCE GROUP CO. OF CHINA, LTD. H SHARES B01FLR7 $33,051 5,500 1.0
CSL CSL, LTD. 6185495 $32,458 202 1.0
600406 NARI TECHNOLOGY CO., LTD. A SHARES BP3R444 $31,977 10,500 1.0
058470 LEENO INDUSTRIAL, INC. 6430139 $31,872 1,255 1.0
UOB UNITED OVERSEAS BANK, LTD. 6916781 $31,836 1,200 1.0
939 CHINA CONSTRUCTION BANK CORP. H SHARES B0LMTQ3 $31,264 38,000 1.0
7832 BANDAI NAMCO HOLDINGS, INC. B0JDQD4 $31,226 900 1.0
1398 INDUSTRIAL & COMMERCIAL BANK OF CHINA, LTD. H SHARES B1G1QD8 $30,872 45,000 0.9
388 HONG KONG EXCHANGES & CLEARING, LTD. 6267359 $30,763 700 0.9
857 PETROCHINA CO., LTD. H SHARES 6226576 $30,639 40,000 0.9
000333 MIDEA GROUP CO., LTD. A SHARES BDVHRJ8 $30,410 3,000 0.9
3968 CHINA MERCHANTS BANK CO., LTD. H SHARES B1DYPZ5 $30,108 5,500 0.9
8035 TOKYO ELECTRON, LTD. 6895675 $29,760 200 0.9
000333 MIDEA GROUP CO., LTD. A SHARES BD5CPP1 $29,354 2,900 0.9
DBS DBS GROUP HOLDINGS, LTD. 6175203 $29,260 900 0.9
051910 LG CHEM, LTD. 6346913 $28,111 185 0.9
27 GALAXY ENTERTAINMENT GROUP, LTD. 6465874 $25,456 7,000 0.8
2308 DELTA ELECTRONICS, INC. 6260734 $20,855 2,000 0.6
4887 SAWAI GROUP HOLDINGS CO., LTD. BMC9NN2 $17,242 1,200 0.5
8069 E INK HOLDINGS, INC. 6744283 $13,882 2,000 0.4
CASH CASH AND OTHERS $195,179 6.0
CURR CNY $26 0.0
TOTAL 26.8

Portfolio Breakdown (%)

(as of 03/31/2025)
  • Sector Allocation
  • Country Allocation
  • Market Cap Exposure
Sector Fund Benchmark Difference
Financials 23.8 22.6 1.2
Consumer Discretionary 16.4 15.6 0.8
Information Technology 15.0 18.7 -3.7
Communication Services 12.9 9.3 3.6
Industrials 8.9 12.0 -3.1
Consumer Staples 5.1 4.3 0.8
Materials 3.8 5.0 -1.2
Health Care 3.5 5.4 -1.9
Real Estate 2.1 2.6 -0.5
Utilities 1.4 2.0 -0.6
Energy 1.1 2.5 -1.4
Cash and Other Assets, Less Liabilities 6.0 0.0 6.0

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 29.8 23.7 6.1
Japan 27.0 31.4 -4.4
Taiwan 8.9 11.2 -2.3
South Korea 7.6 6.0 1.6
India 7.3 12.4 -5.1
Australia 7.0 9.5 -2.5
Singapore 3.0 2.5 0.5
Indonesia 1.5 0.8 0.7
Thailand 1.0 0.8 0.2
Macau 1.0 0.1 0.9
Malaysia 0.0 0.9 -0.9
New Zealand 0.0 0.3 -0.3
Philippines 0.0 0.3 -0.3
Cash and Other Assets, Less Liabilities 6.0 0.0 6.0

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

Equity market cap of issuer Fund Benchmark Difference
Mega Cap (over $25B) 69.0 65.2 3.8
Large Cap ($10B-$25B) 17.9 21.5 -3.6
Mid Cap ($3B-$10B) 3.1 13.1 -10.0
Small Cap (under $3B) 4.0 0.1 3.9
Cash and Other Assets, Less Liabilities 6.0 0.0 6.0

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 03/31/2025)
Fund Benchmark
Number of Positions 66 1,256
Weighted Average Market Cap $156.7 billion $126.2 billion
Active Share 74.0 n.a.
P/E using FY1 estimates 12.9x 13.8x
P/E using FY2 estimates 11.8x 12.6x
Price/Cash Flow 8.1 8.9
Price/Book 1.7 1.7
Return On Equity 16.5 15.3
EPS Growth (3 Yr) 8.9% 9.2%

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
03/26/2025 03/26/2025 03/31/2025 03/26/2025 $0.04664 $0.00000 $0.00000 $0.04664 0.1%
12/18/2024 12/18/2024 12/23/2024 12/18/2024 $0.32340 $0.89162 $0.22328 $1.43830 4.3%
09/25/2024 09/26/2024 09/30/2024 09/25/2024 $0.15966 $0.00000 $0.00000 $0.15966 0.5%
06/26/2024 06/27/2024 07/01/2024 06/26/2024 $0.18227 $0.00000 $0.00000 $0.18227 0.6%
03/27/2024 03/28/2024 04/02/2024 03/27/2024 $0.14218 $0.00000 $0.00000 $0.14218 0.4%

 

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
Sojung  Park photo

 

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.