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Matthews Asia Innovators Active ETF
MINV

Snapshot
  • High-conviction, concentrated equity portfolio of innovative companies in Asia ex Japan
  • All-cap fundamental approach focused on companies with unique offerings that create or expand markets
  • Capitalizing on the new economy and the rising disposable income in Asia

07/13/2022

Inception Date

n.a.

NAV YTD Return

(as of 08/11/2022)

$25.26

NAV

(as of 08/11/2022)

+0.63

1 Day NAV Change

(as of 08/11/2022)

Objective

Long-term capital appreciation

Strategy

Under normal circumstances, the Matthews Asia Innovators 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 Asia that Matthews believes are innovators in their products, services, processes, business models, management, use of technology, or approach to creating, expanding or servicing their markets. The Fund seeks to invest in companies capable of sustainable growth based on the fundamental characteristics of those companies, including balance sheet information; number of employees; size and stability of cash flow; management’s depth, adaptability and integrity; product lines; marketing strategies; corporate governance; and financial health.

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. Sector funds may be subject to a higher degree of market risk than diversified funds because of a concentration in a specific sector. The Fund's value may be affected by changes in the science and technology-related industries.

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 $1.25 million (07/31/2022)
Currency USD
Ticker MINV
Cusip 577-125-826
Primary Exchange NYSE Arca
Benchmark MSCI All Country Asia ex Japan 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 08/11/2022)
NAV $25.26
NAV Change +0.63
Market Price $25.47
Market Price Change +0.32
Day's Trading Volume 1,809 Shares
Median BID/ASK Spread (30 Day) n.a.
Premium Discount +0.83%

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.

Performance

  • Monthly
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As of 07/31/2022
Average Annual Total Returns
Name 1MO 3MO YTD 1YR 3YR 5YR 10YR Since Inception Inception Date
Matthews Asia Innovators Active ETF - MINV
07/13/2022
NAV
n.a. n.a. n.a. n.a. n.a. n.a. n.a. -0.04%
Market Price
n.a. n.a. n.a. n.a. n.a. n.a. n.a. 0.80%
MSCI All Country Asia ex Japan Index
n.a. n.a. n.a. n.a. n.a. n.a. n.a. 1.33%

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 08/15/2022)
Ticker Name SEDOL Market Value Shares % Net Assets
ICICIBC ICICI BANK, LTD. BSZ2BY7 $182,833 16,656 7.2
9988 ALIBABA GROUP HOLDING, LTD. BK6YZP5 $130,378 11,000 5.1
3690 MEITUAN DIANPING CLASS B BGJW376 $127,961 5,600 5.0
9618 JD.COM INC - CL A BKPQZT6 $127,800 4,500 5.0
1179 H WORLD GROUP LTD BMB5YK5 $114,136 28,000 4.5
700 TENCENT HOLDINGS, LTD. BMMV2K8 $100,908 2,600 4.0
9961 TRIP.COM GROUP LTD BNYK8H9 $93,973 3,600 3.7
9868 XPENG INC - CLASS A SHARE BP6FB33 $92,018 7,600 3.6
RIL RELIANCE INDUSTRIES, LTD. 6099626 $88,320 2,672 3.5
BAF BAJAJ FINANCE, LTD. BD2N0P2 $87,539 954 3.4
HDFCB HDFC BANK, LTD. BK1N461 $80,767 4,332 3.2
2330 TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. 6889106 $68,975 4,000 2.7
9626 BILIBILI INC-CLASS Z BLF8533 $68,885 2,720 2.7
1299 AIA GROUP, LTD. B4TX8S1 $63,567 6,400 2.5
291 CHINA RESOURCES BEER HOLDINGS CO., LTD. 6972459 $56,392 8,000 2.2
300274 SUNGROW POWER SUPPLY CO L BD5CGB4 $54,916 3,000 2.2
600887 INNER MONGOLIA YILI INDUSTRIAL GROUP CO., LTD. A SHARES BP3R2V7 $54,332 10,000 2.1
BMRI PT BANK MANDIRI PERSERO 6651048 $49,576 85,800 1.9
3661 ALCHIP TECHNOLOGIES, LTD. B4TPSL0 $48,096 2,000 1.9
SE SEA, LTD. ADR BYWD7L4 $45,952 518 1.8
2269 WUXI BIOLOGICS CAYMAN, INC. BL6B9P1 $45,196 5,000 1.8
300124 SHENZHEN INOVANCE TECHNOLOGY CO., LTD. A SHARES BD5CMN8 $44,510 4,800 1.7
2423 KE HOLDINGS INC-CL A BN7SX97 $44,348 8,800 1.7
PDD PINDUODUO INC-ADR BYVW0F7 $42,261 866 1.7
035420 NAVER CORP. 6560393 $40,769 200 1.6
BZ KANZHUN LTD - ADR BM91SH0 $40,236 1,844 1.6
051910 LG CHEM, LTD. 6346913 $39,825 78 1.6
300059 EAST MONEY INFORMATION CO BD5CPC8 $38,817 11,400 1.5
6415 SILERGY CORP. BH4DMW9 $38,623 2,000 1.5
DABUR DABUR INDIA, LTD. 6297356 $37,266 5,104 1.5
000660 SK HYNIX, INC. 6450267 $35,101 490 1.4
ASII PT ASTRA INTERNATIONAL B800MQ5 $32,695 69,000 1.3
1801 INNOVENT BIOLOGICS, INC. BGR6KX5 $32,598 7,000 1.3
IIB INDUSIND BANK, LTD. 6100454 $31,468 2,320 1.2
ICBP PT INDOFOOD CBP SUKSES MAKMUR B4LD3M8 $28,626 48,400 1.1
CPN/F CENTRAL PATTANA PUBLIC CO., LTD. B6SR6J5 $28,135 15,000 1.1
APNT ASIAN PAINTS, LTD. BCRWL65 $26,594 618 1.0
GRAB GRAB HOLDINGS LTD - CL A BP6NH40 $26,373 6,850 1.0
1209 CHINA RESOURCES MIXC LIFE BMXWXT6 $26,104 6,000 1.0
000270 KIA MOTORS CORP. 6490928 $25,812 408 1.0
MWG MOBILE WORLD INVESTMENT CORP. BP3RNW5 $25,580 9,500 1.0
603259 WUXI APPTEC CO., LTD. BHWLWV4 $25,301 1,800 1.0
CASH CASH AND OTHERS $54,318 2.1
TOTAL 45.0

 

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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.