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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

13.74%

NAV YTD Return

(as of 12/11/2024)

$32.12

NAV

(as of 12/11/2024)

-0.19

1 Day NAV Change

(as of 12/11/2024)

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 $53.31 million (12/11/2024)
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 12/11/2024)
NAV $32.12
NAV Change -0.19
Market Price $32.28
Market Price Change +0.09
Day's Trading Volume 4,760 Shares
Median BID/ASK Spread (30 Day) 0.32% (as of 12/11/2024)
Premium Discount +0.50%
Number of days at Premium/Discount
2024 2023
Q4 Q3 Q2 Q1
Premium 23 36 37 56 166
Discount 27 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 11/30/2024
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
-2.65% 2.73% 11.86% 16.93% n.a. n.a. n.a. 10.56%
Market Price
-1.95% 3.32% 12.31% 18.00% n.a. n.a. n.a. 10.79%
MSCI Emerging Markets Index
-3.58% -1.55% 8.15% 12.42% n.a. n.a. n.a. 7.63%
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 12/12/2024)
Ticker Name SEDOL Market Value Shares % Net Assets
2330 TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. 6889106 $4,310,207 134,000 8.1
700 TENCENT HOLDINGS, LTD. BMMV2K8 $2,661,381 50,500 5.0
IBN ICICI BANK, LTD. ADR 2569286 $2,002,367 64,199 3.8
9988 ALIBABA GROUP HOLDING, LTD. BK6YZP5 $1,901,145 171,500 3.6
HDB HDFC BANK, LTD. ADR 2781648 $1,617,106 23,982 3.0
GRAB GRAB HOLDINGS, LTD. CLASS A BP6NH40 $1,156,540 214,174 2.2
ZOMATO ZOMATO, LTD. BL6P210 $1,129,037 328,269 2.1
PDD PDD HOLDINGS, INC. ADR BYVW0F7 $1,114,247 10,774 2.1
TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. ADR 2113382 $1,079,252 5,546 2.0
388 HONG KONG EXCHANGES & CLEARING, LTD. 6267359 $1,058,565 26,900 2.0
EMAAR EMAAR PROPERTIES PJSC B01RM25 $1,039,900 410,710 2.0
ANTO ANTOFAGASTA PLC 0045614 $990,573 44,094 1.9
2317 HON HAI PRECISION INDUSTRY CO., LTD. 6438564 $919,170 158,000 1.7
JD JD.COM, INC. ADR BMM27D9 $843,600 22,078 1.6
INFY INFOSYS, LTD. ADR 2398822 $835,050 35,747 1.6
000858 WULIANGYE YIBIN CO., LTD. A SHARES BD5CPG2 $833,605 40,600 1.6
BBCA PT BANK CENTRAL ASIA TBK B01C1P6 $789,785 1,205,700 1.5
SWIGGY SWIGGY, LTD. BSF1LT9 $789,677 128,212 1.5
3908 CHINA INTERNATIONAL CAPITAL CORP., LTD. H SHARES BZ169C6 $768,749 419,200 1.4
3690 MEITUAN CLASS B BGJW376 $753,819 35,100 1.4
BPI BANK OF THE PHILIPPINE ISLANDS 6074968 $743,602 333,520 1.4
FCX FREEPORT-MCMORAN, INC. 2352118 $731,817 17,019 1.4
MM MAHINDRA & MAHINDRA, LTD. 6100186 $672,770 18,580 1.3
IH INDIAN HOTELS CO., LTD. B1FRT61 $641,585 65,080 1.2
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD. A SHARES BHQPSY7 $631,373 17,200 1.2
DIDIY DIDI GLOBAL, INC. ADR BMBR6F0 $631,253 131,511 1.2
2308 DELTA ELECTRONICS, INC. 6260734 $625,169 49,000 1.2
BEKE KE HOLDINGS, INC. ADR BMBX7M2 $594,052 28,964 1.1
939 CHINA CONSTRUCTION BANK CORP. H SHARES B0LMTQ3 $582,460 727,000 1.1
2383 ELITE MATERIAL CO., LTD. 6316121 $581,015 33,000 1.1
2628 CHINA LIFE INSURANCE CO., LTD. H SHARES 6718976 $578,292 292,000 1.1
BHARTI BHARTI AIRTEL, LTD. 6442327 $577,412 30,888 1.1
FPT FPT CORP. B1HMWH6 $565,457 95,395 1.1
LPC LUPIN, LTD. 6143761 $563,420 22,229 1.1
005930 SAMSUNG ELECTRONICS CO., LTD. 6771720 $553,048 14,665 1.0
SHFL SHRIRAM FINANCE, LTD. 6802608 $552,317 14,426 1.0
2882 CATHAY FINANCIAL HOLDING CO., LTD. 6425663 $538,981 256,000 1.0
1299 AIA GROUP, LTD. B4TX8S1 $536,930 71,800 1.0
600036 CHINA MERCHANTS BANK CO., LTD. A SHARES BP3R273 $535,834 101,800 1.0
2318 PING AN INSURANCE GROUP CO. OF CHINA, LTD. H SHARES B01FLR7 $525,849 87,000 1.0
WEGE3 WEG SA 2945422 $510,795 52,700 1.0
2454 MEDIATEK, INC. 6372480 $498,646 12,000 0.9
000660 SK HYNIX, INC. 6450267 $490,480 4,088 0.9
ITUB ITAU UNIBANCO HOLDING SA ADR 2849739 $490,003 88,130 0.9
CPALL/F CP ALL PUBLIC CO., LTD. B08YDF9 $487,832 262,500 0.9
105560 KB FINANCIAL GROUP, INC. B3DF0Y6 $482,794 8,095 0.9
TLKM PT TELEKOMUNIKASI INDONESIA PERSERO TBK BD4T6W7 $468,652 2,607,900 0.9
NU NU HOLDINGS, LTD. CLASS A BN6NP19 $458,193 37,373 0.9
BUPA BUPA ARABIA FOR COOPERATIVE INSURANCE CO. B2RLCR0 $455,243 8,257 0.9
2382 QUANTA COMPUTER, INC. 6141011 $450,536 51,000 0.8
BBRI PT BANK RAKYAT INDONESIA PERSERO TBK 6709099 $420,001 1,526,100 0.8
000810 SAMSUNG FIRE & MARINE INSURANCE CO., LTD. 6155250 $417,359 1,613 0.8
NED NEDBANK GROUP, LTD. 6628008 $417,118 25,600 0.8
017670 SK TELECOM CO., LTD. 6224871 $414,231 10,498 0.8
857 PETROCHINA CO., LTD. H SHARES 6226576 $410,309 552,000 0.8
JSW JSW ENERGY, LTD. B4X3ST8 $378,050 47,335 0.7
MAXF MAX FINANCIAL SERVICES, LTD. B1TJG95 $369,010 27,345 0.7
207940 SAMSUNG BIOLOGICS CO., LTD. BYNJCV6 $345,296 521 0.6
RELIANC RELIANCE INDUSTRIES, LTD. 6099626 $306,016 20,312 0.6
GFNORTE GRUPO FINANCIERO BANORTE SAB DE CV CLASS O 2421041 $291,731 42,100 0.5
600809 SHANXI XINGHUACUN FEN WINE FACTORY CO., LTD. A SHARES BP3R820 $290,015 10,300 0.5
300760 SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD. A SHARES BHQK864 $288,384 8,000 0.5
TVSL TVS MOTOR CO., LTD. 6726548 $279,160 9,356 0.5
2379 REALTEK SEMICONDUCTOR CORP. 6051422 $275,763 17,000 0.5
MBB MILITARY COMMERCIAL JOINT STOCK BANK B6SDL09 $268,367 280,405 0.5
1336 NEW CHINA LIFE INSURANCE CO., LTD. H SHARES B5730Z1 $266,470 81,900 0.5
MELI MERCADOLIBRE, INC. B23X1H3 $265,702 140 0.5
1776 GF SECURITIES CO., LTD. H SHARES BW4NKK8 $259,084 180,200 0.5
DNP DINO POLSKA SA BD0YVN2 $248,742 2,454 0.5
2669 CHINA OVERSEAS PROPERTY HOLDINGS, LTD. BYYMZN7 $140,689 200,000 0.3
SPINNEY SPINNEYS 1961 HOLDING PLC BQ68C25 $54,189 128,413 0.1
000333 MIDEA GROUP CO., LTD. A SHARES BD5CPP1 $26,835 2,600 0.1
CASH CASH AND OTHERS $3,313,488 6.2
CURR CNY $480,690 0.9
CURR EUR $6 0.0
CURR GBP $0 0.0
CURR INR $-250,362 -0.5
CURR PLN $3 0.0
TOTAL 33.8

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.