Message to Matthews Emerging Markets ex China Active ETF Shareholders

We are pleased to announce that Alex Zarechnak has been named a Lead Manager of the Matthews Emerging Markets ex China Active ETF (ETF) in recognition of his contributions. Alex will serve as a Lead Manager alongside John Paul Lech.

Alex joined the firm as a Senior Research Analyst on the Matthews Emerging Markets Equity strategy in 2020 and was promoted to Co-Manager in 2022. The decision to promote Alex to a Lead Manager of the Matthews Emerging Markets ex China Active ETF is in recognition of his many meaningful contributions.

Alex has extensive experience in Emerging Markets and has worked closely with John Paul since the inception of the ETF. This has included conducting company research and discussing and debating the individual securities, position sizes, and overall structure of the portfolio. He has also had a hands-on role in risk monitoring and ensuring that the ETF meet its investment objective. Alex has in-depth knowledge of the ETF’s investment approach and a strong understanding of the companies in the portfolio.

We are very proud of the depth and diversity of the investment team that we have built at Matthews for over 30 years.

Thank you for your investment in the Matthews Asia Funds.

Yours truly,

Cooper Abbott Chief Executive Officer Matthews Asia		Robert Horrocks, PhD Chief Investment Officer Matthews Asia

You should consider the investment objectives, risks, charges and expenses of the Matthews Asia Funds carefully before making an investment decision. A prospectus or a summary prospectus with this and other information about the Funds may be obtained by visiting matthewsasia.com. Please read the prospectus carefully before investing as it explains the risks associated with investing in international markets. 

Investments involve risk, including possible loss of principal. Investments in international, emerging and frontier markets involve risks such as economic, social and political instability, market illiquidity, currency fluctuations, high levels of volatility, and limited regulation, which may adversely affect the value of the Fund's assets. Additionally, investing in emerging and frontier securities involves greater risks than investing in securities of developed markets, as issuers in these countries generally disclose less financial and other information publicly or restrict access to certain information from review by non-domestic authorities. Emerging and frontier markets tend to have less stringent and less uniform accounting, auditing and financial reporting standards, limited regulatory or governmental oversight, and limited investor protection or rights to take action against issuers, resulting in potential material risks to investors. There is no guarantee that the Fund or the companies in its portfolio will pay or continue to pay dividends.

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.