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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

7.58%

NAV YTD Return

(as of 07/16/2024)

$33.69

NAV

(as of 07/16/2024)

-0.16

1 Day NAV Change

(as of 07/16/2024)

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 $1.68 million (07/17/2024)
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 07/16/2024)
NAV $33.69
NAV Change -0.16
Market Price $34.02
Market Price Change +0.17
Day's Trading Volume 202 Shares
Median BID/ASK Spread (30 Day) 0.20% (as of 07/16/2024)
Premium Discount +0.98%
Number of days at Premium/Discount
2024 2023
Q3 Q2 Q1
Premium 10 48 57 57
Discount 0 12 4 11

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
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As of 06/30/2024
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
2.31% 2.31% 4.33% n.a. n.a. n.a. n.a. 10.41%
Market Price
1.92% 2.18% 4.51% n.a. n.a. n.a. n.a. 10.81%
MSCI All Country Asia Pacific Index
2.39% 2.68% 7.94% n.a. n.a. n.a. n.a. 15.40%
As of 06/30/2024
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
2.31% 2.31% 4.33% n.a. n.a. n.a. n.a. 10.41%
Market Price
1.92% 2.18% 4.51% n.a. n.a. n.a. n.a. 10.81%
MSCI All Country Asia Pacific Index
2.39% 2.68% 7.94% n.a. n.a. n.a. n.a. 15.40%

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 07/18/2024)
Ticker Name SEDOL Market Value Shares % Net Assets
TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. ADR 2113382 $103,234 603 6.1
700 TENCENT HOLDINGS, LTD. BMMV2K8 $61,898 1,300 3.7
8001 ITOCHU CORP. 6467803 $52,181 1,000 3.1
HDB HDFC BANK, LTD. ADR 2781648 $50,038 829 3.0
6861 KEYENCE CORP. 6490995 $47,101 100 2.8
8766 TOKIO MARINE HOLDINGS, INC. 6513126 $43,685 1,100 2.6
8591 ORIX CORP. 6661144 $43,420 1,800 2.6
1299 AIA GROUP, LTD. B4TX8S1 $41,915 6,000 2.5
005930 SAMSUNG ELECTRONICS CO., LTD. 6771720 $39,421 628 2.3
TCS TATA CONSULTANCY SERVICES, LTD. B01NPJ1 $39,141 783 2.3
7269 SUZUKI MOTOR CORP. 6865504 $38,861 3,200 2.3
6146 DISCO CORP. 6270948 $38,730 100 2.3
2308 DELTA ELECTRONICS, INC. 6260734 $37,771 3,000 2.2
088980 MACQUARIE KOREA INFRASTRUCTURE FUND B10S8B7 $36,641 4,186 2.2
CSL CSL, LTD. 6185495 $34,826 168 2.1
PWGR POWER GRID CORP. OF INDIA, LTD. B233HS6 $31,353 7,653 1.9
HUVR HINDUSTAN UNILEVER LTD 6261674 $31,005 964 1.8
600887 INNER MONGOLIA YILI INDUSTRIAL GROUP CO., LTD. A SHARES BP3R2V7 $30,733 8,600 1.8
4063 SHIN-ETSU CHEMICAL CO., LTD. 6804585 $30,492 700 1.8
000333 MIDEA GROUP CO., LTD. A SHARES BDVHRJ8 $30,269 3,500 1.8
ALD AMPOL LTD BM91201 $29,640 1,287 1.8
600406 NARI TECHNOLOGY CO LTD-A BP3R444 $28,950 8,700 1.7
7832 BANDAI NAMCO HOLDINGS, INC. B0JDQD4 $28,860 1,400 1.7
AUB AUB GROUP LTD B0MBNC3 $28,801 1,347 1.7
VNT VENTIA SERVICES GROUP PTY BNV08F0 $27,974 10,163 1.7
BBRI PT BANK RAKYAT INDONESIA PERSERO 6709099 $27,170 91,900 1.6
BRG BREVILLE GROUP, LTD. 6158709 $27,137 1,462 1.6
3281 GLP J-REIT B8RBZV7 $27,114 32 1.6
2802 AJINOMOTO CO., INC. 6010906 $27,106 700 1.6
UOB UNITED OVERSEAS BANK, LTD. 6916781 $27,038 1,100 1.6
SKM SK TELECOM CO., LTD. ADR BMCNGB3 $26,968 1,259 1.6
000858 WULIANGYE YIBIN CO., LTD. A SHARES BD5CPG2 $26,959 1,500 1.6
TLC LOTTERY CORP LTD/THE BNRQW72 $26,943 8,023 1.6
2897 NISSIN FOODS HOLDINGS CO 6641760 $26,851 1,000 1.6
4307 NOMURA RESEARCH INSTITUTE 6390921 $26,570 900 1.6
8174 NIPPON GAS CO LTD 6640068 $26,337 1,700 1.6
9999 NETEASE INC BM93SF4 $26,176 1,400 1.6
6823 HKT TRUST & HKT, LTD. B4TXDZ3 $26,146 22,000 1.6
2371 KAKAKU.COM, INC. 6689533 $26,000 1,900 1.5
9618 JD.COM INC-CLASS A BKPQZT6 $25,962 1,900 1.5
BDMS/F BANGKOK DUSIT MED SERVICE BLZGSM7 $25,678 35,100 1.5
YUMC YUM CHINA HOLDINGS, INC. BYW4289 $25,577 819 1.5
4543 TERUMO CORP. 6885074 $25,286 1,400 1.5
5871 CHAILEASE HOLDING CO., LTD. B58J1S8 $24,813 5,000 1.5
6902 DENSO CORP. 6640381 $24,787 1,500 1.5
CLINT ASCENDAS INDIA TRUST B23DMQ9 $22,957 29,600 1.4
1414 SHO-BOND HOLDINGS CO LTD B29T1W0 $21,923 600 1.3
1052 YUEXIU TRANSPORT INFRASTRUCTURE, LTD. 6398787 $21,638 44,000 1.3
9435 HIKARI TSUSHIN, INC. 6416322 $18,876 100 1.1
425 MINTH GROUP, LTD. B0RJCG9 $18,749 12,000 1.1
823 THE LINK REIT B0PB4M7 $15,518 3,700 0.9
FPT FPT CORP. B1HMWH6 $3,516 675 0.2
CASH CASH AND OTHERS $20,952 1.2
CURR CNY $7,703 0.5
CURR TWD $467 0.0
TOTAL 31.0

Portfolio Breakdown (%)

(as of 06/30/2024)
  • Sector Allocation
  • Country Allocation
  • Market Cap Exposure
Sector Fund Benchmark Difference
Information Technology 19.9 21.4 -1.5
Financials 19.2 20.2 -1.0
Consumer Discretionary 14.5 14.0 0.5
Industrials 9.8 12.3 -2.5
Communication Services 9.2 7.9 1.3
Consumer Staples 8.2 4.4 3.8
Health Care 5.0 5.5 -0.5
Real Estate 3.8 2.7 1.1
Utilities 3.4 2.3 1.1
Materials 1.7 6.2 -4.5
Energy 1.6 3.1 -1.5
Cash and Other Assets, Less Liabilities 3.6 0.0 3.6

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

Country Fund Benchmark Difference
Japan 32.7 32.3 0.4
China/Hong Kong 21.9 18.8 3.1
Australia 10.3 10.7 -0.4
Taiwan 10.1 12.5 -2.4
India 9.1 12.4 -3.3
South Korea 6.2 7.9 -1.7
Singapore 2.9 1.9 1.0
Thailand 1.6 0.9 0.7
Indonesia 1.5 1.0 0.5
Vietnam 0.2 0.0 0.2
Malaysia 0.0 0.9 -0.9
New Zealand 0.0 0.3 -0.3
Philippines 0.0 0.3 -0.3
Macau 0.0 0.1 -0.1
Cash and Other Assets, Less Liabilities 3.6 0.0 3.6

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

Equity market cap of issuer Fund Benchmark Difference
Mega Cap (over $25B) 56.9 64.5 -7.6
Large Cap ($10B-$25B) 11.7 20.3 -8.6
Mid Cap ($3B-$10B) 15.0 14.8 0.2
Small Cap (under $3B) 12.8 0.3 12.5
Cash and Other Assets, Less Liabilities 3.6 0.0 3.6

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 06/30/2024)
Fund Benchmark
Number of Positions 52 1,397
Weighted Average Market Cap $115.6 billion $124.3 billion
Active Share 87.2 n.a.
P/E using FY1 estimates 16.3x 14.8x
P/E using FY2 estimates 14.7x 13.2x
Price/Cash Flow 10.4 9.5
Price/Book 2.3 1.7
Return On Equity 17.8 14.1
EPS Growth (3 Yr) 10.7% 13.1%

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
06/26/2024 06/26/2024 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%
12/14/2023 12/15/2023 12/21/2023 12/14/2023 $0.11636 $0.00000 $0.00000 $0.11636 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

Robert J. Horrocks, PhD photo
Kenneth  Lowe, CFA photo
Kenneth Lowe, CFA

Lead Manager

Elli  Lee photo
Elli Lee

Co-Manager

Siddharth  Bhargava photo
Siddharth Bhargava

Co-Manager

Winnie  Chwang photo
Winnie Chwang

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.