Under normal circumstances, the Matthews China 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 China. 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 markets involves different and greater risks, as these countries are substantially smaller, less liquid and more volatile than securities markets in more developed markets. In addition, investments in a single-country fund, which is considered a non-diversified fund, may be subject to a higher degree of market risk than diversified funds because of concentration in a specific country.
These and other risks associated with investing in the Fund can be found in the
prospectus.
China - China includes its administrative and other districts, such as Hong Kong
Fees & Expenses
Gross Expense Ratio
0.79%
Objective
Long-term capital appreciation
Strategy
Under normal circumstances, the Matthews China 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 China. 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 markets involves different and greater risks, as these countries are substantially smaller, less liquid and more volatile than securities markets in more developed markets. In addition, investments in a single-country fund, which is considered a non-diversified fund, may be subject to a higher degree of market risk than diversified funds because of concentration in a specific country.
The risks associated with investing in the Fund can be found in the prospectus
NAV & Market Price
(as of 08/08/2022)
NAV
$23.78
NAV Change
-0.35
Market Price
$23.83
Market Price Change
-0.32
Day's Trading Volume
5,254 Shares
Median BID/ASK Spread (30 Day)
n.a.
Premium Discount
+0.21%
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.
Top 10 Holdings
(as of 08/10/2022)
Ticker
Name
SEDOL
Market Value
Shares
% Net Assets
9988
ALIBABA GROUP HOLDING, LTD.
BK6YZP5
$99,303
8,700
7.0
3690
MEITUAN DIANPING CLASS B
BGJW376
$80,714
3,600
5.7
PDD
PINDUODUO INC-ADR
BYVW0F7
$73,977
1,563
5.2
9618
JD.COM INC - CL A
BKPQZT6
$65,523
2,250
4.6
3908
CHINA INTERNATIONAL CAPITAL CORP., LTD. H SHARES
BZ169C6
$51,804
28,800
3.6
600036
CHINA MERCHANTS BANK CO., LTD. A SHARES
BP3R273
$49,244
9,900
3.5
700
TENCENT HOLDINGS, LTD.
BMMV2K8
$45,555
1,200
3.2
6030
CITIC SECURITIES CO., LTD. H SHARES
B6SPB49
$43,071
21,000
3.0
688200
BEIJING HUAFENG TEST & CO
BP91NP4
$41,036
600
2.9
300124
SHENZHEN INOVANCE TECHNOLOGY CO., LTD. A SHARES
BD5CMN8
$30,611
3,300
2.1
002747
ESTUN AUTOMATION CO., LTD. A SHARES
BFCCQJ9
$29,918
8,100
2.1
600845
SHANGHAI BAOSIGHT SOFTWAR
BP3RCN9
$28,995
4,680
2.0
BILI
BILIBILI, INC. ADR
BFNLRN6
$27,968
1,160
2.0
BEKE
KE HOLDINGS INC-ADR
BMBX7M2
$27,920
1,990
2.0
601888
CHINA INTERNATIONAL TRAVEL SERVICE CORP., LTD. A SHARES
BP3R466
$26,309
900
1.8
300496
THUNDER SOFTWARE TECHNOLO
BD5CG03
$26,185
1,200
1.8
603659
SHANGHAI PUTAILAI NEW ENERGY TECHNOLOGY CO., LTD. A SHARES
BF2DZJ5
$26,000
2,400
1.8
000858
WULIANGYE YIBIN CO., LTD. A SHARES
BD5CPG2
$23,580
900
1.7
300450
WUXI LEAD INTELLIGENT EQU
BD6QWJ5
$23,187
2,700
1.6
881
ZHONGSHENG GROUP HOLDINGS, LTD.
B633D97
$23,160
4,500
1.6
600009
SHANGHAI INTERNATIONAL AIRPORT CO., LTD. A SHARES
BP3R4P5
$22,775
2,700
1.6
300274
SUNGROW POWER SUPPLY CO L
BD5CGB4
$22,765
1,200
1.6
300750
CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD. A SHARES
BHQPSY7
$22,719
300
1.6
002027
FOCUS MEDIA INFORMATION TECHNOLOGY CO., LTD. A SHARES
BD5CND5
$22,371
26,100
1.6
HTHT
HUAZHU GROUP, LTD. ADR
BFMFKK7
$20,251
523
1.4
600745
WINGTECH TECHNOLOGY CO LT
BK4PZC7
$19,799
1,800
1.4
002472
ZHEJIANG SHUANGHUAN DRIVE
BP91M35
$19,292
3,600
1.4
3759
PHARMARON BEIJING CO., LTD. H SHARES
BK72QD3
$18,788
2,400
1.3
000333
MIDEA GROUP CO., LTD. A SHARES
BD5CPP1
$18,710
2,400
1.3
884
CIFI HOLDINGS GROUP CO., LTD.
B8Z00N3
$18,102
70,000
1.3
688111
BEIJING KINGSOFT OFFICE S
BNR4NQ2
$17,054
600
1.2
300316
ZHEJIANG JINGSHENG MECHAN
BD5M1Y2
$15,975
1,500
1.1
601012
LONGI GREEN ENERGY TECHNO
BRTL411
$15,477
1,800
1.1
600460
HANGZHOU SILAN MICROELECT
BP3RCV7
$14,499
2,100
1.0
002371
NAURA TECHNOLOGY GROUP CO., LTD. A SHARES
BD5LYF1
$14,473
300
1.0
300832
SHENZHEN NEW INDUSTRIES B
BMB4VC3
$14,327
2,400
1.0
2269
WUXI BIOLOGICS CAYMAN, INC.
BL6B9P1
$14,236
1,500
1.0
300458
ALL WINNER TECHNOLOGY CO
BD5M1H5
$14,123
3,300
1.0
300347
HANGZHOU TIGERMED CONSULTING CO., LTD. A SHARES
BD5CCK5
$13,795
900
1.0
388
HONG KONG EXCHANGES & CLEARING, LTD.
6267359
$13,468
300
0.9
300059
EAST MONEY INFORMATION CO
BD5CPC8
$13,436
4,200
0.9
300760
SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD. A SHARES
The Markit iBoxx Asian Local Bond Index tracks the total return performance of a bond portfolio consisting of local-currency denominated, high quality and liquid bonds in Asia ex-Japan. The Markit iBoxx Asian Local Bond Index includes bonds from the following countries: China (on- and offshore markets), Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand.
The J.P. Morgan Asia Credit Index (JACI) tracks the total return performance of the Asia fixed-rate dollar bond market. JACI is a market cap-weighted index comprising sovereign, quasi-sovereign and corporate bonds and is partitioned by country, sector and credit rating. JACI includes bonds from the following countries: China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea and Thailand.
The MSCI All Country Asia ex Japan Index is a free float–adjusted market capitalization–weighted index of the stock markets of China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan and Thailand.
The MSCI All Country Asia Pacific Index is a free float–adjusted market capitalization–weighted index of the stock markets of Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Pakistan, Philippines, Singapore, South Korea, Taiwan and Thailand.
The MSCI China Index is a free float-adjusted market capitalization-weighted index of Chinese equities that includes H shares listed on the Hong Kong exchange, B shares listed on the Shanghai and Shenzhen exchanges, Hong Kong-listed securities known as Red chips (issued by entities owned by national or local governments in China) and P Chips (issued by companies controlled by individuals in China and deriving substantial revenues in China) and foreign listings (e.g. ADRs).
The MSCI China All Shares Index captures large and mid-cap representation across China A shares, B shares, H shares, Red chips (issued by entities owned by national or local governments in China), P chips (issued by companies controlled by individuals in China and deriving substantial revenues in China), and foreign listings (e.g. ADRs). The index aims to reflect the opportunity set of China share classes listed in Hong Kong,Shanghai, Shenzhen and outside of China.
The MSCI Emerging Markets (EM) Asia Index is a free float-adjusted market capitalization weighted index of the stock markets of China, India, Indonesia, Malaysia, Pakistan, Philippines, South Korea, Taiwan and Thailand. The MSCI Emerging Markets Index is a free float-adjusted market capitalization-weighted index of the stock markets of Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Russia, Saudi Arabia, South Africa, South Korea, Taiwan, Thailand, Turkey and United Arab Emirates.
The MSCI Emerging Markets Index is a free float-adjusted market capitalization-weighted index of the stock markets of Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Russia, Saudi Arabia, South Africa, South Korea, Taiwan, Thailand, Turkey and United Arab Emirates.
The MSCI Emerging Markets Small Cap Index is a free float-adjusted market capitalization weighted small cap index of the stock markets of Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungry, India, Indonesia, Kuwait, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Russia, Saudi Arabia, South Africa, South Korea, Taiwan Thailand, Turkey and United Arab Emirates.
The S&P Bombay Stock Exchange 100 (S&P BSE 100) Index is a free float–adjusted market capitalization–weighted index of 100 stocks listed on the Bombay Stock Exchange.
The MSCI Japan Index is a free float–adjusted market capitalization–weighted index of Japanese equities listed in Japan.
The Korea Composite Stock Price Index (KOSPI) is a market capitalization–weighted index of all common stocks listed on the Korea Stock Exchange.
The MSCI All Country Asia ex Japan Small Cap Index is a free float–adjusted market capitalization–weighted small cap index of the stock markets of China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan and Thailand.
The MSCI China Small Cap Index is a free float-adjusted market capitalization-weighted small cap index of the Chinese equity securities markets, including H shares listed on the Hong Kong exchange, B shares listed on the Shanghai and Shenzhen exchanges,Hong Kong-listed securities known as Red Chips (issued by entities owned by national or local governments in China) and P Chips (issued by companies controlled by individuals in China and deriving substantial revenues in China), and foreign listings (e.g., ADRs).
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.