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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

7.72%

NAV YTD Return

(as of 05/23/2024)

$30.42

NAV

(as of 05/23/2024)

-0.11

1 Day NAV Change

(as of 05/23/2024)

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 $54.96 million (05/24/2024)
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 05/23/2024)
NAV $30.42
NAV Change -0.11
Market Price $30.26
Market Price Change -0.16
Day's Trading Volume 10,283 Shares
Median BID/ASK Spread (30 Day) 0.33% (as of 05/23/2024)
Premium Discount -0.53%
Number of days at Premium/Discount
2024 2023
Q2 Q1
Premium 26 56 166
Discount 12 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 04/30/2024
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
-0.10% 8.76% 3.79% 9.17% n.a. n.a. n.a. 9.58%
Market Price
-0.82% 8.11% 3.29% 8.32% n.a. n.a. n.a. 9.34%
MSCI Emerging Markets Index
0.47% 7.92% 2.92% 10.33% n.a. n.a. n.a. 7.25%
As of 03/31/2024
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
3.24% 3.90% 3.90% 8.56% n.a. n.a. n.a. 10.12%
Market Price
3.37% 4.14% 4.14% 8.93% n.a. n.a. n.a. 10.34%
MSCI Emerging Markets Index
2.52% 2.44% 2.44% 8.59% n.a. n.a. n.a. 7.32%
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
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 05/28/2024)
Ticker Name SEDOL Market Value Shares % Net Assets
2330 TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. 6889106 $4,379,602 163,000 8.0
700 TENCENT HOLDINGS, LTD. BMMV2K8 $2,977,014 61,700 5.4
005930 SAMSUNG ELECTRONICS CO., LTD. 6771720 $1,854,853 33,468 3.4
3690 MEITUAN DIANPING CLASS B BGJW376 $1,417,004 95,200 2.6
HDB HDFC BANK, LTD. ADR 2781648 $1,335,392 23,024 2.4
9618 JD.COM INC-CLASS A BKPQZT6 $1,293,428 84,500 2.4
TCOM CTRIP.COM INTERNATIONAL, LTD. ADR BK1K3N2 $1,175,692 22,288 2.1
9988 ALIBABA GROUP HOLDING, LTD. BK6YZP5 $1,102,212 110,200 2.0
FPT FPT CORP. B1HMWH6 $1,059,534 204,605 1.9
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD. A SHARES BHQPSY7 $1,057,200 38,200 1.9
FCX FREEPORT-MCMORAN INC 2352118 $1,056,674 20,506 1.9
IBN ICICI BANK, LTD. ADR 2569286 $1,052,885 38,539 1.9
TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. ADR 2113382 $1,034,080 6,463 1.9
GFNORTE GRUPO FINANCIERO BANORTE- 2421041 $1,020,713 103,800 1.9
GCC* GCC SAB DE CV 2946663 $938,406 84,500 1.7
000660 SK HYNIX, INC. 6450267 $918,244 6,332 1.7
UTCEM ULTRATECH CEMENT, LTD. B01GZF6 $905,437 7,354 1.6
DNP DINO POLSKA SA BD0YVN2 $901,265 8,694 1.6
RELIANC RELIANCE INDUSTRIES, LTD. 6099626 $867,763 24,357 1.6
TTE TOTALENERGIES SE -SPON AD 2898032 $864,820 12,092 1.6
2454 MEDIATEK, INC. 6372480 $851,773 23,000 1.5
KSPI JSC KASPI.KZ ADR BJY21K1 $842,813 6,897 1.5
600036 CHINA MERCHANTS BANK CO., LTD. A SHARES BP3R273 $833,812 174,300 1.5
BPAC11 BANCO BTG PACTUAL SA-UNIT BZBZVC7 $791,985 127,100 1.4
BAP CREDICORP LTD 2232878 $775,120 4,694 1.4
005935 SAMSUNG ELECTRONICS CO., LTD., PFD. 6773812 $773,087 17,049 1.4
IH INDIAN HOTELS CO LTD B1FRT61 $769,746 112,247 1.4
WEGE3 WEG SA 2945422 $768,809 103,300 1.4
MBB MILITARY COMMERCIAL JOINT STOCK BANK B6SDL09 $756,153 857,905 1.4
MWG MOBILE WORLD INVESTMENT CORP. BP3RNW5 $697,373 293,600 1.3
5274 ASPEED TECHNOLOGY INC B80VKP3 $687,058 6,000 1.3
VBL VARUN BEVERAGES LTD BQLPLZ7 $686,624 38,081 1.2
EMAAR EMAAR PROPERTIES PJSC B01RM25 $682,935 320,761 1.2
BBRI PT BANK RAKYAT INDONESIA PERSERO 6709099 $666,511 2,258,300 1.2
TBBB BBB FOODS INC-CLASS A BMCGP59 $660,731 23,397 1.2
AC AYALA CORPORATION B09JBT3 $650,584 61,360 1.2
MELI MERCADOLIBRE INC B23X1H3 $643,557 380 1.2
GLOB GLOBANT SA BP40HF4 $636,658 3,824 1.2
2020 ANTA SPORTS PRODUCTS, LTD. B1YVKN8 $616,146 55,400 1.1
YUMC YUM CHINA HOLDINGS, INC. BYW4289 $590,067 16,510 1.1
105560 KB FINANCIAL GROUP, INC. B3DF0Y6 $582,014 10,365 1.1
INFY INFOSYS, LTD. ADR 2398822 $571,196 32,903 1.0
000858 WULIANGYE YIBIN CO., LTD. A SHARES BD5CPG2 $566,132 27,200 1.0
939 CHINA CONSTRUCTION BANK CORP. H SHARES B0LMTQ3 $556,945 749,000 1.0
005380 HYUNDAI MOTOR CO. 6451055 $554,728 2,840 1.0
BUPA BUPA ARABIA FOR COOPERATI B2RLCR0 $554,434 9,049 1.0
SPINNEY SPINNEYS 1961 HOLDING PLC BQ68C25 $548,445 1,316,591 1.0
000333 MIDEA GROUP CO., LTD. A SHARES BDVHRJ8 $517,710 56,300 0.9
2318 PING AN INSURANCE GROUP CO. OF CHINA, LTD. H SHARES B01FLR7 $516,644 96,000 0.9
SHFL SHRIRAM TRANSPORT FINANCE CO., LTD. 6802608 $510,328 17,688 0.9
PRIO3 PRIO SA BYY0144 $485,824 57,600 0.9
BEKE KE HOLDINGS INC-ADR BMBX7M2 $481,574 28,906 0.9
KMB KOTAK MAHINDRA BANK, LTD. 6135661 $477,185 23,278 0.9
PBR PETROLEO BRASILEIRO-SPON 2616580 $454,781 30,687 0.8
FIBRAPL PROLOGIS PROPERTY MEXICO BN56JP1 $454,619 116,565 0.8
006400 SAMSUNG SDI CO., LTD. 6771645 $447,410 1,528 0.8
FERTIGL FERTIGLOBE PLC BMXCL70 $406,491 606,911 0.7
1801 INNOVENT BIOLOGICS, INC. BGR6KX5 $404,326 88,000 0.7
300760 SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD. A SHARES BHQK864 $366,078 8,800 0.7
BHARTI BHARTI AIRTEL, LTD. 6442327 $296,473 17,743 0.5
NU NU HOLDINGS LTD/CAYMAN IS BN6NP19 $272,300 23,214 0.5
PDD PDD HOLDINGS INC BYVW0F7 $268,184 1,702 0.5
VALE VALE SA-SP ADR 2857334 $266,036 21,114 0.5
960 LONGFOR GROUP HOLDINGS LT B56KLY9 $246,573 142,500 0.4
DIDIY DIDI GLOBAL INC BMBR6F0 $244,251 52,527 0.4
051910 LG CHEM, LTD. 6346913 $235,911 820 0.4
000333 MIDEA GROUP CO., LTD. A SHARES BD5CPP1 $23,852 2,600 0.0
CASH CASH AND OTHERS $783,235 1.4
CURR CNY $764,719 1.4
CURR EUR $6 0.0
CURR GBP $0 0.0
CURR HKD $8,154 0.0
CURR INR $26 0.0
CURR PLN $3 0.0
CURR VND $498,162 0.9
TOTAL 32.1

Portfolio Breakdown (%)

(as of 03/31/2024)
  • Sector Allocation
  • Country Allocation
  • Market Cap Exposure
Sector Fund Benchmark Difference
Information Technology 22.6 23.7 -1.1
Financials 21.2 22.4 -1.2
Consumer Discretionary 18.1 12.4 5.7
Materials 8.1 7.2 0.9
Consumer Staples 4.9 5.6 -0.7
Communication Services 4.5 8.6 -4.1
Energy 4.5 5.3 -0.8
Industrials 2.8 7.0 -4.2
Real Estate 2.0 1.5 0.5
Health Care 1.3 3.5 -2.2
Utilities 0.0 2.8 -2.8
Cash and Other Assets, Less Liabilities 10.0 0.0 10.0

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 22.0 25.2 -3.2
India 12.0 17.7 -5.7
Taiwan 10.1 17.5 -7.4
South Korea 9.2 12.8 -3.6
Brazil 6.7 5.2 1.5
Vietnam 5.6 0.0 5.6
Mexico 5.5 2.7 2.8
United States 5.0 0.0 5.0
France 2.5 0.0 2.5
Indonesia 2.2 1.9 0.3
Kazakhstan 2.0 0.0 2.0
United Arab Emirates 1.9 1.2 0.7
Poland 1.6 1.0 0.6
Philippines 1.3 0.6 0.7
Saudi Arabia 1.2 4.2 -3.0
Peru 1.2 0.3 0.9
South Africa 0.0 2.8 -2.8
Thailand 0.0 1.5 -1.5
Malaysia 0.0 1.4 -1.4
Kuwait 0.0 0.8 -0.8
Qatar 0.0 0.8 -0.8
Turkey 0.0 0.7 -0.7
Chile 0.0 0.5 -0.5
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 10.0 0.0 10.0

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

Equity market cap of issuer Fund Benchmark Difference
Mega Cap (over $25B) 58.5 56.3 2.2
Large Cap ($10B-$25B) 13.1 22.0 -8.9
Mid Cap ($3B-$10B) 16.3 20.6 -4.3
Small Cap (under $3B) 2.0 1.0 1.0
Cash and Other Assets, Less Liabilities 10.0 0.0 10.0

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 03/31/2024)
Fund Benchmark
Number of Positions 57 1,376
Weighted Average Market Cap $151.8 billion $128.9 billion
Active Share 78.8 n.a.
P/E using FY1 estimates 14.2x 12.5x
P/E using FY2 estimates 12.0x 11.1x
Price/Cash Flow 10.5 7.7
Price/Book 2.5 1.7
Return On Equity 19.7 15.4
EPS Growth (3 Yr) 23.5% 17.9%

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.