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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

8.53%

NAV YTD Return

(as of 02/02/2023)

$28.51

NAV

(as of 02/02/2023)

+0.11

1 Day NAV Change

(as of 02/02/2023)

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 $26.02 million (02/03/2023)
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 02/02/2023)
NAV $28.51
NAV Change +0.11
Market Price $28.69
Market Price Change -0.03
Day's Trading Volume 6,162 Shares
Median BID/ASK Spread (30 Day) 0.52% (as of 02/02/2023)
Premium Discount +0.63%
Number of days at Q4 2022 2022
Premium 53 92
Discount 9 26

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.

Performance

  • Monthly
  • Quarterly
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As of 12/31/2022
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
-2.77% 10.44% n.a. n.a. n.a. n.a. n.a. 5.63%
Market Price
-4.02% 11.48% n.a. n.a. n.a. n.a. n.a. 6.31%
MSCI Emerging Markets Index
-1.35% 9.79% n.a. n.a. n.a. n.a. n.a. -0.07%
As of 12/31/2022
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
-2.77% 10.44% n.a. n.a. n.a. n.a. n.a. 5.63%
Market Price
-4.02% 11.48% n.a. n.a. n.a. n.a. n.a. 6.31%
MSCI Emerging Markets Index
-1.35% 9.79% n.a. n.a. n.a. n.a. n.a. -0.07%

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 02/06/2023)
Ticker Name SEDOL Market Value Shares % Net Assets
2330 TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. 6889106 $1,696,258 93,000 6.5
005935 SAMSUNG ELECTRONICS CO., LTD., PFD. 6773812 $1,503,903 32,380 5.8
700 TENCENT HOLDINGS, LTD. BMMV2K8 $1,349,534 27,500 5.2
PRU PRUDENTIAL PLC 0709954 $832,447 50,781 3.2
HDB HDFC BANK, LTD. ADR 2781648 $820,557 12,160 3.2
FIBRAPL PROLOGIS PROPERTY MEXICO BN56JP1 $786,672 234,300 3.0
WDS WOODSIDE ENERGY GROUP LTD BMGT167 $705,448 28,384 2.7
1299 AIA GROUP, LTD. B4TX8S1 $686,504 63,400 2.6
INFY INFOSYS, LTD. ADR 2398822 $646,748 33,545 2.5
IBN ICICI BANK, LTD. ADR 2569286 $610,545 29,339 2.3
HTHT HUAZHU GROUP, LTD. ADR BFMFKK7 $495,788 10,621 1.9
BBRI PT BANK RAKYAT INDONESIA PERSERO 6709099 $476,834 1,495,000 1.8
051910 LG CHEM, LTD. 6346913 $453,390 827 1.7
9618 JD.COM INC - CL A BKPQZT6 $453,051 15,400 1.7
GFNORTE GRUPO FINANCIERO BANORTE- 2421041 $451,511 55,400 1.7
VINP VINCI PARTNERS INVESTMENT BN4N953 $434,642 41,873 1.7
AMAT APPLIED MATERIALS, INC. 2046552 $430,848 3,591 1.7
YUMC YUM CHINA HOLDINGS, INC. BYW4289 $429,976 7,315 1.7
ASR GRUPO AEROPORTUARIO SUR-A 2639361 $415,049 1,522 1.6
WLCON WILCON DEPOT, INC. BYXYHM7 $397,409 653,200 1.5
BPAC11 BANCO BTG PACTUAL SA-UNIT BZBZVC7 $396,700 100,800 1.5
388 HONG KONG EXCHANGES & CLEARING, LTD. 6267359 $395,284 8,800 1.5
CLI CAPITALAND INVESTMENT LTD BNHXFJ6 $392,872 129,300 1.5
KMB KOTAK MAHINDRA BANK, LTD. 6135661 $392,240 18,032 1.5
DNP DINO POLSKA SA BD0YVN2 $388,886 4,369 1.5
FM FIRST QUANTUM MINERALS LT 2347608 $386,094 18,500 1.5
FPT FPT CORP. B1HMWH6 $378,810 110,900 1.5
GCC* GCC SAB DE CV 2946663 $375,096 46,000 1.4
MC LVMH MOET HENNESSY LOUIS VUITTON SE 4061412 $372,816 414 1.4
CUERVO* BECLE SAB DE CV BYM4063 $370,850 147,100 1.4
TDCX TDCX INC BP2G163 $370,710 29,121 1.4
HDB HDBANK BYX3359 $370,466 468,325 1.4
VALE VALE SA-SP ADR 2857334 $368,015 21,248 1.4
000333 MIDEA GROUP CO., LTD. A SHARES BDVHRJ8 $363,869 46,400 1.4
GLOB GLOBANT SA BP40HF4 $350,972 2,066 1.3
DABUR DABUR INDIA, LTD. 6297356 $326,342 50,045 1.3
669 TECHTRONIC INDUSTRIES CO., LTD. B0190C7 $320,727 23,000 1.2
600406 NARI TECHNOLOGY CO LTD-A BP3R444 $318,910 82,800 1.2
QNBK QATAR NATIONAL BANK 6148197 $314,373 66,101 1.2
RBA RESTAURANT BRANDS ASIA LT BLGZ221 $306,229 235,333 1.2
EE EXCELERATE ENERGY INC-A BN2QTD2 $298,870 13,017 1.1
TTE TOTALENERGIES SE -SPON AD 2898032 $298,213 4,921 1.1
AC AYALA CORPORATION B09JBT3 $294,628 21,600 1.1
KSPI JSC KASPI.KZ GDR-REG S BMXZ8G7 $291,373 3,726 1.1
PI PI INDUSTRIES LTD B992PT3 $268,794 7,265 1.0
FERTIGL FERTIGLOBE PLC BMXCL70 $252,499 224,020 1.0
HYPE3 HYPERA SA B2QY968 $240,349 27,400 0.9
HAPV3 HAPVIDA PARTICIPACOES E I BF4J7N9 $237,494 262,500 0.9
SCS SAIGON CARGO SERVICE CORP. BF51JC7 $235,624 73,770 0.9
1821 ESR GROUP LTD BHNCRK0 $219,376 105,200 0.8
1093 CSPC PHARMACEUTICAL GROUP, LTD. 6191997 $219,265 188,000 0.8
AVIA AVIA AVIAN TBK PT BPG9298 $216,263 4,807,000 0.8
WEGE3 WEG SA 2945422 $202,236 27,300 0.8
PBR PETROLEO BRASILEIRO-SPON 2616580 $199,445 18,399 0.8
1801 INNOVENT BIOLOGICS, INC. BGR6KX5 $194,715 33,500 0.7
BDMS/F BANGKOK DUSIT MED SERVICE BLZGSM7 $152,125 169,700 0.6
MBB MILITARY COMMERCIAL JOINT STOCK BANK B6SDL09 $100,971 127,300 0.4
3690 MEITUAN DIANPING CLASS B BGJW376 $90,527 4,110 0.3
TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. ADR 2113382 $54,713 578 0.2
CASH CASH AND OTHERS $619,474 2.4
TOTAL 37.0

Portfolio Breakdown (%)

(as of 12/31/2022)
  • Sector Allocation
  • Country Allocation
  • Market Cap Exposure
Sector Fund Benchmark Difference
Financials 25.5 22.1 3.4
Information Technology 20.5 18.6 1.9
Consumer Discretionary 10.7 14.1 -3.4
Materials 9.8 8.9 0.9
Industrials 6.4 6.1 0.3
Energy 6.2 4.9 1.3
Real Estate 5.6 1.9 3.7
Consumer Staples 5.0 6.4 -1.4
Communication Services 4.8 9.9 -5.1
Health Care 2.9 4.1 -1.2
Utilities 0.0 3.0 -3.0
Cash and Other Assets, Less Liabilities 2.6 0.0 2.6

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 19.9 32.4 -12.5
India 14.1 14.4 -0.3
Mexico 8.5 2.3 6.2
Brazil 8.4 5.3 3.1
South Korea 6.9 11.3 -4.4
Taiwan 5.8 13.7 -7.9
Vietnam 4.6 0.0 4.6
Singapore 3.3 0.0 3.3
Indonesia 2.8 1.9 0.9
Australia 2.8 0.0 2.8
United Kingdom 2.8 0.0 2.8
United States 2.8 0.0 2.8
Canada 2.6 0.0 2.6
Philippines 2.5 0.7 1.8
France 2.5 0.0 2.5
Poland 1.5 0.7 0.8
Qatar 1.4 1.0 0.4
Argentina 1.4 0.0 1.4
Kazakhstan 1.1 0.0 1.1
United Arab Emirates 1.0 1.3 -0.3
Turkey 0.7 0.7 0.0
Saudi Arabia 0.0 4.1 -4.1
South Africa 0.0 3.7 -3.7
Thailand 0.0 2.2 -2.2
Malaysia 0.0 1.6 -1.6
Kuwait 0.0 0.9 -0.9
Chile 0.0 0.6 -0.6
Greece 0.0 0.3 -0.3
Peru 0.0 0.3 -0.3
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 2.6 0.0 2.6

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

Equity market cap of issuer Fund Benchmark Difference
Mega Cap (over $25B) 51.1 52.1 -1.0
Large Cap ($10B-$25B) 17.0 22.8 -5.8
Mid Cap ($3B-$10B) 16.1 23.0 -6.9
Small Cap (under $3B) 13.3 2.0 11.3
Cash and Other Assets, Less Liabilities 2.6 0.0 2.6

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 12/31/2022)
Fund Benchmark
Number of Positions 56 1,377
Weighted Average Market Cap $93.4 billion $95.0 billion
Active Share 85.7 n.a.
P/E using FY1 estimates 13.6x 10.6x
P/E using FY2 estimates 13.7x 10.9x
Price/Cash Flow 10.4 6.3
Price/Book 2.4 1.6
Return On Equity 20.2 17.0
EPS Growth (3 Yr) 15.3% 12.3%

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
12/14/2022 12/15/2022 12/21/2022 12/14/2022 $0.14045 $0.00000 $0.00000 $0.14045 0.5%

 

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

John Paul Lech photo
John Paul Lech

Lead Manager

Alex  Zarechnak photo
Alex Zarechnak

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.