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Matthews Emerging Markets ex China Active ETF
MEMX

Snapshot
  • Seeks Alpha in Global Emerging Markets ex China—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

01/11/2023

Inception Date

n.a.

NAV YTD Return

(as of 02/02/2023)

$26.26

NAV

(as of 02/02/2023)

+0.18

1 Day NAV Change

(as of 02/02/2023)

Objective

Long term capital appreciation.

Strategy

Under normal circumstances, the Matthews Emerging Markets ex 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 emerging market countries excluding China. 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 or China; however, the Fund may not invest in any company located in a developed country or China if, at the time of purchase, more than 20% of the Fund’s assets are invested in a combination of developed market and Chinese companies. The Fund may concentrate its investments (meaning more than 25% of its assets) from time to time in a single country, with the exception of China.

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 01/11/2023
Fund Assets $3.12 million (02/03/2023)
Currency USD
Ticker MEMX
Cusip 577-125-792
Primary Exchange NYSE Arca
Benchmark MSCI Emerging Markets ex China Index
Geographic Focus Emerging Markets excluding China- 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 $26.26
NAV Change +0.18
Market Price $26.39
Market Price Change +0.03
Day's Trading Volume 1,075 Shares
Median BID/ASK Spread (30 Day) n.a.
Premium Discount +0.50%

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 02/06/2023)
Ticker Name SEDOL Market Value Shares % Net Assets
TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. ADR 2113382 $303,953 3,211 9.7
005935 SAMSUNG ELECTRONICS CO., LTD., PFD. 6773812 $199,251 4,290 6.4
HDB HDFC BANK, LTD. ADR 2781648 $120,924 1,792 3.9
FIBRAPL PROLOGIS PROPERTY MEXICO BN56JP1 $104,755 31,200 3.4
INFY INFOSYS, LTD. ADR 2398822 $96,381 4,999 3.1
WDS WOODSIDE ENERGY GROUP LTD BMGT167 $95,563 3,845 3.1
PRU PRUDENTIAL PLC 0709954 $94,964 5,793 3.0
IBN ICICI BANK, LTD. ADR 2569286 $90,461 4,347 2.9
BBRI PT BANK RAKYAT INDONESIA PERSERO 6709099 $71,382 223,800 2.3
VINP VINCI PARTNERS INVESTMENT BN4N953 $63,588 6,126 2.0
GFNORTE GRUPO FINANCIERO BANORTE- 2421041 $62,755 7,700 2.0
051910 LG CHEM, LTD. 6346913 $62,499 114 2.0
KMB KOTAK MAHINDRA BANK, LTD. 6135661 $61,603 2,832 2.0
BPAC11 BANCO BTG PACTUAL SA-UNIT BZBZVC7 $61,394 15,600 2.0
VALE VALE SA-SP ADR 2857334 $59,321 3,425 1.9
GCC* GCC SAB DE CV 2946663 $58,711 7,200 1.9
WLCON WILCON DEPOT, INC. BYXYHM7 $57,312 94,200 1.8
DNP DINO POLSKA SA BD0YVN2 $56,967 640 1.8
CLI CAPITALAND INVESTMENT LTD BNHXFJ6 $56,819 18,700 1.8
ASR GRUPO AEROPORTUARIO SUR-A 2639361 $55,631 204 1.8
GLOB GLOBANT SA BP40HF4 $55,041 324 1.8
AMAT APPLIED MATERIALS, INC. 2046552 $53,751 448 1.7
TDCX TDCX INC BP2G163 $51,149 4,018 1.6
MC LVMH MOET HENNESSY LOUIS VUITTON SE 4061412 $49,529 55 1.6
HDB HDBANK BYX3359 $47,542 60,100 1.5
DABUR DABUR INDIA, LTD. 6297356 $47,029 7,212 1.5
QNBK QATAR NATIONAL BANK 6148197 $47,017 9,886 1.5
CUERVO* BECLE SAB DE CV BYM4063 $46,892 18,600 1.5
PI PI INDUSTRIES LTD B992PT3 $45,582 1,232 1.5
KSPI JSC KASPI.KZ GDR-REG S BMXZ8G7 $43,870 561 1.4
TTE TOTALENERGIES SE -SPON AD 2898032 $43,693 721 1.4
EE EXCELERATE ENERGY INC-A BN2QTD2 $43,670 1,902 1.4
RBA RESTAURANT BRANDS ASIA LT BLGZ221 $43,184 33,186 1.4
AC AYALA CORPORATION B09JBT3 $41,057 3,010 1.3
FERTIGL FERTIGLOBE PLC BMXCL70 $40,561 35,986 1.3
FM FIRST QUANTUM MINERALS LT 2347608 $39,653 1,900 1.3
WEGE3 WEG SA 2945422 $34,076 4,600 1.1
HAPV3 HAPVIDA PARTICIPACOES E I BF4J7N9 $33,747 37,300 1.1
UTCEM ULTRATECH CEMENT, LTD. B01GZF6 $33,028 376 1.1
AMR AMERICANA RESTAURANTS INT BPCMH29 $32,999 34,434 1.1
HYPE3 HYPERA SA B2QY968 $32,456 3,700 1.0
PBR PETROLEO BRASILEIRO-SPON 2616580 $31,740 2,928 1.0
SCS SAIGON CARGO SERVICE CORP. BF51JC7 $31,301 9,800 1.0
AVIA AVIA AVIAN TBK PT BPG9298 $30,498 677,900 1.0
BDMS/F BANGKOK DUSIT MED SERVICE BLZGSM7 $30,479 34,000 1.0
ANTO ANTOFAGASTA PLC 0045614 $27,512 1,309 0.9
000270 KIA MOTORS CORP. 6490928 $27,278 471 0.9
DIVI DIVI'S LABORATORIES LTD 6602518 $26,890 763 0.9
MBB MILITARY COMMERCIAL JOINT STOCK BANK B6SDL09 $16,815 21,200 0.5
HUVR HINDUSTAN UNILEVER LTD 6261674 $16,182 500 0.5
BIMAS BIM BIRLESIK MAGAZALAR AS B0D0006 $7,693 1,140 0.2
CASH CASH AND OTHERS $136,022 4.4
TOTAL 39.8

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.