Under normal circumstances, the Matthews Emerging Markets Sustainable Future 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 of any market capitalization located in emerging market countries that satisfy one or more of the Fund’s environmental, social and governance (“ESG”) standards. 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.
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. Matthews Emerging Markets Sustainable Future Active ETF’s consideration of ESG factors in making its investment decisions may impact the Fund’s relative investment performance positively or negatively.
These and other risks associated with investing in the Fund can be found in the
prospectus.
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%
Objective
Long-term capital appreciation
Strategy
Under normal circumstances, the Matthews Emerging Markets Sustainable Future 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 of any market capitalization located in emerging market countries that satisfy one or more of the Fund’s environmental, social and governance (“ESG”) standards. 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.
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. Matthews Emerging Markets Sustainable Future Active ETF’s consideration of ESG factors in making its investment decisions may impact the Fund’s relative investment performance positively or negatively.
The risks associated with investing in the Fund can be found in the prospectus
NAV & Market Price
(as of 12/07/2023)
NAV
$24.78
NAV Change
-0.04
Market Price
$25.02
Market Price Change
+0.17
Day's Trading Volume
7,052 Shares
Median BID/ASK Spread (30 Day)
0.39% (as of 12/07/2023)
Premium Discount
+0.97%
Number of days at
Q3 2023
2022
Premium
6
0
Discount
1
0
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
As of 11/30/2023
Average Annual Total Returns
Name
1MO
3MO
YTD
1YR
3YR
5YR
10YR
Since Inception
Inception Date
Matthews Emerging Markets Sustainable Future Active ETF - EMSF
09/21/2023
NAV
7.32%
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
0.88%
Market Price
7.06%
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1.36%
MSCI Emerging Markets Index
8.02%
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3.53%
As of 09/30/2023
Average Annual Total Returns
Name
1MO
3MO
YTD
1YR
3YR
5YR
10YR
Since Inception
Inception Date
Matthews Emerging Markets Sustainable Future Active ETF - EMSF
09/21/2023
NAV
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
0.80%
Market Price
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
0.96%
MSCI Emerging Markets Index
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-0.30%
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 12/11/2023)
Ticker
Name
SEDOL
Market Value
Shares
% Net Assets
SHFL
SHRIRAM TRANSPORT FINANCE CO., LTD.
6802608
$514,667
21,124
6.9
BANDHAN
BANDHAN BANK, LTD.
BG1SV45
$485,028
170,614
6.5
6618
JD HEALTH INTERNATIONAL I
BMW8R04
$398,262
83,950
5.4
YMM
FULL TRUCK ALLIANCE -SPN
BMD2L36
$395,162
55,972
5.3
3690
MEITUAN DIANPING CLASS B
BGJW376
$317,318
28,600
4.3
LEGN
LEGEND BIOTECH CORP-ADR
BMX9K07
$306,952
5,178
4.1
006400
SAMSUNG SDI CO., LTD.
6771645
$274,428
797
3.7
YDUQ3
YDUQS PARTICIPACOES SA
BJGV3C2
$274,098
62,400
3.7
388
HONG KONG EXCHANGES & CLEARING, LTD.
6267359
$267,172
8,400
3.6
MU
MICRON TECHNOLOGY, INC.
2588184
$245,869
3,280
3.3
B3SA3
B3 SA-BRASIL BOLSA BALCAO
BG36ZK1
$229,536
83,400
3.1
TADAWUL
SAUDI TADAWUL GROUP HOLDI
BMZQ749
$199,990
4,158
2.7
1590
AIRTAC INTERNATIONAL GROUP
B52J816
$193,255
6,000
2.6
INDUSTO
BHARTI INFRATEL, LTD.
B92P9G4
$190,014
83,194
2.6
6533
ANDES TECHNOLOGY CORP
BWT3K58
$177,565
12,000
2.4
ZH
ZHIHU INC - ADR
BN2D5M4
$176,095
176,113
2.4
LRCX
LAM RESEARCH CORP
2502247
$156,104
222
2.1
PHNX
PHOENIX MILLS LTD
B0SXY97
$151,641
5,724
2.0
2383
ELITE MATERIAL CO., LTD.
6316121
$150,586
12,000
2.0
6643
M31 TECHNOLOGY CORP
BF0N865
$131,388
4,000
1.8
2192
MEDLIVE TECHNOLOGY CO LTD
BN7RMD1
$130,985
129,000
1.8
300750
CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD. A SHARES
BHQPSY7
$123,040
5,400
1.7
084370
EUGENE TECHNOLOGY CO., LTD.
B0TBHH9
$122,270
4,020
1.6
MM
MAHINDRA & MAHINDRA, LTD.
6100186
$118,981
5,946
1.6
INPST
INPOST SA
BN4N9C0
$118,382
9,798
1.6
JMT
JERONIMO MARTINS
B1Y1SQ7
$111,448
4,404
1.5
5904
POYA INTERNATIONAL CO., LTD.
6541826
$100,646
6,000
1.4
TLV
BANCA TRANSILVANIA SA
5393307
$95,808
18,936
1.3
6146
SPORTON INTERNATIONAL, INC.
6431381
$90,696
12,000
1.2
6865
FLAT GLASS GROUP CO LTD-H
BYQ9774
$81,165
53,000
1.1
HIK
HIKMA PHARMACEUTICALS PLC
B0LCW08
$80,545
3,666
1.1
300763
GINLONG TECHNOLOGIES CO L
BMQBTQ9
$78,948
9,000
1.1
6415
SILERGY CORP.
BH4DMW9
$78,546
6,000
1.1
247540
ECOPRO BM CO LTD
BJ321P7
$77,597
324
1.0
336370
SOLUS ADVANCED MATERIALS
BJVLVG7
$72,553
3,984
1.0
3532
FORMOSA SUMCO TECHNOLOGY
B1HKJZ7
$61,421
12,000
0.8
1801
INNOVENT BIOLOGICS, INC.
BGR6KX5
$61,077
12,000
0.8
NU
NU HOLDINGS LTD/CAYMAN IS
BN6NP19
$57,211
6,960
0.8
AGUAS/A
AGUAS ANDINAS SA-A
2311238
$56,655
177,162
0.8
EGR1T
ENEFIT GREEN AS
BLPPDP2
$52,485
13,878
0.7
300347
HANGZHOU TIGERMED CONSULTING CO., LTD. A SHARES
BD5CCK5
$46,841
6,000
0.6
2269
WUXI BIOLOGICS CAYMAN, INC.
BL6B9P1
$45,097
12,000
0.6
UNOMIND
MINDA INDUSTRIES, LTD.
BYVC6Y8
$43,805
5,580
0.6
300012
CENTRE TESTING INTERNATIONAL GROUP CO., LTD. A SHARES
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
42.7
30.1
12.6
India
19.5
15.7
3.8
Taiwan
9.2
14.6
-5.4
South Korea
7.3
12.2
-4.9
Brazil
6.7
5.4
1.3
Saudi Arabia
2.8
4.1
-1.3
Poland
2.8
0.8
2.0
United States
2.8
0.0
2.8
Vietnam
1.4
0.0
1.4
Jordan
1.2
0.0
1.2
Romania
1.2
0.0
1.2
Estonia
0.8
0.0
0.8
Chile
0.7
0.5
0.2
Bangladesh
0.7
0.0
0.7
South Africa
0.0
3.0
-3.0
Mexico
0.0
2.5
-2.5
Indonesia
0.0
2.0
-2.0
Thailand
0.0
1.9
-1.9
Malaysia
0.0
1.4
-1.4
United Arab Emirates
0.0
1.4
-1.4
Qatar
0.0
0.9
-0.9
Kuwait
0.0
0.8
-0.8
Turkey
0.0
0.8
-0.8
Philippines
0.0
0.6
-0.6
Greece
0.0
0.4
-0.4
Peru
0.0
0.3
-0.3
Czech Republic
0.0
0.2
-0.2
Hungary
0.0
0.2
-0.2
Colombia
0.0
0.1
-0.1
Egypt
0.0
0.1
-0.1
Cash and Other Assets, Less Liabilities
0.3
0.0
0.3
Not all countries are included in the benchmark index(es).
Equity market cap of issuer
Fund
Benchmark
Difference
Mega Cap (over $25B)
20.3
53.2
-32.9
Large Cap ($10B-$25B)
17.4
21.6
-4.2
Mid Cap ($3B-$10B)
40.2
23.2
17.0
Small Cap (under $3B)
21.9
2.1
19.8
Cash and Other Assets, Less Liabilities
0.3
0.0
0.3
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.
Vivek Tanneeru is a Portfolio Manager at Matthews and manages the firm’s Emerging Markets Sustainable Future, Emerging Markets Small Companies, Emerging Markets Discovery, Asia Small Companies and Asia Sustainable Future Strategies. Prior to joining Matthews in 2011, Vivek was an Investment Manager on the Global Emerging Markets team of Pictet Asset Management in London. While at Pictet, he also worked on the firm’s Global Equities team, managing Japan and Asia ex-Japan markets. Before earning his MBA from the London Business School in 2006, Vivek was a Business Systems Officer at The World Bank and served as a Consultant at Arthur Andersen Business Consulting and Citicorp Infotech Industries. He interned at Generation Investment Management while studying for his MBA Vivek received his Master’s in Finance from the Birla Institute of Technology & Science in India. He is fluent in Hindi and Telugu.
Inbok Song is a Portfolio Manager at Matthews and manages the firm’s Pacific Tiger and Asia ex Japan Total Return Equity Strategies co-manages the Emerging Markets Sustainable Future and Asia Innovators Strategies. Prior to rejoining Matthews in 2019, Inbok spent three years at Seafarer Capital Partners as a portfolio manager, the firm’s Director of Research and chief data scientist. Previously she was at Thornburg Investment Management as an associate portfolio manager. From 2007 to 2015, she was at Matthews, most recently as a portfolio manager. From 2005 to 2006, Inbok served as an Analyst and Technology Specialist at T. Stone Corp., a private equity firm in Seoul, South Korea. From 2004 to 2005, she was a research engineer for Samsung SDI in Seoul. Inbok received both a B.A. and Masters in Materials Science and Engineering from Seoul National University. She received a Masters in International Management from the University of London, King’s College, and also an M.A. in Management Science and Engineering, with a concentration in finance from Stanford University. Inbok is fluent in Korean.
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 ex China Index is a free float-adjusted market capitalization-weighted index that captures large and mid cap representation across 23 of the 24 Emerging Markets (EM) countries excluding China: Brazil, Chile, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, 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 MSCI India Index is a free float-adjusted market capitalization-weighted index of Indian equities listed in India.
The MSCI Korea Index is a free float-adjusted market capitalization-weighted index of Korean equities listed in Korea.
Indexes are for comparative purposes only and it is not possible to invest directly in an index.
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.