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Trending ETFs

Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$26.98

$65.5 M

0.00%

0.79%

Vitals

YTD Return

15.3%

1 yr return

16.7%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$65.5 M

Holdings in Top 10

46.7%

52 WEEK LOW AND HIGH

$26.8
$21.57
$26.98

Expenses

OPERATING FEES

Expense Ratio 0.79%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$26.98

$65.5 M

0.00%

0.79%

MINV - Profile

Distributions

  • YTD Total Return 15.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Matthews Asia Innovators Active ETF
  • Fund Family Name
    Matthews Asia Funds
  • Inception Date
    Jul 13, 2022
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal circumstances, the Matthews Asia Innovators 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 Asia ex Japan that Matthews believes are innovators in their products, services, processes, business models, management, use of technology, or approach to creating, expanding or servicing their markets. Asia ex Japan consists of all countries and markets in Asia excluding Japan, but including all other developed, emerging, and frontier countries and markets in the Asian region. 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. A company or other issuer is considered to be “located” in a country or a region, and a security or instrument is deemed to be an Asian (or specific country) security or instrument, if it has substantial ties to that country or region. Matthews currently makes that determination based primarily on one or more of the following criteria: (A) with respect to a company or issuer, whether (i) it is organized under the laws of that country or any country in that region; (ii) it derives at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed, or has at least 50% of its assets located, within that country or region; (iii) it has the primary trading markets for its securities in that country or region; (iv) it has its principal place of business in or is otherwise headquartered in that country or region; or (v) it is a governmental entity or an agency, instrumentality or a political subdivision of that country or any country in that region; and (B) with respect to an instrument or issue, whether (i) its issuer is headquartered or organized in that country or region; (ii) it is issued to finance a project that has at least 50% of its assets or operations in that country or region; (iii) it is at least 50% secured or backed by assets located in that country or
region; (iv) it is a component of or its issuer is included in the MSCI All Country Asia ex Japan Index, the Fund’s primary benchmark index; or (v) it is denominated in the currency of an Asian country and addresses at least one of the other above criteria. The term “located” and the associated criteria listed above have been defined in such a way that Matthews has latitude in determining whether an issuer should be included within a region or country. The Fund may also invest in depositary receipts, including American, European and Global Depositary Receipts.
It is important to note that there are no universally agreed upon objective standards for assessing innovators. Innovative companies can be both old and new companies. Innovative companies can exist in any industries, old and new, and in any countries, emerging or developed. Companies perceived as innovators in one country or one industry might not be perceived as innovators in another country or another industry. For these reasons, the term innovators may be aspirational and tend to be stated broadly and applied flexibly.
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. The Fund may invest in companies of any size, including smaller size companies. Matthews measures a company’s size with respect to fundamental criteria such as, but not limited to, market capitalization, book value, revenues, profits, cash flow, dividends paid and number of employees.
The Fund expects to focus its investments in the common and preferred stocks of companies in science-related and technology-related sectors, which Matthews considers to be the following, among others: telecommunications, telecommunications equipment, computers, semiconductors, semiconductor capital equipment, networking, Internet and online service companies, media, office automation, server hardware producers, software companies (e.g., design, consumer and industrial), biotechnology and medical device technology companies, pharmaceuticals and companies involved in the distribution and servicing of these products. The implementation of the principal investment strategies of the Fund may result in a significant portion of the Fund’s assets being invested from time to time in one or more addi- tional sectors, but the Fund may invest in companies in any sector. The implementation of the Fund’s principal investment strategies may also result in high portfolio turnover rates.
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MINV - Performance

Return Ranking - Trailing

Period MINV Return Category Return Low Category Return High Rank in Category (%)
YTD 15.3% 4.1% 15.3% 8.33%
1 Yr 16.7% 7.2% 16.7% 8.33%
3 Yr N/A* -12.3% 1.3% 50.00%
5 Yr N/A* 1.4% 7.9% 50.00%
10 Yr N/A* 3.1% 7.5% 72.73%

* Annualized

Return Ranking - Calendar

Period MINV Return Category Return Low Category Return High Rank in Category (%)
2023 -3.6% -3.6% 12.0% 100.00%
2022 N/A -34.9% -16.0% N/A
2021 N/A -18.9% -0.9% N/A
2020 N/A 10.3% 40.5% N/A
2019 N/A 8.8% 31.2% N/A

Total Return Ranking - Trailing

Period MINV Return Category Return Low Category Return High Rank in Category (%)
YTD 15.3% 4.1% 15.3% 8.33%
1 Yr 16.7% 7.2% 16.7% 8.33%
3 Yr N/A* -12.3% 1.3% N/A
5 Yr N/A* 1.4% 7.9% N/A
10 Yr N/A* 3.1% 7.5% N/A

* Annualized

Total Return Ranking - Calendar

Period MINV Return Category Return Low Category Return High Rank in Category (%)
2023 -2.7% -2.7% 15.6% 100.00%
2022 N/A -33.1% -13.7% N/A
2021 N/A -14.7% 3.1% N/A
2020 N/A 12.4% 47.0% N/A
2019 N/A 11.2% 32.2% N/A

MINV - Holdings

Concentration Analysis

MINV Category Low Category High MINV % Rank
Net Assets 65.5 M 856 K 10 B 91.67%
Number of Holdings 50 31 2495 91.67%
Net Assets in Top 10 39.6 M 419 K 1.72 B 91.67%
Weighting of Top 10 46.66% 17.2% 48.7% 16.67%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 9.02%
  2. Samsung Electronics Co Ltd 7.50%
  3. PDD Holdings Inc 7.14%
  4. NVIDIA Corp 3.50%
  5. Bank Rakyat Indonesia Persero Tbk PT 3.49%
  6. ICICI Bank Ltd 3.45%
  7. Axis Bank Ltd 3.39%
  8. SK Hynix Inc 3.18%
  9. Reliance Industries Ltd 3.09%
  10. Zomato Ltd 2.91%

Asset Allocation

Weighting Return Low Return High MINV % Rank
Stocks
98.57% 92.03% 101.99% 83.33%
Cash
1.43% 0.00% 7.97% 50.00%
Preferred Stocks
0.00% 0.00% 6.54% 83.33%
Other
0.00% 0.00% 0.03% 83.33%
Convertible Bonds
0.00% 0.00% 0.00% N/A
Bonds
0.00% 0.00% 0.00% 83.33%

Stock Sector Breakdown

Weighting Return Low Return High MINV % Rank
Utilities
0.00% 0.00% 1.95% N/A
Technology
0.00% 10.72% 28.95% N/A
Real Estate
0.00% 0.00% 8.87% N/A
Industrials
0.00% 4.08% 17.87% N/A
Healthcare
0.00% 4.20% 25.65% N/A
Financial Services
0.00% 12.24% 21.78% N/A
Energy
0.00% 0.00% 3.58% N/A
Communication Services
0.00% 5.68% 12.35% N/A
Consumer Defense
0.00% 1.01% 7.90% N/A
Consumer Cyclical
0.00% 9.14% 21.30% N/A
Basic Materials
0.00% 1.72% 9.60% N/A

Stock Geographic Breakdown

Weighting Return Low Return High MINV % Rank
Non US
74.04% 0.00% 99.15% 91.67%
US
24.53% 0.17% 92.03% 16.67%

MINV - Expenses

Operational Fees

MINV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.79% 0.08% 13.45% 58.33%
Management Fee 0.79% 0.06% 1.00% 91.67%
12b-1 Fee N/A 0.00% 0.00% N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

MINV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

MINV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MINV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 5.00% 47.41% N/A

MINV - Distributions

Dividend Yield Analysis

MINV Category Low Category High MINV % Rank
Dividend Yield 0.00% 0.89% 5.20% 100.00%

Dividend Distribution Analysis

MINV Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Monthly Quarterly

Net Income Ratio Analysis

MINV Category Low Category High MINV % Rank
Net Income Ratio N/A -0.62% 2.45% N/A

Capital Gain Distribution Analysis

MINV Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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MINV - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
1.33 15.42 6.75 6.26