Matthews China Active ETF
Active ETF
MCH
Price as of:
$23.95
+ $0.05
+ 0.22%
Primary Theme
fund company
Name
As of 11/01/2024Price
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
Vitals
YTD Return
25.8%
1 yr return
22.9%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$20.9 M
Holdings in Top 10
48.7%
52 WEEK LOW AND HIGH
$23.9
$16.84
$29.33
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 11/01/2024Price
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
MCH - Profile
Distributions
- YTD Total Return 25.8%
- 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
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMatthews China Active ETF
-
Fund Family NameMatthews Asia Funds
-
Inception DateJul 13, 2022
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
Under normal circumstances, the Matthews 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 China. China includes its administrative and other districts, such as Hong Kong and Macau. A company or other issuer is considered to be “located” in China and a security or instrument is deemed to be a Chinese security or instrument, if it has substantial ties to China. 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 China; (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 China; (iii) it has the primary trading markets for its securities in China; (iv) it has its principal place of business in or is otherwise headquartered in China; or (v) it is a governmental entity or an agency, instrumentality or a political subdivision of China; and (B) with respect to an instrument or issue, whether (i) its issuer is headquartered or organized in China; (ii) it is issued to finance a project that has at least 50% of its assets or operations in China; (iii) it is at least 50% secured or backed by assets located in China; (iv) it is a component of or its issuer is included in the MSCI China Index, the Fund’s primary benchmark index; or (v) it is denominated in the currency of China 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 China. The Fund may also invest in depositary receipts, including American, European and Global Depositary Receipts.
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. Matthews expects that the companies in which the Fund invests typically will be of medium or large size, but the Fund may invest in companies of any size. 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 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 sectors, but the Fund may invest in companies in any sector.
MCH - Performance
Return Ranking - Trailing
Period | MCH Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 25.8% | -14.0% | 32.3% | 10.87% |
1 Yr | 22.9% | -17.0% | 38.8% | 9.78% |
3 Yr | N/A* | -21.6% | 6.1% | 5.56% |
5 Yr | N/A* | -12.7% | 14.9% | 34.41% |
10 Yr | N/A* | -4.2% | 9.7% | 65.48% |
* Annualized
Return Ranking - Calendar
Period | MCH Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -21.2% | -26.6% | 26.3% | 77.08% |
2022 | N/A | -41.6% | -9.4% | N/A |
2021 | N/A | -52.5% | 26.5% | N/A |
2020 | N/A | 1.3% | 138.5% | N/A |
2019 | N/A | -1.9% | 42.6% | N/A |
Total Return Ranking - Trailing
Period | MCH Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 25.8% | -14.0% | 32.3% | 10.87% |
1 Yr | 22.9% | -17.0% | 38.8% | 9.78% |
3 Yr | N/A* | -21.6% | 6.1% | N/A |
5 Yr | N/A* | -12.7% | 14.9% | N/A |
10 Yr | N/A* | -4.2% | 9.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MCH Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -19.9% | -25.7% | 30.1% | 79.17% |
2022 | N/A | -40.4% | -6.8% | N/A |
2021 | N/A | -48.9% | 29.5% | N/A |
2020 | N/A | 2.0% | 138.5% | N/A |
2019 | N/A | 7.8% | 44.4% | N/A |
MCH - Holdings
Concentration Analysis
MCH | Category Low | Category High | MCH % Rank | |
---|---|---|---|---|
Net Assets | 20.9 M | 1.06 M | 5.63 B | 73.96% |
Number of Holdings | 62 | 27 | 1176 | 47.92% |
Net Assets in Top 10 | 11.9 M | 477 K | 3.28 B | 63.54% |
Weighting of Top 10 | 48.69% | 5.6% | 85.4% | 40.63% |
Top 10 Holdings
- Tencent Holdings Ltd 12.05%
- Alibaba Group Holding Ltd 6.69%
- Meituan 6.03%
- China Construction Bank Corp 4.72%
- PDD Holdings Inc 4.11%
- PetroChina Co Ltd 3.64%
- JD.com Inc 3.24%
- Ping An Insurance Group Co of China Ltd 3.07%
- Wuliangye Yibin Co Ltd 2.59%
- China Merchants Bank Co Ltd 2.56%
Asset Allocation
Weighting | Return Low | Return High | MCH % Rank | |
---|---|---|---|---|
Stocks | 99.65% | 51.72% | 100.63% | 10.42% |
Cash | 0.35% | 0.00% | 33.85% | 91.67% |
Preferred Stocks | 0.00% | 0.00% | 2.47% | 53.13% |
Other | 0.00% | -0.02% | 47.32% | 56.25% |
Convertible Bonds | 0.00% | 0.00% | 0.15% | N/A |
Bonds | 0.00% | 0.00% | 0.00% | 50.00% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MCH % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 11.37% | N/A |
Technology | 0.00% | 0.00% | 58.02% | N/A |
Real Estate | 0.00% | 0.00% | 22.12% | N/A |
Industrials | 0.00% | 0.00% | 36.69% | N/A |
Healthcare | 0.00% | 0.00% | 100.00% | N/A |
Financial Services | 0.00% | 0.00% | 41.62% | N/A |
Energy | 0.00% | 0.00% | 19.38% | N/A |
Communication Services | 0.00% | 0.00% | 41.06% | N/A |
Consumer Defense | 0.00% | 0.00% | 20.13% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 95.37% | N/A |
Basic Materials | 0.00% | 0.00% | 19.86% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MCH % Rank | |
---|---|---|---|---|
Non US | 88.38% | 0.00% | 99.87% | 65.63% |
US | 11.26% | 0.00% | 100.63% | 14.58% |
MCH - Expenses
Operational Fees
MCH Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.79% | 0.09% | 14.63% | 78.13% |
Management Fee | 0.79% | 0.09% | 1.50% | 37.50% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.06% | 0.25% | N/A |
Sales Fees
MCH Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
MCH Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | 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.
MCH Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 4.00% | 241.00% | N/A |
MCH - Distributions
Dividend Yield Analysis
MCH | Category Low | Category High | MCH % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 8.89% | 40.63% |
Dividend Distribution Analysis
MCH | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
MCH | Category Low | Category High | MCH % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -1.76% | 3.66% | N/A |
Capital Gain Distribution Analysis
MCH | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |