Matthews China Active ETF
Active ETF
MCH
Price as of:
$19.44
+ $0.10
+ 0.50%
Primary Theme
fund company
Name
As of 04/25/2024Price
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
2.1%
1 yr return
-10.6%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$20.9 M
Holdings in Top 10
50.1%
52 WEEK LOW AND HIGH
$19.3
$16.84
$23.54
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 04/25/2024Price
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 2.1%
- 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 None
Fund Details
-
Legal NameMatthews China Active ETF
-
Fund Family NameMatthews Asia Funds
-
Inception DateJul 14, 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, including the consumer discretionary and financial services sectors, but the Fund may invest in companies in any sector.
Matthews may also take into consideration environmental, social and governance (ESG) characteristics of companies in selecting portfolio investments as part of the investment process for this Fund in an effort to reduce what it regards as the sustainability risks of its investments. Not all of the Fund’s investments will demonstrate those ESG characteristics, and there could be instances where Matthews is unable to assess the ESG characteristics of a company. Matthews’ investment process in this regard is carried out through a combination of exclusionary ESG screens and the use of both external and proprietary ESG data. Matthews uses various sources of information, including but not limited to third-party ESG rating firms and Matthews’ own analysis, in assessing a company’s ESG characteristics, which include, but are not limited to, an issuer’s use of natural resources and its impact on the natural environment; the impacts of an issuer on human and social capital, including employee welfare, human rights, health and safety, and product quality; and how an issuer’s board of directors ensures accountability, fairness and transparency in the issuer’s relationship with its stakeholders. Matthews will also employ a screening process utilizing third party data to help it exclude investments in corporate issuers that have a material exposure to certain business activities. As an example, this screening process may use various thresholds based on the percentage of revenue derived from (1) the production or sale of tobacco products, (2) controversial weapons (e.g., cluster munitions) or the production or military contracting for weapons, and (3) the exploration, extraction, or production of energy using certain fossil fuels, including thermal coal. The screening process is also used to help Matthews exclude companies that are in direct conflict with the goals of the UN Global Compact or the OECD Guidelines for Multinational Enterprises. The ESG characteristics used by Matthews to identify or exclude potential investments may change from time to time. Once invested in a company, Matthews may engage with its portfolio companies on sustainability and governance matters through active dialogue, exercising shareholder rights and by encouraging enhanced ESG disclosure and implementation.
MCH - Performance
Return Ranking - Trailing
Period | MCH Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -18.2% | 9.0% | 35.71% |
1 Yr | -10.6% | -29.3% | 21.7% | 33.67% |
3 Yr | N/A* | -27.9% | 0.0% | 5.56% |
5 Yr | N/A* | -15.9% | 13.4% | 34.41% |
10 Yr | N/A* | -4.6% | 9.0% | 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% | 77.55% |
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 | 2.1% | -18.2% | 9.0% | 35.71% |
1 Yr | -10.6% | -29.3% | 21.7% | 33.67% |
3 Yr | N/A* | -27.9% | 0.0% | N/A |
5 Yr | N/A* | -15.9% | 13.4% | N/A |
10 Yr | N/A* | -4.6% | 9.0% | 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% | 79.59% |
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 | 1.04 M | 5.43 B | 73.47% |
Number of Holdings | 52 | 27 | 1185 | 66.32% |
Net Assets in Top 10 | 10.9 M | 534 K | 3.2 B | 68.42% |
Weighting of Top 10 | 50.14% | 4.9% | 81.8% | 40.00% |
Top 10 Holdings
- Tencent Holdings Ltd 8.89%
- Alibaba Group Holding Ltd 7.81%
- PDD Holdings Inc 7.22%
- JD.com Inc 4.64%
- CITIC Securities Co Ltd 4.35%
- China Merchants Bank Co Ltd 4.20%
- KE Holdings Inc 3.97%
- Meituan 3.72%
- China International Capital Corp Ltd 3.27%
- China Construction Bank Corp 2.07%
Asset Allocation
Weighting | Return Low | Return High | MCH % Rank | |
---|---|---|---|---|
Stocks | 99.92% | 0.00% | 101.98% | 9.38% |
Cash | 0.08% | 0.00% | 26.31% | 93.68% |
Preferred Stocks | 0.00% | 0.00% | 2.81% | 76.84% |
Other | 0.00% | -0.01% | 47.32% | 69.47% |
Convertible Bonds | 0.00% | 0.00% | 0.15% | N/A |
Bonds | 0.00% | 0.00% | 69.90% | 71.88% |
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 | 82.99% | 0.00% | 99.82% | 82.11% |
US | 16.93% | 0.00% | 99.99% | 7.37% |
MCH - Expenses
Operational Fees
MCH Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.79% | 0.09% | 12.20% | 78.95% |
Management Fee | 0.79% | 0.09% | 1.50% | 36.73% |
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% | 9.56% | 39.80% |
Dividend Distribution Analysis
MCH | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | 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 |