MEM

Matthews Emerging Markets Equity Active ETF

MEM is actively managed to invest in emerging market companies with perceived sustainable growth potential.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

48.6 M

ASSETS UNDER MGMT

79 bp

EXPENSES
Fund Basics
Fund sponsorMatthews International Capital Man
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateJul 13, 2022
Assets (mns)$49
Expense ratio79 bp
CurrencyCAD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
TAIWAN SEMICONDUCTOR MANUFAC 8.5 %
SAMSUNG ELECTRONICS CO LTD 5.8 %
TENCENT HOLDINGS LTD 5.2 %
RELIANCE INDS-SPONS GDR 144A 3.1 %
ALIBABA GROUP HOLDING LTD. 2.6 %
MEITUAN DIANPING 2.5 %
HYUNDAI MOTOR CO 2.1 %
CHINA CONSTRUCTION BANK-H 2.0 %
TAIWAN SEMICONDUCTOR-SP ADR 1.9 %
KB FINANCIAL GROUP INC 1.9 %
Constituent Breakdown
Number of holdings86
Herfindahl-Hirschman Index 228
Wgt avg mkt cap (mns)$172,689
Large cap (>$10bn)89.7%
Mid cap ($2-10bn)10.4%
Small cap (<$2bn)0.0%
Developed mkts.8.2%
Emerging mkts.91.8%
Country Exposure
CHINA 22.9 %
INDIA 21.5 %
TAIWAN 14.2 %
SOUTH KOREA 13.5 %
BRAZIL 2.6 %
MEXICO 2.1 %
KAZAKHSTAN 1.7 %
PERU 1.5 %
PHILIPPINES 1.5 %
UAE 1.1 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 8.6% 14.1% 5.6% -- -- -- 7.5%
Volatility 16.1% 15.8% 16.0% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9060%
MSCI EAFE0.9070%
MSCI Emg Mkts0.9492%
Liquidity Measures
Avg. volume (000)7
Turnover0.4%
Avg. Bid/Ask (% of price)0.45%
ADV of underlying (mns)$12,826
Technical Indicators
Recent close$29.28
30d moving avg.$31.99
Annualized volatility18.5%
Relative strength (RSI)51
Short interest (ETF)0.3%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: MEM vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.9 11.5 1.6 2.1% --
Based on closing prices from 12/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
MEM



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

MEM

5.9%

Cat. Avg

7.9%


ALTAR Score™ Calculation

Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™ of 7.9% and a standard deviation of 4.2%. MEM's ALTAR Score™ is approximately 0.5 standard deviations below the category average. This places MEM in the 32nd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

MEM
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Emerging Market Equity ETFs
# of ETFs 103
Avg. Expense Ratio 64.6 bp
Std. Deviation 29 bp
MEM (79 bp) Percentile rank 69
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
MEM 79.0 45.0 124
Peer Avg. 60.7 26.1 86.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .