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
57.8 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | Matthews International Capital Man |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 13, 2022 |
| Assets (mns) | $58 |
| Expense ratio | 79 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
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 holdings | 86 |
| Herfindahl-Hirschman Index | 228 |
| Wgt avg mkt cap (mns) | $179,887 |
| Large cap (>$10bn) | 88.4% |
| Mid cap ($2-10bn) | 11.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 8.6% |
| Emerging mkts. | 91.4% |
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 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.8% | 25.8% | 13.9% | -- | -- | -- | 8.8% | Volatility | 16.1% | 15.8% | 16.0% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 66% |
| MSCI EAFE | 0.90 | 70% |
| MSCI Emg Mkts | 0.94 | 92% |
Liquidity Measures
| Avg. volume (000) | 9 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.45% |
| ADV of underlying (mns) | $13,116 |
Technical Indicators
| Recent close | $31.75 |
| 30d moving avg. | $33.18 |
| Annualized volatility | 18.7% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MEM |
Expenses vs. MEM |
ALTAR Score™ vs. MEM |
|---|---|---|---|---|
| MINV | Matthews Asia Innovators Active ETF | 46.2% | 0 bp | -2.4% |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 36.1% | -46 bp | +2.8% |
| AIA | iShares Asia 50 ETF | 33.2% | -29 bp | +1.2% |
| XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 32.6% | -47 bp | +0.8% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 32.3% | -30 bp | +1.1% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 32.0% | -60 bp | +1.5% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 31.9% | -64 bp | +4.9% |
| EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 31.2% | -59 bp | +1.4% |
| ECON | Columbia Emerging Markets Consumer ETF | 31.0% | -30 bp | +1.9% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 30.9% | -13 bp | +4.6% |
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 | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
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 | --% |
Based on closing prices from 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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
5.4%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. MEM's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places MEM in the 29th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MEMSELL
U/W
HOLD
O/W
BUY
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. | 62.5 | 25.9 | 88.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .