MINV
Matthews Asia Innovators Active ETF
MINV is actively managed to hold stocks of innovative companies in Asia. Holdings are fundamentally screened for sustainable growth.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
57.7 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | Matthews International Capital Man |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 13, 2022 |
| Assets (mns) | $58 |
| Expense ratio | 79 bp |
| Currency | USD |
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 | 9.5 % |
| SEA LTD. (SINGAPORE) SPONSORED ADR CLASS | 7.7 % |
| TENCENT HOLDINGS LTD | 6.3 % |
| ALIBABA GROUP HOLDING LTD. | 5.3 % |
| MEITUAN DIANPING | 4.5 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 4.1 % |
| TRIP.COM GROUP LTD. SPONSORED ADR | 3.6 % |
| ZOMATO LTD. | 3.4 % |
| BEIJING SEVENSTAR ELECTRONICS CO., LTD. | 2.3 % |
| ICICI BANK LTD | 2.1 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 354 |
| Wgt avg mkt cap (mns) | $179,748 |
| Large cap (>$10bn) | 89.7% |
| Mid cap ($2-10bn) | 10.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 15.1% |
| Emerging mkts. | 85.0% |
Country Exposure
 |
CHINA | 43.3 % |
 |
INDIA | 16.5 % |
 |
TAIWAN | 15.8 % |
 |
SINGAPORE | 8.8 % |
 |
SOUTH KOREA | 7.2 % |
 |
VIETNAM | 1.5 % |
 |
HONG KONG | 0.9 % |
 |
INDONESIA | 0.7 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.5% | 13.9% | 8.7% | -- | -- | -- | 4.9% |
| Volatility | 21.1% | 19.5% | 19.1% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.88 | 33% |
| MSCI EAFE | 0.96 | 45% |
| MSCI Emg Mkts | 1.26 | 91% |
Liquidity Measures
| Avg. volume (000) | 20 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.30% |
| ADV of underlying (mns) | $8,419 |
Technical Indicators
| Recent close | $25.64 |
| 30d moving avg. | $28.78 |
| Annualized volatility | 23.8% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.1% |
| 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
Risk and Returns: MINV 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2024 | 2025E | Fwd Est | 2026E | |
| 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 4/4/2025
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
MINV
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
MINV
8.6%
Cat. Avg
8.2%
ALTAR Score™ Calculation
Category Overview
There are 257 funds in the International Equity category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.5%. MINV's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places MINV in the 57th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MINVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| MINV (79 bp) Percentile rank | 93 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MINV | 79.0 | 30.0 | 109 |
| Peer Avg. | 72.0 | 65.6 | 137.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .