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
65.7 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) | $66 |
| 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 | 11.4 % |
| SEA LTD. (SINGAPORE) SPONSORED ADR CLASS | 6.3 % |
| TENCENT HOLDINGS LTD | 4.7 % |
| MEITUAN DIANPING | 4.0 % |
| TRIP.COM GROUP LTD. SPONSORED ADR | 4.0 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 3.9 % |
| ZOMATO LTD. | 3.9 % |
| MAKEMYTRIP LTD | 3.4 % |
| ALIBABA GROUP HOLDING LTD. | 2.9 % |
| ICICI BANK LTD | 2.4 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 346 |
| Wgt avg mkt cap (mns) | $182,506 |
| Large cap (>$10bn) | 90.1% |
| Mid cap ($2-10bn) | 9.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 15.1% |
| Emerging mkts. | 85.0% |
Country Exposure
 |
CHINA | 33.0 % |
 |
TAIWAN | 21.2 % |
 |
INDIA | 17.6 % |
 |
SINGAPORE | 7.8 % |
 |
SOUTH KOREA | 7.1 % |
 |
VIETNAM | 1.7 % |
 |
HONG KONG | 0.9 % |
 |
INDONESIA | 0.9 % |
Historical Performance
Standardized Performance (as of 12/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.4% | 14.4% | 5.5% | -- | -- | -- | 3.2% | Volatility | 18.8% | 18.3% | 21.9% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.90 | 34% |
| MSCI EAFE | 0.98 | 46% |
| MSCI Emg Mkts | 1.26 | 91% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.30% |
| ADV of underlying (mns) | $8,419 |
Technical Indicators
| Recent close | $27.59 |
| 30d moving avg. | $28.31 |
| Annualized volatility | 24.7% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 1.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MINV |
Expenses vs. MINV |
ALTAR Score™ vs. MINV |
|---|---|---|---|---|
| MEM | Matthews Emerging Markets Equity Active ETF | 39.9% | 0 bp | +4.3% |
| EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 35.3% | -59 bp | +6.2% |
| AIA | iShares Asia 50 ETF | 34.3% | -29 bp | +5.7% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 32.7% | -30 bp | +5.7% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 32.2% | -9 bp | +5.3% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 30.9% | +7 bp | +1.8% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 30.4% | -49 bp | +6.2% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 30.2% | -64 bp | +9.7% |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 30.2% | -46 bp | +7.4% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 29.8% | -60 bp | +6.0% |
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
| 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 1/21/2025
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
MINV
0.6%
Cat. Avg
7.1%
ALTAR Score™ Calculation
Category Overview
There are 265 funds in the International Equity category, with an average ALTAR Score™
of 7.1% and a standard deviation of
2.6%. MINV's ALTAR Score™ is approximately
2.5 standard deviations
below
the category average. This places MINV in the 1st 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. | 67.8 | 51.0 | 118.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .