MCH

Matthews China Active ETF

MCH is actively managed to hold stocks of Chinese companies that are fundamentally screened for sustainable growth. The fund also considers ESG factors in the investment process.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

35.4 M

ASSETS UNDER MGMT

79 bp

EXPENSES
Fund Basics
Fund sponsorMatthews International Capital Man
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateJul 13, 2022
Assets (mns)$35
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
TENCENT HOLDINGS LTD 12.0 %
ALIBABA GROUP HOLDING LTD. 7.3 %
MEITUAN DIANPING 6.1 %
CHINA CONSTRUCTION BANK-H 4.6 %
PINDUODUO, INC. SPONSORED ADR CLASS A 4.2 %
JD.COM, INC. CLASS A 3.4 %
PETROCHINA CO LTD-H 3.3 %
PING AN INSURANCE GROUP CO-H 3.0 %
WULIANGYE YIBIN CO LTD-A 2.7 %
CHINA MERCHANTS BANK - H 2.5 %
Constituent Breakdown
Number of holdings63
Herfindahl-Hirschman Index 384
Wgt avg mkt cap (mns)$121,497
Large cap (>$10bn)83.6%
Mid cap ($2-10bn)15.2%
Small cap (<$2bn)1.2%
Developed mkts.18.3%
Emerging mkts.81.7%
Country Exposure
CHINA 94.4 %
HONG KONG 5.5 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 25.4% 18.2% 8.6% -- -- -- 1.1%
Volatility 25.6% 25.6% -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.8716%
MSCI EAFE1.3947%
MSCI Emg Mkts1.6682%
Liquidity Measures
Avg. volume (000)41
Turnover3.2%
Avg. Bid/Ask (% of price)0.31%
ADV of underlying (mns)$11,036
Technical Indicators
Recent close$27.95
30d moving avg.$19.28
Annualized volatility35.5%
Relative strength (RSI)50
Short interest (ETF)0.0%
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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Risk and Returns: MCH vs. Comps (1 YR)

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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 --%
1.3 13.4 1.5 1.9% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
MCH



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™

MCH

4.1%

Cat. Avg

7.2%


ALTAR Score™ Calculation

Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™ of 7.2% and a standard deviation of 3.9%. MCH's ALTAR Score™ is approximately 0.8 standard deviations below the category average. This places MCH in the 21st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

MCH
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
MCH (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)
MCH 79.0 30.8 109.8
Peer Avg. 73.8 38.6 112.4
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .