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.
Fund Basics
| Fund sponsor | Matthews International Capital Man |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 13, 2022 |
| Assets (mns) | $30 |
| 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
| ALIBABA GROUP HOLDING LTD. | 8.3 % |
| TENCENT HOLDINGS LTD | 7.3 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 6.5 % |
| MEITUAN DIANPING | 5.2 % |
| CHINA MERCHANTS BANK -A | 4.4 % |
| CITIC SECURITIES CO LTD-H | 4.0 % |
| CHINA INTERNATIONAL CAPITAL CORP. LTD. C | 3.9 % |
| JD.COM, INC. CLASS A | 3.8 % |
| KE HOLDINGS, INC. SPONSORED ADR CLASS A | 3.7 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 2.7 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 359 |
| Wgt avg mkt cap (mns) | $81,136 |
| Large cap (>$10bn) | 68.6% |
| Mid cap ($2-10bn) | 12.4% |
| Small cap (<$2bn) | 2.0% |
| Developed mkts. | 25.5% |
| Emerging mkts. | 74.5% |
Country Exposure
 |
CHINA | 93.4 % |
 |
HONG KONG | 5.2 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -10.7% | -9.0% | -- | -- | -- | -- | -8.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.09 | 20% |
| MSCI EAFE | 1.72 | 57% |
| MSCI Emg Mkts | 1.75 | 89% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.29% |
| ADV of underlying (mns) | $5,174 |
Technical Indicators
| Recent close | $21.04 |
| 30d moving avg. | $21.23 |
| Annualized volatility | 46.9% |
| Relative strength (RSI) | 40 |
| 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)
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. MCH |
Expenses vs. MCH |
ALTAR Score™ vs. MCH |
|---|---|---|---|---|
| KWEB | KraneShares CSI China Internet ETF | 40.5% | -10 bp | -9.5% |
| MCHI | iShares MSCI China ETF | 37.7% | -21 bp | +2.0% |
| FXI | iShares China Large-Cap ETF | 37.6% | -5 bp | +4.6% |
| FLCH | Franklin FTSE China ETF | 35.9% | -60 bp | +2.1% |
| FDNI | First Trust Dow Jones International Internet ETF | 35.3% | -14 bp | -5.5% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 35.3% | +7 bp | -6.6% |
| KALL | KraneShares MSCI All China Index ETF | 33.7% | -30 bp | +2.3% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 33.5% | -47 bp | -1.9% |
| GXC | SPDR S&P China ETF | 32.9% | -20 bp | +2.1% |
| KEJI | Global X China Innovation ETF | 32.3% | -4 bp | -4.8% |
Risk and Returns: MCH 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 9/22/2023
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
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
MCH
8.5%
Cat. Avg
7.6%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.5% |
Recommendation
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.
Category Overview
There are 186 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.6% and a standard deviation of
4.1%. MCH's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places MCH in the 58th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
MCH
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MCH | 79.0 | 29.1 | 108.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .