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.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

KWEB

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorMatthews International Capital Man
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateJul 13, 2022
Assets (mns)$33
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
PINDUODUO, INC. SPONSORED ADR CLASS A 7.8 %
ALIBABA GROUP HOLDING LTD. 6.9 %
MEITUAN DIANPING 5.0 %
CHINA INTERNATIONAL CAPITAL CORP. LTD. C 4.6 %
CITIC SECURITIES CO LTD-H 4.6 %
TENCENT HOLDINGS LTD 4.6 %
CHINA MERCHANTS BANK -A 4.6 %
JD.COM, INC. CLASS A 4.4 %
KE HOLDINGS, INC. SPONSORED ADR CLASS A 3.5 %
FOCUS MEDIA INFORMATION TECHNOLOGY CO LT 2.3 %
Constituent Breakdown
Number of holdings60
Herfindahl-Hirschman Index 308
Wgt avg mkt cap (mns)$63,098
Large cap (>$10bn)63.9%
Mid cap ($2-10bn)18.2%
Small cap (<$2bn)2.7%
Developed mkts.27.1%
Emerging mkts.72.9%
Country Exposure
CHINA 92.0 %
HONG KONG 5.7 %
Historical Performance


Standardized Annual Returns (as of 02/28/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-0.5% -- -- -- -- -- 1.3%
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)28
Turnover1.9%
Avg. Bid/Ask (% of price)0.30%
ADV of underlying (mns)$6,664
Technical Indicators
Recent close$23.03
30d moving avg.$24.79
Annualized volatility0.0%
Relative strength (RSI)29
Short interest (ETF)1.5%
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
  2018 2019 2020 2021 2022 2023E 2024E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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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 --%
1.1 13.3 1.6 1.5% --
Based on closing prices from 3/17/2023
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

MCH

9.7%

Cat. Avg

8.5%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™9.7%
Recommendation

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

Category Overview
There are 185 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 8.5% and a standard deviation of 4.4%. MCH's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places MCH in the 61st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
MCH
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
MCH 79.0 29.5 108.5
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.