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.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 159.6 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Inception date | Jul 13, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| SAMSUNG ELECTRONICS CO LTD | 6.6 % |
| SK HYNIX INC | 5.7 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 4.8 % |
| TENCENT HOLDINGS LTD | 4.0 % |
| ALIBABA GROUP HOLDING LTD. | 4.0 % |
| MIDEA GROUP CO. LTD. CLASS A | 3.6 % |
| NETEASE.COM INC-ADR | 3.1 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 2.9 % |
| SICHUAN KELUN-BIOTECH BIOPHARMACEUTICAL | 2.8 % |
| MEDIATEK INC | 2.6 % |
Constituent Breakdown
| Number of holdings | 58 |
| Herfindahl-Hirschman Index | 212 |
| Wgt avg mkt cap (mns) | $318,288 |
| Large cap (>$10bn) | 64.4% |
| Mid cap ($2-10bn) | 12.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 1.9% |
| Emerging mkts. | 77.7% |
Sector Breakdown
Country Exposure
 |
CHINA | 33.0 % |
 |
TAIWAN | 19.5 % |
 |
SOUTH KOREA | 16.7 % |
 |
INDIA | 4.4 % |
 |
JAPAN | 1.4 % |
 |
UNITED STATES | 0.8 % |
 |
HONG KONG | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 37.1% | 30.4% | 30.4% | 29.4% | -- | -- | -- | 17.0% |
| Dividend Yield | 0.0% | 2.0% | 1.2% | 1.2% | -- | -- | -- | 0.8% |
| Total Returns | 37.1% | 32.4% | 31.5% | 30.6% | -- | -- | -- | 17.7% | Ann. Volatility | 34.8% | 31.9% | 27.4% | 24.6% | -- | -- | -- | 25.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.80 | 53% |
| MSCI EAFE | 1.43 | 51% |
| MSCI Emg Mkts | 1.16 | 86% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.27% |
Technical Indicators
| 30d moving avg. (EMA) | $50.01 |
| Relative strength (RSI) | 51 |
| MACD/Signal | -0.33/-0.79 |
| Bollinger Bands (Upper/Lower) | $51.08/$46.36 |
| Short interest (% of AUM) | 0.1% |
Distributions
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 | 31.4% | 0 bp | -5.1% |
| JADE | JPMorgan Active Developing Markets Equity ETF | 26.8% | -14 bp | -8.0% |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 26.8% | -46 bp | -6.7% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 26.0% | -60 bp | -7.3% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 25.5% | -30 bp | -6.3% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 25.2% | -64 bp | -6.6% |
| EMM | Global X Emerging Markets ex-China ETF | 24.8% | -4 bp | -10.4% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 24.8% | -68 bp | -6.7% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 24.7% | -43 bp | -6.9% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 24.6% | -13 bp | -7.3% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 10/9/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
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 Rating
15.8%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 212 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.7% and a standard deviation
of 2.1%. MINV's ALTAR Score™ is approximately 3.8 standard
deviations above the category average. This places MINV in the 99th percentile
among funds in the category.
Sell-Side Consensus
$69.07
PRICE TARGET
+45.7%
UPSIDE