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
62.4 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) | $62 |
| 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 | 9.5 % |
| SEA LTD. (SINGAPORE) SPONSORED ADR CLASS | 7.7 % |
| TENCENT HOLDINGS LTD | 6.3 % |
| ALIBABA GROUP HOLDING LTD. | 5.3 % |
| MEITUAN DIANPING | 4.5 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 4.1 % |
| TRIP.COM GROUP LTD. SPONSORED ADR | 3.6 % |
| ZOMATO LTD. | 3.4 % |
| BEIJING SEVENSTAR ELECTRONICS CO., LTD. | 2.3 % |
| ICICI BANK LTD | 2.1 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 354 |
| Wgt avg mkt cap (mns) | $179,748 |
| Large cap (>$10bn) | 89.7% |
| Mid cap ($2-10bn) | 10.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 15.1% |
| Emerging mkts. | 85.0% |
Country Exposure
 |
CHINA | 43.3 % |
 |
INDIA | 16.5 % |
 |
TAIWAN | 15.8 % |
 |
SINGAPORE | 8.8 % |
 |
SOUTH KOREA | 7.2 % |
 |
VIETNAM | 1.5 % |
 |
HONG KONG | 0.9 % |
 |
INDONESIA | 0.7 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.1% | 8.9% | 7.8% | -- | -- | -- | -- | 3.4% |
| Dividend Yield | 0.0% | 0.0% | 0.5% | -- | -- | -- | -- | 0.4% |
| Total Returns | 0.1% | 8.9% | 8.4% | -- | -- | -- | -- | 3.7% | Ann. Volatility | 28.8% | 23.3% | 20.5% | -- | -- | -- | -- | 23.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 31% |
| MSCI EAFE | 0.94 | 45% |
| MSCI Emg Mkts | 1.25 | 90% |
Liquidity Measures
| Avg. volume (000) | 26 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.30% |
| ADV of underlying (mns) | $8,419 |
Technical Indicators
| Recent close | $27.43 |
| 30d moving avg. | $27.14 |
| Annualized volatility | 23.1% |
| Relative strength (RSI) | 50 |
| 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. MINV |
Expenses vs. MINV |
ALTAR Score™ vs. MINV |
|---|---|---|---|---|
| EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 39.6% | -59 bp | +3.4% |
| MEM | Matthews Emerging Markets Equity Active ETF | 38.6% | 0 bp | +0.6% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 36.4% | +7 bp | +5.0% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 35.5% | -30 bp | +2.7% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 34.4% | -9 bp | +1.8% |
| AIA | iShares Asia 50 ETF | 34.2% | -29 bp | +7.0% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 33.0% | -60 bp | +1.9% |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 32.5% | -46 bp | +2.6% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 31.1% | -49 bp | +2.8% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 31.0% | -64 bp | +0.3% |
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.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 4/30/2025
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
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.
ALTAR Score™
MINV
8.2%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 258 funds in the International Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.0%. MINV's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places MINV in the 58th 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 | 92 |
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. | 72.0 | 65.6 | 137.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .