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
$ 83.5 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
| TAIWAN SEMICONDUCTOR MANUFAC | 12.6 % |
| TENCENT HOLDINGS LTD | 6.9 % |
| SAMSUNG ELECTRONICS CO LTD | 5.5 % |
| ALIBABA GROUP HOLDING LTD. | 4.4 % |
| RELIANCE INDS-SPONS GDR 144A | 3.8 % |
| HYNIX SEMICONDUCTOR INC | 3.7 % |
| ZOMATO LTD. | 3.2 % |
| BEIJING SEVENSTAR ELECTRONICS CO., LTD. | 3.2 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 3.1 % |
| SEA LTD. (SINGAPORE) SPONSORED ADR CLASS | 2.3 % |
Constituent Breakdown
| Number of holdings | 61 |
| Herfindahl-Hirschman Index | 384 |
| Wgt avg mkt cap (mns) | $321,978 |
| Large cap (>$10bn) | 85.8% |
| Mid cap ($2-10bn) | 5.0% |
| Small cap (<$2bn) | 0.5% |
| Developed mkts. | 7.1% |
| Emerging mkts. | 84.3% |
Sector Breakdown
Country Exposure
 |
CHINA | 34.1 % |
 |
TAIWAN | 20.8 % |
 |
SOUTH KOREA | 17.8 % |
 |
INDIA | 11.5 % |
 |
SINGAPORE | 3.1 % |
 |
HONG KONG | 2.0 % |
 |
JAPAN | 2.0 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.9% | 47.0% | 29.4% | 19.8% | -- | -- | -- | 14.8% |
| Dividend Yield | 0.0% | 2.3% | 1.2% | 1.1% | -- | -- | -- | 0.9% |
| Total Returns | 16.9% | 49.3% | 30.5% | 20.9% | -- | -- | -- | 15.7% | Ann. Volatility | 22.0% | 22.5% | 21.0% | 20.2% | -- | -- | -- | 22.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 49% |
| MSCI EAFE | 0.98 | 50% |
| MSCI Emg Mkts | 1.16 | 86% |
Liquidity Measures
| Avg. volume (000) | 36 |
| ADV traded (mns) | $1 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.45% |
Technical Indicators
| 30d moving avg. (EMA) | $39.13 |
| Relative strength (RSI) | 49 |
| MACD/Signal | 0.07/0.21 |
| Bollinger Bands (Upper/Lower) | $41.91/$37.44 |
| Short interest (% of AUM) | 0.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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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 | 44.5% | -59 bp | -9.3% |
| MEM | Matthews Emerging Markets Equity Active ETF | 42.6% | 0 bp | +2.1% |
| JADE | JPMorgan Active Developing Markets Equity ETF | 39.1% | -14 bp | -0.9% |
| AIA | iShares Asia 50 ETF | 39.0% | -29 bp | +1.5% |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 38.2% | -46 bp | -0.1% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 38.0% | -60 bp | +0.0% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 37.0% | -9 bp | +0.0% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 35.5% | -30 bp | +0.8% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 34.9% | -49 bp | +1.2% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 34.7% | -64 bp | +0.9% |
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 (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
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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 3/23/2026
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
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
9.1%
ALTAR SCORE™
64th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 191 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.2% and a standard deviation
of 2.4%. MINV's ALTAR Score™ is approximately 0.4 standard
deviations above the category average. This places MINV in the 64th percentile
among funds in the category.
Sell-Side Consensus
$51.7
PRICE TARGET
+35.8%
UPSIDE
Bid/Ask Spreads
45 bp
AVG SPREAD
13 —
171 bp
RANGE