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

74.4 M

ASSETS UNDER MGMT

79 bp

EXPENSES
Fund Basics
Fund sponsorMatthews International Capital Man
CategoryInternational
Asset classEquity
Websitelink...
Inception dateJul 13, 2022
Assets (mns)$74
Expense ratio79 bp
CurrencyUSD
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
TAIWAN SEMICONDUCTOR MANUFAC 10.0 %
SAMSUNG ELECTRONICS CO LTD 6.2 %
TENCENT HOLDINGS LTD 5.5 %
ZOMATO LTD. 4.5 %
RELIANCE INDS-SPONS GDR 144A 4.2 %
PINDUODUO, INC. SPONSORED ADR CLASS A 4.0 %
SEA LTD. (SINGAPORE) SPONSORED ADR CLASS 3.7 %
MEITUAN DIANPING 3.5 %
COMPUTER AGE MANAGEMENT SERVICES LTD 2.8 %
TRIP.COM GROUP LTD. SPONSORED ADR 2.7 %
Constituent Breakdown
Number of holdings54
Herfindahl-Hirschman Index 339
Wgt avg mkt cap (mns)$198,897
Large cap (>$10bn)88.2%
Mid cap ($2-10bn)11.8%
Small cap (<$2bn)0.0%
Developed mkts.17.4%
Emerging mkts.82.7%
Country Exposure
INDIA 27.4 %
CHINA 26.8 %
TAIWAN 18.9 %
SOUTH KOREA 10.1 %
SINGAPORE 3.7 %
JAPAN 1.9 %
UNITED STATES 1.6 %
CAYMAN ISLANDS 1.1 %
INDONESIA 1.0 %
NETHERLANDS 1.0 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 19.0% 26.0% 12.3% -- -- -- 5.6%
Volatility 16.6% 17.4% -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9335%
MSCI EAFE1.0650%
MSCI Emg Mkts1.3193%
Liquidity Measures
Avg. volume (000)4
Turnover0.2%
Avg. Bid/Ask (% of price)0.30%
ADV of underlying (mns)$31,535
Technical Indicators
Recent close$29.17
30d moving avg.$26.83
Annualized volatility26.3%
Relative strength (RSI)58
Short interest (ETF)2.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value 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
  2023 2024E Fwd Est 2025E
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 --%
2.0 17.7 2.8 1.0% --
Based on closing prices from 10/9/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

ALTAR Score™

MINV

3.0%

Cat. Avg

7.3%


ALTAR Score™ Calculation

Category Overview
There are 257 funds in the International Equity category, with an average ALTAR Score™ of 7.3% and a standard deviation of 2.6%. MINV's ALTAR Score™ is approximately 1.7 standard deviations below the category average. This places MINV in the 5th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

MINV
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
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 93
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. 66.3 58.4 124.7
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .