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.
Fund Basics
| Fund sponsor | Matthews International Capital Man |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 13, 2022 |
| Assets (mns) | $135 |
| 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 | 6.4 % |
| SAMSUNG ELECTRONICS CO LTD | 5.9 % |
| HDFC BANK LIMITED | 4.1 % |
| TENCENT HOLDINGS LTD | 4.1 % |
| ASML HOLDING NV-NY REG SHS | 3.4 % |
| NVIDIA CORP | 3.2 % |
| TRIP.COM GROUP LTD. SPONSORED ADR | 3.0 % |
| ICICI BANK LTD | 3.0 % |
| KE HOLDINGS, INC. SPONSORED ADR CLASS A | 2.7 % |
| ALCHIP TECHNOLOGIES LTD. | 2.6 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 246 |
| Wgt avg mkt cap (mns) | $118,068 |
| Large cap (>$10bn) | 68.2% |
| Mid cap ($2-10bn) | 10.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 25.4% |
| Emerging mkts. | 74.6% |
Country Exposure
 |
CHINA | 31.7 % |
 |
INDIA | 16.5 % |
 |
SOUTH KOREA | 11.1 % |
 |
UNITED STATES | 9.1 % |
 |
TAIWAN | 9.0 % |
 |
INDONESIA | 4.4 % |
 |
NETHERLANDS | 3.5 % |
 |
JAPAN | 2.5 % |
 |
SINGAPORE | 2.0 % |
 |
ARGENTINA | 2.0 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -4.9% | -- | -- | -- | -- | -- | -9.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.40% |
| ADV of underlying (mns) | $32,359 |
Technical Indicators
| Recent close | $23.67 |
| 30d moving avg. | $23.45 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 0.6% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MINV |
Expenses vs. MINV |
ALTAR Score™ vs. MINV |
|---|---|---|---|---|
| EEMA | iShares MSCI Emerging Markets Asia ETF | 25.5% | -29 bp | +5.5% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 24.4% | -10 bp | +5.1% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 24.0% | -68 bp | +6.4% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 23.5% | -64 bp | +7.0% |
| AIA | iShares Asia 50 ETF | 23.0% | -29 bp | +6.5% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 22.8% | -30 bp | +6.6% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 22.2% | -43 bp | +5.7% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 22.1% | -13 bp | +5.6% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 22.1% | -60 bp | +5.8% |
| ESGE | iShares ESG Aware MSCI EM ETF | 21.9% | -54 bp | +6.4% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 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 | --% |
Based on closing prices from 6/7/2023
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
MINV
1.7%
Cat. Avg
7.6%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 1.7% |
Recommendation
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.
Category Overview
There are 272 funds in the International Equities category, with an average ALTAR Score™
of 7.6% and a standard deviation of
2.6%. MINV's ALTAR Score™ is approximately
2.3 standard deviations
below
the category average. This places MINV in the 1st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
MINV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MINV | 79.0 | 40.0 | 119 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .