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
$ 180.1 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 | 7.3 % |
| DELTA ELECTRONICS INC | 3.3 % |
| MTAR TECHNOLOGIES LTD | 3.1 % |
| RELIANCE INDS-SPONS GDR 144A | 2.8 % |
| MONTAGE TECHNOLOGY CO LTD ORDINARY SHARE | 2.8 % |
| KAORI HEAT TREATMENT CO., LTD. | 2.8 % |
| SAMSUNG ELECTRO-MECHANICS CO | 2.7 % |
| BEIJING SEVENSTAR ELECTRONICS CO., LTD. | 2.7 % |
| WISTRON NEWEB CORP | 2.6 % |
| UNIMICRON TECHNOLOGY CORP | 2.4 % |
Constituent Breakdown
| Number of holdings | 74 |
| Herfindahl-Hirschman Index | 212 |
| Wgt avg mkt cap (mns) | $321,978 |
| 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
 |
TAIWAN | 33.9 % |
 |
CHINA | 22.3 % |
 |
SOUTH KOREA | 17.4 % |
 |
INDIA | 4.1 % |
 |
JAPAN | 1.9 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 61.1% | 96.4% | 48.9% | 35.1% | -- | -- | -- | 23.6% |
| Dividend Yield | 0.0% | 3.0% | 1.3% | 1.3% | -- | -- | -- | 0.9% |
| Total Returns | 61.1% | 99.5% | 50.3% | 36.3% | -- | -- | -- | 24.5% | Ann. Volatility | 32.6% | 25.2% | 24.3% | 22.2% | -- | -- | -- | 23.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.49 | 48% |
| MSCI EAFE | 1.18 | 50% |
| MSCI Emg Mkts | 1.16 | 83% |
Liquidity Measures
| Avg. volume (000) | 16 |
| ADV traded (mns) | $1 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.39% |
Technical Indicators
| 30d moving avg. (EMA) | $52.95 |
| Relative strength (RSI) | 64 |
| MACD/Signal | 1.47/1.42 |
| Bollinger Bands (Upper/Lower) | $59.16/$50.30 |
| Short interest (% of AUM) | 0.5% |
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 | +3.0% |
| JADE | JPMorgan Active Developing Markets Equity ETF | 26.8% | -14 bp | +0.7% |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 26.8% | -46 bp | +1.2% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 26.0% | -60 bp | +1.3% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 25.5% | -30 bp | +1.8% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 25.2% | -64 bp | +2.3% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 24.8% | -68 bp | +2.0% |
| EMM | Global X Emerging Markets ex-China ETF | 24.7% | -4 bp | -1.4% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 24.7% | -43 bp | +1.8% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 24.6% | -13 bp | +1.5% |
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 6/25/2026
Peer Group Comparison
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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.
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ETF Research Center Rating
6.4%
ALTAR SCORE™
32nd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 212 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.4% and a standard deviation
of 2.3%. MINV's ALTAR Score™ is approximately -0.5 standard
deviations above the category average. This places MINV in the 32nd percentile
among funds in the category.
Sell-Side Consensus
$56.43
PRICE TARGET
+1.8%
UPSIDE
Bid/Ask Spreads
39 bp
AVG SPREAD
16 —
105 bp
RANGE