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 sponsor | Matthews International Capital Man |
Category | International |
Asset class | Equity |
Website | link... |
Inception date | Jul 13, 2022 |
Assets (mns) | $74 |
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 | 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 holdings | 54 |
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)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 19.0% | 26.0% | 12.3% | -- | -- | -- | 5.6% | Volatility | 16.6% | 17.4% | -- | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.93 | 35% |
MSCI EAFE | 1.06 | 50% |
MSCI Emg Mkts | 1.31 | 93% |
Liquidity Measures
Avg. volume (000) | 4 |
Turnover | 0.2% |
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 volatility | 26.3% |
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)
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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 | 46.2% | 0 bp | +2.2% |
AIA | iShares Asia 50 ETF | 35.3% | -29 bp | +3.2% |
EEMA | iShares MSCI Emerging Markets Asia ETF | 34.0% | -30 bp | +3.2% |
FLAX | Franklin FTSE Asia Ex Japan ETF | 32.9% | -60 bp | +3.6% |
EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 32.8% | -64 bp | +6.8% |
AAXJ | iShares MSCI All Country Asia ex Japan ETF | 32.7% | -9 bp | +2.8% |
JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 32.6% | -46 bp | +4.9% |
EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 30.7% | -49 bp | +4.2% |
XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 30.2% | -47 bp | +2.9% |
DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 30.2% | -13 bp | +6.6% |
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 | -- | -- | -- | -- | -- | -- | -- | |
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
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 | --% |
Based on closing prices from 10/9/2024
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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 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
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 | 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 .