Matthews China Discovery Active ETFMatthews China Discovery Active ETFMatthews China Discovery Active ETF

Matthews China Discovery Active ETF

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Key stats


Assets under management (AUM)
‪2.13 M‬USD
Fund flows (1Y)
‪−199.52 K‬USD
Dividend yield (indicated)
5.29%
Discount/Premium to NAV
0.4%
Shares outstanding
‪80.00 K‬
Expense ratio
0.89%

About Matthews China Discovery Active ETF


Issuer
Matthews International Capital Management LLC
Brand
Matthews
Inception date
Jan 10, 2024
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
Matthews International Capital Management LLC
Distributor
Foreside Funds Distributors LLC
MCHS aims to capitalize on growth opportunities within the Chinese market, including its administrative district, Hong Kong. It seeks sustainable growth based on fundamental characteristics such as balance sheet strength, employee count, cash flow stability, management quality, product lines, marketing strategies, corporate governance, and financial health. With a primary focus on small companies, the fund allocates at least 65% of its assets to common and preferred stocks of these enterprises, with the remaining portion comprising mid-caps. While the fund can explore opportunities outside of China, it caps non-Chinese exposure by 20%. The fund identifies Chinese affiliations for companies based on legal structure, revenue sources, and trading markets. For securities, considerations include issuer location, fund usage, asset backing, index inclusion, or currency denomination. Investments may include ADRs and GDRs.

Classification


Asset Class
Equity
Category
Size and style
Focus
Extended market
Niche
Broad-based
Strategy
Active
Geography
China
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of February 11, 2025
Exposure type
StocksBonds, Cash & Other
Producer Manufacturing
Finance
Stocks96.74%
Producer Manufacturing23.20%
Finance13.32%
Consumer Non-Durables10.00%
Consumer Services9.71%
Technology Services9.31%
Industrial Services6.56%
Consumer Durables6.11%
Health Technology4.18%
Electronic Technology3.78%
Process Industries3.41%
Utilities2.13%
Commercial Services1.74%
Transportation1.48%
Retail Trade1.25%
Non-Energy Minerals0.55%
Bonds, Cash & Other3.26%
Cash3.26%
Stock breakdown by region
10%89%
Asia89.75%
North America10.25%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows