Key stats
About Matthews China Discovery Active ETF
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Inception date
Jan 10, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Matthews International Capital Management LLC
Distributor
Foreside Funds Distributors LLC
ISIN
US5771257350
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Producer Manufacturing
Technology Services
Consumer Services
Stocks94.52%
Producer Manufacturing20.37%
Technology Services12.96%
Consumer Services10.03%
Consumer Non-Durables7.27%
Industrial Services7.24%
Health Technology7.03%
Consumer Durables6.96%
Electronic Technology6.01%
Finance4.65%
Non-Energy Minerals2.79%
Process Industries2.52%
Transportation2.19%
Utilities1.59%
Retail Trade1.05%
Distribution Services0.86%
Commercial Services0.60%
Miscellaneous0.43%
Bonds, Cash & Other5.48%
Cash5.48%
Stock breakdown by region
Asia92.65%
North America6.43%
Oceania0.93%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MCHS invests in stocks. The fund's major sectors are Producer Manufacturing, with 20.37% stocks, and Technology Services, with 12.96% of the basket. The assets are mostly located in the Asia region.
MCHS assets under management is 2.76 M USD. It's risen 1.82% over the last month.
MCHS fund flows account for −2.22 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MCHS pays dividends to its holders with the dividend yield of 4.07%. The last dividend (Dec 23, 2024) amounted to 1.41 USD. The dividends are paid annually.
MCHS shares are issued by Matthews International Capital Management LLC under the brand Matthews. The ETF was launched on Jan 10, 2024, and its management style is Active.
MCHS expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
MCHS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MCHS invests in stocks.
MCHS price has risen by 3.11% over the last month, and its yearly performance shows a 38.13% increase. See more dynamics on MCHS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.61% over the last month, showed a 20.22% increase in three-month performance and has increased by 33.55% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.61% over the last month, showed a 20.22% increase in three-month performance and has increased by 33.55% in a year.
MCHS trades at a premium (0.19%) meaning the ETF is trading at a higher price than the calculated NAV.