ETF Evaluator:
Matthews Pacific Tiger Active ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Pacific/Asia ex-Japan Stk Over the Last Year
| 64.9% | iShares Asia 50 ETF (AIA) |
| 49.0% | Matthews Asia Innovators Active ETF (MINV) |
| 37.1% | Matthews Pacific Tiger Active ETF (ASIA) |
| 35.9% | Franklin FTSE Asia ex Japan ETF (FLAX) |
| 35.7% | iShares MSCI Emerging Markets Asia ETF (EEMA) |
Risk
Index
Risk
Index
ETF Details
Matthews Pacific Tiger Active ETF Overview
Matthews Pacific Tiger Active ETF (ASIA) is an actively managed International Equity Pacific/Asia ex-Japan Stk exchange-traded fund (ETF). Matthews Asia Funds launched the ETF in 2023.
The investment seeks long-term capital appreciation.
Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in Asia excluding Japan, but including all other developed, emerging, and frontier countries and markets in the Asian region.
About Matthews Pacific Tiger Active ETF (ASIA)
There are 2 members of the management team with an average tenure of 0.43 years: Kathy Xu (2026) and Mark Headley (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI AC Asia Ex Japan NR USD index with a weighting of 100%. Matthews Pacific Tiger Active ETF has 65 securities in its portfolio. The top 10 holdings constitute 47.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Matthews Pacific Tiger Active ETF is part of the Equity global asset class and is within the International Equity ETF group. Matthews Pacific Tiger Active ETF has 89.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 89.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Matthews Pacific Tiger Active ETF has 10.3% of the portfolio in cash.
Assets Under Management
The fund has $51 million in total assets, which is below the $1 billion average for the Pacific/Asia ex-Japan Stk category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ASIA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Matthews Pacific Tiger Active ETF expense ratio is above average compared to funds in the Pacific/Asia ex-Japan Stk category. Matthews Pacific Tiger Active ETF has an expense ratio of 0.79%, which is 38% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Matthews Pacific Tiger Active ETF has a portfolio turnover rate of 113%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 36% for the Pacific/Asia ex-Japan Stk category.
Recently, in the month of July 2026, Matthews Pacific Tiger Active ETF returned -8.2%, which earned it a grade of F, as the Pacific/Asia ex-Japan Stk category had an average return of -2.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Matthews Pacific Tiger Active ETF has a trailing yield of 0.87%, which is below the 2.18% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Matthews Pacific Tiger Active ETF Grades
Year to date, the ETF has returned 20.7%, 0.2 percentage points better than the category, which translates into a grade of B. The fund has returned 37.1% over the past year (grade of A).
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ASIA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ASIA Return (NAV) | -8.2% | 3.6% | 37.1% | na | na | na |
| ASIA Return (Price) | -10.5% | 0.1% | 36.1% | na | na | na |
| NAV +/- Price Return | 2.363% | 3.465% | 0.965% | na | na | na |
| Pacific/Asia ex-Japan Stk Avg | -2.7% | 3.8% | 33.3% | 19.0% | 8.7% | 9.2% |
| ASIA Grade (NAV) | F | C | A | na | na | na |
| +/- Category (NAV) | -5.5% | -0.2% | 3.8% | na | na | na |
| ASIA Tax-Cost Ratio | na | na | 0.4% | na | na | na |
ASIA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ASIA Return (NAV) | 20.7% | 30.5% | 4.8% | na | na | na | na | na | na | na | na |
| ASIA Return (Price) | 18.5% | 32.1% | 3.4% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.106% | 0.051% | -0.283% | na | na | na | na | na | na | na | na |
| Pacific/Asia ex-Japan Stk Avg | 20.5% | 29.1% | 10.8% | 6.1% | -14.2% | 0.3% | 16.8% | 16.6% | -14.0% | 37.0% | 6.5% |
| ASIA Grade (NAV) | B | C | D | na | na | na | na | na | na | na | na |
| +/- Category | 0.2% | 1.4% | -6.0% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.9% |
| Total Assets: | $ 51 Mil |
| Share Class Assets: | $ 51 Mil |
| Turnover: | 113.0% |
| Expense Ratio: | 0.79% |
| Index Fund: | No |
| Index Tracked: | MSCI AC Asia Ex Japan NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.5 years | |||
| Average Tenure: 0.4 years | |||
| Managers (Year): Headley Mark (2026), Xu Kathy (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 65 |
| % in Top 10 Holdings: | 47.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 89.7% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 89.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 10.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Matthews Asia Funds |
| Phone Number: | 833-228-5605 |
| Website: | www.matthewsasia.com/ |
| Inception Date: | September 21, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.79% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.57% |
