ETF Evaluator:
Matthews China Active ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Greater China Region Over the Last Year
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Risk
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ETF Details
Matthews China Active ETF Overview
Matthews China Active ETF (MCH) is an actively managed International Equity Greater China Region exchange-traded fund (ETF). Matthews Asia Funds launched the ETF in 2022.
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 China. China includes its administrative and other districts, such as Hong Kong and Macau. The fund seeks to invest in companies capable of sustainable growth based on the fundamental characteristics of those companies.
About Matthews China Active ETF (MCH)
There are 1 members of the management team with an average tenure of 4.05 years: Andrew Mattock (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI China NR USD index with a weighting of 100% and MSCI China All Shares NR USD index with a weighting of 100%. Matthews China Active ETF has 57 securities in its portfolio. The top 10 holdings constitute 46.0% 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 China Active ETF is part of the Equity global asset class and is within the International Equity ETF group. Matthews China Active ETF has 98.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.8% There is 98.3% 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 China Active ETF has 0.9% of the portfolio in cash.
Assets Under Management
The fund has $22 million in total assets, which is below the $1 billion average for the Greater China Region 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.
MCH 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 China Active ETF expense ratio is above average compared to funds in the Greater China Region category. Matthews China Active ETF has an expense ratio of 0.79%, which is 21% higher than its category average, making the fund expense ratio grade a D. 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 China Active ETF has a portfolio turnover rate of 39%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 56% for the Greater China Region category.
Recently, in the month of July 2026, Matthews China Active ETF returned -3.1%, which earned it a grade of C, as the Greater China Region category had an average return of -0.9%. 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 China Active ETF has a trailing yield of 1.76%, which is below the 3.41% 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 China Active ETF Grades
Year to date, the ETF has returned -0.6%, 2.8 percentage points worse than the category, which translates into a grade of C. The fund has returned 10.4% over the past year (grade of C) and 8.4% over the past three years (grade of C).
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MCH 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 |
|
| MCH Return (NAV) | -3.1% | 1.1% | 10.4% | 8.4% | na | na |
| MCH Return (Price) | -2.9% | -1.0% | 10.5% | 7.7% | na | na |
| NAV +/- Price Return | -0.198% | 2.061% | -0.127% | 0.785% | na | na |
| Greater China Region Avg | -0.9% | -2.5% | 14.5% | 8.6% | -1.6% | 5.1% |
| MCH Grade (NAV) | C | A | C | C | na | na |
| +/- Category (NAV) | -2.2% | 3.6% | -4.1% | -0.2% | na | na |
| MCH Tax-Cost Ratio | na | na | 0.7% | 0.6% | na | na |
MCH Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MCH Return (NAV) | -0.6% | 29.8% | 18.2% | -19.4% | na | na | na | na | na | na | na |
| MCH Return (Price) | -0.7% | 30.2% | 17.3% | -19.9% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.099% | 0.012% | -0.045% | 0.029% | na | na | na | na | na | na | na |
| Greater China Region Avg | 2.2% | 30.4% | 11.2% | -10.5% | -25.1% | -7.2% | 42.8% | 26.9% | -22.9% | 45.1% | -6.2% |
| MCH Grade (NAV) | C | C | A | F | na | na | na | na | na | na | na |
| +/- Category | -2.8% | -0.6% | 7.0% | -8.9% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.83 |
| R-Squared: | 21% |
| Standard Deviation: | 25.3% |
| Category Risk Index: | 0.97 |
| Category Risk Rating: | Average |
| Total Risk Index: | 2.06 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 1.8% |
| Total Assets: | $ 23 Mil |
| Share Class Assets: | $ 23 Mil |
| Turnover: | 39.1% |
| Expense Ratio: | 0.79% |
| Index Fund: | No |
| Index Tracked: | MSCI China 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: 1 | |||
| Longest Tenure: 4.1 years | |||
| Average Tenure: 4.1 years | |||
| Managers (Year): Mattock Andrew (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 57 |
| % in Top 10 Holdings: | 46.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.8% |
| Foreign Stock: | 98.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Matthews Asia Funds |
| Phone Number: | 833-228-5605 |
| Website: | www.matthewsasia.com/ |
| Inception Date: | July 13, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.79% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.65% |
