ETF Evaluator:
Matthews Emerging Markets Eq Actv ETF ()
Follow This ETF
(as of Nov 13)
Best Performing in Diversified Emerging Markets Over the Last Year
| 54.4% | Nomura Focused Emerging Mrkts Eq ETF (EMEQ) |
| 41.5% | FT EM Human Flourishing ETF (FTHF) |
| 33.6% | Invesco DW Emerging Markets Momt ETF (PIE) |
| 32.8% | KraneShares MSCI Em Mkts ex CHN ETF (KEMX) |
| 32.6% | Freedom 100 Emerging Markets ETF (FRDM) |
Risk
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Risk
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ETF Details
Matthews Emerging Markets Eq Actv ETF Overview
Matthews Emerging Markets Eq Actv ETF (MEM) is an actively managed International Equity Diversified Emerging Markets 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 emerging market countries. It seeks to invest in companies capable of sustainable growth based on the fundamental characteristics of those companies, including balance sheet information; number of employees; size and stability of cash flow; management’s depth, adaptability and integrity; product lines; marketing strategies; corporate governance; and financial health.
About Matthews Emerging Markets Eq Actv ETF (MEM)
There are 2 members of the management team with an average tenure of 2.87 years: Jeremy Sutch (2023) and Sean Taylor (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI EM NR USD index with a weighting of 100%. Matthews Emerging Markets Eq Actv ETF has 71 securities in its portfolio. The top 10 holdings constitute 44.8% 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 Emerging Markets Eq Actv ETF is part of the Equity global asset class and is within the International Equity ETF group. Matthews Emerging Markets Eq Actv ETF has 90.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.0% There is 90.9% 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 Emerging Markets Eq Actv ETF has 8.1% of the portfolio in cash.
Assets Under Management
The fund has $50 million in total assets, which is below the $3 billion average for the Diversified Emerging Markets 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.
MEM 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 Emerging Markets Eq Actv ETF expense ratio is above average compared to funds in the Diversified Emerging Markets category. Matthews Emerging Markets Eq Actv ETF has an expense ratio of 0.79%, which is 55% 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 Emerging Markets Eq Actv ETF has a portfolio turnover rate of 118%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 47% for the Diversified Emerging Markets category.
Recently, in the month of October 2026, Matthews Emerging Markets Eq Actv ETF returned -12.7%, which earned it a grade of F, as the Diversified Emerging Markets category had an average return of -7.3%. 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 Emerging Markets Eq Actv ETF has a trailing yield of 3.34%, which is above the 2.61% 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 Emerging Markets Eq Actv ETF Grades
Year to date, the ETF has returned 6.7%, 5.0 percentage points worse than the category, which translates into a grade of D. The fund has returned 5.7% over the past year (grade of F) and 19.4% over the past three years (grade of C).
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MEM Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MEM Return (NAV) | -12.7% | -11.9% | 5.7% | 19.4% | na | na |
| MEM Return (Price) | -12.7% | -10.9% | 5.2% | 19.5% | na | na |
| NAV +/- Price Return | -0.063% | -0.989% | 0.578% | -0.062% | na | na |
| Diversified Emerging Markets Avg | -7.3% | -4.7% | 13.0% | 19.5% | 6.0% | 7.1% |
| MEM Grade (NAV) | F | F | F | C | na | na |
| +/- Category (NAV) | -5.4% | -7.2% | -7.3% | -0.1% | na | na |
| MEM Tax-Cost Ratio | na | na | 1.5% | 1.5% | na | na |
MEM Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MEM Return (NAV) | 6.7% | 27.5% | 10.8% | 7.5% | na | na | na | na | na | na | na |
| MEM Return (Price) | 6.1% | 28.4% | 10.3% | 6.9% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.088% | 0.030% | -0.043% | -0.076% | na | na | na | na | na | na | na |
| Diversified Emerging Markets Avg | 11.6% | 29.2% | 6.7% | 12.8% | -18.8% | 2.3% | 12.7% | 18.2% | -14.6% | 33.7% | 10.9% |
| MEM Grade (NAV) | D | D | A | F | na | na | na | na | na | na | na |
| +/- Category | -5.0% | -1.7% | 4.1% | -5.3% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.28 |
| R-Squared: | 70% |
| Standard Deviation: | 19.9% |
| Category Risk Index: | 1.21 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.64 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 3.3% |
| Total Assets: | $ 50 Mil |
| Share Class Assets: | $ 50 Mil |
| Turnover: | 118.4% |
| Expense Ratio: | 0.79% |
| Index Fund: | No |
| Index Tracked: | MSCI EM 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: 2.9 years | |||
| Average Tenure: 2.9 years | |||
| Managers (Year): Sutch Jeremy (2023), Taylor Sean (2023) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 71 |
| % in Top 10 Holdings: | 44.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 90.9% |
Portfolio Allocation |
|
| Domestic Stock: | 1.0% |
| Foreign Stock: | 90.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 8.1% |
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 (%): | 0.51% |
