ETF Evaluator:
Man Active Emerging Mkts Alt ETF ()
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(as of Aug 25)
Best Performing in Diversified Emerging Mkts Over the Last Year
| 114.0% | Nomura Focused Emerging Mrkts Eq ETF (EMEQ) |
| 81.0% | FT EM Human Flourishing ETF (FTHF) |
| 68.7% | First Trust Bloomberg Emr Mkt Dem ETF (EMDM) |
| 67.8% | Freedom 100 Emerging Markets ETF (FRDM) |
| 59.4% | Pacific NoS Global EM Equity Active ETF (GEME) |
Risk
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Risk
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ETF Details
Man Active Emerging Mkts Alt ETF Overview
Man Active Emerging Mkts Alt ETF (MEMA) is an actively managed International Equity Diversified Emerging Mkts exchange-traded fund (ETF). Man Group PLC launched the ETF in 2025.
The investment seeks to provide capital growth over the medium to long term.
The fund will invest, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in equity and equity-related securities of emerging market issuers. Equity and equity-related securities include exchange-traded and over-the-counter common and preferred stocks, warrants, options, rights, convertible securities, sponsored and unsponsored depositary receipts, trust certificates, partnership interests and shares of other investment companies (including other exchange-traded funds (“ETFs”)). The fund is non-diversified.
About Man Active Emerging Mkts Alt ETF (MEMA)
There are 2 members of the management team with an average tenure of 0.62 years: Daniel Taylor (2025) and Ben Zhao (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Man Active Emerging Mkts Alt ETF has 456 securities in its portfolio. The top 10 holdings constitute 89.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Man Active Emerging Mkts Alt ETF is part of the Equity global asset class and is within the International Equity ETF group. Man Active Emerging Mkts Alt ETF has 96.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.2% There is 96.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 17.2% (17.2% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Man Active Emerging Mkts Alt ETF has 34.2% of the portfolio in cash.
Assets Under Management
The fund has $12 million in total assets, which is below the $3 billion average for the Diversified Emerging Mkts 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.
MEMA 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 Man Active Emerging Mkts Alt ETF expense ratio is high compared to funds in the Diversified Emerging Mkts category. Man Active Emerging Mkts Alt ETF has an expense ratio of 0.85%, which is 64% 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. Man Active Emerging Mkts Alt ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 44% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, Man Active Emerging Mkts Alt ETF returned -2.4%, which earned it a grade of B, as the Diversified Emerging Mkts category had an average return of -3.0%. 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.
Man Active Emerging Mkts Alt ETF has a trailing yield of 0.00%, which is below the 2.41% 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.
Man Active Emerging Mkts Alt ETF Grades
Year to date, the ETF has returned 16.6%, 0.5 percentage points worse than the category, which translates into a grade of C.
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MEMA 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 |
|
| MEMA Return (NAV) | -2.4% | -0.3% | na | na | na | na |
| MEMA Return (Price) | -5.2% | -4.5% | na | na | na | na |
| NAV +/- Price Return | 2.783% | 4.202% | na | na | na | na |
| Diversified Emerging Mkts Avg | -3.0% | 3.0% | 31.9% | 16.6% | 7.1% | 7.8% |
| MEMA Grade (NAV) | B | F | na | na | na | na |
| +/- Category (NAV) | 0.6% | -3.3% | na | na | na | na |
| MEMA Tax-Cost Ratio | na | na | na | na | na | na |
MEMA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MEMA Return (NAV) | 16.6% | na | na | na | na | na | na | na | na | na | na |
| MEMA Return (Price) | 14.2% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.149% | na | na | na | na | na | na | na | na | na | na |
| Diversified Emerging Mkts Avg | 17.1% | 29.2% | 6.7% | 12.8% | -18.8% | 2.3% | 12.7% | 18.2% | -14.6% | 33.7% | 10.9% |
| MEMA Grade (NAV) | C | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.5% | na | na | 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: | -- |
| Total Assets: | $ 12 Mil |
| Share Class Assets: | $ 12 Mil |
| Turnover: | na |
| Expense Ratio: | 0.85% |
| Index Fund: | No |
| Index Tracked: | N/A |
| 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: 0.6 years | |||
| Average Tenure: 0.6 years | |||
| Managers (Year): Taylor Daniel (2025), Zhao Ben (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 456 |
| % in Top 10 Holdings: | 89.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 96.6% |
Portfolio Allocation |
|
| Domestic Stock: | 1.2% |
| Foreign Stock: | 96.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 17.2% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -49.3% |
| Cash: | 34.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Man Group PLC |
| Phone Number: | 866-505-1108 |
| Website: | |
| Inception Date: | December 16, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.85% (Rating: High) |
| Category Average Expense Ratio (%): | 0.52% |
