ETF Evaluator: Matthews Asia Innovators Active ETF () Follow This ETF

Matthews Asia Innovators Active ETF Overview

Matthews Asia Innovators Active ETF (MINV) is an actively managed International Equity Pacific/Asia ex-Japan Stock 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 Asia ex Japan that Matthews believes are innovators in their products, services, processes, business models, management, use of technology, or approach to creating, expanding or servicing their markets. It is non-diversified.

About Matthews Asia Innovators Active ETF (MINV)

There are 1 members of the management team with an average tenure of 0.88 years: Tiffany Hsiao (2025). 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 Asia Innovators Active ETF has 55 securities in its portfolio. The top 10 holdings constitute 39.9% 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.

Matthews Asia Innovators Active ETF is part of the Equity global asset class and is within the International Equity ETF group. Matthews Asia Innovators Active ETF has 84.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 5.9% There is 84.2% 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 Asia Innovators Active ETF has 9.9% of the portfolio in cash.

Assets Under Management

The fund has $150 million in total assets, which is below the $1 billion average for the Pacific/Asia ex-Japan Stock 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.

MINV 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 Asia Innovators Active ETF expense ratio is above average compared to funds in the Pacific/Asia ex-Japan Stock category. Matthews Asia Innovators 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 Asia Innovators Active ETF has a portfolio turnover rate of 101%, 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 Stock category.

Recently, in the month of October 2026, Matthews Asia Innovators Active ETF returned -11.4%, which earned it a grade of F, as the Pacific/Asia ex-Japan Stock category had an average return of -6.5%. 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 Asia Innovators Active ETF has a trailing yield of 1.24%, which is below the 2.33% 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 Asia Innovators Active ETF Grades

Year to date, the ETF has returned 21.3%, 6.5 percentage points better than the category, which translates into a grade of A. The fund has returned 16.2% over the past year (grade of B) and 27.0% over the past three years (grade of A).

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