MCH
Matthews China Active ETF
MCH is actively managed to hold stocks of Chinese companies that are fundamentally screened for sustainable growth. The fund also considers ESG factors in the investment process.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 16.2 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Inception date | Jul 13, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TENCENT HOLDINGS LTD | 12.8 % |
| CHINA CONSTRUCTION BANK-H | 5.9 % |
| PING AN INSURANCE GROUP CO-H | 4.9 % |
| ALIBABA GROUP HOLDING LTD. | 4.7 % |
| MEITUAN DIANPING | 4.7 % |
| BANK OF NINGBO CO LTD -A | 3.3 % |
| CHINA MERCHANTS BANK -A | 3.1 % |
| CHINA LIFE INSURANCE CO-H | 3.0 % |
| CHINA INTERNATIONAL CAPITAL CORP. LTD. C | 2.9 % |
| WUXI APPTEC CO., LTD. CLASS A | 2.8 % |
Constituent Breakdown
| Number of holdings | 57 |
| Herfindahl-Hirschman Index | 364 |
| Wgt avg mkt cap (mns) | $121,939 |
| Large cap (>$10bn) | 75.4% |
| Mid cap ($2-10bn) | 18.7% |
| Small cap (<$2bn) | 1.3% |
| Developed mkts. | 6.4% |
| Emerging mkts. | 88.7% |
Sector Breakdown
Country Exposure
 |
CHINA | 89.1 % |
 |
HONG KONG | 6.2 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -4.0% | -10.5% | 5.0% | 9.7% | -- | -- | -- | 2.0% |
| Dividend Yield | 0.0% | 1.6% | 1.6% | 1.7% | -- | -- | -- | 1.1% |
| Total Returns | -4.0% | -8.9% | 6.6% | 11.4% | -- | -- | -- | 3.1% | Ann. Volatility | 22.7% | 21.8% | 28.4% | 28.2% | -- | -- | -- | 29.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 37% |
| MSCI EAFE | 0.80 | 35% |
| MSCI Emg Mkts | 0.59 | 48% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.21% |
Technical Indicators
| 30d moving avg. (EMA) | $25.64 |
| Relative strength (RSI) | 33 |
| MACD/Signal | -0.82/-0.78 |
| Bollinger Bands (Upper/Lower) | $27.26/$23.28 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MCH |
Expenses vs. MCH |
ALTAR Score™ vs. MCH |
|---|---|---|---|---|
| MCHI | iShares MSCI China ETF | 35.0% | -20 bp | +6.6% |
| JCHI | JPMorgan Active China ETF | 34.7% | -14 bp | +3.6% |
| FXI | iShares China Large-Cap ETF | 34.5% | -6 bp | +6.7% |
| FLCH | Franklin FTSE China ETF | 33.3% | -60 bp | +5.5% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 33.2% | -47 bp | +5.2% |
| GXC | SPDR S & P China ETF | 28.4% | -20 bp | +6.0% |
| KWEB | KraneShares CSI China Internet ETF | 26.3% | -10 bp | +12.3% |
| CQQQ | Invesco China Technology ETF | 23.0% | -14 bp | -1.2% |
| FDNI | First Trust Dow Jones International Internet ETF | 22.9% | -14 bp | +10.5% |
| CGRO | CoreValues Alpha Greater China Growth ETF | 22.3% | +10 bp | -6.9% |
Risk and Returns: MCH vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/5/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
12.9%
ALTAR SCORE™
97th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 211 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.3% and a standard deviation
of 2.4%. MCH's ALTAR Score™ is approximately 1.9 standard
deviations above the category average. This places MCH in the 97th percentile
among funds in the category.
Sell-Side Consensus
$35.14
PRICE TARGET
+39.2%
UPSIDE