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ASIA

GradeDNew York Stock Exchange Arca

Matthews Pacific Tiger Active ETF ASIA

Active Equity · Matthews Asia · Inception 2023-09-21

$42.58+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Sep 22, 2023.
Intraday session: up, 15 prints from 40.29 to 42.58. Range 40.29 to 42.58. Use the arrow keys to read each point.$40.50$41.00$41.50$42.00Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.79%
Fund size
$53M
1Y return
+29.2%
Yield · Last 12 months
0.84%
Volume · 30D
0M sh
NAV per share
$41.39
52W range
low $32.15high $47.47

The ETF.net ASIA Grade

D

27/ 100

Rank 27 of 28 in Emerging Markets Active Equity

Confidence Medium

Six-pillar profile for ASIA. Scores out of 100: Cost 24, Risk 18, Mission not scored, Tradability 27, Holdings 41, Durability 51. Strongest: Durability (51). Weakest: Risk (18). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 27 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 24
    Category rank20/28 · mid-pack
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 18
    Category rank27/28 · bottom quartile
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 27
    Category rank21/28 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 41
    Category rank19/26 · mid-pack
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 51
    Category rank17/28 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on ASIA

ETF.net Research

DMost international ETFs spread you across the developed world. ASIA does one job: active stock-picking across the Asia-Pacific, from region specialist Matthews, inside a plain-vanilla 1940 Act ETF wrapper.

Stated mandate

The fund seeks long-term capital appreciation through an Asia-focused active equity strategy.

Why people hold it

  1. 01One region, one job: Asia-Pacific equities chosen actively, with long-term capital appreciation as the stated objective. The highest-graded funds in its group are broad developed-international instead.
  2. 02Active by design. There's no index to shadow, so the portfolio reflects the manager's Asia growth calls rather than a benchmark's country and sector weights.
  3. 03Ordinary ETF plumbing around a specialist strategy: a registered 1940 Act fund with the usual intraday trading and creation/redemption mechanics.

Worth knowing

  1. 01Fees run 0.79% a year against a 0.60% peer-group median, and far above systematic rivals like DFIC (0.22%) and AVDE (0.23%). Hands-on Asia research carries a price tag.
  2. 02Thinly traded with a modest asset base, which can mean wider bid-ask spreads at the moment you trade.
  3. 03Launched in 2023, so the ETF's own record is short, and payouts arrive only annually or semiannually. This is a growth mandate, not an income one.

ASIA Holdings

As of Sep 20, 2026, 8:55 AM
Asset class
Stocks
Holdings
Top-10 weight
49%
Largest holding
005930.KS9.0%

Sectors

  • Technology48.4%
  • Financials23.2%
  • Consumer Discr.8.8%
  • Communication6.3%
  • Industrials4.8%
  • Health Care4.3%
  • Materials1.8%
  • Real Estate1.5%
  • Energy0.9%

Geography

  • Taiwan31.10%
  • China22.59%
  • South Korea21.55%
  • India11.80%
  • Singapore5.94%
  • United Kingdom2.84%
  • Thailand1.46%
  • Malaysia1.13%
  • Other countries (3)1.58%

Developed 9% · Emerging 91% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001005930.KSSAMSUNG ELECTRONICS CO., LTD.9.02%24,704$5M176
0022330.TWTAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. ADR8.60%10,234$4M175
0032330.TWTAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD.5.99%40,000$3M175
004CASH AND OTHERS5.41%0$3M12
005000660.KSSK HYNIX, INC.4.55%1,752$2M184
006D05.SIDBS GROUP HOLDINGS, LTD.3.37%29,000$2M139
0079988.HKALIBABA GROUP HOLDING, LTD.3.17%117,840$2M128
0080700.HKTENCENT HOLDINGS, LTD.3.17%30,700$2M153
0092308.TWDELTA ELECTRONICS, INC.2.74%26,000$1M154
010105560.KSKB FINANCIAL GROUP, INC.2.62%10,706$1M99
011601939.SSCHINA CONSTRUCTION BANK CORP. H SHARES2.41%1,021,000$1M58
012601398.SSINDUSTRIAL & COMMERCIAL BANK OF CHINA, LTD. H SHARES2.13%1,151,000$1M59
0132882.TWCATHAY FINANCIAL HOLDING CO., LTD.2.02%300,000$1M103
0142454.TWMEDIATEK, INC.2.01%7,000$1M162
015ICICIBANK.NSICICI BANK, LTD.1.83%67,726$946K13

Showing 1–15 of 65 holdings

ASIA Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

ASIA$12,923
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. ASIA $12,923. SPY $11,723. Use the arrow keys to read each point.$9,144$11,954$14,765Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ASIA. Periods over one year show the average yearly return.
PeriodASIA
Year to date+24.6%
1 month+2.8%
3 months−10.1%
1 year+29.2%
3 years+19.4%per year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ASIA
YearReturn barASIA
2026 YTD+24.6%
2025+32.1%
2024+3.4%
2023+0.0%

History from Sep 22, 2023

ASIA in the news

ETF.net Research hasn’t filed on ASIA yet — coverage lands here as it’s written.

ASIA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.84%Last 12 months
Payout per share
$0.36Last 12 months
Last payment
$0.36 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 14, 2023 $0.03; Dec 18, 2024 $0.15; Dec 17, 2025 $0.36. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 17, 2025Dec 22, 2025$0.36
Dec 18, 2024Dec 23, 2024$0.15
Dec 14, 2023Dec 21, 2023$0.03

ASIA Risk

How much the fund’s monthly returns vary, scaled to a year.
18.8%
Annualised · 35 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.81
vs 3-month T-bills · 35 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−23.9%
36 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.92
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ASIA Cost

Expense ratio0.79%
  • The middle half of Emerging Markets Active Equity funds
  • Median 0.65%

19 of the 27 Emerging Markets Active Equity funds charge less.

ASIA costs $79.00 a year on $10,000. The median Emerging Markets Active Equity fund costs $65.00.