Skip to content
etf.net

Launched

Matthews Emerging Markets Equity Active ETF

MEMNYSE ArcaMatthews AsiaD

$38.06+0.07 (+0.18%)

As of Nov 2, 2026, 3:35 PM ET

D25/ 100

Rank 25 of 27 in Emerging Markets Active Equity

D25/100Rank 25 of 27inEmerging Markets Active Equity
Intraday session: up, 72 prints from 37.99 to 38.06. Range 38.00 to 38.70. Use the arrow keys to read each point.38.2038.4038.6010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$50M
1Y total return
+5.1%
Yield · Last 12 months
3.36%
Holdings
68
Avg volume · 30D
3.73K sh
52W range
low $34.38high $47.53
Launched

The ETF.net MEM Grade

Based on 5 of 6 pillars

D

Score 25 out of 100

Category
Emerging Markets Active Equity⁠
Rank
25 of 27
Six-pillar profile for MEM. Scores out of 100: Cost 15, Risk 35, Mission not scored, Tradability 23, Holdings 29, Durability 54. Strongest: Durability (54). Weakest: Cost (15). Based on 5 of 6 pillars.

Score 25 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F15 out of 100
    Rank 22 of 27

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D35 out of 100
    Rank 23 of 27

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F23 out of 100
    Rank 24 of 27

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D29 out of 100
    Rank 23 of 25

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C54 out of 100
    Rank 15 of 27

Our read on MEM

ETF.net Research

In short

DAn Asia specialist's take on the whole emerging world. Matthews runs MEM as a concentrated active book of roughly 40 names, with the prospectus objective pointing primarily at the Asia Pacific region.

Stated mandate

The fund seeks long-term capital appreciation and invests primarily in the Asia Pacific region.

Why people hold it

  • Matthews built its research franchise on Asia, and this fund applies that lens to broad emerging markets rather than tracking an index.matthewsasia.com
  • Concentrated by design: roughly 40 names, at least 80% of net assets in emerging-market common and preferred stock, with stock picking framed by a top-down macro view and beta controls.matthewsasia.com
  • Simple plumbing. A 1940 Act ETF that owns the stocks directly: no swaps, no leverage, no notes.

Worth knowing

  • At 0.79% a year it runs above the typical active EM ETF, and several times the 0.33% charged by systematic rivals like AVEM or the 0.39% at DFEM.
  • Thinly traded next to the category's giants, so the spread you pay getting in and out is part of the real cost.
  • It sits in the lower tier of its active EM peer group on cost and tradability, and with about 40 holdings, individual country and stock calls carry real weight.

MEM Performance

Launched Jul 13, 2022

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

Not enough history yet.Not enough history yet.
MEM$10,515
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MEM $10,515. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 MEM. Periods over one year show the average yearly return.
PeriodMEM
Year to date+6.1%
1 month−12.7%
3 months−10.9%
1 year+5.1%
3 yearsper year+19.5%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 MEM
YearReturn barMEM
2026 YTD+6.1%
2025+28.4%
2024+10.3%
2023+6.9%
2022+7.3%

History from Jul 14, 2022

MEM in the news

MEM 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 Oct 30, 2026.
3.36%Last 12 months
Payout per share
$1.27Last 12 months
Last payment
$1.27 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2022–2026

One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 14, 2022 $0.14; Dec 14, 2023 $0.0031; Dec 18, 2024 $2.26; Dec 17, 2025 $1.27. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Dec 17, 2025Dec 22, 2025$1.27
Dec 18, 2024Dec 23, 2024$2.26
Dec 14, 2023Dec 21, 2023$0.0031
Dec 14, 2022Dec 21, 2022$0.14

$10,000 in MEM 3 years ago paid $1,358 in dividends.

MEM Risk

Risk pillarD35 out of 100Rank 23 of 27 in Emerging Markets Active Equity
How much the fund’s monthly returns vary, scaled to a year.
18.1%
Annualised · 36 months to Oct 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.
0.83
vs 3-month T-bills · to Oct 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.
−19.8%
51 months · trough Oct 2026
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.
1.19
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.

FMP measures it over up to five years of monthly returns.

MEM Cost

Compare MEM and AVEM

Overpaying vs AVEM, tied cheapest in Emerging Markets Active Equity

$8,437

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MEM 0.79%

    $15,174

  • AVEM 0.33% Tied cheapest

    $6,737

$10,000
30 years

Cost over time

  • MEM 0.79%
  • AVEM 0.33%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MEM $15,174AVEM $6,737

Year by year

YearMEMAVEMOverpaying
10$1,405$598$807
20$5,331$2,318$3,013
30$15,174$6,737$8,437

Other funds in Emerging Markets Active Equity

See others