Matthews Emerging Markets Discovery Active ETF MEMS
$30.26−0.24 (−0.79%)
- 0.99%
- $22M
- +21.9%
- 2.35%
- 0M sh
- $30.78
- low $24.64high $32.57
The ETF.net MEMS Grade
D
Score 34 out of 100
- 8 of 9
Score 34 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.F16 out of 100Rank 8 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 4 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F24 out of 100Rank 8 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A78 out of 100Rank 2 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C47 out of 100Rank 7 of 9
Our read on MEMS
DMost emerging-markets funds are a wall of the same familiar mega-caps. MEMS goes the other direction: an actively run portfolio that commits at least 65% of assets to small companies across emerging markets.
The fund invests primarily in stocks of small companies located in emerging-market countries, with at least 65% of net assets in small companies and at least 80% in emerging-market companies.
Why people hold it
- The small-cap tilt is a written commitment, not a marketing line: the prospectus sets floors of 65% of net assets in small companies and 80% in emerging-market companies.
- No index to hug. Matthews picks names stock by stock, so the portfolio can look nothing like a standard EM benchmark.
- Portfolio build is the strongest part of the package: genuinely small, genuinely emerging, rather than a large-cap book wearing a small-cap label.
Worth knowing
- Pricing sits at 0.99%, above the peer median of 0.95% and well above ex-China index rivals such as EMM (0.66%) and PEMX (0.70%).
- A small fund that trades lightly, so bid-ask spreads can run wider than in large EM index products and add to the stated fee.
- Launched in 2024, so the live record is short. Cash comes back once or twice a year, not monthly.
MEMS Holdings
- Stocks
- 85
- 26%
- Cash and Others
Sectors
- Technology27.8%
- Industrials20.8%
- Financials14.2%
- Consumer Discretionary12.6%
- Health Care8.4%
- Consumer Staples4.6%
- Real Estate3.9%
- Materials3.5%
- Energy2.4%
- Communication1.8%
Geography
- Taiwan26.72%
- India24.10%
- South Korea12.58%
- China6.93%
- Brazil6.91%
- Vietnam2.75%
- Hong Kong2.51%
- United States2.33%
- 15.17%
Developed 5% · Emerging 95%
MEMS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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MEMS$12,189
Returns run to the Oct 12, 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.
| Period | MEMS |
|---|---|
| Year to date | +19.7% |
| 1 month | −0.7% |
| 3 months | −2.9% |
| 1 year | +21.9% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MEMS |
|---|---|---|
| 2026 YTD | +19.7% | |
| 2025 | +11.2% | |
| 2024 | −5.7% |
MEMS in the news
MEMS Dividends
- 2.35%
- $0.72
- $0.72 per share
- Irregular
Distribution history
MEMS Risk
- 16.5%
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.
- 0.32
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.
- −22.2%
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.
- 0.75
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MEMS Cost
0.99%
MEMS0.99%
- The middle half of Emerging Markets Active Growth funds
- Median 0.79%
7 of the 9 Emerging Markets Active Growth funds charge less.
Other funds in Emerging Markets Active Growth
- CPEMXPutnam Emerging Markets Ex-China ETFExpense ratio 0.71%1 year return +46.3%
- CBCEMBaron Emerging Markets Select ETFExpense ratio 0.80%1 year return —
- CWCMEFirst Trust WCM Developing World Equity ETFExpense ratio 0.95%1 year return +16.4%
- DBGEGBaillie Gifford Emerging Markets ETFExpense ratio 0.79%1 year return —
- FTEMXTouchstone ETF Trust - Capital Emerging Markets Ex China Growth ETFExpense ratio 2.72%1 year return +30.8%