Matthews Emerging Markets Discovery Active ETF MEMS
$30.45−0.55 (−1.77%)
- Expense ratio
- 0.99%
- Fund size
- $22M
- 1Y return
- +16.0%
- Yield · Last 12 months
- 2.31%
- Volume · 30D
- 0M sh
- NAV per share
- $30.47
- 52W range
The ETF.net MEMS Grade
Score 33 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 16Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 46Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 20Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 79Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 48Category rank
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
- —
- 28%
- CASH AND OTHERS
Sectors
- Technology27.3%
- Industrials20.8%
- Financials15.0%
- Consumer Discr.13.6%
- Health Care7.6%
- Cons. Staples4.5%
- Materials4.0%
- Real Estate2.8%
- Energy2.5%
- Communication1.9%
Geography
- Taiwan25.47%
- India25.20%
- South Korea13.00%
- China7.62%
- Brazil5.01%
- Hong Kong2.87%
- Vietnam2.53%
- United States2.17%
- 16.13%
Developed 6% · Emerging 94%
MEMS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | MEMS |
|---|---|
| Year to date | +21.6% |
| 1 month | +0.8% |
| 3 months | −4.5% |
| 1 year | +16.0% |
| 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 | +21.6% | |
| 2025 | +11.2% | |
| 2024 | −5.7% |
MEMS in the news
ETF.net Research hasn’t filed on MEMS yet — coverage lands here as it’s written.
MEMS Dividends
- 2.31%
- $0.72
- $0.72 per share
- Irregular
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 17, 2025 | Dec 22, 2025 | $0.72 |
| Dec 18, 2024 | Dec 23, 2024 | $0.33 |
MEMS Risk
- 16.7%
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.
- 0.38
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
- The middle half of Emerging Markets Active Growth funds
- Median 0.79%
7 of the 9 Emerging Markets Active Growth funds charge less.