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Launched

Matthews Emerging Markets Discovery Active ETF MEMS

MEMSNasdaqMatthews AsiaD

$27.09−0.86 (−3.09%)

At close: Nov 2, 2026, 4:00 PM ET

D34/ 100

Rank 8 of 9 in Emerging Markets Active Growth

D34/100Rank 8 of 9inEmerging Markets Active Growth
Intraday session: down, 78 prints from 27.96 to 27.09. Range 27.09 to 27.47. Use the arrow keys to read each point.27.2027.4027.6027.8010 AM12 PM2 PM4 PM
Expense ratio
0.89%*
Fund size
$20M
1Y total return
+1.6%
Yield · Last 12 months
2.65%
Holdings
82
Avg volume · 30D
1.07K sh
52W range
low $24.64high $32.57
Launched

*After a fee waiver that ends Apr 30, 2027. Without it: 0.99%.

The ETF.net MEMS Grade

Based on 5 of 6 pillars

D

Score 34 out of 100

Category
Emerging Markets Active Growth⁠
Rank
8 of 9
Six-pillar profile for MEMS. Scores out of 100: Cost 17, Risk 46, Mission not scored, Tradability 28, Holdings 78, Durability 47. Strongest: Holdings (78). Weakest: Cost (17). Based on 5 of 6 pillars.

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.
    F17 out of 100
    Rank 8 of 9

  • 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.
    C46 out of 100
    Rank 5 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D28 out of 100
    Rank 7 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A78 out of 100
    Rank 2 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 7 of 9

Our read on MEMS

ETF.net Research

In short

DMost emerging-markets funds are a bet on a handful of giants. MEMS shops the other end of the shelf: an active portfolio with at least 65% in small emerging-market companies, at 0.89% net of a waiver through April 30, 2027.

Stated mandate

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 contractual: at least 65% of net assets in small companies, at least 80% in emerging-market companies, measured against the MSCI EM Small Cap benchmark.sec.govmatthewsasia.com
  • Matthews hunts capital-efficient, entrepreneurial companies with pricing power or differentiated technology, leaning toward businesses that serve rising domestic demand.matthewsasia.com
  • Portfolio build is the strongest part of the package: dozens of small-cap names spread across emerging markets instead of a few oversized bets.matthewsasia.com

Worth knowing

  • At 0.89% net of a waiver through April 30, 2027 (0.99% gross), it prices above the category median; active EM peers FFEM (0.60%) and CGNG (0.64%) charge less.
  • A small, lightly traded fund since its January 2024 launch, so spreads can be wide and limit orders do real work.
  • Distributions land once or twice a year, not monthly, and EM small caps stack currency and local-market swings on top of ordinary emerging-market risk.

MEMS Performance

Launched Jan 10, 2024

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.Not enough history yet.
MEMS$10,161
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. MEMS $10,161. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 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 MEMS. Periods over one year show the average yearly return.
PeriodMEMS
Year to date+5.9%
1 month−10.3%
3 months−6.7%
1 year+1.6%
3 yearsFund is under 3 years oldper yearNo data
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 MEMS
YearReturn barMEMS
2026 YTD+5.9%
2025+11.2%
2024−5.7%

History from Jan 11, 2024

MEMS in the news

MEMS 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.
2.65%Last 12 months
Payout per share
$0.72Last 12 months
Last payment
$0.72 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 18, 2024 $0.33; Dec 17, 2025 $0.72. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 17, 2025Dec 22, 2025$0.72
Dec 18, 2024Dec 23, 2024$0.33

$10,000 in MEMS 1 year ago paid $262 in dividends.

MEMS Risk

Risk pillarC46 out of 100Rank 5 of 9 in Emerging Markets Active Growth
How much the fund’s monthly returns vary, scaled to a year.
17.6%
Annualised · 33 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.
0.07
vs 3-month T-bills · 33 months 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.
−22.2%
33 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.
0.75
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.

MEMS Cost

Compare MEMS and FFEM

Overpaying vs FFEM, cheapest in Emerging Markets Active Growth

$5,055

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

  • MEMS 0.89%

    $16,872

  • FFEM 0.60% Cheapest

    $11,817

$10,000
30 years

Cost over time

  • MEMS 0.89%
  • FFEM 0.60%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MEMS $16,872FFEM $11,817

Year by year

YearMEMSFFEMOverpaying
10$1,576$1,076$500
20$5,953$4,116$1,837
30$16,872$11,817$5,055
How the 0.89% is worked out

Full fee 0.99%− waiver 0.10%= you pay 0.89%

The waiver ends Apr 30, 2027. After that the fee is 0.99% unless Matthews Asia renews it. Source: prospectus, Apr 2026.

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