Summary
Matthews Emerging Markets ex China Active ETF MEMX is an ETF - a fund traded on an exchange like a stock - run by Matthews Asia. Positions inside: 79. The ten largest make up 40% of the fund.
- Yearly costs
- 0.79%
- Fund size
- $53.0M
- Positions
- 79
- Dividend yield
- 4.09%
- Running since
- 2023
What speaks for it
- Average yearly growth over the last three years: 21%.
What to watch
- 48% of the fund is in one sector (Technology).
- Costs of 0.79% a year are above the middle of comparable funds (0.37%).
- A small fund with $53.0M under management; small funds get closed more often.
- It trades little: only about $140.1K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -7.5%
- 3 months
- -1.5%
- This year
- +19%
- 1 year
- +23%
- 3 years
- +78%
- Avg. market cap
- $523.5B
- P/E
- 15.5x
- Forward P/E
- 12.7x
- P/S
- 2.3x
- P/B
- 3.1x
- P/FCF
- 14.5x
- EV/EBITDA
- 10.1x
- Dividend yield
- 1.26%
- ROIC
- 18.9%
- ROE
- 29.8%
- Gross margin
- 45.3%
- Operating margin
- 31.2%
- Net margin
- 26.6%
- Payout ratio
- 19.5%
- Net debt/EBITDA
- 0.1x
- Beta
- 1.20
Weighted average of the 50 largest companies, which make up 80% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 23Taiwan Semiconductor Manufacturing Company Limited 2330.TW 8.9%
- 2 00Samsung Electronics Co., Ltd. 005930.KS 8.3%
- 3 23Taiwan Semiconductor Manufacturing Company Limited 2330.TW 5.4%
- 4 CASH AND OTHERS 4.7%
- 5 00SK hynix Inc. 000660.KS 3.2%
- 6 24MediaTek Inc. 2454.TW 3.0%
- 7 23Hon Hai Precision Industry Co., Ltd. 2317.TW 2.0%
- 8 37ASE Technology Holding Co., Ltd. 3711.TW 1.7%
- 9 FCFreeport-McMoRan Inc. FCX 1.7%
- 10 PBPetróleo Brasileiro PBR 1.5%
Positions in the fund: 79. The ten largest make up 40% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Technology 48%
- Financials 23%
- Industrials 7.9%
- Consumer cyclical 7.6%
- Basic materials 4.3%
- Other 9.0%
By country
- South Korea 28%
- Taiwan 26%
- India 11%
- Brazil 6.2%
- Other countries 30%
By company size
- Mega cap 34%
- Large cap 52%
- Mid cap 11%
- Small cap 1.3%
- Micro cap 1.8%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 85% of the fund.
Largest sector: Technology (48%). Largest country: South Korea (28%). Largest size group: Large cap (52%).
What does it cost me?
Expensive- A year from $10,000
- $79.00
- Over 20 years
- $3,720
From every $10,000 invested the fund takes $79.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,720.
How has it done?
Growing over the long run- A year on average, 3 years
- +21%
- Deepest drop
- -20%
- Yearly volatility
- 28%
Average yearly growth over the last three years: 21%. Deepest drop in these years: 20% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 4.09%
- Payments a year
- 1
- Last payment
- $1.83
Over the last 12 months it paid $1.83 per share, which is 4.09% of today's price. The last payment was $1.83 on Dec 17, 2025.
Is it easy to buy and sell?
It trades little- Traded a day
- $140.1K
- Shares a day
- 3.1K
On an average day about $140.1K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 15.5
- Average Bulios Score
- 72 out of 100
Weight by Bulios Fair Price
- Undervalued 25%
- Fairly valued 5.4%
- Overvalued 70%
On average the companies inside trade for 15.5 times their yearly profit. By Fair Price, 70% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 80% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
ME MEM Matthews Emerging Markets Equity Active ETF | United States | 0.79% | $48.4M | +11% | Pays out | 48% |
AS ASIA Matthews Pacific Tiger Active ETF ASIA | United States | 0.79% | $46.3M | +10% | Pays out | 40% |
KE KEMX KraneShares MSCI Emerging Markets ex China Index ETF | United States | 0.59% | $125.3M | +34% | Pays out | 39% |
EM EMXC iShares MSCI Emerging Markets ex China ETF | United States | 0.25% | $24.5B | +31% | Pays out | 39% |
GT GTDDX Invesco Emerging Markets ex-China Fund Class A· mutual fund | - | - | $1.07B | +17% | Pays out | 39% |
IX IXSRF iShares MSCI EM ex-China UCITS ETF | Ireland | 0.18% | $5.24B | +35% | Reinvests | 38% |