Matthews Asia Dividend Active ETF ADVE
ADVE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Four Embarcadero Center, Suite 550 San Francisco CA United States of America 94111
- IPO Date
- Sep 22, 2023
- Website
- matthewsasia.com
- Similar Companies
- Business
- Matthews Asia Dividend Active ETF (ADVE) is an actively managed exchange-traded fund that seeks total return with an emphasis on providing current income above the yield generally available in Asian equity markets; it invests at least 80% of its net assets in dividend-paying equity securities of companies located in Asia, including developed, emerging, and frontier markets, and may also hold convertible debt and equity securities. The fund employs an unconstrained all-cap portfolio with a quality bias, targeting dividend payers and growers across sectors such as financials, information technology, and communication services; top holdings include Taiwan Semiconductor Manufacturing Co. Ltd. (9.9%), Tencent Holdings Ltd. (5.2%), and Samsung Electronics Co. Ltd. (4.2%), with geographic exposure spanning China/Hong Kong (30.5%), Japan (24.6%), Taiwan (12.4%), and South Korea (10.7%). Launched on September 21, 2023, and listed on NYSE Arca under ticker ADVE (CUSIP 577-130-586), the ETF is managed by Matthews Asia, with portfolio managers Sean Taylor, Chief Investment Officer, and Sojung Park; it maintains assets under management of approximately $5.83 million as of December 16, 2025, a gross expense ratio of 0.79%, and benchmarks against the MSCI All Country Asia Pacific Index. Recent developments include a one-time NAV adjustment on September 8, 2025, due to Matthews Asia Funds' updated approach for estimating taxes payable to India, alongside quarterly distributions such as $0.69986 per share in December 2025 (1.8% of NAV) and strong year-to-date NAV performance of 24.30% as of December 15, 2025. The fund trades at a modest premium/discount to NAV, with a 30-day median bid/ask spread of 0.20%, serving investors targeting income and growth in dynamic Asian markets.