Matthews China Discovery Active ETF MCHS
MCHS
NASDAQ Global Market- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- Four Embarcadero Center, Suite 550 San Francisco CA United States of America 94111
- IPO Date
- Jan 11, 2024
- Website
- matthewsasia.com
- Similar Companies
- Business
- Matthews China Discovery Active ETF (MCHS) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing at least 65% of its net assets in common and preferred stocks of small companies located in China, including its administrative districts such as Hong Kong; the remainder of the portfolio consists primarily of mid-capitalization companies and other investments that support the strategy, with at least 80% of net assets overall allocated to China-domiciled companies. The fund targets lesser-known small entrepreneurial companies in higher value-added growth sectors benefiting from innovation, capital efficiency, and China's dynamic economy driven by domestic consumer demand, including industries such as consumer discretionary, information technology, industrials, health care, communication services, materials, consumer staples, energy, real estate, utilities, and financials; top holdings as of recent data include NetEase Cloud Music Inc., Yantai Jereh Oilfield Services Group Co., Ltd., Hongfa Technology Co Ltd., ACM Research Inc., and Atour Lifestyle Holdings Ltd., with a portfolio of approximately 61-63 positions, a weighted average market cap of $5.1 billion, and an active share of 85.3% versus the MSCI China Small Cap Index benchmark. Sponsored and managed by Matthews Asia, an independent investment specialist founded in 1991 and headquartered in San Francisco, California, the ETF lists on the NASDAQ exchange with a net expense ratio of 0.89% (gross 0.99%), inception date of January 10, 2024, and net assets of approximately $2.8-$3.5 million as of late 2025; it serves institutional, advisor, and individual investors seeking targeted exposure to China's small- and mid-cap equity markets, including A shares, B shares, H shares, Red Chips, P Chips, and ADRs/GDRs traded across mainland China, Hong Kong, and other listings. In recent developments, Matthews Asia contractually agreed to waive 0.10% of management fees to cap total annual fund operating expenses through April 30, 2026, enhancing cost efficiency for investors; the firm also renamed its Matthews Asia Science and Technology Fund to the Matthews Asia Innovators Fund in late 2025 and made portfolio manager changes for related active ETFs, such as ceasing Inbok Song's role on the Innovators Active ETF, reflecting ongoing strategic refinements in its Asia-focused offerings amid a $6.9 billion assets under management base as of September 2025.