MEMS: MATTHEWS EMERGING MARKETS DISCOVERY ACTIVE ETF
What this ETF is trying to do
The Matthews Emerging Markets Discovery Active ETF (MEMS) is an active fund. This means managers make specific choices about which assets to hold. It focuses on emerging markets, which are economies in developing nations.
Based on its Top Holdings (updated October 7, 2026), the fund holds a variety of assets. Its largest holding is JP Morgan US Govt Capital 3164 at 8.06%. Other top holdings include companies like Cartrade Tech Ltd (3.01%), Hugel Inc (2.89%), and Aspeed Technology Inc (2.47%).
What the numbers show
As of October 6, 2026, the share price is $30.94.
There are two ways to look at the returns:
• Price Return: This measures only the change in the share price. The one-year price return is 14.70%, and the year-to-date (YTD) price return is 21.40%.
• Total Return: This reflects the overall return, including distributions. The one-year total return is 18.03%, and the YTD total return is 21.40%.
To put this in perspective, the estimated price from roughly one year ago was $26.97. If you had invested $10,000 based on that estimated price, the price-only growth (14.70%) would have increased that amount to approximately $11,470.
Income and distribution explanation
This ETF pays out cash to investors, known as distributions. It has a distribution yield of approximately 2.32%. Over the last 12 months, it has made one payout. The distribution frequency is described as irregular or less frequent.
It is important for beginners to remember that a high distribution yield alone can be misleading. Yield shows the cash paid out relative to the price, but it does not guarantee that the total value of the investment is growing.
NAV erosion explanation
"NAV erosion" happens when the net asset value of a fund drops over time, often meaning the fund is losing its core value.
For this ETF, the erosion-risk score is 100, and the severity is labeled as "good." The data states "No price erosion detected," and the severe erosion-risk flag is false. This means the fund's price trend has not triggered a warning for substantial value loss.
Pros
• Positive price returns and total returns over the last year and year-to-date.
• No severe erosion-risk flags detected.
• Provides a way to get exposure to various emerging market companies.
Cons
• Distributions are irregular and less frequent.
• The income rating grade is a "C," which is a mid-range score.
Beginner takeaway
MEMS is an active fund that invests in emerging markets. While it has shown positive price growth recently, its income payments are not regular. Investors generally care about principal stability—meaning they want their original investment to stay intact—and the current erosion score suggests the fund's price has remained stable.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | JP MORGAN US GOVT CAPITAL 3164 | n/a | 8.06% |
| 2 | CARTRADE TECH LTD | n/a | 3.01% |
| 3 | HUGEL INC | n/a | 2.89% |
| 4 | ASPEED TECHNOLOGY INC | n/a | 2.47% |
| 5 | LEGEND BIOTECH CORP ADR | LEGN | 2.33% |
| 6 | ELITE MATERIAL CO LTD | n/a | 2.30% |
| 7 | HD HYUNDAI | n/a | 2.30% |
| 8 | BANDHAN BANK LTD | n/a | 2.24% |
| 9 | ASTOR ENERJI AS | n/a | 2.20% |
| 10 | RADICO KHAITAN LTD | n/a | 2.16% |