MINV: MATTHEWS ASIA INNOVATORS ACTIVE ETF
ETF Education Report: MATTHEWS ASIA INNOVATORS ACTIVE ETF (MINV)
What this ETF is trying to do
The MATTHEWS ASIA INNOVATORS ACTIVE ETF (ticker: MINV) is an exchange-traded fund that focuses on companies in Asia. It is an "active" ETF, which means managers are making decisions about what to buy and sell. Based on its top holdings, the fund has exposure to various technology and industrial companies, such as Samsung Electronics Co Ltd and SK Hynix Inc.
What the numbers show
When looking at an ETF, it is important to understand two different types of returns: price return and total return.
• Price Return: This measures only how much the share price has changed.
• Total Return: This includes both the change in share price *and* any cash distributions (dividends) paid out to investors.
For MINV, the numbers show growth over different time periods:
• Year-to-Date (YTD): The YTD price return is approximately 37.62%. The YTD total return is also approximately 37.62%.
• One Year: The one-year price return was approximately 30.37%, while the one-year total return was higher at approximately 32.44%.
• Three Years: The three-year price return was approximately 111.73%, and the three-year total return was approximately 117.76%.
To give you an idea of the price movement, the current price is $48.59. The estimated price from roughly one year ago was approximately $37.27.
Income and distribution explanation
Some investors look for "income," which is cash paid out by the ETF. This is called a distribution. MINV has a distribution yield of approximately 1.10%. The trailing distributions were $0.53 per share. It is important to remember that a distribution yield tells you how much cash was paid out relative to the price, but it is not the same thing as your total return. Distributions are paid irregularly, with one payout recorded in the last 12 months.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of an ETF's underlying assets decreases significantly over time. It is important to distinguish between a falling share price and NAV erosion. While a falling price means the market value is lower, it does not always mean the fund's actual value (NAV) is being destroyed.
For this ETF, the erosion-risk score is 100, and the label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Pros
• The ETF has shown positive price returns and total returns over the one-year and three-year periods.
• The erosion-risk measurements suggest no significant price erosion has been detected.
Cons
• The distribution frequency is "irregular," meaning you cannot rely on receiving cash at regular, predictable intervals.
• The top holdings list is partial, so you are not seeing every company held by the fund.
Beginner takeaway
MINV has experienced significant price and total growth over the last three years. While it does pay some cash distributions, they are not frequent. Always remember to look at both the price change and the total return to see how an investment has actually performed.
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 | 13.90% |
| 2 | n/a | n/a | 4.04% |
| 3 | SAMSUNG ELECTRONICS CO LTD | n/a | 3.87% |
| 4 | SAMSUNG ELECTRO-MECHANICS CO LTD | n/a | 3.60% |
| 5 | SK HYNIX INC | n/a | 3.30% |
| 6 | MTAR TECHNOLOGIES LTD | n/a | 2.77% |
| 7 | WNC CORP | n/a | 2.60% |
| 8 | MIDEA GROUP CO LTD CLASS A | n/a | 2.57% |
| 9 | UNIMICRON TECHNOLOGY CORP | n/a | 2.44% |
| 10 | NAURA TECHNOLOGY GROUP CO LTD CLASS A | n/a | 2.35% |