Summary
Matthews China Discovery Active ETF MCHS is an ETF - a fund traded on an exchange like a stock - run by Matthews Asia. Positions inside: 45. The ten largest make up 46% of the fund.
- Yearly costs
- 0.99%
- Fund size
- $13.4M
- Positions
- 45
- Dividend yield
- 3.44%
- Running since
- 2024
What speaks for it
Nothing stands out in its favour.
What to watch
- Costs of 0.99% a year are above the middle of comparable funds (0.43%).
- In the last five years its price once dropped by 37% from its high.
- A young fund: it has been running only since 2024.
- A small fund with $13.4M under management; small funds get closed more often.
- It trades little: only about $277.2K 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
- -14%
- 3 months
- -16%
- This year
- +3.8%
- 1 year
- -1.1%
- Avg. market cap
- $55.6B
- P/E
- 18.0x
- Forward P/E
- 15.7x
- P/S
- 2.2x
- P/B
- 3.4x
- P/FCF
- 17.3x
- EV/EBITDA
- 12.3x
- Dividend yield
- 1.21%
- ROIC
- 13.6%
- ROE
- 20.5%
- Gross margin
- 43.8%
- Operating margin
- 18.2%
- Net margin
- 15.9%
- Payout ratio
- 21.8%
- Net debt/EBITDA
- -0.6x
- Beta
- 0.96
Weighted average of the 40 largest companies, which make up 84% 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 CASH AND OTHERS 10%
- 2 13SITC International Holdings Company Limited 1308.HK 6.4%
- 3 99NetEase, Inc. 9999.HK 5.2%
- 4 00Midea Group Co., Ltd. 000333.SZ 4.0%
- 5 ATAtour Lifestyle ATAT 3.7%
- 6 69Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. 6990.HK 3.7%
- 7 60Neway Valve (Suzhou) Co., Ltd. 603699.SS 3.5%
- 8 37Contemporary Amperex Technology Co., Limited 3750.HK 3.2%
- 9 LKLuckin Coffee Inc. LKNCY 3.0%
- 10 04Minth Group Limited 0425.HK 3.0%
Positions in the fund: 45. The ten largest make up 46% of it.
Composition as of Oct 31, 2026.
Where is it spread?
Spread outBy sector
- Industrials 35%
- Technology 30%
- Consumer cyclical 17%
- Healthcare 9.4%
- Communication services 8.1%
- Other 1.1%
By country
- China 71%
- Taiwan 12%
- United States 9.2%
- Hong Kong SAR China 7.1%
By company size
- Mega cap 5.6%
- Large cap 58%
- Mid cap 31%
- Small cap 6.0%
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 84% of the fund.
Largest sector: Industrials (35%). Largest country: China (71%). Largest size group: Large cap (58%).
What does it cost me?
Expensive- A year from $10,000
- $99.00
- Over 20 years
- $4,580
From every $10,000 invested the fund takes $99.00 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 $4,580.
How has it done?
Losing value- Over the last year
- -1.1%
- Deepest drop
- -37%
- Yearly volatility
- 30%
Decline over the last year: 1.1%. Deepest drop in these years: 37% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 3.44%
- Last payment
- $1.16
Over the last 12 months it paid $1.16 per share, which is 3.44% of today's price. The last payment was $1.16 on Dec 17, 2025.
Is it easy to buy and sell?
It trades little- Traded a day
- $277.2K
- Shares a day
- 8.2K
On an average day about $277.2K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 18.0
- Average Bulios Score
- 69 out of 100
Weight by Bulios Fair Price
- Undervalued 37%
- Fairly valued 19%
- Overvalued 43%
On average the companies inside trade for 18.0 times their yearly profit. By Fair Price, 43% of the rated weight comes out as overvalued.
Counted from its largest companies (40), which make up 84% 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 | ||
|---|---|---|---|---|---|---|
MI MINV Matthews Asia Innovators Active ETF | United States | 0.79% | $110.0M | +14% | Pays out | 41% |