INDE ETF — Matthews India Active ETF

Matthews India Active ETF (INDE)

INDE is an ETF. its trailing-12-month yield is 1.78%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 21.4% over the past 3 years, 62.1 points behind SPY at 83.5%.

Matthews India Active ETF is an actively managed fund that invests at least 80% of its net assets in common stocks, preferred stocks, and convertible securities of companies located in India, with no requirement for diversification. The fund carries a modest current distribution rate and makes distributions annually, though its latest payout was special and may not recur on a regular basis. With an expense ratio of 0.79%, it appeals to investors seeking targeted exposure to Indian equities through active management.

INDE performance versus SPY

Price and return data through 2026-09-18.

Total return is 21.4% over the past 3 years, 62.1 points behind SPY at 83.5%. Over the past year its total return — price change plus distributions reinvested — is -1.2%. Its deepest 1-year drawdown was 19.1%.

INDE key facts

Distribution Safety Score™

50 · Unproven

Issuer

Matthews Asia Funds

Asset type

ETF

Asset class

Equity

Inception date

09/21/2023

Expense ratio

0.79%

Distribution frequency

Annual

Trailing yield

1.78%

Last close

$29.63 (as of 2026-09-18)

NAV

$29.03

Premium / discount

2.07% premium

AUM

$17,420,221

Average volume

4200.0

Last dividend

$0.527

Last ex-dividend date

12/17/2025 (as of 2025-12-17)

Last payment date

12/22/2025 (as of 2025-12-22)

Beta

0.6485

P/E ratio

29.8964

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.78%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Matthews Asia Funds; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

INDE risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 19.1%.

Who may consider INDE — and who may not

It is a weaker fit for investors who need monthly cash flow (INDE pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Matthews Asia Funds.