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INDE ETF — Matthews India Active ETF
Matthews India Active ETF (INDE)
Updated November 6, 2026.
Verdict as of November 6, 2026 close
INDE's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, medium confidence). The latest total cash payment per current share, $0.527 with an ex-date of December 17, 2025, was 213.7% higher than the previous $0.168. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Matthews Asia Funds, Section 19a-1 notices, scoring methodology.
INDE is an ETF. Its trailing-12-month yield is 1.72%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 23.5% over the past 3.1 years, 53.1 points behind SPY at 76.6%.
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 dividend yield and income
Price as of 2026-11-06.
Trailing-12-month yield (1.72%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.527. The ex-dividend date is 12/17/2025. The payment date is 12/22/2025.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2025-12-17 | $0.527 | 213.7% Total cash (unclassified) |
| 2024-12-18 | $0.168 | — |
| 2024 total | $0.168 | — |
| 2025 total | $0.527 | 213.7% |
INDE holdings and sector exposure
The top 10 holdings are 43.3% of the fund.
| Ticker | Name | Weight |
|---|---|---|
| ZOMATO | Zomato Limited | 9.94% |
| ICICIBANK | ICICI Bank Limited | 7.45% |
| HDFCBANK | HDFC Bank Limited | 6.19% |
| BHARTIARTL | Bharti Airtel Limited | 4.09% |
| NEULANDLAB | Neuland Laboratories Limited | 4.08% |
| AXISBANK | Axis Bank Limited | 3.02% |
| GPPL | Gujarat Pipavav Port Limited | 2.27% |
| RELIANCE | Reliance Industries Limited | 2.12% |
| STARHEALTH | Star Health and Allied Insurance Company Limited | 2.12% |
| SHRIRAMFIN | Shriram Finance Limited | 2.00% |
To see how this fund's sectors add up across your own holdings, use True Exposure.
INDE performance versus SPY
Total return is 23.5% over the past 3.1 years, 53.1 points behind SPY at 76.6%. Over the past year its total return — price change plus distributions reinvested — is -1.3%. Its deepest 1-year drawdown was 18.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 4.9% | — |
| 3M | 0.0% | — |
| 6M | 10.0% | — |
| YTD | 0.5% | — |
| 1Y | -1.3% | — |
| 2Y CAGR | — | 0.30% |
| 3Y CAGR | — | 7.40% |
| Since 2023-09-22 (first price on file) · 3.1 years | 23.5% | 7.00% |
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
- 1.72%
- Last close
- $30.66 (as of 2026-11-06)
- AUM
- $17,385,577
- Average volume
- 340
- Dividend
- $0.527
- Ex-dividend date
- 12/17/2025
- Payment date
- 12/22/2025
- Beta
- 0.62
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.72%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. 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.
Yield and safety methodology · 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 18.7%.
Who may consider INDE — and who may not
It is a weaker fit for investors who need monthly cash flow (INDE pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on INDE
Frequently asked questions
Does INDE pay monthly?
No. INDE currently pays annual, not monthly.
What is INDE's expense ratio?
INDE's expense ratio is 0.79%.
When does INDE pay a dividend?
INDE pays annual. The dividend amount is $0.527. The ex-dividend date is 12/17/2025. The payment date is 12/22/2025.
How has INDE performed?
Total return is 23.5% over the past 3.1 years, 53.1 points behind SPY at 76.6%. Over the past year its total return — price change plus distributions reinvested — is -1.3%. Its deepest 1-year drawdown was 18.7%.
Is INDE a good investment?
INDE's Dividend Vision Distribution Safety Score is 50 (Unproven). That is a risk signal, not investment advice. Compare peers below rather than treating any single figure as a buy or sell.
More securities from Matthews Asia Funds.
Tickers
INDE's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, medium confidence). The latest total cash payment per current share, $0.527 with an ex-date of December 17, 2025, was 213.7% higher than the previous $0.168. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Matthews Asia Funds, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
| Ticker | Name | Weight |
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