MCHS ETF — Matthews China Discovery Active ETF

Matthews China Discovery Active ETF (MCHS)

Updated October 16, 2026.

MCHS is an ETF. its distribution rate is 3.18%, its trailing-12-month yield is 3.18%, its expense ratio is 0.89%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 56.3% over the past 2.8 years, 9.1 points behind SPY at 65.4%.

Matthews China Discovery Active ETF is an actively managed fund that invests at least eighty percent of its assets in stocks of innovative Chinese companies across various sectors, selected by Matthews International Capital Management for their advances in products, services, technology, or market approaches. The fund carries a modest current distribution rate and an expense ratio of 0.89%, with no regular distribution schedule. It appeals to equity investors seeking exposure to growth-oriented Chinese companies identified through active management rather than index tracking.

MCHS performance versus SPY

Price and return data through 2026-10-16.

Total return is 56.3% over the past 2.8 years, 9.1 points behind SPY at 65.4%. Over the past year its total return — price change plus distributions reinvested — is 11.4%. Its deepest 1-year drawdown was 30.8%.

MCHS key facts

Distribution Safety Score™

50 · Unproven

Issuer

Matthews Asia Funds

Asset type

ETF

Asset class

Equity

Inception date

01/10/2024

Expense ratio

0.89%

Distribution rate

3.18%

Distribution frequency

Annual

Trailing yield

3.18%

Last close

$36.43 (as of 2026-10-16)

AUM

$18,652,689

Average volume

318.0

Dividend

$1.157

Ex-dividend date

12/17/2025

Payment date

12/22/2025

Beta

0.9851

How Dividend Vision calculates yield and returns

Distribution rate (3.18%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.18%) 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.

MCHS risks and drawbacks

MCHS's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. 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 30.8%.

Who may consider MCHS — and who may not

MCHS may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (MCHS 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.

More on MCHS

• All tickers starting with M

Tagged: International, Active.

Frequently asked questions

More securities from Matthews Asia Funds.