MEMX ETF — Matthews Emerging Markets Ex China Active ETF

Matthews Emerging Markets Ex China Active ETF (MEMX)

MEMX is an ETF. its trailing-12-month yield is 3.81%, its expense ratio is 0.79%. Total return is 103.0% over the past 3.7 years, 1.1 points ahead of SPY at 101.9%.

Matthews Emerging Markets Ex China Active ETF is an actively managed equity fund that invests at least 80% of its assets in stocks of companies located in emerging markets, excluding China, with limited exposure to developed markets and Chinese companies. The fund offers a modest current distribution rate and distributes annually, with an expense ratio of 0.79%. It appeals to income investors seeking exposure to emerging market equities while maintaining a reduced China allocation.

MEMX performance versus SPY

Price and return data through 2026-09-18.

Total return is 103.0% over the past 3.7 years, 1.1 points ahead of SPY at 101.9%. Over the past year its total return — price change plus distributions reinvested — is 43.8%. Its deepest 1-year drawdown was 16.8%.

MEMX key facts

Issuer

Matthews Asia Funds

Asset type

ETF

Asset class

Equity

Inception date

01/10/2023

Expense ratio

0.79%

Distribution frequency

None

Trailing yield

3.81%

Last close

$47.96 (as of 2026-09-18)

NAV

$47.15

Premium / discount

1.72% premium

AUM

$55,637,584

Average volume

4100.0

Last ex-dividend date

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

Last payment date

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

Beta

1.22

P/E ratio

15.0993

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 (3.81%) 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.

MEMX risks and drawbacks

The deepest 1-year drawdown on record here is 16.8%.

Who may consider MEMX — and who may not

It is a weaker fit for investors who need monthly cash flow (MEMX does not currently distribute); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Matthews Asia Funds.