MEMX ETF — Matthews Emerging Markets Ex China Active ETF

Matthews Emerging Markets Ex China Active ETF (MEMX)

Updated November 6, 2026.

MEMX is an ETF. Its distribution rate is 0.71%, its trailing-12-month yield is 4.49%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 70.0% over the past 3.8 years, 24.3 points behind SPY at 94.3%.

Matthews Emerging Markets Ex China Active ETF is an actively managed fund that invests at least 80% of its assets in stocks of companies in emerging market countries, excluding China, though it may also hold developed-market and Chinese equities up to a 20% combined limit. The fund pays distributions annually and carries an expense ratio of 0.79%; note that its latest distribution was special and may not recur regularly. This fund appeals to equity investors seeking exposure to emerging markets outside of China.

MEMX performance versus SPY

As of Nov 5, 2026

Total return is 70.0% over the past 3.8 years, 24.3 points behind SPY at 94.3%. Over the past year its total return — price change plus distributions reinvested — is 14.4%. Its deepest 1-year drawdown was 22.0%.

MEMX key facts

Distribution Safety Score™

50 · Unproven

Issuer

Matthews Asia Funds

Asset type

ETF

Asset class

Equity

Inception date

01/10/2023

Expense ratio

0.79%

Distribution rate

0.71%

Distribution frequency

Annual

Trailing yield

4.49%

Last close

$40.72 (as of 2026-11-06)

AUM

$52,020,225

Average volume

7,148

Dividend

$1.827

Ex-dividend date

12/17/2025

Payment date

12/22/2025

Beta

1.2

How Dividend Vision calculates yield and returns

Distribution rate (0.71%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.49%) 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.

MEMX risks and drawbacks

MEMX'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 22.0%.

Who may consider MEMX — and who may not

It is a weaker fit for investors who need monthly cash flow (MEMX 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 MEMX

• All tickers starting with M

Tagged: Emerging Markets, International, Active.

Frequently asked questions

More securities from Matthews Asia Funds.