MCHS ETF — Holdings & Analysis
The Matthews China Discovery Active ETF (MCHS) is an actively managed fund with approximately $0.00B in assets under management.
Launched in January 2024 by Matthews Asia, MCHS focuses on small-cap companies located in China, differentiating itself through active stock selection within this specific market segment. With an expense ratio of 0.99%, MCHS offers investors targeted exposure to the growth potential of Chinese small-cap equities, though at a higher cost than passively managed broad market ETFs. Past performance does not guarantee future results.
Matthews China Discovery Active ETF MCHS (MCHS) ETF — Price, Holdings & Analysis
ETF Overview
Risk Metrics
Expense Ratio
What does MCHS hold?
How Is the Fund Allocated?
| Sector | Weight |
|---|---|
| Industrials | 28.7% |
| Technology | 25.3% |
| Consumer Cyclical | 13.6% |
| Basic Materials | 11.2% |
| Healthcare | 7.4% |
| Energy | 6.4% |
| Real Estate | 3.8% |
| Utilities | 1.6% |
| Communication Services | 1.4% |
| Consumer Defensive | 0.8% |
| Country | Weight |
|---|---|
| China | 54.8% |
| Hong Kong | 22.5% |
| Taiwan | 13.1% |
| United States | 4.2% |
| Other | 3.0% |
| Australia | 1.2% |
| Singapore | 1.2% |
Dividend Yield
- State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
- State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
- Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
- State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
- iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
- State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
- iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
- iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
- Matthews Japan Active ETF JPAN (JPAN) (Equity) — 0.79% expense ratio
Risk Metrics
- Beta: 0.00
Questions & Answers
What is MCHS and what does it track?
The Matthews China Discovery Active ETF (MCHS) is an actively managed fund that focuses on investing in small-cap companies located in China.
Launched by Matthews Asia, the fund aims to achieve capital appreciation by strategically selecting stocks within this specific market segment.
What is the expense ratio for MCHS?
The expense ratio for the Matthews China Discovery Active ETF (MCHS) is 0.99%. This means that for every $10,000 invested in the fund, $99 is used to cover the fund's operating expenses.
What are the top holdings in MCHS?
As of 2026-03-15, the top holdings in the Matthews China Discovery Active ETF (MCHS) are: Yantai Jereh Oilfield Services Group Co Ltd Class A (6.33%), Wasion Holdings Ltd (4.99%), ACM Research Inc Class A (4.64%), Atour Lifestyle Holdings Ltd ADR…
(4.50%), and Kingboard Laminates Holdings Ltd (4.44%).
Is MCHS a good long-term investment?
Whether MCHS is a suitable long-term investment depends on an individual investor's risk tolerance, investment goals, and time horizon.
MCHS offers exposure to the potential growth of Chinese small-cap companies, but it also carries risks associated with its non-diversified status, sector concentration, and exposure to the Chinese market.
How does MCHS compare to similar ETFs?
MCHS differentiates itself through its active management and focus on Chinese small-cap companies. Many China-focused ETFs are passively managed and track broad market indexes, while MCHS employs active stock selection.
The expense ratio of 0.99% is relatively high compared to passively managed China ETFs, but may be justified if the active management delivers superior returns.
Does MCHS pay dividends?
As of 2026-03-15, the Matthews China Discovery Active ETF (MCHS) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders.