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Management Fees |
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Other
Expenses
1
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Total Annual Fund
Operating Expenses |
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(1) |
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One year:
|
Three years:
|
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MATTHEWS EMERGING MARKETS SUSTAINABLE FUTURE ACTIVE ETF |
|
1 |
|
2 |
matthewsasia.com 800.789.ASIA |
MATTHEWS EMERGING MARKETS SUSTAINABLE FUTURE ACTIVE ETF |
|
3 |
|
T |
Authorized Participants,
Market Makers, and Liquidity Providers Limitation Risk: |
(“AP”)
may engage in creation or redemption transactions directly with the Fund.
The Fund has a limited number of financial institutions that may act as
APs, and none of these APs are or will be obligated to engage in creation
or redemption transactions. In addition, there may be a limited number of
market makers and/or liquidity providers in the marketplace with respect
to the Fund’s shares. To the extent either of the following events occur,
shares of the Fund may trade at a material discount to NAV and possibly
face trading halts and/or delisting (that is, investors would no longer be
able to trade the Fund’s shares in the secondary market): (i) APs exit the
business or otherwise become unable to process creation and/or redemption
orders (including in situations where APs have limited or diminished
access to capital required to post collateral), and no other APs step
forward to perform these services, or (ii) market makers and/or
liquidity providers exit the business or significantly reduce their
business activities and no other entities step forward to perform their
functions. |
T |
Cash Redemption
Risk: in-kind. As
a result, the Fund may pay out higher annual capital gain distributions
than if the
in-kind redemption
process was used. Cash redemptions may also entail higher transaction
costs than
in-kind redemptions,
which costs may be passed on to redeemers of creation units of Fund shares
in the form of redemption transaction fees. The cost of cash redemptions
could also reduce the Fund’s NAV to the extent that those costs are not
fully offset by the redemption transaction fee charged to the redeeming
Authorized Participant. |
T |
Costs of Buying or Selling
Shares: |
T |
Large Shareholder
Risk: |
4 |
matthewsasia.com 800.789.ASIA |
were
to redeem all, or a large portion, of its shares, the Fund may be forced
to selling securities when it otherwise would not have done so,
accelerating the realization of capital gains, and increasing transaction
costs. In addition, transactions by large shareholders may account for a
large percentage of the trading volume on a national securities exchange
causing reduced liquidity or have a material effect on the market price of
the shares of the Fund. |
T |
Shares May Trade at Prices
Other Than NAV: intra-day value
of the Fund’s holdings (premium) or less than the
intra-day value
of the Fund’s holdings (discount) due to supply and demand of the Fund’s
shares, during periods of market volatility or for other reasons. This
risk is heightened in times of market volatility and volatility in the
Fund’s portfolio holdings, periods of steep market declines, and periods
when there is limited trading activity for Fund shares in the secondary
market, in which case such premiums or discounts may be significant. If an
investor purchases shares of the Fund at a time when the market price is
at a premium to the NAV of the shares or sells at a time when the market
price is at a discount to the NAV of the shares, then the investor may
sustain losses that are in addition to any losses caused by a decrease in
NAV. Given the nature of the relevant markets for certain of the
securities for the Fund, shares may trade at a larger premium or discount
to NAV than shares of other kinds of ETFs. In addition, the securities
held by the Fund may be traded in markets that close at a different time
than the exchange on which the shares are listed. Liquidity in those
securities may be reduced after the applicable closing times. Accordingly,
during the time when the exchange is open but after the applicable market
closing, fixing or settlement times, bid/ask spreads and the resulting
premium or discount to the NAV of Fund shares may widen.
|
T |
Trading:
|
MATTHEWS EMERGING MARKETS SUSTAINABLE FUTURE ACTIVE ETF |
|
5 |
|
– |
Financial Sector
Risk: |
– |
Industrial Sector
Risk: |
6 |
matthewsasia.com 800.789.ASIA |
Management Fees | ||||
Other
Expenses
1
|
||||
Total Annual Fund
Operating Expenses |
|
|
|
(1) |
|
|
One year:
|
Three years:
|
|
MATTHEWS PACIFIC TIGER
ACTIVE ETF |
|
7 |
|
8 |
matthewsasia.com 800.789.ASIA |
T |
Authorized Participants,
Market Makers, and Liquidity Providers Limitation Risk: |
directly
with the Fund. The Fund has a limited number of financial institutions
that may act as APs, and none of these APs are or will be obligated to
engage in creation or redemption transactions. In addition, there may be a
limited number of market makers and/or liquidity providers in the
marketplace with respect to the Fund’s shares. To the extent either of the
following events occur, shares of the Fund may trade at a material
discount to NAV and possibly face trading halts and/or delisting (that is,
investors would no longer be able to trade the Fund’s shares in the
secondary market): (i) APs exit the business or otherwise become unable to
process creation and/or redemption orders (including in situations where
Aps have limited or diminished access to capital required to post
collateral), and no other APs step forward to perform these services, or
(ii) market makers and/or liquidity providers exit the business or
significantly reduce their business activities and no other entities step
forward to perform their functions.
|
T |
Cash Redemption
Risk: in-kind. As
a result, the Fund may pay out higher annual capital gain distributions
than if the
in-kind redemption
process was used. Cash redemptions may also entail higher transaction
costs than
in-kind redemptions,
which costs may be passed on to redeemers of creation units of Fund shares
in the form of redemption transaction fees. The cost of cash redemptions
could also reduce the Fund’s NAV to the extent that those costs are not
fully offset by the redemption transaction fee charged to the redeeming
Authorized Participant. |
T |
Costs of Buying or Selling
Shares: |
T |
Large Shareholder
Risk: |
MATTHEWS PACIFIC TIGER
ACTIVE ETF |
|
9 |
|
may
be forced to selling securities when it otherwise would not have done so,
accelerating the realization of capital gains, and increasing transaction
costs. In addition, transactions by large shareholders may account for a
large percentage of the trading volume on a national securities exchange
causing reduced liquidity or have a material effect on the market price of
the shares of the Fund. |
T |
Shares May Trade at Prices
Other Than NAV: intra-day value
of the Fund’s holdings (premium) or less than the
intra-day value
of the Fund’s holdings (discount) due to supply and demand of the Fund’s
shares during periods of market volatility or for other reasons. This risk
is heightened in times of market volatility and volatility in the Fund’s
portfolio holdings, periods of steep market declines, and periods when
there is limited trading activity for Fund shares in the secondary market,
in which case such premiums or discounts may be significant. If an
investor purchases shares of the Fund at a time when the market price is
at a premium to the NAV of the shares or sells at a time when the market
price is at a discount to the NAV of the shares, then the investor may
sustain losses that are in addition to any losses caused by a decrease in
NAV. Given the nature of the relevant markets for certain of the
securities for the Fund, shares may trade at a larger premium or discount
to NAV than shares of other kinds of ETFs. In addition, the securities
held by the Fund may be traded in markets that close at a different time
than the exchange on which the shares are listed. Liquidity in those
securities may be reduced after the applicable closing times. Accordingly,
during the time when the exchange is open but after the applicable market
closing, fixing or settlement times, bid/ask spreads and the resulting
premium or discount to the NAV of Fund shares may widen.
|
T |
Trading: |
10 |
matthewsasia.com 800.789.ASIA |
– |
|
Consumer Discretionary
Sector Risk: |
– |
|
Information Technology
Sector Risk: |
MATTHEWS PACIFIC TIGER
ACTIVE ETF |
|
11 |
|
Management Fees | ||||
Other
Expenses
1 |
||||
Total Annual Fund
Operating Expenses |
|
|
|
(1) |
|
|
One year:
|
Three years:
|
|
12 |
matthewsasia.com 800.789.ASIA |
MATTHEWS INDIA ACTIVE
ETF |
|
13 |
|
T |
Authorized Participants,
Market Makers, and Liquidity Providers Limitation Risk: |
ished
access to capital required
to post collateral), and no other APs
step forward to
perform these services, or
(ii) market makers and/or liquidity providers exit the business or
significantly reduce their business activities and no other entities step
forward to perform their functions.
|
T |
Cash Redemption Risk:
in-kind. As
a result, the Fund may pay out higher annual capital gain distributions
than if the
in-kind redemption
process was used. Cash redemptions may also entail higher transaction
costs than
in-kind redemptions,
which costs may be passed on to redeemers of creation units of Fund shares
in the form of redemption transaction fees. The cost of cash redemptions
could also reduce the Fund’s NAV to the extent that those costs are not
fully offset by the redemption transaction fee charged to the redeeming
Authorized Participant. |
T |
Costs of Buying or Selling
Shares: |
T |
Large Shareholder
Risk: |
T |
Shares May Trade at Prices
Other Than NAV: |
14 |
matthewsasia.com 800.789.ASIA |
more
than the
intra-day value
of the Fund’s holdings (premium) or less than the
intra-day value
of the Fund’s holdings (discount) due to supply and demand of the Fund’s
shares, during periods of market volatility or for other reasons.
This risk
is heightened in times of market volatility and volatility in the Fund’s
portfolio holdings, periods of steep market declines, and periods when
there is limited trading activity for Fund shares in the secondary market,
in which case such premiums or discounts may be significant. If an
investor purchases shares of the Fund at a time when the market price is
at a premium to the NAV of the shares or sells at a time when the market
price is at a discount to the NAV of the shares, then the investor may
sustain losses that are in addition to any losses caused by a decrease in
NAV. Given the nature of the relevant markets for certain of the
securities for the Fund, shares may trade at a larger premium or discount
to NAV than shares of other kinds of ETFs. In addition, the securities
held by the Fund may be traded in markets that close at a different time
than the exchange on which the shares are listed. Liquidity in those
securities may be reduced after the applicable closing times. Accordingly,
during the time when the exchange is open but after the applicable market
closing, fixing or settlement times, bid/ask spreads and the resulting
premium or discount to the NAV of Fund shares may widen.
|
T |
Trading:
|
– |
Financial Sector
Risk: |
MATTHEWS INDIA ACTIVE
ETF |
|
15 |
|
Management Fees | ||||
Other
Expenses
1 |
||||
Total Annual Fund
Operating Expenses |
|
|
|
(1) |
|
|
One year:
|
Three years:
|
|
16 |
matthewsasia.com 800.789.ASIA |
MATTHEWS JAPAN ACTIVE
ETF |
|
17 |
|
T |
Authorized Participants,
Market Makers, and Liquidity Providers Limitation Risk: |
(ii) market
makers and/or liquidity providers exit the business or significantly
reduce their business activities and no other entities step forward to
perform their functions.
|
T |
Cash Redemption Risk:
Unlike m any ETFs, the Fund’s investment
strategy may require it to redeem shares of the Fund for cash or to
otherwise include cash as part of its redemption proceeds. The Fund may be
required to sell or unwind portfolio investments to obtain the cash needed
to distribute redemption proceeds. This may cause the Fund to recognize a
capital gain that it might not have recognized if it had made a redemption
in-kind. As a
result, the Fund may pay out higher annual capital gain distributions than
if the
in-kind redemption
process was used. Cash redemptions may also entail higher transaction
costs than
in-kind redemptions,
which costs may be passed on to redeemers of creation units of Fund shares
in the form of redemption transaction fees. The cost of cash redemptions
could also reduce the Fund’s NAV to the extent that those costs are not
fully offset by the redemption transaction fee charged to the redeeming
Authorized Participant. |
T |
Costs of Buying or Selling
Shares: |
T |
Large Shareholder
Risk: |
T |
Shares May Trade at Prices
Other Than NAV: As with all ETFs, shares of the Fund may be bought
and sold in the secondary market at market prices. Although the
creation/redemption feature is designed to help the market price of Fund
shares approximate the Fund’s NAV, market prices are not expected to
correlate exactly to the Fund’s NAV and there may be times when the market
price of Fund shares is more than the
intra-day value of
the
Fund’s holdings
|
18 |
matthewsasia.com 800.789.ASIA |
(premium)
or less than the
intra-day value of
the Fund’s holdings (discount) due to supply and demand of the Fund’s
shares, during periods of market volatility or for other reasons. This
risk is heightened in times of market volatility and volatility in the
Fund’s portfolio holdings, periods of steep market declines, and periods
when there is limited trading activity for Fund shares in the secondary
market, in which case such premiums or discounts may be significant. If an
investor purchases shares of the Fund at a time when the market price is
at a premium to the NAV of the shares or sells at a time when the market
price is at a discount to the NAV of the shares, then the investor may
sustain losses that are in addition to any losses caused by a decrease in
NAV. Given the nature of the relevant markets for certain of the
securities for the Fund, shares may trade at a larger premium or discount
to NAV than shares of other kinds of ETFs. In addition, the securities
held by the Fund may be traded in markets that close at a different time
than the exchange on which the shares are listed. Liquidity in those
securities may be reduced after the applicable closing times. Accordingly,
during the time when the exchange is open but after the applicable market
closing, fixing or settlement times, bid/ask spreads and the
resulting premium or discount to the
NAV of Fund shares may widen. |
T |
Trading:
|
– |
Industrial Sector
Risk: |
MATTHEWS JAPAN ACTIVE
ETF |
|
19 |
|
20 |
matthewsasia.com 800.789.ASIA |
Management Fees | ||||
Other
Expenses
1 |
||||
Total Annual Fund
Operating Expenses |
|
|
|
(1) |
|
|
One year:
|
Three years:
|
|
MATTHEWS ASIA DIVIDEND
ACTIVE ETF |
|
21 |
|
22 |
matthewsasia.com 800.789.ASIA |
T |
Authorized Participants,
Market Makers, and Liquidity Providers Limitation Risk: |
T |
Cash Redemption
Risk: |
redemption
proceeds. The Fund may be required to sell or unwind portfolio investments
to obtain the cash needed to distribute redemption proceeds. This may
cause the Fund to recognize a capital gain that it might not have
recognized if it had made a redemption
in-kind. As a
result, the Fund may pay out higher annual capital gain distributions than
if the
in-kind redemption
process was used. Cash redemptions may also entail higher transaction
costs than
in-kind redemptions,
which costs may be passed on to redeemers of creation units of Fund shares
in the form of redemption transaction fees. The cost of cash redemptions
could also reduce the Fund’s NAV to the extent that those costs are not
fully offset by the redemption transaction fee charged to the redeeming
Authorized Participant. |
T |
Costs of Buying or Selling
Shares: |
T |
Large Shareholder
Risk: |
T |
Shares May Trade at Prices
Other Than NAV: intra-day value of
the Fund’s holdings (premium) or less than the
intra-day value of
the Fund’s holdings (discount) due to supply and demand of the Fund’s
shares during periods of market volatility or for other reasons. This risk
is heightened in times of market volatility and volatility in the Fund’s
portfolio holdings, periods of steep market declines, and periods when
there is limited trading activity for Fund shares in the secondary
|
MATTHEWS ASIA DIVIDEND
ACTIVE ETF |
|
23 |
|
market,
in which case such premiums or discounts may be significant. If an
investor purchases shares of the Fund at a time when the market price is
at a premium to the NAV of the shares or sells at a time when the market
price is at a discount to the NAV of the shares, then the investor may
sustain losses that are in addition to any losses caused by a decrease in
NAV. Given the nature of the relevant markets for certain of the
securities for the Fund, shares may trade at a larger premium or discount
to NAV than shares of other kinds of ETFs. In addition, the securities
held by the Fund may be traded in markets that close at a different time
than the exchange on which the shares are listed. Liquidity in those
securities may be reduced after the applicable closing times. Accordingly,
during the time when the exchange is open but after the applicable market
closing, fixing or settlement times, bid/ask spreads and the resulting
premium or discount to the NAV of Fund shares may widen.
|
T |
Trading: |
– |
Consumer Discretionary
Sector Risk: |
24 |
matthewsasia.com 800.789.ASIA |
MATTHEWS ASIA DIVIDEND
ACTIVE ETF |
|
25 |
|
26 |
matthewsasia.com 800.789.ASIA |
FINANCIAL
HIGHLIGHTS |
|
27 |
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GLOBAL EMERGING MARKETS
STRATEGY |
||
Matthews Emerging Markets
Sustainable Future Active ETF |
Long-term capital appreciation | |
ASIA GROWTH
STRATEGIES |
||
Matthews Pacific Tiger
Active ETF |
Long-term capital appreciation | |
Matthews China Active
ETF |
Long-term capital appreciation | |
Matthews India Active
ETF |
Long-term capital appreciation | |
Matthews Japan Active
ETF |
Long-term capital appreciation | |
ASIA GROWTH AND INCOME
STRATEGY |
||
Matthews Asia Dividend
Active ETF |
Total return with an emphasis on providing current income |
28 |
matthewsasia.com 800.789.ASIA |
T |
Matthews believes that the countries in which the Funds invest will continue to benefit from economic development over longer investment horizons. |
T |
Matthews seeks to invest in those companies that it believes will benefit from the long-term economic evolution of Asian and Emerging Markets, and that will help each Fund achieve its investment objective. |
T |
Matthews generally does not hedge currency risks. |
T |
Matthews constructs portfolios with long investment horizons—typically five years or longer. |
T |
Matthews uses an active approach to investment management (rather than relying on passive or index strategies) because it believes that the current composition of the stock markets and indices may not be the best guide to the most successful industries and companies of the future. |
T |
Matthews invests in individual companies based on fundamental analysis that aims to develop an understanding of a company’s long-term business prospects. |
T |
Matthews monitors the composition of benchmark indices but is not constrained by their composition or weightings, and constructs portfolios independently of indices. |
T |
Matthews believes that investors benefit in the long term when the Funds are fully invested, subject to market conditions and a Fund’s particular investment objective. |
T |
Matthews believes that fundamental investing is based on identifying, analyzing and understanding basic information about a company or security. These factors may include matters such as balance sheet information; number of employees; size and stability of cash flow; management’s depth, adaptability and integrity; product lines; marketing strategies; corporate governance; and financial health. |
MATTHEWS’ INVESTMENT
APPROACH |
|
29 |
|
T |
Matthews
may also consider factors such as: |
– |
Management: |
– |
Evolution of
Industry: |
T |
Following
this fundamental analysis, Matthews seeks to invest in companies and
securities that it believes are positioned to help a Fund achieve its
investment objective. |
T |
Matthews
develops views about the course of growth in a region over the long term.
|
T |
Matthews
then seeks to combine these beliefs with its analysis of individual
companies and their fundamental characteristics.
|
T |
Matthews
then seeks to invest in companies and securities that it believes are
positioned to help a Fund achieve its investment objective.
|
T |
Each
of the Funds may invest in companies of any equity market capitalization
(the number of shares outstanding times the market price per share). A
company’s size (including its market capitalization) is not a primary
consideration for Matthews when it decides whether to include that
company’s securities in one or more of the Funds.
|
30 |
matthewsasia.com 800.789.ASIA |
RISKS OF INVESTING IN THE
FUNDS |
|
31 |
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matthewsasia.com 800.789.ASIA |
RISKS OF INVESTING IN THE
FUNDS |
|
33 |
|
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matthewsasia.com 800.789.ASIA |
RISKS OF INVESTING IN THE
FUNDS |
|
35 |
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matthewsasia.com 800.789.ASIA |
RISKS OF INVESTING IN THE
FUNDS |
|
37 |
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matthewsasia.com 800.789.ASIA |
RISKS OF INVESTING IN THE
FUNDS |
|
39 |
|
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matthewsasia.com 800.789.ASIA |
RISKS OF INVESTING IN THE
FUNDS |
|
41 |
|
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matthewsasia.com 800.789.ASIA |
RISKS OF INVESTING IN THE
FUNDS |
|
43 |
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matthewsasia.com 800.789.ASIA |
RISKS OF INVESTING IN THE
FUNDS |
|
45 |
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matthewsasia.com 800.789.ASIA |
MANAGEMENT OF THE
FUNDS |
|
47 |
|
ROBERT HORROCKS,
PhD |
| |
Robert
Horrocks is Chief Investment Officer and a Portfolio Manager at Matthews
and has been a Matthews Asia Funds Trustee since 2018. He manages the
firm’s Asian Growth and Income, Asia Dividend and Asia ex Japan Dividend
Strategies. As Chief Investment Officer, Robert oversees the firm’s
investment process and investment professionals and sets the research
agenda for the investment team. Before joining Matthews in 2008, Robert
was Head of Research at Mirae Asset Management in Hong Kong. From 2003 to
2006, Robert served as Chief Investment Officer for Everbright Pramerica
in China, establishing its quantitative investment process. He started his
career as a Research Analyst with WI Carr Securities in Hong Kong before
moving on to spend eight years working in several different Asian
jurisdictions for Schroders, including stints as Country General Manager
in Taiwan, Deputy Chief Investment Officer in Korea and Designated Chief
Investment Officer in Shanghai. Robert earned his PhD in Chinese Economic
History from Leeds University in the United Kingdom and is fluent in
Mandarin. Robert has been a Portfolio Manager of the Matthews Asian Growth
and Income Fund since 2009, of the Matthews Asia Dividend Fund since 2013
and of the Matthews Asia Dividend Active ETF since its inception in
2023. |
Lead
Manager Matthews
Asian Growth and Income Fund Matthews
Asia Dividend Fund Matthews
Asia Dividend Active ETF | |
SIDDHARTH
BHARGAVA |
| |
Siddharth
Bhargava is a Portfolio Manager at Matthews and co-manages the firm’s
Asian Growth and Income and Asia Dividend Strategies. Prior to joining the
firm in 2011, he was an Investment Analyst at Navigator Capital. Siddharth
also served as a credit and debt market research assistant to
Dr. Edward Altman at the New York University Salomon Center.
From 2005 to 2008, he was a Credit Analyst at Sandell Asset Management.
Siddharth received a B.A. in Economics from the University of Virginia and
an MBA from the Stern School of Business at New York University. He is
fluent in Hindi and conversational in German. Siddharth has been a
Portfolio Manager of the Matthews Asian Growth and Income Fund since 2021,
of the Matthews Asia Dividend Fund since 2022 and of the Matthews Asia
Dividend Active ETF since its inception in 2023. |
Co-Manager Matthews
Asian Growth and Income Fund Matthews
Asia Dividend Fund Matthews
Asia Dividend Active ETF | |
WINNIE
CHWANG |
| |
Winnie
Chwang is a Portfolio Manager at Matthews and manages the firm’s China
Small Companies and China Dividend Strategies and
co-manages the
firm’s China, Pacific Tiger and Asia Dividend Strategies. She joined the
firm in 2004 and has built her investment career at the firm. Winnie
earned an M.B.A. from the Haas School of Business and received her B.A. in
Economics with a minor in Business Administration from the University of
California, Berkeley. She is fluent in Mandarin and conversational in
Cantonese. Winnie has been a Portfolio Manager of the Matthews China Fund
since 2014, of the Matthews China Small Companies Fund since 2020, of the
Matthews Pacific Tiger Fund since 2021, of the Matthews China Active ETF
since its inception in 2022, of the Matthews Asia Dividend Fund and China
Dividend Fund since 2022, and of the Matthews Pacific Tiger Active ETF and
Matthews Asia Dividend Active ETF since their inception in 2023. |
Lead
Manager Matthews
China Small Companies Fund Matthews
China Dividend Fund Co-Manager Matthews
Pacific Tiger Fund Matthews China Fund Matthews
Asia Dividend Fund Matthews
Pacific Tiger Active ETF Matthews
China Active ETF Matthews
Asia Dividend Active ETF |
48 |
matthewsasia.com 800.789.ASIA |
DONGHOON
HAN |
| |
Donghoon
Han is a Portfolio Manager at Matthews and
co-manages the
firm’s Japan Strategy. Prior to joining the firm in 2020, Donghoon was
Vice President and portfolio manager at Goldman Sachs Asset Management in
Tokyo, responsible for investments in technology, automotive and
transportation sectors in Japan. From 2014 to 2016, he worked as a Senior
Associate at Citadel Global Equities covering technology and industrial
sectors in Japan. From 2010 to 2014, he also worked as a Senior Associate
at Dodge & Cox covering global technology sector with a focus on
semiconductors and electronic components. Donghoon is fluent in Japanese
and Korean. He received his B.A. in International Liberal Arts from Waseda
University in Tokyo. Donghoon is a Chartered Member of the Securities
Analysts Association of Japan. Donghoon has been a Portfolio Manager of
the Matthews Japan Fund since 2023 and of the Matthews Japan Active ETF
since its inception in 2023. |
Co-Manager Matthews
Japan Fund Matthews
Japan Active ETF | |
TAIZO
ISHIDA |
| |
Taizo
Ishida is a Portfolio Manager at Matthews and manages the firm’s Asia
Growth and Japan Strategies and
co-manages the
firm’s Asia Innovators Strategy. Prior to joining Matthews in 2006, Taizo
spent six years on the global and international teams at Wellington
Management Company as a Vice President and Portfolio Manager. From 1997 to
2000, he was a Senior Securities Analyst and a member of the international
investment team at USAA Investment Management Company. From 1990 to 1997,
he was a Principal and Senior Research Analyst at Sanford
Bernstein & Co. Prior to beginning his investment career at
Yamaichi International (America), Inc. as a Research Analyst, he spent two
years in Dhaka, Bangladesh as a Program Officer with the United Nations
Development Program. Taizo received a B.A. in Social Science from
International Christian University in Tokyo and an M.A. in International
Relations from The City College of New York. He is fluent in Japanese.
Taizo has been a Portfolio Manager of the Matthews Asia Growth Fund since
2007, of the Matthews Japan Fund since 2006, and of the Matthews Asia
Innovators Active ETF, of the Matthews Asia Innovators Fund since 2022 and
of the Matthews Japan Active ETF since its inception in 2023. |
Lead
Manager Matthews
Asia Growth Fund Matthews
Japan Fund Matthews
Japan Active ETF Co-Manager Matthews
Asia Innovators Fund Matthews
Asia Innovators Active ETF | |
ELLI
LEE |
| |
Elli
Lee is a Portfolio Manager at Matthews and manages the firm’s Korea
Strategy and
co-manages the
firm’s Asia Dividend, China Dividend, and Asian Growth and Income
Strategies. Prior to joining the firm in 2016, Elli worked at Bank of
America Merrill Lynch for 10 years, most recently in Korean Equity Sales
and previously as an Equity Research Analyst covering South Korea’s
engineering, construction, steel and education sectors. From 2003 to 2005,
Elli was an Investor Relations Specialist at Hana Financial Group in
Seoul. She earned a Master of Science in Global Finance from the Hong Kong
University of Science and Technology Business School and New York
University Stern School of Business, and received a B.A. in Economics from
Bates College. Elli is fluent in Korean. Elli has been a Portfolio Manager
of the Matthews Korea Fund since 2019, of the Matthews Asia Dividend Fund
and Matthews China Dividend Fund since 2022, of the Matthews Asian Growth
and Income Fund since 2023, of the Matthews Korea Active ETF since its
inception in 2023, and of the Matthews Asia Dividend Active ETF since its
inception in 2023. |
Lead
Manager Matthews
Korea Fund Matthews
Korea Active ETF Co-Manager Matthews
Asia Dividend Fund Matthews
China Dividend Fund Matthews
Asian Growth and Income Fund Matthews
Asia Dividend Active ETF | |
KENNETH LOWE,
CFA |
| |
Kenneth
Lowe is a Portfolio Manager at Matthews and manages the firm’s Asian
Growth and Income and Asia Dividend Strategies. Prior to joining Matthews
in 2010, he was an Investment Manager on the Asia and Global Emerging
Market Equities Team at Martin Currie Investment Management in Edinburgh,
Scotland. Kenneth received an M.A. in Mathematics and Economics from the
University of Glasgow. Kenneth has been a Portfolio Manager of the
Matthews Asian Growth and Income Fund since 2011, of the Matthews
Asia Dividend Fund since 2022 and of the Matthews Asia Dividend Active ETF
since its inception in 2023. |
Lead
Manager Matthews
Asian Growth and Income Fund Matthews
Asia Dividend Fund Matthews
Asia Dividend Active ETF |
MANAGEMENT OF THE
FUNDS |
|
49 |
|
ANDREW MATTOCK,
CFA |
| |
Andrew
Mattock is a Portfolio Manager at Matthews and manages the firm’s China
and China Small Companies Strategies and
co-manages the
firm’s Pacific Tiger, China Dividend, and Emerging Markets Equity
Strategies. Prior to joining the firm in 2015, he was a Fund Manager at
Henderson Global Investors for 15 years, first in London and then in
Singapore, managing Asia Pacific equities. Andrew holds a Bachelor of
Business majoring in Accounting from ACU. He began his career at
PricewaterhouseCoopers and qualified as a Chartered Accountant. Andrew has
been a Portfolio Manager of the Matthews China Fund since 2015, of the
Matthews China Small Companies Fund since 2020, of the Matthews Pacific
Tiger Fund and Matthews China Dividend Fund since 2022, of the Matthews
China Active ETF since its inception in 2022, of the Matthews Emerging
Markets Equity Fund and Matthews Emerging Markets Equity Active ETF since
2023 and of the Matthews Pacific Tiger Active ETF since its inception in
2023. |
Lead
Manager Matthews
China Fund Matthews
China Small Companies Fund Matthews
China Active ETF Co-Manager Matthews
Pacific Tiger Fund Matthews
China Dividend Fund Matthews
Emerging Markets Equity Fund Matthews
Emerging Markets Equity Active ETF Matthews
Pacific Tiger Active ETF | |
PEEYUSH MITTAL,
CFA |
| |
Peeyush
Mittal is a Portfolio Manager at Matthews and manages the firm’s India
Strategy and
co-manages the
firm’s Emerging Markets Equity, Emerging Markets ex China, and Asia Growth
Strategies. Prior to joining the firm in 2015, he spent over three years
at Franklin Templeton Asset Management India, most recently as a Senior
Research Analyst. Previously, he was with Deutsche Asset & Wealth
Management New York, from 2009 to 2011, researching U.S. and European
stocks in the industrials and materials sectors. Peeyush began his career
in 2003 with Scot Forge as an Industrial Engineer, and was responsible for
implementing Lean Manufacturing systems on the production shop floor.
Peeyush earned his M.B.A from The University of Chicago Booth School of
Business. He received a Master of Science in Industrial Engineering from
The Ohio State University and received a Bachelor of Technology in
Metallurgical Engineering from The Indian Institute of Technology Madras.
He is fluent in Hindi. Peeyush has been a Portfolio Manager of the
Matthews India Fund since 2018, of the Matthews Emerging Markets Equity
Fund, Matthews Emerging Markets Equity Active ETF, Matthews Emerging
Markets ex China Active ETF and Matthews Asia Growth Fund since 2023 and
of the Matthews India Active ETF since its inception in 2023. |
Lead
Manager Matthews
India Fund Matthews
India Active ETF Co-Manager Matthews
Emerging Markets Equity Fund Matthews
Asia Growth Fund Matthews
Emerging Markets Equity Active ETF Matthews
Emerging Markets ex China Active ETF | |
SHARAT SHROFF,
CFA |
| |
Sharat
Shroff is a Portfolio Manager at Matthews and manages the firm’s Pacific
Tiger Strategy and co-manages the India Strategy. Prior to joining
Matthews in 2005, Sharat worked in the San Francisco and Hong Kong offices
of Morgan Stanley as an Equity Research Associate. Sharat received a
Bachelor of Technology from the Institute of Technology in Varanasi, India
and an M.B.A. from the Indian Institute of Management, in Calcutta, India.
He is fluent in Hindi and Bengali. Sharat has been a Portfolio Manager of
the Matthews Pacific Tiger Fund since 2008, of the Matthews India Fund
since 2006 and of the Matthews Pacific Tiger Active ETF and Matthews India
Active ETF since their inception in 2023. |
Lead
Manager Matthews
Pacific Tiger Fund Matthews
Pacific Tiger Active ETF Co-Manager Matthews
India Fund Matthews
India Active ETF |
50 |
matthewsasia.com 800.789.ASIA |
INBOK SONG |
| |
Inbok
Song is a Portfolio Manager at Matthews and manages the firm’s Pacific
Tiger Strategy and
co-manages the
firm’s Emerging Markets Sustainable Future and Asia Innovators Strategies.
Prior to rejoining the firm in 2019, Inbok spent three years at Seafarer
Capital Partners as a portfolio manager, the firm’s Director of Research
and chief data scientist. Previously she was at Thornburg Investment
Management as an associate portfolio manager. From 2007 to 2015, she was
at Matthews, most recently as a portfolio manager. From 2005 to 2006,
Inbok served as an Analyst and Technology Specialist at T. Stone
Corp., a private equity firm in Seoul, South Korea. From 2004 to 2005, she
was a research engineer for Samsung SDI in Seoul. Inbok received both a
B.A. and Masters in Materials Science and Engineering from Seoul National
University. She received a Masters in International Management from the
University of London, King’s College, and also an M.A. in Management
Science and Engineering, with a concentration in finance from Stanford
University. Inbok is fluent in Korean. Inbok has been a Portfolio Manager
of the Matthews Pacific Tiger Fund since 2019, of the Matthews Emerging
Markets Sustainable Future Fund, Matthews Asia Innovators Fund and
Matthews Asia Innovators Active ETF since 2023 and of the Matthews Pacific
Tiger Active ETF and Matthews Emerging Markets Sustainable Future Active
ETF since their inception in 2023. |
Lead
Manager Matthews
Pacific Tiger Fund Matthews
Pacific Tiger Active ETF Co-Manager Matthews
Emerging Markets Sustainable Future Fund Matthews
Asia Innovators Fund Matthews
Emerging Markets Sustainable Future Active ETF Matthews
Asia Innovators Active ETF | |
SHUNTARO
TAKEUCHI |
| |
Shuntaro
Takeuchi is Head of Research and a Portfolio Manager at Matthews and
manages the firm’s Japan Strategy. Prior to joining the firm in 2016, he
was an Executive Director for Japan Equity Sales at UBS Securities LLC in
New York. Beginning in 2003, he worked on both Japanese Equity and
International Equity Sales at UBS Japan Securities, based in Tokyo, and
held the position of Special Situations Analyst from 2006 to 2008, and
Head of International Equity Sales from 2009 to 2013. Before that, he
worked at Merrill Lynch Japan from 2001 to 2003 in U.S. Equity Sales.
Shuntaro received a B.A. in Commerce and Management from Hitotsubashi
University in Tokyo. He is fluent in Japanese. Shuntaro has been a
Portfolio Manager of the Matthews Japan Fund since 2019 and of the
Matthews Japan Active ETF since its inception in 2023. |
Lead
Manager Matthews
Japan Fund Matthews
Japan Active ETF | |
VIVEK
TANNEERU |
| |
Vivek
Tanneeru is a Portfolio Manager at Matthews and manages the firm’s
Emerging Markets Sustainable Future, Emerging Markets Small Companies and
Emerging Markets Discovery Strategies. Prior to joining Matthews in 2011,
Vivek was an Investment Manager on the Global Emerging Markets team of
Pictet Asset Management in London. While at Pictet, he also worked on the
firm’s Global Equities team, managing Japan and Asia ex Japan markets.
Before earning his M.B.A. from the London Business School in 2006, Vivek
was a Business Systems Officer at The World Bank and served as a
Consultant at Arthur Andersen Business Consulting and Citicorp Infotech
Industries. He interned at Generation Investment Management while studying
for his M.B.A. Vivek received his Masters in Finance from the Birla
Institute on Technology & Science in India. He is fluent in Hindi
and Telugu. Vivek has been a Portfolio Manager of the Matthews Emerging
Markets Sustainable Future Fund since its inception in 2015, of the
Matthews Emerging Markets Small Companies Fund since 2020 and of the
Matthews Emerging Markets Sustainable Future Active ETF since its
inception in 2023. |
Lead
Manager Matthews
Emerging Markets Sustainable Future Fund Matthews
Emerging Markets Small Companies Fund Matthews
Emerging Markets Sustainable Future Active
ETF |
MANAGEMENT OF THE
FUNDS |
|
51 |
|
52 |
matthewsasia.com 800.789.ASIA |
IMPORTANT
INFORMATION |
|
53 |
|
54 |
matthewsasia.com 800.789.ASIA |
INDEX
DEFINITIONS |
|
55 |
|
Fund |
Symbol |
CUSIP | ||
Matthews
Emerging Markets Sustainable Future Active ETF |
EMSF | 577130628 | ||
Matthews
Pacific Tiger Active ETF |
ASIA | 577130578 | ||
Matthews
India Active ETF |
INDE | 577130610 | ||
Matthews
Japan Active ETF |
JPAN | 577130594 | ||
Matthews
Asia Dividend Active ETF |
ADVE | 577130586 |
Investment
Advisor Matthews
International Capital Management, LLC Administrator, Transfer
Agent and Custodian BNY
Mellon 240
Greenwich St. New
York, NY 10007 |
For
additional information about Matthews Asia Funds: matthewsasia.com 833.228.5605 Matthews Asia
Funds Three Canal Plaza, Suite
100 Portland, ME
04101 |
Contacting Matthews Asia Funds |
You
can obtain free copies of the publications described above by visiting the
Fund’s website at
matthewsasia.com.
Matthews
Asia Funds Three
Canal Plaza, Suite
100 Portland,
ME 04101 833.228.5605 | |
Obtaining Information from the SEC |
Reports and other information about the
Fund are available on the EDGAR Database on the SEC’s Internet site at
http://www.sec.gov, and copies of this information may be obtained, after
paying a duplication fee, by electronic request at the following
E-mail address:
[email protected]. |