Matthews Asia Dividend Active ETF

Matthews Asia Dividend Active ETF (ADVE) is an actively managed fund of dividend-paying Asian stocks, led by Taiwan Semiconductor and Samsung as of June 30, 2026. Its managers seek more income than Asian stock markets generally pay, alongside long-term growth. The trade-offs are a 0.79% annual fee, above all six similar funds we compared, and a tiny asset base of about $9 million.

• Over the year to Oct 27, 2026, ADVE returned +17.1%, 3rd of 7 among similar funds.
• Its worst full calendar year was 2024 (+7.1%); its best was 2025 (+26.1%).
• The deepest fall in its price history was 18.3% (Oct 7, 2024 to Apr 8, 2025), recovered by Jun 11, 2025.

As of Jun 30, 2026, the fund held 63 securities; the ten largest made up 43.94% of assets, and 3.52% sat in cash and money-market holdings.

• Over the three months to Jun 30, 2026, investors added a net $8K (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +10.41%, +3.12%, -1.20%.

ADVE does not track an index. Matthews' managers pick the holdings, putting at least 80% of net assets into dividend-paying stocks of Asian companies, including developed, emerging and less developed "frontier" markets such as Vietnam. Up to 20% may go into convertible bonds, which can be swapped for shares, including unrated or "junk" bonds below investment grade. The MSCI All Country Asia Pacific Index is its benchmark: a yardstick for judging results, not a list to copy.

The managers look for companies with attractive dividend yields that, in Matthews' judgment, are likely to raise payouts over time. Most holdings are expected to be medium or large companies, though any size is allowed, and the fund may lean heavily on certain sectors, such as consumer discretionary. Managers trade as they see fit rather than on a rebalancing schedule; turnover was 58%, meaning more than half the portfolio was replaced over the year.

As of June 30, 2026, the fund had 63 holdings, with 44% in the top 10. Taiwan Semiconductor was 13.7% and Samsung 8.1%. Japan (20%), South Korea (19%) and Taiwan (17%) were the largest markets. Because most holdings trade in foreign currencies, a stronger dollar can cut returns. Income is typically paid in March, June, September and December, but isn't guaranteed.

• ADVE charges 0.79% a year, versus an average of 0.46% for the similar funds below (7th of 7, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $81 in the first year and $978 over 10 years (assuming a 5% annual return).

It is a single-region stock fund that can hold emerging and frontier markets, with a short record and tiny asset base, so it fits better as a small add-on than a foundation.

ADVE could add Asian dividend stocks such as Taiwan Semiconductor, Samsung and Singapore Telecommunications, plus quarterly income; its yield over the past 12 months was 2.43% as of October 27, 2026. Its history is short: launched in September 2023, it was not around for the 2008, 2020 or 2022 downturns. Its weakest calendar year, 2024, gained 7.3%, but it fell 18.3% from October 2024 to April 2025, recovering by June 2025. Anyone forced to sell near that low would have sold well below the earlier peak.

Costs are high: 0.79% a year versus a 0.46% average for similar funds, or $978 over 10 years on the SEC's standard $10,000 example. With about $9 million in assets as of June 30, 2026, it is small, and small ETFs are sometimes closed. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.

Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).