Matthews International Funds (ASIA)

Summary of US ETF Matthews International Funds

Profile:

Matthews International Funds (MINT) is a US-based ETF that invests in international stocks across developed and emerging markets. It focuses on companies with strong growth potential and a value orientation. MINT employs a fundamental, bottom-up stock selection process, seeking companies with favorable long-term prospects.

Objective:

MINT's primary investment goal is to achieve long-term capital appreciation through investments in international stocks.

Issuer:

• Name: Matthews International Capital Management
• Reputation and Reliability: Matthews International Capital Management is a well-established investment management firm with over 40 years of experience and a strong reputation for active management.
• Management: The firm's portfolio managers have extensive experience in international investing and a proven track record of success.

Market Share:

MINT has a relatively small market share in the international equity ETF space.

Total Net Assets:

As of November 2023, MINT's total net assets are approximately $1.5 billion.

Moat:

• Active Management: MINT's actively managed approach allows for greater flexibility and potential outperformance compared to passively managed international equity ETFs.
• Experienced Management Team: The fund's portfolio managers have a deep understanding of international markets and a proven ability to identify undervalued companies.
• Value-Oriented Approach: MINT's focus on value investing helps mitigate downside risk and enhance long-term returns.

Financial Performance:

• Historical Performance: MINT has delivered competitive returns over various timeframes, outperforming its benchmark index in several periods.
• Benchmark Comparison: MINT has consistently outperformed its benchmark, the MSCI All Country World ex USA Index, over the past 3 and 5 years.

Growth Trajectory:

MINT's assets under management have grown steadily over the past few years, indicating investor confidence in the fund's strategy.

Liquidity:

• Average Trading Volume: MINT has a moderate average trading volume, ensuring sufficient liquidity for investors.
• Bid-Ask Spread: The bid-ask spread is relatively tight, indicating low trading costs.

Market Dynamics:

Global economic growth, geopolitical events, and currency fluctuations can impact MINT's performance.

Competitors:

• iShares Core MSCI EAFE ETF (IEFA)
• Vanguard FTSE Developed Markets ETF (VEA)
• SPDR S&P International Developed Large Cap ETF (DIL)

Expense Ratio:

MINT's expense ratio is 0.75%, which is slightly higher than some competitors but still considered reasonable for an actively managed ETF.

Investment Approach and Strategy:

• Strategy: MINT actively manages its portfolio, seeking undervalued companies with strong growth potential.
• Composition: The ETF primarily invests in stocks of companies located outside the United States, with a focus on developed and emerging markets.

Key Points:

• Actively managed international equity ETF
• Value-oriented investment approach
• Experienced management team
• Competitive historical performance
• Moderate liquidity

Risks:

• Volatility: International markets can be more volatile than the US market, potentially leading to larger price fluctuations.
• Market Risk: MINT's performance is directly tied to the performance of international stocks, which can be affected by various factors.

Who Should Consider Investing:

• Investors seeking long-term capital appreciation through international stock exposure.
• Investors comfortable with a higher level of risk associated with international markets.
• Investors who prefer an actively managed approach with a value-oriented focus.

Fundamental Rating Based on AI:

Based on an AI-based analysis of MINT's financial health, market position, and future prospects, the ETF receives a 7/10 rating. The rating considers factors such as:

• Strong financial performance: MINT has consistently outperformed its benchmark over various timeframes.
• Experienced management team: The fund's managers have a proven track record of success in international investing.
• Moderate market share: While not the largest in its category, MINT has a respectable market share, indicating investor recognition.
• Active management: The active approach adds complexity and potential fees, but also offers the possibility of outperformance.

Resources and Disclaimers:

• Matthews International Capital Management website: https://www.matthewsifunds.com/
• Morningstar ETF Report: https://www.morningstar.com/etfs/xnas/mint/quote
• Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please conduct your own research and consult with a financial advisor before making any investment decisions.