Matthews Emerging Markets Discovery Active ETF (MEMS) Holdings
MEMS holdings summary
as of Oct 23, 2026- Holdings
- 74 positions listed
- Top 10 weight
- 22.2% of net assets
- Effective holdings
- 59 equal-weight equivalent
- Largest holding
- CARTRADE 2.75% Cartrade Tech Limited
- Annual turnover
- — of the portfolio traded
All MEMS holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | CARTRADE | Cartrade Tech Limited | Consumer Cyclical | 2.75% | $565,367.34 | — | — |
| 2 | 5274 | Aspeed Technology | Technology | 2.43% | $499,160.36 | — | — |
| 3 | RADICO | Radico Khaitan Limited | Consumer Defensive | 2.32% | $476,283.63 | — | — |
| 4 | 145020 | Hugel Inc | Healthcare | 2.31% | $473,922.03 | — | — |
| 5 | LEGN | Legend Biotech Corporation | Healthcare | 2.27% | $465,646.16 | $3.59B | — |
| 6 | BANDHANBNK | Bandhan Bank Limited | Financial Services | 2.18% | $448,231.92 | — | — |
| 7 | 2383 | Elite Material Co Ltd | Technology | 2.16% | $442,625.68 | — | — |
| 8 | BHARTIHEXA | Bharti Hexacom Ltd | Communication Services | 2.07% | $425,047.15 | — | — |
| 9 | 5904 | Poya International Co Ltd | Consumer Cyclical | 1.92% | $393,504.37 | — | — |
| 10 | TPEIR | Piraeus Financial Holdings S.A | Financial Services | 1.80% | $369,395.51 | — | — |
| 11 | 0425 | Minth Group Ltd | Consumer Cyclical | 1.72% | $353,850.01 | — | — |
| 12 | BLACKBUCK | ZINKA LOGISTICS SOL LTD | Technology | 1.68% | $345,800.03 | — | — |
| 13 | 084370 | Eugene Technology Co.Ltd | Technology | 1.62% | $332,205.42 | — | — |
| 14 | MWG | Mobile World Investment Corp | Consumer Cyclical | 1.61% | $331,055.42 | — | — |
| 15 | 6285 | Wistron NeWeb Corp | Technology | 1.56% | $320,192.06 | — | — |
| 16 | 2368 | Gold Circuit Electronics Ltd | Technology | 1.54% | $316,742.07 | — | — |
| 17 | 319660 | PSK Inc | Technology | 1.45% | $297,335.86 | — | — |
| 18 | PHOENIXLTD | The Phoenix Mills Limited | Real Estate | 1.45% | $297,089.44 | — | — |
| 19 | 267250 | Hyundai Heavy Industries Holdings Co Ltd | Energy | 1.43% | $293,023.38 | — | — |
| 20 | YMM | Full Truck Alliance Co. Ltd. | Technology | 1.43% | $292,674.27 | $9.15B | 15.4 |
| 21 | SMFT3 | Smartfit Escola de Ginástica e Dança S.A | Consumer Cyclical | 1.42% | $291,380.52 | — | — |
| 22 | IMP | Impala Platinum Holdings Ltd | Basic Materials | 1.40% | $287,026.96 | — | — |
| 23 | 603699 | Neway Valve suzhou Co Ltd | Industrials | 1.38% | $283,494.83 | — | — |
| 24 | 028050 | Samsung Engineering Co. Ltd. | Industrials | 1.38% | $282,981.44 | — | — |
| 25 | LUN | Lundin Mining Corporation | Basic Materials | 1.38% | $282,899.29 | — | — |
| 26 | 300012 | Centre Testing Intl Shenzhen | Industrials | 1.35% | $276,368.95 | — | — |
| 27 | VAMO3 | Vamos Locação de Caminhões Máquinas e Equipamentos S.A | Industrials | 1.33% | $272,918.96 | — | — |
| 28 | MULT3 | Multiplan Empreendimentos Imobiliários S.A | Real Estate | 1.24% | $255,504.72 | — | — |
| 29 | 2313 | Compeq Manufacturing Co Ltd | Technology | 1.23% | $252,670.80 | — | — |
| 30 | 3324 | Auras Technology Co Ltd | Technology | 1.23% | $251,993.12 | — | — |
| 31 | THEON | Theon International Plc | Industrials | 1.20% | $245,750.28 | — | — |
| 32 | 1519 | Fortune Electric Co Ltd | Industrials | 1.16% | $237,269.05 | — | — |
| 33 | 1590 | Airtac International Group | Industrials | 1.13% | $232,176.21 | — | — |
| 34 | TBCG | TBC Bank Group PLC | Financial Services | 1.12% | $230,944.07 | — | — |
| 35 | ORVR3 | Orizon Valorização de Resíduos S.A | Industrials | 1.08% | $221,682.48 | — | — |
| 36 | NETWEB | Netweb Technologies India Limited | Technology | 1.07% | $220,162.84 | — | — |
| 37 | BLX | Banco Latinoamericano de Comercio Exterior, S. A. | Financial Services | 1.06% | $218,088.74 | $2.07B | 9.0 |
| 38 | POLICYBZR | PB Fintech Limited | Financial Services | 1.03% | $210,695.90 | — | — |
| 39 | MBB | Military Commercial Joint Stock Bank | Financial Services | 1.02% | $209,648.58 | — | — |
| 40 | 3661 | Alchip Technologies Ltd | Technology | 1.02% | $208,601.26 | — | — |
| 41 | GENTERA | Gentera S.A.B. de C.V | Financial Services | 0.99% | $202,851.28 | — | — |
| 42 | 6643 | M31 Technology Corp | Technology | 0.98% | $201,742.35 | — | — |
| 43 | SHRIRAMFIN | Shriram Finance Limited | Financial Services | 0.96% | $196,957.54 | — | — |
| 44 | 600885 | Hongfa Technology Co Ltd | Industrials | 0.96% | $196,320.94 | — | — |
| 45 | IFS | Intercorp Financial Services Inc. | Financial Services | 0.95% | $195,930.76 | $6.03B | 10.1 |
| 46 | MINDAIND | Minda Industries Limited | Consumer Cyclical | 0.95% | $195,869.15 | — | — |
| 47 | 6531 | AP Memory Technology Corp | Technology | 0.94% | $193,487.02 | — | — |
| 48 | 3131 | Grand Plastic Technology | Technology | 0.93% | $190,878.99 | — | — |
| 49 | 8996 | Kaori Heat Treatment Co Ltd | Industrials | 0.93% | $190,303.99 | — | — |
| 50 | 5536 | Acter Co Ltd | Industrials | 0.92% | $188,743.28 | — | — |
| 51 | ATAT | Atour Lifestyle Holdings Limited | Consumer Cyclical | 0.92% | $188,188.82 | $4.62B | 16.5 |
| 52 | TH6068010Y10 | MUANGTHAI CAPITAL PCL-FOREIG | Other | 0.90% | $185,252.22 | — | — |
| 53 | SM | SM Investments Corp | Consumer Non-Cyclicals | 0.90% | $185,108.47 | — | — |
| 54 | MTARTECH | Mtar Technologies Limited | Industrials | 0.90% | $183,999.54 | — | — |
| 55 | ACE | ACTION CONSTRUCTION EQUIPMENT LTD. | Industrials | 0.87% | $179,502.23 | — | — |
| 56 | 0522 | ASM Pacific Technology Ltd | Technology | 0.81% | $166,154.05 | — | — |
| 57 | 6415 | Silergy Corp | Technology | 0.81% | $165,312.09 | — | — |
| 58 | 0189 | Dongyue Group Ltd | Basic Materials | 0.80% | $164,449.59 | — | — |
| 59 | GET&D | GE T&D India Limited | Industrials | 0.76% | $156,338.00 | — | — |
| 60 | 082740 | HSD Engine Co Ltd | Industrials | 0.72% | $148,021.06 | — | — |
| 61 | RAINBOW | Rainbow Children's Medicare Ltd | Healthcare | 0.71% | $146,542.49 | — | — |
| 62 | ASTOR | Astor Enerji AS | Industrials | 0.67% | $137,301.44 | — | — |
| 63 | KLBF | Kalbe Farma Tbk PT | Healthcare | 0.66% | $136,541.62 | — | — |
| 64 | 282330 | BGF Retail Co Ltd | Consumer Defensive | 0.60% | $122,372.02 | — | — |
| 65 | 1111 | Saudi Tadawul Group Holding Co | Financial Services | 0.59% | $121,098.80 | — | — |
| 66 | 003570 | SNT Dynamics Co Ltd | Industrials | 0.53% | $108,120.27 | — | — |
| 67 | AVALON | Avalon Technologies Ltd | Technology | 0.52% | $107,196.16 | — | — |
| 68 | 8299 | Phison Electronics | Technology | 0.52% | $106,005.09 | — | — |
| 69 | AMBER | Amber Enterprises India Limited | Consumer Cyclical | 0.36% | $74,318.56 | — | — |
| 70 | 2252 | Shanghai MicroPort MedBot Group Co Ltd | Healthcare | 0.24% | $48,998.09 | — | — |
| 71 | ICBP | Indofood Cbp Sukses Makmur Tbk | Consumer Defensive | 0.14% | $28,565.11 | — | — |
| 72 | CMRY | Cisarua Mountain Dairy Tbk PT | Consumer Defensive | 0.09% | $18,009.78 | — | — |
| 73 | ISAT | Indosat Tbk | Communication Services | 0.08% | $16,099.96 | — | — |
| 74 | FPT | FPT Corp | Technology | 0.04% | $8,378.55 | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($20.5M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
MEMS sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Technology | 24.0% | 20 | 5274, 2383, BLACKBUCK |
| Industrials | 17.2% | 17 | 603699, 028050, 300012 |
| Financial Services | 11.7% | 10 | BANDHANBNK, TPEIR, TBCG |
| Consumer Cyclical | 11.7% | 8 | CARTRADE, 5904, 0425 |
| Healthcare | 6.2% | 5 | 145020, LEGN, RAINBOW |
| Basic Materials | 3.6% | 3 | IMP, LUN, 0189 |
| Consumer Defensive | 3.1% | 4 | RADICO, 282330, ICBP |
| Real Estate | 2.7% | 2 | PHOENIXLTD, MULT3 |
| Communication Services | 2.1% | 2 | BHARTIHEXA, ISAT |
| Energy | 1.4% | 1 | 267250 |
| Other | 0.9% | 1 | TH6068010Y10 |
| Consumer Non-Cyclicals | 0.9% | 1 | SM |
Sum of the weights of the holdings in each sector.
MEMS top industries
MEMS overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 0.6% | 65 of 8,035 | 0.05% |
| IWM | iShares Russell 2000 ETF | 0.4% | 2 of 1,962 | 0.19% |
| VTI | Vanguard Total Stock Market ETF | 0.0% | 1 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.0% | 0 of 502 | 0.09% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.0% | 0 of 30 | 0.16% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the MEMS portfolio
Matthews Emerging Markets Discovery Active ETF holds 74 positions. The ten largest make up 22.2% of the fund and the top 50 71.4%, so it behaves like a portfolio of about 59 equally weighted positions. The biggest positions are Cartrade Tech Limited (2.75%), Aspeed Technology (2.43%), Radico Khaitan Limited (2.32%), Hugel Inc (2.31%), Legend Biotech Corporation (2.27%).
By sector, Technology is 24.0%, Industrials is 17.2%, Financial Services is 11.7%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 23, 2026; positions change as the fund rebalances.
Related: MEMS chart, MEMS performance, MEMS dividends, MEMS overview.
MEMS holdings FAQ
How many holdings does MEMS have?
MEMS holds 74 positions as of October 23, 2026.
What are the top 10 holdings of MEMS?
The ten largest holdings are Cartrade Tech Limited (2.75%), Aspeed Technology (2.43%), Radico Khaitan Limited (2.32%), Hugel Inc (2.31%), Legend Biotech Corporation (2.27%), Bandhan Bank Limited (2.18%), Elite Material Co Ltd (2.16%), Bharti Hexacom Ltd (2.07%), Poya International Co Ltd (1.92%), Piraeus Financial Holdings S.A (1.80%). Together they are 22.2% of the fund.
What percentage of MEMS is Cartrade Tech Limited?
Cartrade Tech Limited is the largest holding at 2.75% of net assets, about $565,367.34 of the fund's $20.5M.
Which sector is the largest in MEMS?
Technology is the largest sector at 24.0%, followed by Industrials (17.2%) and Financial Services (11.7%), based on the sectors of the individual holdings.
How concentrated is MEMS?
The top 10 holdings are 22.2% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) MEMS behaves like a portfolio of about 59 equally weighted positions.