ASIA Fees and Costs — Matthews Pacific Tiger Active ETF
Data updated: 2026-08-24
The net expense ratio is 0.79%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $126K in broker commissions, 0.2734% of average net assets, and portfolio turnover was 113%.
ASIA Fees and Expenses
Annual operating expenses and sales charges of ASIA. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ASIA Costs Over Time
On $10,000 invested in ASIA, assuming 5% a year before costs, total costs come to $664 over 5 years, cutting the return by 1.12% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.79%) | $83 | $259 | $448 |
| Trading costs (broker commissions) | $29 | $90 | $155 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $365 | $664 |
| Value after costs | $10,388 | $11,211 | $12,098 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
ASIA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2734%
- Total broker commissions: $126K
- Bought from dealers (principal trades, not a cost): $60.6M
- Portfolio turnover (prospectus): 113%
- Securities lending: none during the year
ASIA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $17K | 18.17% |
| J.P. Morgan Securities LLC | $13K | 14.09% |
| UBS Securities LLC | $12K | 12.55% |
| CitiGroup Global Markets Inc. | $9K | 10.09% |
| BOFA SECURITIES, INC. | $7K | 8.13% |
| JEFFERIES LLC | $7K | 7.97% |
| CLSA SINGAPORE PTE LTD | $7K | 7.81% |
| Daiwa Securities Group Inc. | $7K | 7.33% |
| MORGAN STANLEY & CO. LLC | $7K | 7.17% |
| MACQUARIE CAPITAL (USA), INC. | $6K | 6.68% |
ASIA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON CORPORATION | $60.6M | 99.93% |
| Kotak Securities Limited | $44K | 0.07% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.