EMSF Fees and Costs — Matthews Emerging Markets Sustainable Future 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 $40K in broker commissions, 0.1439% of average net assets, and portfolio turnover was 65%.
EMSF Fees and Expenses
Annual operating expenses and sales charges of EMSF. 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 |
EMSF Costs Over Time
On $10,000 invested in EMSF, assuming 5% a year before costs, total costs come to $585 over 5 years, cutting the return by 0.98% 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 | $449 |
| Trading costs (broker commissions) | $15 | $47 | $82 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $321 | $585 |
| Value after costs | $10,402 | $11,255 | $12,178 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
EMSF 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): 0.1439%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $17.8M
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
EMSF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $6K | 20.26% |
| MORGAN STANLEY & CO. LLC | $4K | 13.82% |
| JP MORGAN SECURITIES LLC | $4K | 13.80% |
| INSTINET, LLC | $3K | 11.50% |
| EFG Hermes Holding SAE | $2K | 7.32% |
| BTG PACTUAL US CAPITAL, LLC | $2K | 7.28% |
| JEFFERIES LLC | $2K | 7.18% |
| CITIGROUP GLOBAL MARKETS INC. | $2K | 7.00% |
| CLSA SINGAPORE PTE LTD | $2K | 5.96% |
| MACQUARIE CAPITAL (USA), INC. | $2K | 5.87% |
EMSF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON CORPORATION | $17.1M | 96.07% |
| CitiGroup Global Markets Inc. | $569K | 3.19% |
| MILLENNIUM ADVISORS, LLC | $132K | 0.74% |
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.