MCHS Fees and Costs — Matthews China Discovery Active ETF
Data updated: 2026-08-24
The net expense ratio is 0.89% (0.99% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0769% of average net assets, and portfolio turnover was 44%.
MCHS Fees and Expenses
Annual operating expenses and sales charges of MCHS. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MCHS Costs Over Time
On $10,000 invested in MCHS, assuming 5% a year before costs, total costs come to $605 over 5 years, cutting the return by 1.02% 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 0.89%) | $93 | $292 | $506 |
| Trading costs (broker commissions) | $8 | $25 | $44 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $102 | $333 | $605 |
| Value after costs | $10,398 | $11,244 | $12,158 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
MCHS 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): 0.0769%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $1.6M
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
MCHS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $474 | 29.12% |
| JP MORGAN SECURITIES LLC | $207 | 12.71% |
| UBS Securities LLC | $199 | 12.22% |
| Daiwa Securities Group Inc. | $158 | 9.71% |
| China International Capital Corporation Limited | $157 | 9.64% |
| CLSA SINGAPORE PTE LTD | $132 | 8.11% |
| MACQUARIE CAPITAL (USA), INC. | $100 | 6.14% |
| GOLDMAN SACHS & CO. LLC | $83 | 5.10% |
| BTIG, LLC | $60 | 3.69% |
| CITIGROUP GLOBAL MARKETS INC. | $58 | 3.56% |
MCHS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON CORPORATION | $1.5M | 97.86% |
| GOLDMAN SACHS & CO. LLC | $21K | 1.34% |
| BNP PARIBAS SECURITIES (ASIA) LIMITED | $12K | 0.80% |
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.