MEM Fees and Costs — Matthews Emerging Markets Equity 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 $101K in broker commissions, 0.2370% of average net assets, and portfolio turnover was 118%.
MEM Fees and Expenses
Annual operating expenses and sales charges of MEM. 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 |
MEM Costs Over Time
On $10,000 invested in MEM, assuming 5% a year before costs, total costs come to $642 over 5 years, cutting the return by 1.08% 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) | $25 | $78 | $135 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $353 | $642 |
| Value after costs | $10,392 | $11,223 | $12,121 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
MEM 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): 0.2370%
- Total broker commissions: $101K
- Bought from dealers (principal trades, not a cost): $74.5M
- Portfolio turnover (prospectus): 118%
- Securities lending: none during the year
MEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $15K | 18.96% |
| MORGAN STANLEY & CO. LLC | $14K | 17.66% |
| J.P. Morgan Securities LLC | $10K | 13.06% |
| UBS Securities LLC | $8K | 9.77% |
| GOLDMAN SACHS & CO. LLC | $7K | 8.59% |
| CitiGroup Global Markets Inc. | $7K | 8.54% |
| EFG Hermes Holding SAE | $6K | 7.78% |
| HSBC SECURITIES (USA) INC. | $5K | 6.29% |
| BOFA SECURITIES, INC. | $4K | 4.88% |
| JEFFERIES LLC | $3K | 4.46% |
MEM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON CORPORATION | $74.2M | 99.61% |
| Goldman Sachs & Co. LLC | $232K | 0.31% |
| Macquarie Capital (USA) Inc. | $34K | 0.05% |
| BOFA SECURITIES, INC. | $21K | 0.03% |
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.