MINV vs. CGRO ETF Comparison

Comparison of Matthews Asia Innovators Active ETF (MINV) to CoreValues Alpha Greater China Growth ETF (CGRO)

MINV

Matthews Asia Innovators Active ETF

MINV Description

The investment seeks long-term capital appreciation. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in Asia that Matthews believes are innovators in their products, services, processes, business models, management, use of technology, or approach to creating, expanding or servicing their markets.

Grade (RS Rating)

Last Trade

$27.97

Average Daily Volume

3,095

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CGRO

CoreValues Alpha Greater China Growth ETF

CGRO Description

CGRO aims to benefit from high-growth sectors in Greater China without compromising American values and interests. The fund includes companies of all sizes located or primarily traded in mainland China, Taiwan, and Chinas special administrative regions, such as Hong Kong. The portfolio construction starts with top-down macro research, which utilizes publicly available data to identify sectors with the highest growth potential. The fund also conducts on-the-ground due diligence wherein it gains insights from 15 investment professionals located in China. Lastly, a fundamental bottom-up approach is used to analyze company-specific data such as financial reports and management expertise. The weight of each sector and company is determined by the sub-advisers assessment of its growth potential, which may change over time. The fund may invest in China A-shares, depositary receipts, and issuers listed on exchanges outside China.

Grade (RS Rating)

Last Trade

$22.44

Average Daily Volume

747

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MINV	CGRO
30 Days	-2.29%	-6.43%
60 Days	1.69%	11.80%
90 Days	2.30%	14.69%
12 Months	22.12%	10.13%

5 Overlapping Holdings

Symbol	Grade	Weight in MINV	Weight in CGRO	Overlap
BABA	D	3.72%	3.58%	3.58%
BEKE	D	1.34%	4.55%	1.34%
BILI	D	1.28%	0.91%	0.91%
PDD	F	2.41%	9.47%	2.41%
TCOM	B	3.5%	7.4%	3.5%

MINV Overweight 6 Positions Relative to CGRO

Symbol	Grade	Weight
SE	B	6.89%
GRAB	B	3.3%
MMYT	B	3.05%
IBN	C	2.27%
TSM	B	1.41%
CPNG	D	1.13%

MINV Underweight 5 Positions Relative to CGRO

Symbol	Grade	Weight
YMM	C	-2.97%
TME	D	-2.54%
BIDU	F	-2.08%
LI	F	-1.17%
NTES	D	-0.35%