Matthews Asia FundsIndia EquityINDE · NYSE Arca

Matthews India Active ETF (INDE)

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Price: $28.88; —30 Oct 2026
Assets: $17.3M; Total net assets
Expense ratio: 0.79%; Category 0.98%
Yield: 1.83%; Trailing distributions

1Y return: -3.7%+7.6%; Category -11.4%
3Y CAGR: 6.6%+2.5%; Category 4.1%
5Y CAGR: —; Category 2.4%

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Matthews India Active ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+0.5%	-2.6%	+6.2%	-3.8%	-3.7%	+6.6%	—	—	+5.6%
India Equity average	0.8%	-4.5%	-2.1%	-10.6%	-11.4%	4.1%	2.4%	6.1%	1.3%
Difference	-0.4%	+2.0%	+8.3%	+6.8%	+7.6%	+2.5%	—	—	+4.3%

Holdings

The 10 largest positions make up 42.8% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
ETERNAL.BO	Eternal Ltd	9.00%
HDFCBANK.NS	HDFC Bank Ltd	6.22%
ICICIBANK.NS	ICICI Bank Ltd	6.04%
NEULANDLAB.BO	Neuland Laboratories Ltd	4.41%
500034	Bajaj Finance Ltd	3.56%
AXISBANK.BO	Axis Bank Ltd	2.99%
BHARTIARTL.NS	Bharti Airtel Ltd	2.99%
SWIGGY.NS	Swiggy Ltd	2.68%
ATHERENERG.NS	Ather Energy Ltd	2.48%
SHRIRAMFIN.NS	Shriram Finance Ltd	2.47%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 28.0
P/B: 3.9
P/S: 4.0
P/CF: 25.3

Sector allocation

Share of the equity the fund holds.

Financial services31.4%
Consumer discretionary23.6%
Industrials13.2%
Health care9.3%
Technology8.4%
Consumer staples5.4%
Materials3.4%
Communication services3.0%
Energy2.2%

Asset mix

Stocks98.8%
Cash1.2%

ETF details

Issuer: Matthews Asia Funds
Category: Equity · India Equity
Ticker: INDE
Exchange: NYSE Arca
Inception: 21 Sept 2023 (3.1 years)
Structure: Exchange Traded Fund
Expense ratio: 0.79% (category 0.98%)
Holdings turnover: 68% (category 42%)
Distribution yield: 1.83%
Beta, 3 years: 0.62
Total net assets: $17.3M

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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