Matthews India Active ETF (INDE)

Assets	$13.16M
Expense Ratio	0.79%
PE Ratio	29.47
Shares Out	480,000
Dividend (ttm)	$0.53
Dividend Yield	1.93%
Ex-Dividend Date	Dec 17, 2025
Payout Frequency	Annual
Payout Ratio	57.62%

Volume	6,408
Open	27.51
Previous Close	27.22
Day's Range	27.25 - 27.51
52-Week Low	24.99
52-Week High	31.44
Beta	0.35
Holdings	73
Inception Date	Sep 22, 2023

About INDE

Fund Home Page

The Matthews India Active ETF (INDE) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects Indian companies capable of sustainable growth based on fundamentals. The fund follows an all-cap strategy while implementing a fundamental bottom-up approach. INDE was launched on Sep 22, 2023 and is issued by Matthews.

• Asset Class: Equity
• Category: India Equity
• Region: Asia-Pacific
• Stock Exchange: NYSEARCA
• Ticker Symbol: INDE
• ETF Provider: Matthews

Top 10 Holdings

42.35% of assets

Name	Symbol	Weight
HDFC Bank Limited	HDFCBANK	6.62%
Eternal Limited	ETERNAL	6.35%
ICICI Bank Limited	ICICIBANK	5.19%
Thangamayil Jewellery Limited	THANGAMAYL	4.62%
Neuland Laboratories Limited	NEULANDLAB	3.68%
Bajaj Finance Limited	BAJFINANCE	3.49%
Reliance Industries Limited	RELIANCE	3.32%
Bharti Airtel Limited	BHARTIARTL	3.29%
Shriram Finance Limited	SHRIRAMFIN	3.15%
Axis Bank Limited	AXISBANK	2.65%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$0.52655	Dec 22, 2025
Dec 18, 2024	$0.16779	Dec 23, 2024

Performance

INDE had a total return of -5.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.06%.