Matthews India Active ETF (INDE)

Assets	$13.20M
Expense Ratio	0.79%
PE Ratio	29.35
Shares Out	480,000
Dividend (ttm)	$0.53
Dividend Yield	1.94%
Ex-Dividend Date	Dec 17, 2025
Payout Frequency	Annual
Payout Ratio	54.51%

Volume	6,253
Open	27.50
Previous Close	27.55
Day's Range	27.10 - 27.50
52-Week Low	24.99
52-Week High	31.44
Beta	0.29
Holdings	71
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

44.06% of assets

Name	Symbol	Weight
HDFC Bank Limited	HDFCBANK	6.84%
Eternal Limited	ETERNAL	6.61%
ICICI Bank Limited	ICICIBANK	5.23%
Thangamayil Jewellery Limited	THANGAMAYL	5.09%
State Bank of India	SBIN	3.63%
Bajaj Finance Limited	BAJFINANCE	3.53%
Reliance Industries Limited	RELIANCE	3.40%
Shriram Finance Limited	SHRIRAMFIN	3.40%
Neuland Laboratories Limited	NEULANDLAB	3.25%
Bharti Airtel Limited	BHARTIARTL	3.08%

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 -3.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.05%.