Strive Emerging Markets Ex-China ETF (STXE US)
STXE US$46.34
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 46.34
- Change
- ▼ -0.88 (-1.86)
- Bid / Ask
- 45.97 - 47.61
- Volume
- 227
- Turnover
- 8,288
- Open
- 46.30
- Day Range
- 46.30 - 46.34
- VWAP
- 46.30
- Prev Close
- 47.21
- Last Trade
- 29/10 4:10pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$132.1M
OCT 2026
Distributions
Quarterly
Since inception
3.7 yrs
JAN 2023
- Legal name
- Strive Emerging Markets Ex-China ETF
- Issuer
- Strive AM
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Index fund
- Morningstar category
- Diversified Emerging Mkts
- Category index
- MSCI EM NR USD
- Benchmark
- Bloomberg EM ex China L&M TR USD
- ETF net assets
- $132.1M
- Units on issue
- 2.9M
- Management fee
- 0.32% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 30 JAN 2023
- Listed
- 10 JAN 2024
Objective and strategy
The investment seeks to track the total return performance, before fees and expenses, of the Bloomberg Emerging Markets ex China Large & Mid Cap Index composed of emerging market, ex-China securities. The index tracks large and mid-capitalization equity securities across 24 emerging market economies, excluding China. Under normal circumstances, at least 80% of the fund’s total assets (exclusive of collateral held from securities lending) will be invested in the emerging market securities, which may include depositary receipts (including American Depository Receipts (“ADRs”) or Global Depository Receipts (“GDRs”) representing securities included in the index.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 0.94%Non-US equity 98.76%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 99.70 | 99.70 | 0.00 |
| Bond | 0.00 | 0.00 | 0.00 |
| Cash | 0.32 | 0.32 | 0.00 |
| Other | -0.02 | 0.00 | 0.02 |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 32.90%Sensitive 63.11%Defensive 3.99%
- Technology
- 51.40%
- Financial Services
- 22.29%
- Basic Materials
- 6.64%
- Industrials
- 4.67%
- Energy
- 3.92%
- Consumer Cyclical
- 3.66%
- Communication Services
- 3.12%
- Utilities
- 1.59%
- Consumer Defensive
- 1.26%
- Healthcare
- 1.15%
- Real Estate
- 0.31%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 67.33%Emerging markets 32.67%
- Asia Developed
- 63.25%
- Asia Emerging
- 15.07%
- Africa / Middle East
- 9.18%
- Latin America
- 9.13%
- Europe Emerging
- 1.80%
- North America
- 0.95%
- Europe Developed
- 0.62%
- United Kingdom
- 0.00%
- Japan
- 0.00%
- Australasia
- 0.00%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- Taiwan
- 35.81%
- South Korea
- 27.44%
- India
- 12.11%
- Other Countries
- 6.29%
- Brazil
- 5.45%
- Mexico
- 3.11%
- South Africa
- 2.89%
- Thailand
- 1.38%
- Poland
- 1.31%
- Malaysia
- 0.96%
- United States
- 0.95%
- Greece
- 0.62%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Large Blend
- Average moat
- Narrow
Size score
394
Small
Mid
Large
Value-growth score
172
Value
Blend
Growth
Economic moat
None 49%Wide 39%Narrow 13%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 72.05%
- Large
- 26.47%
- Mid
- 1.49%
- Small
- 0.00%
- Micro
- 0.00%
Giant 72%Large 26%Mid 1%
- Average market cap
- $197.47B
- Number of holdings
- 192
- Shares held
- 182
Portfolio statistics · 22 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 15.08
- Price / book
- 2.82
- Price / sales
- 2.92
- Price / cash flow
- 12.17
- Dividend yield
- 1.90%
- Assets in top 10
- 48.96%
- Return on equity
- 30.63%
- Net margin
- 33.66%
- Earnings growth (3 yr)
- 16.24%
Top holdings · top 10 = 51.67% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd 2330 | 20.20 | FEB 2026 | 29.1M | TWD | 373,653 | Technology | Taiwan | |
| Samsung Electronics Co Ltd 005930 | 12.68 | FEB 2026 | 18.3M | KRW | 92,084 | Technology | South Korea | |
| SK hynix Inc 000660 | 8.38 | FEB 2026 | 12.1M | KRW | 9,206 | Technology | South Korea | |
| MediaTek Inc 2454 | 2.33 | FEB 2026 | 3.4M | TWD | 21,733 | Technology | Taiwan | |
| Samsung Electronics Co Ltd Participating Preferred 005935 | 1.65 | FEB 2026 | 2.4M | KRW | 16,512 | Technology | South Korea | |
| HDFC Bank Ltd HDFCBANK | 1.46 | FEB 2026 | 2.1M | INR | 284,083 | Financial Services | India | |
| Al Rajhi Bank 1120 | 1.41 | FEB 2026 | 2.0M | SAR | 120,879 | Financial Services | Saudi Arabia | |
| ICICI Bank Ltd ICICIBANK | 1.31 | FEB 2026 | 1.9M | INR | 136,779 | Financial Services | India | |
| Delta Electronics Inc 2308 | 1.16 | FEB 2026 | 1.7M | TWD | 28,242 | Technology | Taiwan | |
| Grupo Mexico SAB de CV Class B GMEXICOB | 1.08 | FEB 2026 | 1.6M | MXN | 124,817 | Basic Materials | Mexico |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
0.8
3M
-2.2
6M
34.6
YTD
40.8
1Y
55.8
3Y
29.2
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | 0.77 | 0.50 | 0.80 | 8 / 742 |
| 3 months | -2.21 | -4.32 | -2.14 | 61 / 739 |
| 6 months | 34.56 | 29.09 | 34.78 | 4 / 735 |
| Year to date | 40.81 | 40.96 | 41.15 | 6 / 731 |
| 1 year | 55.82 | 54.79 | 56.32 | 5 / 724 |
| 3 years p.a. | 29.18 | 29.07 | 29.60 | 7 / 689 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2024
3.3
2025
34.0
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 34.02 | 30.55 | 33 / 751 |
| 2024 | 3.30 | 0.06 | 76 / 787 |
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 19.10 | 3.25 | — | — |
| Beta | 1.70 | 1.34 | — | — |
| R-squared | 83.92 | 68.20 | — | — |
| Standard deviation | 32.88 | 21.52 | — | — |
| Sharpe ratio | 1.41 | 1.09 | — | — |
| Sortino ratio | 2.72 | 2.13 | — | — |
| Tracking error | 18.08 | 12.96 | — | — |
| Information ratio | 1.98 | 0.67 | — | — |
| Upside capture % | 192.39 | 118.95 | — | — |
| Downside capture % | 119.78 | 84.07 | — | — |
| Maximum drawdown % | -14.73 | -14.73 | — | — |
Measured against MSCI ACWI Ex USA NR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
88.0
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Market impact cost %
- 0.629
- Best quarter
- 37.72% · JUN 2026
- Worst quarter
- -10.11% · OCT 2023
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.32% p.a.
- PDS dated
- 31 OCT 2025
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.8981
- Ex Date
- 28 SEP 2026
- Record Date
- 28 SEP 2026
- Pay Date
- 29 SEP 2026
- NAV at ex date
- 49.77
- Paid this year
- 1.2030
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
1.0
2023
0.9
2022
0.3
| Year | Per unit ($) |
|---|---|
| 2024 | 0.9565 |
| 2023 | 0.8891 |
| 2022 | 0.2999 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 28 SEP 2026 | 0.8981 |
| 29 JUN 2026 | 0.1684 |
| 30 MAR 2026 | 0.1365 |
| 11 DEC 2025 | 0.1865 |
| 29 SEP 2025 | 0.4044 |
| 27 JUN 2025 | 0.2347 |
| 28 MAR 2025 | 0.1309 |
| 12 DEC 2024 | 0.4981 |
| 27 SEP 2024 | 0.2985 |
| 27 JUN 2024 | 0.0925 |
| 27 SEP 2023 | 0.2173 |
| 28 JUN 2023 | 0.0827 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Above Average
ESG risk score
18.53
Negligible
Low
Medium
High
Severe
Category average 20.31
- Rank in category
- 13th percentile of 1,774 funds
- Environmental risk
- 6.29
- Social risk
- 6.57
- Governance risk
- 5.48
- Portfolio covered
- 99.1%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 0.00%
- Low
- 69.84%
- Medium
- 23.08%
- High
- 4.99%
- Severe
- 2.09%
1.51% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
7.54
Low
Medium
High
Severe
Category average 8.92
- Carbon risk
- Low Risk
- Rank in category
- 73rd percentile of 817 funds
- Fossil fuel involvement
- 7.64%
- Category average
- 7.28%
- Low Carbon Designation
- No
- Portfolio covered
- 99.1%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Matthew Cole
- Chris Nicholson
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 1.9 years
- Longest tenure
- 3.8 years
- Longest serving
- Matthew Cole · since 30 JAN 2023
- Most recent appointment
- Chris Nicholson · since 15 SEP 2026
- Managed since
- 30 JAN 2023
- Other funds managed
- 28
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
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