Matthews Asia Dividend Fund
Choose a share class:
I (Acc)
I (Dist)
A (Acc)
A (Dist)
Top 10 Holdings as of 30 April 2012
Security
Sector
Country
% Net Assets
Japan Tobacco Inc
Consumer Staples
Japan
3.6
ITOCHU Corp
Industrials
Japan
3.5
Metcash Ltd
Consumer Staples
Australia
3.4
HSBC Holdings PLC
Financials
United Kingdom
3.0
Taiwan Semiconductor Manufacturing Co Ltd
Information Technology
Taiwan
3.0
China Mobile Ltd
Telecom Services
China/Hong Kong
3.0
ORIX Corp
Financials
Japan
3.0
Cheung Kong Infrastructure Holdings Ltd
Utilities
China/Hong Kong
2.7
KT&G Corp
Consumer Staples
South Korea
2.7
NTT DoCoMo Inc
Telecom Services
Japan
2.5
Total 30.4
Portfolio Breakdown (%) as of 30 April 2012
Fund
MSCI All Country Asia Pacific Index Difference
Consumer Staples
20.8
6.2
14.6
Financials
19.6
27.7
-8.1
Consumer Discretionary
14.0
12.7
1.3
Industrials
10.2
13.1
-2.9
Telecom Services
9.2
5.0
4.2
Utilities
6.6
3.2
3.4
Information Technology
5.4
13.5
-8.1
Energy
4.9
5.2
-0.3
Health Care
4.7
3.3
1.4
Materials
2.3
10.1
-7.8
Cash and Other Assets, Less Liabilities
2.3
0.0
2.3
Portfolio Characteristics as of 30 April 2012
Number of Securities 59
Weighted Average $24.9 billion
P/E using FY1 estimates 11.5x
P/E using FY2 estimates 10.6x