Matthews Pacific Tiger Fund

Portfolio Holdings: 30 June 2018

Security Country Sector Shares Value
China Resources Beer Holdings Co., Ltd. China/Hong Kong Consumer Staples 5,271,086 25,548,408
Ping An Insurance Group Co. of China, Ltd. H Shares China/Hong Kong Financials 2,659,000 24,401,350
Kotak Mahindra Bank, Ltd. India Financials 1,111,320 21,782,780
Sinopharm Group Co., Ltd. H Shares China/Hong Kong Health Care 5,407,600 21,703,385
Baidu, Inc. ADR China/Hong Kong Information Technology 86,170 20,954,115
NAVER Corp. South Korea Information Technology 29,215 19,996,097
Tencent Holdings, Ltd. China/Hong Kong Information Technology 389,200 19,484,906
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares China/Hong Kong Consumer Staples 4,496,149 18,913,926
China Resources Land, Ltd. China/Hong Kong Real Estate 5,625,111 18,913,643
China Mobile, Ltd. ADR China/Hong Kong Telecom Services 420,595 18,788,907
AIA Group, Ltd. China/Hong Kong Financials 2,119,400 18,492,542
Central Pattana Public Co., Ltd. Thailand Real Estate 8,634,100 18,177,738
Samsung Electronics Co., Ltd. South Korea Information Technology 427,333 17,881,440
Tata Power Co., Ltd. India Utilities 15,998,204 17,103,823
Alibaba Group Holding, Ltd. ADR China/Hong Kong Information Technology 89,300 16,893,173
President Chain Store Corp. Taiwan Consumer Staples 1,468,000 16,629,978
Dairy Farm International Holdings, Ltd. China/Hong Kong Consumer Staples 1,874,300 16,467,124
Cognizant Technology Solutions Corp. Class A United States Information Technology 202,200 16,017,964
DKSH Holding AG Switzerland Industrials 226,932 15,932,672
DB Insurance Co., Ltd. South Korea Financials 300,959 15,931,166
Cheil Worldwide, Inc. South Korea Consumer Discretionary 783,505 14,514,390
Sun Pharmaceutical Industries, Ltd. India Health Care 1,758,510 14,475,657
Hong Kong Exchanges & Clearing, Ltd. China/Hong Kong Financials 470,500 14,114,859
Yum China Holdings, Inc. China/Hong Kong Consumer Discretionary 362,200 14,066,284
ITC, Ltd. India Consumer Staples 3,425,552 13,309,231
Public Bank BHD Malaysia Financials 2,276,150 13,151,059
PT Bank Central Asia Indonesia Financials 8,678,700 12,989,576
GAIL India, Ltd. India Utilities 2,575,627 12,790,733
Titan Co., Ltd. India Consumer Discretionary 981,174 12,580,623
HDFC Bank, Ltd. India Financials 407,405 12,537,299
PT Telekomunikasi Indonesia Persero Indonesia Telecom Services 48,007,200 12,535,445
Vietnam Dairy Products JSC Vietnam Consumer Staples 1,567,325 11,606,022
Fuyao Glass Industry Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 3,078,800 10,398,501
PT Indofood CBP Sukses Makmur Indonesia Consumer Staples 16,542,900 10,216,655
Housing Development Finance Corp., Ltd. India Financials 321,896 8,964,603
Guotai Junan Securities Co., Ltd. H Shares China/Hong Kong Financials 4,063,000 8,637,464
Container Corp. of India, Ltd. India Industrials 901,108 8,578,380
Synnex Technology International Corp. Taiwan Information Technology 5,449,311 8,218,740
E-Mart, Inc. South Korea Consumer Staples 35,033 7,996,957
SM Prime Holdings, Inc. Philippines Real Estate 11,716,375 7,892,513
Orion Holdings Corp. South Korea Consumer Staples 318,140 7,850,022
Dabur India, Ltd. India Consumer Staples 1,256,830 7,180,706
GT Capital Holdings, Inc. Philippines Financials 417,185 7,113,662
IHH Healthcare BHD Malaysia Health Care 4,716,500 7,108,106
Kasikornbank Public Co., Ltd. Thailand Financials 1,172,400 6,862,225
Hengan International Group Co., Ltd. China/Hong Kong Consumer Staples 699,000 6,701,366
Genting BHD Malaysia Consumer Discretionary 3,075,250 6,402,489
United Spirits, Ltd. India Consumer Staples 656,250 6,369,020
Green Cross Corp. South Korea Health Care 34,342 6,361,284
Delta Electronics, Inc. Taiwan Information Technology 1,754,032 6,296,664
Thermax, Ltd. India Industrials 371,105 5,645,790
PT Surya Citra Media Indonesia Consumer Discretionary 38,205,300 5,479,096
Tasly Pharmaceutical Group Co., Ltd. A Shares China/Hong Kong Health Care 1,390,705 5,422,855
The Siam Cement Public Co., Ltd. Thailand Materials 419,400 5,238,591
Amorepacific Corp. South Korea Consumer Staples 15,544 4,496,902
S-1 Corp. South Korea Industrials 45,201 3,925,937
PT Telekomunikasi Indonesia Persero ADR Indonesia Telecom Services 144,100 3,718,214
PT Mitra Keluarga Karyasehat Indonesia Health Care 27,053,600 3,549,251
PT Perusahaan Gas Negara Persero Indonesia Utilities 23,768,300 3,301,649
Just Dial, Ltd. India Information Technology 312,807 2,534,095
Guangdong Advertising Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 3,978,334 1,939,780
LINE Corp. ADR Japan Information Technology 44,400 1,882,230
Shandong Weigao Group Medical Polymer Co., Ltd. H Shares China/Hong Kong Health Care 2,612,000 1,845,259
Wise Talent Information Technology Co., Ltd. China/Hong Kong Information Technology 381,200 1,578,991
IHH Healthcare BHD Malaysia Health Care 126,000 190,349
Net Cash United States 25,484,835 25,484,835


The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or a recommendation to buy or sell securities or other investments.

Portfolio holdings are subject to change without notice and may not represent current or future portfolio composition.

Investors should ascertain from their professional advisers the consequences of investing in the Fund under the relevant laws of the jurisdictions to which they are subject, including the tax consequences and any exchange control requirement. Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before making an investment decision. The current prospectus contains this and other information. Applications for shares may only be made on the Fund’s most recent prospectus which is available at global.matthewsasia.com. Please read the prospectus carefully before investing.