Matthews Pacific Tiger Fund

Portfolio Holdings: 31 March 2018

Security Country Sector Shares Value
Sinopharm Group Co., Ltd. H Shares China/Hong Kong Health Care 3,851,600 19,303,202
Ping An Insurance Group Co. of China, Ltd. H Shares China/Hong Kong Financials 1,742,500 17,740,173
China Resources Beer Holdings Co., Ltd. China/Hong Kong Consumer Staples 3,831,086 16,597,150
Tencent Holdings, Ltd. China/Hong Kong Information Technology 311,800 16,297,159
Baidu, Inc. ADR China/Hong Kong Information Technology 68,970 15,508,427
Central Pattana Public Co., Ltd. Thailand Real Estate 6,024,100 15,122,861
Vietnam Dairy Products JSC Vietnam Consumer Staples 1,567,325 14,223,735
Titan Co., Ltd. India Consumer Discretionary 981,174 14,175,654
Kotak Mahindra Bank, Ltd. India Financials 879,058 14,122,247
NAVER Corp. South Korea Information Technology 18,880 13,965,198
President Chain Store Corp. Taiwan Consumer Staples 1,343,000 13,579,569
Tata Power Co., Ltd. India Utilities 10,992,529 13,314,737
China Resources Land, Ltd. China/Hong Kong Real Estate 3,619,111 13,178,267
Public Bank BHD Malaysia Financials 2,051,150 12,728,834
DKSH Holding AG Switzerland Industrials 156,669 12,655,074
DB Insurance Co., Ltd. South Korea Financials 203,715 12,637,142
AIA Group, Ltd. China/Hong Kong Financials 1,460,600 12,357,542
Samsung Electronics Co., Ltd. South Korea Information Technology 5,188 12,003,582
China Mobile, Ltd. ADR China/Hong Kong Telecom Services 222,395 10,176,088
HDFC Bank, Ltd. India Financials 347,405 10,046,358
Alibaba Group Holding, Ltd. ADR China/Hong Kong Information Technology 55,200 9,948,992
Hong Kong Exchanges & Clearing, Ltd. China/Hong Kong Financials 302,400 9,844,230
Dairy Farm International Holdings, Ltd. China/Hong Kong Consumer Staples 1,221,600 9,711,720
ITC, Ltd. India Consumer Staples 2,462,202 9,645,449
PT Bank Central Asia Indonesia Financials 5,607,300 9,494,909
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares China/Hong Kong Consumer Staples 2,064,219 9,210,080
Cognizant Technology Solutions Corp. Class A United States Information Technology 112,000 8,964,184
Fuyao Glass Industry Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 2,182,400 8,411,868
Sun Pharmaceutical Industries, Ltd. India Health Care 1,092,946 8,296,588
Synnex Technology International Corp. Taiwan Information Technology 5,449,311 8,175,854
Orion Holdings Corp. South Korea Consumer Staples 318,140 8,013,940
Kasikornbank Public Co., Ltd. Thailand Financials 1,172,400 7,948,475
Delta Electronics, Inc. Taiwan Information Technology 1,754,032 7,871,522
Housing Development Finance Corp., Ltd. India Financials 262,347 7,343,272
Container Corp. of India, Ltd. India Industrials 384,540 7,340,973
IHH Healthcare BHD Malaysia Health Care 4,716,500 7,321,349
GAIL India, Ltd. India Utilities 1,432,153 7,214,376
Yum China Holdings, Inc. China/Hong Kong Consumer Discretionary 174,200 7,137,254
Genting BHD Malaysia Consumer Discretionary 3,075,250 6,916,519
Tasly Pharmaceutical Group Co., Ltd. A Shares China/Hong Kong Health Care 993,361 6,808,175
Cheil Worldwide, Inc. South Korea Consumer Discretionary 392,290 6,713,146
The Siam Cement Public Co., Ltd. Thailand Materials 419,400 6,625,635
PT Telekomunikasi Indonesia Persero Indonesia Telecom Services 25,073,700 6,560,386
PT Indofood CBP Sukses Makmur Indonesia Consumer Staples 10,863,100 6,529,301
Green Cross Corp. South Korea Health Care 34,342 6,491,505
Guotai Junan Securities Co., Ltd. H Shares China/Hong Kong Financials 2,984,200 6,479,332
Hengan International Group Co., Ltd. China/Hong Kong Consumer Staples 699,000 6,475,067
Thermax, Ltd. India Industrials 371,105 6,455,761
Dabur India, Ltd. India Consumer Staples 1,256,830 6,328,307
PT Surya Citra Media Indonesia Consumer Discretionary 29,206,700 5,755,089
GT Capital Holdings, Inc. Philippines Financials 238,305 5,339,055
SM Prime Holdings, Inc. Philippines Real Estate 7,369,575 4,788,682
Amorepacific Corp. South Korea Consumer Staples 15,544 4,488,011
United Spirits, Ltd. India Consumer Staples 88,116 4,228,228
PT Perusahaan Gas Negara Persero Indonesia Utilities 23,768,300 3,973,292
Shandong Weigao Group Medical Polymer Co., Ltd. H Shares China/Hong Kong Health Care 4,836,000 3,222,706
Guangdong Advertising Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 3,978,334 2,962,886
PT Mitra Keluarga Karyasehat Indonesia Health Care 19,053,600 2,892,466
E-Mart, Inc. South Korea Consumer Staples 11,364 2,889,870
S-1 Corp. South Korea Industrials 26,757 2,414,624
Just Dial, Ltd. India Information Technology 312,807 2,124,893
LINE Corp. ADR Japan Information Technology 10,600 405,084
IHH Healthcare BHD Malaysia Health Care 126,000 195,024
Net Cash United States 12,123,375 12,123,375

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 Please read the prospectus carefully before investing.