Matthews Asia Dividend Fund

Portfolio Holdings: 30 September 2018

This portfolio data should not be relied upon as a complete listing of this Fund's holdings, as information on a particular holding may be withheld if it is in the Fund's best interest to do so.


Security Country Sector Shares Value
Shenzhou International Group Holdings, Ltd. China/Hong Kong Consumer Discretionary 1,561,000 20,028,165
Minth Group, Ltd. China/Hong Kong Consumer Discretionary 4,712,000 19,411,826
NTT DoCoMo, Inc. Japan Telecom Services 574,700 15,478,422
Hyundai Mobis Co., Ltd. South Korea Consumer Discretionary 74,814 15,377,590
Kao Corp. Japan Consumer Staples 189,300 15,310,266
China Petroleum & Chemical Corp. H Shares China/Hong Kong Energy 14,840,000 14,868,067
Japan Tobacco, Inc. Japan Consumer Staples 530,700 13,881,991
BGF Retail Co., Ltd. South Korea Consumer Staples 71,657 13,275,198
Pigeon Corp. Japan Consumer Staples 232,900 13,135,046
Nitori Holdings Co., Ltd. Japan Consumer Discretionary 84,200 12,102,361
Seven & i Holdings Co., Ltd. Japan Consumer Staples 261,300 11,649,803
Anritsu Corp. Japan Information Technology 689,200 11,359,227
MISUMI Group, Inc. Japan Industrials 431,500 11,165,212
Taiwan Semiconductor Manufacturing Co., Ltd. ADR Taiwan Information Technology 245,339 10,974,115
United Overseas Bank, Ltd. Singapore Financials 539,900 10,673,312
Hoya Corp. Japan Health Care 178,500 10,621,521
LG Chem, Ltd., Pfd. South Korea Materials 54,808 10,070,964
Rohm Co., Ltd. Japan Information Technology 124,100 9,029,270
Breville Group, Ltd. Australia Consumer Discretionary 911,474 8,596,951
Sun Art Retail Group, Ltd. China/Hong Kong Consumer Staples 6,578,000 8,553,242
Beijing Capital International Airport Co., Ltd. H Shares China/Hong Kong Industrials 6,908,000 8,395,323
Sumitomo Mitsui Financial Group, Inc. Japan Financials 204,500 8,270,719
China Resources Power Holdings Co., Ltd. China/Hong Kong Utilities 4,578,000 8,088,962
Huaneng Power International, Inc. H Shares China/Hong Kong Utilities 12,104,000 7,957,953
Mitsubishi UFJ Financial Group, Inc. Japan Financials 1,229,800 7,690,266
China Gas Holdings, Ltd. China/Hong Kong Utilities 2,699,400 7,634,423
PT United Tractors Indonesia Energy 3,395,700 7,519,921
China Mobile, Ltd. China/Hong Kong Telecom Services 724,500 7,142,599
HKBN, Ltd. China/Hong Kong Telecom Services 4,141,135 7,101,931
Thai Beverage Public Co., Ltd. Thailand Consumer Staples 14,287,400 7,100,367
ITC, Ltd. India Consumer Staples 1,718,179 7,057,357
Fuji Seal International, Inc. Japan Materials 198,400 7,046,213
Chongqing Brewery Co., Ltd. A Shares China/Hong Kong Consumer Staples 1,599,513 6,790,363
Fanhua, Inc. ADR China/Hong Kong Financials 234,314 6,745,304
Globe Telecom, Inc. Philippines Telecom Services 165,770 6,742,229
Vietnam Dairy Products JSC Vietnam Consumer Staples 1,134,648 6,678,263
Hua Hong Semiconductor, Ltd. China/Hong Kong Information Technology 3,009,000 6,472,485
Eiken Chemical Co., Ltd. Japan Health Care 265,200 6,176,595
Fuyao Glass Industry Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 1,691,600 6,150,133
Woori Bank South Korea Financials 401,927 6,119,519
Samsung Fire & Marine Insurance Co., Ltd. South Korea Financials 22,840 5,844,997
Yuexiu Transport Infrastructure, Ltd. China/Hong Kong Industrials 7,186,000 5,702,737
Nifco, Inc. Japan Consumer Discretionary 206,400 5,554,759
China Steel Chemical Corp. Taiwan Materials 1,162,000 5,529,839
Crystal International Group, Ltd. China/Hong Kong Consumer Discretionary 8,205,000 5,389,472
Dairy Farm International Holdings, Ltd. China/Hong Kong Consumer Staples 578,300 5,204,700
GrameenPhone, Ltd. Bangladesh Telecom Services 1,170,217 5,117,782
BELLSYSTEM24 Holdings, Inc. Japan Industrials 320,800 5,072,519
Postal Savings Bank of China Co., Ltd. H Shares China/Hong Kong Financials 7,869,000 4,960,996
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 513,000 4,400,879
Far East Horizon, Ltd. China/Hong Kong Financials 4,548,000 4,329,934
Minda Industries, Ltd. India Consumer Discretionary 808,922 3,941,388
CapitaLand Retail China Trust, REIT Singapore Real Estate 3,710,520 3,932,072
Samsung Electronics Co., Ltd., Pfd. South Korea Information Technology 111,483 3,797,098
Mitsubishi Pencil Co., Ltd. Japan Industrials 205,000 3,780,723
Shanghai Jin Jiang International Hotels Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 13,206,000 3,708,133
China Construction Bank Corp. H Shares China/Hong Kong Financials 4,194,000 3,660,058
Ascendas India Trust Singapore Real Estate 4,277,600 3,410,672
Cafe de Coral Holdings, Ltd. China/Hong Kong Consumer Discretionary 1,282,000 2,932,551
PT Cikarang Listrindo Indonesia Utilities 37,350,700 2,381,181
Greencross, Ltd. Australia Consumer Discretionary 748,854 2,290,070
HSBC Holdings PLC ADR China/Hong Kong Financials 40,700 1,824,536
China Petroleum & Chemical Corp. ADR China/Hong Kong Energy 17,900 1,781,709
China Mobile, Ltd. ADR China/Hong Kong Telecom Services 36,300 1,742,082
Gujarat Pipavav Port, Ltd. India Industrials 1,008,472 1,395,361
HSBC Holdings PLC China/Hong Kong Financials 115,200 1,017,963
Haidilao InternationalĀ Holding, Ltd. China/Hong Kong Consumer Discretionary 152,000 345,755
Net Cash United States 16,551,265 16,551,265


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.