Matthews Asia Small Companies Fund

Portfolio Holdings: 31 December 2018

Security Country Sector Shares Value
Vitasoy International Holdings, Ltd. China/Hong Kong Consumer Staples 104,000 396,253
SUNeVision Holdings, Ltd. China/Hong Kong Information Technology 622,000 368,294
Silergy Corp. China/Hong Kong Information Technology 23,000 341,557
Sunny Friend Environmental Technology Co., Ltd. Taiwan Industrials 43,000 285,994
Merck, Ltd. India Health Care 6,384 281,533
GRUH Finance, Ltd. India Financials 57,939 262,288
PT Bank Tabungan Pensiunan Nasional Indonesia Financials 1,027,400 245,776
AIA Engineering, Ltd. India Industrials 9,923 238,378
Precision Tsugami China Corp., Ltd. China/Hong Kong Industrials 255,000 232,728
Shanghai Haohai Biological Technology Co., Ltd. H Shares China/Hong Kong Health Care 44,500 222,163
Global PMX Co., Ltd. Taiwan Consumer Discretionary 62,000 221,312
Chief Telecom, Inc. Taiwan Communication Services 44,000 217,440
BBI Life Sciences Corp. China/Hong Kong Health Care 726,000 213,206
Plan B Media Public Co., Ltd. F Shares Thailand Communication Services 1,126,800 212,426
KS Terminals, Inc. Taiwan Industrials 148,000 209,487
Times China Holdings, Ltd. China/Hong Kong Real Estate 186,000 206,353
NIIT Technologies, Ltd. India Information Technology 12,464 205,190
Yeah1 Group Corp. Vietnam Communication Services 20,000 202,630
Cafe24 Corp. South Korea Information Technology 2,039 200,647
Yihai International Holding, Ltd. China/Hong Kong Consumer Staples 82,000 200,645
Philippine Seven Corp. Philippines Consumer Staples 84,155 198,445
Douzone Bizon Co., Ltd. South Korea Information Technology 4,229 197,356
Cosmecca Korea Co., Ltd. South Korea Consumer Staples 6,736 197,084
Honma Golf, Ltd. Japan Consumer Discretionary 169,000 194,639
Great Tree Pharmacy Co., Ltd. Taiwan Consumer Staples 98,015 192,031
Saigon Cargo Service Corp. Vietnam Industrials 30,690 190,531
SITC International Holdings Co., Ltd. China/Hong Kong Industrials 201,000 189,404
Wise Talent Information Technology Co., Ltd. China/Hong Kong Communication Services 50,400 186,623
Bursa Malaysia BHD Malaysia Financials 112,100 185,464
TOA Paint Thailand Public Co., Ltd. Thailand Materials 181,200 185,048
FPT Digital Retail JSC Vietnam Consumer Discretionary 59,300 183,819
D&O Green Technologies BHD Malaysia Information Technology 1,058,300 183,250
Advanced Ceramic X Corp. Taiwan Information Technology 22,000 177,842
ITEQ Corp. Taiwan Information Technology 108,000 177,246
PT BFI Finance Indonesia Indonesia Financials 3,796,500 175,568
China Yuhua Education Corp., Ltd. China/Hong Kong Consumer Discretionary 428,000 174,055
Gabriel India, Ltd. India Consumer Discretionary 84,346 171,381
Natco Pharma, Ltd. India Health Care 17,585 171,293
Kingdee International Software Group Co., Ltd. China/Hong Kong Information Technology 189,000 166,869
Syngene International, Ltd. India Health Care 20,681 165,943
BeiGene, Ltd. China/Hong Kong Health Care 14,882 159,806
Microport Scientific Corp. China/Hong Kong Health Care 161,000 158,274
PT Arwana Citramulia Indonesia Industrials 5,372,900 157,334
OZ Minerals, Ltd. Australia Materials 25,238 156,759
TK Group Holdings, Ltd. China/Hong Kong Industrials 288,000 156,653
Value Added Technology Co., Ltd. South Korea Health Care 7,792 151,301
Humanica Public Co., Ltd. Thailand Information Technology 524,000 150,607
HIM International Music, Inc. Taiwan Communication Services 52,400 147,514
Delfi, Ltd. Singapore Consumer Staples 145,100 141,477
Tongyang Pile, Inc. South Korea Materials 30,551 137,723
Incross Co., Ltd. South Korea Communication Services 9,619 136,870
Nam Long Investment Corp. Vietnam Real Estate 117,690 131,767
Rich Sport Public Co., Ltd. Thailand Consumer Discretionary 1,145,400 131,684
Taiwan Paiho, Ltd. Taiwan Consumer Discretionary 81,000 131,068
Galaxy Surfactants, Ltd. India Materials 7,430 130,380
Knowles Corp. United States Information Technology 9,300 125,832
Ho Chi Minh City Securities Corp. Vietnam Financials 59,100 119,372
AP Thailand Public Co., Ltd. Thailand Real Estate 627,600 116,556
Huifu Payment, Ltd. China/Hong Kong Information Technology 275,200 113,498
Hy-Lok Corp. South Korea Industrials 7,195 106,074
CKD Corp. Japan Industrials 12,100 103,081
Bilibili, Inc. ADR China/Hong Kong Communication Services 7,000 102,428
Kuobrothers Corp. Taiwan Consumer Discretionary 63,000 102,082
Genscript Biotech Corp. China/Hong Kong Health Care 62,000 83,588
Baozun, Inc. ADR China/Hong Kong Consumer Discretionary 2,600 80,748
China Aviation Oil Singapore Corp., Ltd. China/Hong Kong Energy 83,600 65,159
Karex BHD Malaysia Consumer Staples 455,825 51,866
DCB Bank, Ltd. India Financials 20,741 50,282
Net Cash United States 1,011,584 1,011,584

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.