Matthews Asia Focus Fund

Portfolio Holdings: 31 March 2018

Security Country Sector Shares Value
Tencent Holdings, Ltd. China/Hong Kong Information Technology 1,500 78,402
AIA Group, Ltd. China/Hong Kong Financials 8,800 74,453
Broadcom, Ltd. United States Information Technology 200 47,581
PT Matahari Department Store Indonesia Consumer Discretionary 59,800 47,562
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 5,000 42,179
Xiabuxiabu Catering Management China Holdings Co., Ltd. China/Hong Kong Consumer Discretionary 22,000 41,712
Samsung Electronics Co., Ltd. South Korea Information Technology 16 37,020
Jardine Matheson Holdings, Ltd. China/Hong Kong Industrials 600 36,972
CK Hutchison Holdings, Ltd. China/Hong Kong Industrials 3,052 36,533
Heineken Malaysia BHD Malaysia Consumer Staples 6,700 36,375
PT Bank Rakyat Indonesia Persero Indonesia Financials 138,800 36,297
Singapore Telecommunications, Ltd. Singapore Telecom Services 14,000 35,982
Coway Co., Ltd. South Korea Consumer Discretionary 435 35,832
Bharti Infratel, Ltd. India Telecom Services 6,916 35,645
Macquarie Group, Ltd. Australia Financials 439 34,940
Bank of the Philippine Islands Philippines Financials 15,230 34,465
Singapore Technologies Engineering, Ltd. Singapore Industrials 12,400 33,957
Cie Financiere Richemont SA Switzerland Consumer Discretionary 377 33,508
Kasikornbank Public Co., Ltd. Thailand Financials 4,900 33,220
Ennoconn Corp. Taiwan Information Technology 2,000 33,033
Housing Development Finance Corp., Ltd. India Financials 1,177 32,945
China Mobile, Ltd. China/Hong Kong Telecom Services 3,500 32,113
Japan Tobacco, Inc. Japan Consumer Staples 1,100 31,386
Zhejiang Supor Cookware Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 5,000 31,154
HSBC Holdings PLC China/Hong Kong Financials 3,200 30,183
Sheng Siong Group, Ltd. Singapore Consumer Staples 41,600 29,502
United Overseas Bank, Ltd. Singapore Financials 1,400 29,357
Genting Malaysia BHD Malaysia Consumer Discretionary 22,500 28,212
NetEase, Inc. ADR China/Hong Kong Information Technology 100 27,691
Hang Lung Group, Ltd. China/Hong Kong Real Estate 8,000 26,157
Tata Motors, Ltd. ADR India Consumer Discretionary 1,000 25,545
Techtronic Industries Co., Ltd. China/Hong Kong Consumer Discretionary 4,000 23,330
United Overseas Bank, Ltd. ADR Singapore Financials 300 12,378
Net Cash United States 7,657 7,657

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.