Matthews Asia Focus Fund

Portfolio Holdings: 31 December 2018

Security Country Sector Shares Value
AIA Group, Ltd. China/Hong Kong Financials 7,400 61,513
Tencent Holdings, Ltd. China/Hong Kong Communication Services 1,500 60,236
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 6,000 44,332
PT Bank Rakyat Indonesia Persero Indonesia Financials 138,800 35,472
Singapore Technologies Engineering, Ltd. Singapore Industrials 13,700 35,166
Jardine Matheson Holdings, Ltd. China/Hong Kong Industrials 500 34,790
Housing Development Finance Corp., Ltd. India Financials 1,233 34,763
Singapore Telecommunications, Ltd. Singapore Communication Services 14,000 30,160
CK Hutchison Holdings, Ltd. China/Hong Kong Industrials 3,052 29,316
Bank of the Philippine Islands Philippines Financials 16,347 29,222
China Mobile, Ltd. China/Hong Kong Communication Services 3,000 28,913
Coway Co., Ltd. South Korea Consumer Discretionary 435 28,888
Bharti Infratel, Ltd. India Communication Services 7,567 28,072
Kasikornbank Public Co., Ltd. Thailand Financials 4,900 28,041
Samsung Electronics Co., Ltd. South Korea Information Technology 800 27,883
Cie Financiere Richemont SA Switzerland Consumer Discretionary 428 27,375
China Overseas Property Holdings, Ltd. China/Hong Kong Real Estate 90,000 26,338
Xiabuxiabu Catering Management China Holdings Co., Ltd. China/Hong Kong Consumer Discretionary 16,500 26,002
Sheng Siong Group, Ltd. Singapore Consumer Staples 33,000 25,690
Broadcom, Inc. United States Information Technology 100 25,569
Cognizant Technology Solutions Corp. Class A United States Information Technology 400 25,315
United Overseas Bank, Ltd. Singapore Financials 1,400 25,290
JNBY Design, Ltd. China/Hong Kong Consumer Discretionary 17,500 24,599
Zhejiang Supor Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 3,200 24,499
NetEase, Inc. ADR China/Hong Kong Communication Services 100 24,049
Techtronic Industries Co., Ltd. China/Hong Kong Consumer Discretionary 4,500 23,998
Macquarie Group, Ltd. Australia Financials 305 23,395
HSBC Holdings PLC China/Hong Kong Financials 2,800 23,144
Prudential PLC United Kingdom Financials 1,212 21,760
Poya International Co., Ltd. Taiwan Consumer Discretionary 2,000 20,721
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. A Shares China/Hong Kong Consumer Staples 1,400 19,416
Johnson Electric Holdings, Ltd. China/Hong Kong Industrials 9,000 18,365
Genting Malaysia BHD Malaysia Consumer Discretionary 22,500 16,443
Ennoconn Corp. Taiwan Information Technology 2,000 16,009
Orange Life Insurance, Ltd. South Korea Financials 593 14,909
United Overseas Bank, Ltd. ADR Singapore Financials 300 10,864
Net Cash United States 11,069 11,069


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.