Matthews Asia Strategic Income Fund

Portfolio Holdings: 31 March 2018

Security Currency Country Sector Quantity Value
Malaysia Government Investment Issue, 3.508%, 05/15/2018 Malaysian Ringgit Malaysia Foreign Government Bonds 2,700,000 698,210
Malaysia Government Investment Issue, 3.226%, 04/15/2020 Malaysian Ringgit Malaysia Foreign Government Bonds 2,400,000 615,822
Delta Investment Horizon International, Ltd., Cnv., 3.000%, 05/26/2020 U.S. Dollar Indonesia Telecom Services 600,000 600,000
Debt and Asset Trading Corp., 1.000%, 10/10/2025 U.S. Dollar Vietnam Financials 800,000 561,984
Indonesia Treasury Bond, 7.000%, 05/15/2027 Indonesian Rupiah Indonesia Foreign Government Bonds 7,000,000,000 518,155
Wanda Properties International Co., Ltd., 7.250%, 01/29/2024 U.S. Dollar China/Hong Kong Real Estate 500,000 508,200
Standard Chartered PLC, 6.500%, 12/29/2049 U.S. Dollar China/Hong Kong Financials 500,000 508,125
CP Foods Holdings, Ltd., Cnv., 0.500%, 09/22/2021 U.S. Dollar Thailand Consumer Staples 400,000 503,248
Theta Capital Pte, Ltd., 6.750%, 10/31/2026 U.S. Dollar Indonesia Real Estate 500,000 455,665
State Grid Corp. of China, 3.150%, 11/14/2021 Chinese Renminbi China/Hong Kong Utilities 3,000,000 448,910
Harvest International Co., Cnv., 0.000%, 11/21/2022 Hong Kong Dollar China/Hong Kong Consumer Discretionary 3,000,000 412,003
DFCC Bank PLC, 9.625%, 10/31/2018 U.S. Dollar Sri Lanka Financials 400,000 409,252
Housing Development Finance Corp., 8.900%, 08/18/2020 Indian Rupee India Financials 25,000,000 390,629
Indonesia Treasury Bond, 8.375%, 03/15/2024 Indonesian Rupiah Indonesia Foreign Government Bonds 4,500,000,000 356,633
China Hongqiao Group, Ltd., 6.875%, 05/03/2018 U.S. Dollar China/Hong Kong Materials 350,000 348,688
Socialist Republic of Vietnam, 5.200%, 01/12/2022 Vietnam Foreign Government Bonds 7,000,000,000 329,995
SoftBank Group Corp., 6.000%, 07/19/2049 U.S. Dollar Japan Telecom Services 350,000 329,875
Ctrip.com International, Ltd., Cnv., 1.250%, 09/15/2022 U.S. Dollar China/Hong Kong Consumer Discretionary 300,000 311,865
Indonesia Treasury Bond, 7.875%, 04/15/2019 Indonesian Rupiah Indonesia Foreign Government Bonds 4,000,000,000 298,122
Tsinghua Unic Ltd., 4.750%, 01/31/2021 U.S. Dollar China/Hong Kong Industrials 300,000 296,166
Korea Treasury Bond, 3.500%, 03/10/2024 Korean Won South Korea Foreign Government Bonds 300,000,000 295,761
Modernland Overseas Pte, Ltd., 6.950%, 04/13/2024 U.S. Dollar Indonesia Real Estate 300,000 294,000
Sprint Communications, Inc., 6.000%, 11/15/2022 U.S. Dollar United States Telecom Services 296,000 290,820
Vipshop Holdings, Ltd., 1.500%, 03/15/2019 U.S. Dollar China/Hong Kong Consumer Discretionary 250,000 266,653
Alam Synergy Pte, Ltd., 6.950%, 03/27/2020 U.S. Dollar Indonesia Real Estate 250,000 250,313
Housing Development Finance Corp., Ltd., 9.240%, 06/24/2024 Indian Rupee India Financials 10,000,000 160,898
China Government Bond, 3.550%, 12/12/2021 Chinese Renminbi China/Hong Kong Foreign Government Bonds 1,000,000 155,423
Power Finance Corp., Ltd., 7.470%, 09/16/2021 Indian Rupee India Financials 10,000,000 152,677
LIC Housing Finance, Ltd., 7.830%, 09/25/2026 Indian Rupee India Financials 10,000,000 148,926
Currency Contracts, Thai Baht on 4/12/2018 @ 32.00 Thai Baht Thailand 24,000,000 17,731
Currency Contracts, Chinese Renminbi on 6/19/2018 @ 6.362 Chinese Renminbi China/Hong Kong 6,362,000 8,808
Currency Contracts, Korean Won on 6/15/2018 @ 1061.90 Korean Won South Korea 1,061,900,000 240
Currency Contracts, Korean Won on 4/9/2018 @ 1063.85 Korean Won South Korea -530,600,000 17
Currency Contracts, Korean Won on 4/9/2018 @ 1061.20 Korean Won South Korea 530,600,000 -1,262
Currency Contracts, Korean Won on 6/15/2018 @ 1068.80 Korean Won South Korea -525,000,000 -3,311
Currency Contracts, Singapore Dollar on 4/26/2018 @ 1.30525 Singapore Dollar Singapore 1,305,250 -4,285
Net Cash U.S. Dollar United States 447,298 447,298


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.