Matthews Japan Fund

Portfolio Holdings: 31 March 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 Sector Shares Value
Keyence Corp. Information Technology 11,000 6,787,563
Nitori Holdings Co., Ltd. Consumer Discretionary 36,200 6,300,644
Mitsubishi UFJ Financial Group, Inc. Financials 927,500 6,092,352
Suzuki Motor Corp. Consumer Discretionary 106,900 5,743,282
Asahi Intecc Co., Ltd. Health Care 142,800 5,709,270
Nidec Corp. Industrials 36,300 5,515,186
Sysmex Corp. Health Care 56,100 5,048,633
Kao Corp. Consumer Staples 66,100 4,940,393
Kose Corp. Consumer Staples 23,500 4,892,968
M3, Inc. Health Care 107,300 4,878,429
Relo Group, Inc. Real Estate 174,700 4,828,239
Persol Holdings Co., Ltd. Industrials 159,000 4,570,610
Mitsui & Co., Ltd. Industrials 263,400 4,489,756
SoftBank Group Corp. Telecom Services 60,100 4,431,273
Sumitomo Mitsui Financial Group, Inc. Financials 104,200 4,373,523
Tokio Marine Holdings, Inc. Financials 96,100 4,324,334
Recruit Holdings Co., Ltd. Industrials 166,500 4,122,087
TechnoPro Holdings, Inc. Industrials 68,600 4,109,643
Daikin Industries, Ltd. Industrials 37,300 4,095,434
Otsuka Corp. Information Technology 79,000 3,989,306
Nihon M&A Center, Inc. Industrials 115,400 3,955,309
Shimadzu Corp. Information Technology 134,100 3,657,400
Kyowa Exeo Corp. Industrials 134,900 3,569,060
PeptiDream, Inc. Health Care 63,600 3,456,339
Denso Corp. Consumer Discretionary 63,000 3,433,807
ITOCHU Techno-Solutions Corp. Information Technology 167,000 3,420,196
Shin-Etsu Chemical Co., Ltd. Materials 33,100 3,398,813
Start Today Co., Ltd. Consumer Discretionary 131,500 3,387,223
ORIX Corp. Financials 190,400 3,373,775
Mabuchi Motor Co., Ltd. Industrials 67,400 3,318,779
Murata Manufacturing Co., Ltd. Information Technology 24,200 3,305,977
Ryohin Keikaku Co., Ltd. Consumer Discretionary 9,900 3,277,538
Rohm Co., Ltd. Information Technology 35,000 3,272,574
Dai-ichi Life Holdings, Inc. Financials 177,200 3,255,424
Pigeon Corp. Consumer Staples 71,600 3,213,712
San-A Co., Ltd. Consumer Staples 55,600 3,196,501
Nifco, Inc. Consumer Discretionary 94,200 3,147,483
MINEBEA MITSUMI, Inc. Industrials 148,200 3,139,642
Ariake Japan Co., Ltd. Consumer Staples 38,500 3,062,140
Infomart Corp. Information Technology 299,200 3,008,833
Lasertec Corp. Information Technology 83,800 3,002,508
Tsuruha Holdings, Inc. Consumer Staples 20,800 2,977,075
Seria Co., Ltd. Consumer Discretionary 58,200 2,861,936
Nitto Denko Corp. Materials 37,800 2,823,513
Japan Tobacco, Inc. Consumer Staples 96,800 2,761,930
Hitachi, Ltd. Information Technology 377,000 2,713,185
Square Enix Holdings Co., Ltd. Information Technology 58,700 2,625,579
Japan Lifeline Co., Ltd. Health Care 92,600 2,615,531
CKD Corp. Industrials 119,200 2,558,055
Komatsu, Ltd. Industrials 76,100 2,519,116
Aica Kogyo Co., Ltd. Industrials 62,400 2,274,917
MISUMI Group, Inc. Industrials 82,600 2,260,269
Sanwa Holdings Corp. Industrials 176,400 2,246,915
SMC Corp. Industrials 5,500 2,209,027
JINS, Inc. Consumer Discretionary 38,100 2,088,396
Outsourcing, Inc. Industrials 120,800 2,081,380
Fuso Chemical Co., Ltd. Materials 80,800 2,061,683
Harmonic Drive Systems, Inc. Industrials 30,700 1,704,869
Net Cash 10,519,259 10,519,259


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.