Matthews Asia ex Japan Dividend Fund

Portfolio Holdings: 30 September 2018

Security Country Sector Shares Value
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 157,000 1,346,858
China Petroleum & Chemical Corp. H Shares China/Hong Kong Energy 926,000 927,751
HKBN, Ltd. China/Hong Kong Telecom Services 529,000 907,220
Yuexiu Transport Infrastructure, Ltd. China/Hong Kong Industrials 1,078,000 855,490
China Mobile, Ltd. China/Hong Kong Telecom Services 83,500 823,198
TICON Freehold & Leasehold, TREIT Thailand Real Estate 2,190,800 799,364
Minth Group, Ltd. China/Hong Kong Consumer Discretionary 180,000 741,538
Vinh Hoan Corp. Vietnam Consumer Staples 176,900 721,174
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares China/Hong Kong Consumer Staples 186,492 695,815
BGF Retail Co., Ltd. South Korea Consumer Staples 3,672 680,276
Saigon Beer Alcohol Beverage Corp. Vietnam Consumer Staples 71,040 677,587
United Overseas Bank, Ltd. Singapore Financials 34,100 674,125
Globe Telecom, Inc. Philippines Telecom Services 16,435 668,447
China Steel Chemical Corp. Taiwan Materials 138,000 656,728
Nam Long Investment Corp. Vietnam Real Estate 469,240 655,759
Hrnetgroup, Ltd . Singapore Industrials 1,001,500 643,044
Thien Long Group Corp. Vietnam Industrials 200,247 642,095
Saigon Cargo Service Corp. Vietnam Industrials 94,220 614,333
Sun Art Retail Group, Ltd. China/Hong Kong Consumer Staples 450,500 585,776
SITC International Holdings Co., Ltd. China/Hong Kong Industrials 690,000 557,276
SUNeVision Holdings, Ltd. China/Hong Kong Information Technology 821,000 552,924
Beijing Capital International Airport Co., Ltd. H Shares China/Hong Kong Industrials 450,000 546,887
Nissin Foods Co., Ltd. China/Hong Kong Consumer Staples 1,141,000 533,668
LEENO Industrial, Inc. South Korea Information Technology 8,965 532,606
TOA Paint Thailand Public Co., Ltd. Thailand Materials 451,200 526,679
Fuyao Glass Industry Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 139,300 515,780
Koh Young Technology, Inc. South Korea Information Technology 5,229 513,826
Huaneng Power International, Inc. H Shares China/Hong Kong Utilities 780,000 512,822
China Resources Power Holdings Co., Ltd. China/Hong Kong Utilities 288,000 508,873
Tianjin Zhongxin Pharmaceutical Group Corp., Ltd. S Shares China/Hong Kong Health Care 517,400 507,052
Hyundai Mobis Co., Ltd. South Korea Consumer Discretionary 2,460 505,639
Crystal International Group, Ltd. China/Hong Kong Consumer Discretionary 767,000 503,806
Vietnam Dairy Products JSC Vietnam Consumer Staples 85,071 500,707
GrameenPhone, Ltd. Bangladesh Telecom Services 114,310 499,919
Samsung Fire & Marine Insurance Co., Ltd., Pfd. South Korea Financials 3,008 497,445
PT United Tractors Indonesia Energy 224,300 496,722
Hope Education Group Co., Ltd. China/Hong Kong Consumer Discretionary 3,050,000 495,003
BBI Life Sciences Corp. China/Hong Kong Health Care 1,363,500 490,687
Hyundai Motor Co., Ltd., Pfd. South Korea Consumer Discretionary 6,928 489,035
Precision Tsugami China Corp., Ltd. China/Hong Kong Industrials 560,000 488,792
Keppel DC, REIT Singapore Real Estate 488,000 488,606
ITC, Ltd. India Consumer Staples 118,939 488,538
China Aviation Oil Singapore Corp., Ltd. China/Hong Kong Energy 434,100 484,932
Nan Liu Enterprise Co., Ltd. Taiwan Consumer Discretionary 93,000 479,727
Minda Industries, Ltd. India Consumer Discretionary 96,775 471,526
Sunonwealth Electric Machine Industry Co., Ltd. Taiwan Industrials 330,000 470,992
Haidilao International Holding, Ltd. China/Hong Kong Consumer Discretionary 196,000 445,842
Shanghai Baosight Software Co., Ltd. B Shares China/Hong Kong Information Technology 203,463 370,154
Fanhua, Inc. ADR China/Hong Kong Financials 12,700 365,601
Hua Hong Semiconductor, Ltd. China/Hong Kong Information Technology 166,000 357,073
Thai Beverage Public Co., Ltd. Thailand Consumer Staples 693,300 344,547
Guangdong Provincial Expressway Development Co., Ltd. B Shares China/Hong Kong Industrials 438,656 344,222
Samsung Electronics Co., Ltd., Pfd. South Korea Information Technology 9,550 325,272
Chongqing Brewery Co., Ltd. A Shares China/Hong Kong Consumer Staples 72,400 307,358
Shanghai Jin Jiang International Hotels Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 954,000 267,875
APAC Realty, Ltd. Singapore Real Estate 586,400 233,566
Mobile World Investment Corp. Vietnam Consumer Discretionary 29,440 160,530
PT Cikarang Listrindo Indonesia Utilities 1,326,600 84,573
Net Cash United States 2,213,600 2,213,600


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.