Matthews Asia ex Japan Dividend 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 Country Sector Shares Value
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 89,000 750,787
Postal Savings Bank of China Co., Ltd. H Shares China/Hong Kong Financials 922,000 579,530
China Construction Bank Corp. H Shares China/Hong Kong Financials 536,000 551,049
China Petroleum & Chemical Corp. H Shares China/Hong Kong Energy 576,000 505,678
APAC Realty, Ltd. Singapore Real Estate 525,500 489,039
China Mobile, Ltd. China/Hong Kong Telecom Services 52,000 477,103
United Overseas Bank, Ltd. Singapore Financials 22,200 465,523
GrameenPhone, Ltd. Bangladesh Telecom Services 83,290 462,583
Minth Group, Ltd. China/Hong Kong Consumer Discretionary 98,000 446,929
Hyundai Mobis Co., Ltd. South Korea Consumer Discretionary 1,783 426,069
HSBC Holdings PLC China/Hong Kong Financials 44,400 418,796
Koh Young Technology, Inc. South Korea Information Technology 4,329 407,832
Ping An Insurance Group Co. of China, Ltd. H Shares China/Hong Kong Financials 39,500 402,145
Crystal International Group, Ltd. China/Hong Kong Consumer Discretionary 394,500 397,609
Guangdong Provincial Expressway Development Co., Ltd. B Shares China/Hong Kong Industrials 438,656 382,970
LEENO Industrial, Inc. South Korea Information Technology 6,829 382,970
China Steel Chemical Corp. Taiwan Materials 72,000 377,716
Fanhua, Inc. ADR China/Hong Kong Financials 13,400 370,826
TICON Freehold & Leasehold, TREIT Thailand Real Estate 1,054,100 367,746
Nam Long Investment Corp. Vietnam Real Estate 230,350 366,589
Samsung Electronics Co., Ltd., Pfd. South Korea Information Technology 191 364,672
Shanghai Jin Jiang International Hotels Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 852,000 348,830
Vinh Hoan Corp. Vietnam Consumer Staples 116,470 345,180
Samsung Fire & Marine Insurance Co., Ltd., Pfd. South Korea Financials 1,934 332,195
Sun Art Retail Group, Ltd. China/Hong Kong Consumer Staples 279,500 325,151
Minda Industries, Ltd. India Consumer Discretionary 18,659 305,139
TOA Paint Thailand Public Co., Ltd. Thailand Materials 246,500 303,494
Shanghai Baosight Software Co., Ltd. B Shares China/Hong Kong Information Technology 166,263 299,107
Lock&Lock Co., Ltd. South Korea Materials 12,993 292,532
Hangzhou Hikvision Digital Technology Co., Ltd. A Shares China/Hong Kong Information Technology 43,500 287,863
China Aviation Oil Singapore Corp., Ltd. China/Hong Kong Energy 240,000 287,408
Nan Liu Enterprise Co., Ltd. Taiwan Consumer Discretionary 52,000 284,460
PT United Tractors Indonesia Energy 120,900 281,221
BBI Life Sciences Corp. China/Hong Kong Health Care 658,500 281,082
Tehmag Foods Corp. Taiwan Consumer Staples 35,400 278,045
Hua Hong Semiconductor, Ltd. China/Hong Kong Information Technology 139,000 275,542
Thien Long Group Corp. Vietnam Industrials 62,223 273,613
Shanghai Mechanical and Electrical Industry Co., Ltd. B Shares China/Hong Kong Industrials 131,538 272,828
Yonwoo Co., Ltd. South Korea Materials 9,854 270,272
Woori Bank South Korea Financials 19,812 268,368
SITC International Holdings Co., Ltd. China/Hong Kong Industrials 266,000 264,368
S-1 Corp. South Korea Industrials 2,871 259,087
Fuyao Glass Industry Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 66,900 255,842
LG Chem, Ltd., Pfd. South Korea Materials 1,253 253,908
Sunonwealth Electric Machine Industry Co., Ltd. Taiwan Industrials 162,000 251,761
NetEase, Inc. ADR China/Hong Kong Information Technology 900 249,219
ITC, Ltd. India Consumer Staples 63,280 247,894
Thai Beverage Public Co., Ltd. Thailand Consumer Staples 408,100 242,766
Bharti Infratel, Ltd. India Telecom Services 41,776 215,312
A-Living Services Co., Ltd. H Shares China/Hong Kong Industrials 138,500 201,534
BGF Retail Co., Ltd. South Korea Consumer Staples 1,241 177,552
Saigon Cargo Service Corp. Vietnam Industrials 22,000 170,815
Mobile World Investment Corp. Vietnam Consumer Discretionary 29,440 145,977
Vietnam Dairy Products JSC Vietnam Consumer Staples 14,948 135,656
PT Cikarang Listrindo Indonesia Utilities 1,326,600 110,811
Nam Long Investment Corp. Rights, expires 3/30/2018 Vietnam Real Estate 155,120 24,890
Binh Minh Plastics, JSC Vietnam Industrials 8 25
Net Cash United States 889,366 889,366


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.