Matthews Asia ex Japan Dividend Fund

Portfolio Holdings: 30 June 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
China Petroleum & Chemical Corp. H Shares China/Hong Kong Energy 768,000 684,357
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 89,000 631,618
Postal Savings Bank of China Co., Ltd. H Shares China/Hong Kong Financials 922,000 600,979
Saigon Cargo Service Corp. Vietnam Industrials 64,940 521,613
HKBN, Ltd. China/Hong Kong Telecom Services 320,500 493,445
China Construction Bank Corp. H Shares China/Hong Kong Financials 536,000 493,410
Hua Hong Semiconductor, Ltd. China/Hong Kong Information Technology 139,000 476,266
China Mobile, Ltd. China/Hong Kong Telecom Services 52,000 461,530
United Overseas Bank, Ltd. Singapore Financials 23,400 458,587
Nam Long Investment Corp. Vietnam Real Estate 357,050 435,474
HSBC Holdings PLC China/Hong Kong Financials 44,400 415,923
Minth Group, Ltd. China/Hong Kong Consumer Discretionary 98,000 412,906
Keppel DC, REIT Singapore Real Estate 402,600 401,537
Koh Young Technology, Inc. South Korea Information Technology 4,329 396,133
GrameenPhone, Ltd. Bangladesh Telecom Services 83,290 387,018
LEENO Industrial, Inc. South Korea Information Technology 6,829 386,027
Shanghai Baosight Software Co., Ltd. B Shares China/Hong Kong Information Technology 203,463 385,562
Fanhua, Inc. ADR China/Hong Kong Financials 13,400 377,447
Sun Art Retail Group, Ltd. China/Hong Kong Consumer Staples 279,500 365,488
China Steel Chemical Corp. Taiwan Materials 74,000 361,503
APAC Realty, Ltd. Singapore Real Estate 586,400 356,932
BGF Retail Co., Ltd. South Korea Consumer Staples 2,019 353,257
TICON Freehold & Leasehold, TREIT Thailand Real Estate 1,054,100 353,170
Thien Long Group Corp. Vietnam Industrials 81,443 349,079
Guangdong Provincial Expressway Development Co., Ltd. B Shares China/Hong Kong Industrials 438,656 346,746
Shanghai Jin Jiang International Hotels Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 852,000 344,444
Minda Industries, Ltd. India Consumer Discretionary 18,659 344,313
Saigon Beer Alcohol Beverage Corp. Vietnam Consumer Staples 34,540 339,269
Hyundai Mobis Co., Ltd. South Korea Consumer Discretionary 1,783 339,162
SITC International Holdings Co., Ltd. China/Hong Kong Industrials 304,000 339,020
BBI Life Sciences Corp. China/Hong Kong Health Care 847,500 338,964
SUNeVision Holdings, Ltd. China/Hong Kong Information Technology 565,000 334,637
Huaneng Power International, Inc. H Shares China/Hong Kong Utilities 506,000 334,464
Yuexiu Transport Infrastructure, Ltd. China/Hong Kong Industrials 458,000 333,891
Vietnam Dairy Products JSC Vietnam Consumer Staples 44,868 332,247
China Resources Power Holdings Co., Ltd. China/Hong Kong Utilities 188,000 330,411
Tianjin Zhongxin Pharmaceutical Group Corp., Ltd. S Shares China/Hong Kong Health Care 314,400 329,231
China Aviation Oil Singapore Corp., Ltd. China/Hong Kong Energy 302,100 327,043
Samsung Electronics Co., Ltd., Pfd. South Korea Information Technology 9,550 322,369
Samsung Fire & Marine Insurance Co., Ltd., Pfd. South Korea Financials 1,934 316,666
TOA Paint Thailand Public Co., Ltd. Thailand Materials 274,600 314,965
Hyundai Motor Co., Ltd., Pfd. South Korea Consumer Discretionary 4,261 314,593
Chongqing Brewery Co., Ltd. A Shares China/Hong Kong Consumer Staples 72,400 302,343
Vinh Hoan Corp. Vietnam Consumer Staples 116,470 297,802
Nan Liu Enterprise Co., Ltd. Taiwan Consumer Discretionary 52,000 295,062
Crystal International Group, Ltd. China/Hong Kong Consumer Discretionary 423,000 294,898
PT United Tractors Indonesia Energy 120,900 266,604
Fuyao Glass Industry Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 66,900 259,882
Lock&Lock Co., Ltd. South Korea Materials 12,993 258,792
S-1 Corp. South Korea Industrials 2,871 249,361
Bharti Infratel, Ltd. India Telecom Services 56,471 247,717
ITC, Ltd. India Consumer Staples 63,280 245,861
Tehmag Foods Corp. Taiwan Consumer Staples 35,400 242,669
Shanghai Mechanical and Electrical Industry Co., Ltd. B Shares China/Hong Kong Industrials 131,538 241,213
Yonwoo Co., Ltd. South Korea Materials 9,854 236,833
Sunonwealth Electric Machine Industry Co., Ltd. Taiwan Industrials 162,000 229,457
LG Chem, Ltd., Pfd. South Korea Materials 1,253 226,497
Samsonite International S.A. China/Hong Kong Consumer Discretionary 63,900 225,999
NetEase, Inc. ADR China/Hong Kong Information Technology 900 222,838
Thai Beverage Public Co., Ltd. Thailand Consumer Staples 408,100 215,483
Mobile World Investment Corp. Vietnam Consumer Discretionary 29,440 146,190
PT Cikarang Listrindo Indonesia Utilities 1,326,600 109,239
Net Cash United States 1,429,073 1,429,073


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.