Matthews Asian Growth and Income Fund

Portfolio Holdings: 6/30/2018

Security Country Sector Shares Value
AIA Group, Ltd. China/Hong Kong Financials 9,066,200 78,979,398
United Overseas Bank, Ltd. Singapore Financials 3,343,300 65,524,445
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 9,049,187 64,258,994
Broadcom, Inc. United States Information Technology 201,300 48,843,432
Jardine Matheson Holdings, Ltd. China/Hong Kong Industrials 696,200 43,869,811
Samsung Electronics Co., Ltd. South Korea Information Technology 1,029,900 43,142,081
CK Hutchison Holdings, Ltd. China/Hong Kong Industrials 4,032,672 42,689,958
Advantech Co., Ltd. Taiwan Information Technology 6,367,000 41,926,113
Johnson Electric Holdings, Ltd., Cnv., 1.000%, 04/02/2021 China/Hong Kong Industrials 38,500,000 41,050,625
CapitaLand, Ltd., Cnv., 1.950%, 10/17/2023 Singapore Real Estate 56,000,000 40,741,284
Singapore Technologies Engineering, Ltd. Singapore Industrials 16,838,825 40,588,848
Ascendas, REIT Singapore Real Estate 20,899,000 40,471,799
Guangdong Investment, Ltd. China/Hong Kong Utilities 25,532,000 40,407,849
Singapore Telecommunications, Ltd. Singapore Telecom Services 17,836,400 40,270,978
Housing Development Finance Corp., Ltd. India Financials 1,430,009 39,846,603
Techtronic Industries Co., Ltd. China/Hong Kong Consumer Discretionary 7,072,000 39,277,130
HSBC Holdings PLC ADR China/Hong Kong Financials 829,133 39,085,330
HKT Trust & HKT, Ltd. China/Hong Kong Telecom Services 29,965,000 38,223,777
China Mobile, Ltd. ADR China/Hong Kong Telecom Services 831,500 36,910,285
NetEase, Inc. ADR China/Hong Kong Information Technology 146,000 36,889,820
CLP Holdings, Ltd. China/Hong Kong Utilities 3,392,200 36,538,710
Coway Co., Ltd. South Korea Consumer Discretionary 468,779 36,425,537
LG Household & Health Care, Ltd., Pfd. South Korea Consumer Staples 55,428 36,315,895
Vietnam Dairy Products JSC Vietnam Consumer Staples 4,920,211 36,290,620
Bank of the Philippine Islands Philippines Financials 21,614,124 35,859,320
ING Life Insurance Korea, Ltd. South Korea Financials 946,537 35,535,126
SKYCITY Entertainment Group, Ltd. New Zealand Consumer Discretionary 12,980,494 35,488,044
Japan Tobacco, Inc. Japan Consumer Staples 1,247,700 34,868,745
PT Telekomunikasi Indonesia Persero ADR Indonesia Telecom Services 1,329,800 34,588,098
KT&G Corp. South Korea Consumer Staples 358,010 34,399,364
KDDI Corp. Japan Telecom Services 1,255,800 34,339,740
Genting Malaysia BHD Malaysia Consumer Discretionary 28,380,000 34,270,274
Kao Corp. Japan Consumer Staples 449,500 34,261,600
Bharti Infratel, Ltd. India Telecom Services 7,776,743 34,175,281
China Overseas Finance Investment Cayman V, Ltd., Cnv., 0.000%, 01/05/2023 China/Hong Kong Real Estate 32,600,000 34,148,500
Zhejiang Supor Cookware Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 4,362,370 33,765,565
Macquarie Group, Ltd. Australia Financials 369,240 33,651,150
Telenor ASA Norway Telecom Services 1,629,213 33,367,099
Taiwan Secom Co., Ltd. Taiwan Industrials 11,131,000 32,706,003
Kasikornbank Public Co., Ltd. Thailand Financials 5,555,800 32,503,194
PT Bank Rakyat Indonesia Persero Indonesia Financials 162,467,600 32,134,619
Domino's Pizza Enterprises, Ltd. Australia Consumer Discretionary 832,006 32,132,553
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares China/Hong Kong Consumer Staples 7,522,575 31,531,453
Hang Lung Properties, Ltd. China/Hong Kong Real Estate 15,220,920 31,264,910
VTech Holdings, Ltd. China/Hong Kong Information Technology 2,704,000 31,165,875
Minth Group, Ltd. China/Hong Kong Consumer Discretionary 7,338,000 31,037,623
Jiangsu Expressway Co., Ltd. H Shares China/Hong Kong Industrials 25,502,000 30,367,364
CK Asset Holdings, Ltd. China/Hong Kong Real Estate 3,725,172 29,489,626
PT Matahari Department Store Indonesia Consumer Discretionary 47,646,100 29,181,084
Macquarie Korea Infrastructure Fund South Korea Financials 3,611,141 29,031,694
Pacific Textiles Holdings, Ltd. China/Hong Kong Consumer Discretionary 33,267,000 28,250,839
Zhongsheng Group Holdings, Ltd., Cnv., 0.000%, 05/23/2023 China/Hong Kong Consumer Discretionary 219,000,000 27,809,059
LG Chem, Ltd., Cnv., 0.000%, 04/16/2021 South Korea Materials 27,600,000 27,358,500
Harvest International Co., Cnv., 0.000%, 11/21/2022 China/Hong Kong Consumer Discretionary 177,000,000 23,716,637
Café de Coral Holdings, Ltd. China/Hong Kong Consumer Discretionary 9,730,000 23,534,826
Bangkok Dusit Medical Services Public Co., Ltd., Cnv., 0.000%, 09/18/2019 Thailand Health Care 633,000,000 22,736,794
Kangwon Land, Inc. South Korea Consumer Discretionary 952,880 22,360,542
Haitian International Holdings, Ltd., Cnv., 2.000%, 02/13/2019 China/Hong Kong Industrials 21,500,000 21,311,875
SIA Engineering Co., Ltd. Singapore Industrials 3,366,200 7,752,572
Lotte Shopping Co., Ltd., Cnv., 0.000%, 04/04/2023 South Korea Consumer Discretionary 7,200,000,000 6,613,728
KEPCO Plant Service & Engineering Co., Ltd. South Korea Industrials 206,351 6,600,243
Net Cash n.a. 70,366,159


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.

Unlike the Fund’s regulatory filings, the portfolio data and its presentation in this document are not required to conform to Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) presentation requirements. Therefore, it differs from that in the complete statement of investments in the annual and semiannual report to shareholders filed with the SEC on Form N-CSR, and the complete statement of investments provided in the first and third quarter SEC Form N-Q filings for each fiscal year.

You should carefully consider the investment objectives, risks, charges and expenses of the Matthews Asia Funds before making an investment decision. A prospectus with this and other information about the Funds may be obtained by visiting matthewsasia.com. Please read the prospectus carefully before investing as it explains the risks associated with investing in international and emerging markets. 

Matthews Asia Funds are distributed in the United States by Foreside Funds Distributors LLC
Matthews Asia Funds are distributed in Latin America by HMC Partners