Matthews Asian Growth and Income Fund

Portfolio Holdings: 3/31/2018

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
AIA Group, Ltd. China/Hong Kong Financials 9,903,800 84,664,401
United Overseas Bank, Ltd. Singapore Financials 3,665,200 77,123,945
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 9,049,187 76,648,432
Singapore Telecommunications, Ltd. Singapore Telecom Services 24,329,100 62,834,765
Singapore Technologies Engineering, Ltd. Singapore Industrials 21,623,025 59,483,084
Samsung Electronics Co., Ltd. South Korea Information Technology 23,154 54,098,772
Guangdong Investment, Ltd. China/Hong Kong Utilities 32,744,000 51,875,230
Broadcom, Ltd. United States Information Technology 220,100 51,866,565
CapitaLand, Ltd., Cnv., 1.950%, 10/17/2023 Singapore Real Estate 66,750,000 51,864,060
CK Hutchison Holdings, Ltd. China/Hong Kong Industrials 4,115,672 49,450,914
Kao Corp. Japan Consumer Staples 658,100 49,405,866
Jardine Matheson Holdings, Ltd. China/Hong Kong Industrials 781,400 48,154,803
HSBC Holdings PLC ADR China/Hong Kong Financials 1,006,833 47,995,729
Coway Co., Ltd. South Korea Consumer Discretionary 560,814 46,429,969
Ascendas, REIT Singapore Real Estate 22,874,000 46,074,428
Advantech Co., Ltd. Taiwan Information Technology 6,367,000 46,043,405
Hengan International Group Co., Ltd., Cnv., 0.000%, 06/27/2018 China/Hong Kong Consumer Staples 339,000,000 45,462,625
Vietnam Dairy Products JSC Vietnam Consumer Staples 4,920,211 44,780,262
Telenor ASA Norway Telecom Services 1,968,092 44,756,638
Bharti Infratel, Ltd. India Telecom Services 8,473,114 44,016,678
Japan Tobacco, Inc. Japan Consumer Staples 1,528,200 43,656,113
Bank of the Philippine Islands Philippines Financials 19,184,870 43,218,413
PT Matahari Department Store Indonesia Consumer Discretionary 54,091,500 43,205,731
PT Bank Rakyat Indonesia Persero Indonesia Financials 162,467,600 42,637,931
Johnson Electric Holdings, Ltd., Cnv., 1.000%, 04/02/2021 China/Hong Kong Industrials 38,500,000 42,350,000
Bangkok Dusit Medical Services Public Co., Ltd., Cnv., 0.000%, 09/18/2019 Thailand Health Care 1,163,000,000 41,794,731
CLP Holdings, Ltd. China/Hong Kong Utilities 4,081,700 41,617,051
Techtronic Industries Co., Ltd. China/Hong Kong Consumer Discretionary 7,072,000 41,506,212
China Mobile, Ltd. ADR China/Hong Kong Telecom Services 904,900 41,399,175
NetEase, Inc. ADR China/Hong Kong Information Technology 146,000 40,936,940
HKT Trust & HKT, Ltd. China/Hong Kong Telecom Services 32,395,000 40,843,106
LG Household & Health Care, Ltd., Pfd. South Korea Consumer Staples 61,595 40,701,534
Brambles, Ltd. Australia Industrials 5,238,566 40,430,500
Housing Development Finance Corp., Ltd. India Financials 1,430,009 40,280,657
ING Life Insurance Korea, Ltd. South Korea Financials 946,537 39,982,454
Pacific Textiles Holdings, Ltd. China/Hong Kong Consumer Discretionary 41,291,000 39,611,205
Macquarie Group, Ltd. Australia Financials 492,819 39,295,946
CSL, Ltd. Australia Health Care 325,289 39,190,328
Taiwan Secom Co., Ltd. Taiwan Industrials 12,339,000 38,171,491
KDDI Corp. Japan Telecom Services 1,480,800 38,137,164
Kasikornbank Public Co., Ltd. Thailand Financials 5,555,800 37,807,995
CK Asset Holdings, Ltd. China/Hong Kong Real Estate 4,400,172 37,133,371
SKYCITY Entertainment Group, Ltd. New Zealand Consumer Discretionary 12,980,494 36,701,561
Domino's Pizza Enterprises, Ltd. Australia Consumer Discretionary 1,124,361 36,229,505
Jiangsu Expressway Co., Ltd. H Shares China/Hong Kong Industrials 25,502,000 36,207,037
Hang Lung Properties, Ltd. China/Hong Kong Real Estate 15,220,920 35,723,885
Zhejiang Supor Cookware Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 5,689,670 35,701,146
Genting Malaysia BHD Malaysia Consumer Discretionary 28,380,000 35,667,269
PT Telekomunikasi Indonesia Persero ADR Indonesia Telecom Services 1,329,800 35,133,316
VTech Holdings, Ltd. China/Hong Kong Information Technology 2,704,000 34,314,231
KT&G Corp. South Korea Consumer Staples 358,010 33,676,146
KEPCO Plant Service & Engineering Co., Ltd. South Korea Industrials 785,851 33,604,868
Hyundai Motor Co., Ltd., Pfd. South Korea Consumer Discretionary 355,983 28,878,387
Café de Coral Holdings, Ltd. China/Hong Kong Consumer Discretionary 10,968,000 27,440,655
SIA Engineering Co., Ltd. Singapore Industrials 10,462,300 25,416,818
Kangwon Land, Inc. South Korea Consumer Discretionary 952,880 24,427,931
Haitian International Holdings, Ltd., Cnv., 2.000%, 02/13/2019 China/Hong Kong Industrials 21,500,000 24,026,250
British American Tobacco Malaysia BHD Malaysia Consumer Staples 3,368,700 22,926,942
Macquarie Korea Infrastructure Fund South Korea Financials 1,974,876 16,285,918
Glow Energy Public Co., Ltd. Thailand Utilities 5,826,600 15,875,618
Net Cash n.a. 21,800,229


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