Matthews Asian Growth and Income Fund

Portfolio Holdings: 9/30/2018

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 9,049,187 77,221,563
AIA Group, Ltd. China/Hong Kong Financials 7,684,000 68,517,618
United Overseas Bank, Ltd. Singapore Financials 2,857,700 56,492,288
Broadcom, Inc. United States Information Technology 194,700 48,038,331
Samsung Electronics Co., Ltd. South Korea Information Technology 1,029,900 43,102,215
Techtronic Industries Co., Ltd. China/Hong Kong Consumer Discretionary 6,682,000 42,622,408
Johnson Electric Holdings, Ltd., Cnv., 1.000%, 04/02/2021 China/Hong Kong Industrials 38,500,000 41,291,250
LG Household & Health Care, Ltd., Pfd. South Korea Consumer Staples 56,695 41,093,333
Advantech Co., Ltd. Taiwan Information Technology 5,515,000 41,047,032
CK Hutchison Holdings, Ltd. China/Hong Kong Industrials 3,424,172 39,414,756
Singapore Telecommunications, Ltd. Singapore Telecom Services 16,366,500 38,783,607
Singapore Technologies Engineering, Ltd. Singapore Industrials 14,058,125 36,590,439
CapitaLand, Ltd., Cnv., 1.950%, 10/17/2023 Singapore Real Estate 49,500,000 36,299,879
Jardine Matheson Holdings, Ltd. China/Hong Kong Industrials 577,100 36,205,627
Prudential PLC United Kingdom Financials 1,547,590 35,483,411
HKT Trust & HKT, Ltd. China/Hong Kong Telecom Services 25,681,000 35,312,870
Coway Co., Ltd. South Korea Consumer Discretionary 443,448 34,610,476
Ascendas, REIT Singapore Real Estate 17,891,700 34,559,689
China Overseas Finance Investment Cayman V, Ltd., Cnv., 0.000%, 01/05/2023 China/Hong Kong Real Estate 32,600,000 34,401,150
HSBC Holdings PLC ADR China/Hong Kong Financials 756,133 33,262,291
NetEase, Inc. ADR China/Hong Kong Information Technology 145,500 33,210,375
Jiangsu Expressway Co., Ltd. H Shares China/Hong Kong Industrials 25,502,000 32,713,059
Taiwan Secom Co., Ltd. Taiwan Industrials 11,131,000 32,157,866
PT Bank Rakyat Indonesia Persero Indonesia Financials 151,461,000 32,006,535
Kao Corp. Japan Consumer Staples 394,600 31,874,915
Housing Development Finance Corp., Ltd. India Financials 1,310,256 31,715,997
Genting Malaysia BHD Malaysia Consumer Discretionary 26,246,300 31,639,396
Cognizant Technology Solutions Corp. Class A United States Information Technology 409,000 31,554,350
Vietnam Dairy Products JSC Vietnam Consumer Staples 5,334,013 31,374,540
Kasikornbank Public Co., Ltd. Thailand Financials 4,640,000 30,990,311
China Mobile, Ltd. ADR China/Hong Kong Telecom Services 633,300 30,987,369
Macquarie Group, Ltd. Australia Financials 335,527 30,522,415
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. A Shares China/Hong Kong Consumer Staples 1,610,583 29,962,385
Macquarie Korea Infrastructure Fund South Korea Financials 3,611,141 29,624,866
Orange Life Insurance, Ltd. South Korea Financials 946,537 29,100,843
Zhejiang Supor Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 3,635,570 28,516,231
CLP Holdings, Ltd. China/Hong Kong Utilities 2,427,200 28,424,297
Pacific Textiles Holdings, Ltd. China/Hong Kong Consumer Discretionary 33,267,000 28,354,354
LG Chem, Ltd., Cnv., 0.000%, 04/16/2021 South Korea Materials 27,600,000 28,290,000
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares China/Hong Kong Consumer Staples 7,522,575 28,122,208
CK Asset Holdings, Ltd. China/Hong Kong Real Estate 3,725,172 27,924,601
Minth Group, Ltd. China/Hong Kong Consumer Discretionary 6,678,000 27,473,764
Japan Tobacco, Inc. Japan Consumer Staples 1,051,000 27,445,083
Zhongsheng Group Holdings, Ltd., Cnv., 0.000%, 05/23/2023 China/Hong Kong Consumer Discretionary 219,000,000 26,751,327
Venture Corp., Ltd. Singapore Information Technology 2,012,700 25,953,171
Hang Lung Properties, Ltd. China/Hong Kong Real Estate 13,056,920 25,471,237
VTech Holdings, Ltd. China/Hong Kong Information Technology 2,197,700 25,367,095
Lotte Shopping Co., Ltd., Cnv., 0.000%, 04/04/2023 South Korea Consumer Discretionary 28,800,000,000 25,110,848
Pernod Ricard SA France Consumer Staples 153,028 25,097,747
Bharti Infratel, Ltd. India Telecom Services 6,905,094 25,053,520
Bangkok Dusit Medical Services Public Co., Ltd., Cnv., 0.000%, 09/18/2019 Thailand Health Care 633,000,000 23,781,540
SKYCITY Entertainment Group, Ltd. New Zealand Consumer Discretionary 8,812,957 23,417,128
KDDI Corp. Japan Telecom Services 841,600 23,217,008
Bank of the Philippine Islands Philippines Financials 14,953,444 23,056,265
Harvest International Co., Cnv., 0.000%, 11/21/2022 China/Hong Kong Consumer Discretionary 177,000,000 21,790,511
Midea Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 3,708,801 21,668,580
Haitian International Holdings, Ltd., Cnv., 2.000%, 02/13/2019 China/Hong Kong Industrials 21,500,000 21,473,125
Domino's Pizza Enterprises, Ltd. Australia Consumer Discretionary 549,344 21,196,474
CP Foods Holdings, Ltd., Cnv., 0.500%, 09/22/2021 Thailand Consumer Staples 19,800,000 20,714,364
KT&G Corp. South Korea Consumer Staples 214,771 20,136,294
Café de Coral Holdings, Ltd. China/Hong Kong Consumer Discretionary 8,296,000 18,953,078
China Mengniu Dairy Co., Ltd., Cnv., 0.000%, 06/05/2022 China/Hong Kong Consumer Staples 14,800,000 14,245,000
Net Cash n.a. 35,663,074

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 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