Matthews Asian Growth and Income Fund


Top 10 Holdings as of 10/31/2019

Security Sector Country % Net Assets
Taiwan Semiconductor Manufacturing Co., Ltd. Information Technology Taiwan 4.3
AIA Group, Ltd. Financials China/Hong Kong 3.6
Tencent Holdings, Ltd. Communication Services China/Hong Kong 2.7
Samsung Electronics Co., Ltd. Information Technology South Korea 2.7
Housing Development Finance Corp., Ltd. Financials India 2.1
Macquarie Korea Infrastructure Fund Financials South Korea 2.1
Singapore Telecommunications, Ltd. Communication Services Singapore 1.9
LG Household & Health Care, Ltd., Pfd. Consumer Staples South Korea 1.8
CapitaLand, Ltd., Cnv., 1.950%, 10/17/2023 Real Estate Singapore 1.8
Ascendas, REIT Real Estate Singapore 1.8
Total 24.8
Top 10 holdings may combine more than one security from the same issuer and related depositary receipts.
Source: BNY Mellon Investment Servicing (US) Inc.

Portfolio Breakdown (%) as of 9/30/2019

  Fund MSCI All Country Asia ex Japan IndexDifference
Financials 19.8 23.4 -3.6
Consumer Discretionary 16.3 13.6 2.7
Information Technology 12.6 17.8 -5.2
Communication Services 11.2 12.0 -0.8
Industrials 10.5 6.9 3.6
Consumer Staples 10.2 5.4 4.8
Real Estate 8.5 5.9 2.6
Health Care 5.0 2.8 2.2
Materials 2.7 4.4 -1.7
Utilities 1.4 3.3 -1.9
Energy 0.0 4.4 -4.4
Cash and Other Assets, Less Liabilities 1.9 0.0 1.9
  Fund MSCI All Country Asia ex Japan IndexDifference
China/Hong Kong 40.4 48.3 -7.9
South Korea 10.8 14.3 -3.5
Singapore 10.3 3.8 6.5
Taiwan 7.0 13.5 -6.5
India 6.1 10.4 -4.3
Australia 5.2 0.0 5.2
United States 3.1 0.0 3.1
France 3.0 0.0 3.0
Indonesia 2.8 2.4 0.4
Malaysia 2.3 2.4 -0.1
Philippines 1.6 1.3 0.3
United Kingdom 1.6 0.0 1.6
Vietnam 1.4 0.0 1.4
Thailand 1.3 3.4 -2.1
Japan 1.1 0.0 1.1
Cash and Other Assets, Less Liabilities 1.9 0.0 1.9
Not all countries are included in the benchmark index.
  Fund MSCI All Country Asia ex Japan Index Difference
Mega Cap (over $25B) 45.6 54.4 -8.8
Large Cap ($10B-$25B) 17.9 22.2 -4.3
Mid Cap ($3B-$10B) 21.3 19.3 2.0
Small Cap (under $3B) 13.3 4.1 9.2
Cash and Other Assets, Less Liabilities 1.9 0.0 1.9
Equity market cap of issuer.
  Fund
Common Equities and ADRs 84.9
Convertible Bonds 11.3
Preferred Equities 1.9
Cash and Other Assets, Less Liabilities 1.9
Source: FactSet Research Systems.

Portfolio Characteristics as of 9/30/2019

Number of Securities1

66

Weighted Average
Market Cap

$56.6 billion

1Source: BNY Mellon Investment Servicing (US) Inc.
Source: FactSet Research Systems unless otherwise noted. Sector data (excluding Government Bonds) based on MSCI’s revised Global Industry Classification Standards. For more details, visit www.msci.com.

Additional performance, attribution, liquidity, value at risk (VaR), security classification and holdings information is available on request for certain time periods.

Percentage values in data are rounded to the nearest tenth of one percent, so the values may not sum to 100% due to rounding.  Percentage values may be derived from different data sources and may not be consistent with other Fund literature. 

The P/E Ratio is the share price of a stock as of the report date, divided by the forecasted earnings per share for a 12-month period (FY1) and 24 month period (FY2). For the Fund, this is the weighted harmonic average estimated P/E ratio of all the underlying stocks in the Fund, excluding negative earners. There is no guarantee that the composition of the Fund will remain unchanged, or that forecasted earnings of a stock will be realized. Information provided is for illustrative purposes only.

Index Definitions

The information contained in this document does not, in any way, constitute investment advice. It should not be assumed that any investment will be profitable or will equal the performance of the portfolios or any securities or any sectors mentioned herein. The information does not constitute a recommendation to buy or sell any securities mentioned. Information on this document is from sources considered reliable, but no representation or warranty is made as to its completeness or accuracy.