Matthews Asian Growth and Income Fund


Top 10 Holdings as of 4/30/2018

Security Sector Country % Net Assets
AIA Group, Ltd. Financials China/Hong Kong 3.4
United Overseas Bank, Ltd. Financials Singapore 3.2
Taiwan Semiconductor Manufacturing Co., Ltd. Information Technology Taiwan 2.9
Samsung Electronics Co., Ltd. Information Technology South Korea 2.1
CK Hutchison Holdings, Ltd. Industrials China/Hong Kong 2.0
Singapore Telecommunications, Ltd. Telecom Services Singapore 2.0
Hengan International Group Co., Ltd., Cnv., 0.000%, 06/27/2018 Consumer Staples China/Hong Kong 2.0
HSBC Holdings PLC Financials China/Hong Kong 2.0
Broadcom, Inc. Information Technology United States 1.9
Bank of the Philippine Islands Financials Philippines 1.9
Total 23.4
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 3/31/2018

  Fund MSCI All Country Asia ex Japan IndexDifference
Financials 18.5 23.5 -5.0
Industrials 15.7 6.7 9.0
Consumer Discretionary 15.6 8.9 6.7
Telecom Services 12.1 3.9 8.2
Information Technology 12.0 32.1 -20.1
Consumer Staples 11.1 4.6 6.5
Real Estate 6.7 5.8 0.9
Utilities 4.3 2.9 1.4
Health Care 3.2 2.8 0.4
Materials 0.0 4.5 -4.5
Energy 0.0 4.4 -4.4
Cash and Other Assets, Less Liabilities 0.9 0.0 0.9
  Fund MSCI All Country Asia ex Japan IndexDifference
China/Hong Kong 33.4 45.9 -12.5
Singapore 12.7 4.2 8.5
South Korea 12.5 17.5 -5.0
Taiwan 6.3 13.6 -7.3
Australia 6.1 0.0 6.1
Japan 5.2 0.0 5.2
Indonesia 4.8 2.4 2.4
Thailand 3.8 2.8 1.0
India 3.3 9.4 -6.1
Malaysia 2.3 2.9 -0.6
United States 2.0 0.0 2.0
Vietnam 1.8 0.0 1.8
Norway 1.8 0.0 1.8
Philippines 1.7 1.1 0.6
New Zealand 1.4 0.0 1.4
Pakistan 0.0 0.1 -0.1
Cash and Other Assets, Less Liabilities 0.9 0.0 0.9
Not all countries are included in the benchmark index.
  Fund MSCI All Country Asia ex Japan Index Difference
Mega Cap (over $25B) 44.0 56.5 -12.5
Large Cap ($10B-$25B) 20.7 24.2 -3.5
Mid Cap ($3B-$10B) 21.9 16.9 5.0
Small Cap (under $3B) 12.6 2.5 10.1
Cash and Other Assets, Less Liabilities 0.9 0.0 0.9
Equity market cap of issuer.
  Fund
Common Equities and ADRs 88.3
Convertible Bonds 8.1
Preferred Equities 2.7
Cash and Other Assets, Less Liabilities 0.9
Source: FactSet Research Systems.

Portfolio Characteristics as of 3/31/2018

Number of Securities1

60

Weighted Average
Market Cap

$42.1 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.