Matthews Asia Innovators Fund

Portfolio Holdings: 6/30/2018

Security Country Sector Shares Value
Alibaba Group Holding, Ltd. ADR China/Hong Kong Information Technology 74,600 13,840,538
HDFC Bank, Ltd. India Financials 422,241 13,006,993
Tencent Holdings, Ltd. China/Hong Kong Information Technology 237,100 11,906,072
Jiangsu Hengrui Medicine Co., Ltd. A Shares China/Hong Kong Health Care 1,028,413 11,722,499
Ping An Insurance Group Co. of China, Ltd. H Shares China/Hong Kong Financials 1,132,000 10,366,487
Orion Corp. South Korea Consumer Staples 77,013 10,282,356
China International Travel Service Corp., Ltd. A Shares China/Hong Kong Consumer Discretionary 1,002,025 9,706,238
Wuxi Biologics Cayman, Inc. China/Hong Kong Health Care 791,000 8,774,678
AIA Group, Ltd. China/Hong Kong Financials 996,200 8,678,308
LG Household & Health Care, Ltd. South Korea Consumer Staples 6,751 8,459,493
GreenTree Hospitality Group, Ltd. ADR China/Hong Kong Consumer Discretionary 465,505 8,420,985
NAVER Corp. South Korea Information Technology 11,485 7,859,240
JD.com, Inc. ADR China/Hong Kong Consumer Discretionary 200,000 7,790,000
Housing Development Finance Corp., Ltd. India Financials 278,430 7,758,336
Hana Tour Service, Inc. South Korea Consumer Discretionary 97,399 7,630,283
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 1,052,000 7,470,335
Ctrip.com International, Ltd. ADR China/Hong Kong Consumer Discretionary 156,200 7,439,806
DBS Group Holdings, Ltd. Singapore Financials 358,300 6,967,868
TAL Education Group ADR China/Hong Kong Consumer Discretionary 183,200 6,741,760
NetEase, Inc. ADR China/Hong Kong Information Technology 25,700 6,493,619
Samsung Electronics Co., Ltd., Pfd. South Korea Information Technology 188,450 6,363,749
CSPC Pharmaceutical Group, Ltd. China/Hong Kong Health Care 2,112,000 6,341,917
IndusInd Bank, Ltd. India Financials 223,421 6,306,650
Baozun, Inc. ADR China/Hong Kong Information Technology 108,800 5,951,360
Midea Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 739,109 5,798,356
Suofeiya Home Collection Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 1,127,349 5,461,257
PT Bank Mandiri Persero Indonesia Financials 11,322,100 5,416,812
China Construction Bank Corp. H Shares China/Hong Kong Financials 5,874,000 5,374,953
BRAC Bank, Ltd. Bangladesh Financials 6,201,632 5,275,778
Kasikornbank Public Co., Ltd. Thailand Financials 871,000 5,095,626
Bilibili, Inc. ADR China/Hong Kong Information Technology 347,000 4,854,530
Hanon Systems South Korea Consumer Discretionary 470,842 4,478,773
Silergy Corp. China/Hong Kong Information Technology 178,000 4,325,281
Mobile World Investment Corp. Vietnam Consumer Discretionary 737,470 3,656,324
Puregold Price Club, Inc. Philippines Consumer Staples 3,869,870 3,378,473
BeiGene, Ltd. ADR China/Hong Kong Health Care 21,400 3,289,822
Britannia Industries, Ltd. India Consumer Staples 34,455 3,124,261
Cafe24 Corp. South Korea Information Technology 19,194 3,086,132
Info Edge India, Ltd. India Information Technology 172,029 2,975,277
Shenzhen Inovance Technology Co., Ltd. A Shares China/Hong Kong Industrials 599,722 2,960,289
Hangzhou Hikvision Digital Technology Co., Ltd. A Shares China/Hong Kong Information Technology 494,938 2,762,609
SUNeVision Holdings, Ltd. China/Hong Kong Information Technology 4,385,000 2,590,702
NBTM New Materials Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 1,728,316 2,542,052
Phu Nhuan Jewelry JSC Vietnam Consumer Discretionary 458,250 1,733,291
Mercari, Inc. Japan Information Technology 32,300 1,323,041
Domesco Medical Import Export JSC Vietnam Health Care 325,220 1,281,983
Wise Talent Information Technology Co., Ltd. China/Hong Kong Information Technology 248,800 1,030,641
Net Cash n.a. 7,243,280


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