Matthews Asia Innovators 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
Alibaba Group Holding, Ltd. ADR China/Hong Kong Information Technology 67,800 12,444,012
Tencent Holdings, Ltd. China/Hong Kong Information Technology 213,100 11,439,116
Jiangsu Hengrui Medicine Co., Ltd. A Shares China/Hong Kong Health Care 854,788 11,366,326
Ping An Insurance Group Co. of China, Ltd. H Shares China/Hong Kong Financials 990,500 10,212,726
Hana Tour Service, Inc. South Korea Consumer Discretionary 80,516 9,105,909
Orion Corp. South Korea Consumer Staples 74,043 8,937,140
Samsung Electronics Co., Ltd., Pfd. South Korea Information Technology 4,606 8,857,030
HDFC Bank, Ltd. India Financials 300,747 8,761,054
China International Travel Service Corp., Ltd. A Shares China/Hong Kong Consumer Discretionary 944,025 8,141,117
NAVER Corp. South Korea Information Technology 10,719 7,977,336
Wuxi Biologics Cayman, Inc. China/Hong Kong Health Care 791,000 7,698,084
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 904,000 7,657,062
China Construction Bank Corp. H Shares China/Hong Kong Financials 6,983,000 7,293,772
AIA Group, Ltd. China/Hong Kong Financials 850,000 7,266,377
Hugel, Inc. South Korea Health Care 11,932 6,730,848
Sun Art Retail Group, Ltd. China/Hong Kong Consumer Staples 5,705,000 6,676,075
Midea Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 739,109 6,584,361
CSPC Pharmaceutical Group, Ltd. China/Hong Kong Health Care 2,360,000 6,361,413
Housing Development Finance Corp., Ltd. India Financials 225,605 6,354,867
PT Bank Mandiri Persero Indonesia Financials 10,380,800 5,821,052
BRAC Bank, Ltd. Bangladesh Financials 4,961,306 5,782,194
TAL Education Group ADR China/Hong Kong Consumer Discretionary 155,000 5,748,950
IndusInd Bank, Ltd. India Financials 206,040 5,715,893
JD.com, Inc. ADR China/Hong Kong Consumer Discretionary 139,500 5,648,355
BGF Retail Co., Ltd. South Korea Consumer Staples 36,016 5,152,866
Samsung Fire & Marine Insurance Co., Ltd. South Korea Financials 20,400 5,146,412
NetEase, Inc. ADR China/Hong Kong Information Technology 18,300 5,131,137
GreenTree Hospitality Group, Ltd. ADR China/Hong Kong Consumer Discretionary 383,000 4,883,250
DBS Group Holdings, Ltd. Singapore Financials 226,600 4,786,325
Kasikornbank Public Co., Ltd. Thailand Financials 691,200 4,703,713
Industrial & Commercial Bank of China, Ltd. H Shares China/Hong Kong Financials 5,202,000 4,533,470
Shenzhen Inovance Technology Co., Ltd. A Shares China/Hong Kong Industrials 809,222 4,354,721
Vipshop Holdings, Ltd. ADR China/Hong Kong Consumer Discretionary 258,400 4,294,608
Hangzhou Hikvision Digital Technology Co., Ltd. A Shares China/Hong Kong Information Technology 625,838 4,180,218
Mobile World Investment Corp. Vietnam Consumer Discretionary 737,470 3,675,829
Ctrip.com International, Ltd. ADR China/Hong Kong Consumer Discretionary 77,700 3,622,374
BeiGene, Ltd. ADR China/Hong Kong Health Care 21,400 3,595,200
Puregold Price Club, Inc. Philippines Consumer Staples 3,327,670 3,359,881
Info Edge India, Ltd. India Information Technology 158,665 2,864,714
Britannia Industries, Ltd. India Consumer Staples 34,455 2,637,183
Bilibili, Inc. ADR China/Hong Kong Information Technology 209,100 2,300,100
Phu Nhuan Jewelry JSC Vietnam Consumer Discretionary 262,500 2,290,188
Silergy Corp. China/Hong Kong Information Technology 94,000 2,134,388
Wuliangye Yibin Co., Ltd. A Shares China/Hong Kong Consumer Staples 143,899 1,563,790
Domesco Medical Import Export JSC Vietnam Health Care 325,220 1,449,549
Net Cash n.a. 3,136,644


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