Matthews Asia Innovators Fund

Portfolio Holdings: 12/31/2018

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
Tencent Holdings, Ltd. China/Hong Kong Communication Services 423,200 16,962,004
Alibaba Group Holding, Ltd. ADR China/Hong Kong Consumer Discretionary 106,900 14,652,783
HDFC Bank, Ltd. India Financials 459,935 13,991,153
Ping An Insurance Group Co. of China, Ltd. H Shares China/Hong Kong Financials 1,171,000 10,330,581
AIA Group, Ltd. China/Hong Kong Financials 933,800 7,756,903
China International Travel Service Corp., Ltd. A Shares China/Hong Kong Consumer Discretionary 838,863 7,363,784
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. A Shares China/Hong Kong Consumer Staples 527,735 7,310,699
Jiangsu Hengrui Medicine Co., Ltd. A Shares China/Hong Kong Health Care 931,713 7,181,317
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares China/Hong Kong Consumer Staples 2,126,136 7,101,080
Orion Corp. South Korea Consumer Staples 66,040 7,082,602
DBS Group Holdings, Ltd. Singapore Financials 399,200 6,942,029
GreenTree Hospitality Group, Ltd. ADR China/Hong Kong Consumer Discretionary 525,177 6,822,049
PT Bank Rakyat Indonesia Persero Indonesia Financials 25,019,200 6,373,851
LG Household & Health Care, Ltd. South Korea Consumer Staples 6,319 6,245,172
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 846,000 6,180,808
Housing Development Finance Corp., Ltd. India Financials 211,876 5,969,456
BRAC Bank, Ltd. Bangladesh Financials 6,501,254 5,633,387
NAVER Corp. South Korea Communication Services 50,581 5,543,471
58.com, Inc. ADR China/Hong Kong Communication Services 93,000 5,041,530
Sun Art Retail Group, Ltd. China/Hong Kong Consumer Staples 4,806,500 4,887,893
Wuxi Biologics Cayman, Inc. China/Hong Kong Health Care 750,500 4,794,618
Samsung SDI Co., Ltd. South Korea Information Technology 24,215 4,759,651
BGF Retail Co., Ltd. South Korea Consumer Staples 23,332 4,258,804
Bilibili, Inc. ADR China/Hong Kong Communication Services 275,500 4,019,545
IndusInd Bank, Ltd. India Financials 174,769 4,001,813
Midea Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 688,521 3,717,430
Mobile World Investment Corp. Vietnam Consumer Discretionary 983,293 3,691,732
Square Pharmaceuticals, Ltd. Bangladesh Health Care 1,215,785 3,679,158
Samsung Fire & Marine Insurance Co., Ltd. South Korea Financials 14,879 3,577,793
Puregold Price Club, Inc. Philippines Consumer Staples 4,348,270 3,552,127
Info Edge India, Ltd. India Communication Services 172,029 3,547,294
Kasikornbank Public Co., Ltd. Thailand Financials 612,800 3,509,655
Wise Talent Information Technology Co., Ltd. China/Hong Kong Communication Services 898,400 3,327,195
Cafe24 Corp. South Korea Information Technology 32,625 3,217,090
BeiGene, Ltd. ADR China/Hong Kong Health Care 21,700 3,043,642
Momo, Inc. ADR China/Hong Kong Communication Services 127,800 3,035,250
SUNeVision Holdings, Ltd. China/Hong Kong Information Technology 4,985,000 2,958,020
Phu Nhuan Jewelry JSC Vietnam Consumer Discretionary 720,190 2,909,451
Silergy Corp. China/Hong Kong Information Technology 178,000 2,635,511
Haidilao International Holding, Ltd. China/Hong Kong Consumer Discretionary 1,117,000 2,445,752
China National Accord Medicines Corp., Ltd. B Shares China/Hong Kong Health Care 731,170 2,440,513
iQIYI, Inc. ADR China/Hong Kong Communication Services 156,900 2,333,103
Contemporary Amperex Technology Co., Ltd. A Shares China/Hong Kong Industrials 184,200 1,992,183
BeiGene, Ltd. China/Hong Kong Health Care 140,939 1,505,785
Domesco Medical Import Export JSC Vietnam Health Care 325,220 1,056,129
Ctrip.com International, Ltd. ADR China/Hong Kong Consumer Discretionary 34,000 920,040
Net Cash n.a. 3,916,019


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