Matthews Asia Innovators Fund

Portfolio Holdings: 9/30/2018

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 85,400 14,070,504
Tencent Holdings, Ltd. China/Hong Kong Information Technology 338,700 13,829,401
HDFC Bank, Ltd. India Financials 438,739 12,118,884
Ping An Insurance Group Co. of China, Ltd. H Shares China/Hong Kong Financials 1,092,500 11,067,251
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 1,052,000 8,977,280
AIA Group, Ltd. China/Hong Kong Financials 996,200 8,883,036
Jiangsu Hengrui Medicine Co., Ltd. A Shares China/Hong Kong Health Care 931,713 8,603,416
China International Travel Service Corp., Ltd. A Shares China/Hong Kong Consumer Discretionary 764,325 7,559,591
Wuxi Biologics Cayman, Inc. China/Hong Kong Health Care 736,500 7,453,090
LG Household & Health Care, Ltd. South Korea Consumer Staples 6,343 7,295,198
DBS Group Holdings, Ltd. Singapore Financials 374,100 7,136,765
GreenTree Hospitality Group, Ltd. ADR China/Hong Kong Consumer Discretionary 525,177 6,669,748
IndusInd Bank, Ltd. India Financials 276,285 6,445,217
NAVER Corp. South Korea Information Technology 9,650 6,228,685
Housing Development Finance Corp., Ltd. India Financials 248,011 6,003,343
Kweichow Moutai Co., Ltd. A Shares China/Hong Kong Consumer Staples 54,468 5,783,990
Orion Corp. South Korea Consumer Staples 57,759 5,491,484
PT Bank Rakyat Indonesia Persero Indonesia Financials 25,019,200 5,287,024
BRAC Bank, Ltd. Bangladesh Financials 6,201,632 5,192,290
58.com, Inc. ADR China/Hong Kong Information Technology 69,700 5,129,920
BGF Retail Co., Ltd. South Korea Consumer Staples 25,512 4,726,361
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. A Shares China/Hong Kong Consumer Staples 248,115 4,615,793
Samsung Fire & Marine Insurance Co., Ltd. South Korea Financials 18,014 4,612,104
Sun Art Retail Group, Ltd. China/Hong Kong Consumer Staples 3,487,000 4,523,699
Momo, Inc. ADR China/Hong Kong Information Technology 95,700 4,191,660
Kasikornbank Public Co., Ltd. Thailand Financials 612,800 4,092,858
Mobile World Investment Corp. Vietnam Consumer Discretionary 737,470 4,015,893
Midea Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 642,509 3,753,843
BeiGene, Ltd. ADR China/Hong Kong Health Care 21,400 3,685,508
New Oriental Education & Technology Group, Inc. ADR China/Hong Kong Consumer Discretionary 48,600 3,596,886
Ctrip.com International, Ltd. ADR China/Hong Kong Consumer Discretionary 94,500 3,512,565
Keyence Corp. Japan Information Technology 6,000 3,485,321
Square Pharmaceuticals, Ltd. Bangladesh Health Care 1,064,337 3,431,914
CSPC Pharmaceutical Group, Ltd. China/Hong Kong Health Care 1,616,000 3,418,219
Info Edge India, Ltd. India Information Technology 172,029 3,377,336
SUNeVision Holdings, Ltd. China/Hong Kong Information Technology 4,985,000 3,360,978
Autohome, Inc. ADR China/Hong Kong Information Technology 42,600 3,297,666
Phu Nhuan Jewelry JSC Vietnam Consumer Discretionary 720,190 3,259,910
Puregold Price Club, Inc. Philippines Consumer Staples 3,869,870 3,226,055
Silergy Corp. China/Hong Kong Information Technology 178,000 3,206,343
Cafe24 Corp. South Korea Information Technology 23,306 3,142,039
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares China/Hong Kong Consumer Staples 740,910 2,769,800
Wise Talent Information Technology Co., Ltd. China/Hong Kong Information Technology 898,400 2,656,749
Haidilao International Holding, Ltd. China/Hong Kong Consumer Discretionary 1,117,000 2,539,820
Samsung Electronics Co., Ltd., Pfd. South Korea Information Technology 57,547 1,962,770
BeiGene, Ltd. China/Hong Kong Health Care 138,339 1,850,210
Domesco Medical Import Export JSC Vietnam Health Care 325,220 1,165,508
Samsung SDI Co., Ltd., Pfd. South Korea Information Technology 425 38,505
Net Cash n.a. 3,650,831


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