Matthews Asia Strategic Income Fund

Portfolio Holdings: 12/31/2018

Security Currency Country Sector Quantity Value
Ctrip.com International, Ltd., Cnv., 1.250%, 09/15/2022 U.S. Dollar China/Hong Kong Consumer Discretionary 5,500,000 5,317,928
Debt and Asset Trading Corp., 1.000%, 10/10/2025 U.S. Dollar Vietnam Financials 6,969,000 4,791,188
Wanda Properties International Co., Ltd., 7.250%, 01/29/2024 U.S. Dollar China/Hong Kong Real Estate 5,000,000 4,754,080
Zhongsheng Group Holdings, Ltd., Cnv., 0.000%, 05/23/2023 Hong Kong Dollar China/Hong Kong Consumer Discretionary 38,000,000 4,463,885
Standard Chartered PLC, 6.500%, 12/29/2049 U.S. Dollar China/Hong Kong Financials 4,350,000 4,257,563
SoftBank Group Corp., 6.000%, 07/19/2049 U.S. Dollar Japan Communication Services 4,850,000 4,023,075
KWG Group Holdings, Ltd., 6.000%, 09/15/2022 U.S. Dollar China/Hong Kong Real Estate 4,500,000 4,009,091
Chinalco Capital Holdings, Ltd., 4.000%, 08/25/2021 U.S. Dollar China/Hong Kong Materials 4,100,000 3,941,285
Indonesia Government Bond, 8.250%, 05/15/2029 Indonesian Rupiah Indonesia Foreign Government Bonds 53,550,000,000 3,805,889
ICTSI Treasury BV, 4.625%, 01/16/2023 U.S. Dollar Philippines Industrials 3,500,000 3,449,600
Olam International, Ltd., 4.500%, 04/12/2021 U.S. Dollar Singapore Consumer Staples 3,500,000 3,441,928
Krung Thai Bank Public Co., Ltd., 5.200%, 12/26/2024 U.S. Dollar Thailand Financials 3,400,000 3,429,005
CIFI Holdings Group Co., Ltd., 6.875%, 04/23/2021 U.S. Dollar China/Hong Kong Real Estate 3,200,000 3,129,936
Huaneng Hong Kong Capital, Ltd., 3.600%, 04/30/2067 U.S. Dollar China/Hong Kong Utilities 3,300,000 2,975,937
PB International BV, 7.625%, 01/26/2022 U.S. Dollar Indonesia Consumer Discretionary 3,000,000 2,899,704
Housing Development Finance Corp., Ltd., 9.000%, 11/29/2028 Indian Rupee India Financials 200,000,000 2,894,346
CP Foods Holdings, Ltd., Cnv., 0.500%, 09/22/2021 U.S. Dollar Thailand Consumer Staples 2,800,000 2,876,524
LIC Housing Finance, Ltd., 8.750%, 12/08/2028 Indian Rupee India Financials 200,000,000 2,860,385
West China Cement, Ltd., 6.500%, 09/11/2019 U.S. Dollar China/Hong Kong Materials 2,800,000 2,807,437
Indonesia Government Bond, 7.875%, 04/15/2019 Indonesian Rupiah Indonesia Foreign Government Bonds 38,000,000,000 2,638,883
HSBC Holdings PLC, 6.375%, 12/29/2049 U.S. Dollar China/Hong Kong Financials 2,500,000 2,400,000
Johnson Electric Holdings, Ltd., Cnv., 1.000%, 04/02/2021 U.S. Dollar China/Hong Kong Industrials 2,000,000 2,154,550
National Savings Bank, 5.150%, 09/10/2019 U.S. Dollar Sri Lanka Financials 2,000,000 1,950,820
Bharti Airtel, Ltd., 4.375%, 06/10/2025 U.S. Dollar India Communication Services 2,138,000 1,944,992
Socialist Republic of Vietnam, 5.200%, 01/12/2022 Vietnam Foreign Government Bonds 43,000,000,000 1,901,505
Sprint Communications, Inc., 6.000%, 11/15/2022 U.S. Dollar United States Communication Services 1,863,000 1,828,218
China Minmetals Corp., 3.750%, 05/13/2067 U.S. Dollar China/Hong Kong Materials 2,000,000 1,806,592
Modernland Overseas Pte, Ltd., 6.950%, 04/13/2024 U.S. Dollar Indonesia Real Estate 1,900,000 1,561,819
China Mengniu Dairy Co., Ltd., Cnv., 0.000%, 06/05/2022 U.S. Dollar China/Hong Kong Consumer Staples 1,600,000 1,521,266
Alam Synergy Pte, Ltd., 6.950%, 03/27/2020 U.S. Dollar Indonesia Real Estate 1,500,000 1,427,700
Franshion Brilliant, Ltd., 5.200%, 03/08/2021 Chinese Renminbi China/Hong Kong Real Estate 7,000,000 1,015,352
Listrindo Capital BV, 4.950%, 09/14/2026 U.S. Dollar Indonesia Utilities 1,000,000 886,500
Republic of Philippines, 6.250%, 01/14/2036 Philippine Peso Philippines Foreign Government Bonds 40,000,000 745,779
Alam Synergy Pte, Ltd., 6.950%, 03/27/2020 U.S. Dollar Indonesia Real Estate 500,000 475,900
Currency Contracts, Indian Rupee on 02/11/19 @ 73.6600000 Indian Rupee India 545,084,000 404,514
Korea Treasury Bond, 3.500%, 03/10/2024 Korean Won South Korea Foreign Government Bonds 400,000,000 385,606
Currency Contracts, Indonesia Rupiah on 02/11/19 @ 15,090.0000000 Indonesian Rupiah Indonesia 105,630,000,000 293,271
Currency Contracts, Thai Baht on 03/04/19 @ 32.8050000 Thai Baht Thailand 148,114,575 72,082
Currency Contracts, Chinese Yuan Renminbi on 01/17/19 @ 6.9715000 Chinese Renminbi China/Hong Kong 25,000,000 54,010
Currency Contracts, Chinese Yuan Renminbi on 01/17/19 @ 6.9635000 Chinese Renminbi China/Hong Kong 26,436,798 52,758
Currency Contracts, Singapore Dollar on 03/04/19 @ 1.3675000 Singapore Dollar Singapore 9,387,888 32,808
Currency Contracts, Korean Won on 03/04/19 @ 1,114.1000000 Korean Won South Korea 10,054,752,500 23,343
Currency Contracts, Indonesia Rupiah on 02/11/19 @ 14,654.9999894 Indonesian Rupiah Indonesia -72,000,000,000 -58,273
Currency Contracts, Indian Rupee on 02/11/19 @ 70.7900000 Indian Rupee India -440,000,000 -84,354
Currency Contracts, Chinese Yuan Renminbi on 01/17/19 @ 6.9575000 Chinese Renminbi China/Hong Kong -51,436,798 -96,278
Net Cash n.a. 5,215,686


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