Matthews Asia Dividend Fund

Portfolio Holdings: 6/30/2018

Security Country Sector Shares Value
Shenzhou International Group Holdings, Ltd. China/Hong Kong Consumer Discretionary 25,854,000 318,143,399
Minth Group, Ltd. China/Hong Kong Consumer Discretionary 62,069,000 262,533,967
China Construction Bank Corp. H Shares China/Hong Kong Financials 238,266,000 218,023,260
Hyundai Mobis Co., Ltd. South Korea Consumer Discretionary 1,086,117 206,580,516
China Petroleum & Chemical Corp. H Shares China/Hong Kong Energy 215,920,000 193,273,747
HSBC Holdings PLC China/Hong Kong Financials 18,914,400 176,963,327
China Gas Holdings, Ltd. China/Hong Kong Utilities 43,973,800 176,299,605
Nitori Holdings Co., Ltd. Japan Consumer Discretionary 1,126,600 175,274,419
LG Chem, Ltd., Pfd. South Korea Materials 909,328 164,321,876
Pigeon Corp. Japan Consumer Staples 3,077,300 149,547,990
NTT DoCoMo, Inc. Japan Telecom Services 5,707,700 145,445,713
United Overseas Bank, Ltd. Singapore Financials 7,406,100 145,150,178
Japan Tobacco, Inc. Japan Consumer Staples 5,130,600 143,381,889
BGF Retail Co., Ltd. South Korea Consumer Staples 816,439 142,849,354
Rohm Co., Ltd. Japan Information Technology 1,663,100 138,976,121
Hua Hong Semiconductor, Ltd. China/Hong Kong Information Technology 40,482,000 138,362,467
Kao Corp. Japan Consumer Staples 1,710,900 130,407,501
Postal Savings Bank of China Co., Ltd. H Shares China/Hong Kong Financials 199,348,000 129,408,933
MISUMI Group, Inc. Japan Industrials 4,431,500 128,933,674
Anritsu Corp. Japan Information Technology 9,384,700 128,488,779
Samsung Electronics Co., Ltd., Pfd. South Korea Information Technology 3,718,200 125,559,530
Sands China, Ltd. China/Hong Kong Consumer Discretionary 23,495,600 125,264,161
Hoya Corp. Japan Health Care 2,049,600 116,271,734
Sun Art Retail Group, Ltd. China/Hong Kong Consumer Staples 88,093,500 114,924,324
Seven & i Holdings Co., Ltd. Japan Consumer Staples 2,510,300 109,488,455
Huaneng Power International, Inc. H Shares China/Hong Kong Utilities 161,530,000 106,739,035
Breville Group, Ltd. Australia Consumer Discretionary 12,185,538 104,697,395
China Resources Power Holdings Co., Ltd. China/Hong Kong Utilities 58,218,000 102,313,430
PT United Tractors Indonesia Energy 46,212,800 101,756,582
Thai Beverage Public Co., Ltd. Thailand Consumer Staples 189,041,400 99,843,690
Taiwan Semiconductor Manufacturing Co., Ltd. ADR Taiwan Information Technology 2,642,940 96,625,886
Vietnam Dairy Products JSC Vietnam Consumer Staples 12,514,488 92,304,686
Bharti Infratel, Ltd. India Telecom Services 20,967,130 92,141,089
Fuji Seal International, Inc. Japan Materials 2,552,700 90,431,042
Chongqing Brewery Co., Ltd. A Shares China/Hong Kong Consumer Staples 21,070,370 87,841,190
China Mobile, Ltd. China/Hong Kong Telecom Services 9,372,500 83,161,696
ITC, Ltd. India Consumer Staples 20,701,500 80,446,828
Woori Bank South Korea Financials 5,472,430 79,818,938
Fanhua, Inc. ADR China/Hong Kong Financials 2,729,200 77,782,200
HKBN, Ltd. China/Hong Kong Telecom Services 49,263,123 75,779,192
CapitaLand, Ltd. Singapore Real Estate 32,225,000 74,584,780
China Steel Chemical Corp. Taiwan Materials 14,747,000 71,984,154
Fuyao Glass Industry Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 21,248,000 71,798,470
Eiken Chemical Co., Ltd. Japan Health Care 3,337,200 70,894,137
Yuexiu Transport Infrastructure, Ltd. China/Hong Kong Industrials 97,328,000 70,854,662
GrameenPhone, Ltd. Bangladesh Telecom Services 15,190,235 70,722,541
Dairy Farm International Holdings, Ltd. China/Hong Kong Consumer Staples 7,861,300 69,019,761
Nifco, Inc. Japan Consumer Discretionary 2,220,800 68,630,938
Shanghai Jin Jiang International Hotels Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 166,126,000 67,145,514
Far East Horizon, Ltd. China/Hong Kong Financials 68,525,000 66,351,871
Samsung Fire & Marine Insurance Co., Ltd. South Korea Financials 272,807 64,639,055
Crystal International Group, Ltd. China/Hong Kong Consumer Discretionary 90,884,500 63,198,553
Minda Industries, Ltd. India Consumer Discretionary 3,327,962 61,467,966
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 8,443,469 59,957,743
CapitaLand Retail China Trust, REIT Singapore Real Estate 49,800,000 55,510,351
Mitsubishi Pencil Co., Ltd. Japan Industrials 2,628,400 54,489,751
S-1 Corp. South Korea Industrials 557,553 48,426,317
HSBC Holdings PLC ADR China/Hong Kong Financials 944,100 44,504,874
Ascendas India Trust Singapore Real Estate 57,863,800 42,893,532
Café de Coral Holdings, Ltd. China/Hong Kong Consumer Discretionary 17,330,000 41,917,629
Globe Telecom, Inc. Philippines Telecom Services 1,447,730 41,776,441
Sumitomo Mitsui Financial Group, Inc. Japan Financials 1,043,300 40,694,957
PT Cikarang Listrindo Indonesia Utilities 477,480,200 39,317,979
BELLSYSTEM24 Holdings, Inc. Japan Industrials 2,219,200 38,631,367
Mitsubishi UFJ Financial Group, Inc. Japan Financials 6,616,800 37,483,408
Gujarat Pipavav Port, Ltd. India Industrials 21,381,946 32,935,550
Greencross, Ltd. Australia Consumer Discretionary 9,560,282 31,683,378
Sohgo Security Services Co., Ltd. Japan Industrials 615,900 28,976,661
China Petroleum & Chemical Corp. ADR China/Hong Kong Energy 235,900 21,193,256
China Mobile, Ltd. ADR China/Hong Kong Telecom Services 469,900 20,858,861
Net Cash n.a. 113,024,113


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