Matthews Asia Dividend Fund

Portfolio Holdings: 9/30/2018

Security Country Sector Shares Value
Shenzhou International Group Holdings, Ltd. China/Hong Kong Consumer Discretionary 21,266,000 272,866,809
Minth Group, Ltd. China/Hong Kong Consumer Discretionary 62,199,000 255,891,081
Hyundai Mobis Co., Ltd. South Korea Consumer Discretionary 1,033,075 212,342,664
NTT DoCoMo, Inc. Japan Telecom Services 7,845,000 210,854,545
Kao Corp. Japan Consumer Staples 2,565,500 207,235,417
China Petroleum & Chemical Corp. H Shares China/Hong Kong Energy 201,858,000 202,816,731
Japan Tobacco, Inc. Japan Consumer Staples 7,244,400 189,175,220
BGF Retail Co., Ltd. South Korea Consumer Staples 961,660 178,157,431
Pigeon Corp. Japan Consumer Staples 3,077,300 173,419,723
Nitori Holdings Co., Ltd. Japan Consumer Discretionary 1,149,100 164,672,800
Seven & i Holdings Co., Ltd. Japan Consumer Staples 3,587,800 159,961,774
Anritsu Corp. Japan Information Technology 9,384,700 154,662,957
MISUMI Group, Inc. Japan Industrials 5,869,600 151,872,963
United Overseas Bank, Ltd. Singapore Financials 7,406,100 146,407,087
Hoya Corp. Japan Health Care 2,436,200 144,688,353
LG Chem, Ltd., Pfd. South Korea Materials 742,693 136,569,148
Rohm Co., Ltd. Japan Information Technology 1,663,100 121,672,653
Taiwan Semiconductor Manufacturing Co., Ltd. ADR Taiwan Information Technology 2,642,940 116,712,230
Breville Group, Ltd. Australia Consumer Discretionary 12,185,538 115,059,415
Sun Art Retail Group, Ltd. China/Hong Kong Consumer Staples 88,093,500 114,284,053
Beijing Capital International Airport Co., Ltd. H Shares China/Hong Kong Industrials 94,084,000 114,109,656
Sumitomo Mitsui Financial Group, Inc. Japan Financials 2,792,100 112,364,897
China Resources Power Holdings Co., Ltd. China/Hong Kong Utilities 60,274,000 106,341,203
Huaneng Power International, Inc. H Shares China/Hong Kong Utilities 161,530,000 105,844,940
Mitsubishi UFJ Financial Group, Inc. Japan Financials 16,750,800 104,067,573
China Gas Holdings, Ltd. China/Hong Kong Utilities 36,274,200 102,665,543
PT United Tractors Indonesia Energy 46,212,800 102,316,645
HKBN, Ltd. China/Hong Kong Telecom Services 56,401,123 96,616,042
ITC, Ltd. India Consumer Staples 23,282,533 95,653,557
Globe Telecom, Inc. Philippines Telecom Services 2,322,530 94,569,054
Thai Beverage Public Co., Ltd. Thailand Consumer Staples 189,041,400 93,993,008
Fuji Seal International, Inc. Japan Materials 2,621,000 92,838,243
China Mobile, Ltd. China/Hong Kong Telecom Services 9,372,500 92,148,948
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 10,727,469 91,543,243
Chongqing Brewery Co., Ltd. A Shares China/Hong Kong Consumer Staples 21,070,370 89,506,026
Vietnam Dairy Products JSC Vietnam Consumer Staples 15,017,385 88,331,909
Hua Hong Semiconductor, Ltd. China/Hong Kong Information Technology 40,482,000 86,781,879
Fanhua, Inc. ADR China/Hong Kong Financials 3,182,300 85,985,746
Fuyao Glass Industry Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 23,075,200 83,605,225
Woori Bank South Korea Financials 5,472,430 83,330,049
Eiken Chemical Co., Ltd. Japan Health Care 3,493,200 81,188,822
Samsung Fire & Marine Insurance Co., Ltd. South Korea Financials 310,982 79,620,363
Yuexiu Transport Infrastructure, Ltd. China/Hong Kong Industrials 97,328,000 77,065,895
Nifco, Inc. Japan Consumer Discretionary 2,817,600 75,761,147
China Steel Chemical Corp. Taiwan Materials 15,589,000 74,253,622
Crystal International Group, Ltd. China/Hong Kong Consumer Discretionary 111,755,000 73,276,339
GrameenPhone, Ltd. Bangladesh Telecom Services 16,109,639 70,432,305
Dairy Farm International Holdings, Ltd. China/Hong Kong Consumer Staples 7,804,400 70,239,600
BELLSYSTEM24 Holdings, Inc. Japan Industrials 4,425,600 69,644,897
Postal Savings Bank of China Co., Ltd. H Shares China/Hong Kong Financials 107,790,000 67,735,372
Samsung Electronics Co., Ltd., Pfd. South Korea Information Technology 1,880,455 64,137,155
Far East Horizon, Ltd. China/Hong Kong Financials 61,980,000 58,984,460
Minda Industries, Ltd. India Consumer Discretionary 10,899,193 53,116,986
CapitaLand Retail China Trust, REIT Singapore Real Estate 49,800,000 52,783,884
China Construction Bank Corp. H Shares China/Hong Kong Financials 57,105,000 49,915,512
Shanghai Jin Jiang International Hotels Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 173,612,000 48,709,073
Mitsubishi Pencil Co., Ltd. Japan Industrials 2,628,400 48,336,214
Ascendas India Trust Singapore Real Estate 57,863,800 46,136,968
Café de Coral Holdings, Ltd. China/Hong Kong Consumer Discretionary 17,330,000 39,592,195
PT Cikarang Listrindo Indonesia Utilities 477,480,200 30,440,304
Greencross, Ltd. Australia Consumer Discretionary 9,560,282 29,291,569
HSBC Holdings PLC ADR China/Hong Kong Financials 554,800 24,405,652
China Petroleum & Chemical Corp. ADR China/Hong Kong Energy 235,900 23,693,796
China Mobile, Ltd. ADR China/Hong Kong Telecom Services 469,900 22,992,207
Gujarat Pipavav Port, Ltd. India Industrials 14,772,019 20,442,381
HSBC Holdings PLC China/Hong Kong Financials 1,576,800 13,793,495
Haidilao International Holding, Ltd. China/Hong Kong Consumer Discretionary 2,081,000 4,731,751
Net Cash n.a. 316,718,570


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