Matthews Asia Dividend Fund


Top 10 Holdings as of 6/30/2020

Security Sector Country % Net Assets
Minth Group, Ltd. Consumer Discretionary China/Hong Kong 4.9
China Tourism Group Duty Free Corp., Ltd. Consumer Discretionary China/Hong Kong 3.8
Anritsu Corp. Information Technology Japan 3.8
Chongqing Brewery Co., Ltd. Consumer Staples China/Hong Kong 3.3
Taiwan Semiconductor Manufacturing Co., Ltd. Information Technology Taiwan 3.2
Breville Group, Ltd. Consumer Discretionary Australia 3.1
Hoya Corp. Health Care Japan 3.0
LG Chem, Ltd., Pfd. Materials South Korea 3.0
MISUMI Group, Inc. Industrials Japan 3.0
Shenzhou International Group Holdings, Ltd. Consumer Discretionary China/Hong Kong 2.7
Total 33.8
Top 10 holdings may combine more than one security from the same issuer and related depositary receipts.
Source: BNY Mellon Investment Servicing (US) Inc.

Portfolio Breakdown (%) as of 6/30/2020

  Fund MSCI All Country Asia Pacific Index Difference
Consumer Discretionary 29.2 16.5 12.7
Consumer Staples 13.4 6.7 6.7
Information Technology 13.0 15.0 -2.0
Industrials 11.8 10.9 0.9
Communication Services 11.5 11.2 0.3
Real Estate 8.8 4.6 4.2
Health Care 6.6 8.1 -1.5
Materials 3.5 5.6 -2.1
Financials 2.0 16.8 -14.8
Energy 0.0 2.5 -2.5
Utilities 0.0 2.2 -2.2
Cash and Other Assets, Less Liabilities 0.1 0.0 0.1
  Fund MSCI All Country Asia Pacific Index Difference
China/Hong Kong 35.5 30.0 5.5
Japan 31.9 35.3 -3.4
South Korea 8.6 7.1 1.5
Singapore 7.5 1.5 6.0
Australia 6.2 9.3 -3.1
Taiwan 3.7 7.5 -3.8
Philippines 2.0 0.5 1.5
India 1.6 4.9 -3.3
Thailand 1.6 1.4 0.2
Bangladesh 1.2 0.0 1.2
Malaysia 0.0 1.1 -1.1
Indonesia 0.0 0.9 -0.9
New Zealand 0.0 0.5 -0.5
Cash and Other Assets, Less Liabilities 0.1 0.0 0.1
Not all countries are included in the benchmark index.
  Fund MSCI All Country Asia Pacific Index Difference
Mega Cap (over $25B) 31.6 55.2 -23.6
Large Cap ($10B-$25B) 15.8 21.7 -5.9
Mid Cap ($3B-$10B) 29.8 20.8 9.0
Small Cap (under $3B) 22.7 2.3 20.4
Cash and Other Assets, Less Liabilities 0.1 0.0 0.1
Equity market cap of issuer.
  Fund
Common Equities and ADRs 95.1
Preferred Equities 4.8
Cash and Other Assets, Less Liabilities 0.1
Source: FactSet Research Systems.

Portfolio Characteristics as of 6/30/2020

Number of Securities1

57

Weighted Average
Market Cap

$45.5 billion

P/E using FY1 estimates

21.8x

P/E using FY2 estimates

17.0x

1Source: BNY Mellon Investment Servicing (US) Inc.
Source: FactSet Research Systems unless otherwise noted. Sector data (excluding Government Bonds) based on MSCI’s revised Global Industry Classification Standards. For more details, visit www.msci.com.

Additional performance, attribution, liquidity, value at risk (VaR), security classification and holdings information is available on request for certain time periods.

Percentage values in data are rounded to the nearest tenth of one percent, so the values may not sum to 100% due to rounding.  Percentage values may be derived from different data sources and may not be consistent with other Fund literature. 

The P/E Ratio is the share price of a stock as of the report date, divided by the forecasted earnings per share for a 12-month period (FY1) and 24 month period (FY2). For the Fund, this is the weighted harmonic average estimated P/E ratio of all the underlying stocks in the Fund, excluding negative earners. There is no guarantee that the composition of the Fund will remain unchanged, or that forecasted earnings of a stock will be realized. Information provided is for illustrative purposes only.

Index Definitions

The information contained in this document does not, in any way, constitute investment advice. It should not be assumed that any investment will be profitable or will equal the performance of the portfolios or any securities or any sectors mentioned herein. The information does not constitute a recommendation to buy or sell any securities mentioned. Information on this document is from sources considered reliable, but no representation or warranty is made as to its completeness or accuracy.