Matthews Asia Focus Fund

Portfolio Holdings: 3/31/2018

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
AIA Group, Ltd. China/Hong Kong Financials 69,200 591,569
Tencent Holdings, Ltd. China/Hong Kong Information Technology 9,500 509,956
PT Matahari Department Store Indonesia Consumer Discretionary 401,000 320,300
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 37,000 313,397
Coway Co., Ltd. South Korea Consumer Discretionary 3,694 305,827
United Overseas Bank, Ltd. Singapore Financials 14,500 305,112
Bharti Infratel, Ltd. India Telecom Services 55,488 288,253
Broadcom, Ltd. United States Information Technology 1,200 282,780
CK Hutchison Holdings, Ltd. China/Hong Kong Industrials 23,228 279,091
Jardine Matheson Holdings, Ltd. China/Hong Kong Industrials 4,500 277,318
Cie Financiere Richemont SA Switzerland Consumer Discretionary 3,076 276,415
Housing Development Finance Corp., Ltd. India Financials 9,446 266,076
Singapore Technologies Engineering, Ltd. Singapore Industrials 96,000 264,088
PT Bank Rakyat Indonesia Persero Indonesia Financials 1,004,100 263,516
Kasikornbank Public Co., Ltd. Thailand Financials 37,700 256,554
Singapore Telecommunications, Ltd. Singapore Telecom Services 99,000 255,687
Bank of the Philippine Islands Philippines Financials 112,990 254,536
Macquarie Group, Ltd. Australia Financials 3,189 254,282
Japan Tobacco, Inc. Japan Consumer Staples 8,900 254,246
Zhejiang Supor Cookware Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 40,300 252,872
NetEase, Inc. ADR China/Hong Kong Information Technology 900 252,351
Sheng Siong Group, Ltd. Singapore Consumer Staples 354,100 251,605
Samsung Electronics Co., Ltd. South Korea Information Technology 104 242,994
Xiabuxiabu Catering Management China Holdings Co., Ltd. China/Hong Kong Consumer Discretionary 127,000 242,273
HSBC Holdings PLC China/Hong Kong Financials 24,800 234,421
China Mobile, Ltd. China/Hong Kong Telecom Services 25,000 229,135
Genting Malaysia BHD Malaysia Consumer Discretionary 171,000 214,908
Hang Lung Group, Ltd. China/Hong Kong Real Estate 64,000 209,887
Ennoconn Corp. Taiwan Information Technology 12,000 199,068
Heineken Malaysia BHD Malaysia Consumer Staples 34,100 185,134
Techtronic Industries Co., Ltd. China/Hong Kong Consumer Discretionary 28,500 167,269
Tata Motors, Ltd. India Consumer Discretionary 18,213 92,444
Net Cash n.a. 333,990


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