Matthews Asia Focus Fund

Portfolio Holdings: 12/31/2018

Security Country Sector Shares Value
AIA Group, Ltd. China/Hong Kong Financials 48,400 402,050
Tencent Holdings, Ltd. China/Hong Kong Communication Services 8,500 340,683
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 39,000 284,931
PT Bank Rakyat Indonesia Persero Indonesia Financials 938,100 238,989
Jardine Matheson Holdings, Ltd. China/Hong Kong Industrials 3,400 236,738
Housing Development Finance Corp., Ltd. India Financials 8,264 232,832
Singapore Technologies Engineering, Ltd. Singapore Industrials 89,700 229,945
United Overseas Bank, Ltd. Singapore Financials 11,400 206,226
CK Hutchison Holdings, Ltd. China/Hong Kong Industrials 21,228 203,751
Singapore Telecommunications, Ltd. Singapore Communication Services 92,500 199,082
Broadcom, Inc. United States Information Technology 780 198,338
Bank of the Philippine Islands Philippines Financials 109,645 195,820
Coway Co., Ltd. South Korea Consumer Discretionary 2,944 195,510
China Mobile, Ltd. China/Hong Kong Communication Services 19,500 188,694
Cie Financiere Richemont SA Switzerland Consumer Discretionary 2,879 185,660
Bharti Infratel, Ltd. India Communication Services 48,551 180,080
China Overseas Property Holdings, Ltd. China/Hong Kong Real Estate 615,000 179,636
Kasikornbank Public Co., Ltd. Thailand Financials 30,800 176,399
Xiabuxiabu Catering Management China Holdings Co., Ltd. China/Hong Kong Consumer Discretionary 112,500 175,872
Sheng Siong Group, Ltd. Singapore Consumer Staples 221,400 172,097
Samsung Electronics Co., Ltd. South Korea Information Technology 4,865 169,359
HSBC Holdings PLC China/Hong Kong Financials 20,000 165,028
JNBY Design, Ltd. China/Hong Kong Consumer Discretionary 117,000 163,981
NetEase, Inc. ADR China/Hong Kong Communication Services 690 162,405
Techtronic Industries Co., Ltd. China/Hong Kong Consumer Discretionary 30,000 159,200
Zhejiang Supor Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 20,400 156,129
Macquarie Group, Ltd. Australia Financials 2,033 155,720
Poya International Co., Ltd. Taiwan Consumer Discretionary 14,000 145,148
Cognizant Technology Solutions Corp. Class A United States Information Technology 2,270 144,100
Prudential PLC United Kingdom Financials 8,024 143,280
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. A Shares China/Hong Kong Consumer Staples 9,600 132,989
Johnson Electric Holdings, Ltd. China/Hong Kong Industrials 62,000 126,462
Genting Malaysia BHD Malaysia Consumer Discretionary 159,600 116,536
Orange Life Insurance, Ltd. South Korea Financials 4,187 105,039
Ennoconn Corp. Taiwan Information Technology 11,000 88,352
Net Cash n.a. 57,457


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