Matthews Emerging Asia Fund

Top 10 Holdings as of 1/31/2020

Security Sector Country % Net Assets
Phu Nhuan Jewelry JSC Consumer Discretionary Vietnam 3.6
Sampath Bank PLC Financials Sri Lanka 3.2
Cosco Capital, Inc. Consumer Staples Philippines 3.1
L&T Finance Holdings, Ltd. Financials India 3.1
British American Tobacco Bangladesh Co., Ltd. Consumer Staples Bangladesh 3.1
PT Kino Indonesia Consumer Staples Indonesia 3.1
Vinh Hoan Corp. Consumer Staples Vietnam 3.1
John Keells Holdings PLC Industrials Sri Lanka 3.0
PT Bank Mandiri Persero Financials Indonesia 3.0
Square Pharmaceuticals, Ltd. Health Care Bangladesh 2.9
Total 31.2
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 12/31/2019

  Fund MSCI Emerging Markets Asia Index Difference
Consumer Staples 30.4 5.4 25.0
Financials 25.2 20.3 4.9
Consumer Discretionary 20.5 16.2 4.3
Industrials 7.9 5.8 2.1
Health Care 6.7 3.3 3.4
Materials 3.7 5.0 -1.3
Real Estate 3.2 3.3 -0.1
Information Technology 1.1 21.2 -20.1
Energy 0.9 4.6 -3.7
Communication Services 0.0 12.6 -12.6
Utilities 0.0 2.3 -2.3
Cash and Other Assets, Less Liabilities 0.4 0.0 0.4
  Fund MSCI Emerging Markets Asia Index Difference
Vietnam 22.2 0.0 22.2
Indonesia 17.8 2.6 15.2
Pakistan 16.6 0.0 16.6
Sri Lanka 15.0 0.0 15.0
Bangladesh 11.9 0.0 11.9
Philippines 7.5 1.3 6.2
India 6.8 11.7 -4.9
Australia 0.9 0.0 0.9
Singapore 0.9 0.0 0.9
China/Hong Kong 0.0 46.6 -46.6
South Korea 0.0 15.9 -15.9
Taiwan 0.0 15.9 -15.9
Thailand 0.0 3.5 -3.5
Malaysia 0.0 2.5 -2.5
Cash and Other Assets, Less Liabilities 0.4 0.0 0.4
Not all countries are included in the benchmark index. 
  Fund MSCI Emerging Markets Asia Index Difference
Mega Cap (over $25B) 2.8 55.2 -52.4
Large Cap ($10B-$25B) 0.0 22.3 -22.3
Mid Cap ($3B-$10B) 11.5 19.2 -7.7
Small Cap (under $3B) 85.4 3.4 82.0
Cash and Other Assets, Less Liabilities 0.4 0.0 0.4
Equity market cap of issuer.
Source: FactSet Research Systems.

Portfolio Characteristics as of 12/31/2019

Number of Securities1


Weighted Average
Market Cap

$1.9 billion

P/E using FY1 estimates


P/E using FY2 estimates


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

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.