Matthews Emerging Asia Fund

Portfolio Holdings: 6/30/2018

Security Country Sector Shares Value
Sampath Bank PLC Sri Lanka Financials 8,599,412 16,465,457
Tongda Group Holdings, Ltd. China/Hong Kong Information Technology 77,640,000 15,691,185
Saigon Beer Alcohol Beverage Corp. Vietnam Consumer Staples 1,462,000 14,315,077
British American Tobacco Bangladesh Co., Ltd. Bangladesh Consumer Staples 313,130 12,932,630
Cosco Capital, Inc. Philippines Consumer Staples 112,863,600 12,858,213
BRAC Bank, Ltd. Bangladesh Financials 14,451,350 12,293,878
Phu Nhuan Jewelry JSC Vietnam Consumer Discretionary 3,095,524 11,708,554
PT Bank Mandiri Persero Indonesia Financials 24,454,000 11,699,483
Shenzhou International Group Holdings, Ltd. China/Hong Kong Consumer Discretionary 939,000 11,554,756
PT Gudang Garam Indonesia Consumer Staples 2,425,300 11,363,946
Vinh Hoan Corp. Vietnam Consumer Staples 4,421,900 11,273,584
Nam Long Investment Corp. Vietnam Real Estate 8,711,871 10,564,479
Indus Motor Co., Ltd. Pakistan Consumer Discretionary 882,850 10,332,943
PT Ramayana Lestari Sentosa Indonesia Consumer Discretionary 99,165,900 10,301,691
Square Pharmaceuticals, Ltd. Bangladesh Health Care 2,796,774 9,794,306
Berger Paints Bangladesh, Ltd. Bangladesh Materials 557,044 9,073,637
Ceylon Cold Stores PLC Sri Lanka Consumer Staples 1,387,119 8,731,316
Taisun International Holding Corp. Vietnam Consumer Staples 1,900,000 8,693,442
San Miguel Food and Beverage, Inc. Philippines Consumer Staples 7,533,700 8,441,753
Luk Fook Holdings International, Ltd. China/Hong Kong Consumer Discretionary 1,986,000 8,203,737
Balkrishna Industries, Ltd. India Consumer Discretionary 531,078 8,084,110
Hascol Petroleum, Ltd. Pakistan Consumer Discretionary 3,121,700 8,064,961
PT Kino Indonesia Indonesia Consumer Staples 62,128,100 7,624,079
PAK Suzuki Motor Co., Ltd. Pakistan Consumer Discretionary 2,288,000 7,410,897
John Keells Holdings PLC Sri Lanka Industrials 7,687,955 7,163,445
PT Matahari Department Store Indonesia Consumer Discretionary 11,013,200 6,745,087
PT Adira Dinamika Multi Finance Indonesia Financials 11,372,900 6,349,142
PC Jeweller, Ltd. India Consumer Discretionary 3,094,879 6,195,619
Shifa International Hospitals, Ltd. Pakistan Health Care 2,783,351 6,187,771
Masan Group Corp. Vietnam Consumer Staples 1,758,170 6,040,521
K-Electric, Ltd. Pakistan Utilities 122,221,500 5,716,082
Thien Long Group Corp. Vietnam Industrials 1,320,805 5,660,963
PT Hexindo Adiperkasa Indonesia Industrials 22,802,000 5,484,070
STI Education Systems Holdings, Inc. Philippines Consumer Discretionary 254,154,000 5,429,064
Military Commercial Joint Stock Bank Vietnam Financials 4,707,780 5,356,103
PT Bank Tabungan Pensiunan Nasional Syariah Indonesia Financials 47,530,100 5,257,167
Shriram Transport Finance Co., Ltd. India Financials 268,352 5,092,472
Mobile World Investment Corp. Vietnam Consumer Discretionary 1,020,454 5,059,339
ICI Pakistan, Ltd. Pakistan Materials 763,850 5,040,970
PT Mayora Indah Indonesia Consumer Staples 24,273,200 5,030,578
National Seed JSC Vietnam Consumer Staples 979,585 4,731,841
Lanka Orix Leasing Co. PLC Sri Lanka Financials 7,511,241 4,673,767
Emperador, Inc. Philippines Consumer Staples 33,504,400 4,639,481
Shriram City Union Finance, Ltd. India Financials 153,789 4,544,567
Shakey's Pizza Asia Ventures, Inc. Philippines Consumer Discretionary 18,868,100 4,313,315
GlaxoSmithKline Consumer Healthcare Pakistan, Ltd. Pakistan Consumer Staples 1,258,357 4,196,768
The City Bank, Ltd. Bangladesh Financials 10,442,784 4,192,336
Praj Industries, Ltd. India Industrials 3,594,497 4,136,326
The Searle Company, Ltd. Pakistan Health Care 1,452,834 4,061,236
Marico Bangladesh, Ltd. Bangladesh Consumer Staples 289,217 4,008,504
Olympic Industries, Ltd. Bangladesh Consumer Staples 1,416,833 3,791,988
Pakistan Petroleum, Ltd. Pakistan Energy 2,127,300 3,762,803
Tien Phong Plastic JSC Vietnam Industrials 1,861,224 3,729,177
United Bank, Ltd. Pakistan Financials 2,660,200 3,701,281
Teejay Lanka PLC Sri Lanka Consumer Discretionary 18,872,680 3,695,850
PT BFI Finance Indonesia Indonesia Financials 73,579,500 3,491,560
Domesco Medical Import Export JSC Vietnam Health Care 867,970 3,421,447
Red Star Macalline Group Corp., Ltd. H Shares China/Hong Kong Real Estate 2,429,000 3,271,973
Oil Search, Ltd. Australia Energy 467,309 3,070,198
Caplin Point Laboratories, Ltd. India Health Care 489,805 3,052,294
Akzo Nobel Pakistan, Ltd. Pakistan Materials 1,975,300 3,037,522
Supreme Industries, Ltd. India Materials 178,934 2,951,728
Yoma Strategic Holdings, Ltd. Singapore Real Estate 10,610,166 2,876,729
PT Catur Sentosa Adiprana Indonesia Consumer Discretionary 70,131,000 2,838,519
Ceylon Tobacco Co. PLC Sri Lanka Consumer Staples 379,231 2,687,198
Habib Bank, Ltd. Pakistan Financials 1,885,000 2,583,280
Vakrangee, Ltd. India Information Technology 2,626,038 2,562,222
Future Bright Holdings, Ltd. China/Hong Kong Consumer Discretionary 18,612,000 2,562,068
VST Industries, Ltd. India Consumer Staples 60,083 2,545,295
National Foods, Ltd. Pakistan Consumer Staples 958,500 2,517,513
Expolanka Holdings PLC Sri Lanka Industrials 94,231,424 2,381,085
Meezan Bank, Ltd. Pakistan Financials 3,472,560 2,336,580
Lix Detergent JSC Vietnam Consumer Staples 1,254,405 2,278,402
Hum Network, Ltd. Pakistan Consumer Discretionary 17,939,500 1,193,647
Dinh Vu Port Investment & Development JSC Vietnam Industrials 517,520 1,090,269
Kwality, Ltd. India Consumer Staples 2,533,204 844,420
Poly Medicure, Ltd. India Health Care 234,582 726,531
Net Cash n.a. 25,707,332


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