Matthews Emerging Asia Fund

Portfolio Holdings: 9/30/2018

Security Country Sector Shares Value
Vinh Hoan Corp. Vietnam Consumer Staples 4,421,900 18,035,757
Phu Nhuan Jewelry JSC Vietnam Consumer Discretionary 3,095,523 14,011,755
Saigon Beer Alcohol Beverage Corp. Vietnam Consumer Staples 1,462,000 13,944,700
San Miguel Food and Beverage, Inc. Philippines Consumer Staples 7,533,700 13,511,300
British American Tobacco Bangladesh Co., Ltd. Bangladesh Consumer Staples 313,130 12,642,300
Sampath Bank PLC Sri Lanka Financials 8,599,412 12,201,679
Nam Long Investment Corp. Vietnam Real Estate 8,711,871 12,144,929
Cosco Capital, Inc. Philippines Consumer Staples 112,863,600 12,115,656
BRAC Bank, Ltd. Bangladesh Financials 14,451,350 12,099,330
PT Gudang Garam Indonesia Consumer Staples 2,425,300 12,049,311
Shenzhou International Group Holdings, Ltd. China/Hong Kong Consumer Discretionary 939,000 12,048,431
Square Pharmaceuticals, Ltd. Bangladesh Health Care 3,666,874 11,823,695
Tongda Group Holdings, Ltd. China/Hong Kong Information Technology 77,640,000 11,379,772
PT Bank Mandiri Persero Indonesia Financials 24,454,000 11,019,307
Meezan Bank, Ltd. Pakistan Financials 14,819,816 10,642,867
Indus Motor Co., Ltd. Pakistan Consumer Discretionary 904,590 10,122,321
Taisun International Holding Corp. Vietnam Consumer Staples 2,090,000 9,103,920
PT Ramayana Lestari Sentosa Indonesia Consumer Discretionary 99,165,900 8,647,678
Berger Paints Bangladesh, Ltd. Bangladesh Materials 557,044 8,333,269
Balkrishna Industries, Ltd. India Consumer Discretionary 531,078 7,463,133
Masan Group Corp. Vietnam Consumer Staples 1,758,170 6,996,900
Ceylon Cold Stores PLC Sri Lanka Consumer Staples 1,387,119 6,964,515
Luk Fook Holdings International, Ltd. China/Hong Kong Consumer Discretionary 1,986,000 6,910,349
Hascol Petroleum, Ltd. Pakistan Consumer Discretionary 3,121,700 6,846,553
PT Kino Indonesia Indonesia Consumer Staples 62,128,100 6,795,880
PT Adira Dinamika Multi Finance Indonesia Financials 11,372,900 6,410,922
Shifa International Hospitals, Ltd. Pakistan Health Care 2,783,351 6,140,272
John Keells Holdings PLC Sri Lanka Industrials 7,687,955 5,970,713
PAK Suzuki Motor Co., Ltd. Pakistan Consumer Discretionary 2,288,000 5,708,392
Mobile World Investment Corp. Vietnam Consumer Discretionary 1,020,454 5,556,883
Military Commercial Joint Stock Bank Vietnam Financials 5,602,258 5,547,843
Thien Long Group Corp. Vietnam Industrials 1,717,046 5,505,735
PT Bank Tabungan Pensiunan Nasional Syariah Indonesia Financials 47,530,100 5,310,715
PT Matahari Department Store Indonesia Consumer Discretionary 11,013,200 5,117,875
National Seed JSC Vietnam Consumer Staples 979,585 4,875,813
ICI Pakistan, Ltd. Pakistan Materials 763,850 4,666,141
PT Hexindo Adiperkasa Indonesia Industrials 22,802,000 4,575,243
PT Mayora Indah Indonesia Consumer Staples 24,273,200 4,428,783
Emperador, Inc. Philippines Consumer Staples 33,504,400 4,365,556
Praj Industries, Ltd. India Industrials 3,594,497 4,346,855
Marico Bangladesh, Ltd. Bangladesh Consumer Staples 289,217 4,264,284
Shriram Transport Finance Co., Ltd. India Financials 268,352 4,261,665
Shakey's Pizza Asia Ventures, Inc. Philippines Consumer Discretionary 18,868,100 4,190,583
STI Education Systems Holdings, Inc. Philippines Consumer Discretionary 254,154,000 4,186,509
The City Bank, Ltd. Bangladesh Financials 10,442,784 3,947,616
Tien Phong Plastic JSC Vietnam Industrials 1,861,224 3,941,462
Lanka Orix Leasing Co. PLC Sri Lanka Financials 7,511,241 3,825,035
Domesco Medical Import Export JSC Vietnam Health Care 1,031,590 3,696,964
The Searle Company, Ltd. Pakistan Health Care 1,452,834 3,689,393
Pakistan Petroleum, Ltd. Pakistan Energy 2,127,300 3,657,032
GlaxoSmithKline Consumer Healthcare Pakistan, Ltd. Pakistan Consumer Staples 1,258,357 3,521,535
Shriram City Union Finance, Ltd. India Financials 153,789 3,507,615
Olympic Industries, Ltd. Bangladesh Consumer Staples 1,416,833 3,450,751
Teejay Lanka PLC Sri Lanka Consumer Discretionary 19,493,884 3,320,561
Ceylon Tobacco Co. PLC Sri Lanka Consumer Staples 379,231 3,056,639
Oil Search, Ltd. Australia Energy 467,309 3,052,429
PT BFI Finance Indonesia Indonesia Financials 73,579,500 3,036,701
Caplin Point Laboratories, Ltd. India Health Care 489,805 2,776,378
PT Catur Sentosa Adiprana Indonesia Consumer Discretionary 70,131,000 2,771,772
PC Jeweller, Ltd. India Consumer Discretionary 3,094,879 2,664,124
Lix Detergent JSC Vietnam Consumer Staples 1,254,405 2,661,796
Akzo Nobel Pakistan, Ltd. Pakistan Materials 1,975,300 2,583,415
Supreme Industries, Ltd. India Materials 178,934 2,484,849
VST Industries, Ltd. India Consumer Staples 60,083 2,320,931
National Foods, Ltd. Pakistan Consumer Staples 958,500 2,238,404
Expolanka Holdings PLC Sri Lanka Industrials 94,231,424 2,229,340
Future Bright Holdings, Ltd. China/Hong Kong Consumer Discretionary 18,612,000 2,115,986
Yoma Strategic Holdings, Ltd. Singapore Real Estate 10,610,166 2,054,843
Red Star Macalline Group Corp., Ltd. H Shares China/Hong Kong Real Estate 1,310,791 1,262,461
Dinh Vu Port Investment & Development JSC Vietnam Industrials 505,850 1,035,187
Vakrangee, Ltd. India Information Technology 2,626,038 1,028,493
Hum Network, Ltd. Pakistan Consumer Discretionary 17,939,500 939,014
Poly Medicure, Ltd. India Health Care 234,582 691,870
Kwality, Ltd. India Consumer Staples 2,533,204 464,776
Net Cash n.a. 13,954,074


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