Matthews Emerging Asia Fund


Top 10 Holdings as of 4/30/2020

Security Sector Country % Net Assets
British American Tobacco Bangladesh Co., Ltd. Consumer Staples Bangladesh 4.3
Square Pharmaceuticals, Ltd. Health Care Bangladesh 4.1
Vinh Hoan Corp. Consumer Staples Vietnam 4.0
Berger Paints Bangladesh, Ltd. Materials Bangladesh 3.6
John Keells Holdings PLC Industrials Sri Lanka 3.6
Sampath Bank PLC Financials Sri Lanka 3.3
PT Kino Indonesia Consumer Staples Indonesia 3.1
PT Gudang Garam Consumer Staples Indonesia 3.1
Indus Motor Co., Ltd. Consumer Discretionary Pakistan 3.1
Mobile World Investment Corp. Consumer Discretionary Vietnam 3.0
Total 35.2
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 3/31/2020

  Fund MSCI Emerging Markets Asia Index Difference
Consumer Staples 31.1 5.7 25.4
Financials 20.5 18.6 1.9
Consumer Discretionary 18.0 16.9 1.1
Health Care 9.0 4.1 4.9
Industrials 7.8 5.3 2.5
Materials 4.9 4.5 0.4
Real Estate 2.9 3.2 -0.3
Energy 0.6 3.8 -3.2
Information Technology 0.0 21.2 -21.2
Communication Services 0.0 14.5 -14.5
Utilities 0.0 2.2 -2.2
Cash and Other Assets, Less Liabilities 5.3 0.0 5.3
  Fund MSCI Emerging Markets Asia Index Difference
Vietnam 21.0 0.0 21.0
Pakistan 16.7 0.0 16.7
Bangladesh 16.7 0.0 16.7
Sri Lanka 15.8 0.0 15.8
Indonesia 13.9 1.9 12.0
Philippines 6.3 1.1 5.2
India 2.9 9.8 -6.9
Singapore 0.8 0.0 0.8
Australia 0.6 0.0 0.6
China/Hong Kong 0.0 51.5 -51.5
Taiwan 0.0 15.5 -15.5
South Korea 0.0 15.0 -15.0
Thailand 0.0 2.8 -2.8
Malaysia 0.0 2.4 -2.4
Cash and Other Assets, Less Liabilities 5.3 0.0 5.3
Not all countries are included in the benchmark index. 
  Fund MSCI Emerging Markets Asia Index Difference
Mega Cap (over $25B) 0.0 54.7 -54.7
Large Cap ($10B-$25B) 1.3 19.8 -18.5
Mid Cap ($3B-$10B) 2.7 19.9 -17.2
Small Cap (under $3B) 90.8 5.6 85.2
Cash and Other Assets, Less Liabilities 5.3 0.0 5.3
Equity market cap of issuer.
Source: FactSet Research Systems.

Portfolio Characteristics as of 3/31/2020

Number of Securities1

52

Weighted Average
Market Cap

$864.0 million

P/E using FY1 estimates

7.0x

P/E using FY2 estimates

5.8x

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 www.msci.com.

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.