Matthews Asia ESG Fund

Portfolio Holdings: 12/31/2018

Security Country Sector Shares Value
Samsung SDI Co., Ltd., Pfd. South Korea Information Technology 18,258 1,412,730
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares China/Hong Kong Consumer Staples 406,300 1,357,001
PT Bank Rakyat Indonesia Persero Indonesia Financials 4,102,100 1,045,044
Unicharm Corp. Japan Consumer Staples 30,600 989,664
BRAC Bank, Ltd. Bangladesh Financials 946,839 820,443
Fuji Seal International, Inc. Japan Materials 22,300 786,025
MTR Corp., Ltd. China/Hong Kong Industrials 148,000 778,898
Total Access Communication Public Co., Ltd. NVDR Thailand Communication Services 579,000 774,926
Mahindra & Mahindra, Ltd. India Consumer Discretionary 66,975 770,621
Shriram City Union Finance, Ltd. India Financials 32,473 739,018
Sohgo Security Services Co., Ltd. Japan Industrials 15,300 714,857
HKBN, Ltd. China/Hong Kong Communication Services 453,000 686,767
Tsukui Corp. Japan Health Care 89,000 677,155
China Conch Venture Holdings, Ltd. China/Hong Kong Industrials 212,000 631,233
CSPC Pharmaceutical Group, Ltd. China/Hong Kong Health Care 406,000 582,801
IndusInd Bank, Ltd. India Financials 25,411 581,854
Haier Electronics Group Co., Ltd. China/Hong Kong Consumer Discretionary 220,000 541,101
Syngene International, Ltd. India Health Care 63,721 512,204
Hanon Systems South Korea Consumer Discretionary 50,663 490,950
Puregold Price Club, Inc. Philippines Consumer Staples 596,630 487,391
Bharat Financial Inclusion, Ltd. India Financials 33,441 484,768
Wuxi Biologics Cayman, Inc. China/Hong Kong Health Care 75,000 479,142
SATS, Ltd. Singapore Industrials 135,400 463,754
Square Pharmaceuticals, Ltd. Bangladesh Health Care 151,616 458,814
Hong Kong Exchanges & Clearing, Ltd. China/Hong Kong Financials 15,400 445,192
Lupin, Ltd. India Health Care 36,292 438,492
GrameenPhone, Ltd. Bangladesh Communication Services 98,057 429,277
Han's Laser Technology Industry Group Co., Ltd. A Shares China/Hong Kong Industrials 96,675 429,197
Guangdong Investment, Ltd. China/Hong Kong Utilities 218,000 421,215
Poya International Co., Ltd. Taiwan Consumer Discretionary 40,000 414,707
Sporton International, Inc. Taiwan Industrials 86,903 404,612
Delta Electronics, Inc. Taiwan Information Technology 92,000 389,595
Delfi, Ltd. Singapore Consumer Staples 382,300 367,338
Nam Long Investment Corp. Vietnam Real Estate 327,423 365,601
Zhen Ding Technology Holding, Ltd. Taiwan Information Technology 136,000 355,936
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 47,000 343,378
Bunka Shutter Co., Ltd. Japan Industrials 51,400 334,004
Raffles Medical Group, Ltd. Singapore Health Care 398,900 322,061
Contemporary Amperex Technology Co., Ltd. A Shares China/Hong Kong Industrials 29,000 313,645
KT Skylife Co., Ltd. South Korea Communication Services 30,220 311,437
Sitronix Technology Corp. Taiwan Information Technology 94,000 310,062
PT Arwana Citramulia Indonesia Industrials 10,550,200 308,484
iMarketKorea, Inc. South Korea Industrials 48,851 303,210
TeamLease Services, Ltd. India Industrials 7,379 302,508
LITALICO, Inc. Japan Consumer Discretionary 17,900 263,889
Ipca Laboratories, Ltd. India Health Care 22,284 255,773
Abbott Laboratories Pakistan, Ltd. Pakistan Health Care 54,500 246,039
PT Jaya Real Property Indonesia Real Estate 4,774,000 245,672
PT BFI Finance Indonesia Indonesia Financials 5,086,800 235,238
Merida Industry Co., Ltd. Taiwan Consumer Discretionary 52,000 234,456
Merry Electronics Co., Ltd. Taiwan Information Technology 55,000 220,934
Koa Corp. Japan Information Technology 18,400 217,277
DGB Financial Group, Inc. South Korea Financials 28,334 211,067
AIA Group, Ltd. China/Hong Kong Financials 25,200 209,332
L'Occitane International SA Luxembourg Consumer Discretionary 105,250 191,545
Power Grid Corp. of India, Ltd. India Utilities 66,930 190,366
Wipro, Ltd. India Information Technology 36,513 172,792
Sosei Group Corp. Japan Health Care 19,200 139,038
Beijing Urban Construction Design & Development Group Co., Ltd. H Shares China/Hong Kong Industrials 370,000 128,523
Samjin Pharmaceutical Co., Ltd. South Korea Health Care 3,337 120,383
Career Co., Ltd. Japan Industrials 13,600 77,309
Bank Alfalah, Ltd. Pakistan Financials 17,850 5,228
Merry Electronics Co., Ltd., Rights, Expires 01/15/2019 Taiwan Information Technology 886 311
Net Cash n.a. 4,589,509


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