Matthews Asia ESG Fund


Top 10 Holdings as of 11/30/2018

Security Sector Country % Net Assets
Samsung SDI Co., Ltd., Pfd. Information Technology South Korea 6.2
Inner Mongolia Yili Industrial Group Co., Ltd. Consumer Staples China/Hong Kong 4.3
PT Bank Rakyat Indonesia Persero Financials Indonesia 3.4
Shriram City Union Finance, Ltd. Financials India 3.1
BRAC Bank, Ltd. Financials Bangladesh 3.0
CSPC Pharmaceutical Group, Ltd. Health Care China/Hong Kong 2.8
Total Access Communication Public Co., Ltd. NVDR Communication Services Thailand 2.6
Fuji Seal International, Inc. Materials Japan 2.6
Mahindra & Mahindra, Ltd. Consumer Discretionary India 2.3
MTR Corp., Ltd. Industrials China/Hong Kong 2.3
Total 32.6
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 9/30/2018

  Fund MSCI All Country Asia ex Japan IndexDifference
Industrials 19.2 6.9 12.3
Health Care 17.6 3.1 14.5
Information Technology 15.3 30.6 -15.3
Financials 14.3 23.3 -9.0
Consumer Discretionary 12.0 8.3 3.7
Consumer Staples 8.2 4.9 3.3
Telecom Services 6.2 4.1 2.1
Real Estate 2.7 5.8 -3.1
Materials 2.5 4.9 -2.4
Utilities 2.2 3.1 -0.9
Energy 0.0 5.1 -5.1
Cash and Other Assets, Less Liabilities 0.0 0.0 0.0
  Fund MSCI All Country Asia ex Japan IndexDifference
China/Hong Kong 23.2 46.5 -23.3
Japan 15.9 0.0 15.9
India 14.3 9.7 4.6
South Korea 13.9 16.9 -3.0
Taiwan 9.7 13.9 -4.2
Indonesia 5.7 2.2 3.5
Bangladesh 5.3 0.0 5.3
Singapore 3.7 4.0 -0.3
Thailand 2.7 2.8 -0.1
Vietnam 1.9 0.0 1.9
Philippines 1.6 1.1 0.5
Pakistan 1.1 0.1 1.0
Luxembourg 0.9 0.0 0.9
Malaysia 0.0 2.8 -2.8
Cash and Other Assets, Less Liabilities 0.0 0.0 0.0
Not all countries are included in the benchmark index. 
  Fund MSCI All Country Asia ex Japan Index Difference
Mega Cap (over $25B) 11.5 52.9 -41.4
Large Cap ($10B-$25B) 26.2 24.9 1.3
Mid Cap ($3B-$10B) 16.1 18.9 -2.8
Small Cap (under $3B) 46.2 3.3 42.9
Cash and Other Assets, Less Liabilities 0.0 0.0 0.0
Equity market cap of issuer.
Source: FactSet Research Systems.

Portfolio Characteristics as of 9/30/2018

Number of Securities1

64

Weighted Average
Market Cap

$14.3 billion

P/E using FY1 estimates

16.6x

P/E using FY2 estimates

13.3x

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.