Matthews Asia Value Fund

Portfolio Holdings: 12/31/2018

Security Country Sector Shares Value
China National Accord Medicines Corp., Ltd. B Shares China/Hong Kong Health Care 348,607 1,163,587
MPHB Capital BHD Malaysia Financials 4,317,000 1,147,684
Clear Media, Ltd. China/Hong Kong Communication Services 1,393,000 1,086,933
CK Hutchison Holdings, Ltd. China/Hong Kong Industrials 107,000 1,027,009
Samsung SDI Co., Ltd., Pfd. South Korea Information Technology 11,654 901,739
Straits Trading Co., Ltd. Singapore Materials 459,600 689,571
Shinyoung Securities Co., Ltd. South Korea Financials 12,323 653,547
China Mobile, Ltd. China/Hong Kong Communication Services 65,500 633,817
Haw Par Corp., Ltd. Singapore Health Care 70,900 625,275
Geumhwa PSC Co., Ltd. South Korea Industrials 20,901 558,056
DGB Financial Group, Inc. South Korea Financials 73,827 549,956
Naspers, Ltd. N Shares ADR China/Hong Kong Communication Services 13,000 515,515
Anhui Gujing Distillery Co., Ltd. B Shares China/Hong Kong Consumer Staples 102,900 512,424
China Isotope & Radiation Corp. China/Hong Kong Health Care 251,800 499,077
Samsung Fire & Marine Insurance Co., Ltd., Pfd. South Korea Financials 3,133 487,583
Hyundai Greenfood Co., Ltd. South Korea Consumer Staples 37,451 480,015
Hyundai Motor Co., Ltd., 2nd Pfd. South Korea Consumer Discretionary 6,764 466,751
Young Poong Corp. South Korea Materials 697 464,399
YAMADA Consulting Group Co., Ltd. Japan Industrials 29,100 440,830
Huifu Payment, Ltd. China/Hong Kong Information Technology 1,062,000 437,454
Medikit Co., Ltd. Japan Health Care 7,400 374,230
Samho Development Co., Ltd. South Korea Industrials 81,436 368,312
Nissin Foods Co., Ltd. China/Hong Kong Consumer Staples 783,000 359,525
Honma Golf, Ltd. Japan Consumer Discretionary 311,000 358,033
NAVER Corp. South Korea Communication Services 3,110 340,843
P-Duke Technology Co., Ltd. Taiwan Industrials 133,000 329,387
Cognizant Technology Solutions Corp. Class A United States Information Technology 5,100 323,748
Genting BHD Malaysia Consumer Discretionary 212,500 313,498
Asante, Inc. Japan Consumer Discretionary 16,500 300,956
Ohashi Technica, Inc. Japan Consumer Discretionary 27,300 288,722
San-A Co., Ltd. Japan Consumer Staples 7,100 268,436
Shandong Weigao Group Medical Polymer Co., Ltd. H Shares China/Hong Kong Health Care 296,000 239,116
Huangshan Tourism Development Co., Ltd. B Shares China/Hong Kong Consumer Discretionary 161,487 195,344
Goldlion Holdings, Ltd. China/Hong Kong Consumer Discretionary 496,000 195,094
COSCO SHIPPING International Hong Kong Co., Ltd. China/Hong Kong Industrials 568,000 195,012
Wipro, Ltd. India Information Technology 36,722 173,781
PW Medtech Group, Ltd. China/Hong Kong Health Care 818,000 106,421
Net Cash n.a. 5,123,329


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