Matthews Asia Value Fund

Portfolio Holdings: 9/30/2018

Security Country Sector Shares Value
Clear Media, Ltd. China/Hong Kong Consumer Discretionary 2,291,000 1,460,989
China National Accord Medicines Corp., Ltd. B Shares China/Hong Kong Health Care 385,800 1,428,467
CK Hutchison Holdings, Ltd. China/Hong Kong Industrials 122,500 1,410,066
Samsung SDI Co., Ltd., Pfd. South Korea Information Technology 14,421 1,306,529
MPHB Capital BHD Malaysia Financials 4,078,500 1,221,758
Shinyoung Securities Co., Ltd. South Korea Financials 14,667 771,248
Haw Par Corp., Ltd. Singapore Health Care 77,100 761,948
Straits Trading Co., Ltd. Singapore Materials 446,600 672,737
China Mobile, Ltd. China/Hong Kong Telecom Services 68,000 668,565
Young Poong Corp. South Korea Materials 899 626,480
YAMADA Consulting Group Co., Ltd. Japan Industrials 26,600 620,328
Kwangju Bank Co., Ltd. South Korea Financials 59,607 599,113
Hyundai Greenfood Co., Ltd. South Korea Consumer Staples 46,884 593,740
Hyundai Motor Co., Ltd., 2nd Pfd. South Korea Consumer Discretionary 7,392 564,613
Anhui Gujing Distillery Co., Ltd. B Shares China/Hong Kong Consumer Staples 86,900 561,326
Geumhwa PSC Co., Ltd. South Korea Industrials 18,429 536,630
Samho Development Co., Ltd. South Korea Industrials 101,090 530,398
DGB Financial Group, Inc. South Korea Financials 57,475 525,801
Samsung Fire & Marine Insurance Co., Ltd., Pfd. South Korea Financials 3,133 518,274
Honma Golf, Ltd. Japan Consumer Discretionary 531,000 501,945
Ohashi Technica, Inc. Japan Consumer Discretionary 34,500 499,576
News Corp. Class B United States Consumer Discretionary 33,900 461,040
Medikit Co., Ltd. Japan Health Care 8,400 452,456
Goldlion Holdings, Ltd. China/Hong Kong Consumer Discretionary 1,066,000 443,920
COSCO SHIPPING International Hong Kong Co., Ltd. China/Hong Kong Industrials 1,206,000 435,717
PW Medtech Group, Ltd. China/Hong Kong Health Care 2,034,000 417,501
P-Duke Technology Co., Ltd. Taiwan Industrials 162,000 415,616
Asante, Inc. Japan Consumer Discretionary 18,900 405,816
Genting BHD Malaysia Consumer Discretionary 212,500 400,971
CMS Edu Co., Ltd. South Korea Consumer Discretionary 57,470 398,785
Huangshan Tourism Development Co., Ltd. B Shares China/Hong Kong Consumer Discretionary 319,087 393,213
Naspers, Ltd. N Shares ADR South Africa Consumer Discretionary 9,100 389,389
Nissin Foods Co., Ltd. China/Hong Kong Consumer Staples 783,000 365,387
Nice Information & Telecommunication, Inc. South Korea Information Technology 18,031 364,115
Samsung Electronics Co., Ltd., Pfd. South Korea Information Technology 10,012 341,482
Huifu Payment, Ltd. China/Hong Kong Information Technology 581,600 338,038
San-A Co., Ltd. Japan Consumer Staples 7,100 317,416
Texwinca Holdings, Ltd. China/Hong Kong Consumer Discretionary 756,000 298,028
Qualcomm, Inc. China/Hong Kong Information Technology 3,300 237,699
Shandong Weigao Group Medical Polymer Co., Ltd. H Shares China/Hong Kong Health Care 228,000 224,993
Wipro, Ltd. India Information Technology 36,722 163,906
Net Cash n.a. 794,028


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