Matthews Asia Credit Opportunities Fund

Portfolio Holdings: 9/30/2018

Security Currency Country Sector Quantity Value
Zhongsheng Group Holdings, Ltd., Cnv., 0.000%, 05/23/2023 Hong Kong Dollar China/Hong Kong Consumer Discretionary 17,000,000 2,076,587
Standard Chartered PLC, 6.500%, 12/29/2049 U.S. Dollar China/Hong Kong Financials 1,850,000 1,844,628
Debt and Asset Trading Corp., 1.000%, 10/10/2025 U.S. Dollar Vietnam Financials 2,700,000 1,842,750
West China Cement, Ltd., 6.500%, 09/11/2019 U.S. Dollar China/Hong Kong Materials 1,800,000 1,817,986
Ctrip.com International, Ltd., Cnv., 1.250%, 09/15/2022 U.S. Dollar China/Hong Kong Consumer Discretionary 1,850,000 1,809,485
China Overseas Finance Investment Cayman V, Ltd., Cnv., 0.000%, 01/05/2023 U.S. Dollar China/Hong Kong Real Estate 1,600,000 1,688,400
Chinalco Capital Holdings, Ltd., 4.000%, 08/25/2021 U.S. Dollar China/Hong Kong Materials 1,543,000 1,489,072
Olam International, Ltd., 4.500%, 04/12/2021 U.S. Dollar Singapore Consumer Staples 1,500,000 1,471,551
Wanda Properties International Co., Ltd., 7.250%, 01/29/2024 U.S. Dollar China/Hong Kong Real Estate 1,550,000 1,468,743
Socialist Republic of Vietnam, 5.500%, 03/12/2028 U.S. Dollar Vietnam Foreign Government Bonds 1,440,000 1,395,173
TBG Global Pte, Ltd., 5.250%, 02/10/2022 U.S. Dollar Indonesia Telecom Services 1,400,000 1,377,695
SoftBank Group Corp., 6.000%, 07/19/2049 U.S. Dollar Japan Telecom Services 1,500,000 1,376,541
KWG Group Holdings, Ltd., 6.000%, 09/15/2022 U.S. Dollar China/Hong Kong Real Estate 1,500,000 1,353,084
Krung Thai Bank Public Co., Ltd., 5.200%, 12/26/2024 U.S. Dollar Thailand Financials 1,300,000 1,311,740
ICTSI Treasury BV, 4.625%, 01/16/2023 U.S. Dollar Philippines Industrials 1,300,000 1,287,000
Modernland Overseas Pte, Ltd., 6.950%, 04/13/2024 U.S. Dollar Indonesia Real Estate 1,400,000 1,215,969
DFCC Bank PLC, 9.625%, 10/31/2018 U.S. Dollar Sri Lanka Financials 1,200,000 1,202,496
HSBC Holdings PLC, 6.375%, 12/29/2049 U.S. Dollar China/Hong Kong Financials 1,100,000 1,090,375
Vipshop Holdings, Ltd., Cnv., 1.500%, 03/15/2019 U.S. Dollar China/Hong Kong Consumer Discretionary 1,100,000 1,078,688
CIFI Holdings Group Co., Ltd., 6.875%, 04/23/2021 U.S. Dollar China/Hong Kong Real Estate 1,000,000 980,001
China Mengniu Dairy Co., Ltd., Cnv., 0.000%, 06/05/2022 U.S. Dollar China/Hong Kong Consumer Staples 1,000,000 962,500
Listrindo Capital BV, 4.950%, 09/14/2026 U.S. Dollar Indonesia Utilities 1,000,000 926,000
Theta Capital Pte, Ltd., 6.750%, 10/31/2026 U.S. Dollar Indonesia Real Estate 1,200,000 917,856
Sri Lanka Government Bond, 6.125%, 06/03/2025 U.S. Dollar Sri Lanka Foreign Government Bonds 900,000 857,367
Alam Synergy Pte, Ltd., 6.950%, 03/27/2020 U.S. Dollar Indonesia Real Estate 900,000 855,000
China Railway Construction Corp., Ltd., Cnv., 1.500%, 12/21/2021 Chinese Renminbi China/Hong Kong Industrials 6,000,000 851,172
CP Foods Holdings, Ltd., Cnv., 0.500%, 09/22/2021 U.S. Dollar Thailand Consumer Staples 800,000 836,944
ICTSI Treasury BV, 5.875%, 09/17/2025 U.S. Dollar Philippines Industrials 800,000 827,742
KWG Group Holdings, Ltd., 8.975%, 01/14/2019 U.S. Dollar China/Hong Kong Real Estate 800,000 805,945
Johnson Electric Holdings, Ltd., Cnv., 1.000%, 04/02/2021 U.S. Dollar China/Hong Kong Industrials 750,000 804,375
Shimao Property Holdings, Ltd., 4.750%, 07/03/2022 U.S. Dollar China/Hong Kong Real Estate 800,000 767,041
Sprint Communications, Inc., 6.000%, 11/15/2022 U.S. Dollar United States Telecom Services 420,000 428,400
Socialist Republic of Vietnam, 4.800%, 11/19/2024 U.S. Dollar Vietnam Foreign Government Bonds 400,000 406,891
Theta Capital Pte, Ltd., 7.000%, 04/11/2022 U.S. Dollar Indonesia Real Estate 300,000 252,163
Net Cash n.a. 3,002,731


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