Matthews Asia Credit Opportunities Fund

Portfolio Holdings: 6/30/2018

Security Currency Country Sector Quantity Value
Ctrip.com International, Ltd., Cnv., 1.250%, 09/15/2022 U.S. Dollar China/Hong Kong Consumer Discretionary 1,850,000 1,898,600
Debt and Asset Trading Corp., 1.000%, 10/10/2025 U.S. Dollar Vietnam Financials 2,700,000 1,883,250
China Overseas Finance Investment Cayman V, Ltd., Cnv., 0.000%, 01/05/2023 U.S. Dollar China/Hong Kong Real Estate 1,600,000 1,676,000
Wanda Properties International Co., Ltd., 7.250%, 01/29/2024 U.S. Dollar China/Hong Kong Real Estate 1,550,000 1,484,125
Huaneng Power International, Inc., 3.480%, 06/13/2021 Chinese Renminbi China/Hong Kong Utilities 10,000,000 1,464,322
Socialist Republic of Vietnam, 5.500%, 03/12/2028 U.S. Dollar Vietnam Foreign Government Bonds 1,470,000 1,431,177
Tsinghua Unic, Ltd., 4.750%, 01/31/2021 U.S. Dollar China/Hong Kong Industrials 1,500,000 1,422,695
KWG Property Holding, Ltd., 6.000%, 09/15/2022 U.S. Dollar China/Hong Kong Real Estate 1,500,000 1,385,756
SoftBank Group Corp., 6.000%, 07/19/2049 U.S. Dollar Japan Telecom Services 1,500,000 1,308,039
Standard Chartered PLC, 6.500%, 12/29/2049 U.S. Dollar China/Hong Kong Financials 1,300,000 1,290,156
DFCC Bank PLC, 9.625%, 10/31/2018 U.S. Dollar Sri Lanka Financials 1,200,000 1,216,212
Modernland Overseas Pte, Ltd., 6.950%, 04/13/2024 U.S. Dollar Indonesia Real Estate 1,400,000 1,204,589
Vipshop Holdings, Ltd., Cnv., 1.500%, 03/15/2019 U.S. Dollar China/Hong Kong Consumer Discretionary 1,100,000 1,083,610
HSBC Holdings PLC, 6.375%, 12/29/2049 U.S. Dollar China/Hong Kong Financials 1,100,000 1,079,375
CIFI Holdings Group Co., Ltd., 6.875%, 04/23/2021 U.S. Dollar China/Hong Kong Real Estate 1,000,000 987,305
Harvest International Co., Cnv., 0.000%, 11/21/2022 Hong Kong Dollar China/Hong Kong Consumer Discretionary 7,000,000 937,946
Listrindo Capital BV, 4.950%, 09/14/2026 U.S. Dollar Indonesia Utilities 1,000,000 895,000
TBG Global Pte, Ltd., 5.250%, 02/10/2022 U.S. Dollar Indonesia Telecom Services 900,000 879,456
Air China, Ltd., 3.080%, 10/20/2021 Chinese Renminbi China/Hong Kong Industrials 6,000,000 864,111
Theta Capital Pte, Ltd., 6.750%, 10/31/2026 U.S. Dollar Indonesia Real Estate 1,200,000 844,416
CP Foods Holdings, Ltd., Cnv., 0.500%, 09/22/2021 U.S. Dollar Thailand Consumer Staples 800,000 842,000
Sri Lanka Government Bond, 6.125%, 06/03/2025 U.S. Dollar Sri Lanka Foreign Government Bonds 900,000 840,991
ICTSI Treasury BV, 5.875%, 09/17/2025 U.S. Dollar Philippines Industrials 800,000 827,601
KWG Property Holding, Ltd., 8.975%, 01/14/2019 U.S. Dollar China/Hong Kong Real Estate 800,000 816,012
Alam Synergy Pte, Ltd., 6.950%, 03/27/2020 U.S. Dollar Indonesia Real Estate 900,000 814,500
Johnson Electric Holdings, Ltd., Cnv., 1.000%, 04/02/2021 U.S. Dollar China/Hong Kong Industrials 750,000 799,688
PetroChina Co., Ltd., 3.030%, 01/19/2021 Chinese Renminbi China/Hong Kong Energy 5,000,000 725,017
PetroChina Co., Ltd., 3.150%, 03/03/2021 Chinese Renminbi China/Hong Kong Energy 5,000,000 721,062
National Savings Bank, 8.875%, 09/18/2018 U.S. Dollar Sri Lanka Financials 600,000 601,740
China Southern Power Grid Co., Ltd., 3.140%, 03/11/2021 Chinese Renminbi China/Hong Kong Utilities 4,000,000 583,613
State Grid Corp. of China, 3.150%, 11/14/2021 Chinese Renminbi China/Hong Kong Utilities 4,000,000 575,536
Zhongsheng Group Holdings, Ltd., Cnv., 0.000%, 05/23/2023 Hong Kong Dollar China/Hong Kong Consumer Discretionary 4,000,000 507,928
Sprint Communications, Inc., 6.000%, 11/15/2022 U.S. Dollar United States Telecom Services 420,000 416,325
Socialist Republic of Vietnam, 4.800%, 11/19/2024 U.S. Dollar Vietnam Foreign Government Bonds 400,000 397,058
Unigroup International Holdings, Ltd., 6.000%, 12/10/2020 U.S. Dollar China/Hong Kong Information Technology 400,000 393,962
Theta Capital Pte, Ltd., 7.000%, 04/11/2022 U.S. Dollar Indonesia Real Estate 300,000 239,380
Net Cash n.a. 7,883,438


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