Matthews Asia Growth Fund

Portfolio Holdings: 6/30/2018

Security Country Sector Shares Value
Shenzhou International Group Holdings, Ltd. China/Hong Kong Consumer Discretionary 4,532,000 55,768,000
Wuxi Biologics Cayman, Inc. China/Hong Kong Health Care 4,160,500 46,153,030
Baozun, Inc. ADR China/Hong Kong Information Technology 818,500 44,771,950
M3, Inc. Japan Health Care 1,125,000 44,739,281
Start Today Co., Ltd. Japan Consumer Discretionary 1,109,000 40,124,264
HDFC Bank, Ltd. India Financials 1,148,086 35,366,405
CSL, Ltd. Australia Health Care 240,892 34,289,327
Sampath Bank PLC Sri Lanka Financials 16,126,387 30,877,498
PT Bank Rakyat Indonesia Persero Indonesia Financials 155,115,800 30,680,500
Nidec Corp. Japan Industrials 200,900 30,052,567
Jiangsu Hengrui Medicine Co., Ltd. A Shares China/Hong Kong Health Care 2,603,187 29,672,765
ORIX Corp. Japan Financials 1,817,500 28,647,624
Terumo Corp. Japan Health Care 496,600 28,429,309
Pigeon Corp. Japan Consumer Staples 544,900 26,480,584
Square Pharmaceuticals, Ltd. Bangladesh Health Care 7,198,924 25,210,641
Seria Co., Ltd. Japan Consumer Discretionary 482,600 23,128,350
Alibaba Group Holding, Ltd. ADR China/Hong Kong Information Technology 123,200 22,857,296
Huazhu Group, Ltd. ADR China/Hong Kong Consumer Discretionary 534,800 22,456,252
TechnoPro Holdings, Inc. Japan Industrials 359,200 22,056,660
SoftBank Group Corp. Japan Telecom Services 306,900 21,915,162
Nitori Holdings Co., Ltd. Japan Consumer Discretionary 133,400 20,754,134
PT Astra International Indonesia Consumer Discretionary 44,275,300 20,384,110
Vietnam Dairy Products JSC Vietnam Consumer Staples 2,597,160 19,156,200
Sysmex Corp. Japan Health Care 195,700 18,234,284
BeiGene, Ltd. ADR China/Hong Kong Health Care 117,600 18,078,648
PeptiDream, Inc. Japan Health Care 411,000 17,075,801
Ariake Japan Co., Ltd. Japan Consumer Staples 194,800 16,767,763
Oil Search, Ltd. Australia Energy 2,481,915 16,306,062
Yunnan Hongxiang Yixintang Pharmaceutical Co., Ltd. A Shares China/Hong Kong Consumer Staples 3,201,296 15,644,214
Harmonic Drive Systems, Inc. Japan Industrials 355,400 15,000,282
Major Cineplex Group Public Co., Ltd. Thailand Consumer Discretionary 18,967,100 14,076,208
Nitto Denko Corp. Japan Materials 184,700 13,944,372
PT Ace Hardware Indonesia Indonesia Consumer Discretionary 154,466,000 13,689,590
BRAC Bank, Ltd. Bangladesh Financials 15,589,353 13,261,986
FANUC Corp. Japan Industrials 63,400 12,566,629
Shanghai Haohai Biological Technology Co., Ltd. H Shares China/Hong Kong Health Care 1,947,000 12,150,997
Yunnan Baiyao Group Co., Ltd. A Shares China/Hong Kong Health Care 743,762 11,971,586
Genscript Biotech Corp. China/Hong Kong Health Care 4,302,000 11,763,691
PT Indofood CBP Sukses Makmur Indonesia Consumer Staples 18,774,200 11,599,714
ITC, Ltd. India Consumer Staples 2,925,894 11,370,137
Tongda Group Holdings, Ltd. China/Hong Kong Information Technology 54,370,000 10,988,276
Sosei Group Corp. Japan Health Care 682,400 10,963,709
Baidu, Inc. ADR China/Hong Kong Information Technology 44,600 10,837,800
Jollibee Foods Corp. Philippines Consumer Discretionary 2,007,890 9,899,806
PT Mayora Indah Indonesia Consumer Staples 47,580,700 9,861,016
St. Shine Optical Co., Ltd. Taiwan Health Care 402,000 9,178,238
CYBERDYNE, Inc. Japan Health Care 768,500 8,984,812
Komatsu, Ltd. Japan Industrials 288,200 8,204,646
Lanka Orix Leasing Co. PLC Sri Lanka Financials 12,121,473 7,542,420
PC Jeweller, Ltd. India Consumer Discretionary 3,698,554 7,404,113
Gunosy, Inc. Japan Information Technology 543,400 6,988,790
HEALIOS KK Japan Health Care 380,100 5,529,566
Emperador, Inc. Philippines Consumer Staples 37,942,500 5,254,042
PT Arwana Citramulia Indonesia Industrials 214,668,400 5,063,358
Qudian, Inc. ADR China/Hong Kong Financials 470,300 4,166,858
Mercari, Inc. Japan Information Technology 99,200 4,063,334
Net Cash n.a. 91,422,156


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