Matthews Asia Growth Fund

Portfolio Holdings: 3/31/2018

Security Country Sector Shares Value
M3, Inc. Japan Health Care 1,125,000 51,691,410
Shenzhou International Group Holdings, Ltd. China/Hong Kong Consumer Discretionary 4,532,000 48,015,905
PT Bank Rakyat Indonesia Persero Indonesia Financials 155,115,800 40,708,528
Baozun, Inc. ADR China/Hong Kong Information Technology 818,500 37,552,780
Wuxi Biologics Cayman, Inc. China/Hong Kong Health Care 3,809,500 37,074,401
HDFC Bank, Ltd. India Financials 1,148,086 33,444,868
ORIX Corp. Japan Financials 1,817,500 32,571,365
Nidec Corp. Japan Industrials 200,900 30,920,268
CSL, Ltd. Australia Health Care 240,892 29,022,305
Start Today Co., Ltd. Japan Consumer Discretionary 1,109,000 28,864,482
Square Pharmaceuticals, Ltd. Bangladesh Health Care 7,198,924 26,767,796
Jiangsu Hengrui Medicine Co., Ltd. A Shares China/Hong Kong Health Care 2,002,452 26,627,096
Pigeon Corp. Japan Consumer Staples 544,900 24,619,590
Sampath Bank PLC Sri Lanka Financials 12,470,567 24,028,067
Seria Co., Ltd. Japan Consumer Discretionary 482,600 23,861,991
Vietnam Dairy Products JSC Vietnam Consumer Staples 2,597,160 23,637,504
PT Astra International Indonesia Consumer Discretionary 44,275,300 23,545,787
Nitori Holdings Co., Ltd. Japan Consumer Discretionary 133,400 23,393,821
SoftBank Group Corp. Japan Telecom Services 306,900 22,892,058
PeptiDream, Inc. Japan Health Care 411,000 22,541,609
Alibaba Group Holding, Ltd. ADR China/Hong Kong Information Technology 116,200 21,327,348
TechnoPro Holdings, Inc. Japan Industrials 322,800 19,483,122
PC Jeweller, Ltd. India Consumer Discretionary 3,698,554 18,332,241
Sysmex Corp. Japan Health Care 195,700 17,781,682
Major Cineplex Group Public Co., Ltd. Thailand Consumer Discretionary 18,967,100 17,338,514
Ariake Japan Co., Ltd. Japan Consumer Staples 194,800 15,624,755
China Lodging Group, Ltd. ADR China/Hong Kong Consumer Discretionary 118,600 15,620,806
Harmonic Drive Systems, Inc. Japan Industrials 274,000 15,437,898
PT Ace Hardware Indonesia Indonesia Consumer Discretionary 154,466,000 14,922,083
BRAC Bank, Ltd. Bangladesh Financials 12,471,483 14,534,989
Sosei Group Corp. Japan Health Care 170,600 13,980,943
Nitto Denko Corp. Japan Materials 184,700 13,959,465
Oil Search, Ltd. Australia Energy 2,481,915 13,786,321
BeiGene, Ltd. ADR China/Hong Kong Health Care 79,400 13,339,200
Shanghai Haohai Biological Technology Co., Ltd. H Shares China/Hong Kong Health Care 1,947,000 12,231,951
Yunnan Hongxiang Yixintang Pharmaceutical Co., Ltd. A Shares China/Hong Kong Consumer Staples 3,201,296 12,154,105
Jollibee Foods Corp. Philippines Consumer Discretionary 2,007,890 11,572,796
ITC, Ltd. India Consumer Staples 2,925,894 11,535,627
PT Indofood CBP Sukses Makmur Indonesia Consumer Staples 18,774,200 11,305,421
CYBERDYNE, Inc. Japan Health Care 768,500 11,021,264
Genscript Biotech Corp. China/Hong Kong Health Care 3,210,000 10,574,982
Yunnan Baiyao Group Co., Ltd. A Shares China/Hong Kong Health Care 644,527 10,284,019
PT Mayora Indah Indonesia Consumer Staples 47,580,700 10,195,247
Gunosy, Inc. Japan Information Technology 379,100 10,052,176
Baidu, Inc. ADR China/Hong Kong Information Technology 44,600 9,954,274
Komatsu, Ltd. Japan Industrials 288,200 9,654,402
Lanka Orix Leasing Co. PLC Sri Lanka Financials 12,121,473 9,157,640
FANUC Corp. Japan Industrials 29,600 7,617,654
Habib Bank, Ltd. Pakistan Financials 4,001,000 7,229,169
HEALIOS KK Japan Health Care 380,100 7,132,126
St. Shine Optical Co., Ltd. Taiwan Health Care 204,000 6,033,227
Qudian, Inc. ADR China/Hong Kong Financials 470,300 5,502,510
Emperador, Inc. Philippines Consumer Staples 37,942,500 5,416,778
PT Arwana Citramulia Indonesia Industrials 214,668,400 4,989,569
Vista Land & Lifescapes, Inc. Philippines Real Estate 31,018,700 3,867,277
Sampath Bank PLC, Rights, expires 04/02/2018 Sri Lanka Financials 2,877,822 916,763
Daiken Medical Co., Ltd. Japan Health Care 95,300 692,240
Net Cash n.a. 52,434,283


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