Matthews Asia Growth Fund

Portfolio Holdings: 9/30/2018

Security Country Sector Shares Value
M3, Inc. Japan Health Care 1,954,500 44,324,914
Wuxi Biologics Cayman, Inc. China/Hong Kong Health Care 4,160,500 42,102,621
Shenzhou International Group Holdings, Ltd. China/Hong Kong Consumer Discretionary 3,155,000 40,482,215
Baozun, Inc. ADR China/Hong Kong Information Technology 818,500 39,762,730
CSL, Ltd. Australia Health Care 240,892 35,001,543
PT Bank Rakyat Indonesia Persero Indonesia Financials 155,115,800 32,778,862
HDFC Bank, Ltd. India Financials 1,148,086 31,712,523
Nidec Corp. Japan Industrials 218,500 31,419,374
Pigeon Corp. Japan Consumer Staples 544,900 30,707,571
SoftBank Group Corp. Japan Telecom Services 306,900 30,659,181
Terumo Corp. Japan Health Care 496,600 29,390,810
Sony Corp. Japan Consumer Discretionary 479,700 29,159,851
BeiGene, Ltd. ADR China/Hong Kong Health Care 149,000 25,660,780
Square Pharmaceuticals, Ltd. Bangladesh Health Care 7,802,679 25,159,441
Jiangsu Hengrui Medicine Co., Ltd. A Shares China/Hong Kong Health Care 2,603,187 24,037,769
Sampath Bank PLC Sri Lanka Financials 16,126,387 22,881,681
TechnoPro Holdings, Inc. Japan Industrials 359,200 22,294,987
Huazhu Group, Ltd. ADR China/Hong Kong Consumer Discretionary 686,700 22,180,410
PT Astra International Indonesia Consumer Discretionary 44,275,300 21,814,323
ORIX Corp. Japan Financials 1,329,200 21,521,911
Keyence Corp. Japan Information Technology 36,300 21,086,194
Alibaba Group Holding, Ltd. ADR China/Hong Kong Information Technology 127,200 20,957,472
Start Today Co., Ltd. Japan Consumer Discretionary 690,500 20,887,390
Ariake Japan Co., Ltd. Japan Consumer Staples 194,800 19,431,659
Nitori Holdings Co., Ltd. Japan Consumer Discretionary 133,400 19,117,006
Vietnam Dairy Products JSC Vietnam Consumer Staples 3,116,592 18,331,722
Seria Co., Ltd. Japan Consumer Discretionary 482,600 17,050,168
Sysmex Corp. Japan Health Care 195,700 16,875,883
PeptiDream, Inc. Japan Health Care 411,000 16,380,556
Oil Search, Ltd. Australia Energy 2,481,915 16,211,693
PT Ace Hardware Indonesia Indonesia Consumer Discretionary 154,466,000 14,926,755
Yunnan Baiyao Group Co., Ltd. A Shares China/Hong Kong Health Care 1,424,788 14,612,572
Major Cineplex Group Public Co., Ltd. Thailand Consumer Discretionary 18,967,100 14,429,939
Nitto Denko Corp. Japan Materials 184,700 13,847,844
BRAC Bank, Ltd. Bangladesh Financials 15,589,353 13,052,118
Shanghai Haohai Biological Technology Co., Ltd. H Shares China/Hong Kong Health Care 1,873,800 12,792,478
St. Shine Optical Co., Ltd. Taiwan Health Care 570,000 12,539,176
ITC, Ltd. India Consumer Staples 2,925,894 12,020,692
Yunnan Hongxiang Yixintang Pharmaceutical Co., Ltd. A Shares China/Hong Kong Consumer Staples 3,201,296 12,000,093
FANUC Corp. Japan Industrials 63,400 11,927,617
Baidu, Inc. ADR China/Hong Kong Information Technology 51,600 11,799,888
Eisai Co., Ltd. Japan Health Care 116,400 11,339,365
Autohome, Inc. ADR China/Hong Kong Information Technology 145,500 11,263,155
PT Indofood CBP Sukses Makmur Indonesia Consumer Staples 18,774,200 11,126,089
Genscript Biotech Corp. China/Hong Kong Health Care 6,426,000 10,779,937
Jollibee Foods Corp. Philippines Consumer Discretionary 2,007,890 9,546,792
PT Mayora Indah Indonesia Consumer Staples 47,580,700 8,681,368
Sosei Group Corp. Japan Health Care 682,400 8,233,085
Tongda Group Holdings, Ltd. China/Hong Kong Information Technology 54,370,000 7,969,065
Lanka Orix Leasing Co. PLC Sri Lanka Financials 12,121,473 6,172,757
CYBERDYNE, Inc. Japan Health Care 768,500 6,067,417
HEALIOS KK Japan Health Care 380,100 6,015,173
Mercari, Inc. Japan Information Technology 161,000 5,316,805
Emperador, Inc. Philippines Consumer Staples 37,942,500 4,943,831
PC Jeweller, Ltd. India Consumer Discretionary 3,698,554 3,183,778
Net Cash n.a. 96,914,667


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