Matthews Pacific Tiger Fund

Portfolio Holdings: 6/30/2018

Security Country Sector Shares Value
China Resources Beer Holdings Co., Ltd. China/Hong Kong Consumer Staples 70,257,775 340,220,240
Kotak Mahindra Bank, Ltd. India Financials 16,123,409 316,430,985
Ping An Insurance Group Co. of China, Ltd. H Shares China/Hong Kong Financials 31,734,000 290,609,626
Baidu, Inc. ADR China/Hong Kong Information Technology 1,174,300 285,354,900
Tencent Holdings, Ltd. China/Hong Kong Information Technology 5,336,500 267,974,497
Sinopharm Group Co., Ltd. H Shares China/Hong Kong Health Care 66,146,400 265,998,639
President Chain Store Corp. Taiwan Consumer Staples 21,902,608 248,187,745
Central Pattana Public Co., Ltd. Thailand Real Estate 108,969,000 229,376,745
NAVER Corp. South Korea Information Technology 332,714 227,677,770
Titan Co., Ltd. India Consumer Discretionary 16,905,877 216,873,450
AIA Group, Ltd. China/Hong Kong Financials 24,540,800 213,785,004
Vietnam Dairy Products JSC Vietnam Consumer Staples 28,634,534 211,203,340
Alibaba Group Holding, Ltd. ADR China/Hong Kong Information Technology 1,088,500 201,949,405
China Resources Land, Ltd. China/Hong Kong Real Estate 59,880,000 201,140,268
Samsung Electronics Co., Ltd. South Korea Information Technology 4,755,250 199,195,435
Dairy Farm International Holdings, Ltd. China/Hong Kong Consumer Staples 22,254,946 195,391,482
Tata Power Co., Ltd. India Utilities 180,316,487 192,888,779
HDFC Bank, Ltd. India Financials 6,223,409 191,710,031
DB Insurance Co., Ltd. South Korea Financials 3,570,463 189,085,119
Public Bank BHD Malaysia Financials 32,488,394 187,942,564
DKSH Holding AG Switzerland Industrials 2,638,062 185,465,381
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares China/Hong Kong Consumer Staples 43,795,646 183,572,826
Cognizant Technology Solutions Corp. Class A United States Information Technology 2,186,600 172,719,534
China Mobile, Ltd. ADR China/Hong Kong Telecom Services 3,853,926 171,075,775
Sun Pharmaceutical Industries, Ltd. India Health Care 20,654,758 170,275,051
Hong Kong Exchanges & Clearing, Ltd. China/Hong Kong Financials 5,403,000 161,698,536
ITC, Ltd. India Consumer Staples 39,202,500 152,342,429
GAIL India, Ltd. India Utilities 30,362,492 150,902,081
PT Bank Central Asia Indonesia Financials 100,580,000 150,209,229
Synnex Technology International Corp. Taiwan Information Technology 95,449,921 143,929,183
Orion Holdings Corp. South Korea Consumer Staples 5,666,538 139,866,826
Housing Development Finance Corp., Ltd. India Financials 4,935,685 137,530,798
Cheil Worldwide, Inc. South Korea Consumer Discretionary 7,315,882 135,487,900
Hengan International Group Co., Ltd. China/Hong Kong Consumer Staples 13,874,500 133,082,200
Genting BHD Malaysia Consumer Discretionary 62,634,875 130,303,736
Container Corp. of India, Ltd. India Industrials 13,679,990 130,279,148
Dabur India, Ltd. India Consumer Staples 21,117,482 120,688,648
Yum China Holdings, Inc. China/Hong Kong Consumer Discretionary 3,084,410 118,626,409
PT Indofood CBP Sukses Makmur Indonesia Consumer Staples 191,522,600 118,332,995
Green Cross Corp. South Korea Health Care 620,785 115,059,342
Fuyao Glass Industry Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 33,726,400 113,963,851
Delta Electronics, Inc. Taiwan Information Technology 31,251,182 112,015,055
SM Prime Holdings, Inc. Philippines Real Estate 164,670,771 110,926,221
PT Telekomunikasi Indonesia Persero Indonesia Telecom Services 421,304,300 110,337,413
Kasikornbank Public Co., Ltd. Thailand Financials 18,431,800 107,831,881
The Siam Cement Public Co., Ltd. Thailand Materials 7,522,950 93,933,914
Guotai Junan Securities Co., Ltd. H Shares China/Hong Kong Financials 39,600,000 83,919,883
Tasly Pharmaceutical Group Co., Ltd. A Shares China/Hong Kong Health Care 21,587,691 83,879,368
Thermax, Ltd. India Industrials 5,310,034 80,742,959
GT Capital Holdings, Inc. Philippines Financials 4,347,540 74,132,410
IHH Healthcare BHD Malaysia Health Care 47,676,300 72,062,064
United Spirits, Ltd. India Consumer Staples 6,778,030 65,852,130
PT Surya Citra Media Indonesia Consumer Discretionary 383,592,300 55,008,831
Amorepacific Corp. South Korea Consumer Staples 175,449 50,787,970
E-Mart, Inc. South Korea Consumer Staples 190,749 43,529,518
PT Perusahaan Gas Negara Persero Indonesia Utilities 298,485,100 41,427,102
Wise Talent Information Technology Co., Ltd. China/Hong Kong Information Technology 8,838,800 36,614,281
S-1 Corp. South Korea Industrials 396,277 34,418,675
Guangdong Advertising Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 66,324,441 32,264,433
Just Dial, Ltd. India Information Technology 3,557,718 28,901,385
PT Telekomunikasi Indonesia Persero ADR Indonesia Telecom Services 728,140 18,938,921
IHH Healthcare BHD Malaysia Health Care 11,543,000 17,439,825
Fuyao Glass Industry Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 3,589,387 13,890,209
PT Mitra Keluarga Karyasehat Indonesia Health Care 70,000,000 9,183,531
LINE Corp. ADR Japan Information Technology 195,200 8,016,864
Shandong Weigao Group Medical Polymer Co., Ltd. H Shares China/Hong Kong Health Care 11,300,000 7,978,063
Net Cash n.a. 45,552,770


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