Matthews Pacific Tiger Fund

Portfolio Holdings: 3/31/2018

This portfolio data should not be relied upon as a complete listing of this Fund's holdings, as information on a particular holding may be withheld if it is in the Fund's best interest to do so.

Security Country Sector Shares Value
Sinopharm Group Co., Ltd. H Shares China/Hong Kong Health Care 66,146,400 332,747,422
China Resources Beer Holdings Co., Ltd. China/Hong Kong Consumer Staples 75,359,775 328,511,025
Ping An Insurance Group Co. of China, Ltd. H Shares China/Hong Kong Financials 31,734,000 327,199,049
Tencent Holdings, Ltd. China/Hong Kong Information Technology 5,886,500 315,984,787
Central Pattana Public Co., Ltd. Thailand Real Estate 113,106,600 284,476,178
Baidu, Inc. ADR China/Hong Kong Information Technology 1,211,800 270,461,642
Titan Co., Ltd. India Consumer Discretionary 18,618,799 270,357,538
Vietnam Dairy Products JSC Vietnam Consumer Staples 29,144,534 265,252,824
Kotak Mahindra Bank, Ltd. India Financials 16,123,409 260,377,965
President Chain Store Corp. Taiwan Consumer Staples 21,986,608 222,508,254
Samsung Electronics Co., Ltd. South Korea Information Technology 95,105 222,210,576
China Resources Land, Ltd. China/Hong Kong Real Estate 59,880,000 220,038,688
Tata Power Co., Ltd. India Utilities 180,316,487 219,821,437
DB Insurance Co., Ltd. South Korea Financials 3,499,380 217,397,867
DKSH Holding AG Switzerland Industrials 2,638,062 214,524,147
AIA Group, Ltd. China/Hong Kong Financials 24,540,800 209,791,406
NAVER Corp. South Korea Information Technology 280,761 208,949,037
Public Bank BHD Malaysia Financials 32,488,394 202,000,453
Alibaba Group Holding, Ltd. ADR China/Hong Kong Information Technology 1,088,500 199,783,290
HDFC Bank, Ltd. India Financials 6,223,409 181,293,989
Hong Kong Exchanges & Clearing, Ltd. China/Hong Kong Financials 5,403,000 177,958,901
Dairy Farm International Holdings, Ltd. China/Hong Kong Consumer Staples 22,254,946 176,927,110
China Mobile, Ltd. ADR China/Hong Kong Telecom Services 3,853,926 176,317,115
Cognizant Technology Solutions Corp. Class A United States Information Technology 2,186,600 176,021,300
PT Bank Central Asia Indonesia Financials 100,580,000 170,863,984
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares China/Hong Kong Consumer Staples 36,744,682 164,870,005
Hengan International Group Co., Ltd. China/Hong Kong Consumer Staples 17,048,500 158,929,998
ITC, Ltd. India Consumer Staples 39,202,500 154,559,743
GAIL India, Ltd. India Utilities 29,612,418 149,930,412
Sun Pharmaceutical Industries, Ltd. India Health Care 19,254,758 147,174,640
Genting BHD Malaysia Consumer Discretionary 65,134,875 146,875,489
Synnex Technology International Corp. Taiwan Information Technology 95,600,921 143,874,940
Orion Holdings Corp. South Korea Consumer Staples 5,666,538 143,155,397
Delta Electronics, Inc. Taiwan Information Technology 31,251,182 140,724,696
Housing Development Finance Corp., Ltd. India Financials 4,935,685 139,028,939
Container Corp. of India, Ltd. India Industrials 6,839,995 131,297,879
Fuyao Glass Industry Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 33,726,400 130,456,894
Kasikornbank Public Co., Ltd. Thailand Financials 18,431,800 125,430,973
Yum China Holdings, Inc. China/Hong Kong Consumer Discretionary 2,959,410 122,815,515
Cheil Worldwide, Inc. South Korea Consumer Discretionary 6,996,384 120,006,267
The Siam Cement Public Co., Ltd. Thailand Materials 7,522,950 119,097,724
Green Cross Corp. South Korea Health Care 620,785 117,827,900
PT Indofood CBP Sukses Makmur Indonesia Consumer Staples 191,522,600 115,330,803
PT Telekomunikasi Indonesia Persero Indonesia Telecom Services 421,304,300 110,784,109
SM Prime Holdings, Inc. Philippines Real Estate 164,670,771 107,062,691
Dabur India, Ltd. India Consumer Staples 21,117,482 106,785,845
Tasly Pharmaceutical Group Co., Ltd. A Shares China/Hong Kong Health Care 15,419,779 106,248,965
GT Capital Holdings, Inc. Philippines Financials 4,347,540 97,901,000
Thermax, Ltd. India Industrials 5,310,034 92,713,860
Amorepacific Corp. South Korea Consumer Staples 280,972 81,194,949
Guotai Junan Securities Co., Ltd. H Shares China/Hong Kong Financials 36,600,000 79,660,206
IHH Healthcare BHD Malaysia Health Care 47,676,300 74,140,394
PT Surya Citra Media Indonesia Consumer Discretionary 358,592,300 70,998,209
United Spirits, Ltd. India Consumer Staples 1,355,606 65,548,363
PT Perusahaan Gas Negara Persero Indonesia Utilities 298,485,100 50,199,591
Guangdong Advertising Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 66,324,441 49,532,099
Shandong Weigao Group Medical Polymer Co., Ltd. H Shares China/Hong Kong Health Care 69,424,000 46,480,001
E-Mart, Inc. South Korea Consumer Staples 174,749 44,620,653
S-1 Corp. South Korea Industrials 396,277 35,763,427
PT Astra International Indonesia Consumer Discretionary 49,910,900 26,542,822
Just Dial, Ltd. India Information Technology 3,557,718 24,456,746
PT Telekomunikasi Indonesia Persero ADR Indonesia Telecom Services 728,140 19,237,459
IHH Healthcare BHD Malaysia Health Care 11,543,000 17,942,073
Fuyao Glass Industry Group Co., Ltd. A Shares China/Hong Kong Consumer Discretionary 3,589,387 13,767,644
PT Mitra Keluarga Karyasehat Indonesia Health Care 70,000,000 10,626,475
LINE Corp. ADR Japan Information Technology 195,200 7,614,752
Net Cash n.a. 53,359,500


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