Matthews India Fund

Portfolio Holdings: 12/31/2018

Security Sector Shares Value
IndusInd Bank, Ltd. Financials 4,431,794 101,478,007
Suzuki Motor Corp. Consumer Discretionary 1,839,100 92,711,682
Eicher Motors, Ltd. Consumer Discretionary 266,539 88,347,625
HDFC Bank, Ltd. Financials 2,638,903 80,275,027
InterGlobe Aviation, Ltd. Industrials 3,822,617 63,734,147
Kotak Mahindra Bank, Ltd. Financials 3,313,246 59,602,441
Bajaj Finance, Ltd. Financials 1,475,943 55,863,407
VST Industries, Ltd. Consumer Staples 1,167,175 54,669,835
Ajanta Pharma, Ltd. Health Care 3,153,172 53,500,563
Cholamandalam Investment and Finance Co., Ltd. Financials 2,667,055 48,090,504
UPL, Ltd. Materials 4,276,460 46,416,757
ITC, Ltd. Consumer Staples 11,237,066 45,308,652
Wipro, Ltd. Information Technology 9,035,571 42,759,413
Shriram City Union Finance, Ltd. Financials 1,873,192 42,629,956
Yes Bank, Ltd. Financials 15,689,348 40,828,317
eClerx Services, Ltd. Information Technology 2,390,594 36,787,720
Alembic Pharmaceuticals, Ltd. Health Care 4,147,557 35,595,123
Symphony, Ltd. Consumer Discretionary 1,927,475 32,186,000
Bajaj Corp., Ltd. Consumer Staples 6,083,908 32,153,539
AIA Engineering, Ltd. Industrials 1,327,732 31,867,307
DCB Bank, Ltd. Financials 12,644,736 30,622,045
CRISIL, Ltd. Financials 1,271,030 29,365,665
Zydus Wellness, Ltd. Consumer Staples 1,466,021 28,563,270
Emami, Ltd. Consumer Staples 4,500,244 27,075,677
Ashok Leyland, Ltd. Industrials 18,445,155 27,054,588
Cognizant Technology Solutions Corp. Class A Information Technology 418,300 26,553,684
Natco Pharma, Ltd. Health Care 2,712,192 26,405,287
Info Edge India, Ltd. Communication Services 1,236,353 25,494,003
Blue Dart Express, Ltd. Industrials 475,939 22,975,724
Housing Development Finance Corp., Ltd. Financials 809,266 22,800,495
Mphasis, Ltd. Information Technology 1,464,076 21,353,532
Caplin Point Laboratories, Ltd. Health Care 3,870,311 21,157,850
Axis Bank, Ltd. Financials 2,272,610 20,151,403
Eris Lifesciences, Ltd. Health Care 1,950,176 19,193,018
Sun Pharmaceutical Industries, Ltd. Health Care 2,959,885 18,239,647
Sundaram Finance, Ltd. Financials 695,531 14,326,343
Castrol India, Ltd. Materials 6,307,813 13,658,591
NIIT Technologies, Ltd. Information Technology 797,552 13,124,957
Poly Medicure, Ltd. Health Care 3,594,824 11,455,082
Dabur India, Ltd. Consumer Staples 1,513,060 9,329,586
LA Opala RG, Ltd. Consumer Discretionary 2,937,800 9,252,861
Marico, Ltd. Consumer Staples 1,374,168 7,346,349
Pidilite Industries, Ltd. Materials 322,373 5,113,100
Nestle India, Ltd. Consumer Staples 30,163 4,785,911
NMDC, Ltd. Materials 2,713,195 3,760,709
Tata Consultancy Services, Ltd. Information Technology 137,397 3,725,500
Gulf Oil Lubricants India, Ltd. Materials 105,452 1,239,881
Supreme Industries, Ltd. Materials 42,996 722,719
Net Cash n.a. -7,873,477

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 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