Matthews India Fund

Portfolio Holdings: 6/30/2018

Security Sector Shares Value
HDFC Bank, Ltd. Financials 4,345,349 133,857,022
Suzuki Motor Corp. Consumer Discretionary 2,427,000 133,747,405
Kotak Mahindra Bank, Ltd. Financials 6,443,654 126,460,340
IndusInd Bank, Ltd. Financials 4,431,794 125,099,142
Eicher Motors, Ltd. Industrials 266,539 111,145,703
ITC, Ltd. Consumer Staples 27,471,965 106,757,117
Housing Development Finance Corp., Ltd. Financials 2,458,810 68,513,712
Dabur India, Ltd. Consumer Staples 11,252,176 64,307,379
Shriram City Union Finance, Ltd. Financials 1,873,192 55,354,073
Mphasis, Ltd. Information Technology 3,374,039 53,389,036
Cholamandalam Investment and Finance Co., Ltd. Financials 2,316,964 51,163,868
VST Industries, Ltd. Consumer Staples 1,167,175 49,445,018
eClerx Services, Ltd. Information Technology 2,547,368 48,337,344
AIA Engineering, Ltd. Industrials 2,078,145 45,581,008
Cognizant Technology Solutions Corp. Class A Information Technology 573,500 45,300,765
Info Edge India, Ltd. Information Technology 2,614,054 45,210,599
Yes Bank, Ltd. Financials 8,888,026 44,164,900
Bajaj Finance, Ltd. Financials 1,311,582 44,054,776
Ajanta Pharma, Ltd. Health Care 2,992,070 42,951,260
Symphony, Ltd. Consumer Discretionary 1,927,475 39,905,545
InterGlobe Aviation, Ltd. Industrials 2,346,137 37,306,916
Bajaj Corp., Ltd. Consumer Staples 6,253,908 36,963,529
Tata Consultancy Services, Ltd. Information Technology 1,293,639 34,889,675
Emami, Ltd. Consumer Staples 4,500,244 34,794,588
Ashok Leyland, Ltd. Industrials 18,445,155 33,913,943
CRISIL, Ltd. Financials 1,271,030 33,418,428
Alembic Pharmaceuticals, Ltd. Health Care 4,147,557 30,476,968
DCB Bank, Ltd. Financials 12,604,257 30,425,027
Marico, Ltd. Consumer Staples 6,222,328 30,128,593
Zydus Wellness, Ltd. Consumer Staples 1,533,557 29,991,822
Pidilite Industries, Ltd. Materials 1,800,000 27,944,930
UPL, Ltd. Materials 3,050,052 27,574,349
Nestle India, Ltd. Consumer Staples 181,400 25,966,340
Natco Pharma, Ltd. Health Care 2,096,417 24,681,024
Sun Pharmaceutical Industries, Ltd. Health Care 2,959,885 24,400,895
Caplin Point Laboratories, Ltd. Health Care 3,697,744 23,043,054
Blue Dart Express, Ltd. Industrials 396,508 21,164,596
Eris Lifesciences, Ltd. Health Care 1,950,176 19,490,833
Sundaram Finance, Ltd. Financials 695,531 16,237,823
Taro Pharmaceutical Industries, Ltd. Health Care 137,412 15,897,194
Castrol India, Ltd. Materials 6,307,813 15,077,730
Supreme Industries, Ltd. Materials 773,420 12,758,477
GRUH Finance, Ltd. Financials 2,756,737 12,250,188
Poly Medicure, Ltd. Health Care 3,594,824 11,133,645
Axis Bank, Ltd. Financials 1,457,547 10,881,889
Asian Paints, Ltd. Materials 568,430 10,492,252
LA Opala RG, Ltd. Consumer Discretionary 2,937,800 10,177,740
Container Corp. of India, Ltd. Industrials 493,937 4,703,928
NMDC, Ltd. Materials 2,713,195 4,279,223
Dixon Technologies India, Ltd. Consumer Discretionary 95,000 4,065,771
Page Industries, Ltd. Consumer Discretionary 9,355 3,794,853
Titan Co., Ltd. Consumer Discretionary 218,364 2,801,236
HDFC Bank, Ltd. ADR Financials 8,422 884,478
Net Cash n.a. 9,020,308


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