Matthews India Fund

Portfolio Holdings: 9/30/2018

Security Sector Shares Value
HDFC Bank, Ltd. Financials 4,345,349 120,027,577
Suzuki Motor Corp. Consumer Discretionary 1,839,100 105,400,922
IndusInd Bank, Ltd. Financials 4,431,794 103,385,535
ITC, Ltd. Consumer Staples 24,997,195 102,698,045
Kotak Mahindra Bank, Ltd. Financials 5,943,654 93,653,556
Eicher Motors, Ltd. Consumer Discretionary 266,539 88,937,804
Housing Development Finance Corp., Ltd. Financials 2,668,810 64,601,094
VST Industries, Ltd. Consumer Staples 1,167,175 45,086,510
Ajanta Pharma, Ltd. Health Care 3,013,552 44,220,917
Bajaj Finance, Ltd. Financials 1,475,943 44,182,908
InterGlobe Aviation, Ltd. Industrials 3,822,617 43,567,919
AIA Engineering, Ltd. Industrials 1,756,281 43,097,343
Shriram City Union Finance, Ltd. Financials 1,873,192 42,723,714
Cognizant Technology Solutions Corp. Class A Information Technology 549,000 42,355,350
Cholamandalam Investment and Finance Co., Ltd. Financials 2,600,973 41,900,802
Wipro, Ltd. Information Technology 9,035,571 40,329,615
Info Edge India, Ltd. Information Technology 2,005,095 39,364,753
UPL, Ltd. Materials 4,276,460 39,200,804
Mphasis, Ltd. Information Technology 2,403,975 38,918,714
Dabur India, Ltd. Consumer Staples 6,468,159 38,096,244
Alembic Pharmaceuticals, Ltd. Health Care 4,147,557 35,988,596
eClerx Services, Ltd. Information Technology 2,390,594 34,963,000
Bajaj Corp., Ltd. Consumer Staples 6,083,908 34,604,044
CRISIL, Ltd. Financials 1,271,030 30,786,059
Emami, Ltd. Consumer Staples 4,500,244 30,703,437
Ashok Leyland, Ltd. Industrials 18,445,155 30,314,803
Zydus Wellness, Ltd. Consumer Staples 1,512,209 28,586,779
Natco Pharma, Ltd. Health Care 2,662,760 27,622,541
Symphony, Ltd. Consumer Discretionary 1,927,475 26,079,702
DCB Bank, Ltd. Financials 12,644,736 25,830,818
Sun Pharmaceutical Industries, Ltd. Health Care 2,959,885 25,448,078
Marico, Ltd. Consumer Staples 5,216,471 23,974,050
Yes Bank, Ltd. Financials 9,063,763 22,982,268
Caplin Point Laboratories, Ltd. Health Care 3,830,539 21,712,770
Blue Dart Express, Ltd. Industrials 475,939 19,690,309
Eris Lifesciences, Ltd. Health Care 1,950,176 19,636,273
Axis Bank, Ltd. Financials 2,272,610 19,235,272
Nestle India, Ltd. Consumer Staples 140,786 18,841,473
Pidilite Industries, Ltd. Materials 1,040,001 15,007,803
Sundaram Finance, Ltd. Financials 695,531 14,534,832
Castrol India, Ltd. Materials 6,307,813 12,434,680
Tata Consultancy Services, Ltd. Information Technology 369,678 11,136,570
Poly Medicure, Ltd. Health Care 3,594,824 10,602,474
LA Opala RG, Ltd. Consumer Discretionary 2,937,800 8,976,823
Supreme Industries, Ltd. Materials 643,151 8,931,411
Asian Paints, Ltd. Materials 423,653 7,563,487
Container Corp. of India, Ltd. Industrials 493,937 4,275,861
Page Industries, Ltd. Consumer Discretionary 9,355 4,245,079
NMDC, Ltd. Materials 2,713,195 4,240,000
GRUH Finance, Ltd. Financials 844,353 3,544,257
Titan Co., Ltd. Consumer Discretionary 218,364 2,427,607
HDFC Bank, Ltd. ADR Financials 8,422 792,510
Net Cash n.a. 7,964,919


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