Matthews Japan Fund

Portfolio Holdings: 6/30/2018

Security Sector Shares Value
Keyence Corp. Information Technology 226,100 127,523,690
Nitori Holdings Co., Ltd. Consumer Discretionary 812,100 126,345,070
Murata Manufacturing Co., Ltd. Information Technology 749,500 125,823,374
Suzuki Motor Corp. Consumer Discretionary 2,243,300 123,624,044
Mitsubishi UFJ Financial Group, Inc. Financials 21,514,600 121,877,724
Nidec Corp. Industrials 777,900 116,365,814
Asahi Intecc Co., Ltd. Health Care 3,025,400 114,227,256
Tokio Marine Holdings, Inc. Financials 2,433,100 113,828,320
Start Today Co., Ltd. Consumer Discretionary 3,081,100 111,475,987
Kao Corp. Consumer Staples 1,458,900 111,199,663
Sysmex Corp. Health Care 1,181,300 110,067,246
Relo Group, Inc. Real Estate 4,139,600 109,062,128
Kose Corp. Consumer Staples 504,500 108,515,152
Recruit Holdings Co., Ltd. Industrials 3,647,900 100,750,111
Daikin Industries, Ltd. Industrials 833,100 99,566,361
M3, Inc. Health Care 2,496,300 99,273,481
SoftBank Group Corp. Telecom Services 1,360,900 97,179,353
Mitsui & Co., Ltd. Industrials 5,573,400 92,809,883
Shimadzu Corp. Information Technology 2,993,700 90,322,856
Terumo Corp. Health Care 1,502,200 85,997,802
Persol Holdings Co., Ltd. Industrials 3,724,100 82,937,180
TechnoPro Holdings, Inc. Industrials 1,322,500 81,208,053
Otsuka Corp. Information Technology 2,073,200 81,160,292
Ariake Japan Co., Ltd. Consumer Staples 937,200 80,671,190
Kyowa Exeo Corp. Industrials 3,034,400 79,407,717
ORIX Corp. Financials 4,940,900 77,878,979
Infomart Corp. Information Technology 5,808,700 77,015,348
Ryohin Keikaku Co., Ltd. Consumer Discretionary 211,600 74,340,040
Pigeon Corp. Consumer Staples 1,512,700 73,512,899
Nifco, Inc. Consumer Discretionary 2,348,400 72,574,250
Shin-Etsu Chemical Co., Ltd. Materials 809,500 71,939,010
Square Enix Holdings Co., Ltd. Information Technology 1,462,100 71,689,849
Tsuruha Holdings, Inc. Consumer Staples 569,300 71,306,968
Nihon M&A Center, Inc. Industrials 2,427,600 70,333,508
ITOCHU Techno-Solutions Corp. Information Technology 4,071,100 70,225,337
Mabuchi Motor Co., Ltd. Industrials 1,451,200 68,878,024
Rohm Co., Ltd. Information Technology 787,900 65,840,470
Denso Corp. Consumer Discretionary 1,337,800 65,276,925
San-A Co., Ltd. Consumer Staples 1,314,900 64,944,810
Nitto Denko Corp. Materials 812,800 61,364,297
Lasertec Corp. Information Technology 2,123,300 59,494,024
Seria Co., Ltd. Consumer Discretionary 1,236,000 59,234,647
Hitachi, Ltd. Information Technology 8,082,000 56,937,558
PeptiDream, Inc. Health Care 1,336,900 55,544,133
Outsourcing, Inc. Industrials 2,981,000 55,144,210
MINEBEA MITSUMI, Inc. Industrials 3,248,000 54,734,538
Japan Lifeline Co., Ltd. Health Care 2,203,500 54,021,324
MISUMI Group, Inc. Industrials 1,767,700 51,430,905
Aica Kogyo Co., Ltd. Industrials 1,458,000 51,115,653
Coca-Cola Bottlers Japan Holdings, Inc. Consumer Staples 1,277,100 51,096,125
Fuso Chemical Co., Ltd. Materials 1,924,400 49,542,667
TATERU, Inc. Real Estate 2,887,800 47,533,867
Sanwa Holdings Corp. Industrials 4,497,900 47,531,608
KATITAS Co., Ltd. Real Estate 1,187,400 42,088,509
Komatsu, Ltd. Industrials 1,429,300 40,690,147
Ferrotec Holdings Corp. Information Technology 2,533,500 38,934,436
CKD Corp. Industrials 2,199,400 36,067,770
SMC Corp. Industrials 91,800 33,607,137
Harmonic Drive Systems, Inc. Industrials 657,200 27,738,282
Mercari, Inc. Information Technology 327,200 13,402,448
Net Cash n.a. 91,365,329


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