Matthews Korea Fund


Top 10 Holdings as of 10/31/2018

Security Sector % Net Assets
Samsung Electronics Co., Ltd., Pfd. Information Technology 7.0
Samsung Fire & Marine Insurance Co., Ltd., Pfd. Financials 4.7
LG Household & Health Care, Ltd., Pfd. Consumer Staples 4.5
Samsung Electronics Co., Ltd. Information Technology 3.7
Hyundai Mobis Co., Ltd. Consumer Discretionary 3.6
Samsung SDI Co., Ltd. Information Technology 3.6
BGF Retail Co., Ltd. Consumer Staples 3.6
Shinhan Financial Group Co., Ltd. Financials 3.4
NAVER Corp. Communication Services 3.3
KB Financial Group, Inc. Financials 3.2
Total 40.6
Top 10 holdings may combine more than one security from the same issuer and related depositary receipts.
Source: BNY Mellon Investment Servicing (US) Inc.

Portfolio Breakdown (%) as of 9/30/2018

  Fund Korea Composite Stock Price IndexDifference
Financials 20.8 12.0 8.8
Information Technology 19.0 31.4 -12.4
Consumer Discretionary 17.4 11.4 6.0
Consumer Staples 15.3 7.6 7.7
Materials 7.7 8.7 -1.0
Health Care 6.5 7.7 -1.2
Energy 4.2 2.8 1.4
Telecom Services 2.2 2.6 -0.4
Industrials 1.8 13.8 -12.0
Utilities 0.0 1.8 -1.8
Real Estate 0.0 0.1 -0.1
Cash and Other Assets, Less Liabilities 4.9 0.0 4.9
  Fund Korea Composite Stock Price Index Difference
Mega Cap (over $25B) 13.7 29.8 -16.1
Large Cap ($10B-$25B) 39.5 29.3 10.2
Mid Cap ($3B-$10B) 17.5 19.1 -1.6
Small Cap (under $3B) 24.4 21.8 2.6
Cash and Other Assets, Less Liabilities 4.9 0.0 4.9
Equity market cap of issuer.
Source: FactSet Research Systems.

Portfolio Characteristics as of 9/30/2018

Number of Securities1

38

Weighted Average
Market Cap

$41.5 billion

P/E using FY1 estimates

9.4x

P/E using FY2 estimates

8.7x

1Source: BNY Mellon Investment Servicing (US) Inc.
Source: FactSet Research Systems unless otherwise noted. Sector data (excluding Government Bonds) based on MSCI’s revised Global Industry Classification Standards. For more details, visit www.msci.com.

Additional performance, attribution, liquidity, value at risk (VaR), security classification and holdings information is available on request for certain time periods.

Percentage values in data are rounded to the nearest tenth of one percent, so the values may not sum to 100% due to rounding.  Percentage values may be derived from different data sources and may not be consistent with other Fund literature. 

The P/E Ratio is the share price of a stock as of the report date, divided by the forecasted earnings per share for a 12-month period (FY1) and 24 month period (FY2). For the Fund, this is the weighted harmonic average estimated P/E ratio of all the underlying stocks in the Fund, excluding negative earners. There is no guarantee that the composition of the Fund will remain unchanged, or that forecasted earnings of a stock will be realized. Information provided is for illustrative purposes only.

Index Definitions

The information contained in this document does not, in any way, constitute investment advice. It should not be assumed that any investment will be profitable or will equal the performance of the portfolios or any securities or any sectors mentioned herein. The information does not constitute a recommendation to buy or sell any securities mentioned. Information on this document is from sources considered reliable, but no representation or warranty is made as to its completeness or accuracy.