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Foreign Tax Credit Information

Funds electing to pass through foreign taxes paid to shareholders are outlined in the tables below.

2025 Foreign Tax Credit Information

The following Funds have elected to pass through foreign taxes paid to shareholders during 2025. These foreign taxes were reported in box 7 of your 2025 Form 1099-DIV. You may be able to claim either a foreign tax credit or a deduction with regard to these taxes. Effective for the year ending 2008, country-by-country income information is no longer required for mutual fund shareholders, even those filing IRS Form 1116. You should consult your tax advisor.

2025 Foreign Taxes Paid Shareholder Supplemental Information

Active ETFs

Fund Name Foreign Source Income Percentage1 Foreign Qualifying Dividend Income Percentage1
Matthews China Active ETF 97.02% 97.03%
Matthews Asia Innovators Active ETF 60.65% 27.72%
Matthews Emerging Markets Equity Active ETF 78.80% 72.11%
Matthews Emerging Markets ex-China Active ETF 77.71% 61.45%
Matthews Emerging Markets Sustainable Future Active ETF 16.78% 11.54%
Matthews Pacific Tiger Active ETF 94.88% 91.09%
Matthews India Active ETF 25.95% 49.21%
Matthews Japan Active ETF 31.90% 28.40%
Matthews Asia Dividend Active ETF 65.05% 62.49%
Matthews China Innovators Active ETF* 64.23% 70.73%
Matthews Emerging Markets Discovery Active ETF 43.32% 25.24%
Matthews Korea Active ETF 0.00% 0.00%

 

Mutual Funds

Fund Name Foreign Source Income Percentage1 Foreign Qualifying Dividend Income Percentage1
Matthews Asian Growth & Income Fund 100.00% 100.00%
Matthews Emerging Markets Equity Fund 55.33% 50.05%
Matthews Pacific Tiger Fund 0.00% 0.00%
Matthews China Fund 93.60% 100.00%
Matthews Japan Fund 48.47% 87.51%
Matthews Asia Innovators Fund 0.00% 0.00%
Matthews Asia Growth Fund 0.00% 0.00%
Matthews India Fund 49.46% 100.00%
Matthews Asia Dividend Fund 71.09% 73.96%
Matthews Emerging Markets Small Companies Fund 59.43% 58.13%
Matthews China Dividend Fund 77.77% 85.41%
Matthews China Innovators Fund** 72.73% 52.24%
Matthews Emerging Markets Sustainable Future Fund 19.38% 14.25%

1Reflected as a percentage of the 2025 Ordinary Income plus Short Term Gain Distributions

*Formerly known as the China Discovery Active ETF

**Formerly known as the China Small Companies Fund

2024 Foreign Tax Credit Information

The following Funds have elected to pass through foreign taxes paid to shareholders during 2024. These foreign taxes were reported in box 7 of your 2024 Form 1099-DIV. You may be able to claim either a foreign tax credit or a deduction with regard to these taxes. Effective for the year ending 2008, country-by-country income information is no longer required for mutual fund shareholders, even those filing IRS Form 1116. You should consult your tax advisor.

2024 Foreign Taxes Paid Shareholder Supplemental Information

Active ETFs

Fund Name Foreign Source Income Percentage1 Foreign Qualifying Dividend Income Percentage1
Emerging Markets Equity Active ETF 39.30% 38.82%
Emerging Markets ex China Active ETF 73.94% 96.91%
Matthews Emerging Markets Sustainable Future Active ETF 26.60% 29.50%
Matthews Emerging Markets Discovery Active ETF 58.18% 67.08%
Matthew Asia Dividend Active ETF 47.47% 43.84%
Asia Innovators Active ETF 99.89% 32.28%
Matthews Pacific Tiger Active ETF 94.22% 81.23%
Matthews China Active ETF 94.57% 100.00%
Matthews China Discovery Active ETF 91.71% 91.13%
Matthews India Active ETF 22.34% 80.17%
Matthews Japan Active ETF 85.54% 93.55%
Matthews Korea Active ETF 96.84% 29.86%

 

Mutual Funds

Fund Name Foreign Source Income Percentage1 Foreign Qualifying Dividend Income Percentage1
Emerging Markets Equity Fund 89.16% 100.00%
Emerging Markets Sustainable Future Fund* 31.61% 30.44%
Emerging Markets Small Companies Fund 43.83% 36.39%
Asia Growth Fund 82.60% 87.39%
Pacific Tiger Fund 100.00% 97.43%
Asia Innovators Fund N/A N/A
China Fund 99.04% 100.00%
China Small Companies Fund 100.00% 43.56%
India Fund 10.56% 15.03%
Japan Fund 68.40% 79.31%
Asian Growth and Income Fund 100.00% 70.01%
Asia Dividend Fund 81.27% 84.19%
China Dividend Fund 95.75% 86.39%

1Reflected as a percentage of the 2024 Ordinary Income plus Short Term Gain Distributions

2023 Foreign Tax Credit Information

The following Funds have elected to pass through foreign taxes paid to shareholders during 2023. These foreign taxes were reported in box 7 of your 2023 Form 1099-DIV. You may be able to claim either a foreign tax credit or a deduction with regard to these taxes. Effective for the year ending 2008, country-by-country income information is no longer required for mutual fund shareholders, even those filing IRS Form 1116. You should consult your tax advisor.

2023 Foreign Taxes Paid Shareholder Supplemental Information

Active ETFs

Fund Name Foreign Source Income Percentage1 Foreign Qualifying Dividend Income Percentage1
Emerging Markets Equity Active ETF 100.00% 100.00%
Emerging Markets ex China Active ETF 80.39% 100.00%
Matthews Emerging Markets Sustainable Future Active ETF 28.64% 44.40%
Matthew Asia Dividend Active ETF 54.73% 51.46%
Asia Innovators Active ETF 85.67% 44.40%
Matthews Pacific Tiger Active ETF 35.68% 100.00%
Matthews China Active ETF 97.03% 100.00%
Matthews India Active ETF N/A N/A
Matthews Japan Active ETF 56.09% 47.95%
Matthews Korea Active ETF+ N/A N/A

 

Mutual Funds

Fund Name Foreign Source Income Percentage1 Foreign Qualifying Dividend Income Percentage1
Emerging Markets Equity Fund 97.57% 100.00%
Emerging Markets Sustainable Future Fund* 24.02% 13.60%
Emerging Markets Small Companies Fund 37.68% 18.24%
Asia Growth Fund 71.83% 100.00%
Pacific Tiger Fund 85.79% 53.36%
Asia Innovators Fund 95.85% 100.00%
China Fund 98.79% 100.00%
China Small Companies Fund 100.00% 100.00%
India Fund 35.45% 38.45%
Japan Fund N/A N/A
Korea Fund+ 98.75% 100.00%
Asian Growth and Income Fund 90.44% 50.59%
Asia Dividend Fund 92.20% 100.00%
China Dividend Fund 92.26% 81.92%
Total Return Bond Fund** 34.84% 0.00%
Asia Credit Opportunities** 82.77% 0.00%

1Reflected as a percentage of the 2023 Ordinary Income plus Short Term Gain Distributions

+The Matthews Korea Fund reorganized into the Matthews Korea Active ETF on July 14, 2023.

*Emerging Markets Sustainable Future Fund was formerly known as Asia ESG

**The Matthews Asia Total Return Fund and the Matthews Asia Credit Opportunities Fund closed in March 2023.

2022 Foreign Tax Credit Information

The following Funds have elected to pass through foreign taxes paid to shareholders during 2022. These foreign taxes were reported in box 7 of your 2022 Form 1099-DIV. You may be able to claim either a foreign tax credit or a deduction with regard to these taxes. Effective for the year ending 2008, country-by-country income information is no longer required for mutual fund shareholders, even those filing IRS Form 1116. You should consult your tax advisor.

2022 Foreign Taxes Paid Shareholder Supplemental Information

Active ETFs

Fund Name Foreign Source Income Percentage1 Foreign Qualifying Dividend Income Percentage1
Emerging Markets Equity Active ETF 93.08% 100.00%
China Active ETF 0.00% 0.00%
Asia Innovators Active ETF 0.00% 0.00%

 

Mutual Funds

Fund Name Foreign Source Income Percentage1 Foreign Qualifying Dividend Income Percentage1
Emerging Markets Equity Fund 100.00% 100.00%
Emerging Markets Sustainable Future Fund* 40.64% 18.45%
Emerging Markets Small Companies Fund 45.06% 33.54%
Asia Growth Fund 46.81% 100.00%
Pacific Tiger Fund 75.90% 39.48%
Asia Innovators Fund 0.00% 0.00%
China Fund 100.00% 100.00%
China Small Companies Fund 49.18% 18.06%
India Fund 34.39% 61.54%
Japan Fund 0.00% 0.00%
Korea Fund 98.75% 100.00%
Asian Growth and Income Fund 87.14% 44.56%
Asia Dividend Fund 100.00% 72.08%
China Dividend Fund 96.57% 75.85%
Total Return Bond Fund** 100.00% 0.00%
Asia Credit Opportunities** 96.83% 0.00%

1Reflected as a percentage of the 2022 Ordinary Income plus Short Term Gain Distributions

*Emerging Markets Sustainable Future Fund was formerly known as Asia ESG

**The Matthews Asia Total Return Fund and the Matthews Asia Credit
Opportunities Fund intend to close and will be liquidated on or about March 15, 2023.

2021 Foreign Tax Credit Information

The following Funds have elected to pass through foreign taxes paid to shareholders during 2021. These foreign taxes were reported in box 7 of your 2021 Form 1099-DIV. You may be able to claim either a foreign tax credit or a deduction with regard to these taxes. Effective for the year ending 2008, country-by-country income information is no longer required for mutual fund shareholders, even those filing IRS Form 1116. You should consult your tax advisor.

2021 Foreign Taxes Paid Shareholder Supplemental Information

Fund Name Foreign Source Income Percentage1 Foreign Qualifying Dividend Income Percentage1
Emerging Markets Equity Fund 46.20% 29.86%
Total Return Bond Fund 93.04% 0.00%
Asia Credit Opportunities 97.50% 0.00%
Asian Growth and Income Fund 53.92% 35.45%
Asia Dividend Fund 43.81% 40.18%
China Dividend Fund 80.53% 33.80%
Asia Growth Fund 20.17% 23.80%
Pacific Tiger Fund 52.61% 33.77%
Asia ESG Fund 16.65% 10.63%
Emerging Asia Fund 100.00% 100.00%
Asia Innovators Fund 5.24% 3.29%
China Fund 10.73% 20.90%
India Fund 34.39% 64.15%
Japan Fund 43.93% 57.83%
Korea Fund 85.96% 90.08%
Emerging Markets Small Companies Fund* 13.42% 7.80%
China Small Companies Fund 19.03% 1.95%

1Reflected as a percentage of the 2021 Ordinary Income plus Short Term Gain Distributions

*Emerging Markets Small Companies Fund was formerly known as Asia Small Companies Fund

2020 Foreign Tax Credit Information

The following Funds have elected to pass through foreign taxes paid to shareholders during 2020. These foreign taxes were reported in box 7 of your 2020 Form 1099-DIV. You may be able to claim either a foreign tax credit or a deduction with regard to these taxes. Effective for the year ending 2008, country-by-country income information is no longer required for mutual fund shareholders, even those filing IRS Form 1116. You should consult your tax advisor.

2020 Foreign Taxes Paid Shareholder Supplemental Information

Fund Name Foreign Source Income Percentage1 Foreign Qualifying Dividend Income Percentage1
Emerging Markets Equity Fund 11.28% 8.29%
Total Return Bond Fund 100.00% 0.00%
Asia Credit Opportunities 0.00% 0.00%
Asian Growth and Income Fund 99.83% 67.10%
Asia Dividend Fund 89.03% 71.87%
China Dividend Fund 100.00% 64.19%
Asia Value Fund 0.00% 0.00%
Asia Growth Fund 20.17% 59.38%
Pacific Tiger Fund 48.02% 36.42%
Asia ESG Fund 21.77% 19.25%
Emerging Asia Fund 100.00% 100.00%
Asia Innovators Fund 5.24% 3.29%
China Fund 23.73% 18.16%
India Fund 0.00% 0.00%
Japan Fund 91.21% 100.00%
Korea Fund 100.00% 100.00%
Asia Small Companies Fund 69.18% 66.12%
China Small Companies Fund 9.68% 0.93%

1Reflected as a percentage of the 2020 Ordinary Income plus Short Term Gain Distributions

2019 Foreign Tax Credit Information

The following Funds have elected to pass through foreign taxes paid to shareholders during 2019. These foreign taxes were reported in box 7 of your 2019 Form 1099-DIV. You may be able to claim either a foreign tax credit or a deduction with regard to these taxes. Effective for the year ending 2008, country-by-country income information is no longer required for mutual fund shareholders, even those filing IRS Form 1116. You should consult your tax advisor.

2019 Foreign Taxes Paid Shareholder Supplemental Information

Fund Name Foreign Source Income Percentage1 Foreign Qualifying Dividend Income Percentage1
Strategic Income Fund 100.00% 0.00%
Asia Credit Opportunities 0.00% 0.00%
Asian Growth and Income Fund 84.38% 65.10%
Asia Dividend Fund 80.22% 62.75%
China Dividend Fund 94.34% 68.59%
Asia Value Fund 93.31% 18.41%
Asia Focus Fund 0.00% 0.00%
Asia Growth Fund 0.00% 0.00%
Pacific Tiger Fund 96.21% 100.00%
Asia ESG Fund 100.00% 93.97%
Emerging Asia Fund 100.00% 100.00%
Asia Innovators Fund 0.00% 0.00%
China Fund 97.96% 98.22%
India Fund 0.00% 0.00%
Japan Fund 96.03% 100.00%
Korea Fund 0.00% 0.00%
Asia Small Companies Fund 100.00% 100.00%
China Small Companies Fund 98.51% 8.59%

1Reflected as a percentage of the 2019 Ordinary Income plus Short Term Gain Distributions

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Matthews Asia Funds
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Pittsburgh, PA 15253-4475

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