Matthews Pacific Tiger Fund

Matthews Asia Funds
Portfolio Holdings: 30 September 2018

Security Country Sector Shares Value
Ping An Insurance Group Co. of China, Ltd. H Shares China/Hong Kong Financials 2,813,500 28,548,895
Sinopharm Group Co., Ltd. H Shares China/Hong Kong Health Care 5,277,600 25,830,916
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares China/Hong Kong Consumer Staples 6,560,755 24,478,644
AIA Group, Ltd. China/Hong Kong Financials 2,519,000 22,478,940
DB Insurance Co., Ltd. South Korea Financials 341,006 22,380,200
Central Pattana Public Co., Ltd. Thailand Real Estate 8,634,100 22,140,131
China Resources Beer Holdings Co., Ltd. China/Hong Kong Consumer Staples 5,271,086 21,150,526
China Mobile, Ltd. ADR China/Hong Kong Telecom Services 416,695 19,997,705
Baidu, Inc. ADR China/Hong Kong Information Technology 86,170 19,813,963
China Resources Land, Ltd. China/Hong Kong Real Estate 5,625,111 19,659,952
Sun Pharmaceutical Industries, Ltd. India Health Care 2,283,806 19,635,565
Kotak Mahindra Bank, Ltd. India Financials 1,236,607 19,474,556
NAVER Corp. South Korea Information Technology 29,215 18,839,177
Dairy Farm International Holdings, Ltd. China/Hong Kong Consumer Staples 2,067,100 18,603,900
DKSH Holding AG Switzerland Industrials 271,269 18,436,296
Samsung Electronics Co., Ltd. South Korea Information Technology 427,333 17,870,150
President Chain Store Corp. Taiwan Consumer Staples 1,483,000 17,387,170
PT Bank Central Asia Indonesia Financials 10,166,200 16,461,225
Tencent Holdings, Ltd. China/Hong Kong Information Technology 389,200 16,061,671
Delta Electronics, Inc. Taiwan Information Technology 3,721,032 15,937,293
Tata Power Co., Ltd. India Utilities 17,474,451 15,873,812
Alibaba Group Holding, Ltd. ADR China/Hong Kong Information Technology 94,700 15,711,789
Cognizant Technology Solutions Corp. Class A United States Information Technology 202,200 15,503,411
Cheil Worldwide, Inc. South Korea Consumer Discretionary 783,505 15,283,019
GAIL India, Ltd. India Utilities 2,871,379 15,012,452
ITC, Ltd. India Consumer Staples 3,626,590 14,896,085
PT Telekomunikasi Indonesia Persero Indonesia Telecom Services 59,115,400 14,414,082
Public Bank BHD Malaysia Financials 2,276,150 13,745,105
HDFC Bank, Ltd. India Financials 492,581 13,631,427
Yum China Holdings, Inc. China/Hong Kong Consumer Discretionary 388,700 13,560,195
Hong Kong Exchanges & Clearing, Ltd. China/Hong Kong Financials 470,500 13,450,854
Vietnam Dairy Products JSC Vietnam Consumer Staples 2,251,182 13,249,911
Container Corp. of India, Ltd. India Industrials 1,492,641 12,919,818
Fuyao Glass Industry Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 3,380,800 12,291,540
Guotai Junan Securities Co., Ltd. H Shares China/Hong Kong Financials 5,725,000 11,778,932
Titan Co., Ltd. India Consumer Discretionary 981,174 10,904,039
E-Mart, Inc. South Korea Consumer Staples 52,619 9,843,085
PT Indofood CBP Sukses Makmur Indonesia Consumer Staples 16,542,900 9,797,074
SM Prime Holdings, Inc. Philippines Real Estate 11,716,375 7,839,107
Kasikornbank Public Co., Ltd. Thailand Financials 1,172,400 7,824,902
Housing Development Finance Corp., Ltd. India Financials 321,896 7,790,958
GT Capital Holdings, Inc. Philippines Financials 489,871 7,434,651
Dabur India, Ltd. India Consumer Staples 1,256,830 7,401,583
PT Surya Citra Media Indonesia Consumer Discretionary 56,439,800 7,089,600
Wise Talent Information Technology Co., Ltd. China/Hong Kong Information Technology 2,348,200 6,946,893
Synnex Technology International Corp. Taiwan Information Technology 5,449,311 6,941,966
Hengan International Group Co., Ltd. China/Hong Kong Consumer Staples 699,000 6,437,747
IHH Healthcare BHD Malaysia Health Care 4,716,500 5,930,994
PT Mitra Keluarga Karyasehat Indonesia Health Care 50,010,300 5,856,321
Genting BHD Malaysia Consumer Discretionary 3,075,250 5,803,480
The Siam Cement Public Co., Ltd. Thailand Materials 419,400 5,781,996
United Spirits, Ltd. India Consumer Staples 775,018 5,498,576
Green Cross Corp. South Korea Health Care 34,342 5,417,940
Orion Holdings Corp. South Korea Consumer Staples 318,140 5,406,301
Thermax, Ltd. India Industrials 371,105 4,846,532
Tasly Pharmaceutical Group Co., Ltd. A Shares China/Hong Kong Health Care 1,390,705 4,628,090
S-1 Corp. South Korea Industrials 55,924 4,608,027
PT Telekomunikasi Indonesia Persero ADR Indonesia Telecom Services 177,500 4,288,614
Amorepacific Corp. South Korea Consumer Staples 15,544 3,654,552
PT Perusahaan Gas Negara Persero Indonesia Utilities 14,024,600 2,113,949
Just Dial, Ltd. India Information Technology 312,807 2,060,496
LINE Corp. ADR Japan Information Technology 44,400 1,893,509
IHH Healthcare BHD Malaysia Health Care 126,000 167,595
Net Cash United States 30,217,775 30,217,775

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.

Investors should ascertain from their professional advisers the consequences of investing in the Fund under the relevant laws of the jurisdictions to which they are subject, including the tax consequences and any exchange control requirement. Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before making an investment decision. The current prospectus, Supplement for Hong Kong investors, Product Key Facts Statements or other offering documents (“Hong Kong Offering Document”) contain this and other information and can be obtained by visiting  Please read the Hong Kong Offering Documents carefully for further details including risk factors before investing.