Matthews Pacific Tiger Fund

Top 10 Holdings as of 31 October 2018

Security Sector Country % Net Assets
Ping An Insurance Group Co. of China, Ltd. Financials China/Hong Kong 3.7
Sinopharm Group Co., Ltd. Health Care China/Hong Kong 3.3
Inner Mongolia Yili Industrial Group Co., Ltd. Consumer Staples China/Hong Kong 2.9
PT Telekomunikasi Indonesia Persero Communication Services Indonesia 2.8
DB Insurance Co., Ltd. Financials South Korea 2.8
Central Pattana Public Co., Ltd. Real Estate Thailand 2.7
Tata Power Co., Ltd. Utilities India 2.5
DKSH Holding AG Industrials Switzerland 2.5
China Mobile, Ltd. Communication Services China/Hong Kong 2.5
AIA Group, Ltd. Financials China/Hong Kong 2.5
Total 28.2
Top 10 holdings may combine more than one security from the same issuer and related depositary receipts.
Source: Brown Brothers Harriman (Luxembourg) S.C.A

Portfolio Breakdown (%) as of 31 October 2018

  Fund MSCI All Country Asia ex Japan IndexDifference
Financials 23.7 24.0 -0.3
Consumer Staples 18.5 5.0 13.5
Communication Services 16.2 12.5 3.7
Health Care 7.9 3.0 4.9
Consumer Discretionary 6.9 11.9 -5.0
Information Technology 6.6 17.7 -11.1
Real Estate 6.1 5.9 0.2
Industrials 5.7 6.9 -1.2
Utilities 4.4 3.4 1.0
Materials 0.7 4.8 -4.1
Energy 0.0 5.0 -5.0
Cash and Other Assets, Less Liabilities 3.4 0.0 3.4
  Fund MSCI All Country Asia ex Japan IndexDifference
China/Hong Kong 36.4 46.2 -9.8
India 19.9 10.1 9.8
South Korea 12.6 16.3 -3.7
Indonesia 7.4 2.4 5.0
Taiwan 4.9 13.8 -8.9
Thailand 4.3 2.9 1.4
Malaysia 3.2 2.9 0.3
Switzerland 2.5 0.0 2.5
Philippines 1.9 1.2 0.7
United States 1.7 0.0 1.7
Vietnam 1.6 0.0 1.6
Japan 0.2 0.0 0.2
Singapore 0.0 4.1 -4.1
Pakistan 0.0 0.1 -0.1
Cash and Other Assets, Less Liabilities 3.4 0.0 3.4
  Fund MSCI All Country Asia ex Japan Index Difference
Mega Cap (over $25B) 34.0 50.8 -16.8
Large Cap ($10B-$25B) 34.2 24.4 9.8
Mid Cap ($3B-$10B) 17.7 20.4 -2.7
Small Cap (under $3B) 10.7 4.4 6.3
Cash and Other Assets, Less Liabilities 3.4 0.0 3.4
Equity market cap of issuer.
Common Equities and ADRs 96.5
Preferred Equities 0.0
Cash and Other Assets, Less Liabilities 3.4
Source: FactSet Research Systems.

Portfolio Characteristics as of 31 October 2018

Number of Securities1


Weighted Average
Market Cap

$48.3 billion

P/E using FY1 estimates


P/E using FY2 estimates


1Source: Brown Brothers Harriman (Luxembourg) S.C.A
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

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. 

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