Matthews Asia Dividend Fund

Matthews Asia Funds
Portfolio Holdings: 30 June 2018

Security Country Sector Shares Value
Shenzhou International Group Holdings, Ltd. China/Hong Kong Consumer Discretionary 1,940,000 23,946,649
Minth Group, Ltd. China/Hong Kong Consumer Discretionary 4,808,000 20,257,683
China Construction Bank Corp. H Shares China/Hong Kong Financials 17,854,000 16,435,342
Hyundai Mobis Co., Ltd. South Korea Consumer Discretionary 84,354 16,045,804
China Petroleum & Chemical Corp. H Shares China/Hong Kong Energy 16,358,000 14,576,438
HSBC Holdings PLC China/Hong Kong Financials 1,442,400 13,511,869
China Gas Holdings, Ltd. China/Hong Kong Utilities 3,343,400 13,444,080
Nitori Holdings Co., Ltd. Japan Consumer Discretionary 85,200 13,299,228
LG Chem, Ltd., Pfd. South Korea Materials 69,614 12,583,670
Pigeon Corp. Japan Consumer Staples 232,900 11,335,338
United Overseas Bank, Ltd. Singapore Financials 573,600 11,241,261
NTT DoCoMo, Inc. Japan Telecom Services 430,500 10,973,629
BGF Retail Co., Ltd. South Korea Consumer Staples 62,515 10,938,022
Rohm Co., Ltd. Japan Information Technology 130,300 10,925,286
Japan Tobacco, Inc. Japan Consumer Staples 387,600 10,836,506
Hua Hong Semiconductor, Ltd. China/Hong Kong Information Technology 3,157,000 10,817,060
Postal Savings Bank of China Co., Ltd. H Shares China/Hong Kong Financials 15,448,000 10,069,324
Kao Corp. Japan Consumer Staples 129,600 9,888,216
MISUMI Group, Inc. Japan Industrials 336,000 9,791,923
Anritsu Corp. Japan Information Technology 710,500 9,749,093
Sands China, Ltd. China/Hong Kong Consumer Discretionary 1,780,000 9,493,733
Samsung Electronics Co., Ltd., Pfd. South Korea Information Technology 280,726 9,476,174
Taiwan Semiconductor Manufacturing Co., Ltd. ADR Taiwan Information Technology 256,239 9,236,719
Sun Art Retail Group, Ltd. China/Hong Kong Consumer Staples 6,957,000 9,097,305
Hoya Corp. Japan Health Care 158,900 9,034,098
Seven & i Holdings Co., Ltd. Japan Consumer Staples 194,100 8,467,807
Breville Group, Ltd. Australia Consumer Discretionary 939,069 8,058,964
Huaneng Power International, Inc. H Shares China/Hong Kong Utilities 12,104,000 8,000,701
PT United Tractors Indonesia Energy 3,568,400 7,868,907
China Resources Power Holdings Co., Ltd. China/Hong Kong Utilities 4,398,000 7,729,509
Thai Beverage Public Co., Ltd. Thailand Consumer Staples 14,287,400 7,543,948
Bharti Infratel, Ltd. India Telecom Services 1,625,947 7,132,429
Fuji Seal International, Inc. Japan Materials 198,400 7,042,360
Vietnam Dairy Products JSC Vietnam Consumer Staples 945,540 7,001,712
Chongqing Brewery Co., Ltd. A Shares China/Hong Kong Consumer Staples 1,599,513 6,679,570
China Mobile, Ltd. China/Hong Kong Telecom Services 724,500 6,430,360
ITC, Ltd. India Consumer Staples 1,608,391 6,249,050
Woori Bank South Korea Financials 424,040 6,199,848
Fanhua, Inc. ADR China/Hong Kong Financials 210,464 5,928,279
HKBN, Ltd. China/Hong Kong Telecom Services 3,734,135 5,749,106
Eiken Chemical Co., Ltd. Japan Health Care 265,200 5,644,030
Fuyao Glass Industry Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 1,667,600 5,632,240
China Steel Chemical Corp. Taiwan Materials 1,136,000 5,549,562
Yuexiu Transport Infrastructure, Ltd. China/Hong Kong Industrials 7,384,000 5,383,083
GrameenPhone, Ltd. Bangladesh Telecom Services 1,152,530 5,355,385
Nifco, Inc. Japan Consumer Discretionary 170,000 5,264,141
CapitaLand, Ltd. Singapore Real Estate 2,254,700 5,216,269
Dairy Farm International Holdings, Ltd. China/Hong Kong Consumer Staples 583,500 5,126,483
Far East Horizon, Ltd. China/Hong Kong Financials 5,268,000 5,109,446
Shanghai Jin Jiang International Hotels Group Co., Ltd. H Shares China/Hong Kong Consumer Discretionary 12,552,000 5,074,490
Samsung Fire & Marine Insurance Co., Ltd. South Korea Financials 21,155 5,010,563
Minda Industries, Ltd. India Consumer Discretionary 257,875 4,758,540
Crystal International Group, Ltd. China/Hong Kong Consumer Discretionary 6,478,000 4,516,184
Mitsubishi Pencil Co., Ltd. Japan Industrials 205,000 4,257,818
CapitaLand Retail China Trust, REIT Singapore Real Estate 3,710,520 4,130,288
HSBC Holdings PLC ADR China/Hong Kong Financials 73,200 3,444,175
Ascendas India Trust Singapore Real Estate 4,476,800 3,315,905
Cafe de Coral Holdings, Ltd. China/Hong Kong Consumer Discretionary 1,348,000 3,261,629
S-1 Corp. South Korea Industrials 37,126 3,224,582
Globe Telecom, Inc. Philippines Telecom Services 110,390 3,177,972
Sumitomo Mitsui Financial Group, Inc. Japan Financials 80,900 3,143,488
PT Cikarang Listrindo Indonesia Utilities 37,350,700 3,075,633
Mitsubishi UFJ Financial Group, Inc. Japan Financials 513,100 2,921,553
BELLSYSTEM24 Holdings, Inc. Japan Industrials 166,600 2,909,598
Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan Information Technology 392,000 2,781,959
Gujarat Pipavav Port, Ltd. India Industrials 1,666,160 2,565,568
Greencross, Ltd. Australia Consumer Discretionary 748,854 2,477,065
China Mobile, Ltd. ADR China/Hong Kong Telecom Services 36,300 1,621,601
Sohgo Security Services Co., Ltd. Japan Industrials 34,200 1,611,658
China Petroleum & Chemical Corp. ADR China/Hong Kong Energy 17,900 1,593,556
Net Cash United States 5,789,349 5,789,349



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 hk.matthewsasia.com.  Please read the Hong Kong Offering Documents carefully for further details including risk factors before investing.