Matthews Asia Dividend Fund


Top 10 Holdings as of 31 August 2018

Security Sector Country % Net Assets
Shenzhou International Group Holdings, Ltd. Consumer Discretionary China/Hong Kong 4.1
Minth Group, Ltd. Consumer Discretionary China/Hong Kong 3.8
China Petroleum & Chemical Corp. Energy China/Hong Kong 3.5
Hyundai Mobis Co., Ltd. Consumer Discretionary South Korea 2.9
Kao Corp. Consumer Staples Japan 2.9
NTT DoCoMo, Inc. Telecom Services Japan 2.8
Japan Tobacco, Inc. Consumer Staples Japan 2.6
Taiwan Semiconductor Manufacturing Co., Ltd. Information Technology Taiwan 2.6
Nitori Holdings Co., Ltd. Consumer Discretionary Japan 2.5
HSBC Holdings PLC Financials China/Hong Kong 2.3
Total 30.0
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 August 2018

  Fund MSCI All Country Asia Pacific Index GBPDifference
Consumer Discretionary 20.8 12.2 8.6
Consumer Staples 19.0 6.5 12.5
Financials 14.5 20.4 -5.9
Information Technology 9.3 20.7 -11.4
Telecom Services 7.8 4.3 3.5
Industrials 7.0 11.9 -4.9
Utilities 5.3 2.5 2.8
Energy 5.0 3.6 1.4
Materials 4.5 6.7 -2.2
Health Care 3.0 5.9 -2.9
Real Estate 1.5 5.3 -3.8
Cash and Other Assets, Less Liabilities 2.4 0.0 2.4
  Fund MSCI All Country Asia Pacific Index GBPDifference
China/Hong Kong 37.5 23.4 14.1
Japan 30.9 38.1 -7.2
South Korea 10.3 8.4 1.9
Taiwan 3.7 7.0 -3.3
Singapore 3.5 2.0 1.5
India 2.9 5.3 -2.4
Australia 2.2 10.9 -8.7
Indonesia 2.0 1.1 0.9
Thailand 1.3 1.4 -0.1
Vietnam 1.2 0.0 1.2
Bangladesh 1.1 0.0 1.1
Philippines 1.0 0.6 0.4
Malaysia 0.0 1.4 -1.4
New Zealand 0.0 0.4 -0.4
Pakistan 0.0 0.0 0.0
Cash and Other Assets, Less Liabilities 2.4 0.0 2.4
  Fund MSCI All Country Asia Pacific Index GBP Difference
Mega Cap (over $25B) 30.2 51.9 -21.7
Large Cap ($10B-$25B) 23.6 25.8 -2.2
Mid Cap ($3B-$10B) 19.1 20.3 -1.2
Small Cap (under $3B) 24.6 2.0 22.6
Cash and Other Assets, Less Liabilities 2.4 0.0 2.4
Equity market cap of issuer.
  Fund
Common Equities and ADRs 94.9
Preferred Equities 2.8
Cash and Other Assets, Less Liabilities 2.4
Source: FactSet Research Systems.

Portfolio Characteristics as of 31 August 2018

Number of Securities1

68

Weighted Average
Market Cap

$40.5 billion

P/E using FY1 estimates

14.4x

P/E using FY2 estimates

13.0x

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 www.msci.com.

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.