Matthews India Fund

Matthews Asia Funds
Portfolio Holdings: 30 September 2018

This portfolio data should not be relied upon as a complete listing of this Fund's holdings, as information on a particular holding may be withheld if it is in the Fund's best interest to do so.

Security Sector Shares Value
ITC, Ltd. Consumer Staples 1,319,974 5,421,745
HDFC Bank, Ltd. Financials 191,090 5,288,124
Suzuki Motor Corp. Consumer Discretionary 83,300 4,779,782
Eicher Motors, Ltd. Consumer Discretionary 14,169 4,727,313
IndusInd Bank, Ltd. Financials 184,803 4,308,543
Kotak Mahindra Bank, Ltd. Financials 255,648 4,026,042
Shriram City Union Finance, Ltd. Financials 117,897 2,688,992
Housing Development Finance Corp., Ltd. Financials 101,758 2,462,883
Alembic Pharmaceuticals, Ltd. Health Care 270,487 2,347,032
UPL, Ltd. Materials 221,188 2,026,972
Bajaj Finance, Ltd. Financials 67,082 2,006,260
Dabur India, Ltd. Consumer Staples 335,003 1,972,862
VST Industries, Ltd. Consumer Staples 51,055 1,971,664
Ajanta Pharma, Ltd. Health Care 131,679 1,932,315
Info Edge India, Ltd. Information Technology 96,654 1,897,546
Cholamandalam Investment and Finance Co., Ltd. Financials 116,659 1,877,664
Wipro, Ltd. Information Technology 402,634 1,799,606
InterGlobe Aviation, Ltd. Industrials 156,440 1,782,799
DCB Bank, Ltd. Financials 838,415 1,711,759
AIA Engineering, Ltd. Industrials 69,697 1,709,591
Mphasis, Ltd. Information Technology 101,861 1,648,619
Ashok Leyland, Ltd. Industrials 862,036 1,416,312
Emami, Ltd. Consumer Staples 203,376 1,387,216
Natco Pharma, Ltd. Health Care 129,715 1,344,749
Caplin Point Laboratories, Ltd. Health Care 226,796 1,285,720
Bajaj Corp., Ltd. Consumer Staples 216,155 1,229,123
Sundaram Finance, Ltd. Financials 57,108 1,193,092
Blue Dart Express, Ltd. Industrials 27,118 1,121,643
Zydus Wellness, Ltd. Consumer Staples 58,174 1,099,721
CRISIL, Ltd. Financials 41,120 996,177
Yes Bank, Ltd. Financials 376,415 953,630
Nestle India, Ltd. Consumer Staples 7,113 951,767
Eris Lifesciences, Ltd. Health Care 91,930 925,641
Sun Pharmaceutical Industries, Ltd. Health Care 106,097 912,194
Axis Bank, Ltd. Financials 101,384 857,687
Marico, Ltd. Consumer Staples 182,872 840,192
eClerx Services, Ltd. Information Technology 55,221 807,176
Symphony, Ltd. Consumer Discretionary 59,052 798,697
Pidilite Industries, Ltd. Materials 54,943 792,691
Castrol India, Ltd. Materials 371,672 732,423
LA Opala RG, Ltd. Consumer Discretionary 222,428 679,496
Tata Consultancy Services, Ltd. Information Technology 22,029 663,605
Container Corp. of India, Ltd. Industrials 46,300 400,758
Asian Paints, Ltd. Materials 19,902 355,073
Poly Medicure, Ltd. Health Care 115,392 340,334
GRUH Finance, Ltd. Financials 77,383 324,573
Page Industries, Ltd. Consumer Discretionary 512 232,269
Supreme Industries, Ltd. Materials 16,681 231,564
Cognizant Technology Solutions Corp. Class A Information Technology 2,600 199,351
Titan Co., Ltd. Consumer Discretionary 8,390 93,240
Net Cash 35,680 35,680

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.