Matthews India Fund

Matthews Asia Funds
Portfolio Holdings: 31 December 2018

Security Sector Shares Value
HDFC Bank, Ltd. Financials 191,090 5,807,321
Eicher Motors, Ltd. Consumer Discretionary 14,169 4,700,045
Kotak Mahindra Bank, Ltd. Financials 255,648 4,601,060
IndusInd Bank, Ltd. Financials 192,321 4,405,677
Suzuki Motor Corp. Consumer Discretionary 86,300 4,362,003
ITC, Ltd. Consumer Staples 1,080,483 4,358,921
Housing Development Finance Corp., Ltd. Financials 128,665 3,627,588
Bajaj Finance, Ltd. Financials 73,119 2,770,390
Shriram City Union Finance, Ltd. Financials 117,897 2,684,789
InterGlobe Aviation, Ltd. Industrials 156,440 2,610,667
UPL, Ltd. Materials 221,188 2,402,361
VST Industries, Ltd. Consumer Staples 51,055 2,393,402
Alembic Pharmaceuticals, Ltd. Health Care 270,487 2,323,527
Ajanta Pharma, Ltd. Health Care 131,679 2,236,380
Cholamandalam Investment and Finance Co., Ltd. Financials 122,538 2,211,060
DCB Bank, Ltd. Financials 838,415 2,032,562
Info Edge India, Ltd. Communication Services 93,830 1,936,250
Wipro, Ltd. Information Technology 402,634 1,908,075
Dabur India, Ltd. Consumer Staples 286,977 1,770,202
Yes Bank, Ltd. Financials 654,788 1,705,101
AIA Engineering, Ltd. Industrials 69,697 1,674,315
Blue Dart Express, Ltd. Industrials 27,118 1,309,559
Mphasis, Ltd. Information Technology 87,005 1,269,215
Ashok Leyland, Ltd. Industrials 862,036 1,265,640
Natco Pharma, Ltd. Health Care 129,715 1,263,537
Caplin Point Laboratories, Ltd. Health Care 226,796 1,240,959
Emami, Ltd. Consumer Staples 203,376 1,223,781
Sundaram Finance, Ltd. Financials 57,108 1,176,860
Zydus Wellness, Ltd. Consumer Staples 58,655 1,142,981
Bajaj Corp., Ltd. Consumer Staples 216,155 1,142,929
Nestle India, Ltd. Consumer Staples 7,113 1,129,364
Symphony, Ltd. Consumer Discretionary 59,052 986,834
Marico, Ltd. Consumer Staples 182,872 978,081
CRISIL, Ltd. Financials 41,120 950,329
Eris Lifesciences, Ltd. Health Care 91,930 904,816
Axis Bank, Ltd. Financials 101,384 900,207
Pidilite Industries, Ltd. Materials 54,943 871,881
eClerx Services, Ltd. Information Technology 55,221 849,770
Castrol India, Ltd. Materials 371,672 805,224
NIIT Technologies, Ltd. Information Technology 47,487 781,758
LA Opala RG, Ltd. Consumer Discretionary 222,428 700,781
Sun Pharmaceutical Industries, Ltd. Health Care 106,097 654,230
Tata Consultancy Services, Ltd. Information Technology 15,782 427,937
Poly Medicure, Ltd. Health Care 115,392 367,258
NMDC, Ltd. Materials 137,200 190,332
Cognizant Technology Solutions Corp. Class A Information Technology 2,600 164,546
Gulf Oil Lubricants India, Ltd. Materials 6,736 79,232
Net Cash -65,473 -65,473

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.