THE TAIWAN FUND,INC.
Schedule of Investments / November 30, 2020(Showing Percentage of Net Assets) (unaudited)
| SHARES | US $ VALUE | |||||||
| COMMON STOCKS – 93.1% | ||||||||
| CONSUMER DISCRETIONARY — 8.6% | ||||||||
| Auto Components Industry — 0.3% | ||||||||
| Kenda Rubber Industrial Co., Ltd. | 585,000 | $ | 759,407 | |||||
| Electric & Machinery Industry — 1.6% | ||||||||
| Global PMX Co., Ltd. | 565,000 | 3,815,893 | ||||||
| Other Industry — 0.4% | ||||||||
| Giant Manufacturing Co., Ltd. | 75,000 | 743,356 | ||||||
| KMC Kuei Meng International, Inc. | 19,000 | 126,656 | ||||||
| 870,012 | ||||||||
| Textiles Industry — 4.4% | ||||||||
| Fulgent Sun International Holding Co., Ltd. | 929,877 | 3,947,553 | ||||||
| Makalot Industrial Co., Ltd. | 446,000 | 2,887,010 | ||||||
| Pou Chen Corp. | 3,168,000 | 3,473,379 | ||||||
| 10,307,942 | ||||||||
| Trading & Consumers' Goods Industry — 1.9% | ||||||||
| Poya International Co., Ltd. | 218,000 | 4,573,774 | ||||||
| TOTAL CONSUMER DISCRETIONARY | 20,327,028 | |||||||
| DIVERSIFIED TELECOMMUNICATION SERVICES — 0.8% | ||||||||
| Communications & Internet Industry — 0.8% | ||||||||
| Chief Telecom, Inc. | 135,000 | 1,799,842 | ||||||
| TOTAL DIVERSIFIED TELECOMMUNICATION SERVICES | 1,799,842 | |||||||
| FINANCIALS — 1.4% | ||||||||
| Financial & Insurance Industry — 1.4% | ||||||||
| Cathay Financial Holding Co., Ltd. | 1,455,000 | 2,062,346 | ||||||
| CTBC Financial Holding Co., Ltd. | 1,641,000 | 1,102,540 | ||||||
| TOTAL FINANCIALS | 3,164,886 | |||||||
| INDUSTRIALS — 2.0% | ||||||||
| Electric & Machinery Industry — 2.0% | ||||||||
| Hiwin Technologies Corp. | 442,000 | 4,737,514 | ||||||
| TOTAL INDUSTRIALS | 4,737,514 | |||||||
| INFORMATION TECHNOLOGY — 74.8% | ||||||||
| Communications & Internet Industry — 4.9% | ||||||||
| Accton Technology Corp. | 883,000 | 7,404,158 | ||||||
| Merry Electronics Co., Ltd. | 814,000 | 4,041,084 | ||||||
| 11,445,242 | ||||||||
| Computer & Peripheral Equipment Industry — 1.8% | ||||||||
| Asia Vital Components Co., Ltd. | 1,605,000 | 4,161,372 | ||||||
| Electrical Components & Equipment Industry — 1.9% | ||||||||
| Sensortek Technology Corp. | 170,000 | 4,544,864 | ||||||
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THE TAIWAN FUND,INC.
Schedule of Investments / November 30, 2020(Showing Percentage of Net Assets) (continued) (unaudited)
| SHARES | US $ VALUE | |||||||
| INFORMATION TECHNOLOGY — (Continued) | ||||||||
| Electronic Equipment & Instruments Industry — 2.5% | ||||||||
| ITEQ Corp. | 1,255,000 | $ | 6,032,278 | |||||
| Electronic Parts & Components Industry — 16.6% | ||||||||
| Chilisin Electronics Corp. | 782,000 | 3,621,577 | ||||||
| FLEXium Interconnect, Inc. | 472,000 | 1,987,194 | ||||||
| Gold Circuit Electronics Ltd. * | 1,664,000 | 3,012,452 | ||||||
| Lotes Co., Ltd. | 98,000 | 1,530,041 | ||||||
| Nan Ya Printed Circuit Board Corp. * | 777,000 | 4,934,199 | ||||||
| Speed Tech Corp. | 1,510,000 | 5,642,137 | ||||||
| Taiflex Scientific Co., Ltd. | 1,313,000 | 2,547,457 | ||||||
| TXC Corp. | 775,000 | 2,175,248 | ||||||
| Unimicron Technology Corp. | 2,771,000 | 8,740,037 | ||||||
| Yageo Corp. | 312,000 | 4,838,312 | ||||||
| 39,028,654 | ||||||||
| Optoelectronics Industry — 0.7% | ||||||||
| AU Optronics Corp. * | 3,874,000 | 1,658,198 | ||||||
| Other Electronic Industry — 1.9% | ||||||||
| Hon Hai Precision Industry Co., Ltd. | 1,544,000 | 4,458,248 | ||||||
| Semiconductor Equipment Industry — 2.7% | ||||||||
| Fittech Co., Ltd. | 549,000 | 3,207,034 | ||||||
| Grand Plastic Technology Corp. | 241,000 | 3,141,181 | ||||||
| 6,348,215 | ||||||||
| Semiconductor Industry — 40.7% | ||||||||
| ASPEED Technology, Inc. | 37,000 | 1,830,366 | ||||||
| eMemory Technology, Inc. | 21,000 | 422,174 | ||||||
| Macronix International | 6,832,000 | 9,228,383 | ||||||
| MediaTek, Inc. | 223,000 | 5,508,008 | ||||||
| MPI Corp. | 1,170,000 | 4,741,163 | ||||||
| Nanya Technology Corp. | 1,615,000 | 4,102,307 | ||||||
| Novatek Microelectronics Corp. | 239,000 | 2,507,184 | ||||||
| Silergy Corp. | 123,000 | 9,580,212 | ||||||
| Taiwan Semiconductor Manufacturing Co., Ltd. | 3,224,000 | 54,350,741 | ||||||
| Tong Hsing Electronic Industries Ltd. | 490,762 | 3,417,814 | ||||||
| 95,688,352 | ||||||||
| Technology Hardware Industry — 1.1% | ||||||||
| AURAS Technology Co., Ltd. | 327,000 | 2,673,134 | ||||||
| TOTAL INFORMATION TECHNOLOGY | 176,038,557 | |||||||
| MATERIALS — 5.5% | ||||||||
| Cement Industry — 1.4% | ||||||||
| Asia Cement Corp. | 2,148,000 | 3,263,166 | ||||||
| Iron & Steel Industry — 1.0% | ||||||||
| Century Iron & Steel Industrial Co., Ltd. | 512,000 | 2,344,215 | ||||||
2
THE TAIWAN FUND,INC.
Schedule of Investments / November 30, 2020(Showing Percentage of Net Assets) (continued) (unaudited)
| SHARES | US $ VALUE | |||||||
| MATERIALS — (Continued) | ||||||||
| Metals & Mining Industry — 1.6% | ||||||||
| TA Chen Stainless Pipe | 3,796,000 | $ | 3,742,395 | |||||
| Plastics Industry — 1.5% | ||||||||
| Formosa Chemicals & Fibre Corp. | 1,360,000 | 3,674,064 | ||||||
| TOTAL MATERIALS | 13,023,840 | |||||||
| TOTAL COMMON STOCKS | ||||||||
| (Cost — $155,480,319) | 219,091,667 | |||||||
| TOTAL INVESTMENTS — 93.1% | ||||||||
| (Cost — $155,480,319) | 219,091,667 | |||||||
| OTHER ASSETS AND LIABILITIES, NET—6.9% | 16,197,986 | |||||||
| NET ASSETS—100.0% | 235,289,653 | |||||||
Legend:
| US | $– United States dollar |
| * | Non-income producing |
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