Matthews Asia Growth Fund (MPACX) NPORT-P Matthews Emerging Markets Sustainable Future Active ETF (Sep 2023 report)

Matthews Emerging Markets Sustainable Future Active ETF	September 30, 2023
Schedule of Investmentsa (unaudited)
COMMON EQUITIES: 99.3%

	Shares		Value
CHINA/HONG KONG: 42.7%
JD Health International, Inc.b,c,d		13,500		$69,983
Full Truck Alliance Co., Ltd. ADRc		9,100		64,064
Meituan Class Bb,c,d		4,100		59,994
Legend Biotech Corp. ADRc		863		57,968
Hong Kong Exchanges & Clearing, Ltd.		1,500		56,040
Airtac International Group		1,000		30,328
Contemporary Amperex Technology Co., Ltd. A Shares		900		25,080
Zhihu, Inc. ADRc		22,906		23,822
Lam Research Corp.		37		23,190
Medlive Technology Co., Ltd.b,d		21,500		21,715
Flat Glass Group Co., Ltd. H Shares		8,000		17,978
Ginlong Technologies Co., Ltd. A Shares		1,500		16,164
Wuxi Biologics Cayman, Inc.b,c,d		2,000		11,658
Innovent Biologics, Inc.b,c,d		2,000		9,768
Silergy Corp.		1,000		9,433
Hangzhou Tigermed Consulting Co., Ltd. A Shares		1,000		9,141
Centre Testing International Group Co., Ltd. A Shares		3,200		8,184
Zhejiang HangKe Technology, Inc. Co. A Shares		1,939		6,959
China Conch Venture Holdings, Ltd.		7,500		6,397
OPT Machine Vision Tech Co., Ltd. A Shares		409		6,376
Morimatsu International Holdings Co., Ltd.c,d		6,000		4,390
Total China/Hong Kong				538,632
INDIA: 19.5%
Bandhan Bank, Ltd.b,d		27,464		83,211
Shriram Finance, Ltd.		3,455		79,856
Indus Towers, Ltd.c		13,037		30,096
Phoenix Mills, Ltd.		954		20,844
Mahindra & Mahindra, Ltd.		991		18,548
UNO Minda, Ltd.		930		6,714
Marico, Ltd.		895		6,053
Total India				245,322
TAIWAN: 9.2%
Elite Material Co., Ltd.		2,000		26,517
M31 Technology Corp.		1,000		24,814
Andes Technology Corp.		2,000		24,535
Sporton International, Inc.		2,000		15,644
Poya International Co., Ltd.		1,000		14,932
Formosa Sumco Technology Corp.		2,000		8,891
Total Taiwan				115,333
SOUTH KOREA: 6.8%
Samsung SDI Co., Ltd.		110		41,737
Eugene Technology Co., Ltd.		670		19,141
Solus Advanced Materials Co., Ltd.		664		14,344
Ecopro BM Co., Ltd.		54		10,124
LG Energy Solution, Ltd.c		2		706
Total South Korea				86,052
BRAZIL: 6.7%
YDUQS Participacoes SA		10,400		41,286
B3 SA - Brasil Bolsa Balcao		13,900		34,131
NU Holdings, Ltd. Class Ac		1,160		8,410
Total Brazil				83,827

	Shares		Value
SAUDI ARABIA: 2.8%
Saudi Tadawul Group Holding Co.		693		$35,662
Total Saudi Arabia				35,662
POLAND: 2.8%
InPost SAc		1,633		19,018
Jeronimo Martins SGPS SA		734		16,522
Total Poland				35,540
UNITED STATES: 2.8%
Micron Technology, Inc.		514		34,967
Total United States				34,967
VIETNAM: 1.4%
Nam Long Investment Corp.		12,600		18,144
Total Vietnam				18,144
JORDAN: 1.2%
Hikma Pharmaceuticals PLC		611		15,571
Total Jordan				15,571
ROMANIA: 1.2%
Banca Transilvania SAc		3,156		14,846
Total Romania				14,846
ESTONIA: 0.8%
Enefit Green AS		2,313		9,840
Total Estonia				9,840
CHILE: 0.7%
Aguas Andinas SA Class A		29,527		8,857
Total Chile				8,857
BANGLADESH: 0.7%
BRAC Bank, Ltd.		17,844		5,260
GrameenPhone, Ltd.		1,302		3,090
Total Bangladesh				8,350
TOTAL COMMON EQUITIES				1,250,943
(Cost $1,240,011)
PREFERRED EQUITIES: 0.5%
SOUTH KOREA: 0.5%
Samsung SDI Co., Ltd., Pfd.		31		5,617
Total South Korea				5,617
TOTAL PREFERRED EQUITIES				5,617
(Cost $6,041)

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Matthews Emerging Markets Sustainable Future Active ETF	September 30, 2023
Schedule of Investmentsa (unaudited) (continued)

SHORT-TERM INVESTMENTS: 1.4%

	Shares		Value
MONEY MARKET FUNDS: 1.4%
JPMorgan U.S. Government Money Market Fund, Capital Shares, 5.22%e		17,950		17,950
(Cost $17,950)
TOTAL INVESTMENTS: 101.2%			$	1,274,510
(Cost $1,264,002)
LIABILITIES IN EXCESS OF CASH AND OTHER ASSETS: (1.2%)				(14,515	)
NET ASSETS: 100.0%			$	1,259,995

a Certain securities were fair valued under the valuation policies approved by the Board of Trustees.

b Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The security has been determined to be liquid in accordance with procedures adopted by the Funds’ Board of Trustees. At September 30, 2023, the aggregate value is $256,329, which is 20.34% of net assets.

c Non-income producing security.

d The securities may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

e Rate shown is the current yield as of September 30, 2023.

ADR American Depositary Receipt

Pfd. Preferred

2 MATTHEWS ASIA FUNDS