Matthews Emerging Markets Discovery Active ETF | March 31, 2024 |
Schedule of Investmentsa (unaudited)
COMMON EQUITIES: 98.2% | ||
Shares | Value | |
China/Hong Kong: 25.8% | ||
Full Truck Alliance Co., Ltd. ADRb | 31,701 | $230,466 |
Airtac International Group | 4,000 | 138,735 |
Flat Glass Group Co., Ltd. H Shares | 57,000 | 138,523 |
Zhihu, Inc. ADRb | 188,538 | 128,941 |
Tongcheng Travel Holdings, Ltd.b,c | 46,800 | 123,481 |
Silergy Corp. | 10,000 | 102,176 |
Medlive Technology Co., Ltd.c,d | 101,000 | 97,432 |
SITC International Holdings Co., Ltd. | 40,000 | 73,086 |
Xtep International Holdings, Ltd. | 115,500 | 71,575 |
Beijing Capital International Airport Co., Ltd. H Sharesb | 234,000 | 70,860 |
Ginlong Technologies Co., Ltd. A Shares | 6,300 | 51,447 |
Hainan Meilan International Airport Co., Ltd. H Sharesb | 54,000 | 48,505 |
Centre Testing International Group Co., Ltd. A Shares | 26,200 | 45,676 |
Hongfa Technology Co., Ltd. A Shares | 12,900 | 43,264 |
Innovent Biologics, Inc.b,c,d | 8,000 | 38,536 |
Peijia Medical, Ltd.b,c,d | 78,000 | 36,476 |
OPT Machine Vision Tech Co., Ltd. A Shares | 2,157 | 30,006 |
AK Medical Holdings, Ltd.c,d | 44,000 | 27,660 |
Legend Biotech Corp. ADRb | 390 | 21,875 |
Zhejiang HangKe Technology, Inc. Co. A Shares | 6,408 | 18,720 |
CIFI Ever Sunshine Services Group, Ltd.c | 90,000 | 14,834 |
WuXi XDC Cayman, Inc.b | 2,000 | 4,677 |
Total China/Hong Kong | 1,556,951 | |
India: 22.5% | ||
Shriram Finance, Ltd. | 12,303 | 348,161 |
Bandhan Bank, Ltd.c,d | 142,362 | 307,247 |
Phoenix Mills, Ltd. | 5,435 | 181,344 |
Radico Khaitan, Ltd. | 4,859 | 100,658 |
Finolex Cables, Ltd. | 8,073 | 96,892 |
UNO Minda, Ltd. | 8,615 | 70,731 |
Rainbow Children’s Medicare, Ltd. | 3,789 | 58,948 |
Cartrade Tech, Ltd.b | 6,966 | 53,292 |
Barbeque Nation Hospitality, Ltd.b | 8,823 | 52,667 |
Hindware Home Innovation, Ltd. | 9,692 | 43,775 |
Shankara Building Products, Ltd. | 3,596 | 27,644 |
HEG, Ltd. | 813 | 17,976 |
Total India | 1,359,335 | |
Taiwan: 13.3% | ||
M31 Technology Corp. | 6,000 | 240,911 |
Wiwynn Corp. | 3,000 | 205,290 |
Elite Material Co., Ltd. | 9,000 | 113,331 |
Andes Technology Corp. | 6,000 | 79,585 |
Poya International Co., Ltd. | 3,000 | 46,636 |
AURAS Technology Co., Ltd. | 2,000 | 41,183 |
AP Memory Technology Corp. | 3,000 | 36,371 |
Formosa Sumco Technology Corp. | 7,000 | 35,981 |
Total Taiwan | 799,288 | |
Brazil: 8.8% | ||
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 106,500 | 177,658 |
Grupo SBF SA | 58,300 | 150,829 |
YDUQS Participacoes SA | 38,800 | 140,378 |
Shares | Value | |
Vivara Participacoes SA | 12,100 | $61,400 |
Total Brazil | 530,265 | |
South Korea: 8.2% | ||
Hugel, Inc.b | 1,610 | 230,931 |
Eugene Technology Co., Ltd. | 3,836 | 121,384 |
Advanced Nano Products Co., Ltd. | 740 | 72,722 |
Solus Advanced Materials Co., Ltd. | 4,311 | 56,135 |
Ecopro BM Co., Ltd.b | 60 | 12,368 |
Total South Korea | 493,540 | |
Chile: 4.5% | ||
Parque Arauco SA | 64,595 | 95,182 |
Lundin Mining Corp. | 7,200 | 73,743 |
Banco de Credito e Inversiones SA | 2,240 | 63,967 |
Aguas Andinas SA Class A | 126,534 | 36,895 |
Total Chile | 269,787 | |
Saudi Arabia: 4.2% | ||
Saudi Tadawul Group Holding Co. | 2,792 | 203,082 |
Seera Group Holdingb | 7,005 | 53,044 |
Total Saudi Arabia | 256,126 | |
Philippines: 2.8% | ||
GT Capital Holdings, Inc. | 9,910 | 124,106 |
Cebu Air, Inc.b | 83,200 | 47,361 |
Total Philippines | 171,467 | |
Poland: 1.9% | ||
InPost SAb | 7,388 | 113,981 |
Total Poland | 113,981 | |
Vietnam: 1.4% | ||
Military Commercial Joint Stock Bank | 38,800 | 39,903 |
Mobile World Investment Corp. | 14,000 | 28,796 |
Nam Long Investment Corp. | 8,000 | 14,132 |
Total Vietnam | 82,831 | |
Indonesia: 1.1% | ||
PT Mitra Adiperkasa Tbk | 472,800 | 54,273 |
PT Summarecon Agung Tbk | 445,600 | 14,895 |
Total Indonesia | 69,168 | |
Thailand: 1.0% | ||
Siam Wellness Group Public Co., Ltd. F Sharesb | 171,900 | 60,774 |
Total Thailand | 60,774 | |
South Africa: 0.9% | ||
Transaction Capital, Ltd.b | 117,857 | 54,397 |
Total South Africa | 54,397 | |
Mexico: 0.9% | ||
Banco del Bajio SAc,d | 13,300 | 51,850 |
Total Mexico | 51,850 |
matthewsasia.com | 800.789.ASIA 1
Matthews Emerging Markets Discovery Active ETF | March 31, 2024 |
Schedule of Investmentsa (unaudited) (continued)
COMMON EQUITIES (continued) | ||
Shares | Value | |
Bangladesh: 0.6% | ||
BRAC Bank PLC | 94,484 | $34,694 |
Total Bangladesh | 34,694 | |
Turkey: 0.3% | ||
Ford Otomotiv Sanayi AS | 501 | 17,886 |
Total Turkey | 17,886 | |
TOTAL COMMON EQUITIES | 5,922,340 | |
(Cost $5,970,361) | ||
PREFERRED EQUITIES: 1.9% | ||
Brazil: 1.9% | ||
Banco Pan SA, Pfd. | 59,700 | 113,543 |
Total Brazil | 113,543 | |
TOTAL PREFERRED EQUITIES | 113,543 | |
(Cost $101,193) | ||
Total Investments: 100.1% | 6,035,883 | |
(Cost $6,071,554) | ||
LIABILITIES IN EXCESS OF CASH AND OTHER ASSETS: (0.1%) | (8,200) | |
Net Assets: 100.0% | $6,027,683 |
a | Certain securities were fair valued under the valuation policies approved by the Board of Trustees. |
b | Non-income producing security. |
c | The securities may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
d | 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 March 31, 2024, the aggregate value is $559,201, which is 9.28% of net assets. |
ADR | American Depositary Receipt |
Pfd. | Preferred |
2 MATTHEWS ASIA FUNDS