Matthews Emerging Markets Sustainable Future Active ETF | March 31, 2024 |
Schedule of Investments (unaudited)
COMMON EQUITIES: 99.9% | ||
Shares | Value | |
China/Hong Kong: 39.9% | ||
Meituan Class Ba,b,c | 99,900 | $1,235,595 |
Full Truck Alliance Co., Ltd. ADRb | 145,001 | 1,054,157 |
JD Health International, Inc.a,b,c | 241,600 | 855,090 |
Legend Biotech Corp. ADRb | 10,816 | 606,669 |
Hong Kong Exchanges & Clearing, Ltd. | 20,800 | 605,414 |
Lam Research Corp. | 555 | 539,221 |
Airtac International Group | 15,000 | 520,256 |
Flat Glass Group Co., Ltd. H Shares | 208,000 | 505,486 |
Contemporary Amperex Technology Co., Ltd. A Shares | 13,500 | 351,018 |
Zhihu, Inc. ADRb | 462,107 | 316,035 |
Medlive Technology Co., Ltd.a,c | 302,000 | 291,333 |
Ginlong Technologies Co., Ltd. A Shares | 24,300 | 198,439 |
Silergy Corp. | 15,000 | 153,265 |
Innovent Biologics, Inc.a,b,c | 30,000 | 144,510 |
OPT Machine Vision Tech Co., Ltd. A Shares | 6,135 | 85,344 |
Centre Testing International Group Co., Ltd. A Shares | 48,000 | 83,681 |
China Conch Venture Holdings, Ltd. | 112,500 | 78,196 |
Wuxi Biologics Cayman, Inc.a,b,c | 30,000 | 54,814 |
Hangzhou Tigermed Consulting Co., Ltd. A Shares | 6,100 | 43,899 |
Total China/Hong Kong | 7,722,422 | |
India: 20.1% | ||
Shriram Finance, Ltd. | 45,431 | 1,285,648 |
Bandhan Bank, Ltd.a,c | 426,538 | 920,558 |
Indus Towers, Ltd.b | 207,988 | 726,066 |
Phoenix Mills, Ltd. | 15,214 | 507,629 |
Mahindra & Mahindra, Ltd. | 14,865 | 342,446 |
UNO Minda, Ltd. | 9,633 | 79,089 |
Marico, Ltd. | 4,652 | 27,732 |
Total India | 3,889,168 | |
Taiwan: 8.8% | ||
Andes Technology Corp. | 30,000 | 397,925 |
Elite Material Co., Ltd. | 30,000 | 377,771 |
Sporton International, Inc. | 30,000 | 241,380 |
M31 Technology Corp. | 6,000 | 240,911 |
Poya International Co., Ltd. | 15,000 | 233,178 |
AP Memory Technology Corp. | 13,000 | 157,608 |
Formosa Sumco Technology Corp. | 13,000 | 66,821 |
Total Taiwan | 1,715,594 | |
South Korea: 8.7% | ||
Samsung SDI Co., Ltd. | 1,994 | 707,250 |
Solus Advanced Materials Co., Ltd. | 29,114 | 379,104 |
Eugene Technology Co., Ltd. | 10,710 | 338,901 |
Ecopro BM Co., Ltd.b | 810 | 166,964 |
Advanced Nano Products Co., Ltd. | 1,004 | 98,666 |
Total South Korea | 1,690,885 | |
Brazil: 5.5% | ||
YDUQS Participacoes SA | 125,000 | 452,248 |
B3 SA - Brasil Bolsa Balcao | 167,700 | 401,699 |
NU Holdings, Ltd. Class Ab | 17,400 | 207,582 |
Total Brazil | 1,061,529 |
Shares | Value | |
United States: 4.6% | ||
Micron Technology, Inc. | 7,509 | $885,236 |
Total United States | 885,236 | |
Saudi Arabia: 3.8% | ||
Saudi Tadawul Group Holding Co. | 10,090 | 733,916 |
Total Saudi Arabia | 733,916 | |
Poland: 3.3% | ||
InPost SAb | 24,495 | 377,904 |
Jeronimo Martins SGPS SA | 13,068 | 259,405 |
Total Poland | 637,309 | |
Romania: 1.5% | ||
Banca Transilvania SA | 47,340 | 286,389 |
Total Romania | 286,389 | |
Jordan: 1.3% | ||
Hikma Pharmaceuticals PLC | 10,405 | 252,170 |
Total Jordan | 252,170 | |
Turkey: 1.1% | ||
Ford Otomotiv Sanayi AS | 5,883 | 210,029 |
Total Turkey | 210,029 | |
Chile: 0.7% | ||
Aguas Andinas SA Class A | 442,905 | 129,144 |
Total Chile | 129,144 | |
Estonia: 0.5% | ||
Enefit Green AS | 27,718 | 93,997 |
Total Estonia | 93,997 | |
Vietnam: 0.1% | ||
Nam Long Investment Corp. | 12,600 | 22,258 |
Total Vietnam | 22,258 | |
TOTAL COMMON EQUITIES | 19,330,046 | |
(Cost $18,461,715) | ||
PREFERRED EQUITIES: 0.5% | ||
South Korea: 0.5% | ||
Samsung SDI Co., Ltd., Pfd. | 465 | 93,777 |
Total South Korea | 93,777 | |
TOTAL PREFERRED EQUITIES | 93,777 | |
(Cost $83,827) |
matthewsasia.com | 800.789.ASIA 1
Matthews Emerging Markets Sustainable Future Active ETF | March 31, 2024 |
Schedule of Investments (unaudited) (continued)
SHORT-TERM INVESTMENTS: 0.1% | ||
Shares | Value | |
Money Market Funds: 0.1% | ||
JPMorgan U.S. Government Money Market Fund, Capital Shares, 5.20%d | 21,377 | $21,377 |
(Cost $21,377) | ||
Total Investments: 100.5% | 19,445,200 | |
(Cost $18,566,919) | ||
LIABILITIES IN EXCESS OF CASH AND OTHER ASSETS: (0.5%) | (94,624) | |
Net Assets: 100.0% | $19,350,576 |
a | 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 $3,501,900, which is 18.10% of net assets. |
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 | Rate shown is the current yield as of March 31, 2024. |
ADR | American Depositary Receipt |
Pfd. | Preferred |
2 MATTHEWS ASIA FUNDS