Matthews Asia Innovators Active ETF | March 31, 2024 |
Schedule of Investments (unaudited)
COMMON EQUITIES: 97.1% | ||
Shares | Value | |
India: 23.9% | ||
Zomato, Ltd.a | 1,830,891 | $3,997,545 |
Reliance Industries, Ltd. | 73,562 | 2,621,075 |
Tata Motors, Ltd. | 181,859 | 2,164,799 |
ICICI Bank, Ltd. | 127,122 | 1,666,407 |
Bajaj Finance, Ltd. | 18,219 | 1,582,701 |
Axis Bank, Ltd. | 104,141 | 1,307,592 |
Delhivery, Ltd.a | 149,632 | 799,359 |
HDFC Asset Management Co., Ltd.b,c | 14,658 | 659,783 |
Lupin, Ltd. | 22,130 | 429,001 |
Cummins India, Ltd. | 10,092 | 363,767 |
Indian Hotels Co., Ltd. | 48,969 | 347,088 |
Total India | 15,939,117 | |
China/Hong Kong: 23.8% | ||
Meituan Class Ba,b,c | 197,300 | 2,440,269 |
Tencent Holdings, Ltd. | 56,700 | 2,200,929 |
Trip.com Group, Ltd. ADRa | 42,101 | 1,847,813 |
PDD Holdings, Inc. ADRa | 13,794 | 1,603,552 |
Alibaba Group Holding, Ltd. | 167,700 | 1,505,271 |
Lam Research Corp. | 1,246 | 1,210,576 |
NAURA Technology Group Co., Ltd. A Shares | 24,800 | 1,047,589 |
Innovent Biologics, Inc.a,b,c | 208,500 | 1,004,344 |
Contemporary Amperex Technology Co., Ltd. A Shares | 38,600 | 1,003,651 |
DiDi Global, Inc.a | 218,431 | 836,591 |
Shenzhen Inovance Technology Co., Ltd. A Shares | 77,400 | 642,086 |
KE Holdings, Inc. ADR | 37,059 | 508,820 |
Total China/Hong Kong | 15,851,491 | |
Taiwan: 18.5% | ||
Taiwan Semiconductor Manufacturing Co., Ltd. | 275,000 | 6,607,871 |
Alchip Technologies, Ltd. | 17,000 | 1,681,222 |
MediaTek, Inc. | 21,000 | 761,167 |
ASPEED Technology, Inc. | 7,000 | 728,358 |
Unimicron Technology Corp. | 118,000 | 700,548 |
Eclat Textile Co., Ltd. | 38,000 | 649,492 |
Wiwynn Corp. | 9,000 | 615,870 |
Accton Technology Corp. | 23,000 | 329,511 |
M31 Technology Corp. | 7,000 | 281,063 |
Total Taiwan | 12,355,102 | |
South Korea: 13.8% | ||
Samsung Electronics Co., Ltd. | 54,998 | 3,300,901 |
SK Hynix, Inc. | 18,523 | 2,451,847 |
Hyundai Motor Co. | 9,351 | 1,646,193 |
Samsung SDI Co., Ltd. | 2,443 | 866,505 |
Kakao Corp. | 16,187 | 654,093 |
NEXTIN, Inc. | 6,167 | 320,203 |
Total South Korea | 9,239,742 | |
United States: 8.7% | ||
NVIDIA Corp. | 3,547 | 3,204,927 |
Shares | Value | |
Broadcom, Inc. | 1,100 | $1,457,951 |
Meta Platforms, Inc. Class A | 2,319 | 1,126,060 |
Total United States | 5,788,938 | |
Singapore: 3.0% | ||
Sea, Ltd. ADRa | 36,916 | 1,982,758 |
Total Singapore | 1,982,758 | |
Indonesia: 2.4% | ||
PT Bank Rakyat Indonesia Persero Tbk | 4,204,100 | 1,604,214 |
Total Indonesia | 1,604,214 | |
Netherlands: 2.0% | ||
ASML Holding NV | 1,370 | 1,329,544 |
Total Netherlands | 1,329,544 | |
Brazil: 1.0% | ||
NU Holdings, Ltd. Class Aa | 54,699 | 652,559 |
Total Brazil | 652,559 | |
TOTAL COMMON EQUITIES | 64,743,465 | |
(Cost $52,162,807) | ||
SHORT-TERM INVESTMENTS: 1.5% | ||
Money Market Funds: 1.5% | ||
JPMorgan U.S. Government Money Market Fund, Capital Shares, 5.20%d | 1,017,847 | 1,017,847 |
(Cost $1,017,847) | ||
Total Investments: 98.6% | 65,761,312 | |
(Cost $53,180,654) | ||
CASH AND OTHER ASSETS, LESS LIABILITIES: 1.4% | 921,721 | |
Net Assets: 100.0% | $66,683,033 |
a | Non-income producing security. |
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 March 31, 2024, the aggregate value is $4,104,396, which is 6.16% of net assets. |
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 |
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