Matthews Asia Dividend Fund | March 31, 2024 |
Schedule of Investmentsa (unaudited)
COMMON EQUITIES: 95.9% | ||
Shares | Value | |
Japan: 31.3% | ||
Tokio Marine Holdings, Inc. | 707,700 | $22,183,753 |
ITOCHU Corp. | 502,300 | 21,578,607 |
ORIX Corp. | 954,600 | 20,878,773 |
Suzuki Motor Corp. | 1,620,900 | 18,506,250 |
Shin-Etsu Chemical Co., Ltd. | 354,800 | 15,562,220 |
Keyence Corp. | 30,000 | 13,927,828 |
Nippon Gas Co., Ltd. | 805,800 | 13,571,417 |
Ajinomoto Co., Inc. | 352,900 | 13,178,561 |
Bandai Namco Holdings, Inc. | 699,800 | 12,984,901 |
Hikari Tsushin, Inc. | 68,400 | 12,864,069 |
Capcom Co., Ltd. | 686,100 | 12,853,473 |
GLP J-Reit | 14,926 | 12,507,962 |
Disco Corp. | 33,500 | 12,245,372 |
Nomura Research Institute, Ltd. | 428,000 | 12,090,464 |
Kakaku.com, Inc. | 987,000 | 11,973,671 |
Toray Industries, Inc. | 2,302,900 | 11,058,200 |
Nissin Foods Holdings Co., Ltd. | 400,900 | 11,052,066 |
Total Japan | 249,017,587 | |
China/Hong Kong: 23.0% | ||
Tencent Holdings, Ltd. | 608,000 | 23,681,566 |
AIA Group, Ltd. | 2,478,600 | 16,672,486 |
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares | 3,989,743 | 15,288,238 |
Wuliangye Yibin Co., Ltd. A Shares | 705,000 | 14,878,535 |
Midea Group Co., Ltd. A Shares | 1,645,941 | 14,714,444 |
NARI Technology Co., Ltd. A Shares | 4,321,768 | 14,357,299 |
Yum China Holdings, Inc. | 332,447 | 13,228,066 |
Link REIT | 2,872,220 | 12,368,964 |
NetEase, Inc. | 594,700 | 12,323,161 |
JD.com, Inc. Class A | 881,033 | 12,085,028 |
Minth Group, Ltd. | 6,931,000 | 10,962,534 |
Yuexiu Transport Infrastructure, Ltd. | 21,056,000 | 10,348,902 |
Techtronic Industries Co., Ltd. | 658,000 | 8,940,815 |
Guangdong Investment, Ltd. | 7,570,000 | 3,242,911 |
Total China/Hong Kong | 183,092,949 | |
Australia: 9.9% | ||
Ampol, Ltd. | 599,868 | 15,560,727 |
CSL, Ltd. | 80,244 | 15,055,984 |
Lottery Corp., Ltd. | 3,763,408 | 12,620,982 |
AUB Group, Ltd. | 629,382 | 12,197,093 |
Breville Group, Ltd. | 671,807 | 12,036,014 |
Treasury Wine Estates, Ltd. | 1,416,560 | 11,490,581 |
Total Australia | 78,961,381 | |
Taiwan: 9.2% | ||
Taiwan Semiconductor Manufacturing Co., Ltd. | 1,453,469 | 34,819,614 |
Delta Electronics, Inc. | 1,561,000 | 16,707,188 |
Chailease Holding Co., Ltd. | 2,837,580 | 15,205,072 |
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 44,770 | 6,090,959 |
Total Taiwan | 72,822,833 |
Shares | Value | |
India: 7.9% | ||
HDFC Bank, Ltd. | 1,178,083 | $20,542,966 |
Tata Consultancy Services, Ltd. | 355,270 | 16,581,145 |
Power Grid Corp. of India, Ltd. | 4,047,383 | 13,434,948 |
Hindustan Unilever, Ltd. | 443,913 | 12,078,117 |
Total India | 62,637,176 | |
South Korea: 6.2% | ||
Samsung Electronics Co., Ltd. | 311,049 | 18,693,271 |
Macquarie Korea Infrastructure Fund | 1,843,464 | 17,551,052 |
SK Telecom Co., Ltd. | 334,853 | 13,258,630 |
Total South Korea | 49,502,953 | |
Singapore: 3.3% | ||
United Overseas Bank, Ltd. | 681,100 | 14,807,139 |
Capitaland India Trust | 14,601,100 | 11,353,865 |
Total Singapore | 26,161,004 | |
Indonesia: 1.9% | ||
PT Bank Rakyat Indonesia Persero Tbk | 40,487,884 | 15,481,553 |
Total Indonesia | 15,481,553 | |
Vietnam: 1.6% | ||
FPT Corp. | 2,768,221 | 13,075,043 |
Total Vietnam | 13,075,043 | |
Thailand: 1.6% | ||
Bangkok Dusit Medical Services Public Co., Ltd. F Shares | 16,246,100 | 12,593,352 |
Total Thailand | 12,593,352 | |
Bangladesh: 0.0% | ||
GrameenPhone, Ltd. | 131,231 | 281,952 |
Total Bangladesh | 281,952 | |
Total Investments: 95.9% | 763,627,783 | |
(Cost $756,287,163) | ||
CASH AND OTHER ASSETS, LESS LIABILITIES: 4.1% | 32,256,953 | |
Net Assets: 100.0% | $795,884,736 |
a | Certain securities were fair valued under the valuation policies approved by the Board of Trustees. |
ADR | American Depositary Receipt |
REIT | Real Estate Investment Trust |
Other information regarding the Fund is available in the Funds’ most recent report to shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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