Matthews Japan Active ETF | March 31, 2024 |
Schedule of Investments (unaudited)
COMMON EQUITIES: 96.4% | ||
Shares | Value | |
Information Technology: 20.8% | ||
Semiconductors & Semiconductor Equipment: 8.6% | ||
Tokyo Electron, Ltd. | 400 | $103,763 |
Renesas Electronics Corp. | 3,900 | 69,164 |
Disco Corp. | 100 | 36,466 |
209,393 | ||
IT Services: 5.5% | ||
NEC Corp. | 1,000 | 72,781 |
OBIC Co., Ltd. | 400 | 60,299 |
133,080 | ||
Electronic Equipment, Instruments & Components: 3.8% | ||
Keyence Corp. | 200 | 92,623 |
Technology Hardware, Storage & Peripherals: 2.8% | ||
FUJIFILM Holdings Corp. | 3,000 | 67,158 |
Software: 0.1% | ||
Appier Group, Inc.a | 200 | 2,062 |
Total Information Technology | 504,316 | |
Consumer Discretionary: 19.6% | ||
Broadline Retail: 4.9% | ||
Pan Pacific International Holdings Corp. | 2,300 | 60,864 |
Isetan Mitsukoshi Holdings, Ltd. | 3,600 | 58,278 |
119,142 | ||
Automobiles: 4.4% | ||
Toyota Motor Corp. | 2,600 | 65,384 |
Suzuki Motor Corp. | 3,600 | 40,937 |
106,321 | ||
Specialty Retail: 3.8% | ||
Fast Retailing Co., Ltd. | 200 | 61,726 |
ZOZO, Inc. | 1,200 | 29,710 |
91,436 | ||
Textiles, Apparel & Luxury Goods: 2.5% | ||
Asics Corp. | 900 | 42,257 |
Goldwin, Inc. | 300 | 19,037 |
61,294 | ||
Automobile Components: 2.5% | ||
Denso Corp. | 2,500 | 47,656 |
Yokohama Rubber Co., Ltd. | 500 | 13,433 |
61,089 | ||
Hotels, Restaurants & Leisure: 1.5% | ||
Kyoritsu Maintenance Co., Ltd. | 1,600 | 36,579 |
Total Consumer Discretionary | 475,861 | |
Industrials: 18.3% | ||
Trading Companies & Distributors: 5.9% | ||
Mitsubishi Corp. | 3,200 | 73,644 |
ITOCHU Corp. | 1,600 | 68,336 |
141,980 |
Shares | Value | |
Industrial Conglomerates: 5.3% | ||
Hitachi, Ltd. | 1,000 | $90,885 |
Hikari Tsushin, Inc. | 200 | 37,438 |
128,323 | ||
Electrical Equipment: 2.9% | ||
GS Yuasa Corp. | 1,800 | 37,322 |
Mitsubishi Electric Corp. | 2,000 | 33,321 |
70,643 | ||
Professional Services: 1.8% | ||
Recruit Holdings Co., Ltd. | 1,000 | 43,800 |
Construction & Engineering: 1.6% | ||
Kajima Corp. | 1,900 | 38,855 |
Machinery: 0.8% | ||
THK Co., Ltd. | 800 | 18,712 |
Total Industrials | 442,313 | |
Financials: 12.6% | ||
Insurance: 3.9% | ||
Tokio Marine Holdings, Inc. | 3,000 | 93,660 |
Financial Services: 3.4% | ||
ORIX Corp. | 3,800 | 82,807 |
Banks: 3.2% | ||
Mitsubishi UFJ Financial Group, Inc. | 7,600 | 77,082 |
Consumer Finance: 2.1% | ||
Credit Saison Co., Ltd. | 2,500 | 51,323 |
Total Financials | 304,872 | |
Materials: 7.5% | ||
Chemicals: 5.8% | ||
Shin-Etsu Chemical Co., Ltd. | 2,400 | 104,757 |
Mitsui Chemicals, Inc. | 1,200 | 35,093 |
139,850 | ||
Construction Materials: 0.9% | ||
Taiheiyo Cement Corp. | 1,000 | 22,967 |
Metals & Mining: 0.8% | ||
Nippon Steel Corp. | 800 | 19,183 |
Total Materials | 182,000 | |
Consumer Staples: 5.3% | ||
Food Products: 2.4% | ||
Ajinomoto Co., Inc. | 1,600 | 59,541 |
Household Products: 1.6% | ||
Unicharm Corp. | 1,200 | 38,209 |
Consumer Staples Distribution & Retail: 1.3% | ||
Trial Holdings, Inc.a | 1,800 | 31,339 |
Total Consumer Staples | 129,089 |
matthewsasia.com | 800.789.ASIA 1
Matthews Japan Active ETF | March 31, 2024 |
Schedule of Investments (unaudited) (continued)
COMMON EQUITIES (continued) | ||
Shares | Value | |
Health Care: 5.1% | ||
Pharmaceuticals: 2.7% | ||
Daiichi Sankyo Co., Ltd. | 1,100 | $34,873 |
Sawai Group Holdings Co., Ltd. | 800 | 31,250 |
66,123 | ||
Health Care Equipment & Supplies: 2.4% | ||
Terumo Corp. | 3,200 | 58,346 |
Total Health Care | 124,469 | |
Real Estate: 4.2% | ||
Real Estate Management & Development: 4.2% | ||
Mitsui Fudosan Co., Ltd. | 6,000 | 64,363 |
Mitsubishi Estate Co., Ltd. | 2,100 | 38,089 |
Total Real Estate | 102,452 | |
Communication Services: 3.0% | ||
Entertainment: 1.5% | ||
Capcom Co., Ltd. | 2,000 | 37,345 |
Wireless Telecommunication Services: 1.5% | ||
SoftBank Group Corp. | 600 | 35,530 |
Total Communication Services | 72,875 | |
TOTAL COMMON EQUITIES | 2,338,247 | |
(Cost $2,084,708) |
SHORT-TERM INVESTMENTS: 2% | ||
Shares | Value | |
Money Market Funds: 2% | ||
JPMorgan U.S. Government Money Market Fund, Capital Shares, 5.20%b | 47,817 | $47,817 |
(Cost $47,817) | ||
Total Investments: 98.4% | 2,386,064 | |
(Cost $2,132,525) | ||
CASH AND OTHER ASSETS, LESS LIABILITIES: 1.6% | 39,678 | |
Net Assets: 100.0% | $2,425,742 |
a | Non-income producing security. |
b | Rate shown is the current yield as of March 31, 2024. |
2 MATTHEWS ASIA FUNDS