N-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number            811-08510                    

Matthews International Funds

(Exact name of registrant as specified in charter)

Four Embarcadero Center, Suite 550

San Francisco, CA 94111

(Address of principal executive offices) (Zip code)

William J. Hackett, President

Four Embarcadero Center, Suite 550

San Francisco, CA 94111

(Name and address of agent for service)

Registrant’s telephone number, including area code:        415-788-7553            

Date of fiscal year end:  December 31        

Date of reporting period:  September 30, 2015

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments.

The Schedule(s) of Investments is attached herewith.

Matthews Asia Strategic Income Fund	September 30, 2015
Schedule of Investmentsa (unaudited)

		Face Amount*		Value
NON-CONVERTIBLE CORPORATE BONDS: 69.2%
INDIA: 24.4%
Bank of Baroda 6.625%b, 05/25/22			2,000,000	$	2,045,242
ICICI Bank, Ltd. 6.375%b, 04/30/22			2,000,000		2,025,952
TML Holdings Pte, Ltd. 5.750%, 05/07/21			2,000,000		1,999,948
Housing Development Finance Corp., Ltd. 9.240%, 06/24/24	INR		100,000,000		1,609,095
Housing Development Finance Corp., Ltd. 8.950%, 03/21/23	INR		100,000,000		1,573,355
Power Grid Corp. of India, Ltd. 9.250%, 12/26/15	INR		100,000,000		1,529,031
Delhi International Airport, Ltd. 6.125%, 02/03/22			1,400,000		1,406,248
Axis Bank, Ltd. 7.250%b, 08/12/21			1,000,000		1,021,140
Power Grid Corp. of India, Ltd., Series B 9.300%, 09/04/24	INR		52,000,000		844,869
Rural Electrification Corp., Ltd. 9.340%, 08/25/24	INR		52,000,000		836,834
Rural Electrification Corp., Ltd. 9.020%, 06/18/19	INR		50,000,000		783,276
Total India					15,674,990
CHINA/HONG KONG: 18.4%
Longfor Properties Co., Ltd. 6.875%, 10/18/19			2,700,000		2,808,000
Shimao Property Holdings, Ltd. 6.625%, 01/14/20			2,000,000		2,015,152
Yum! Brands, Inc. 5.350%, 11/01/43			2,000,000		1,921,534
Value Success International, Ltd. 4.750%, 11/04/18	CNY		12,000,000		1,838,683
MCE Finance, Ltd. 5.000%, 02/15/21			2,000,000		1,715,200
Wynn Macau, Ltd. 5.250%, 10/15/21			1,480,000		1,284,825
Alibaba Group Holding, Ltd. 3.600%, 11/28/24 c			300,000		280,248
Total China/Hong Kong					11,863,642
INDONESIA: 11.7%
PT Perusahaan Listrik Negara 5.250%, 10/24/42			2,500,000		1,975,000
Theta Capital Pte, Ltd. 7.000%, 05/16/19			1,500,000		1,414,940
Jababeka International BV 7.500%, 09/24/19			1,400,000		1,228,669
Alam Synergy Pte, Ltd. 6.950%, 03/27/20 c			1,500,000		1,192,500
TBG Global Pte, Ltd. 4.625%, 04/03/18 c			1,000,000		972,500
Alam Synergy Pte, Ltd. 6.950%, 03/27/20			500,000		397,500
PT Astra Sedaya Finance 8.600%, 02/21/17	IDR		5,000,000,000		338,225
Total Indonesia					7,519,334

		Face Amount*		Value
SRI LANKA: 8.1%
DFCC Bank PLC 9.625%, 10/31/18			2,650,000	$	2,775,478
National Savings Bank 5.150%, 09/10/19			2,000,000		1,910,000
National Savings Bank 8.875%, 09/18/18			500,000		530,000
Total Sri Lanka					5,215,478
SINGAPORE: 3.0%
Global Logistic Properties, Ltd. 3.375%, 05/11/16	CNY		12,500,000		1,932,582
Total Singapore					1,932,582
AUSTRALIA: 1.9%
Macquarie Bank, Ltd. 6.625%, 04/07/21			1,100,000		1,233,068
Total Australia					1,233,068
PHILIPPINES: 1.7%
Alliance Global Group Cayman Islands, Inc. 6.500%, 08/18/17			1,050,000		1,101,240
Total Philippines					1,101,240
TOTAL NON-CONVERTIBLE CORPORATE BONDS (Cost $47,439,990)					44,540,334
CONVERTIBLE CORPORATE BONDS: 18.4%
CHINA/HONG KONG: 18.4%
Homeinns Hotel Group, Cnv. 2.000%, 12/15/15			2,800,000		2,758,000
E-House China Holdings, Ltd., Cnv. 2.750%, 12/15/18 c			2,010,000		1,870,556
Ctrip.com International, Ltd., Cnv. 1.000%, 07/01/20 c			1,850,000		1,671,938
Biostime International Holdings, Ltd., Cnv. 0.000%, 02/20/19	HKD		14,000,000		1,634,828
China Singyes Solar Technologies Holdings, Ltd., Cnv. 5.000%, 08/08/19	CNY		12,000,000		1,579,382
Qihoo 360 Technology Co., Ltd., Cnv. 1.750%, 08/15/21			1,500,000		1,261,875
Johnson Electric Holdings, Ltd., Cnv. 1.000%, 04/02/21			1,000,000		1,060,000
Total China/Hong Kong					11,836,579
TOTAL CONVERTIBLE CORPORATE BONDS (Cost $12,540,601)					11,836,579
FOREIGN GOVERNMENT OBLIGATIONS: 8.7%
SRI LANKA: 2.1%
Sri Lanka Government Bond 6.125%, 06/03/25			1,400,000		1,336,805
Total Sri Lanka					1,336,805
INDONESIA: 2.0%
Indonesia Treasury Bond 7.875%, 04/15/19	IDR		20,000,000,000		1,296,423
Total Indonesia					1,296,423

Matthews Asia Strategic Income Fund	September 30, 2015
Schedule of Investmentsa (unaudited) (continued)

		Face Amount*		Value
FOREIGN GOVERNMENT OBLIGATIONS: (continued)
SOUTH KOREA: 1.9%
Korea Treasury Bond 3.500%, 09/10/16	KRW		1,000,000,000	$	859,355
Korea Treasury Bond 3.500%, 03/10/24	KRW		400,000,000		376,137
Total South Korea					1,235,492
VIETNAM: 1.5%
Socialist Republic of Vietnam 4.800%, 11/19/24			1,055,000		997,180
Total Vietnam					997,180
SUPRANATIONAL: 1.2%
International Finance Corp. 7.750%, 12/03/16	INR		50,000,000		766,580
Total Supranational					766,580
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $6,255,012)					5,632,480
COMMON EQUITIES: 1.2%
		Shares
SINGAPORE: 0.8%
Vicom, Ltd.			118,000		497,730
Total Singapore					497,730
PHILIPPINES: 0.4%
Alliance Global Group, Inc.			780,000		256,264
Total Philippines					256,264
TOTAL COMMON EQUITIES (Cost $1,039,054)					753,994
TOTAL INVESTMENTS: 97.5% (Cost $67,274,657d)					62,763,387
CASH AND OTHER ASSETS, LESS LIABILITIES: 2.5%					1,588,417
NET ASSETS: 100.0%				$	64,351,804

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Variable rate security. The rate represents the rate in effect at June 30, 2015.

c 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 Fund’s Board of Directors.

d Cost for federal income tax purposes is $67,274,657 and net unrealized depreciation consists of:

Gross unrealized appreciation	$	266,385
Gross unrealized depreciation		(4,777,655	)
Net unrealized depreciation	($	4,511,270	)

* All values are in USD unless otherwise noted.

Cnv. Convertible

CNY Chinese Renminbi (Yuan)

IDR Indonesian Rupiah

INR Indian Rupee

HKD Hong Kong Dollar

KRW Korean Won

USD U.S. Dollar

See accompanying notes to schedules of investments.

Matthews Asian Growth and Income Fund	September 30, 2015
Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: 86.9%
CHINA/HONG KONG: 29.7%
Yum! Brands, Inc.		1,317,300	$	105,318,135
Jardine Matheson Holdings, Ltd.		2,011,000		95,222,855
AIA Group, Ltd.		17,078,600		88,821,536
Techtronic Industries Co., Ltd.		21,378,000		79,698,358
Guangdong Investment, Ltd.		50,412,000		75,251,146
China Mobile, Ltd. ADR		1,233,400		73,387,300
VTech Holdings, Ltd.		5,885,200		69,871,420
CLP Holdings, Ltd.		8,136,700		69,560,372
HSBC Holdings PLC ADR		1,750,133		66,295,038
Hang Lung Properties, Ltd.		27,223,920		61,236,363
CK Hutchison Holdings, Ltd.		4,400,172		57,235,840
Café de Coral Holdings, Ltd.		16,074,000		53,795,515
Vitasoy International Holdings, Ltd.		33,079,000		49,178,155
Cheung Kong Property Holdings, Ltd.		4,400,172		32,237,085
Total China/Hong Kong				977,109,118
SINGAPORE: 13.6%
Ascendas REIT		48,437,600		79,798,465
Singapore Technologies Engineering, Ltd.		35,134,225		73,711,187
United Overseas Bank, Ltd.		5,126,000		66,930,755
Singapore Telecommunications, Ltd.		21,686,400		54,890,785
SIA Engineering Co., Ltd.		19,032,500		49,290,143
Keppel Corp., Ltd.		9,879,000		47,245,945
Singapore Post, Ltd.		38,209,000		45,571,425
ARA Asset Management, Ltd.		31,219,210		28,958,475
Total Singapore				446,397,180
SOUTH KOREA: 8.3%
Kangwon Land, Inc.		2,051,776		73,333,328
KT&G Corp.		743,294		70,078,884
Samsung Electronics Co., Ltd.		54,642		52,426,477
KEPCO Plant Service & Engineering Co., Ltd.		386,300		39,434,995
GS Home Shopping, Inc.		227,544		36,501,503
Total South Korea				271,775,187
MALAYSIA: 6.4%
Genting Malaysia BHD		75,188,700		71,047,852
British American Tobacco Malaysia BHD		4,164,600		57,184,666
Axiata Group BHD		37,993,923		50,186,145
Telekom Malaysia BHD		20,245,551		30,789,836
Total Malaysia				209,208,499
JAPAN: 6.3%
Japan Tobacco, Inc.		2,299,400		71,327,834
Lawson, Inc.		911,100		67,223,353
KDDI Corp.		3,000,100		67,151,554
Total Japan				205,702,741
TAIWAN: 4.7%
Taiwan Semiconductor Manufacturing Co., Ltd.		13,915,187		55,767,578
Chunghwa Telecom Co., Ltd. ADR		1,747,125		52,798,118
Taiwan Semiconductor Manufacturing Co., Ltd. ADR		2,296,124		47,644,573
Total Taiwan				156,210,269

	Shares		Value
THAILAND: 4.3%
Advanced Info Service Public Co., Ltd.		9,595,700	$	59,848,092
Glow Energy Public Co., Ltd.		21,887,400		51,418,013
BEC World Public Co., Ltd.		35,030,100		30,911,501
Total Thailand				142,177,606
AUSTRALIA: 3.5%
CSL, Ltd.		1,044,381		65,726,454
Insurance Australia Group, Ltd.		14,241,305		48,692,937
Total Australia				114,419,391
NEW ZEALAND: 2.9%
SKYCITY Entertainment Group, Ltd.		21,703,820		51,987,073
SKY Network Television, Ltd.		15,123,711		45,070,753
Total New Zealand				97,057,826
INDONESIA: 2.5%
PT Telekomunikasi Indonesia Persero ADR		1,553,600		55,385,840
PT Perusahaan Gas Negara Persero		159,343,000		27,572,765
Total Indonesia				82,958,605
VIETNAM: 2.1%
Vietnam Dairy Products JSC		15,640,711		69,631,617
Total Vietnam				69,631,617
PHILIPPINES: 1.6%
Globe Telecom, Inc.		1,074,105		54,059,514
Total Philippines				54,059,514
UNITED KINGDOM: 1.0%
BHP Billiton PLC		2,244,661		34,167,278
Total United Kingdom				34,167,278
TOTAL COMMON EQUITIES (Cost $2,766,942,443)				2,860,874,831
PREFERRED EQUITIES: 3.2%
SOUTH KOREA: 3.2%
LG Household & Health Care, Ltd., Pfd.		121,855		41,112,371
Hyundai Motor Co., Ltd., Pfd.		355,983		33,289,211
Hyundai Motor Co., Ltd., 2nd Pfd.		318,246		30,679,958
Total South Korea				105,081,540
TOTAL PREFERRED EQUITIES (Cost $38,549,481)				105,081,540

CONVERTIBLE CORPORATE BONDS: 7.6%
		Face Amount*
CHINA/HONG KONG: 5.3%
Shine Power International, Ltd., Cnv. 0.000%, 07/28/19	HKD		446,000,000	54,526,745
Johnson Electric Holdings, Ltd., Cnv. 1.000%, 04/02/21			49,750,000	52,735,000
Hengan International Group Co., Ltd., Cnv. 0.000%, 06/27/18	HKD		339,000,000	45,436,642
PB Issuer No. 2, Ltd., Cnv. 1.750%, 04/12/16			21,820,000	21,438,150
Total China/Hong Kong				174,136,537

Matthews Asian Growth and Income Fund	September 30, 2015
Schedule of Investmentsa (unaudited) (continued)

		Face Amount*		Value
CONVERTIBLE CORPORATE BONDS: (continued)
SINGAPORE: 2.3%
CapitaLand, Ltd., Cnv. 1.950%, 10/17/23	SGD		110,250,000	$	75,615,052
Total Singapore					75,615,052
TOTAL CONVERTIBLE CORPORATE BONDS (Cost $265,941,743)					249,751,589
TOTAL INVESTMENTS: 97.7% (Cost $3,071,433,667b)					3,215,707,960
CASH AND OTHER ASSETS, LESS LIABILITIES: 2.3%					75,517,095
NET ASSETS: 100.0%				$	3,291,225,055

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Cost for federal income tax purposes is $3,071,736,452 and net unrealized appreciation consists of:

Gross unrealized appreciation		$506,484,269
Gross unrealized depreciation		(362,512,761	)
Net unrealized appreciation	$	143,971,508

* All Values are in USD unless otherwise noted.

ADR American Depositary Receipt

BHD Berhad

Cnv. Convertible

HKD Hong Kong Dollar

JSC Joint Stock Co.

Pfd. Preferred

REIT Real Estate Investment Trust

SGD Singapore Dollar

USD U.S. Dollar

See accompanying notes to schedules of investments.

Matthews Asia Dividend Fund	September 30, 2015
Consolidated Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: 95.8%
CHINA/HONG KONG: 34.7%
Shenzhou International Group Holdings, Ltd.		32,775,000	$	169,815,581
Minth Group, Ltd.†		59,535,000		106,587,035
China Construction Bank Corp. H Shares		150,798,000		100,632,421
Guangdong Investment, Ltd.		66,566,000		99,364,591
China Mobile, Ltd. ADR		1,598,925		95,136,038
Qualcomm, Inc.		1,569,800		84,345,354
AIA Group, Ltd.		16,087,600		83,667,593
Kweichow Moutai Co., Ltd. A Shares		2,462,935		73,907,874
China Power International Development, Ltd.		106,195,000		69,271,223
Yuexiu Transport Infrastructure, Ltd.†		109,322,000		68,862,795
Café de Coral Holdings, Ltd.		18,014,000		60,288,192
Far East Horizon, Ltd.		75,288,000		58,466,098
Daqin Railway Co., Ltd. A Shares		40,506,372		56,396,143
Shanghai International Airport Co., Ltd. A Sharesb		12,098,309		52,895,169
Greatview Aseptic Packaging Co., Ltd.†		110,859,000		51,762,923
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. B Shares		18,910,723		51,439,909
Jiangsu Expressway Co., Ltd. H Shares		37,732,000		48,332,696
HKBN, Ltd.c		41,566,123		48,110,820
China Machinery Engineering Corp. H Shares†		52,323,000		45,223,848
Haitian International Holdings, Ltd.		27,177,000		44,980,752
Hopewell Holdings, Ltd.		12,233,500		41,669,406
Fuyao Glass Industry Group Co., Ltd. H Sharesc		21,248,000		40,620,672
Henan Shuanghui Investment & Development Co., Ltd. A Sharesb		12,972,979		36,007,866
China Mobile, Ltd.		1,248,500		14,944,247
Television Broadcasts, Ltd.		2,232,200		7,449,036
Total China/Hong Kong				1,610,178,282
JAPAN: 29.7%
Bridgestone Corp.		4,096,100		141,750,306
Suntory Beverage & Food, Ltd.		3,610,600		138,715,910
Japan Tobacco, Inc.		4,403,200		136,588,119
Hoya Corp.		3,759,800		123,140,585
Sumitomo Mitsui Financial Group, Inc.		3,107,200		117,825,995
Kao Corp.		2,454,600		111,269,088
ITOCHU Corp.		9,585,000		101,325,276
Toyo Suisan Kaisha, Ltd.		2,656,200		100,701,984
NTT DoCoMo, Inc.		5,677,200		95,757,615
Pigeon Corp.		3,806,100		88,932,634
Skylark Co., Ltd.		5,978,700		77,871,876
Lawson, Inc.		755,300		55,728,019
Anritsu Corp.†		7,564,500		46,013,778
Dexerials Corp.		3,111,500		39,994,440
Total Japan				1,375,615,625
SOUTH KOREA: 5.4%
KT&G Corp.		1,275,189		120,226,750
BGF Retail Co., Ltd.		494,372		84,440,241
GS Retail Co., Ltd.		868,658		44,856,236
Total South Korea				249,523,227

	Shares		Value
TAIWAN: 5.1%
Chunghwa Telecom Co., Ltd. ADR		3,364,401	$	101,672,198
Taiwan Semiconductor Manufacturing Co., Ltd. ADR		3,134,940		65,050,005
St. Shine Optical Co., Ltd.		2,383,000		29,237,789
Sercomm Corp.		11,111,000		27,313,993
Taiwan Semiconductor Manufacturing Co., Ltd.		3,125,469		12,525,871
Total Taiwan				235,799,856
SINGAPORE: 4.0%
Singapore Technologies Engineering, Ltd.		28,460,000		59,708,742
CapitaLand Retail China Trust, REIT†		43,232,400		41,548,158
Ascendas India Trust†		53,470,700		32,126,382
ARA Asset Management, Ltd.		29,448,660		27,316,139
Super Group, Ltd.		43,809,700		23,758,523
Total Singapore				184,457,944
AUSTRALIA: 3.7%
Spotless Group Holdings, Ltd.		48,823,125		73,981,771
Primary Health Care, Ltd.		16,868,177		45,128,183
Breville Group, Ltd.†		10,644,019		44,346,625
Ansell, Ltd.		834,895		11,055,406
Total Australia				174,511,985
INDONESIA: 3.4%
PT United Tractors		47,821,900		57,248,127
PT Telekomunikasi Indonesia Persero ADR		1,090,634		38,881,102
PT Telekomunikasi Indonesia Persero		213,210,000		38,505,973
PT Bank Rakyat Indonesia Persero		37,724,646		22,336,611
Total Indonesia				156,971,813
THAILAND: 2.7%
Thai Beverage Public Co., Ltd.		161,322,100		77,781,614
Total Access Communication Public Co., Ltd.		23,524,300		37,479,961
Total Access Communication Public Co., Ltd. NVDR		7,149,500		11,390,901
Total Thailand				126,652,476
INDIA: 2.5%
ITC, Ltd.		13,801,000		69,201,859
Bharti Infratel, Ltd.		8,846,586		47,935,094
Total India				117,136,953
LUXEMBOURG: 1.7%
L’Occitane International SA		36,976,500		77,385,840
Total Luxembourg				77,385,840
PHILIPPINES: 1.6%
Globe Telecom, Inc.		1,447,730		72,863,993
Total Philippines				72,863,993
VIETNAM: 1.3%
Vietnam Dairy Products JSC		13,534,658		60,255,581
Total Vietnam				60,255,581
TOTAL COMMON EQUITIES (Cost $4,213,284,588)				4,441,353,575

Matthews Asia Dividend Fund	September 30, 2015
Consolidated Schedule of Investmentsa (unaudited)  (continued)

	Shares		Value
PREFERRED EQUITIES: 3.0%
SOUTH KOREA: 3.0%
LG Chem, Ltd., Pfd.		851,204	$	137,055,525
Total South Korea				137,055,525
TOTAL PREFERRED EQUITIES (Cost $74,725,574)				137,055,525
TOTAL INVESTMENTS: 98.8% (Cost $4,288,010,162d)				4,578,409,100
CASH AND OTHER ASSETS, LESS LIABILITIES: 1.2%				55,983,855
NET ASSETS: 100.0%			$	4,634,392,955

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Security held by Matthews ADF-U Series.

c Non-income producing security.

d Cost for federal income tax purposes is $4,298,543,164 and net unrealized appreciation consists of:

Gross unrealized appreciation	$	788,844,134
Gross unrealized depreciation		(508,978,198	)
Net unrealized appreciation	$	279,865,936

† Affiliated Issuer, as defined under the Investment Company Act of 1940 (ownership of 5% or more of the outstanding voting securities of this issuer)

ADR American Depositary Receipt

JSC Joint Stock Co.

NVDR  Non-voting Depositary Receipt

Pfd. Preferred

REIT Real Estate Investment Trust

See accompanying notes to schedules of investments.

Matthews China Dividend Fund	September 30, 2015
Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: 94.8%
INDUSTRIALS: 21.2%
Transportation Infrastructure: 5.9%
Yuexiu Transport Infrastructure, Ltd.		6,606,000	$	4,161,172
Qingdao Port International Co., Ltd. H Shares		6,602,000		2,972,025
Shanghai International Airport Co., Ltd. A Shares		403,264		1,761,444
				8,894,641
Electrical Equipment: 3.1%
Voltronic Power Technology Corp.		361,049		4,698,383
Marine: 2.7%
SITC International Holdings Co., Ltd.		8,502,000		4,118,080
Construction & Engineering: 2.5%
China Machinery Engineering Corp. H Shares		4,390,000		3,794,367
Machinery: 2.4%
Shanghai Mechanical and Electrical Industry Co., Ltd. B Shares		1,583,560		3,615,165
Industrial Conglomerates: 2.3%
Hopewell Holdings, Ltd.		996,500		3,394,250
Road & Rail: 2.2%
Daqin Railway Co., Ltd. A Shares		2,353,614		3,276,886
Professional Services: 0.1%
Sporton International, Inc.		9,686		56,319
Total Industrials				31,848,091
FINANCIALS: 16.3%
Banks: 8.7%
China Merchants Bank Co., Ltd. H Shares		2,077,500		5,063,502
China Construction Bank Corp. H Shares		6,616,000		4,415,072
Huishang Bank Corp., Ltd. H Shares		8,311,000		3,644,497
				13,123,071
Insurance: 2.6%
AIA Group, Ltd.		758,200		3,943,209
Real Estate Management & Development: 2.6%
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. B Shares		1,441,679		3,921,576
Real Estate Investment Trusts (REITS): 1.2%
CapitaLand Retail China Trust, REIT		1,941,000		1,865,383
Capital Markets: 1.2%
China Everbright, Ltd.		752,000		1,727,115
Total Financials				24,580,354
CONSUMER DISCRETIONARY: 15.5%
Auto Components: 5.6%
Minth Group, Ltd.		2,266,000		4,056,878
Fuyao Glass Industry Group Co., Ltd. H Sharesb		1,234,400		2,359,853
Weifu High-Technology Group Co., Ltd. B Shares		824,759		2,075,628
				8,492,359
Hotels, Restaurants & Leisure: 3.6%
Café de Coral Holdings, Ltd.		1,216,000		4,069,637
Xiao Nan Guo Restaurants Holdings, Ltd.b		14,818,000		1,440,004
				5,509,641
Textiles, Apparel & Luxury Goods: 3.2%
Shenzhou International Group Holdings, Ltd.		927,000		4,803,022

	Shares		Value
Diversified Consumer Services: 2.9%
New Oriental Education & Technology Group, Inc. ADR		216,000	$	4,365,360
Media: 0.2%
Television Broadcasts, Ltd.		72,300		241,271
Total Consumer Discretionary				23,411,653
CONSUMER STAPLES: 11.0%
Beverages: 3.4%
Kweichow Moutai Co., Ltd. A Shares		171,603		5,149,471
Food Products: 2.6%
Vitasoy International Holdings, Ltd.		2,614,000		3,886,203
Food & Staples Retailing: 2.5%
Shanghai Bailian Group Co., Ltd. B Shares		2,238,277		3,830,330
Personal Products: 2.5%
Shanghai Jahwa United Co., Ltd. A Sharesc		697,793		3,730,792
Total Consumer Staples				16,596,796
INFORMATION TECHNOLOGY: 9.0%
Communications Equipment: 6.5%
Sercomm Corp.		2,285,000		5,617,179
Qualcomm, Inc.		78,100		4,196,313
				9,813,492
Electronic Equipment, Instruments & Components: 2.5%
Sunny Optical Technology Group Co., Ltd.		1,900,000		3,806,299
Total Information Technology				13,619,791
TELECOMMUNICATION SERVICES: 8.7%
Diversified Telecommunication Services: 5.6%
HKBN, Ltd.b		3,987,957		4,615,871
CITIC Telecom International Holdings, Ltd.		11,085,000		3,805,060
				8,420,931
Wireless Telecommunication Services: 3.1%
China Mobile, Ltd. ADR		79,030		4,702,285
Total Telecommunication Services				13,123,216
UTILITIES: 5.5%
Independent Power and Renewable Electricity Producers: 3.2%
China Power International Development, Ltd.		7,282,000		4,750,064
Water Utilities: 2.3%
Guangdong Investment, Ltd.		2,328,000		3,475,059
Total Utilities				8,225,123
ENERGY: 2.8%
Energy Equipment & Services: 1.5%
Hilong Holding, Ltd.		10,826,000		2,212,673
Oil, Gas & Consumable Fuels: 1.3%
PetroChina Co., Ltd. H Shares		2,780,000		1,936,001
Total Energy				4,148,674
MATERIALS: 2.7%
Containers & Packaging: 2.7%
Greatview Aseptic Packaging Co., Ltd.		8,688,000		4,056,651
Total Materials				4,056,651

Matthews China Dividend Fund	September 30, 2015
Schedule of Investmentsa (unaudited) (continued)

	Shares		Value
COMMON EQUITIES: (continued)
HEALTH CARE: 2.1%
Pharmaceuticals: 2.1%
Tianjin ZhongXin Pharmaceutical Group Corp., Ltd. S Shares		2,966,200	$	3,154,657
Total Health Care				3,154,657
TOTAL INVESTMENTS: 94.8% (Cost $153,049,559d)				142,765,006
CASH AND OTHER ASSETS, LESS LIABILITIES: 5.2%				7,783,423
NET ASSETS: 100.0%			$	150,548,429

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Non-income producing security.

c Illiquid security, trading was halted at 9/30/15.

d Cost for federal income tax purposes is $153,103,578 and net unrealized depreciation consists of:

Gross unrealized appreciation	$	13,391,722
Gross unrealized depreciation		(23,730,294	)
Net unrealized depreciation	($	10,338,572	)

ADR   American Depositary Receipt

REIT   Real Estate Investment Trust

See accompanying notes to schedules of investments.

Matthews Asia Focus Fund	September 30, 2015
Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: 92.3%
CHINA/HONG KONG: 38.9%
AIA Group, Ltd.		134,600	$	700,021
Techtronic Industries Co., Ltd.		131,500		490,239
Jardine Matheson Holdings, Ltd.		10,000		473,510
Yum! Brands, Inc.		5,750		459,713
Samsonite International SA		139,800		456,849
VTech Holdings, Ltd.		31,800		377,542
Baidu, Inc. ADRb		2,637		362,350
HSBC Holdings PLC		47,200		354,423
CK Hutchison Holdings, Ltd.		27,228		354,172
Hang Lung Group, Ltd.		76,000		258,741
Cheung Kong Property Holdings, Ltd.		28,728		210,471
Total China/Hong Kong				4,498,031
SINGAPORE: 9.3%
Singapore Telecommunications, Ltd.		191,600		484,962
Singapore Technologies Engineering, Ltd.		144,500		303,159
United Overseas Bank, Ltd.		22,500		293,785
Total Singapore				1,081,906
MALAYSIA: 7.9%
Genting Malaysia BHD		359,600		339,796
Guinness Anchor BHD		100,200		313,904
Axiata Group BHD		199,100		262,991
Total Malaysia				916,691
UNITED STATES: 6.1%
Mead Johnson Nutrition Co.		5,568		391,987
ResMed, Inc.		6,100		310,856
Total United States				702,843
AUSTRALIA: 5.3%
Ansell, Ltd.		23,691		313,709
Insurance Australia Group, Ltd.		88,011		300,921
Total Australia				614,630
THAILAND: 5.1%
Intouch Holdings Public Co., Ltd. NVDR		159,400		319,797
Kasikornbank Public Co., Ltd.		56,500		266,826
Total Thailand				586,623
INDONESIA: 4.7%
PT Indofood Sukses Makmur		726,300		273,339
PT Bank Rakyat Indonesia Persero		458,900		271,713
Total Indonesia				545,052
TAIWAN: 3.7%
Taiwan Semiconductor Manufacturing Co., Ltd.		106,000		424,814
Total Taiwan				424,814
SWITZERLAND: 3.3%
Cie Financiere Richemont SA		4,953		385,398
Total Switzerland				385,398
SOUTH KOREA: 3.0%
Samsung Electronics Co., Ltd.		365		350,201
Total South Korea				350,201

	Shares		Value
JAPAN: 2.6%
Japan Tobacco, Inc.		9,500	$	294,692
Total Japan				294,692
INDIA: 2.4%
Tata Motors, Ltd.b		61,471		279,628
Total India				279,628
TOTAL INVESTMENTS: 92.3% (Cost $12,731,261c)				10,680,509
CASH AND OTHER ASSETS, LESS LIABILITIES: 7.7%				896,687
NET ASSETS: 100.0%			$	11,577,196

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Non-income producing security.

c Cost for federal income tax purposes is $12,805,544 and net unrealized depreciation consists of:

Gross unrealized appreciation	$	267,494
Gross unrealized depreciation		(2,392,529	)
Net unrealized depreciation	($	2,125,035	)

ADR   American Depositary Receipt

BHD   Berhad

NVDR   Non-voting Depositary Receipt

See accompanying notes to schedules of investments.

Matthews Asia Growth Fund	September 30, 2015
Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: 99.2%
JAPAN: 44.4%
ORIX Corp.		2,411,000	$	31,100,316
Sysmex Corp.		568,600		30,028,767
Omron Corp.		873,100		26,282,230
Seven & I Holdings Co., Ltd.		471,800		21,529,724
Kakaku.com, Inc.		1,183,400		19,218,919
M3, Inc.		966,900		19,215,024
Toyota Motor Corp.		321,400		18,817,300
Unicharm Corp.		919,600		16,287,852
SoftBank Corp.		348,000		16,091,455
Daikin Industries, Ltd.		274,000		15,367,555
Nidec Corp.		218,800		15,045,997
Nitto Denko Corp.		233,500		13,984,954
Komatsu, Ltd.		925,100		13,579,017
COOKPAD, Inc.		570,600		12,045,794
Pigeon Corp.		503,400		11,762,352
Glory, Ltd.		480,100		11,347,175
Rinnai Corp.		132,100		10,078,694
Dexerials Corp.		757,100		9,731,573
Calbee, Inc.		263,500		8,526,861
FANUC Corp.		53,000		8,153,451
Recruit Holdings Co., Ltd.		258,800		7,759,939
Daiken Medical Co., Ltd.		911,500		7,523,169
Benefit One, Inc.		433,800		7,352,670
Yokogawa Electric Corp.		401,100		4,198,336
Total Japan				355,029,124
CHINA/HONG KONG: 14.1%
Baidu, Inc. ADRb		183,700		25,242,217
Shenzhou International Group Holdings, Ltd.		4,792,000		24,828,566
Alibaba Group Holding, Ltd. ADRb		218,900		12,908,533
Luk Fook Holdings International, Ltd.		3,859,000		9,672,822
China Lodging Group, Ltd. ADSb		366,800		8,924,244
Sands China, Ltd.		2,632,000		7,994,596
Autohome, Inc. ADRb		202,400		6,584,072
Galaxy Entertainment Group, Ltd.		1,958,000		5,014,997
Haitian International Holdings, Ltd.		2,848,000		4,713,735
Shanghai Haohai Biological Technology Co., Ltd. H Sharesb		734,500		4,283,742
Hang Lung Group, Ltd.		742,000		2,526,133
Total China/Hong Kong				112,693,657
INDIA: 12.9%
Emami, Ltd.		1,551,001		27,306,499
Lupin, Ltd.		585,342		18,172,701
HDFC Bank, Ltd.		1,102,893		18,016,947
Sun Pharmaceutical Industries, Ltd.		1,306,465		17,287,807
ITC, Ltd.		2,970,516		14,894,952
Multi Commodity Exchange of India, Ltd.		516,163		7,383,107
Total India				103,062,013
INDONESIA: 7.2%
PT Bank Rakyat Indonesia Persero		31,353,900		18,564,518
PT Astra International		43,107,700		15,440,665
PT Indofood CBP Sukses Makmur		14,320,100		12,143,619
PT Ace Hardware Indonesia		194,172,500		6,703,619

	Shares		Value
PT Arwana Citramulia		145,017,700	$	4,423,420
Total Indonesia				57,275,841
PHILIPPINES: 4.8%
Vista Land & Lifescapes, Inc.		117,224,100		12,634,711
Universal Robina Corp.		2,873,600		11,814,797
Jollibee Foods Corp.		2,007,890		8,297,609
Emperador, Inc.		37,942,500		5,674,328
Total Philippines				38,421,445
AUSTRALIA: 3.7%
CSL, Ltd.		253,921		15,980,114
Oil Search, Ltd.		2,632,693		13,367,320
Total Australia				29,347,434
SRI LANKA: 3.6%
Sampath Bank PLC		7,897,235		14,449,212
Lanka Orix Leasing Co. PLCb		12,121,473		8,286,867
John Keells Holdings PLC		5,248,780		6,316,703
Total Sri Lanka				29,052,782
TAIWAN: 2.0%
St. Shine Optical Co., Ltd.		711,000		8,723,486
Sinmag Equipment Corp.		1,220,675		4,452,995
Synnex Technology International Corp.		3,133,000		3,134,145
Total Taiwan				16,310,626
SOUTH KOREA: 1.8%
Orion Corp.		9,402		7,487,174
Samsung Electronics Co., Ltd.		7,384		7,084,607
Total South Korea				14,571,781
THAILAND: 1.3%
Major Cineplex Group Public Co., Ltd.		11,921,000		10,501,901
Total Thailand				10,501,901
MALAYSIA: 1.3%
7-Eleven Malaysia Holdings BHD		21,204,100		7,137,370
SapuraKencana Petroleum BHD		7,729,800		3,317,894
Total Malaysia				10,455,264
VIETNAM: 1.2%
Vietnam Dairy Products JSC		2,164,300		9,635,349
Total Vietnam				9,635,349
PAKISTAN: 0.9%
Habib Bank, Ltd.		4,001,000		7,570,401
Total Pakistan				7,570,401
TOTAL INVESTMENTS: 99.2% (Cost $747,213,240c)				793,927,618
CASH AND OTHER ASSETS, LESS LIABILITIES: 0.8%				6,344,663
NET ASSETS: 100.0%			$	800,272,281

Matthews Asia Growth Fund	September 30, 2015
Schedule of Investmentsa (unaudited) (continued)

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Non-income producing security.

c Cost for federal income tax purposes is $747,213,240 and net unrealized appreciation consists of:

Gross unrealized appreciation	$	161,229,313
Gross unrealized depreciation		(114,514,935	)
Net unrealized appreciation	$	46,714,378

ADR American Depositary Receipt

ADS American Depositary Share

BHD Berhad

JSC Joint Stock Co.

See accompanying notes to schedules of investments.

Matthews Pacific Tiger Fund	September 30, 2015
Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: 98.4%
CHINA/HONG KONG: 31.8%
Hengan International Group Co., Ltd.		16,483,500	$	161,072,028
Ping An Insurance Group Co. of China, Ltd. H Shares		30,743,000		153,622,315
Baidu, Inc. ADRb		1,081,800		148,650,138
Sinopharm Group Co., Ltd. H Shares		38,969,200		137,068,243
China Mobile, Ltd. ADR		2,215,026		131,794,047
Lenovo Group, Ltd.		135,894,000		114,883,135
China Resources Land, Ltd.		47,814,000		112,904,062
Tencent Holdings, Ltd.		5,886,500		99,226,320
WuXi PharmaTech Cayman, Inc. ADRb		2,243,158		96,926,857
Dairy Farm International Holdings, Ltd.		15,954,946		96,824,792
China Resources Enterprise, Ltd.		50,302,000		93,591,025
AIA Group, Ltd.		17,640,800		91,745,398
Hang Lung Group, Ltd.		25,553,000		86,994,983
Yum! Brands, Inc.		1,074,410		85,899,080
Alibaba Group Holding, Ltd. ADRb		1,291,700		76,171,549
China Vanke Co., Ltd. H Shares		29,747,704		63,908,292
Hong Kong Exchanges and Clearing, Ltd.		2,603,000		59,715,424
Fuyao Glass Industry Group Co., Ltd. H Sharesb,†		30,836,000		58,950,444
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares		24,190,604		58,696,725
Swire Pacific, Ltd. A Share Class		5,013,000		56,188,414
Tasly Pharmaceutical Group Co., Ltd. A Shares		8,120,247		42,461,515
Shanghai Jahwa United Co., Ltd. A Sharesc		2,220,199		11,870,427
Total China/Hong Kong				2,039,165,213
INDIA: 20.3%
Kotak Mahindra Bank, Ltd.		16,873,409		167,018,044
Tata Power Co., Ltd.†		165,620,436		164,257,211
Sun Pharmaceutical Industries, Ltd.		12,078,258		159,825,633
Container Corp. of India, Ltd.		5,471,996		123,878,507
Titan Co., Ltd.		24,797,915		120,169,075
Housing Development Finance Corp., Ltd.		5,935,685		109,973,491
GAIL India, Ltd.		22,282,108		102,814,741
HDFC Bank, Ltd.		6,223,409		101,666,100
ITC, Ltd.		18,735,000		93,942,238
Dabur India, Ltd.		21,117,482		88,881,395
Thermax, Ltd.		5,310,034		68,907,480
Total India				1,301,333,915
SOUTH KOREA: 16.2%
Naver Corp.		417,316		180,879,726
Dongbu Insurance Co., Ltd.		3,399,119		176,291,308
Amorepacific Corp.		519,511		169,292,275
Orion Corp.		203,080		161,720,405
Green Cross Corp.†		964,850		152,914,024
Samsung Electronics Co., Ltd.		105,105		100,843,395
Cheil Worldwide, Inc.b,†		6,154,297		95,088,408
Total South Korea				1,037,029,541
TAIWAN: 6.0%
President Chain Store Corp.		23,236,608		144,919,330
Delta Electronics, Inc.		29,692,000		140,050,019

	Shares		Value
Synnex Technology International Corp.†		98,191,354	$	98,227,231
Total Taiwan				383,196,580
INDONESIA: 5.8%
PT Indofood CBP Sukses Makmur		112,761,300		95,622,950
PT Bank Central Asia		100,580,000		84,444,620
PT Telekomunikasi Indonesia Persero		446,304,300		80,603,074
PT Astra International		159,745,900		57,219,078
PT Perusahaan Gas Negara Persero		234,985,100		40,661,898
PT Telekomunikasi Indonesia Persero ADR		364,070		12,979,096
Total Indonesia				371,530,716
THAILAND: 5.4%
Central Pattana Public Co., Ltd.		134,488,800		166,031,454
The Siam Cement Public Co., Ltd.		8,872,950		113,569,452
Kasikornbank Public Co., Ltd. NVDR		13,577,700		64,121,895
Total Thailand				343,722,801
MALAYSIA: 3.4%
Genting BHD		54,370,200		90,028,084
IHH Healthcare BHD		47,676,300		64,716,492
Public Bank BHD		12,771,594		50,925,868
IHH Healthcare BHD		11,543,000		15,192,642
Total Malaysia				220,863,086
PHILIPPINES: 2.9%
GT Capital Holdings, Inc.		3,897,540		105,725,833
SM Prime Holdings, Inc.		181,670,771		80,481,761
Total Philippines				186,207,594
SWITZERLAND: 2.7%
DKSH Holding, Ltd.		2,688,062		170,537,576
Total Switzerland				170,537,576
VIETNAM: 2.0%
Vietnam Dairy Products JSC		28,359,837		126,256,493
Total Vietnam				126,256,493
UNITED STATES: 1.4%
Cognizant Technology Solutions Corp. Class Ab		1,382,600		86,564,586
Total United States				86,564,586
SINGAPORE: 0.5%
Hyflux, Ltd.†		63,942,780		31,121,336
Total Singapore				31,121,336
TOTAL COMMON EQUITIES (Cost $5,369,900,832)				6,297,529,437
WARRANTS: 0.0%
MALAYSIA: 0.0%
Genting BHD, expires 12/18/18		12,253,875		2,383,453
Total Malaysia				2,383,453
TOTAL WARRANTS (Cost $5,593,674)				2,383,453

Matthews Pacific Tiger Fund	September 30, 2015
Schedule of Investmentsa (unaudited) (continued)

	Value
TOTAL INVESTMENTS: 98.4% (Cost $5,375,494,506d)	$	6,299,912,890
CASH AND OTHER ASSETS, LESS LIABILITIES: 1.6%		103,601,745
NET ASSETS: 100.0%	$	6,403,514,635

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Non-income producing security.

c Illiquid security, trading was halted at 9/30/15.

d Cost for federal income tax purposes is $5,377,127,603 and net unrealized appreciation consists of:

Gross unrealized appreciation	$	1,582,676,337
Gross unrealized depreciation		(659,891,050	)
Net unrealized appreciation	$	922,785,287

† Affiliated Issuer, as defined under the Investment Company Act of 1940 (ownership of 5% or more of the outstanding voting securities of this issuer)

ADR American Depositary Receipt

BHD Berhad

JSC Joint Stock Co.

NVDR Non-voting Depositary Receipt

See accompanying notes to schedules of investments.

Matthews Asia ESG Fund	September 30, 2015
Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: 92.0%
CHINA/HONG KONG: 25.1%
Sino Biopharmaceutical, Ltd.		120,000	$	148,603
MTR Corp., Ltd.		33,000		143,484
JD.com, Inc. ADRb		5,200		135,512
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares		54,800		132,968
AIA Group, Ltd.		19,000		98,814
CSPC Pharmaceutical Group, Ltd.		110,000		96,851
Towngas China Co., Ltd.		146,000		89,743
Haier Electronics Group Co., Ltd.		42,000		70,519
Beijing Urban Construction Design & Development Group Co., Ltd. H Shares		122,000		68,860
Guangdong Investment, Ltd.		36,000		53,738
China Conch Venture Holdings, Ltd.		24,500		52,123
HKBN, Ltd.b		43,500		50,349
Weifu High-Technology Group Co., Ltd. B Shares		11,500		28,941
CIMC Enric Holdings, Ltd.		44,000		25,264
Total China/Hong Kong				1,195,769
INDIA: 17.1%
Bharti Infratel, Ltd.		27,712		150,157
Bata India, Ltd.		8,718		143,363
Ipca Laboratories, Ltd.		8,837		99,996
Power Grid Corp. of India, Ltd.		48,922		98,937
Lupin, Ltd.		3,122		96,927
Infosys, Ltd.		5,446		96,613
Sanofi India, Ltd.		1,010		63,652
KPIT Technologies, Ltd.		23,275		38,042
SKS Microfinance, Ltd.b		4,882		30,245
Total India				817,932
TAIWAN: 13.0%
Taiwan Semiconductor Manufacturing Co., Ltd.		57,000		228,438
CHC Resources Corp.		34,000		61,614
St. Shine Optical Co., Ltd.		5,000		61,347
Merida Industry Co., Ltd.		11,000		59,401
Greatek Electronics, Inc.		68,000		58,308
KD Holding Corp.		12,000		57,443
Lumax International Corp., Ltd.		36,000		47,430
Sporton International, Inc.		8,077		46,964
Total Taiwan				620,945
SOUTH KOREA: 8.2%
Hanon Systems		4,502		149,678
DGB Financial Group, Inc.		11,233		99,892
iMarketKorea, Inc.		2,951		73,317
KT Skylife Co., Ltd.		3,990		68,686
Total South Korea				391,573
JAPAN: 5.8%
Tsukui Corp.		11,800		113,419
Daikin Industries, Ltd.		1,800		100,955
Koito Manufacturing Co., Ltd.		1,200		39,212
Ain Pharmaciez, Inc.		500		25,521
Total Japan				279,107

	Shares		Value
PHILIPPINES: 4.6%
Puregold Price Club, Inc.		179,900	$	119,317
Energy Development Corp.		831,900		98,053
Total Philippines				217,370
THAILAND: 4.2%
Total Access Communication Public Co., Ltd. NVDR		116,700		185,932
Bumrungrad Hospital Public Co., Ltd.		2,500		14,903
Total Thailand				200,835
SINGAPORE: 3.2%
Parkway Life REIT		64,400		104,086
Vicom, Ltd.		11,300		47,664
Total Singapore				151,750
PAKISTAN: 2.5%
Abbott Laboratories Pakistan, Ltd.		11,950		74,748
Bank Alfalah, Ltd.		182,000		43,429
Total Pakistan				118,177
INDONESIA: 2.4%
PT Bank Rakyat Indonesia Persero		121,200		71,762
PT Perusahaan Gas Negara Persero		241,700		41,824
Total Indonesia				113,586
LUXEMBOURG: 1.5%
L’Occitane International SA		34,500		72,203
Total Luxembourg				72,203
SRI LANKA: 1.3%
Nestle Lanka PLC		4,224		62,738
Total Sri Lanka				62,738
BANGLADESH: 1.3%
Square Pharmaceuticals, Ltd.		19,040		61,055
Total Bangladesh				61,055
AUSTRALIA: 1.3%
Ansell, Ltd.		2,695		35,686
Tox Free Solutions, Ltd.		13,444		24,404
Total Australia				60,090
UNITED STATES: 0.5%
Sensata Technologies Holding NVb		500		22,170
Total United States				22,170
TOTAL INVESTMENTS: 92.0% (Cost $4,775,414c)				4,385,300
CASH AND OTHER ASSETS, LESS LIABILITIES: 8.0%				381,267
NET ASSETS: 100.0%			$	4,766,567

Matthews Asia ESG Fund	September 30, 2015
Schedule of Investmentsa (unaudited) (continued)

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Non-income producing security.

c Cost for federal income tax purposes is $4,775,414 and net unrealized depreciation consists of:

Gross unrealized appreciation	$	84,408
Gross unrealized depreciation		(474,522	)
Net unrealized depreciation	($	390,114	)

ADR American Depositary Receipt

NVDR Non-voting Depositary Receipt

REIT Real Estate Investment Trust

See accompanying notes to schedules of investments.

Matthews Emerging Asia Fund	September 30, 2015
Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: 99.1%
PAKISTAN: 19.2%
The Searle Pakistan, Ltd.b		2,041,700	$	7,834,054
K-Electric, Ltd.b		56,269,000		3,815,631
Habib Bank, Ltd.		1,508,100		2,853,517
PAK Suzuki Motor Co., Ltd.		688,600		2,732,452
Hum Network, Ltd.		15,552,000		2,420,283
Abbott Laboratories Pakistan, Ltd.		347,100		2,171,140
GlaxoSmithKline Pakistan, Ltd.		1,021,540		2,089,622
ICI Pakistan, Ltd.		452,600		2,088,998
Engro Foods, Ltd.b		1,237,100		1,747,633
Pakistan Petroleum, Ltd.		1,487,800		1,701,686
National Foods, Ltd.		429,700		1,487,899
Total Pakistan				30,942,915
BANGLADESH: 15.6%
British American Tobacco Bangladesh Co., Ltd.		132,990		5,041,208
Olympic Industries, Ltd.		1,193,695		4,644,322
Square Pharmaceuticals, Ltd.		1,421,741		4,559,077
Marico Bangladesh, Ltd.		161,759		3,567,745
United Commercial Bank, Ltd.		11,765,239		3,388,510
Berger Paints Bangladesh, Ltd.		69,450		1,915,070
Bata Shoe Co. Bangladesh, Ltd.		75,700		1,321,575
Apex Footwear, Ltd.		113,800		576,499
Total Bangladesh				25,014,006
VIETNAM: 12.3%
Vinh Hoan Corp.		2,579,760		4,201,346
Phu Nhuan Jewelry JSC		2,007,863		2,936,007
Tien Phong Plastic JSC		1,292,517		2,622,123
National Seed JSC		554,535		2,516,408
Mobile World Investment Corp.b		632,587		1,723,279
DHG Pharmaceutical JSC		436,320		1,294,114
Nam Long Investment Corp.		1,386,590		1,258,433
Dinh Vu Port Investment & Development JSC		517,550		1,174,288
Masan Group Corp.b		273,360		901,461
Saigon Securities, Inc.		820,829		858,430
Phuoc Hoa Rubber JSC		304,000		246,148
Total Vietnam				19,732,037
INDIA: 11.4%
PC Jeweller, Ltd.		801,621		4,328,558
Emami, Ltd.		126,978		2,235,540
Supreme Industries, Ltd.		223,468		2,106,087
Praj Industries, Ltd.		1,224,447		1,551,392
Info Edge India, Ltd.		124,174		1,513,281
GRUH Finance, Ltd.		304,007		1,234,828
VST Industries, Ltd.		49,694		1,214,793
Shriram Transport Finance Co., Ltd.		83,544		1,180,566
Shriram City Union Finance, Ltd.		41,454		1,077,368
Shalimar Paints, Ltd.b		525,830		826,660
Cipla India, Ltd.		60,053		582,993
Multi Commodity Exchange of India, Ltd.		32,155		459,940
Total India				18,312,006

	Shares		Value
CHINA/HONG KONG: 10.8%
Shenzhou International Group Holdings, Ltd.		689,000	$	3,569,884
Luk Fook Holdings International, Ltd.		1,200,000		3,007,874
CIMC Enric Holdings, Ltd.		4,378,000		2,513,741
Alibaba Group Holding, Ltd. ADRb		29,300		1,727,821
Playmates Toys, Ltd.		8,756,000		1,694,135
Tencent Holdings, Ltd.		88,700		1,495,180
Future Bright Holdings, Ltd.		9,948,000		1,110,697
Haitian International Holdings, Ltd.		618,000		1,022,854
Melco Crown Entertainment, Ltd. ADR		49,500		681,120
Louis XIII Holdings, Ltd.b		1,923,000		537,980
Total China/Hong Kong				17,361,286
SRI LANKA: 9.5%
Sampath Bank PLC		2,483,749		4,544,403
National Development Bank PLC		2,515,196		3,958,218
Hemas Holdings PLC		5,038,636		3,031,027
Aitken Spence Hotel Holdings PLC		1,973,457		1,033,516
Chevron Lubricants Lanka PLC		260,863		684,619
Ceylon Tobacco Co. PLC		85,424		584,750
Expolanka Holdings PLC		9,348,946		542,543
Ceylinco Insurance Co. PLC		51,393		509,202
Lanka Orix Leasing Co. PLCb		573,466		392,051
Total Sri Lanka				15,280,329
INDONESIA: 8.4%
PT Matahari Department Store		3,032,600		3,349,541
PT Gudang Garam		1,058,900		3,039,779
PT Mayora Indah		1,179,600		2,141,799
PT Bank Mandiri Persero		3,728,900		2,022,739
PT Sumber Alfaria Trijaya		38,533,300		1,499,248
PT Indofood CBP Sukses Makmur		1,301,700		1,103,857
PT Electronic City Indonesia		4,790,100		289,424
Total Indonesia				13,446,387
PHILIPPINES: 6.3%
Puregold Price Club, Inc.		4,214,000		2,794,908
Universal Robina Corp.		505,710		2,079,225
Vista Land & Lifescapes, Inc.		18,094,100		1,950,228
Emperador, Inc.		9,273,800		1,386,903
GT Capital Holdings, Inc.		40,630		1,102,141
RFM Corp.		9,430,400		807,181
Total Philippines				10,120,586
THAILAND: 2.6%
SNC Former Public Co., Ltd.		5,111,700		1,931,074
Srisawad Power 1979 Public Co., Ltd.		1,283,568		1,303,317
Beauty Community Public Co., Ltd.		7,142,000		893,392
Total Thailand				4,127,783
AUSTRALIA: 1.1%
Oil Search, Ltd.		349,221		1,773,146
Total Australia				1,773,146
CAMBODIA: 1.0%
NagaCorp, Ltd.		2,828,000		1,700,602
Total Cambodia				1,700,602

Matthews Emerging Asia Fund	September 30, 2015
Schedule of Investmentsa (unaudited) (continued)

	Shares		Value
COMMON EQUITIES: (continued)
SINGAPORE: 0.9%
Yoma Strategic Holdings, Ltd.b		5,491,766	$	1,412,890
Total Singapore				1,412,890
TOTAL COMMON EQUITIES (Cost $161,682,042)				159,223,973
WARRANTS: 0.0%
THAILAND: 0.0%
Srisawad Power 1979 Public Co., Ltd., expires 6/11/20		50,336		11,372
Total Thailand				11,372
TOTAL WARRANTS (Cost $0)				11,372
TOTAL INVESTMENTS: 99.1% (Cost $161,682,042c)				159,235,345
CASH AND OTHER ASSETS, LESS LIABILITIES: 0.9%				1,454,174
NET ASSETS: 100.0%			$	160,689,519

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Non-income producing security.

c Cost for federal income tax purposes is $161,682,042 and net unrealized depreciation consists of:

Gross unrealized appreciation	$	22,455,480
Gross unrealized depreciation		(24,902,177	)
Net unrealized depreciation	($	2,446,697	)

ADR American Depositary Receipt

JSC Joint Stock Co.

See accompanying notes to schedules of investments.

Matthews China Fund	September 30, 2015
Consolidated Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: CHINA: 98.5%
FINANCIALS: 38.3%
Insurance: 13.4%
Ping An Insurance Group Co. of China, Ltd. H Shares		9,580,500	$	47,873,617
China Life Insurance Co., Ltd. H Shares		7,941,000		27,669,445
AIA Group, Ltd.		4,103,800		21,342,840
				96,885,902
Banks: 12.2%
China Construction Bank Corp. H Shares		48,922,660		32,647,686
China Merchants Bank Co., Ltd. H Shares		6,738,643		16,424,129
BOC Hong Kong Holdings, Ltd.		5,566,000		16,415,690
Chongqing Rural Commercial Bank Co., Ltd. H Shares		24,695,000		14,040,451
Bank of China, Ltd. H Shares		21,709,000		9,361,634
				88,889,590
Real Estate Management & Development: 8.2%
China Overseas Land & Investment, Ltd.		6,896,000		20,966,461
China Vanke Co., Ltd. H Shares		9,185,368		19,733,327
China Resources Land, Ltd.		8,062,000		19,036,946
				59,736,734
Capital Markets: 2.3%
China Galaxy Securities Co., Ltd. H Shares		23,969,500		16,981,084
Diversified Financial Services: 2.2%
Hong Kong Exchanges and Clearing, Ltd.		681,300		15,629,703
Total Financials				278,123,013
INFORMATION TECHNOLOGY: 16.5%
Internet Software & Services: 11.3%
Tencent Holdings, Ltd.		3,024,700		50,986,129
NetEase, Inc. ADR		134,100		16,108,092
Baidu, Inc. ADRb		107,400		14,757,834
				81,852,055
Electronic Equipment, Instruments & Components: 2.6%
Hangzhou Hikvision Digital Technology Co., Ltd. A Sharesc		3,705,959		19,040,803
Communications Equipment: 2.6%
ZTE Corp. H Shares		8,220,364		18,802,475
Total Information Technology				119,695,333
INDUSTRIALS: 15.3%
Commercial Services & Supplies: 4.2%
China Everbright International, Ltd.		13,168,000		18,498,674
Dongjiang Environmental Co., Ltd. H Shares		7,675,400		11,949,072
				30,447,746
Construction & Engineering: 2.8%
China State Construction International Holdings, Ltd.		14,052,000		20,165,154
Transportation Infrastructure: 2.5%
China Merchants Holdings International Co., Ltd.		3,572,581		10,548,282
Qingdao Port International Co., Ltd. H Shares		14,043,000		6,321,743
Yuexiu Transport Infrastructure, Ltd.		2,657,000		1,673,665
				18,543,690
Airlines: 2.1%
Air China, Ltd. H Shares		19,367,900		15,339,910

	Shares		Value
Electrical Equipment: 2.1%
Boer Power Holdings, Ltd.		8,874,000	$	15,019,727
Air Freight & Logistics: 1.6%
Sinotrans, Ltd. H Shares		24,822,000		11,713,586
Total Industrials				111,229,813
CONSUMER DISCRETIONARY: 13.3%
Internet & Catalog Retail: 5.5%
JD.com, Inc. ADRb		723,300		18,849,198
Vipshop Holdings, Ltd. ADRb		807,500		13,566,000
Ctrip.com International, Ltd. ADRb		120,400		7,606,872
				40,022,070
Household Durables: 3.0%
Haier Electronics Group Co., Ltd.		7,121,000		11,956,349
Gree Electric Appliances, Inc. of Zhuhai A Sharesc		3,824,278		9,789,250
				21,745,599
Textiles, Apparel & Luxury Goods: 2.8%
ANTA Sports Products, Ltd.		7,758,000		20,138,275
Hotels, Restaurants & Leisure: 1.6%
Sands China, Ltd.		3,876,800		11,775,627
Automobiles: 0.4%
Chongqing Changan Automobile Co., Ltd. B Shares		1,561,114		2,637,685
Total Consumer Discretionary				96,319,256
HEALTH CARE: 6.3%
Pharmaceuticals: 4.2%
Sino Biopharmaceutical, Ltd.		14,240,000		17,634,252
Jiangsu Hengrui Medicine Co., Ltd. A Sharesc		1,799,919		13,110,242
				30,744,494
Health Care Providers & Services: 2.1%
Sinopharm Group Co., Ltd. H Shares		4,276,000		15,040,181
Total Health Care				45,784,675
CONSUMER STAPLES: 3.3%
Beverages: 2.4%
Kweichow Moutai Co., Ltd. A Sharesc		584,779		17,559,950
Food Products: 0.9%
China Mengniu Dairy Co., Ltd.		1,873,000		6,604,717
Total Consumer Staples				24,164,667
UTILITIES: 3.2%
Water Utilities: 1.8%
Beijing Enterprises Water Group, Ltd.		18,710,000		13,087,684
Independent Power and Renewable Electricity Producers: 1.4%
China Longyuan Power Group Corp. H Shares		9,065,000		9,804,532
Total Utilities				22,892,216
ENERGY: 1.3%
Oil, Gas & Consumable Fuels: 1.3%
China Shenhua Energy Co., Ltd. H Shares		6,054,000		9,298,257
Total Energy				9,298,257

Matthews China Fund	September 30, 2015
Consolidated Schedule of Investmentsa (unaudited) (continued)

	Shares	Value
COMMON EQUITIES: CHINA (continued)
MATERIALS: 1.0%
Construction Materials: 1.0%
Anhui Conch Cement Co., Ltd. H Shares	2,567,000	$	7,589,337
Total Materials			7,589,337
TOTAL INVESTMENTS: 98.5% (Cost $691,968,129d)			715,096,567
CASH AND OTHER ASSETS, LESS LIABILITIES: 1.5%			11,163,136
NET ASSETS: 100.0%		$	726,259,703

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Non-income producing security.

c Security held by Matthews ADF-U Series.

d Cost for federal income tax purposes is $692,289,021 and net unrealized appreciation consists of:

Gross unrealized appreciation	$	94,422,966
Gross unrealized depreciation		(71,615,420	)
Net unrealized appreciation	$	22,807,546

ADR American Depositary Receipt

See accompanying notes to schedules of investments.

Matthews India Fund	September 30, 2015
Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: 99.4%
FINANCIALS: 25.9%
Banks: 10.4%
IndusInd Bank, Ltd.		4,803,934	$	69,141,169
Kotak Mahindra Bank, Ltd.		5,547,258		54,908,417
HDFC Bank, Ltd.		2,030,165		33,164,935
HDFC Bank, Ltd. ADR+		30,922		1,889,025
				159,103,546
Consumer Finance: 5.7%
Shriram City Union Finance, Ltd.		2,910,154		75,633,413
Sundaram Finance, Ltd.		543,318		12,710,529
				88,343,942
Diversified Financial Services: 4.8%
CRISIL, Ltd.		1,527,723		42,775,395
IDFC, Ltd.		13,050,467		28,136,032
Multi Commodity Exchange of India, Ltd.		168,101		2,404,488
				73,315,915
Thrifts & Mortgage Finance: 4.7%
Housing Development Finance Corp., Ltd.		2,958,810		54,819,396
GRUH Finance, Ltd.		4,421,238		17,958,363
				72,777,759
Real Estate Management & Development: 0.3%
Ascendas India Trust		7,367,700		4,426,678
Total Financials				397,967,840
CONSUMER STAPLES: 18.0%
Personal Products: 10.0%
Emami, Ltd.		3,464,801		61,000,338
Bajaj Corp., Ltd.		5,759,447		39,367,629
Dabur India, Ltd.		7,592,176		31,954,718
Marico, Ltd.		3,425,223		21,102,649
				153,425,334
Tobacco: 6.7%
ITC, Ltd.		14,617,949		73,298,257
VST Industries, Ltd.†		1,215,704		29,718,444
				103,016,701
Food Products: 1.3%
Zydus Wellness, Ltd.		1,670,471		20,688,748
Total Consumer Staples				277,130,783
INFORMATION TECHNOLOGY: 16.3%
IT Services: 12.4%
Mindtree, Ltd.		2,933,292		67,855,113
Cognizant Technology Solutions Corp. Class Ab		1,047,700		65,596,497
eClerx Services, Ltd.†		2,366,218		57,343,359
				190,794,969
Internet Software & Services: 3.9%
Info Edge India, Ltd.		3,072,208		37,440,326
Just Dial, Ltd.		1,528,000		22,958,207
				60,398,533
Total Information Technology				251,193,502
HEALTH CARE: 15.5%
Pharmaceuticals: 14.7%
Taro Pharmaceutical Industries, Ltd.b		538,100		76,889,109

	Shares		Value
Ajanta Pharma, Ltd.		2,942,072	$	66,503,145
Sun Pharma Advanced Research Co., Ltd.b		4,816,014		28,328,151
Sun Pharmaceutical Industries, Ltd.		2,117,725		28,022,811
Alembic Pharmaceuticals, Ltd.		1,942,940		20,232,623
Caplin Point Laboratories, Ltd.		239,449		5,259,301
				225,235,140
Health Care Equipment & Supplies: 0.8%
Poly Medicure, Ltd.		2,076,732		12,185,963
Total Health Care				237,421,103
INDUSTRIALS: 10.8%
Machinery: 5.4%
AIA Engineering, Ltd.		2,898,571		43,914,648
Thermax, Ltd.		1,598,128		20,738,657
Ashok Leyland, Ltd.		12,656,152		17,891,414
				82,544,719
Air Freight & Logistics: 1.9%
Blue Dart Express, Ltd.		261,973		30,003,530
Road & Rail: 1.9%
Container Corp. of India, Ltd.		1,291,324		29,233,809
Transportation Infrastructure: 1.6%
Gujarat Pipavav Port, Ltd.b		8,578,564		24,307,841
Total Industrials				166,089,899
CONSUMER DISCRETIONARY: 7.5%
Textiles, Apparel & Luxury Goods: 4.9%
Titan Co., Ltd.		9,030,467		43,761,053
Page Industries, Ltd.		107,100		21,672,665
Kewal Kiran Clothing, Ltd.		222,262		7,258,300
Vaibhav Global, Ltd.		500,000		2,868,678
				75,560,696
Household Durables: 2.6%
Symphony, Ltd.		1,166,560		32,773,736
LA Opala RG, Ltd.		746,323		6,327,291
				39,101,027
Total Consumer Discretionary				114,661,723
MATERIALS: 5.4%
Chemicals: 3.4%
Asian Paints, Ltd.		1,534,000		19,700,323
Supreme Industries, Ltd.		1,895,000		17,859,537
Castrol India, Ltd.		2,139,063		14,434,830
				51,994,690
Metals & Mining: 2.0%
NMDC, Ltd.		21,773,892		30,942,004
Total Materials				82,936,694
TOTAL INVESTMENTS: 99.4% (Cost $1,258,501,680c)				1,527,401,544
CASH AND OTHER ASSETS, LESS LIABILITIES: 0.6%				8,972,491
NET ASSETS: 100.0%			$	1,536,374,035

Matthews India Fund	September 30, 2015
Schedule of Investmentsa (unaudited) (continued)

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Non-income producing security.

c Cost for federal income tax purposes is $1,258,604,786 and net unrealized appreciation consists of:

Gross unrealized appreciation	$	351,915,076
Gross unrealized depreciation		(83,118,318	)
Net unrealized appreciation	$	268,796,758

† Affiliated Issuer, as defined under the Investment Company Act of 1940 (ownership of 5% or more of the outstanding voting securities of this issuer)

ADR American Depositary Receipt

See accompanying notes to schedules of investments.

Matthews Japan Fund	September 30, 2015
Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: JAPAN: 94.2%
INDUSTRIALS: 22.9%
Professional Services: 7.5%
Nihon M&A Center, Inc.		707,300	$	30,908,918
TechnoPro Holdings, Inc.		993,500		26,339,751
Nomura Co., Ltd.		1,276,400		18,106,297
Benefit One, Inc.		811,300		13,751,087
Recruit Holdings Co., Ltd.		432,200		12,959,217
				102,065,270
Machinery: 6.6%
Mitsubishi Heavy Industries, Ltd.		5,718,000		25,572,268
Komatsu, Ltd.		1,635,400		24,005,106
SMC Corp.		95,400		20,888,636
Harmonic Drive Systems, Inc.		1,402,700		20,098,480
				90,564,490
Electrical Equipment: 3.9%
Nidec Corp.		413,500		28,434,734
Mabuchi Motor Co., Ltd.		553,300		24,024,063
				52,458,797
Building Products: 2.7%
Aica Kogyo Co., Ltd.		1,005,000		20,107,073
Daikin Industries, Ltd.		309,100		17,336,173
				37,443,246
Road & Rail: 1.6%
Trancom Co., Ltd.		403,300		21,475,844
Air Freight & Logistics: 0.6%
AIT Corp.†		1,130,300		8,780,673
Total Industrials				312,788,320
CONSUMER DISCRETIONARY: 17.8%
Specialty Retail: 5.9%
VT Holdings Co., Ltd.		4,366,500		26,283,419
United Arrows, Ltd.		599,600		24,748,768
Sac’s Bar Holdings, Inc.		1,101,950		18,847,656
Workman Co., Ltd.		171,000		10,406,312
				80,286,155
Automobiles: 2.8%
Toyota Motor Corp.		642,400		37,611,181
Multiline Retail: 2.2%
Ryohin Keikaku Co., Ltd.		146,900		29,910,122
Hotels, Restaurants & Leisure: 2.1%
Kyoritsu Maintenance Co., Ltd.		451,300		29,046,466
Ride On Express Co., Ltd.		13,600		147,903
				29,194,369
Distributors: 1.9%
Doshisha Co., Ltd.		1,380,800		25,337,637
Internet & Catalog Retail: 1.1%
Start Today Co., Ltd.		470,700		15,580,281
Household Durables: 0.9%
Rinnai Corp.		170,100		12,977,940
Auto Components: 0.9%
Nifco, Inc.		347,800		11,886,542
Total Consumer Discretionary				242,784,227

	Shares		Value
CONSUMER STAPLES: 13.9%
Food & Staples Retailing: 6.2%
Seven & I Holdings Co., Ltd.		805,800	$	36,771,199
San-A Co., Ltd.		733,300		32,217,869
Cosmos Pharmaceutical Corp.		135,100		15,893,893
				84,882,961
Household Products: 3.4%
Pigeon Corp.		1,280,100		29,910,582
Unicharm Corp.		951,100		16,845,776
				46,756,358
Personal Products: 3.0%
Kao Corp.		909,600		41,232,935
Food Products: 1.3%
Calbee, Inc.		517,000		16,730,122
Ariake Japan Co., Ltd.		17,400		681,962
				17,412,084
Total Consumer Staples				190,284,338
INFORMATION TECHNOLOGY: 13.5%
Electronic Equipment, Instruments & Components: 8.6%
Keyence Corp.		67,900		30,322,661
Murata Manufacturing Co., Ltd.		176,900		22,850,975
Omron Corp.		665,400		20,030,003
Yokogawa Electric Corp.		1,555,500		16,281,504
Dexerials Corp.		1,215,300		15,621,161
Anritsu Corp.		2,024,900		12,317,179
				117,423,483
Internet Software & Services: 3.7%
COOKPAD, Inc.		1,613,300		34,057,973
Kakaku.com, Inc.		1,023,300		16,618,827
				50,676,800
Semiconductors & Semiconductor Equipment: 1.1%
Rohm Co., Ltd.		338,300		15,044,266
Software: 0.1%
NSD Co., Ltd.		57,600		707,365
Total Information Technology				183,851,914
HEALTH CARE: 12.8%
Health Care Equipment & Supplies: 8.1%
Hoya Corp.		883,200		28,926,476
Asahi Intecc Co., Ltd.		762,900		27,496,966
Sysmex Corp.		484,600		25,592,579
CYBERDYNE, Inc.b		1,217,100		14,438,407
Daiken Medical Co., Ltd. †		1,613,700		13,318,856
				109,773,284
Health Care Technology: 2.0%
M3, Inc.		1,369,400		27,213,832
Health Care Providers & Services: 1.4%
N Field Co., Ltd.b,†		964,700		12,195,901
WIN-Partners Co., Ltd.		508,000		7,033,267
				19,229,168
Pharmaceuticals: 1.3%
Rohto Pharmaceutical Co., Ltd.		1,179,300		18,100,347

Matthews Japan Fund	September 30, 2015
Schedule of Investmentsa (unaudited) (continued)

	Shares		Value
COMMON EQUITIES: JAPAN (continued)
Total Health Care			$	174,316,631
FINANCIALS: 11.1%
Diversified Financial Services: 6.7%
ORIX Corp.		2,492,100		32,146,453
Zenkoku Hosho Co., Ltd.		768,800		25,517,388
Financial Products Group Co., Ltd.		2,725,500		19,713,630
eGuarantee, Inc.†		729,200		13,672,925
				91,050,396
Insurance: 2.4%
Tokio Marine Holdings, Inc.		869,900		32,499,460
Banks: 2.0%
Sumitomo Mitsui Financial Group, Inc.		744,100		28,216,505
Total Financials				151,766,361
MATERIALS: 2.2%
Chemicals: 2.2%
Shin-Etsu Chemical Co., Ltd.		388,900		19,944,377
MORESCO Corp.†		774,500		10,198,122
Total Materials				30,142,499
TOTAL INVESTMENTS: 94.2%				1,285,934,290
(Cost $1,272,966,727c)
CASH AND OTHER ASSETS, LESS LIABILITIES: 5.8%				78,576,619
NET ASSETS: 100.0%			$	1,364,510,909

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Non-income producing security.

c Cost for federal income tax purposes is $1,273,637,782 and net unrealized appreciation consists of:

Gross unrealized appreciation	$	106,358,683
Gross unrealized depreciation		(94,062,175	)
Net unrealized appreciation	$	12,296,508

† Affiliated Issuer, as defined under the Investment Company Act of 1940 (ownership of 5% or more of the outstanding voting securities of this issuer)

See accompanying notes to schedules of investments.

Matthews Korea Fund	September 30, 2015
Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: SOUTH KOREA: 81.2%
CONSUMER DISCRETIONARY: 21.4%
Hotels, Restaurants & Leisure: 6.8%
Modetour Network, Inc.		154,085	$	5,004,669
Kangwon Land, Inc.		136,640		4,883,704
Shinsegae Food Co., Ltd.		21,316		3,606,172
				13,494,545
Auto Components: 4.4%
Hyundai Mobis Co., Ltd.		23,876		4,671,744
Hankook Tire Co., Ltd.		119,816		4,011,090
				8,682,834
Specialty Retail: 3.0%
Hotel Shilla Co., Ltd.		59,828		5,831,376
Automobiles: 2.9%
Kia Motors Corp.		124,232		5,631,588
Media: 1.9%
CJ CGV Co., Ltd.		29,234		2,601,978
Cheil Worldwide, Inc.b		79,016		1,220,855
				3,822,833
Multiline Retail: 1.4%
Hyundai Department Store Co., Ltd.		24,494		2,775,673
Internet & Catalog Retail: 1.0%
NS Shopping Co., Ltd.b		10,422		2,040,442
Total Consumer Discretionary				42,279,291
CONSUMER STAPLES: 20.7%
Food & Staples Retailing: 9.4%
BGF Retail Co., Ltd.		56,179		9,595,544
E-Mart Co., Ltd.		25,018		4,881,380
Hyundai Greenfood Co., Ltd.		192,083		4,160,679
				18,637,603
Food Products: 7.9%
Ottogi Corp.		5,434		4,776,549
Orion Corp.		5,967		4,751,751
Binggrae Co., Ltd.		48,495		3,092,190
Daesang Corp.		112,977		2,946,025
				15,566,515
Household Products: 2.0%
LG Household & Health Care, Ltd.		5,404		3,910,817
Personal Products: 1.4%
Amorepacific Corp.		8,430		2,747,072
Total Consumer Staples				40,862,007
FINANCIALS: 13.4%
Banks: 6.2%
Shinhan Financial Group Co., Ltd.		216,481		7,570,784
KB Financial Group, Inc.		86,035		2,557,368
DGB Financial Group, Inc.		235,874		2,097,561
				12,225,713
Insurance: 3.9%
Dongbu Insurance Co., Ltd.		100,190		5,196,236
Samsung Fire & Marine Insurance Co., Ltd.		10,355		2,445,251
				7,641,487

	Shares		Value
Capital Markets: 3.3%
Shinyoung Securities Co., Ltd.		80,699	$	3,783,342
Kiwoom Securities Co., Ltd.		55,912		2,690,408
				6,473,750
Total Financials				26,340,950
INFORMATION TECHNOLOGY: 8.0%
Technology Hardware, Storage & Peripherals: 3.4%
Samsung Electronics Co., Ltd.		7,044		6,758,393
Internet Software & Services: 2.3%
Naver Corp.		10,510		4,555,411
Semiconductors & Semiconductor Equipment: 1.7%
SK Hynix, Inc.		67,859		1,935,374
Koh Young Technology, Inc.		50,895		1,476,137
				3,411,511
Electronic Equipment, Instruments & Components: 0.6%
Bixolon Co., Ltd.		84,519		1,050,377
Total Information Technology				15,775,692
INDUSTRIALS: 6.0%
Commercial Services & Supplies: 2.1%
KEPCO Plant Service & Engineering Co., Ltd.		41,246		4,210,551
Machinery: 1.5%
Hy-Lok Corp.		100,845		2,906,669
Trading Companies & Distributors: 1.2%
iMarketKorea, Inc.		98,161		2,438,791
Professional Services: 1.2%
SaraminHR Co., Ltd.		120,621		2,356,022
Total Industrials				11,912,033
TELECOMMUNICATION SERVICES: 4.7%
Wireless Telecommunication Services: 3.1%
SK Telecom Co., Ltd. ADR		246,900		6,024,360
Diversified Telecommunication Services: 1.6%
KT Corp. ADRb		241,200		3,152,484
Total Telecommunication Services				9,176,844
HEALTH CARE: 3.0%
Pharmaceuticals: 3.0%
Yuhan Corp.		13,026		2,680,432
Dong-A ST Co., Ltd.		23,987		2,336,330
DongKook Pharmaceutical Co., Ltd.		24,611		948,712
Total Health Care				5,965,474
MATERIALS: 2.2%
Chemicals: 2.2%
LG Chem, Ltd.		13,283		3,219,778
KPX Chemical Co., Ltd.		24,165		1,115,316
Total Materials				4,335,094
ENERGY: 1.8%
Oil, Gas & Consumable Fuels: 1.8%
SK Innovation Co., Ltd.b		23,026		1,917,795
S-Oil Corp.		28,652		1,524,631

Matthews Korea Fund	September 30, 2015
Schedule of Investmentsa (unaudited) (continued)

	Shares		Value
COMMON EQUITIES: SOUTH KOREA (continued)
Total Energy			$	3,442,426
TOTAL COMMON EQUITIES (Cost $112,668,669)				160,089,811
PREFERRED EQUITIES: SOUTH KOREA: 18.4%
CONSUMER STAPLES: 6.0%
Household Products: 3.0%
LG Household & Health Care, Ltd., Pfd.		17,786		6,000,777
Personal Products: 3.0%
Amorepacific Corp., Pfd.		37,590		5,924,479
Total Consumer Staples				11,925,256
INFORMATION TECHNOLOGY: 3.4%
Technology Hardware, Storage & Peripherals: 3.4%
Samsung Electronics Co., Ltd., Pfd.		8,675		6,734,107
Total Information Technology				6,734,107
CONSUMER DISCRETIONARY: 3.1%
Automobiles: 2.6%
Hyundai Motor Co., Ltd., 2nd Pfd.		53,516		5,159,118
Specialty Retail: 0.5%
Hotel Shilla Co., Ltd., Pfd.		14,236		858,008
Total Consumer Discretionary				6,017,126
FINANCIALS: 2.8%
Insurance: 2.8%
Samsung Fire & Marine Insurance Co., Ltd., Pfd.		39,526		5,568,588
Total Financials				5,568,588
MATERIALS: 2.3%
Chemicals: 2.3%
LG Chem, Ltd., Pfd.		27,910		4,493,893
Total Materials				4,493,893
ENERGY: 0.8%
Oil, Gas & Consumable Fuels: 0.8%
S-Oil Corp., Pfd.		44,934		1,546,640
Total Energy				1,546,640
TOTAL PREFERRED EQUITIES (Cost $23,652,946)				36,285,610
TOTAL INVESTMENTS: 99.6%				196,375,421
(Cost $136,321,615c)
CASH AND OTHER ASSETS, LESS LIABILITIES: 0.4%				784,674
NET ASSETS: 100.0%			$	197,160,095

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Non-income producing security.

c Cost for federal income tax purposes is $137,185,372 and net unrealized appreciation consists of:

Gross unrealized appreciation	$	65,350,968
Gross unrealized depreciation		(6,160,919	)
Net unrealized appreciation	$	59,190,049

ADR American Depositary Receipt

Pfd. Preferred

See accompanying notes to schedules of investments.

Matthews Asia Small Companies Fund	September 30, 2015
Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: 95.0%
CHINA/HONG KONG: 28.3%
Vitasoy International Holdings, Ltd.		10,604,000	$	15,764,840
Kerry Logistics Network, Ltd.		10,379,500		14,791,042
Fairwood Holdings, Ltd.		4,792,000		13,565,047
Lee’s Pharmaceutical Holdings, Ltd.		10,094,000		13,061,179
Clear Media, Ltd.		10,630,000		10,645,992
Qingdao Port International Co., Ltd. H Shares		22,616,000		10,181,053
Towngas China Co., Ltd.		16,092,000		9,891,444
China Distance Education Holdings, Ltd. ADR		736,600		9,413,748
Bitauto Holdings, Ltd. ADRb		305,900		9,106,643
Sunny Optical Technology Group Co., Ltd.		4,539,000		9,093,048
Lifetech Scientific Corp.b		56,972,000		8,267,628
Minth Group, Ltd.		4,586,000		8,210,433
Convenience Retail Asia, Ltd.		15,978,000		8,205,423
51job, Inc. ADRb		289,900		7,943,260
China Biologic Products, Inc.b		80,254		7,208,414
Phoenix New Media, Ltd. ADRb		1,473,556		6,454,175
eHi Car Services, Ltd. ADRb		507,796		5,885,356
YGM Trading, Ltd.		5,708,000		5,162,392
Stelux Holdings International, Ltd.		32,428,000		3,584,904
Total China/Hong Kong				176,436,021
TAIWAN: 16.9%
PChome Online, Inc.		1,399,241		16,131,608
Adlink Technology, Inc.		4,259,811		11,853,653
Voltronic Power Technology Corp.		907,847		11,813,936
Merida Industry Co., Ltd.		1,989,000		10,740,784
Sporton International, Inc.		1,775,094		10,321,285
TSC Auto ID Technology Co., Ltd.		1,499,100		10,022,101
Aerospace Industrial Development Corp.		8,026,000		9,601,727
Addcn Technology Co., Ltd.		942,500		8,474,021
FineTek Co., Ltd.†		3,208,920		8,083,694
Sinmag Equipment Corp.		2,189,517		7,987,310
Total Taiwan				105,030,119
INDIA: 15.4%
Mindtree, Ltd.		454,057		10,503,587
Bajaj Corp., Ltd.		1,497,027		10,232,650
GRUH Finance, Ltd.		2,164,292		8,791,008
Ipca Laboratories, Ltd.		747,315		8,456,348
AIA Engineering, Ltd.		515,228		7,805,935
Supreme Industries, Ltd.		781,316		7,363,558
Berger Paints India, Ltd.		2,174,029		7,285,993
Page Industries, Ltd.		33,163		6,710,836
Gujarat Pipavav Port, Ltd.b		2,368,308		6,710,733
Emami, Ltd.		355,325		6,255,755
CRISIL, Ltd.		217,039		6,076,971
Just Dial, Ltd.		353,008		5,303,947
LA Opala RG, Ltd.		530,648		4,498,809
Total India				95,996,130
SOUTH KOREA: 9.4%
i-SENS, Inc.b		413,372		13,114,277
Interpark Corp.		625,189		11,789,885

	Shares		Value
Hy-Lok Corp.		373,581	$	10,767,775
Ezwelfare Co., Ltd.†		855,970		9,623,642
Medy-Tox, Inc.		21,138		7,646,395
Binggrae Co., Ltd.		90,232		5,753,470
Total South Korea				58,695,444
INDONESIA: 6.6%
PT Sumber Alfaria Trijaya		172,892,000		6,726,856
PT Selamat Sempurna		21,478,000		6,553,356
PT AKR Corporindo		15,223,100		6,096,286
PT Bank Tabungan Pensiunan Nasionalb		29,834,300		5,926,130
PT Arwana Citramulia		159,244,000		4,857,359
PT Ultrajaya Milk Industry & Trading Co.b		17,446,900		4,762,658
PT Wismilak Inti Makmur		93,009,900		2,399,846
PT Astra Otoparts		20,759,825		2,200,134
PT Modern Internasionalb		122,534,800		1,547,368
Total Indonesia				41,069,993
SINGAPORE: 6.4%
Raffles Medical Group, Ltd.		3,318,800		10,544,357
ARA Asset Management, Ltd.		10,256,800		9,514,055
Super Group, Ltd.		11,846,400		6,424,444
Petra Foods, Ltd.		3,560,500		6,285,453
iFAST Corp., Ltd.		4,584,300		4,470,747
ISEC Healthcare, Ltd.		15,339,900		2,317,613
Total Singapore				39,556,669
THAILAND: 4.1%
Bangkok Chain Hospital Public Co., Ltd.		37,431,675		7,069,121
Supalai Public Co., Ltd.		13,475,100		6,808,470
Tisco Financial Group Public Co., Ltd.		5,402,710		5,285,829
Aeon Thana Sinsap Thailand Public Co., Ltd.		1,869,500		4,935,401
Aeon Thana Sinsap Thailand Public Co., Ltd. NVDR		453,600		1,197,485
Total Thailand				25,296,306
PHILIPPINES: 3.9%
Security Bank Corp.		3,522,097		10,352,655
RFM Corp.		85,175,200		7,290,439
Philippine Seven Corp.		1,454,751		2,981,710
Concepcion Industrial Corp.		2,858,800		2,446,555
Vista Land & Lifescapes, Inc.		11,844,100		1,276,587
Total Philippines				24,347,946
MALAYSIA: 3.5%
Karex BHD		13,488,550		9,971,849
7-Eleven Malaysia Holdings BHD		26,279,800		8,845,868
Oldtown BHD		10,071,500		2,914,218
Alliance Financial Group BHD		416,600		317,883
Total Malaysia				22,049,818
VIETNAM: 0.5%
DHG Pharmaceutical JSC		995,900		2,953,815
Total Vietnam				2,953,815

Matthews Asia Small Companies Fund	September 30, 2015
Schedule of Investmentsa (unaudited) (continued)

	Value
TOTAL INVESTMENTS: 95.0%	$	591,432,261
(Cost $598,283,313c)
CASH AND OTHER ASSETS, LESS LIABILITIES: 5.0%		30,883,472
NET ASSETS: 100.0%	$	622,315,733

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Non-income producing security.

c Cost for federal income tax purposes is $598,283,313 and net unrealized depreciation consists of:

Gross unrealized appreciation	$	97,023,095
Gross unrealized depreciation		(103,874,147	)
Net unrealized depreciation	($	6,851,052	)

† Affiliated Issuer, as defined under the Investment Company Act of 1940 (ownership of 5% or more of the outstanding voting securities of this issuer)

ADR American Depositary Receipt

BHD Berhad

JSC Joint Stock Co.

NVDR Non-voting Depositary Receipt

See accompanying notes to schedules of investments.

Matthews China Small Companies Fund	September 30, 2015
Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: 95.9%
INDUSTRIALS: 35.3%
Electrical Equipment: 9.6%
Voltronic Power Technology Corp.		64,261	$	836,240
Boer Power Holdings, Ltd.		487,000		824,274
FineTek Co., Ltd.		72,420		182,436
				1,842,950
Transportation Infrastructure: 6.7%
Yuexiu Transport Infrastructure, Ltd.		1,042,000		656,364
Qingdao Port International Co., Ltd. H Shares		730,000		328,624
Shenzhen International Holdings, Ltd.		226,000		311,244
				1,296,232
Professional Services: 6.1%
Sporton International, Inc.		106,113		616,994
51job, Inc. ADRb		20,324		556,878
				1,173,872
Machinery: 4.3%
TK Group Holdings, Ltd.		1,602,000		502,488
CIMC Enric Holdings, Ltd.		574,000		329,577
				832,065
Marine: 4.0%
SITC International Holdings Co., Ltd.		1,608,000		778,861
Air Freight & Logistics: 2.4%
Kerry Logistics Network, Ltd.		321,500		458,145
Road & Rail: 2.2%
eHi Car Services, Ltd. ADRb		36,000		417,240
Total Industrials				6,799,365
HEALTH CARE: 17.2%
Pharmaceuticals: 6.9%
Lee’s Pharmaceutical Holdings, Ltd.		739,500		956,880
SSY Group, Ltd.		1,521,022		361,462
				1,318,342
Biotechnology: 5.2%
China Biologic Products, Inc.b		10,400		934,128
Shanghai Haohai Biological Technology Co., Ltd. H Sharesb		10,700		62,404
				996,532
Life Sciences Tools & Services: 3.6%
WuXi PharmaTech Cayman, Inc. ADRb		16,200		700,002
Health Care Equipment & Supplies: 1.5%
Lifetech Scientific Corp.b		1,972,000		286,171
Total Health Care				3,301,047
INFORMATION TECHNOLOGY: 14.1%
Electronic Equipment, Instruments & Components: 8.5%
Sunny Optical Technology Group Co., Ltd.		341,000		683,130
PAX Global Technology, Ltd.		590,000		615,115
Technovator International, Ltd.b		512,000		328,962
China High Precision Automation Group, Ltd.b,c		195,000		7,548
				1,634,755
Technology Hardware, Storage & Peripherals: 3.4%
Adlink Technology, Inc.		234,777		653,307

	Shares		Value
Software: 1.3%
Chanjet Information Technology Co., Ltd. H Shares		141,400	$	245,545
Internet Software & Services: 0.9%
Phoenix New Media, Ltd. ADRb		39,400		172,572
Total Information Technology				2,706,179
CONSUMER DISCRETIONARY: 12.4%
Diversified Consumer Services: 4.5%
China Distance Education Holdings, Ltd. ADR		42,660		545,195
TAL Education Group ADRb		9,600		308,640
				853,835
Hotels, Restaurants & Leisure: 3.5%
Fairwood Holdings, Ltd.		162,000		458,585
Homeinns Hotel Group ADRb		7,550		216,987
				675,572
Auto Components: 2.7%
Minth Group, Ltd.		294,000		526,356
Media: 1.7%
Clear Media, Ltd.		330,000		330,496
Total Consumer Discretionary				2,386,259
FINANCIALS: 9.4%
Real Estate Management & Development: 6.4%
KWG Property Holding, Ltd.		1,031,500		681,192
Beijing Properties Holdings, Ltd.b		4,646,000		277,783
China Jinmao Holdings Group, Ltd.		1,078,000		272,665
				1,231,640
Capital Markets: 1.6%
Value Partners Group, Ltd.		323,000		303,873
Diversified Financial Services: 1.4%
China Merchants China Direct Investments, Ltd.		178,000		276,509
Total Financials				1,812,022
CONSUMER STAPLES: 5.0%
Food Products: 5.0%
Vitasoy International Holdings, Ltd.		288,000		428,166
Tenwow International Holdings, Ltd.		936,000		298,310
China Modern Dairy Holdings, Ltd.		784,000		240,121
Total Consumer Staples				966,597
UTILITIES: 2.5%
Gas Utilities: 2.5%
Towngas China Co., Ltd.		770,000		473,304
Total Utilities				473,304
TOTAL INVESTMENTS: 95.9%				18,444,773
(Cost $19,139,708d)
CASH AND OTHER ASSETS, LESS LIABILITIES: 4.1%				797,559
NET ASSETS: 100.0%			$	19,242,332

Matthews China Small Companies Fund	September 30, 2015
Schedule of Investmentsa (unaudited) (continued)

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Non-income producing security.

c Illiquid security, trading was halted at 9/30/15.

d Cost for federal income tax purposes is $19,185,630 and net unrealized depreciation consists of:

Gross unrealized appreciation	$	2,319,040
Gross unrealized depreciation		(3,059,897	)
Net unrealized depreciation	($	740,857	)

ADR American Depositary Receipt

See accompanying notes to schedules of investments.

Matthews Asia Science and Technology Fund	September 30, 2015
Schedule of Investmentsa (unaudited)

	Shares		Value
COMMON EQUITIES: 90.5%
CHINA/HONG KONG: 40.6%
Baidu, Inc. ADRb		79,900	$	10,979,059
JD.com, Inc. ADRb		238,700		6,220,522
Ctrip.com International, Ltd. ADRb		88,300		5,578,794
WuXi PharmaTech Cayman, Inc. ADRb		88,100		3,806,801
NetEase, Inc. ADR		31,000		3,723,720
CITIC Telecom International Holdings, Ltd.		10,732,000		3,683,888
CAR, Inc.b		2,239,000		3,240,932
China Biologic Products, Inc.b		34,400		3,089,808
Tencent Holdings, Ltd.		181,100		3,052,729
CSPC Pharmaceutical Group, Ltd.		3,292,000		2,898,502
Shanghai Jahwa United Co., Ltd. A Sharesc		521,641		2,788,985
Zhaopin, Ltd. ADRb		215,063		2,774,313
Vipshop Holdings, Ltd. ADRb		164,242		2,759,266
Qunar Cayman Islands, Ltd. ADRb		86,200		2,592,034
PAX Global Technology, Ltd.		773,000		805,905
Total China/Hong Kong				57,995,258
INDIA: 11.3%
Info Edge India, Ltd.		371,814		4,531,216
Lupin, Ltd.		113,328		3,518,414
Blue Dart Express, Ltd.		22,300		2,553,999
Bharti Infratel, Ltd.		394,137		2,135,625
Just Dial, Ltd.		125,653		1,887,937
Mindtree, Ltd.		65,378		1,512,373
Total India				16,139,564
JAPAN: 10.9%
Olympus Corp.		100,500		3,135,431
Hoya Corp.		88,200		2,888,717
Shimano, Inc.		18,600		2,613,223
Murata Manufacturing Co., Ltd.		14,200		1,834,278
Kao Corp.		39,200		1,776,969
Asahi Intecc Co., Ltd.		48,300		1,740,862
Keyence Corp.		3,700		1,652,339
Total Japan				15,641,819
SOUTH KOREA: 9.6%
Modetour Network, Inc.		123,384		4,007,503
Naver Corp.		8,733		3,785,196
iMarketKorea, Inc.		87,703		2,178,964
SaraminHR Co., Ltd.		111,120		2,170,444
Samsung Electronics Co., Ltd.		1,691		1,622,436
Total South Korea				13,764,543
TAIWAN: 9.1%
PChome Online, Inc.		307,526		3,545,411
Delta Electronics, Inc.		562,000		2,650,819
Merida Industry Co., Ltd.		477,000		2,575,844
Ennoconn Corp.		181,000		1,755,293
Largan Precision Co., Ltd.		21,000		1,638,944
Hermes Microvision, Inc.		21,000		800,499
Total Taiwan				12,966,810
SINGAPORE: 2.9%
Raffles Medical Group, Ltd.		751,600		2,387,953

	Shares		Value
iFAST Corp., Ltd.		1,802,100	$	1,757,462
Total Singapore				4,145,415
UNITED STATES: 2.3%
Cognizant Technology Solutions Corp. Class Ab		53,300		3,337,113
Total United States				3,337,113
THAILAND: 1.7%
Major Cineplex Group Public Co., Ltd.		2,714,900		2,391,713
Total Thailand				2,391,713
INDONESIA: 1.4%
PT Telekomunikasi Indonesia Persero ADR		55,100		1,964,315
Total Indonesia				1,964,315
VIETNAM: 0.7%
Mobile World Investment Corp.b		375,365		1,022,561
Total Vietnam				1,022,561
TOTAL COMMON EQUITIES (Cost $110,207,813)				129,369,111
PREFERRED EQUITIES: 5.2%
SOUTH KOREA: 5.2%
LG Household & Health Care, Ltd., Pfd.		14,270		4,814,522
Samsung Electronics Co., Ltd., Pfd.		3,362		2,609,806
Total South Korea				7,424,328
TOTAL PREFERRED EQUITIES (Cost $7,473,708)				7,424,328
TOTAL INVESTMENTS: 95.7% (Cost $117,681,521d)				136,793,439
CASH AND OTHER ASSETS, LESS LIABILITIES: 4.3%				6,086,586
NET ASSETS: 100.0%			$	142,880,025

a Certain securities were fair valued under the valuation polices approved by the Board of Trustees (Note A).

b Non-income producing security.

c Illiquid security, trading was halted at 9/30/15.

d Cost for federal income tax purposes is $117,831,532 and net unrealized appreciation consists of:

Gross unrealized appreciation	$	27,895,431
Gross unrealized depreciation		(8,933,524	)
Net unrealized appreciation	$	18,961,907

ADR American Depositary Receipt

Pfd. Preferred

See accompanying notes to schedules of investments.

Notes to Schedules of Investments (unaudited)

A. SECURITY VALUATION: The value of the Matthews Asia Funds’ (the “Trust” each a “Fund”, collectively the “Funds”) securities is based on market quotations for those securities, or on their fair value determined by the valuation policies approved by the Funds’ Board of Trustees (the “Board”). Market quotations and valuation information are provided by commercial pricing services or securities dealers that are independent of the Funds and Matthews International Capital Management, LLC (“Matthews”), in accordance with procedures established by the Funds’ Board. Foreign exchange-traded securities are valued as of the close of trading on the primary exchange on which they trade. Securities that trade in over-the-counter markets, including most debt securities (bonds), may be valued by other third-party vendors or by using indicative bid quotations from dealers or market makers, or other available market information. Market values for securities are determined based on quotations, market data or other information from the principal (or most advantageous) market on which the security is traded. Market quotations for equity securities used by the Funds include last reported sale prices, or, if such prices are not reported or available, bid and ask prices. Financial futures contracts traded on exchanges are valued at their settlement price. Foreign currency exchange contracts are valued at the mean between the bid and ask prices and are determined at the close of business on the New York Stock Exchange (“NYSE”). Interpolated values are derived when the settlement date of the contract is an interim date for which quotations are not available. The Funds may also utilize independent pricing services to assist them in determining a current market value for each security based on sources believed to be reliable.

The Board has delegated the responsibility of making fair value determinations to the Funds’ Valuation Committee (the “Valuation Committee”) subject to the Funds’ pricing policies. When fair value pricing is employed, the prices of securities used by a Fund to calculate its Net Asset Value (“NAV”) may differ from any quoted or published prices for the same securities for that day. All fair value determinations are made subject to the Board’s oversight. Events affecting the value of foreign investments may occur between the time at which they are determined and when the Funds calculate their NAV, which is normally the close of trading on the NYSE. If such events render market quotations unreliable, and the impact of such events can be reasonably determined, the investments will be valued at their fair value in accordance with pricing policies. The fair value of a security held by the Funds may be determined using the services of third-party pricing services to assist in this process.

The books and records of the Funds are maintained in U.S. dollars. Transactions, portfolio securities, and assets and liabilities denominated in a foreign currency are translated and recorded in U.S. dollars at the prevailing exchange rate as of the close of trading on the NYSE. Translation gains or losses resulting from changes in the exchange rate during the reporting period and realized gains and losses on the settlement of foreign currency transactions are reported in the results of operations for the current period. The Funds do not isolate that portion of gains and losses on investments in equity securities that is due to changes in foreign exchange rate from that which is due to changes in market prices of securities.

Foreign securities held by the Funds may be traded on days and at times when the NYSE is closed. Accordingly, the NAV of the Funds may be significantly affected on days when shareholders have no access to the Funds.

B. FAIR VALUE MEASUREMENTS: In accordance with the guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States (“U.S. GAAP”), the Funds disclose the fair value of their investments and derivative financial instruments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). Various inputs are used in determining the fair value of investments and derivative financial instruments, which are as follows:

Level 1: Quoted prices in active markets for identical securities.

Level 2: Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3: Significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments and derivative financial instruments).

Level 3 securities consisted of primarily of equities that, as of September 30, 2015, were suspended from trading. As described in Note A, these securities are valued based on their fair value as determined under the direction of the Board. The significant unobservable inputs, the methodology used for valuing such securities, and the characterization of such securities as Level 3 securities are not necessarily an indication of liquidity, or the risk associated with investing in these securities. A significant change in the unobservable inputs could result in a significantly lower or higher value in such Level 3 securities and could impact overall Fund performance. Level 2 equity securities consist primarily of securities that have been fair valued by third-party pricing services (see Note A).

The summary of inputs used to determine the fair valuation of the Fund’s investments as of September 30, 2015 is as follows:

	Matthews Asia		Matthews Asian
	Strategic		Growth and		Matthews Asia		Matthews Asia		Matthews Asia
	Income Fund		Income Fund		Dividend Fund		Focus Fund		Growth Fund
Assets:
Investments:
Level 1: Quoted Prices
China/Hong Kong	$	—	$	245,000,473	$	179,481,392	$	822,063	$	53,659,066
India		—		—		—		—		—
Indonesia		—		55,385,840		38,881,102		—		—
Japan		—		—		39,994,440		—		9,731,573
Luxembourg		—		—		—		—		—
Pakistan		—		—		—		—		7,570,401
Philippines		—		—		—		—		5,674,328
Singapore		—		28,958,475		59,442,521		—		—
South Korea		—		39,434,995		—		—		—
Sri Lanka		—		—		—		—		8,286,867
Taiwan		—		100,442,691		166,722,203		—		—
United States		—		—		—		702,843		—
Vietnam		—		—		—		—		—
Level 2: Other Significant Observable Inputs
Foreign Government Obligationsa		5,632,480		—		—		—		—
Non-Convertible Corporate Bondsa		42,825,134		—		—		—		—
Convertible Corporate Bondsa		11,836,579		249,751,589		—		—		—
Common Equities:
Australia		—		114,419,391		174,511,985		614,630		29,347,434
China/Hong Kong		—		732,108,645		1,430,696,890		3,675,968		59,034,591
India		—		—		117,136,953		279,628		103,062,013
Indonesia		—		27,572,765		118,090,711		545,052		57,275,841
Japan		—		205,702,741		1,335,621,185		294,692		345,297,551
Luxembourg		—		—		77,385,840		—		—
Malaysia		—		209,208,499		—		916,691		10,455,264
New Zealand		—		97,057,826		—		—		—
Philippines		256,264		54,059,514		72,863,993		—		32,747,117
Singapore		497,730		417,438,705		125,015,423		1,081,906		—
South Korea		—		232,340,192		249,523,227		350,201		14,571,781
Sri Lanka		—		—		—		—		20,765,915
Switzerland		—		—		—		385,398		—
Taiwan		—		55,767,578		69,077,653		424,814		16,310,626
Thailand		—		142,177,606		126,652,476		586,623		10,501,901
United Kingdom		—		34,167,278		—		—		—
Vietnam		—		69,631,617		60,255,581		—		9,635,349
Preferred Equities:
South Korea		—		105,081,540		137,055,525		—		—
Level 3: Significant Unobservable Inputs
Common Equities:
Sri Lanka		—		—		—		—		—
Non-Convertible Corporate Bondsa		1,715,200		—		—		—		—
Total Market Value of Investments	$	62,763,387	$	3,215,707,960	$	4,578,409,100	$	10,680,509	$	793,927,618

^a  Industry, countries, or security types are disclosed on the Schedule of Investments.

											Matthews China
	Matthews China		Matthews		Matthews		Matthews		Matthews		Small Companies
	Dividend Fund		China Fund		India Fund		Japan Fund		Korea Fund		Fund
Assets:
Investments:
Level 1: Quoted Prices
Common Equities:
Consumer Discretionary	$	4,365,360	$	40,022,070	$	2,868,678	$	—	$	—	$	1,070,822
Consumer Staples		—		—		50,407,192		—		—		298,310
Financials		—		—		94,659,645		—		—		—
Health Care		—		—		76,889,109		—		—		1,634,130
Industrials		—		—		20,738,657		—		4,210,551		974,118
Information Technology		4,196,313		30,865,926		65,596,497		15,621,161		—		172,572
Telecommunication Services		4,702,285		—		—		—		9,176,844		—
Preferred Equities:
Consumer Staples		—		—		—		—		—		—
Level 2: Other Significant Observable Inputs
Common Equities:
Consumer Discretionary		19,046,293		56,297,186		111,793,045		242,784,227		42,279,291		1,315,437
Consumer Staples		12,866,004		24,164,667		226,723,591		190,284,338		40,862,007		668,287
Energy		4,148,674		9,298,257		—		—		3,442,426		—
Financials		24,580,354		278,123,013		303,308,195		151,766,361		26,340,950		1,812,022
Health Care		3,154,657		45,784,675		160,531,994		174,316,631		5,965,474		1,666,917
Industrials		31,848,091		111,229,813		145,351,242		312,788,320		7,701,482		5,825,247
Information Technology		9,423,478		88,829,407		185,597,005		168,230,753		15,775,692		2,526,059
Materials		4,056,651		7,589,337		82,936,694		30,142,499		4,335,094		—
Telecommunication Services		8,420,931		—		—		—		—		—
Utilities		8,225,123		22,892,216		—		—		—		473,304
Preferred Equities:
Consumer Discretionary		—		—		—		—		6,017,126		—
Consumer Staples		—		—		—		—		11,925,256		—
Energy		—		—		—		—		1,546,640		—
Financials		—		—		—		—		5,568,588		—
Information Technology		—		—		—		—		6,734,107		—
Materials		—		—		—		—		4,493,893		—
Level 3: Significant Unobservable Inputs
Common Equities:
Consumer Staples		3,730,792		—		—		—		—		—
Health Care		—		—		—		—		—		—
Industrials		—		—		—		—		—		—
Information Technology		—		—		—		—		—		7,548
Total Market Value of Investments	$	142,765,006	$	715,096,567	$	1,527,401,544	$	1,285,934,290	$	196,375,421	$	18,444,773

	Matthews		Matthews		Matthews		Matthews Asia		Matthews Asia
	Pacific Tiger		Asia ESG		Emerging Asia		Small Companies		Science and
	Fund		Fund		Fund		Fund		Technology Fund
Assets:
Investments:
Level 1: Quoted Prices
Common Equities:
Bangladesh	$	—	$	61,055	$	18,057,728	$	—	$	—
China/Hong Kong		539,441,671		135,512		2,408,941		54,217,019		41,524,317
India		68,907,480		—		2,292,161		—		—
Indonesia		12,979,096		—		3,641,047		23,153,556		1,964,315
Japan		—		—		—		—		—
Luxembourg		—		—		—		—		—
Malaysia		—		—		—		—		—
Pakistan		—		118,177		11,334,630		—		—
Philippines		—		119,317		4,181,811		5,428,265		—
Singapore		—		104,086		—		11,831,668		—
South Korea		—		—		—		—		—
Sri Lanka		—		62,738		5,508,339		—		—
Thailand		—		—		—		—		—
United States		86,564,586		22,170		—		—		3,337,113
Vietnam		—		—		7,817,400				—
Warrants:
Malaysia		2,383,453		—		—		—		—
Thailand		—		—		11,372		—		—
Level 2: Other Significant Observable Inputs
Common Equities:
Australia		—		60,090		1,773,146		—		—
Bangladesh		—		—		6,956,278		—		—
Cambodia		—		—		1,700,602		—		—
China/Hong Kong		1,487,853,115		1,060,257		14,952,345		122,219,002		13,681,956
India		1,232,426,435		817,932		16,019,845		95,996,130		16,139,564
Indonesia		358,551,620		113,586		9,805,340		17,916,437		—
Japan		—		279,107		—		—		15,641,819
Luxembourg		—		72,203		—		—		—
Malaysia		220,863,086		—		—		22,049,818		—
Pakistan		—		—		19,608,285		—		—
Philippines		186,207,594		98,053		5,938,775		18,919,681		—
Singapore		31,121,336		47,664		1,412,890		27,725,001		4,145,415
South Korea		1,037,029,541		391,573		—		58,695,444		13,764,543
Sri Lanka		—		—		9,771,990		—		—
Switzerland		170,537,576		—		—		—		—
Taiwan		383,196,580		620,945		—		105,030,119		12,966,810
Thailand		343,722,801		200,835		4,127,783		25,296,306		2,391,713
Vietnam		126,256,493		—		11,914,637		2,953,815		1,022,561
Preferred Equities:
South Korea		—		—		—		—		7,424,328
Level 3: Significant Unobservable Inputs
Common Equities:
China/Hong Kong		11,870,427		—		—		—		2,788,985
Total Market Value of Investments		6,299,912,890	$	4,385,300	$	159,235,345	$	591,432,261		136,793,439

^a  Industry, countries, or security types are disclosed on the Schedule of Investments.

Foreign securities that are valued based on market quotations are categorized as Level 1 in the fair value hierarchy (see Note B). Certain foreign securities may be fair valued by external pricing services when the Funds determine that events affecting the value of foreign securities which occur between the time at which they are determined and the close of trading on the NYSE render market quotations unreliable. Such fair valuations are typically categorized as Level 2 in the fair value hierarchy. The Funds’ policy is to recognize transfers in and transfers out as of the beginning of the reporting period. At September 30, 2015, the Funds utilized third party pricing services to fair value certain securities, some of which were different than securities which were valued by those third party pricing services at December 31, 2014. As a result, certain securities held by the Funds were transferred from Level 2 into Level 1 and certain securities held by the Funds were transferred from Level 1 to Level 2 with beginning of period values as follows:

	Transfer to Level 1 from Level 2		Transfer to Level 2 from Level 1
Matthews Asian Growth and Income Fund	$	92,731,522	$	—
Matthews Asia Dividend Fund		72,363,818		105,927,798
Matthews China Dividend Fund		—		8,897,745
Matthews Asia Growth Fund		5,324,923		35,493,508
Matthews Pacific Tiger Fund		89,462,165		152,036,514
Matthews Emerging Asia Fund		16,256,735		21,305,038
Matthews China Fund		—		—
Matthews India Fund		115,181,978		131,114,911
Matthews Japan Fund		—		7,076,440
Matthews Korea Fund		3,780,464		12,249,730
Matthews Asia Small Companies Fund		36,522,783		70,237,913
Matthews Asia Science and Technology Fund		—		1,997,151

A reconciliation of Level 3 investments for which significant unobservable inputs were used to determine value are as follows:

	Matthews Asia			Matthews			Matthews			Matthews		Matthews			Matthews			Matthews			Matthews			Matthews
	Strategic			Pacific Tiger			China Small			China Small		China Dividend			China Dividend			China Dividend			China Dividend			Asia Science and
	Income Fund			Fund			Companies Fund			Companies Fund		Fund			Fund			Fund			Fund			Technology Fund
	Non-Convertible Corporate Bond			Common Equities - Industials			Common Equities - Industrials			Common Equities - Information Technology		Common Equities - Consumer Discretionary			Common Equities - Industrials			Common Equities - Information Technology			Common Equities - Consumer Staples			Common Equities - China/ Hong Kong
Balance as of 12/31/14 (market value)	$	—		$	—		$	898,951		$	7,544	$	5,999,103		$	4,694,035		$	3,526,660		$	—		$	—
Accrued discounts/premiums		(2,075	)		—			—			—		—			—			—			—			—
Realized gain/(loss)		—			—			145,383			—		3,311,999			2,037,781			3,827,643			(226,107	)		—
Change in unrealized (depreciation)		(152,725	)		(2,183,326	)		(172,985	)		4		(1,556,432	)		(2,011,672	)		(727,248	)		(1,624,424	)		(811,714	)
Purchases		—			14,053,753			71,642			—		—			1,302,855			—			5,970,283			3,600,699
Sales		—			—			(942,991	)		—		(7,754,670	)		(6,022,999	)		(6,627,055	)		(388,960	)		—
Transfers in to Level 3*		1,870,000			—			—			—		—			—			—			—			—
Transfers out of Level 3*		—			—			—			—		—			—			—			—			—
Balance as of 9/30/15 (market value)	$	1,715,200		$	11,870,427		$	—		$	7,548	$	—		$	—		$	—		$	3,730,792		$	2,788,985
Net change in unrealized appreciation/depreciation on Level 3 investments held as of 9/30/15	($	152,725	)	($	2,183,326	)	($	172,985	)	$	4	($	1,556,432	)	($	2,011,672	)	($	727,248	)	($	1,624,424	)	($	811,714	)

* The Fund’s policy is to recognize transfers in and transfers out as of the beginning of the reporting period.

Certain foreign securities, for which market quotations are not readily available, may be fair valued and classified as either Level 2 or Level 3. When the underlying inputs include significant observable inputs obtained from sources independent of the Funds, the securities are classified as Level 2. These inputs include evaluated prices from the Funds’ pricing vendors, day-on-day price changes, primary and ancillary pricing sources, and other available independent market indicators of value. When the underlying inputs include significant unobservable inputs and reflect assumptions of market participants, the securities are classified as Level 3. As of September 30, 2015, the Funds that previously used quoted prices or observable inputs now also utilize significant unobservable inputs for

certain securities that were suspended from trading. As a result, certain securities held by the Funds that were previously classified as Level 1 or Level 2 was transferred to Level 3. Certain securities held by the Funds that were suspended from trading and classified as Level 3 on December 31, 2014 subsequently resumed trading and were transferred from Level 3 to Level 1, Level 2 or were sold.

C. DERIVATIVE FINANCIAL INSTRUMENTS

Matthews Asia Strategic Income Fund engages in derivative transactions for a variety of purposes, including managing interest rate, currency and credit exposure. In particular, the Fund may seek to take on currency exposure by using derivatives such as currency forwards, and the Fund may also employ a currency overlay strategy in an effort to enhance returns and moderate volatility. Derivative financial instruments and transactions in which the Fund may engage include financial futures contracts and/or forward foreign currency exchange contracts. The currency overlay strategy involves long and short positions on one or more currencies. As a result, the Fund’s exposure to a currency could exceed the value of the Fund’s assets and the Fund could be exposed to currency risk whether or not it holds a bond or other instrument denominated in that currency. The gross notional value of derivative financial instruments and transactions could exceed the value of the Fund’s net assets, although the net market value of these instruments and transactions, on a marked-to-market basis, at most times, is expected to be substantially lower. The primary risks associated with the use of derivative financial instruments are: (i) Matthews may not correctly predict the direction of currency exchange rates, interest rates, security prices, or other economic factors; (ii) Matthews may not correctly predict changes in the value of derivative financial instruments and related underlying instruments or assets, which may result in disproportionately increased losses and/or reduced opportunities for gains; (iii) imperfect correlation between the change in market value of the securities held by the Fund and the price of financial futures contracts; (iv) the lack of, or a reduction in the liquidity of, any secondary market for the instrument, and the resulting inability to close the position (or exit the position) when desired; (v) losses, which are potentially unlimited, due to unanticipated market movements; (vi) the value of the instrument may change unfavorably due to movements in the value of the referenced foreign currencies; (vii) the Fund may suffer disproportionately heavy losses relative to the amount invested; (viii) changes in the value of the derivatives may not match or fully offset changes in the value of hedged or related portfolio securities, thereby failing to achieve the hedging or investment purpose for the derivative transaction; and (ix) the other party to the instrument may fail to fulfill its obligation.

Financial Futures Contracts: Financial futures contracts are agreements between the Fund and a counterparty to buy or sell a specific quantity of an underlying instrument at a specified price and at a specified date. Depending on the terms of the particular contract, futures contracts are settled either through physical delivery of the underlying instrument on the settlement date or by payment of a cash settlement amount on settlement date. Pursuant to the contract, the Fund agrees to receive from or pay an amount of cash equal to the daily fluctuation in value of the contract. Such receipts or payments are known as variation margin and are recorded by the Fund as unrealized appreciation or depreciation. When the contract is closed, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Forward Foreign Currency Exchange Contracts: A forward foreign currency exchange contract is an agreement between two parties to buy and sell a currency at a set exchange rate on a future date. The contract is marked-to-market daily and the change in market value is recorded by the Fund as an unrealized gain or loss. When the contract is closed, the Fund records a realized gain or loss equal to the difference between the value at the time it was opened and the value at the time it was closed.

D. HOLDINGS OF 5% VOTING SHARES OF PORTFOLIO COMPANIES

The 1940 Act defines “affiliated companies” to include investments in portfolio companies in which a fund owns 5% or more of the outstanding voting shares. During the period ended September 30, 2015, the Funds below held 5% or more of the outstanding voting shares of the noted portfolio companies. During this period, other Funds in the Trust may also have held voting shares of the issuers at levels below 5%.

Investments in affiliates:

A summary of transactions in securities of issuers affiliated with a Fund for the period ended September 30, 2015 is as follows:

	Shares Held at		Shares			Shares		Shares Held at		Value at
	Dec. 31, 2014		Purchased			Sold		Sept. 30, 2015		Sept. 30, 2015
MATTHEWS ASIAN GROWTH AND INCOME FUND
Name of Issuer:
CITIC Telecom International Holdings, Ltd.†		188,818,250		—			188,818,250		—	$	—
Total Affiliates										$	—
MATTHEWS ASIA DIVIDEND FUND
Name of Issuer:
Anritsu Corp.		6,853,300		1,204,800			493,600		7,564,500	$	46,013,778
Ascendas India Trust		55,065,000		—			1,594,300		53,470,700		32,126,382
Breville Group, Ltd.		10,847,453		—			203,434		10,644,019		44,346,625
CapitaLand Retail China Trust, REIT		52,179,400		—			8,947,000		43,232,400		41,548,158
China Machinery Engineering Corp. H Shares		—		53,737,000			1,414,000		52,323,000		45,223,848
Greatview Aseptic Packaging Co., Ltd.		110,945,000		—			86,000		110,859,000		51,762,923
Minth Group, Ltd.		61,267,000		—			1,732,000		59,535,000		106,587,035
Pigeon Corp.†		2,377,800		4,755,600	††		3,327,300		3,806,100		—
Springland International Holdings, Ltd.†		138,171,000		—			138,171,000		—		—
St. Shine Optical Co., Ltd. †		2,674,000		1,057,000			1,348,000		2,383,000		—
Xingda International Holdings, Ltd. H Shares†		87,141,000		—			87,141,000		—		—
Yuexiu Transport Infrastructure, Ltd.		109,490,000		—			168,000		109,322,000		68,862,795
Total Affiliates										$	436,471,544
MATTHEWS PACIFIC TIGER FUND
Name of Issuer:
Cheil Worldwide, Inc.		6,420,440		—			266,143		6,154,297	$	95,088,408
Dongbu Insurance Co., Ltd.†		4,020,500		—			621,381		3,399,119		—
Fuyao Glass Industry Group Co., Ltd. H Shares		—		30,836,000			—		30,836,000		58,950,444
Green Cross Corp.		1,008,655		—			43,805		964,850		152,914,024
Hyflux, Ltd.		65,284,280		—			1,341,500		63,942,780		31,121,336
Synnex Technology International Corp.		102,065,354		—			3,874,000		98,191,354		98,227,231
Tata Power Co., Ltd.		162,545,436		13,000,000			9,925,000		165,620,436		164,257,211
Total Affiliates										$	600,558,654
MATTHEWS INDIA FUND
Name of Issuer:
eClerx Services, Ltd.		1,189,293		1,216,925			40,000		2,366,218	$	57,343,359
VST Industries, Ltd.		855,933		359,771			—		1,215,704		29,718,444
Total Affiliates										$	87,061,803
MATTHEWS JAPAN FUND
Name of Issuer:
AIT Corp.		678,700		499,000			47,400		1,130,300	$	8,780,673
Daiken Medical Co., Ltd.		711,600		902,100					1,613,700		13,318,856
eGuarantee, Inc.		401,000		328,200					729,200		13,672,925
MORESCO Corp.		400,300		374,200					774,500		10,198,122
N Field Co., Ltd.		276,800		687,900					964,700		12,195,901
Total Affiliates										$	58,166,477
MATTHEWS ASIA SMALL COMPANIES FUND
Name of Issuer:
Ezwelfare Co., Ltd.		742,858		131,365			18,253		855,970	$	9,623,642
FineTek Co., Ltd.		—		3,208,920	†††		—		3,208,920		8,083,694
SaraminHR Co., Ltd.†		682,434		—			682,434		—		—
PT Wismilak Inti Makmur†		107,640,100		6,710,500			21,340,700		93,009,900		—
Total Affiliates										$	17,707,336

^†  Issuer was not an affiliated company as of September 30, 2015.

^††  Includes stock split during the period.

^†††  Includes stock dividend during the period.

E. INCOME TAX INFORMATION

Under current tax law, the Funds have elected to defer certain qualified late-year losses and recognize such losses in the year ending December 31, 2015.

	Late Year Losses*
Matthews Asia Strategic Income Fund	$	209,651
Matthews China Dividend Fund		586,052
Matthews Asia Growth Fund		3,220,533
Matthews Emerging Asia Fund		137,282
Matthews Japan Fund		817,239
Matthews China Small Companies Fund		33,976
Matthews Asia Science and Technology Fund		787

* The Funds have elected to defer certain qualified late-year losses and recognize such losses in the next fiscal year.

For federal income tax purposes, the Funds indicated below have capital loss carryforwards as of December 31, 2014, which expire in the year indicated, which are available to offset future capital gains, if any:

							Amount With No Expiration*
							Short-term		Long-term
LOSSES DEFERRED EXPIRING IN:	2016		2017		2018		Losses		Losses		Total
Matthews Asia Strategic Income Fund	$	—	$	—	$	—	$	1,178,601	$	131,017	$	1,309,618
Matthews Asia Dividend Fund		—		—		—		67,300,117		115,478,982		182,779,099
Matthews Asia Growth Fund		—		26,429,909		—		—		—		26,429,909
Matthews Japan Fund		44,233,750		44,032,426		—		—		—		88,266,176
Matthews Asia Small Companies Fund		—		—		—		5,443,681		—		5,443,681
Matthews China Small Companies Fund		—		—		—		734,068		—		734,068

* Post-Enactment Losses: Must be utilized prior to losses subject to expiration.

Under the Regulated Investment Company Modernization Act of 2010, the Funds are permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to any losses incurred in pre-enactment taxable years, which generally expire after eight years from when they are incurred. Additionally, post-enactment capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law.

For additional information regarding the accounting policies of the Matthews Asia Funds, refer to the most recent financial statements in the N-CSR filing at www.sec.gov.

Item 2. Controls and Procedures.

(a) The registrant’s principal executive and principal financial officers have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) were effective, as of a date within 90 days of the filing date of this report, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d))) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications for the principal executive officer and the principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act are attached hereto as exhibits.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)                                  Matthews International Funds

By (Signature and Title)*	/s/ William J. Hackett
	William J. Hackett, President
	(principal executive officer)

Date     November 20, 2015

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*	/s/ William J. Hackett
	William J. Hackett, President
	(principal executive officer)

Date     November 20, 2015

By (Signature and Title)*	/s/ Shai Malka
	Shai Malka, Treasurer
	(principal financial officer)

Date     November 20, 2015

^* Print the name and title of each signing officer under his or her signature.

EX-99.CERT

CERTIFICATIONS

I, William J. Hackett, certify that:

1. I have reviewed this report on Form N-Q of Matthews International Funds;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:  November 20, 2015	/s/ William J. Hackett
	William J. Hackett, President
	(principal executive officer)

CERTIFICATIONS

I, Shai Malka, certify that:

1. I have reviewed this report on Form N-Q of Matthews International Funds;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:  November 20, 2015	/s/ Shai Malka
	Shai Malka, Treasurer
	(principal financial officer)