0001752724-19-172847.txt : 20191122 0001752724-19-172847.hdr.sgml : 20191122 20191121181818 ACCESSION NUMBER: 0001752724-19-172847 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190930 FILED AS OF DATE: 20191122 PERIOD START: 20191231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MATTHEWS INTERNATIONAL FUNDS CENTRAL INDEX KEY: 0000923184 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-08510 FILM NUMBER: 191238254 BUSINESS ADDRESS: STREET 1: FOUR EMBARCADERO CENTER STREET 2: SUITE 550 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 8007898742 MAIL ADDRESS: STREET 1: FOUR EMBARCADERO CENTER STREET 2: SUITE 550 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 0000923184 S000001032 MATTHEWS CHINA FUND C000002790 Investor Class Shares MCHFX C000093224 Institutional Class Shares MICFX NPORT-P 1 primary_doc.xml NPORT-P false 0000923184 XXXXXXXX S000001032 C000093224 C000002790 Matthews International Funds 811-08510 0000923184 5493007IYPQKGSDVTS49 Four Embarcadero Center Suite 550 San Francisco 94111 415-788-7553 Matthews China Fund S000001032 549300R3S4J2UHBQ6F50 2019-12-31 2019-09-30 N 798062496.28 1478860.62 796583635.66 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 42692832.17000000 N CIFI Holdings Group Co Ltd 549300WGKSV867C0JF48 CIFI Holdings Group Co Ltd 000000000 21900000.00000000 NS 12798958.29000000 1.606731260477 Long EC CORP CN N 2 N N N BRILLIANCE CHI 5299005WPCSQN14NBM26 Brilliance China Automotive Holdings Ltd 000000000 16930000.00000000 NS 18187367.38000000 2.283171102922 Long EC CORP HK N 2 N N N Agricultural Bank of China Ltd 549300E7TSGLCOVSY746 Agricultural Bank of China Ltd 000000000 72620000.00000000 NS 28437711.07000000 3.569959235534 Long EC CORP CN N 2 N N N CHINA OVS PPT N/A China Overseas Property Holdings Ltd 000000000 24260000.00000000 NS 11979890.53000000 1.503908691279 Long EC CORP HK N 2 N N N NCI 529900QCDGPLPB62KH67 New China Life Insurance Co Ltd 000000000 7274600.00000000 NS 28748242.41000000 3.608942127737 Long EC CORP CN N 2 N N N CITIC Securities Co Ltd 300300E1006744000068 CITIC Securities Co Ltd 000000000 4450500.00000000 NS 8338182.13000000 1.046742834867 Long EC CORP CN N 2 N N N China East Education Holdings N/A China East Education Holdings Ltd 000000000 2963000.00000000 NS 5408311.42000000 0.678938303260 Long EC CORP CN N 2 N N N AIA Group Ltd ZP5ILWVSYE4LJGMMVD57 AIA Group Ltd 000000000 2625200.00000000 NS 24758391.93000000 3.108071873644 Long EC CORP HK N 2 N N N Times China Holdings Ltd 2549000KTINB9ZPZP710 Times China Holdings Ltd 000000000 9295000.00000000 NS 14477969.66000000 1.817507793516 Long EC CORP CN N 2 N N N Tencent Holdings Ltd 254900N4SLUMW4XUYY11 Tencent Holdings Ltd 000000000 1821300.00000000 NS 76181195.90000000 9.563489945017 Long EC CORP CN N 2 N N N Ctrip.com International Ltd 2549004RMYDSRQL4KW41 Ctrip.com International Ltd 22943F100 386900.00000000 NS USD 11332301.00000000 1.422612829676 Long EC CORP CN N 1 N N N CHINA INTERNATIONAL TRAVEL SERVICE CORP LTD N/A CHINA INTERNATIONAL TRAVEL SERVICE CORP LTD 000000000 784878.00000000 NS 10232173.99000000 1.284507179402 Long EC CORP CN N 2 N N N FOCUS MEDIA INFORMATION TECHNOLOGY CO LTD N/A FOCUS MEDIA INFORMATION TECHNOLOGY CO LTD 000000000 7504767.00000000 NS 5515756.73000000 0.692426568043 Long EC CORP CN N 2 N N N ANHUI CONCH CEMENT CO LTD 529900HS6X8TTV0FHV63 ANHUI CONCH CEMENT CO LTD 000000000 1168529.00000000 NS 6774286.90000000 0.850417532665 Long EC CORP CN N 2 N N N PING AN 529900M9MC28JLN35U89 Ping An Insurance Group Co of China Ltd 000000000 1457000.00000000 NS 16746344.60000000 2.102270728437 Long EC CORP CN N 2 N N N KWEICHOW MOUTAI CO LTD N/A KWEICHOW MOUTAI CO LTD 000000000 108123.00000000 NS 17428062.17000000 2.187850890956 Long EC CORP CN N 2 N N N China Construction Bank Corp 5493001KQW6DM7KEDR62 China Construction Bank Corp 000000000 39061660.00000000 NS 29763393.09000000 3.736380181264 Long EC CORP CN N 2 N N N Ping An Healthcare and Technol 2549009NW1LO017CP285 Ping An Healthcare and Technology Co Ltd 000000000 1396400.00000000 NS 8170890.90000000 1.025741746907 Long EC CORP CN N 2 N N N LUXSHARE PRECISION INDUSTRY CO LTD N/A LUXSHARE PRECISION INDUSTRY CO LTD 000000000 3397411.00000000 NS 12747210.46000000 1.600235039907 Long EC CORP CN N 2 N N N AVIC JONHON OPTRONIC TECH-A N/A AVIC JONHON OPTRONIC TECH-A 000000000 1432584.00000000 NS 8268500.72000000 1.037995302671 Long EC CORP CN N 2 N N N CICC 529900OS3SVVTT56QN67 China International Capital Corp Ltd 000000000 8960800.00000000 NS 17391884.18000000 2.183309247319 Long EC CORP CN N 2 N N N JD.com Inc 549300HVTWB0GJZ16V92 JD.com Inc 47215P106 1081379.00000000 NS USD 30505701.59000000 3.829566692607 Long EC CORP CN N 1 N N N WANHUA CHEMICAL GROUP CO LTD N/A WANHUA CHEMICAL GROUP CO LTD 000000000 2581250.00000000 NS 15991553.43000000 2.007517191430 Long EC CORP CN N 2 N N N Chinasoft International Ltd N/A Chinasoft International Ltd 000000000 19134000.00000000 NS 8439056.60000000 1.059406222048 Long EC CORP CN N 2 N N N PING AN INSURANCE GROUP CO OF 529900M9MC28JLN35U89 PING AN INSURANCE GROUP CO OF CHINA LTD 000000000 1933411.00000000 NS 23600075.30000000 2.962661325630 Long EC CORP CN N 2 N N N China Resources Land Ltd 5299001HL0TU7X15HK51 China Resources Land Ltd 000000000 4990000.00000000 NS 20901249.47000000 2.623861266329 Long EC CORP HK N 2 N N N Sino Biopharmaceutical Ltd 529900LPR4ADFEJAR786 Sino Biopharmaceutical Ltd 000000000 18209000.00000000 NS 23119405.79000000 2.902319951732 Long EC CORP HK N 2 N N N WULIANGYE YIBIN CO LTD N/A WULIANGYE YIBIN CO LTD 000000000 735947.00000000 NS 13392208.81000000 1.681205614888 Long EC CORP CN N 2 N N N 58.com Inc 549300R31W8UMZCTNF95 58.com Inc 31680Q104 285600.00000000 NS USD 14082936.00000000 1.767916809931 Long EC CORP CN N 1 N N N ICBC 5493002ERZU2K9PZDL40 Industrial & Commercial Bank of China Ltd 000000000 45325000.00000000 NS 30364823.83000000 3.811881448561 Long EC CORP CN N 2 N N N Galaxy Entertainment Group Ltd 549300ZSEBV3HR826S10 Galaxy Entertainment Group Ltd 000000000 1744000.00000000 NS 10812323.15000000 1.357336840222 Long EC CORP HK N 2 N N N Alibaba Group Holding Ltd 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd 01609W102 609500.00000000 NS USD 101926685.00000000 12.79547814405 Long EC CORP CN N 1 N N N Zhongsheng Group Holdings Ltd 3003005VYMEBAJNJ2Y26 Zhongsheng Group Holdings Ltd 000000000 4147500.00000000 NS 13103505.46000000 1.644962923339 Long EC CORP CN N 2 N N N LEPU MEDICAL TECHNOLOGY-A N/A LEPU MEDICAL TECHNOLOGY-A 000000000 4280295.00000000 NS 15026279.00000000 1.886340407627 Long EC CORP CN N 2 N N N SINA Corp/China 549300ICDICMKPZEUY61 SINA Corp/China 000000000 192400.00000000 NS USD 7540156.00000000 0.946561749759 Long EC CORP CN N 1 N N N MIDEA GROUP CO LTD N/A MIDEA GROUP CO LTD 000000000 2795652.00000000 NS 20039139.41000000 2.515635334812 Long EC CORP CN N 2 N N N Wuxi Biologics Cayman Inc 5493001TD2TH6VDTJU11 Wuxi Biologics Cayman Inc 000000000 770500.00000000 NS 7856713.50000000 0.986301142564 Long EC CORP CN N 2 N N N HKEX 213800YTVSXYQN17BW16 Hong Kong Exchanges & Clearing Ltd 000000000 355600.00000000 NS 10422651.70000000 1.308419007548 Long EC CORP HK N 2 N N N Momo Inc 549300YMGLID32W48529 Momo Inc 60879B107 437400.00000000 NS USD 13550652.00000000 1.701095954447 Long EC CORP CN N 1 N N N 2019-11-13 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA400MATChinaFund.htm NPORT_EX
Matthews China Fund    September 30, 2019
Schedule of Investmentsa (unaudited)   
COMMON EQUITIES: 94.8%   

 

      Shares                     Value  

CONSUMER DISCRETIONARY: 27.8%

             

Internet & Direct Marketing Retail: 18.1%

     

Alibaba Group Holding, Ltd. ADRb

   609,500     $101,926,685  

JD.com, Inc. ADRb

   1,081,379     30,505,702  

Ctrip.com International, Ltd. ADRb

   386,900     11,332,301  
    

 

 

 

       143,764,688  
    

 

 

 

Hotels, Restaurants & Leisure: 2.6%

     

Galaxy Entertainment Group, Ltd.

    1,744,000     10,812,323  

China International Travel Service Corp., Ltd. A Shares

    784,878     10,232,174  
    

 

 

 

       21,044,497  
    

 

 

 

Household Durables: 2.5%

     

Midea Group Co., Ltd. A Shares

    2,795,652     20,039,139  
    

 

 

 

Automobiles: 2.3%

     

Brilliance China Automotive Holdings, Ltd.

    16,930,000     18,187,367  
    

 

 

 

Specialty Retail: 1.6%

     

Zhongsheng Group Holdings, Ltd.

    4,147,500     13,103,506  
    

 

 

 

Diversified Consumer Services: 0.7%

     

China East Education Holdings, Ltd.b,c,d

   2,963,000     5,408,312  
    

 

 

 

Total Consumer Discretionary

        221,547,509  
    

 

 

 

    

FINANCIALS: 27.5%

             

Insurance: 11.8%

     

New China Life Insurance Co., Ltd. H Shares

    7,274,600     28,748,242  

AIA Group, Ltd.

    2,625,200     24,758,392  

Ping An Insurance Group Co. of China, Ltd. A Shares

    1,933,411     23,600,075  

Ping An Insurance Group Co. of China, Ltd. H Shares

    1,457,000     16,746,345  
    

 

 

 

       93,853,054  
    

 

 

 

Banks: 11.1%

     

Industrial & Commercial Bank of China, Ltd. H Shares

    45,325,000     30,364,824  

China Construction Bank Corp. H Shares

    39,061,660     29,763,393  

Agricultural Bank of China, Ltd. H Shares

    72,620,000     28,437,711  
    

 

 

 

       88,565,928  
    

 

 

 

Capital Markets: 4.6%

     

China International Capital Corp., Ltd. H Sharesc,d

   8,960,800     17,391,884  

Hong Kong Exchanges & Clearing, Ltd.

    355,600     10,422,652  

CITIC Securities Co., Ltd. H Shares

    4,450,500     8,338,182  
    

 

 

 

       36,152,718  
    

 

 

 

Total Financials

        218,571,700  
    

 

 

 

    

COMMUNICATION SERVICES: 14.7%

             

Interactive Media & Services: 14.0%

     

Tencent Holdings, Ltd.

    1,821,300     76,181,196  

58.com, Inc. ADRb

   285,600     14,082,936  

Momo, Inc. ADR

    437,400     13,550,652  

SINA Corp.b

   192,400     7,540,156  
    

 

 

 

       111,354,940  
    

 

 

 

      Shares                     Value  

Media: 0.7%

     

Focus Media Information Technology Co., Ltd. A Shares

    7,504,767     $5,515,757  
    

 

 

 

Total Communication Services

        116,870,697  
    

 

 

 

    

REAL ESTATE: 7.6%

             

Real Estate Management & Development: 7.6%

  

China Resources Land, Ltd.

    4,990,000     20,901,249  

Times China Holdings, Ltd.

    9,295,000     14,477,970  

CIFI Holdings Group Co., Ltd.

    21,900,000     12,798,958  

China Overseas Property Holdings, Ltd.

    24,260,000     11,979,891  
    

 

 

 

Total Real Estate

        60,158,068  
    

 

 

 

    

HEALTH CARE: 6.8%

             

Pharmaceuticals: 2.9%

     

Sino Biopharmaceutical, Ltd.

    18,209,000     23,119,406  
    

 

 

 

Health Care Equipment & Supplies: 1.9%

     

Lepu Medical Technology Beijing Co., Ltd. A Shares

    4,280,295     15,026,279  
    

 

 

 

Health Care Technology: 1.0%

     

Ping An Healthcare and Technology Co., Ltd.b,c,d

   1,396,400     8,170,891  
    

 

 

 

Life Sciences Tools & Services: 1.0%

     

Wuxi Biologics Cayman, Inc.b,c,d

   770,500     7,856,713  
    

 

 

 

Total Health Care

        54,173,289  
    

 

 

 

    

CONSUMER STAPLES: 3.9%

             

Beverages: 3.9%

     

Kweichow Moutai Co., Ltd. A Shares

    108,123     17,428,062  

Wuliangye Yibin Co., Ltd. A Shares

    735,947     13,392,209  
    

 

 

 

Total Consumer Staples

        30,820,271  
    

 

 

 

    

INFORMATION TECHNOLOGY: 3.7%

             

Electronic Equipment, Instruments & Components: 2.6%

 

Luxshare Precision Industry Co., Ltd. A Shares

    3,397,411     12,747,210  

AVIC Jonhon Optronic Technology Co., Ltd. A Shares

    1,432,584     8,268,501  
    

 

 

 

       21,015,711  
    

 

 

 

IT Services: 1.1%

     

Chinasoft International, Ltd.

    19,134,000     8,439,057  
    

 

 

 

Total Information Technology

        29,454,768  
    

 

 

 

    

MATERIALS: 2.8%

             

Chemicals: 2.0%

     

Wanhua Chemical Group Co., Ltd. A Shares

    2,581,250     15,991,553  
    

 

 

 

 


 

matthewsasia.com  |  800.789.ASIA   1

Matthews China Fund    September 30, 2019
Schedule of Investmentsa (unaudited) (continued)   
COMMON EQUITIES (continued)   

 

      Shares                     Value  

Construction Materials: 0.8%

     

Anhui Conch Cement Co., Ltd. A Shares

    1,168,529     $6,774,287  
    

 

 

 

Total Materials

        22,765,840  
    

 

 

 

    

TOTAL INVESTMENTS: 94.8%

          754,362,142  

(Cost $787,197,174)

     

CASH AND OTHER ASSETS,

LESS LIABILITIES: 5.2%

        41,008,027  
    

 

 

 

NET ASSETS: 100.0%

        $795,370,169  
    

 

 

 

a

Certain securities were fair valued under the valuation policies approved by the Board of Trustees.

 

b

Non-income producing security.

 

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 Funds’ Board of Trustees. At September 30, 2019, the aggregate value is $38,827,800, which is 4.88% of net assets.

 

d

The securities may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

 

ADR

American Depositary Receipt

Other information regarding the Fund is available in the Funds’ most recent report to shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

 


 

2   MATTHEWS ASIA FUNDS