0001752724-19-172848.txt : 20191122 0001752724-19-172848.hdr.sgml : 20191122 20191121181818 ACCESSION NUMBER: 0001752724-19-172848 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: 191238255 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 S000027009 MATTHEWS CHINA DIVIDEND FUND C000081250 Investor Class Shares MCDFX C000093231 Institutional Class Shares MICDX NPORT-P 1 primary_doc.xml NPORT-P false 0000923184 XXXXXXXX S000027009 C000093231 C000081250 Matthews International Funds 811-08510 0000923184 5493007IYPQKGSDVTS49 Four Embarcadero Center Suite 550 San Francisco 94111 415-788-7553 Matthews China Dividend Fund S000027009 549300EA4IG7U8PVKS42 2019-12-31 2019-09-30 N 348315481.50 1485254.69 346830226.81 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 11446023.56000000 N JINJIANG HOTELS N/A Shanghai Jin Jiang Capital Co Ltd 000000000 32316000.00000000 NS 4857489.34000000 1.400538062866 Long EC CORP CN N 2 N N N UNI MEDICAL 2549007JDMSRWFODDQ05 Genertec Universal Medical Group Co Ltd 000000000 7748500.00000000 NS 5199669.89000000 1.499197442456 Long EC CORP CN N 2 N N N Huaxin Cement Co Ltd N/A Huaxin Cement Co Ltd 000000000 4276992.00000000 NS USD 8410067.50000000 2.424836951886 Long EC CORP CN N 2 N N N HAICHANG HLDG N/A Haichang Ocean Park Holdings Ltd 000000000 12395000.00000000 NS 1826088.39000000 0.526507855672 Long EC CORP CN N 2 N N N Vivotek Inc N/A Vivotek Inc 000000000 1542624.00000000 NS 5072901.46000000 1.462646870965 Long EC CORP TW N 2 N N N HKEX 213800YTVSXYQN17BW16 Hong Kong Exchanges & Clearing Ltd 000000000 225900.00000000 NS 6621138.97000000 1.909043231582 Long EC CORP HK N 2 N N N TZXP N/A Tianjin ZhongXin Pharmaceutical Group Corp Ltd 000000000 6837100.00000000 NS USD 5474541.18000000 1.578449845722 Long EC CORP CN N 2 N N N Pacific Textiles Holdings Ltd 5299009IC8ZP94KPH034 Pacific Textiles Holdings Ltd 000000000 6504000.00000000 NS 4371880.97000000 1.260524784765 Long EC CORP HK N 2 N N N Shenwan Hongyuan Group Co Ltd N/A Shenwan Hongyuan Group Co Ltd 000000000 18637282.00000000 NS 5137692.54000000 1.481327791771 Long EC CORP CN N 2 N N N YUNNAN HONGXIANG YIXINTANG PHARMACEUTICAL CO LTD N/A YUNNAN HONGXIANG YIXINTANG PHARMACEUTICAL CO LTD 000000000 1837200.00000000 NS 5770620.03000000 1.663816929416 Long EC CORP CN N 2 N N N China Mobile Ltd 529900U2JJ7GK68NI589 China Mobile Ltd 16941M109 198930.00000000 NS USD 8235702.00000000 2.374562931192 Long EC CORP HK N 1 N N N WULIANGYE YIBIN CO LTD N/A WULIANGYE YIBIN CO LTD 000000000 492749.00000000 NS 8966674.91000000 2.585321063989 Long EC CORP CN N 2 N N N GAPACK 529900VUMILFVLFDBF89 Greatview Aseptic Packaging Co Ltd 000000000 12346000.00000000 NS 6070280.75000000 1.750216757585 Long EC CORP CN N 2 N N N China Merchants Bank Co Ltd 549300MKO5B60FFIHF58 China Merchants Bank Co Ltd 000000000 2442500.00000000 NS 11616920.73000000 3.349454526166 Long EC CORP CN N 2 N N N LJZ N/A Shanghai Lujiazui Finance & Trade Zone Development Co Ltd 000000000 6405670.00000000 NS USD 7188750.35000000 2.072700068883 Long EC CORP CN N 2 N N N HKBN Ltd N/A HKBN Ltd 000000000 6475957.00000000 NS 11934482.22000000 3.441015602869 Long EC CORP HK N 2 N N N Hope Education Group Co Ltd 254900ALO9NYVW26GL30 Hope Education Group Co Ltd 000000000 55670000.00000000 NS 8094136.87000000 2.333746093714 Long EC CORP CN N 2 N N N Topkey Corp N/A Topkey Corp 000000000 808000.00000000 NS 3607816.61000000 1.040225542964 Long EC CORP TW N 2 N N N CITIC TELECOM N/A CITIC Telecom International Holdings Ltd 000000000 27051000.00000000 NS 9831250.85000000 2.834600357766 Long EC CORP HK N 2 N N N China Unicom Hong Kong Ltd 5299006RQXYNFYPOUS20 China Unicom Hong Kong Ltd 000000000 9950000.00000000 NS 10533823.81000000 3.037170060662 Long EC CORP HK N 2 N N N SUNeVision Holdings Ltd N/A SUNeVision Holdings Ltd 000000000 8633000.00000000 NS 6450757.76000000 1.859917983311 Long EC CORP HK N 2 N N N HAOHAI BIOTEC 5299005V6H42CRB17Z16 Shanghai Haohai Biological Technology Co Ltd 000000000 491400.00000000 NS 2368600.67000000 0.682927982311 Long EC CORP CN N 2 N N N WH Group Ltd 254900A4AYEDRWYSE928 WH Group Ltd 000000000 6960000.00000000 NS 6233083.74000000 1.797157011754 Long EC CORP HK N 2 N N N PING AN 529900M9MC28JLN35U89 Ping An Insurance Group Co of China Ltd 000000000 674000.00000000 NS 7746764.77000000 2.233589857853 Long EC CORP CN N 2 N N N GPED-B N/A Guangdong Provincial Expressway Development Co Ltd 000000000 10498218.00000000 NS 7959340.17000000 2.294880767229 Long EC CORP CN N 2 N N N Lao Feng Xiang Co Ltd N/A Lao Feng Xiang Co Ltd 000000000 2624729.00000000 NS USD 8865184.93000000 2.556058914339 Long EC CORP CN N 2 N N N Tencent Holdings Ltd 254900N4SLUMW4XUYY11 Tencent Holdings Ltd 000000000 406500.00000000 NS 17003050.64000000 4.902413147892 Long EC CORP CN N 2 N N N Anhui Gujing Distillery Co Ltd N/A Anhui Gujing Distillery Co Ltd 000000000 954693.00000000 NS 8025106.21000000 2.313842793868 Long EC CORP CN N 2 N N N Geely Automobile Holdings Ltd 549300YS3T1KVQ2SNI84 Geely Automobile Holdings Ltd 000000000 5181000.00000000 NS 8804699.56000000 2.538619439540 Long EC CORP HK N 2 N N N New Oriental Education & Techn 529900NHZVBZQZ8EKN29 New Oriental Education & Technology Group Inc 647581107 107700.00000000 NS USD 11928852.00000000 3.439392266849 Long EC CORP CN N 1 N N N SINOPEC CORP 529900A2OB24EZ5B3J19 China Petroleum & Chemical Corp 000000000 13758000.00000000 NS 8141182.45000000 2.347310534286 Long EC CORP CN N 2 N N N Baosight N/A Shanghai Baosight Software Co Ltd 000000000 4527403.00000000 NS USD 8777742.52000000 2.530847037391 Long EC CORP CN N 2 N N N Hua Hong Semiconductor Ltd N/A Hua Hong Semiconductor Ltd 000000000 3058000.00000000 NS 6089528.05000000 1.755766245061 Long EC CORP CN N 2 N N N SITC International Holdings Co 529900JUV4MOM9CE3V12 SITC International Holdings Co Ltd 000000000 7583000.00000000 NS 7812083.48000000 2.252422907845 Long EC CORP HK N 2 N N N CapitaLand Retail China Trust 5493007T7JU82E186P49 CapitaLand Retail China Trust 000000000 7306161.00000000 NS 8090753.30000000 2.332770524188 Long EC CORP SG N 2 N N N Nan Liu Enterprise Co Ltd N/A Nan Liu Enterprise Co Ltd 000000000 1144000.00000000 NS 5194832.63000000 1.497802737027 Long EC CORP TW N 2 N N N Nissin Foods Co Ltd 353800BDH75N9VLV9Z07 Nissin Foods Co Ltd 000000000 8027000.00000000 NS 6655851.33000000 1.919051690280 Long EC CORP HK N 2 N N N China Gas Holdings Ltd 254900KTSZLZ21VV8T33 China Gas Holdings Ltd 000000000 1926000.00000000 NS 7440139.70000000 2.145182029960 Long EC CORP HK N 2 N N N CHINA OVS PPT N/A China Overseas Property Holdings Ltd 000000000 13760000.00000000 NS 6794859.59000000 1.959131316925 Long EC CORP HK N 2 N N N China East Education Holdings N/A China East Education Holdings Ltd 000000000 4036500.00000000 NS 7367751.96000000 2.124310798330 Long EC CORP CN N 2 N N N Sun Art Retail Group Ltd 3003009IMRZ363PQCP28 Sun Art Retail Group Ltd 000000000 7852000.00000000 NS 7964181.30000000 2.296276588477 Long EC CORP HK N 2 N N N SMEIC N/A Shanghai Mechanical and Electrical Industry Co Ltd 000000000 4743714.00000000 NS USD 7949520.66000000 2.292049552057 Long EC CORP CN N 2 N N N Melco Resorts & Entertainment 529900NRV6LBR3T6B421 Melco Resorts & Entertainment Ltd 585464100 410300.00000000 NS USD 7963923.00000000 2.296202113999 Long EC CORP HK N 1 N N N Crystal International Group Lt N/A Crystal International Group Ltd 000000000 5330500.00000000 NS 2180262.03000000 0.628625148982 Long EC CORP HK N 2 N N N JNBY Design Ltd N/A JNBY Design Ltd 000000000 4216000.00000000 NS 6064768.47000000 1.748627426675 Long EC CORP CN N 2 N N N Huaneng Lancang River Hydropow N/A Huaneng Lancang River Hydropower Inc 000000000 12398442.00000000 NS 7377573.21000000 2.127142515188 Long EC CORP CN N 2 N N N 2019-11-13 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA920MATChinaDividend.htm NPORT-EX
Matthews China Dividend Fund    September 30, 2019
Schedule of Investmentsa (unaudited)   
COMMON EQUITIES: 97.0%   

 

     Shares                 Value  

CONSUMER DISCRETIONARY: 23.4%

        

Diversified Consumer Services: 7.9%

  

New Oriental Education & Technology Group, Inc. ADRb

   107,700     $11,928,852  

Hope Education Group Co., Ltd.c,d

   55,670,000     8,094,137  

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

   4,036,500     7,367,752  
    

 

 

 

       27,390,741  
    

 

 

 

Textiles, Apparel & Luxury Goods: 7.7%

 

Lao Feng Xiang Co., Ltd. B Shares

    2,624,729     8,865,185  

JNBY Design, Ltd.d

   4,216,000     6,064,768  

Nan Liu Enterprise Co., Ltd.

    1,144,000     5,194,833  

Pacific Textiles Holdings, Ltd.

    6,504,000     4,371,881  

Crystal International Group, Ltd.c,d

   5,330,500     2,180,262  
    

 

 

 

       26,676,929  
    

 

 

 

Hotels, Restaurants & Leisure: 4.2%

 

Melco Resorts & Entertainment, Ltd. ADR

    410,300     7,963,923  

Shanghai Jin Jiang Capital Co., Ltd. H Shares

    32,316,000     4,857,489  

Haichang Ocean Park Holdings, Ltd.b,c,d

   12,395,000     1,826,089  
    

 

 

 

       14,647,501  
    

 

 

 

Automobiles: 2.6%

     

Geely Automobile Holdings, Ltd.

    5,181,000     8,804,699  
    

 

 

 

Leisure Products: 1.0%

     

Topkey Corp.

    808,000     3,607,817  
    

 

 

 

Total Consumer Discretionary

        81,127,687  
    

 

 

 

    

COMMUNICATION SERVICES: 16.6%

 

Diversified Telecommunication Services: 9.3%

 

HKBN, Ltd.

    6,475,957     11,934,482  

China Unicom Hong Kong, Ltd.

    9,950,000     10,533,824  

CITIC Telecom International Holdings, Ltd.

    27,051,000     9,831,251  
    

 

 

 

       32,299,557  
    

 

 

 

Interactive Media & Services: 4.9%

     

Tencent Holdings, Ltd.

    406,500     17,003,051  
    

 

 

 

Wireless Telecommunication Services: 2.4%

 

China Mobile, Ltd. ADR

    198,930     8,235,702  
    

 

 

 

Total Communication Services

     57,538,310  
    

 

 

 

    

CONSUMER STAPLES: 12.6%

 

Beverages: 4.9%

  

Wuliangye Yibin Co., Ltd. A Shares

    492,749     8,966,675  

Anhui Gujing Distillery Co., Ltd. B Shares

    954,693     8,025,106  
    

 

 

 

       16,991,781  
    

 

 

 

Food & Staples Retailing: 4.0%

  

Sun Art Retail Group, Ltd.

    7,852,000     7,964,182  

Yixintang Pharmaceutical Group Co., Ltd. A Shares

    1,837,200     5,770,620  
    

 

 

 

       13,734,802  
    

 

 

 

Food Products: 3.7%

  

Nissin Foods Co., Ltd.

    8,027,000     6,655,851  
      Shares                   Value  

WH Group, Ltd.c,d

   6,960,000     $6,233,084  
    

 

 

 

       12,888,935  
    

 

 

 

Total Consumer Staples

        43,615,518  
    

 

 

 

    

FINANCIALS: 9.0%

        

Capital Markets: 3.4%

 

Hong Kong Exchanges & Clearing, Ltd.

    225,900     6,621,139  

Shenwan Hongyuan Group Co., Ltd. H Sharesb,c,d

   18,637,282     5,137,692  
    

 

 

 

       11,758,831  
    

 

 

 

Banks: 3.4%

     

China Merchants Bank Co., Ltd. H Shares

    2,442,500     11,616,921  
    

 

 

 

Insurance: 2.2%

     

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

    674,000     7,746,765  
    

 

 

 

Total Financials

        31,122,517  
    

 

 

 

    

INFORMATION TECHNOLOGY: 7.6%

        

Software: 2.5%

     

Shanghai Baosight Software Co., Ltd. B Shares

    4,527,403     8,777,743  
    

 

 

 

IT Services: 1.9%

     

SUNeVision Holdings, Ltd.

    8,633,000     6,450,758  
    

 

 

 

Semiconductors & Semiconductor Equipment: 1.7%

 

Hua Hong Semiconductor, Ltd.c,d

   3,058,000     6,089,528  
    

 

 

 

Electronic Equipment, Instruments & Components: 1.5%

 

Vivotek, Inc.

    1,542,624     5,072,901  
    

 

 

 

Total Information Technology

        26,390,930  
    

 

 

 

    

INDUSTRIALS: 6.8%

             

Transportation Infrastructure: 2.3%

 

Guangdong Provincial Expressway Development Co., Ltd. B Shares

    10,498,218     7,959,340  
    

 

 

 

Machinery: 2.3%

     

Shanghai Mechanical and Electrical Industry Co., Ltd. B Shares

    4,743,714     7,949,521  
    

 

 

 

Marine: 2.2%

     

SITC International Holdings Co., Ltd.

    7,583,000     7,812,083  
    

 

 

 

Total Industrials

        23,720,944  
    

 

 

 

    

REAL ESTATE: 6.4%

             

Real Estate Management & Development: 4.1%

 

Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. B Shares

    6,405,670     7,188,750  

China Overseas Property Holdings, Ltd.

    13,760,000     6,794,860  
    

 

 

 

       13,983,610  
    

 

 

 

Equity REITs: 2.3%

  

CapitaLand Retail China Trust, REIT

    7,306,161     8,090,753  
    

 

 

 

Total Real Estate

        22,074,363  
    

 

 

 

    

UTILITIES: 4.3%

             

Gas Utilities: 2.2%

     

China Gas Holdings, Ltd.

    1,926,000     7,440,140  
    

 

 

 

 


 

matthewsasia.com  |  800.789.ASIA   1

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

Independent Power and Renewable Electricity Producers: 2.1%

 

Huaneng Lancang River Hydropower, Inc. A Shares

    12,398,442     $7,377,573  
    

 

 

 

Total Utilities

        14,817,713  
    

 

 

 

    

MATERIALS: 4.2%

             

Construction Materials: 2.4%

     

Huaxin Cement Co., Ltd. B Shares

    4,276,992     8,410,067  
    

 

 

 

Containers & Packaging: 1.8%

     

Greatview Aseptic Packaging Co., Ltd.

    12,346,000     6,070,281  
    

 

 

 

Total Materials

        14,480,348  
    

 

 

 

    

HEALTH CARE: 3.8%

             

Pharmaceuticals: 1.6%

     

Tianjin Zhongxin Pharmaceutical Group Corp., Ltd. S Shares

    6,837,100     5,474,541  
    

 

 

 

Health Care Providers & Services: 1.5%

     

Genertec Universal Medical Group Co., Ltd.c,d

   7,748,500     5,199,670  
    

 

 

 

Biotechnology: 0.7%

     

Shanghai Haohai Biological Technology Co., Ltd. H Sharesc,d

   491,400     2,368,601  
    

 

 

 

Total Health Care

        13,042,812  
    

 

 

 

    

ENERGY: 2.3%

             

Oil, Gas & Consumable Fuels: 2.3%

     

China Petroleum & Chemical Corp. H Shares

    13,758,000     8,141,182  
    

 

 

 

Total Energy

        8,141,182  
    

 

 

 

    

TOTAL INVESTMENTS: 97.0%

          336,072,324  

(Cost $333,888,961)

     
CASH AND OTHER ASSETS,
LESS LIABILITIES: 3.0%		        10,332,516  
    

 

 

 

NET ASSETS: 100.0%

        $346,404,840  
    

 

 

 

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 $44,496,815, which is 12.85% 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

 

REIT

Real Estate Investment Trust

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

 


 

2   MATTHEWS ASIA FUNDS