0001752724-19-172869.txt : 20191122 0001752724-19-172869.hdr.sgml : 20191122 20191121182548 ACCESSION NUMBER: 0001752724-19-172869 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: 191238276 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 S000001036 MATTHEWS INDIA FUND C000002794 Investor Class Shares MINDX C000093228 Institutional Class Shares MIDNX NPORT-P 1 primary_doc.xml NPORT-P false 0000923184 XXXXXXXX S000001036 C000093228 C000002794 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58562451.89000000 4.871602278761 Long EC CORP IN N 2 N N N Marico Ltd 3358003SFDQFGJPC5O84 Marico Ltd 000000000 4769013.00000000 NS 26537652.53000000 2.207573015914 Long EC CORP IN N 2 N N N DCB Bank Ltd 549300HLUOQ4ZGINVI30 DCB Bank Ltd 000000000 11969871.00000000 NS 33005662.31000000 2.745623766290 Long EC CORP IN N 2 N N N Kotak Mahindra Bank Ltd 335800E6GTTXKHXE2I75 Kotak Mahindra Bank Ltd 000000000 2596037.00000000 NS 60295567.20000000 5.015773983003 Long EC CORP IN N 2 N N N AIA Engineering Ltd 3358009DFG4JFX1O8H85 AIA Engineering Ltd 000000000 628021.00000000 NS 15809790.28000000 1.315160275383 Long EC CORP IN N 1 N N N UPL Ltd 335800RJSM1SLHO4UA95 UPL Ltd 000000000 1982144.00000000 NS 16901226.12000000 1.405952944639 Long EC CORP IN N 2 N N N Alembic Pharmaceuticals Ltd 335800PM173KNG818V30 Alembic Pharmaceuticals Ltd 000000000 4147557.00000000 NS 29812350.93000000 2.479983539600 Long EC CORP IN N 1 N N N Wipro Ltd 335800IFS1IJHESG8362 Wipro Ltd 000000000 12047428.00000000 NS 40825017.85000000 3.396088168612 Long EC CORP IN N 2 N N N Zydus Wellness Ltd N/A Zydus Wellness Ltd 000000000 1734795.00000000 NS 41866541.19000000 3.482728794350 Long EC CORP IN N 2 N N N Bajaj Finance Ltd 335800YTEXC3DO4Z6F68 Bajaj Finance Ltd 000000000 556817.00000000 NS 31835551.11000000 2.648286373398 Long EC CORP IN N 2 N N N Bandhan Bank Ltd 335800Q13QAC32IOCH33 Bandhan Bank Ltd 000000000 3589314.00000000 NS 24940402.38000000 2.074703451553 Long EC CORP IN N 2 N N N Tata Consultancy Services Ltd 335800ZJKU9GPQRE2U66 Tata Consultancy Services Ltd 000000000 137397.00000000 NS 4070021.25000000 0.338570605502 Long EC CORP IN N 1 N N N Pidilite Industries Ltd 335800APXGEBZ349GN74 Pidilite Industries Ltd 000000000 322373.00000000 NS 6569780.43000000 0.546516689121 Long EC CORP IN N 2 N N N HDFC Bank Ltd 335800ZQ6I4E2JXENC50 HDFC Bank Ltd 000000000 4672408.00000000 NS 80970603.25000000 6.735656765982 Long EC CORP IN N 2 N N N Info Edge India Ltd 335800MXUVHTBF9DEC78 Info Edge India Ltd 000000000 864136.00000000 NS 24663296.30000000 2.051651981418 Long EC CORP IN N 2 N N N Natco Pharma Ltd 33580086GIBRWXSNGG39 Natco Pharma Ltd 000000000 2922192.00000000 NS 24008970.41000000 1.997220935690 Long EC CORP IN N 2 N N N Cognizant Technology Solutions 5493006IEVQEFQO40L83 Cognizant Technology Solutions Corp 192446102 535500.00000000 NS USD 32271907.50000000 2.684585310947 Long EC CORP US N 1 N N N CreditAccess Grameen Ltd 335800YHFDVKKBDQMK23 CreditAccess Grameen Ltd 000000000 2032000.00000000 NS 18869885.20000000 1.569718698133 Long EC CORP IN N 2 N N N LA Opala RG Ltd 335800J393YHF9JT5S63 LA Opala RG Ltd 000000000 2937800.00000000 NS 7453441.29000000 0.620025296092 Long EC CORP IN N 1 N N N Syngene International Ltd 335800FFAWRC77Z2EY68 Syngene International Ltd 000000000 4785970.00000000 NS 20980407.38000000 1.745285538825 Long EC CORP IN N 2 N N N Poly Medicure Ltd 335800XM9YRKFWFVXO61 Poly Medicure Ltd 000000000 3594824.00000000 NS 11567849.51000000 0.962288295905 Long EC CORP IN N 1 N N N Mphasis Ltd 335800NSYTIQLQKUYP62 Mphasis Ltd 000000000 1464076.00000000 NS 19770628.71000000 1.644648350057 Long EC CORP IN N 1 N N N Nestle India Ltd 3358008SYYY9CPWH5D94 Nestle India Ltd 000000000 30163.00000000 NS 5914269.50000000 0.491987064126 Long EC CORP IN N 2 N N N Tata Elxsi Ltd 335800OWLDKWXSI48N33 Tata Elxsi Ltd 000000000 578649.00000000 NS 5532765.90000000 0.460251135265 Long EC CORP IN N 2 N N N Suzuki Motor Corp 353800D83H0V3ZV1SV24 Suzuki Motor Corp 000000000 1839100.00000000 NS 78344427.92000000 6.517194572048 Long EC CORP JP N 2 N N N Axis Bank Ltd 549300HVNWMJPOFVNI41 Axis Bank Ltd 000000000 4913532.00000000 NS 47549733.12000000 3.955493336532 Long EC CORP IN N 2 N N N Indian Energy Exchange Ltd 335800JRG8ZOKN1KAE97 Indian Energy Exchange Ltd 000000000 3497308.00000000 NS 5957798.52000000 0.495608088625 Long EC CORP IN N 2 N N N Aavas Financiers Ltd 335800TMNAGA7MPDP384 Aavas Financiers Ltd 000000000 1174534.00000000 NS 26452736.85000000 2.200509182231 Long EC CORP IN N 1 N N N eClerx Services Ltd 335800AL5EIRPWHMSY54 eClerx Services Ltd 000000000 419911.00000000 NS 2576712.07000000 0.214347521095 Long EC CORP IN N 2 N N N Larsen & Toubro Infotech Ltd 335800DY1I1WFHVV6T22 Larsen & Toubro Infotech Ltd 000000000 302596.00000000 NS 6455324.83000000 0.536995534460 Long EC CORP IN N 2 N N N Dabur India Ltd 335800MJPUA2E1FSFL38 Dabur India Ltd 000000000 1186347.00000000 NS 7492704.32000000 0.623291448041 Long EC CORP IN N 2 N N N Lupin Ltd 335800HHXTESDEE2FC65 Lupin Ltd 000000000 1337380.00000000 NS 13506124.92000000 1.123526539857 Long EC CORP IN N 1 N N N Shriram City Union Finance Ltd 335800FBXGCGMOP89292 Shriram City Union Finance Ltd 000000000 1624196.00000000 NS 30783577.39000000 2.560776417682 Long EC CORP IN N 2 N N N Eicher Motors Ltd 25490059S64CN2OY7239 Eicher Motors Ltd 000000000 266539.00000000 NS 66909094.31000000 5.565929802986 Long EC CORP IN N 2 N N N Escorts Ltd 335800FPEJC7WFBUBF07 Escorts Ltd 000000000 1479806.00000000 NS 12135985.13000000 1.009549479338 Long EC CORP IN N 2 N N N Bajaj Consumer Care Ltd 3358005AGVT9BD4VZC81 Bajaj Consumer Care Ltd 000000000 4962850.00000000 NS 17223441.13000000 1.432756866372 Long EC CORP IN N 2 N N N CRISIL Ltd 335800XLQ1LWF1M6KM87 CRISIL Ltd 000000000 479926.00000000 NS 9277688.07000000 0.771777903499 Long EC CORP IN N 1 N N N AU Small Finance Bank Ltd 3358006J6L5P5MWKCU97 AU Small Finance Bank Ltd 000000000 1700486.00000000 NS 15835465.07000000 1.317296069931 Long EC CORP IN N 2 N N N Blue Dart Express Ltd 3358003QNMHXM1CHC382 Blue Dart Express Ltd 000000000 475939.00000000 NS 16683331.22000000 1.387827042169 Long EC CORP IN N 1 N N N Gulf Oil Lubricants India Ltd 3358009J8O762GKOHS20 Gulf Oil Lubricants India Ltd 000000000 122343.00000000 NS 1488960.41000000 0.123861325682 Long EC CORP IN N 1 N N N ITC Ltd 335800WLOU3OFWFTMP43 ITC Ltd 000000000 3337649.00000000 NS 12245782.88000000 1.018683164009 Long EC CORP IN N 2 N N N Housing Development Finance Co 335800OX2H9AP7NHLT64 Housing Development Finance Corp Ltd 000000000 368106.00000000 NS 10274675.22000000 0.854713721845 Long EC CORP IN N 2 N N N Symphony Ltd 3358004KHBEOQRZCFM37 Symphony Ltd 000000000 1755550.00000000 NS 32010577.44000000 2.662846191858 Long EC CORP IN N 2 N N N InterGlobe Aviation Ltd 33580079R8SLLO23XD19 InterGlobe Aviation Ltd 000000000 831525.00000000 NS 22205204.07000000 1.847172023312 Long EC CORP IN N 2 N N N NIIT Technologies Ltd 3358004YL9JGBNP4KF72 NIIT Technologies Ltd 000000000 1680162.00000000 NS 33084508.55000000 2.752182704826 Long EC CORP IN N 2 N N N 2019-11-13 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA800_MAT_India_Fund.htm NPORT-EX
Matthews India Fund    September 30, 2019
Schedule of Investmentsa (unaudited)   
COMMON EQUITIES: 100.3%   

 

      Shares                     Value  

FINANCIALS: 39.2%

             

Banks: 21.9%

     

HDFC Bank, Ltd.

    4,672,408     $80,970,603  

Kotak Mahindra Bank, Ltd.

    2,596,037     60,295,567  

Axis Bank, Ltd.

    4,913,532     47,549,733  

DCB Bank, Ltd.

    11,969,871     33,005,662  

Bandhan Bank, Ltd.b,c

   3,589,314     24,940,403  

AU Small Finance Bank, Ltd.b,c

   1,700,486     15,835,465  
    

 

 

 

       262,597,433  
    

 

 

 

Consumer Finance: 13.0%

     

Cholamandalam Investment and Finance Co., Ltd.

    13,471,420     58,562,452  

Bajaj Finance, Ltd.

    556,817     31,835,551  

Shriram City Union Finance, Ltd.

    1,624,196     30,783,578  

CreditAccess Grameen, Ltd.d

   2,032,000     18,869,885  

Sundaram Finance, Ltd.

    695,531     16,023,876  
    

 

 

 

       156,075,342  
    

 

 

 

Thrifts & Mortgage Finance: 3.0%

     

Aavas Financiers, Ltd.d

   1,174,534     26,452,737  

Housing Development Finance Corp., Ltd.

    368,106     10,274,675  
    

 

 

 

       36,727,412  
    

 

 

 

Capital Markets: 1.3%

     

CRISIL, Ltd.

    479,926     9,277,688  

Indian Energy Exchange, Ltd.b,c

   3,497,308     5,957,799  
    

 

 

 

       15,235,487  
    

 

 

 

Total Financials

        470,635,674  
    

 

 

 

    

CONSUMER DISCRETIONARY: 15.4%

             

Automobiles: 12.1%

     

Suzuki Motor Corp.

    1,839,100     78,344,428  

Eicher Motors, Ltd.

    266,539     66,909,094  
    

 

 

 

       145,253,522  
    

 

 

 

Household Durables: 3.3%

     

Symphony, Ltd.

    1,755,550     32,010,578  

LA Opala RG, Ltd.

    2,937,800     7,453,441  
    

 

 

 

       39,464,019  
    

 

 

 

Total Consumer Discretionary

        184,717,541  
    

 

 

 

    

CONSUMER STAPLES: 13.7%

             

Tobacco: 5.5%

     

VST Industries, Ltd.†

   1,011,092     53,851,155  

ITC, Ltd.

    3,337,649     12,245,783  
    

 

 

 

       66,096,938  
    

 

 

 

Personal Products: 4.2%

     

Marico, Ltd.

    4,769,013     26,537,653  

Bajaj Consumer Care, Ltd.

    4,962,850     17,223,441  

Dabur India, Ltd.

    1,186,347     7,492,704  
    

 

 

 

       51,253,798  
    

 

 

 

Food Products: 4.0%

     

Zydus Wellness, Ltd.

    1,734,795     41,866,541  
      Shares                     Value  

Nestle India, Ltd.

    30,163     $5,914,270  
    

 

 

 

       47,780,811  
    

 

 

 

Total Consumer Staples

        165,131,547  
    

 

 

 

    

INFORMATION TECHNOLOGY: 12.0%

             

IT Services: 11.6%

     

Wipro, Ltd.

    12,047,428     40,825,018  

NIIT Technologies, Ltd.

    1,680,162     33,084,508  

Cognizant Technology Solutions Corp. Class A

    535,500     32,271,907  

Mphasis, Ltd.

    1,464,076     19,770,629  

Larsen & Toubro Infotech, Ltd.b,c

   302,596     6,455,325  

Tata Consultancy Services, Ltd.

    137,397     4,070,021  

eClerx Services, Ltd.

    419,911     2,576,712  
    

 

 

 

       139,054,120  
    

 

 

 

Software: 0.4%

     

Tata Elxsi, Ltd.

    578,649     5,532,766  
    

 

 

 

Total Information Technology

        144,586,886  
    

 

 

 

    

HEALTH CARE: 10.2%

             

Pharmaceuticals: 7.5%

     

Alembic Pharmaceuticals, Ltd.

    4,147,557     29,812,351  

Natco Pharma, Ltd.

    2,922,192     24,008,970  

Caplin Point Laboratories, Ltd.†

   3,870,311     23,203,406  

Lupin, Ltd.

    1,337,380     13,506,125  
    

 

 

 

       90,530,852  
    

 

 

 

Life Sciences Tools & Services: 1.7%

     

Syngene International, Ltd.b,c

   4,785,970     20,980,407  
    

 

 

 

Health Care Equipment & Supplies: 1.0%

     

Poly Medicure, Ltd.

    3,594,824     11,567,850  
    

 

 

 

Total Health Care

        123,079,109  
    

 

 

 

    

INDUSTRIALS: 5.6%

             

Machinery: 2.3%

     

AIA Engineering, Ltd.

    628,021     15,809,791  

Escorts, Ltd.

    1,479,806     12,135,985  
    

 

 

 

       27,945,776  
    

 

 

 

Airlines: 1.9%

     

InterGlobe Aviation, Ltd.b,c

   831,525     22,205,204  
    

 

 

 

Air Freight & Logistics: 1.4%

     

Blue Dart Express, Ltd.

    475,939     16,683,331  
    

 

 

 

Total Industrials

        66,834,311  
    

 

 

 

    

MATERIALS: 2.1%

             

Chemicals: 2.1%

     

UPL, Ltd.

    1,982,144     16,901,226  

Pidilite Industries, Ltd.

    322,373     6,569,781  

Gulf Oil Lubricants India, Ltd.

    122,343     1,488,960  
    

 

 

 

Total Materials

        24,959,967  
    

 

 

 

 


 

matthewsasia.com  |  800.789.ASIA   1

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

 

      Shares                     Value  

COMMUNICATION SERVICES: 2.1%

             

Interactive Media & Services: 2.1%

     

Info Edge India, Ltd.

    864,136     $24,663,296  
    

 

 

 

Total Communication Services

        24,663,296  
    

 

 

 

    

TOTAL INVESTMENTS: 100.3%

          1,204,608,331  

(Cost $1,096,044,213)

     
    

LIABILITIES IN EXCESS OF CASH

     

AND OTHER ASSETS: (0.3%)

        (3,244,293)  
    

 

 

 

NET ASSETS: 100.0%

        $1,201,364,038  
    

 

 

 

a

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

 

b

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 $96,374,603, which is 8.02% of net assets.

 

c

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

 

d

Non-income producing security.

 

†

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

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