NPORT-EX 2 MIMA100MAT_AsianGrowthInc.htm NPORT-EX
Matthews Asian Growth and Income Fund    September 30, 2019
Schedule of Investmentsa (unaudited)   
COMMON EQUITIES: 84.9%   

 

      Shares           Value  

CHINA/HONG KONG: 33.7%

             

AIA Group, Ltd.

    5,037,600     $47,509,856  

Tencent Holdings, Ltd.

    948,600     39,677,968  

CK Hutchison Holdings, Ltd.

    2,593,172     22,892,862  

Jiangsu Expressway Co., Ltd. H Shares

    17,194,000     21,833,306  

Midea Group Co., Ltd. A Shares

    2,986,979     21,410,565  

NetEase, Inc. ADR

    78,600     20,921,748  

Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. A Shares

    1,420,768     20,721,849  

HKT Trust & HKT, Ltd.

    13,058,000     20,714,188  

Shanghai International Airport Co., Ltd. A Shares

    1,823,775     20,434,870  

Techtronic Industries Co., Ltd.

    2,932,000     20,407,286  

Yum China Holdings, Inc.

    442,200     20,089,146  

Inner Mongolia Yili Industrial Group Co., Ltd. A Shares

    4,816,875     19,266,748  

HSBC Holdings PLC ADR

    499,233     19,105,647  

CLP Holdings, Ltd.

    1,801,200     18,932,213  

Jardine Matheson Holdings, Ltd.

    353,100     18,896,922  

Zhejiang Supor Co., Ltd. A Shares

    1,853,470     18,634,310  

Minth Group, Ltd.

    5,196,000     17,611,418  

CK Asset Holdings, Ltd.

    2,590,172     17,548,655  

Pacific Textiles Holdings, Ltd.

    25,377,000     17,057,999  

Fortune, REIT

    13,942,000     15,964,916  

BOC Hong Kong Holdings, Ltd.

    4,006,000     13,593,240  

China Mobile, Ltd. ADR

    284,200     11,765,880  
    

 

 

 

Total China/Hong Kong

            464,991,592  
    

 

 

 

    

SINGAPORE: 8.5%

             

Singapore Telecommunications, Ltd.

    10,927,100     24,517,490  

Ascendas, REIT

    10,652,400     24,057,599  

United Overseas Bank, Ltd.

    1,126,700     20,939,737  

Venture Corp., Ltd.

    1,757,600     19,489,057  

Singapore Technologies Engineering, Ltd.

    7,009,625     19,484,800  

Ascendas India Trust

    7,901,700     8,918,462  
    

 

 

 

Total Singapore

        117,407,145  
    

 

 

 

    

SOUTH KOREA: 7.4%

             

Samsung Electronics Co., Ltd.

    865,909     35,453,827  

Macquarie Korea Infrastructure Fund

    2,862,946     28,075,066  

Woongjin Coway Co., Ltd.

    313,334     22,195,260  

Orange Life Insurance, Ltd.b,c

   725,855     16,398,262  
    

 

 

 

Total South Korea

        102,122,415  
    

 

 

 

    

TAIWAN: 7.0%

             

Taiwan Semiconductor Manufacturing Co., Ltd.

    6,147,187     54,596,453  

Taiwan Secom Co., Ltd.

    7,519,000     21,327,403  

Advantech Co., Ltd.

    2,384,000     20,970,067  
    

 

 

 

Total Taiwan

        96,893,923  
    

 

 

 

    

INDIA: 6.1%

             

Housing Development Finance Corp., Ltd.

    979,513     27,340,435  

Sanofi India, Ltd.

    210,591     17,468,770  

ITC, Ltd.

    4,651,499     17,066,278  

Bharti Infratel, Ltd.

    3,801,128     13,810,131  

Embassy Office Parks, REIT

    1,524,400     8,646,858  
    

 

 

 

Total India

        84,332,472  
    

 

 

 

      Shares           Value  

AUSTRALIA: 5.3%

             

CSL, Ltd.

    119,825     $18,945,773  

Macquarie Group, Ltd.

    204,501     18,127,424  

Orora, Ltd.

    9,076,624     17,710,754  

Domino’s Pizza Enterprises, Ltd.

    562,358     17,629,277  
    

 

 

 

Total Australia

        72,413,228  
    

 

 

 

    

UNITED STATES: 3.1%

             

Broadcom, Inc.

    80,500     22,223,635  

Cognizant Technology Solutions Corp. Class A

    349,400     21,056,591  
    

 

 

 

Total United States

        43,280,226  
    

 

 

 

    

FRANCE: 3.0%

             

LVMH Moet Hennessy Louis Vuitton SE

    52,319     20,758,151  

Pernod Ricard SA

    115,584     20,571,813  
    

 

 

 

Total France

        41,329,964  
    

 

 

 

    

INDONESIA: 2.8%

             

PT Bank Rakyat Indonesia Persero

    70,300,200     20,412,712  

PT Ace Hardware Indonesia

    149,913,400     18,698,410  
    

 

 

 

Total Indonesia

        39,111,122  
    

 

 

 

    

UNITED KINGDOM: 1.6%

             

Prudential PLC

    1,227,872     22,250,440  
    

 

 

 

Total United Kingdom

        22,250,440  
    

 

 

 

    

PHILIPPINES: 1.6%

             

Bank of the Philippine Islands

    11,929,694     21,410,500  
    

 

 

 

Total Philippines

        21,410,500  
    

 

 

 

    

VIETNAM: 1.4%

             

Vietnam Dairy Products JSC

    3,472,093     19,418,808  
    

 

 

 

Total Vietnam

        19,418,808  
    

 

 

 

    

THAILAND: 1.3%

             

Kasikornbank Public Co., Ltd.

    3,419,700     17,501,623  
    

 

 

 

Total Thailand

        17,501,623  
    

 

 

 

    

JAPAN: 1.1%

             

KDDI Corp.

    577,300     15,063,342  
    

 

 

 

Total Japan

        15,063,342  
    

 

 

 

    

MALAYSIA: 1.0%

             

Genting Malaysia BHD

    18,797,200     13,619,463  
    

 

 

 

Total Malaysia

        13,619,463  
    

 

 

 

    

TOTAL COMMON EQUITIES

          1,171,146,263  
    

 

 

 

(Cost $1,108,761,988)

     
             

CONVERTIBLE CORPORATE BONDS: 11.3%

  
      Face Amount*   Value 

CHINA/HONG KONG: 6.8%

             

Harvest International Co., Cnv.
0.000%, 11/21/22c

   HKD 150,000,000     19,063,223  
 


 

matthewsasia.com  |  800.789.ASIA   1

Matthews Asian Growth and Income Fund    September 30, 2019
Schedule of Investmentsa (unaudited) (continued)   
CONVERTIBLE CORPORATE BONDS (continued)   

 

      Face Amount*           Value  

China Overseas Finance Investment Cayman V, Ltd., Cnv.
0.000%, 01/05/23c

   16,400,000     $18,098,742  

Zhongsheng Group Holdings, Ltd., Cnv.
0.000%, 05/23/23c

   HKD 127,000,000     17,429,832  

China Mengniu Dairy Co., Ltd., Series 2319, Cnv.
0.000%, 06/05/22c

   17,000,000     17,068,604  

Luye Pharma Group, Ltd., Cnv.
1.500%, 07/09/24c

   13,209,000     13,861,128  

Weibo Corp., Cnv.
1.250%, 11/15/22

    8,083,000     7,545,481  
    

 

 

 

Total China/Hong Kong

        93,067,010  
    

 

 

 

    

SINGAPORE: 1.8%

             

CapitaLand, Ltd., Cnv.
1.950%, 10/17/23c

   SGD 34,000,000     24,671,373  
    

 

 

 

Total Singapore

        24,671,373  
    

 

 

 

    

SOUTH KOREA: 1.4%

             

LG Chem, Ltd., Series USD, Cnv.
0.000%, 04/16/21c

   20,600,000     19,933,771  
    

 

 

 

Total South Korea

        19,933,771  
    

 

 

 

    

MALAYSIA: 1.3%

             

Top Glove Labuan, Ltd., Cnv.
2.000%, 03/01/24c

   18,704,000     18,400,060  
    

 

 

 

Total Malaysia

        18,400,060  
    

 

 

 

    

TOTAL CONVERTIBLE CORPORATE BONDS

     156,072,214  
 

 

 

 

(Cost $158,046,017)

     
             

PREFERRED EQUITIES: 1.9%

     
      Shares   Value  

SOUTH KOREA: 1.9%

             

LG Household & Health Care, Ltd., Pfd.

    41,042     26,433,188  
    

 

 

 

Total South Korea

        26,433,188  
    

 

 

 

    

TOTAL PREFERRED EQUITIES

          26,433,188  
    

 

 

 

(Cost $11,577,044)

     
           Value  

TOTAL INVESTMENTS: 98.1%

          $1,353,651,665  

(Cost $1,278,385,049)

     
CASH AND OTHER ASSETS,
LESS LIABILITIES: 1.9%		        25,789,875  
    

 

 

 

NET ASSETS: 100.0%

        $1,379,441,540  
    

 

 

 

 

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 $16,398,262, which is 1.19% 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.

 

*

All Values in USD unless otherwise specified

 

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

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