0001752724-20-103265.txt : 20200526 0001752724-20-103265.hdr.sgml : 20200526 20200526151037 ACCESSION NUMBER: 0001752724-20-103265 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200526 PERIOD START: 20201231 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: 20910054 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 C000002790 C000093224 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17660092.65000000 2.117863044116 Long EC CORP CN N 2 N N N JD.com Inc 549300HVTWB0GJZ16V92 JD.com Inc 47215P106 998779.00000000 NS USD 40450549.50000000 4.850978168579 Long EC CORP CN N 1 N N N CHINA MERCHANTS BANK CO LTD 549300MKO5B60FFIHF58 CHINA MERCHANTS BANK CO LTD 000000000 8595512.00000000 NS 38785408.05000000 4.651288302276 Long EC CORP CN N 2 N N N TIGERMED N/A HANGZHOU TIGERMED CONSULTING CO LTD 000000000 831236.00000000 NS 7441946.63000000 0.892465518518 Long EC CORP CN N 2 N N N WULIANGYE YIBIN CO LTD N/A WULIANGYE YIBIN CO LTD 000000000 1563635.00000000 NS 25148697.58000000 3.015923996997 Long EC CORP CN N 2 N N N BEIJING AIRPORT 5299001QWQN7CK66FE04 Beijing Capital International Airport Co Ltd 000000000 7624000.00000000 NS 4838626.88000000 0.580265871562 Long EC CORP CN N 2 N N N China Construction Bank Corp 5493001KQW6DM7KEDR62 China Construction Bank Corp 000000000 48569660.00000000 NS 39479705.06000000 4.734550944679 Long EC CORP CN N 2 N N N AIA Group Ltd ZP5ILWVSYE4LJGMMVD57 AIA Group Ltd 000000000 3354800.00000000 NS 30041029.19000000 3.602630336637 Long EC CORP HK N 2 N N N Alibaba Group Holding Ltd 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd 01609W102 600500.00000000 NS USD 116785240.00000000 14.00531406012 Long EC CORP CN N 1 N N N KINGDEE INT'L 529900SWRZN94C5SZO63 Kingdee International Software Group Co Ltd 000000000 6447000.00000000 NS 8480018.45000000 1.016954896251 Long EC CORP CN N 2 N N N Chinasoft International Ltd N/A Chinasoft International Ltd 000000000 31650000.00000000 NS 16329464.93000000 1.958289290483 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 2400501.00000000 NS 23227984.59000000 2.785585054813 Long EC CORP CN N 2 N N N FOCUS MEDIA INFORMATION TECHNOLOGY CO LTD 300300V7WGZW0LZKTD06 FOCUS MEDIA INFORMATION TECHNOLOGY CO LTD 000000000 5754207.00000000 NS 3546335.25000000 0.425289522363 Long EC CORP CN N 2 N N N Tencent Holdings Ltd 254900N4SLUMW4XUYY11 Tencent Holdings Ltd 000000000 2202400.00000000 NS 108859375.81000000 13.05481537400 Long EC CORP CN N 2 N N N LEPU MEDICAL TECHNOLOGY-A N/A LEPU MEDICAL TECHNOLOGY-A 000000000 3646195.00000000 NS 18383258.71000000 2.204587768815 Long EC CORP CN N 2 N N N LUXSHARE PRECISION INDUSTRY CO LTD N/A LUXSHARE PRECISION INDUSTRY CO LTD 000000000 697611.00000000 NS 3698622.95000000 0.443552421562 Long EC CORP CN N 2 N N N Meituan Dianping 21380033K525E5JLIA77 Meituan Dianping 000000000 1517100.00000000 NS 18085723.30000000 2.168906231824 Long EC CORP CN N 2 N N N CICC 529900OS3SVVTT56QN67 China International Capital Corp Ltd 000000000 13052000.00000000 NS 20889572.17000000 2.505154065895 Long EC CORP CN N 2 N N N NAURA TECHNOLOGY GROUP CO LTD N/A NAURA TECHNOLOGY GROUP CO LTD 000000000 692916.00000000 NS 11234057.86000000 1.347229397301 Long EC CORP CN N 2 N N N KWEICHOW MOUTAI CO LTD N/A KWEICHOW MOUTAI CO LTD 000000000 108123.00000000 NS 16800520.31000000 2.014779978318 Long EC CORP CN N 2 N N N CHINA OVS PPT N/A China Overseas Property Holdings Ltd 000000000 11275000.00000000 NS 10507027.47000000 1.260041247984 Long EC CORP HK N 2 N N N Sino Biopharmaceutical Ltd 529900LPR4ADFEJAR786 Sino Biopharmaceutical Ltd 000000000 13258000.00000000 NS 17302692.55000000 2.075002314064 Long EC CORP HK N 2 N N N ESTUN AUTOMATION CO LTD N/A ESTUN AUTOMATION CO LTD 000000000 5342825.00000000 NS 6897292.45000000 0.827148592808 Long EC CORP CN N 2 N N N HKEX 213800YTVSXYQN17BW16 Hong Kong Exchanges & Clearing Ltd 000000000 274600.00000000 NS 8226826.65000000 0.986591207514 Long EC CORP HK N 2 N N N WANHUA CHEMICAL GROUP CO LTD N/A WANHUA CHEMICAL GROUP CO LTD 000000000 1885619.00000000 NS 10862065.70000000 1.302618733927 Long EC CORP CN N 2 N N N China Resources Land Ltd 5299001HL0TU7X15HK51 China Resources Land Ltd 000000000 4186000.00000000 NS 17085132.48000000 2.048911712998 Long EC CORP HK N 2 N N N Zhongsheng Group Holdings Ltd 3003005VYMEBAJNJ2Y26 Zhongsheng Group Holdings Ltd 000000000 3762000.00000000 NS 13054811.82000000 1.565580886206 Long EC CORP CN N 2 N N N AVIC JONHON OPTRONIC TECH-A N/A AVIC JONHON OPTRONIC TECH-A 000000000 500284.00000000 NS 2398970.24000000 0.287693304668 Long EC CORP CN N 2 N N N New Oriental Education & Techn 529900NHZVBZQZ8EKN29 New Oriental Education & Technology Group Inc 647581107 184900.00000000 NS USD 20013576.00000000 2.400101394202 Long EC CORP CN N 1 N N N Wuxi Biologics Cayman Inc 5493001TD2TH6VDTJU11 Wuxi Biologics Cayman Inc 000000000 973500.00000000 NS 12155015.96000000 1.457674068449 Long EC CORP CN N 2 N N N CITIC Securities Co Ltd 300300E1006744000068 CITIC Securities Co Ltd 000000000 7639000.00000000 NS 13852137.09000000 1.661199055200 Long EC CORP CN N 2 N N N Momo Inc 549300YMGLID32W48529 Momo Inc 60879B107 257300.00000000 NS USD 5580837.00000000 0.669274429742 Long EC CORP CN N 1 N N N Sinopharm Group Co Ltd 529900N54X78YH9JYK92 Sinopharm Group Co Ltd 000000000 3881600.00000000 NS 8600437.00000000 1.031395930165 Long EC CORP CN N 2 N N N Galaxy Entertainment Group Ltd 549300ZSEBV3HR826S10 Galaxy Entertainment Group Ltd 000000000 2108000.00000000 NS 11102457.71000000 1.331447424930 Long EC CORP HK N 2 N N N Weimob Inc 254900SW0TNGAGYUTV05 Weimob Inc 000000000 6544000.00000000 NS 4075565.47000000 0.488756750253 Long EC CORP CN N 2 N N N MIDEA GROUP CO LTD N/A MIDEA GROUP CO LTD 000000000 2795652.00000000 NS 18915390.42000000 2.268402954021 Long EC CORP CN N 2 N N N 2020-05-22 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA400MattChinaFd.htm HTML
Matthews China Fund    March 31, 2020
Schedule of Investmentsa (unaudited)   
COMMON EQUITIES: 93.8%   

 

      Shares                       Value  

CONSUMER DISCRETIONARY: 28.5%

 

Internet & Direct Marketing Retail: 20.9%

 

Alibaba Group Holding, Ltd. ADRb

   600,500     $116,785,240  

JD.com, Inc. ADRb

   998,779     40,450,550  

Meituan Dianping Class Bb,c

   1,517,100     18,085,723  
    

 

 

 

       175,321,513  
    

 

 

 

Diversified Consumer Services: 2.4%

     

New Oriental Education & Technology Group, Inc. ADRb

   184,900     20,013,576  
    

 

 

 

Household Durables: 2.3%

     

Midea Group Co., Ltd. A Shares

    2,795,652     18,915,390  
    

 

 

 

Specialty Retail: 1.6%

     

Zhongsheng Group Holdings, Ltd.

    3,762,000     13,054,812  
    

 

 

 

Hotels, Restaurants & Leisure: 1.3%

     

Galaxy Entertainment Group, Ltd.

    2,108,000     11,102,458  
    

 

 

 

Total Consumer Discretionary

        238,407,749  
    

 

 

 

    

FINANCIALS: 22.1%

 

Banks: 9.4%

     

China Construction Bank Corp. H Shares

    48,569,660     39,479,705  

China Merchants Bank Co., Ltd. A Shares

    8,595,512     38,785,408  
    

 

 

 

       78,265,113  
    

 

 

 

Insurance: 7.6%

     

AIA Group, Ltd.

    3,354,800     30,041,029  

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

    2,400,501     23,227,985  

New China Life Insurance Co., Ltd. H Shares

    3,439,000     10,589,279  
    

 

 

 

       63,858,293  
    

 

 

 

Capital Markets: 5.1%

     

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

   13,052,000     20,889,572  

CITIC Securities Co., Ltd. H Shares

    7,639,000     13,852,137  

Hong Kong Exchanges & Clearing, Ltd.

    274,600     8,226,827  
    

 

 

 

       42,968,536  
    

 

 

 

Total Financials

        185,091,942  
    

 

 

 

    

COMMUNICATION SERVICES: 14.1%

 

Interactive Media & Services: 13.7%

     

Tencent Holdings, Ltd.

    2,202,400     108,859,376  

Momo, Inc. ADR

    257,300     5,580,837  
    

 

 

 

       114,440,213  
    

 

 

 

Media: 0.4%

     

Focus Media Information Technology Co., Ltd. A Shares

    5,754,207     3,546,335  
    

 

 

 

Total Communication Services

        117,986,548  
    

 

 

 

    

HEALTH CARE: 7.6%

 

Life Sciences Tools & Services: 2.3%

     

Wuxi Biologics Cayman, Inc.b,c,d

   973,500     12,155,016  

Hangzhou Tigermed Consulting Co., Ltd. A Shares

    831,236     7,441,947  
    

 

 

 

       19,596,963  
    

 

 

 

      Shares                       Value  

Health Care Equipment & Supplies: 2.2%

     

Lepu Medical Technology Beijing Co., Ltd. A Shares

    3,646,195     $18,383,259  
    

 

 

 

Pharmaceuticals: 2.1%

     

Sino Biopharmaceutical, Ltd.

    13,258,000     17,302,692  
    

 

 

 

Health Care Providers & Services: 1.0%

     

Sinopharm Group Co., Ltd. H Shares

    3,881,600     8,600,437  
    

 

 

 

Total Health Care

        63,883,351  
    

 

 

 

    

REAL ESTATE: 7.3%

 

Real Estate Management & Development: 7.3%

  

Times China Holdings, Ltd.

    10,717,000     17,660,093  

China Resources Land, Ltd.

    4,186,000     17,085,132  

CIFI Holdings Group Co., Ltd.

    21,900,000     15,525,796  

China Overseas Property Holdings, Ltd.

    11,275,000     10,507,027  
    

 

 

 

Total Real Estate

        60,778,048  
    

 

 

 

    

INFORMATION TECHNOLOGY: 5.5%

 

Electronic Equipment, Instruments & Components: 2.1%

 

NAURA Technology Group Co., Ltd. A Shares

    692,916     11,234,058  

Luxshare Precision Industry Co., Ltd. A Shares

    697,611     3,698,623  

AVIC Jonhon Optronic Technology Co., Ltd. A Shares

    500,284     2,398,970  
    

 

 

 

       17,331,651  
    

 

 

 

IT Services: 1.9%

     

Chinasoft International, Ltd.

    31,650,000     16,329,465  
    

 

 

 

Software: 1.5%

     

Kingdee International Software Group Co., Ltd.

    6,447,000     8,480,018  

Weimob, Inc.b,c,d

   6,544,000     4,075,566  
    

 

 

 

       12,555,584  
    

 

 

 

Total Information Technology

        46,216,700  
    

 

 

 

    

CONSUMER STAPLES: 5.0%

 

Beverages: 5.0%

     

Wuliangye Yibin Co., Ltd. A Shares

    1,563,635     25,148,698  

Kweichow Moutai Co., Ltd. A Shares

    108,123     16,800,520  
    

 

 

 

Total Consumer Staples

        41,949,218  
    

 

 

 

    

MATERIALS: 2.3%

 

Chemicals: 1.3%

     

Wanhua Chemical Group Co., Ltd. A Shares

    1,885,619     10,862,066  
    

 

 

 

Construction Materials: 1.0%

     

Anhui Conch Cement Co., Ltd. A Shares

    1,099,244     8,416,847  
    

 

 

 

Total Materials

        19,278,913  
    

 

 

 

    

INDUSTRIALS: 1.4%

 

Machinery: 0.8%

     

Estun Automation Co., Ltd. A Shares

    5,342,825     6,897,292  
    

 

 

 

 


 

matthewsasia.com  |  800.789.ASIA   1

Matthews China Fund    March 31, 2020
Schedule of Investmentsa (unaudited) (continued)   
COMMON EQUITIES (continued)

 

      Shares                     Value  

Transportation Infrastructure: 0.6%

     

Beijing Capital International Airport Co., Ltd. H Shares

    7,624,000     $4,838,627  
    

 

 

 

Total Industrials

        11,735,919  
    

 

 

 

    

TOTAL INVESTMENTS: 93.8%

          785,328,388  

(Cost $770,518,924)

     
    

CASH AND OTHER ASSETS,

     

LESS LIABILITIES: 6.2%

        52,321,591  
    

 

 

 

NET ASSETS: 100.0%

        $837,649,979  
    

 

 

 

a

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

 

b

Non-income producing security.

 

c

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

 

d

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 March 31, 2020, the aggregate value is $37,120,154, which is 4.43% of net assets.

 

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