0001752724-20-103266.txt : 20200526 0001752724-20-103266.hdr.sgml : 20200526 20200526151040 ACCESSION NUMBER: 0001752724-20-103266 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: 20910055 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 S000032816 MATTHEWS CHINA SMALL COMPANIES FUND C000101279 Investor Class Shares MCSMX C000195803 Institutional Class Shares MICHX NPORT-P 1 primary_doc.xml NPORT-P false 0000923184 XXXXXXXX S000032816 C000101279 C000195803 Matthews International Funds 811-08510 0000923184 5493007IYPQKGSDVTS49 Four Embarcadero Center Suite 550 San Francisco 94111 415-788-7553 Matthews China Small Companies Fund S000032816 549300X2DPZUR8DVLF66 2020-12-31 2020-03-31 N 169362488.35 2679350.10 166683138.25 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 12751565.12000000 N JONJEE HIGH-TECH INDUSTRIA-A N/A JONJEE HIGH-TECH INDUSTRIA-A 000000000 702946.00000000 NS 4708376.44000000 2.824746695696 Long EC CORP CN N 2 N N N Airtac International Group N/A Airtac International Group 000000000 181000.00000000 NS 2668897.36000000 1.601180172164 Long EC CORP TW N 2 N N N Ever Sunshine Lifestyle Servic N/A Ever Sunshine Lifestyle Services Group Ltd 000000000 3484000.00000000 NS 4346533.74000000 2.607662530015 Long EC CORP HK N 2 N N N Alphamab Oncology 254900VOW925DTFGNA02 Alphamab Oncology 000000000 2057000.00000000 NS 4073205.45000000 2.443681762153 Long EC CORP CN N 2 N N N InnoCare Pharma Ltd N/A InnoCare Pharma Ltd 000000000 1866000.00000000 NS 2739038.41000000 1.643260643372 Long EC CORP CN N 1 N N N WINNING HEALTH TECHNOLOGY GROUP CO LTD N/A WINNING HEALTH TECHNOLOGY GROUP CO LTD 000000000 814498.00000000 NS 2377318.53000000 1.426250162409 Long EC CORP CN N 2 N N N KWG Group Holdings Ltd 549300LK82ZOM9ZE7H90 KWG Group Holdings Ltd 000000000 3777000.00000000 NS 5292267.46000000 3.175046687723 Long EC CORP CN N 2 N N N Genscript Biotech Corp 529900YIYUOJOXSAE372 Genscript Biotech Corp 000000000 556000.00000000 NS 889943.24000000 0.533913177627 Long EC CORP CN N 2 N N N China Meidong Auto Holdings Lt N/A China Meidong Auto Holdings Ltd 000000000 2832000.00000000 NS 4390107.20000000 2.633804022465 Long EC CORP CN N 2 N N N Proya Cosmetics Co Ltd N/A Proya Cosmetics Co Ltd 000000000 116100.00000000 NS 1865128.85000000 1.118966723078 Long EC CORP CN N 2 N N N CStone Pharmaceuticals 300300095A57F80T2461 CStone Pharmaceuticals 000000000 1002500.00000000 NS 1124987.91000000 0.674926043396 Long EC CORP CN N 1 N N N China Yuhua Education Corp Ltd 254900MMSBZ02HKOSY64 China Yuhua Education Corp Ltd 000000000 3834000.00000000 NS 2812588.57000000 1.687386378447 Long EC CORP CN N 2 N N N ASIA CEMENT CH 5299009O3HFIKDVFFJ49 Asia Cement China Holdings Corp 000000000 3757500.00000000 NS 3765250.79000000 2.258927225351 Long EC CORP CN N 2 N N N AMOY DIAGNOSTICS CO LTD N/A AMOY DIAGNOSTICS CO LTD 000000000 210434.00000000 NS 1979910.98000000 1.187829195434 Long EC CORP CN N 2 N N N Aoyuan Healthy Life Group Co L N/A Aoyuan Healthy Life Group Co Ltd 000000000 4103000.00000000 NS 3396770.65000000 2.037860989217 Long EC CORP CN N 2 N N N Accton Technology Corp 529900M1YRZ0GWMDF920 Accton Technology Corp 000000000 312000.00000000 NS 1669383.96000000 1.001531395152 Long EC CORP TW N 2 N N N Sunny Friend Environmental Tec N/A Sunny Friend Environmental Technology Co Ltd 000000000 124000.00000000 NS 947905.21000000 0.568686922955 Long EC CORP TW N 2 N N N CENTRE TESTING INTERNATIONAL GROUP CO LTD N/A CENTRE TESTING INTERNATIONAL GROUP CO LTD 000000000 943161.00000000 NS 2020252.54000000 1.212031739509 Long EC CORP CN N 2 N N N Hangzhou Onechance Tech Corp N/A Hangzhou Onechance Tech Corp 000000000 104700.00000000 NS 3333474.34000000 1.999886956172 Long EC CORP CN N 2 N N N Bilibili Inc 5493008V60M52L3PIS45 Bilibili Inc 090040106 78700.00000000 NS USD 1843154.00000000 1.105783116007 Long EC CORP CN N 1 N N N Pharmaron Beijing Co Ltd 300300JYXHGVS5SNGG54 Pharmaron Beijing Co Ltd 000000000 265800.00000000 NS 1703731.80000000 1.022138062606 Long EC CORP CN N 2 N N N TK Group Holdings Ltd N/A TK Group Holdings Ltd 000000000 4934000.00000000 NS 1689190.56000000 1.013414180783 Long EC CORP CN N 2 N N N JOYY Inc 549300N6CHVU5CQZPW24 JOYY Inc 46591M109 71900.00000000 NS USD 3829394.00000000 2.297409348182 Long EC CORP CN N 1 N N N CHINA OVS PPT N/A China Overseas Property Holdings Ltd 000000000 5095000.00000000 NS 4747964.96000000 2.848497460420 Long EC CORP HK N 2 N N N CanSino Biologics Inc 254900SPBQ0ZVM8QC931 CanSino Biologics Inc 000000000 275600.00000000 NS 4394940.61000000 2.636703781883 Long EC CORP CN N 2 N N N Innovent Biologics Inc 25490058ONL9SCIE1R22 Innovent Biologics Inc 000000000 596500.00000000 NS 2488989.93000000 1.493246381206 Long EC CORP CN N 2 N N N AK Medical Holdings Ltd N/A AK Medical Holdings Ltd 000000000 1924000.00000000 NS 4162194.89000000 2.497070149805 Long EC CORP CN N 2 N N N Venus MedTech Hangzhou Inc N/A Venus MedTech Hangzhou Inc 000000000 682500.00000000 NS 3976513.37000000 2.385672247204 Long EC CORP CN N 2 N N N Win Semiconductors Corp 529900G3R9LZ0M2UBM97 Win Semiconductors Corp 000000000 194000.00000000 NS 1664955.37000000 0.998874503732 Long EC CORP TW N 2 N N N ASYMCHEM LABORATORIES TIANJIN CO LTD N/A ASYMCHEM LABORATORIES TIANJIN CO LTD 000000000 49609.00000000 NS 1188644.49000000 0.713116217080 Long EC CORP CN N 2 N N N YIHAI INTL 3003004D79NRTSL70K40 Yihai International Holding Ltd 000000000 327000.00000000 NS 2463127.02000000 1.477730168666 Long EC CORP CN N 2 N N N SITC International Holdings Co 529900JUV4MOM9CE3V12 SITC International Holdings Co Ltd 000000000 2962000.00000000 NS 2757075.56000000 1.654081863916 Long EC CORP HK N 2 N N N JIAJIAYUE GROUP CO LTD N/A JIAJIAYUE GROUP CO LTD 000000000 1384235.00000000 NS 6292703.20000000 3.775248814047 Long EC CORP CN N 2 N N N Alchip Technologies Ltd N/A Alchip Technologies Ltd 000000000 131000.00000000 NS 845844.85000000 0.507456758302 Long EC CORP TW N 2 N N N KINGDEE INT'L 529900SWRZN94C5SZO63 Kingdee International Software Group Co Ltd 000000000 6913000.00000000 NS 9092968.44000000 5.455241925168 Long EC CORP CN N 2 N N N YUEXIUTRANSPORT 529900M1O3AXRD4IBL13 Yuexiu Transport Infrastructure Ltd 000000000 1786000.00000000 NS 1080865.71000000 0.648455339483 Long EC CORP HK N 2 N N N Koolearn Technology Holding Lt 3003007X0QPXFVRDX034 Koolearn Technology Holding Ltd 000000000 652500.00000000 NS 2431668.10000000 1.458856681923 Long EC CORP CN N 2 N N N SICHUAN TEWAY FOOD GROUP CO LTD N/A SICHUAN TEWAY FOOD GROUP CO LTD 000000000 537408.00000000 NS 3774683.36000000 2.264586208077 Long EC CORP CN N 2 N N N China Youzan Ltd N/A China Youzan Ltd 000000000 53532000.00000000 NS 5268801.35000000 3.160968413072 Long EC CORP HK N 2 N N N JOYOUNG CO LTD N/A JOYOUNG CO LTD 000000000 1003036.00000000 NS 3951485.50000000 2.370657009153 Long EC CORP CN N 2 N N N Amoy Diagnostics Co Ltd N/A Amoy Diagnostics Co Ltd 000000000 256686.00000000 NS 2415456.84000000 1.449130887118 Long EC CORP CN N 2 N N N Zai Lab Ltd 549300P2UYQ9U5LY1T58 Zai Lab Ltd 98887Q104 45200.00000000 NS USD 2326896.00000000 1.395999634054 Long EC CORP CN N 1 N N N Mobvista Inc N/A Mobvista Inc 000000000 3298000.00000000 NS 1590380.23000000 0.954133841429 Long EC CORP HK N 2 N N N Greentown Service Group Co Ltd N/A Greentown Service Group Co Ltd 000000000 3416000.00000000 NS 4109257.10000000 2.465310614584 Long EC CORP CN N 2 N N N Silergy Corp N/A Silergy Corp 000000000 343000.00000000 NS 11125446.84000000 6.674608455783 Long EC CORP CN N 2 N N N SUNeVision Holdings Ltd N/A SUNeVision Holdings Ltd 000000000 2505000.00000000 NS 1445567.96000000 0.867255065615 Long EC CORP HK N 2 N N N China Isotope & Radiation Corp 300300R8PWUHYDPL3U07 China Isotope & Radiation Corp 000000000 655000.00000000 NS 1639054.71000000 0.983335643430 Long EC CORP CN N 2 N N N C HIGHPRECISION N/A China High Precision Automation Group Ltd 000000000 195000.00000000 NS 251.52000000 0.000150897086 Long EC CORP HK N 3 N N N Times China Holdings Ltd 2549000KTINB9ZPZP710 Times China Holdings Ltd 000000000 2434000.00000000 NS 4010886.02000000 2.406293799186 Long EC CORP CN N 2 N N N SANGFOR TECHNOLOGIES INC N/A SANGFOR TECHNOLOGIES INC 000000000 14093.00000000 NS 312393.45000000 0.187417547617 Long EC CORP CN N 2 N N N Sichuan Teway Food Group Co Lt N/A Sichuan Teway Food Group Co Ltd 000000000 231256.00000000 NS 1619591.33000000 0.971658769449 Long EC CORP CN N 2 N N N 2020-05-22 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA930MattChinaSmallCosFd.htm HTML
Matthews China Small Companies Fund    March 31, 2020
Schedule of Investmentsa (unaudited)   
COMMON EQUITIES: 92.1%   

 

      Shares   Value  

HEALTH CARE: 22.3%

             

Biotechnology: 10.2%

     

Alphamab Oncologyb,c,d

   2,057,000     $4,073,205  

InnoCare Pharma, Ltd.b,c,d

   1,866,000     2,739,038  

Innovent Biologics, Inc.b,c,d

   596,500     2,488,990  

Amoy Diagnostics Co., Ltd. A Shares

    256,686     2,415,457  

Zai Lab, Ltd. ADRc

   45,200     2,326,896  

Amoy Diagnostics Co., Ltd. A Shares

    210,434     1,979,911  

CStone Pharmaceuticalsb,c,d

   1,002,500     1,124,988  
    

 

 

 

           17,148,485  
    

 

 

 

Health Care Equipment & Supplies: 5.8%

     

AK Medical Holdings, Ltd.b,d

   1,924,000     4,162,195  

Venus MedTech Hangzhou, Inc. H Sharesb,c,d

   682,500     3,976,513  

China Isotope & Radiation Corp.

    655,000     1,639,055  
    

 

 

 

       9,777,763  
    

 

 

 

Pharmaceuticals: 3.3%

     

CanSino Biologics, Inc. H Sharesb,c,d

   275,600     4,394,941  

Asymchem Laboratories Tianjin Co., Ltd. A Shares

    49,609     1,188,644  
    

 

 

 

       5,583,585  
    

 

 

 

Life Sciences Tools & Services: 1.6%

     

Pharmaron Beijing Co., Ltd. H Sharesb,c,d

   265,800     1,703,732  

Genscript Biotech Corp.c

   556,000     889,943  
    

 

 

 

       2,593,675  
    

 

 

 

Health Care Technology: 1.4%

     

Winning Health Technology Group Co., Ltd. A Shares

    814,498     2,377,319  
    

 

 

 

Total Health Care

        37,480,827  
    

 

 

 

    

INFORMATION TECHNOLOGY: 18.7%

             

Software: 8.7%

     

Kingdee International Software Group Co., Ltd.

    6,913,000     9,092,968  

China Youzan, Ltd.c

   53,532,000     5,268,801  

Sangfor Technologies, Inc. A Shares

    14,093     312,394  
    

 

 

 

       14,674,163  
    

 

 

 

Semiconductors & Semiconductor Equipment: 8.1%

  

Silergy Corp.

    343,000     11,125,447  

WIN Semiconductors Corp.

    194,000     1,664,955  

Alchip Technologies, Ltd.

    131,000     845,845  
    

 

 

 

       13,636,247  
    

 

 

 

Communications Equipment: 1.0%

     

Accton Technology Corp.

    312,000     1,669,384  
    

 

 

 

IT Services: 0.9%

     

SUNeVision Holdings, Ltd.

    2,505,000     1,445,568  
    

 

 

 

Electronic Equipment, Instruments & Components: 0.0%

 

China High Precision Automation Group, Ltd.c,e

   195,000     252  
    

 

 

 

Total Information Technology

        31,425,614  
    

 

 

 

    
      Shares   Value  

CONSUMER STAPLES: 12.4%

             

Food Products: 7.5%

     

Jonjee Hi-Tech Industrial And Commercial Holding Co., Ltd. A Shares

    702,946     $4,708,377  

Sichuan Teway Food Group Co., Ltd. A Shares

    537,408     3,774,683  

Yihai International Holding, Ltd.

    327,000     2,463,127  

Sichuan Teway Food Group Co., Ltd. A Shares

    231,256     1,619,591  
    

 

 

 

           12,565,778  
    

 

 

 

Food & Staples Retailing: 3.8%

     

Jiajiayue Group Co., Ltd. A Shares

    1,384,235     6,292,703  
    

 

 

 

Personal Products: 1.1%

     

Proya Cosmetics Co., Ltd. A Shares

    116,100     1,865,129  
    

 

 

 

Total Consumer Staples

        20,723,610  
    

 

 

 

    

INDUSTRIALS: 11.7%

             

Commercial Services & Supplies: 5.6%

     

Ever Sunshine Lifestyle Services Group, Ltd.d

   3,484,000     4,346,534  

Greentown Service Group Co., Ltd.d

   3,416,000     4,109,257  

Sunny Friend Environmental Technology Co., Ltd.

    124,000     947,905  
    

 

 

 

       9,403,696  
    

 

 

 

Machinery: 2.6%

     

Airtac International Group

    181,000     2,668,897  

TK Group Holdings, Ltd.

    4,934,000     1,689,191  
    

 

 

 

       4,358,088  
    

 

 

 

Marine: 1.6%

     

SITC International Holdings Co., Ltd.

    2,962,000     2,757,076  
    

 

 

 

Professional Services: 1.2%

     

Centre Testing International Group Co., Ltd. A Shares

    943,161     2,020,252  
    

 

 

 

Transportation Infrastructure: 0.7%

     

Yuexiu Transport Infrastructure, Ltd.

    1,786,000     1,080,866  
    

 

 

 

Total Industrials

        19,619,978  
    

 

 

 

    

REAL ESTATE: 10.4%

             

Real Estate Management & Development: 10.4%

  

KWG Group Holdings, Ltd.

    3,777,000     5,292,267  

China Overseas Property Holdings, Ltd.

    5,095,000     4,747,965  

Times China Holdings, Ltd.

    2,434,000     4,010,886  

Aoyuan Healthy Life Group Co., Ltd.d

   4,103,000     3,396,771  
    

 

 

 

Total Real Estate

        17,447,889  
    

 

 

 

    

CONSUMER DISCRETIONARY: 10.1%

             

Diversified Consumer Services: 3.1%

     

China Yuhua Education Corp., Ltd.b,d

   3,834,000     2,812,589  

Koolearn Technology Holding, Ltd.b,c,d

   652,500     2,431,668  
    

 

 

 

       5,244,257  
    

 

 

 

Specialty Retail: 2.6%

     

China Meidong Auto Holdings, Ltd.

    2,832,000     4,390,107  
    

 

 

 

Household Durables: 2.4%

     

Joyoung Co., Ltd. A Shares

    1,003,036     3,951,486  
    

 

 

 

 


 

matthewsasia.com  |  800.789.ASIA   1

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

 

      Shares   Value  

Internet & Direct Marketing Retail: 2.0%

     

Hangzhou Onechance Tech Corp. A Sharesc

   104,700     $3,333,474  
    

 

 

 

Total Consumer Discretionary

        16,919,324  
    

 

 

 

    

COMMUNICATION SERVICES: 4.3%

             

Interactive Media & Services: 2.3%

     

JOYY, Inc.c

   71,900     3,829,394  
    

 

 

 

Entertainment: 1.1%

     

Bilibili, Inc. ADRc

   78,700     1,843,154  
    

 

 

 

Media: 0.9%

     

Mobvista, Inc.b,d

   3,298,000     1,590,380  
    

 

 

 

Total Communication Services

        7,262,928  
    

 

 

 

    

MATERIALS: 2.2%

             

Construction Materials: 2.2%

     

Asia Cement China Holdings Corp.

    3,757,500     3,765,251  
    

 

 

 

Total Materials

        3,765,251  
    

 

 

 

    

TOTAL INVESTMENTS: 92.1%

          154,645,421  

(Cost $132,692,049)

     
CASH AND OTHER ASSETS,
LESS LIABILITIES: 7.9%		        13,179,870  
    

 

 

 

NET ASSETS: 100.0%

        $167,825,291  
    

 

 

 

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 March 31, 2020, the aggregate value is $31,498,239, which is 18.77% of net assets.

 

c

Non-income producing security.

 

d

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

 

e

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. The aggregate value of Level 3 security is $252 and 0.00% 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