NPORT-EX 2 MIMA800MattIndiaFd.htm HTML
Matthews India Fund    September 30, 2020
Schedule of Investmentsa (unaudited)   

COMMON EQUITIES: 100.8%

 

      Shares      Value 

FINANCIALS: 29.7%

      

Banks: 19.3%

      

HDFC Bank, Ltd.b

      3,131,494        $45,969,747  

Kotak Mahindra Bank, Ltd.b

      1,309,532        22,610,282  

ICICI Bank, Ltd.b

      4,557,661        22,037,425  

Bandhan Bank, Ltd.b,c,d

      3,861,146        14,416,776  

Axis Bank, Ltd.b

      1,036,245        5,997,138  

DCB Bank, Ltd.b

      5,440,926        5,797,704  
     

 

 

 

            116,829,072  
     

 

 

 

Consumer Finance: 4.6%

      

Shriram City Union Finance, Ltd.

      1,126,320        14,493,434  

Bajaj Finance, Ltd.

      297,583        13,332,302  
     

 

 

 

        27,825,736  
     

 

 

 

Thrifts & Mortgage Finance: 4.0%

 

Housing Development Finance Corp., Ltd.

      894,755        21,208,107  

Aavas Financiers, Ltd.b

      138,820        2,701,478  
     

 

 

 

        23,909,585  
     

 

 

 

Capital Markets: 1.1%

      

Multi Commodity Exchange of India, Ltd.

      249,386        5,847,169  

Indian Energy Exchange, Ltd.c,d

      340,227        961,239  
     

 

 

 

        6,808,408  
     

 

 

 

Insurance: 0.7%

      

HDFC Life Insurance Co., Ltd.b,c,d

      588,556        4,468,033  
     

 

 

 

Total Financials

         179,840,834  
     

 

 

 

     
 

INFORMATION TECHNOLOGY: 18.9%

 

IT Services: 18.9%

      

Infosys, Ltd.

      2,725,662        37,478,260  

Tata Consultancy Services, Ltd.

      739,922        25,033,361  

Wipro, Ltd.

      3,032,888        12,906,680  

Mindtree, Ltd.

      621,186        11,289,093  

Larsen & Toubro Infotech, Ltd.c,d

      322,421        11,148,747  

Tech Mahindra, Ltd.

      804,159        8,654,786  

Mphasis, Ltd.

      448,125        8,422,467  
     

 

 

 

Total Information Technology

 

      114,933,394  
     

 

 

 

     
 

CONSUMER STAPLES: 12.0%

 

Food Products: 3.7%

      

Zydus Wellness, Ltd.

      765,700        19,085,066  

Britannia Industries, Ltd.

      61,251        3,161,138  
     

 

 

 

        22,246,204  
     

 

 

 

Tobacco: 2.8%

      

VST Industries, Ltd.

      387,428        17,210,758  
     

 

 

 

Personal Products: 2.7%

      

Dabur India, Ltd.

      1,259,242        8,728,649  

Marico, Ltd.

      1,575,701        7,761,386  
     

 

 

 

        16,490,035  
     

 

 

 

Household Products: 1.8%

      

Hindustan Unilever, Ltd.

      385,463        10,832,557  
     

 

 

 

      Shares      Value 

Food & Staples Retailing: 1.0%

      

Avenue Supermarts, Ltd.b,c,d

      194,745        $5,822,101  
     

 

 

 

Total Consumer Staples

             72,601,655  
     

 

 

 

     
     

ENERGY: 10.9%

      

Oil, Gas & Consumable Fuels: 10.9%

 

Reliance Industries, Ltd.

      2,085,712        63,255,291  

Reliance Industries, Ltd.

      142,346        2,611,473  
     

 

 

 

Total Energy

         65,866,764  
     

 

 

 

     
 

CONSUMER DISCRETIONARY: 8.2%

 

Household Durables: 3.7%

 

Crompton Greaves Consumer Electricals, Ltd.b

      2,124,491        8,428,118  

Amber Enterprises India, Ltd.

      193,104        5,347,784  

Whirlpool of India, Ltd.

      168,537        5,028,869  

Symphony, Ltd.

      291,839        3,765,296  
     

 

 

 

        22,570,067  
     

 

 

 

Automobiles: 3.7%

      

Hero MotoCorp, Ltd.

      198,226        8,460,967  

Eicher Motors, Ltd.

      244,653        7,360,838  

Suzuki Motor Corp.

      145,500        6,232,909  
     

 

 

 

        22,054,714  
     

 

 

 

Multiline Retail: 0.8%

      

Trent, Ltd.

      536,951        4,900,713  
     

 

 

 

Total Consumer Discretionary

         49,525,494  
     

 

 

 

     
     

HEALTH CARE: 7.2%

      

Pharmaceuticals: 3.3%

      

Laurus Labs, Ltd.c,d

      2,387,800        9,333,038  

Caplin Point Laboratories, Ltd.

      837,689        6,303,262  

Lupin, Ltd.

      331,368        4,530,662  
     

 

 

 

        20,166,962  
     

 

 

 

Life Sciences Tools & Services: 1.6%

 

Divi’s Laboratories, Ltd.

      122,065        5,053,572  

Syngene International, Ltd.b,c,d

      591,996        4,453,198  
     

 

 

 

        9,506,770  
     

 

 

 

Health Care Equipment & Supplies: 1.3%

 

Poly Medicure, Ltd.

      1,297,911        8,092,748  
     

 

 

 

Health Care Providers & Services: 1.0%

 

Metropolis Healthcare, Ltd.c,d

      233,464        5,685,340  
     

 

 

 

Total Health Care

           43,451,820  
     

 

 

 

     
     

COMMUNICATION SERVICES: 7.1%

      

Interactive Media & Services: 4.0%

 

Info Edge India, Ltd.

      484,460        23,918,907  
     

 

 

 

Wireless Telecommunication Services: 1.5%

 

Bharti Airtel, Ltd.

      1,633,265        9,338,260  
     

 

 

 

Media: 0.9%

      

Affle India, Ltd.b

      143,747        5,626,643  
     

 

 

 

 

 

 



 

matthewsasia.com  |  800.789.ASIA   1

Matthews India Fund    September 30, 2020
Schedule of Investmentsa (unaudited) (continued)   

 

COMMON EQUITIES (continued)

 

      Shares      Value 

Entertainment: 0.7%

      

PVR, Ltd.

      257,774        $4,232,253  
     

 

 

 

Total Communication Services

         43,116,063  
     

 

 

 

     
     

MATERIALS: 4.6%

      

Chemicals: 3.6%

      

PI Industries, Ltd.

      299,723        8,017,943  

Pidilite Industries, Ltd.

      354,443        6,898,384  

Asian Paints, Ltd.

      252,496        6,803,385  
     

 

 

 

        21,719,712  
     

 

 

 

Construction Materials: 1.0%

 

Ambuja Cements, Ltd.

      2,210,044        6,505,444  
     

 

 

 

Total Materials

         28,225,156  
     

 

 

 

     
     

INDUSTRIALS: 2.2%

      

Machinery: 1.9%

      

AIA Engineering, Ltd.

      256,866        6,450,038  

Ashok Leyland, Ltd.

      4,843,660        4,923,229  
     

 

 

 

        11,373,267  
     

 

 

 

Air Freight & Logistics: 0.3%

      

Blue Dart Express, Ltd.b

      41,345        1,791,955  
     

 

 

 

Total Industrials

         13,165,222  
     

 

 

 

     
   

TOTAL INVESTMENTS: 100.8%

 

      610,726,402  

(Cost $525,711,457)

      

LIABILITIES IN EXCESS OF CASH

 

AND OTHER ASSETS: (0.8%)

 

      (4,565,283 ) 
     

 

 

 

NET ASSETS: 100.0%

           $606,161,119  
     

 

 

 

 

 

 

 

 

 

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, 2020, the aggregate value is $56,288,472, which is 9.29% 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.

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