NPORT-EX 2 MIMA800MattIndiaFd.htm HTML
Matthews India Fund    March 31, 2021
Schedule of Investmentsa (unaudited)   

 

COMMON EQUITIES: 101.5%

 

      Shares      Value 

FINANCIALS: 36.8%

 

Banks: 23.5%

 

HDFC Bank, Ltd.b

     3,039,887        $62,225,706  

ICICI Bank, Ltd.b

     4,771,332        38,167,930  

Kotak Mahindra Bank, Ltd.b

     1,053,049        25,362,659  

Bandhan Bank, Ltd.b,c,d

     4,067,773        19,028,054  

Axis Bank, Ltd.b

     1,731,961        16,627,445  

DCB Bank, Ltd.b

     4,854,216        6,837,637  
     

 

 

 

        168,249,431  
     

 

 

 

Consumer Finance: 7.4%

      

Bajaj Finance, Ltd.

      300,534        21,276,724  

Shriram City Union Finance, Ltd.

      1,120,472        20,947,519  

SBI Cards & Payment Services, Ltd.

      447,123        5,698,129  

Mahindra & Mahindra Financial Services, Ltd.b

     1,672,307        4,564,098  
     

 

 

 

        52,486,470  
     

 

 

 

Thrifts & Mortgage Finance: 4.7%

      

Housing Development Finance Corp., Ltd.

      833,613        28,642,405  

LIC Housing Finance, Ltd.

      854,679        5,029,815  
     

 

 

 

        33,672,220  
     

 

 

 

Capital Markets: 0.7%

      

Multi Commodity Exchange of India, Ltd.

      249,386        5,167,616  
     

 

 

 

Insurance: 0.5%

      

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

     388,212        3,704,959  
     

 

 

 

Total Financials

             263,280,696  
     

 

 

 

     
 

INFORMATION TECHNOLOGY: 16.9%

 

IT Services: 16.1%

      

Infosys, Ltd.

      2,333,958        43,794,859  

Tata Consultancy Services, Ltd.

      590,419        25,725,662  

Mindtree, Ltd.

      395,369        11,289,422  

Tech Mahindra, Ltd.

      776,151        10,555,473  

HCL Technologies, Ltd.

      674,237        9,087,475  

Larsen & Toubro Infotech, Ltd.c,d

     145,275        8,076,945  

Wipro, Ltd.

      1,146,148        6,504,769  
     

 

 

 

        115,034,605  
     

 

 

 

Software: 0.8%

      

Birlasoft, Ltd.

      1,587,034        5,518,023  
     

 

 

 

Total Information Technology

         120,552,628  
     

 

 

 

     
     

CONSUMER STAPLES: 11.5%

      

Food Products: 3.0%

      

Zydus Wellness, Ltd.

      651,949        17,580,141  

Britannia Industries, Ltd.

      75,527        3,755,385  
     

 

 

 

        21,335,526  
     

 

 

 

Personal Products: 2.4%

      

Dabur India, Ltd.

      1,625,510        12,036,587  

Marico, Ltd.

      981,025        5,532,217  
     

 

 

 

        17,568,804  
     

 

 

 

Food & Staples Retailing: 2.2%

      

Avenue Supermarts, Ltd.b,c,d

     397,387        15,569,247  
     

 

 

 

 

 

      Shares      Value 

Household Products: 2.1%

      

Hindustan Unilever, Ltd.

      443,146        $14,780,080  
     

 

 

 

Tobacco: 1.8%

      

VST Industries, Ltd.

      285,776        13,245,175  
     

 

 

 

Total Consumer Staples

         82,498,832  
     

 

 

 

     
     

ENERGY: 8.1%

      

Oil, Gas & Consumable Fuels: 8.1%

      

Reliance Industries, Ltd.

      2,024,412        55,663,691  

Reliance Industries, Ltd. - partially paid

      141,310        2,118,298  
     

 

 

 

Total Energy

         57,781,989  
     

 

 

 

     
     

CONSUMER DISCRETIONARY: 7.6%

      

Automobiles: 1.9%

      

Eicher Motors, Ltd.

      204,656        7,313,945  

Mahindra & Mahindra, Ltd.

      563,184        6,155,370  
     

 

 

 

            13,469,315  
     

 

 

 

Household Durables: 1.5%

      

Crompton Greaves Consumer Electricals, Ltd.

      1,295,734        6,967,563  

Whirlpool of India, Ltd.

      138,483        4,222,350  
     

 

 

 

        11,189,913  
     

 

 

 

Multiline Retail: 1.1%

      

Trent, Ltd.

      802,019        8,261,333  
     

 

 

 

Hotels, Restaurants & Leisure: 1.1%

      

Burger King India, Ltd.b

     2,333,250        4,102,365  

Delta Corp., Ltd.

      1,646,476        3,665,912  
     

 

 

 

        7,768,277  
     

 

 

 

Textiles, Apparel & Luxury Goods: 1.0%

 

Vaibhav Global, Ltd.

      133,713        7,032,847  
     

 

 

 

Auto Components: 1.0%

      

Bosch, Ltd.

      36,275        7,009,871  
     

 

 

 

Total Consumer Discretionary

         54,731,556  
     

 

 

 

     
     

HEALTH CARE: 7.5%

      

Pharmaceuticals: 4.1%

      

Laurus Labs, Ltd.c,d

     2,337,543        11,600,809  

Neuland Laboratories, Ltd.

      346,716        9,945,473  

Alembic Pharmaceuticals, Ltd.

      380,092        5,023,089  

Natco Pharma, Ltd.

      194,187        2,196,620  
     

 

 

 

        28,765,991  
     

 

 

 

Health Care Providers & Services: 1.3%

 

Metropolis Healthcare, Ltd.c,d

     224,616        6,893,467  

Thyrocare Technologies, Ltd.c,d

     205,309        2,538,048  
     

 

 

 

        9,431,515  
     

 

 

 

Health Care Equipment & Supplies: 1.3%

 

Poly Medicure, Ltd.b

     831,815        9,380,925  
     

 

 

 

Life Sciences Tools & Services: 0.8%

      

Divi’s Laboratories, Ltd.b

     115,806        5,747,553  
     

 

 

 

Total Health Care

         53,325,984  
     

 

 

 

 


 

1   MATTHEWS ASIA FUNDS

Matthews India Fund    March 31, 2021
Schedule of Investmentsa (unaudited) (continued)   

 

COMMON EQUITIES (continued)

     

Shares

      Value 
     

INDUSTRIALS: 5.2%

      

Machinery: 3.1%

      

Ashok Leyland, Ltd.

      7,493,566        $11,687,464  

AIA Engineering, Ltd.

      244,958        6,890,084  

Carborundum Universal, Ltd.

      509,746        3,559,115  
     

 

 

 

        22,136,663  
     

 

 

 

Professional Services: 0.6%

      

Quess Corp., Ltd.b,c,d

     470,085        4,506,826  
     

 

 

 

Trading Companies & Distributors: 0.6%

 

IndiaMart InterMesh, Ltd.c,d

     40,366        4,280,892  
     

 

 

 

Electrical Equipment: 0.5%

      

ABB India, Ltd.

      190,099        3,675,518  
     

 

 

 

Transportation Infrastructure: 0.4%

      

Gujarat Pipavav Port, Ltd.

      2,054,168        2,733,921  
     

 

 

 

Total Industrials

             37,333,820  
     

 

 

 

     
     

COMMUNICATION SERVICES: 4.6%

      

Interactive Media & Services: 3.9%

      

Info Edge India, Ltd.b

     434,782        25,551,594  

Just Dial, Ltd.b

     195,133        2,313,921  
     

 

 

 

        27,865,515  
     

 

 

 

Entertainment: 0.7%

      

PVR, Ltd.

      321,278        5,416,274  
     

 

 

 

Total Communication Services

         33,281,789  
     

 

 

 

     
     

MATERIALS: 3.3%

      

Chemicals: 3.3%

      

Pidilite Industries, Ltd.

      389,392        9,661,130  

 

      Shares      Value   

PI Industries, Ltd.

      249,775        $7,727,840  

Asian Paints, Ltd.

      170,548        5,933,861  
     

 

 

 

Total Materials

         23,322,831  
     

 

 

 

     
     

TOTAL INVESTMENTS: 101.5%

         726,110,125  

(Cost $528,832,457)

      

LIABILITIES IN EXCESS OF CASH

AND OTHER ASSETS: (1.5%)

         (10,875,137 ) 
     

 

 

 

NET ASSETS: 100.0%

         $ 715,234,988  
     

 

 

 

 

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 March 31, 2021, the aggregate value is $76,199,247, which is 10.65% 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).

 


 

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