NPORT-EX 2 MIMA120MATT093021.htm FOR VALIDATION PURPOSES ONLY - [239746.TXA]
Matthews Emerging Markets Equity Fund    September 30, 2021

Schedule of Investmentsa (unaudited)

COMMON EQUITIES: 90.9%

 

     Shares     Value  
CHINA/HONG KONG: 25.8%    

Tencent Holdings, Ltd.

     48,400       $2,889,420  

AIA Group, Ltd.

     123,000       1,415,042  

Midea Group Co., Ltd. A Shares

     85,600       920,426  

Wuxi Biologics Cayman, Inc.b,c,d

    56,500       916,447  

Alibaba Group Holding, Ltd.c

    47,400       877,561  

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

    328,400       858,489  

JD.com, Inc. ADRc

    11,200       809,088  

Yum China Holdings, Inc.

     12,900       749,619  

Techtronic Industries Co., Ltd.

     36,000       711,416  

Centre Testing International Group Co., Ltd. A Shares

     162,700       637,791  

BeiGene, Ltd. ADRc

    1,600       580,800  

Weimob, Inc.b,c,d

    392,000       565,821  

Jiumaojiu International Holdings, Ltd.b,d

    168,000       506,003  

NARI Technology Co., Ltd. A Shares

     83,200       460,528  

Estun Automation Co., Ltd. A Shares

     124,400       420,662  

KE Holdings, Inc. ADRc

    16,900       308,594  

Meituan B Sharesb,c,d

    8,700       277,717  
   

 

 

  

Total China/Hong Kong

       13,905,424  
   

 

 

  
   
     
INDIA: 12.0%    

Infosys, Ltd. ADR

     64,400       1,432,900  

HDFC Bank, Ltd. ADR

     19,100       1,396,019  

Dabur India, Ltd.

     123,978       1,028,747  

Reliance Industries, Ltd.

     24,202       819,112  

Avenue Supermarts, Ltd.b,c,d

    14,280       815,142  

Kotak Mahindra Bank, Ltd.

     27,938       751,880  

Matrimony.com, Ltd.b,d

    20,332       263,457  
   

 

 

  

Total India

       6,507,257  
   

 

 

  
   
     
RUSSIA: 8.4%    

LUKOIL PJSC ADR

     17,524       1,664,331  

Novatek PJSC GDRd

    5,080       1,330,071  

Fix Price Group, Ltd. GDRd

    108,400       966,848  

Polymetal International PLC

     32,958       556,869  
   

 

 

  

Total Russia

       4,518,119  
   

 

 

  
   
     
TAIWAN: 6.7%    

Taiwan Semiconductor Manufacturing Co., Ltd.

     175,000       3,619,365  
   

 

 

  

Total Taiwan

       3,619,365  
   

 

 

  
   
     
MEXICO: 6.2%    

Grupo Aeroportuario del Sureste SAB de CV ADR

     5,000       935,000  

Prologis Property Mexico SA de CV, REIT

     424,498       921,735  

GCC SAB de CV

     121,400       909,552  

Grupo Financiero Banorte SAB de CV Class O

     88,400       567,749  
   

 

 

  

Total Mexico

       3,334,036  
   

 

 

  
   
     
VIETNAM: 5.2%    

FPT Corp.

     409,348       1,669,753  

Military Commercial Joint Stock Bankc

    689,880       838,534  

Sai Gon Cargo Service Corp.

     51,200       307,065  
   

 

 

  

Total Vietnam

       2,815,352  
   

 

 

  
   
     
BRAZIL: 5.0%    

Vale SA ADR

     71,200       993,240  

Banco BTG Pactual SA

     196,300       906,929  
     Shares     Value  

Hapvida Participacoes e Investimentos SAb,d

    262,500       $655,075  

Magazine Luiza SA

     54,400       143,249  
   

 

 

  

Total Brazil

       2,698,493  
   

 

 

  
   
     
SINGAPORE: 4.8%    

Capitaland Investment, Ltd.c

    607,900       1,522,212  

Sea, Ltd. ADRc

    3,400       1,083,682  
   

 

 

  

Total Singapore

       2,605,894  
   

 

 

  
   
     
SOUTH KOREA: 4.0%    

LG Chem Ltd.

     1,755       1,138,241  

Kia Corp.

     15,145       1,022,841  
   

 

 

  

Total South Korea

       2,161,082  
   

 

 

  
   
     
PHILIPPINES: 2.6%    

Wilcon Depot, Inc.

     1,657,100       891,187  

Ayala Land, Inc.

     817,500       533,614  
   

 

 

  

Total Philippines

       1,424,801  
   

 

 

  
   
     
ISRAEL: 2.4%    

Nice, Ltd. ADRc

    4,600       1,306,584  
   

 

 

  

Total Israel

       1,306,584  
   

 

 

  
   
     
ZAMBIA: 2.3%    

First Quantum Minerals, Ltd.

     67,100       1,242,298  
   

 

 

  

Total Zambia

       1,242,298  
   

 

 

  
   
     
NETHERLANDS: 1.7%    

Heineken NV

     8,769       915,263  
   

 

 

  

Total Netherlands

       915,263  
   

 

 

  
   
     
FRANCE: 1.3%    

LVMH Moet Hennessy Louis Vuitton SE

     959       686,897  
   

 

 

  

Total France

       686,897  
   

 

 

  
   
     
UNITED STATES: 1.0%    

Globant SAc

    1,900       533,919  
   

 

 

  

Total United States

       533,919  
   

 

 

  
   
     
POLAND: 0.9%    

Allegro.eu SAb,c,d

    33,471       486,843  
   

 

 

  

Total Poland

       486,843  
   

 

 

  
   
     
ARGENTINA: 0.6%    

MercadoLibre, Inc.c

    200       335,880  
   

 

 

  

Total Argentina

       335,880  
   

 

 

  
   
     
TOTAL COMMON EQUITIES       49,097,507  
   

 

 

  

(Cost $46,489,847)

    
 

 

     matthewsasia.com  |  800.789.ASIA      1  
Matthews Emerging Markets Equity Fund    September 30, 2021

Schedule of Investmentsa (unaudited) (continued)

 

PREFERRED EQUITIES: 6.4%

    
     Shares     Value  
     
SOUTH KOREA: 6.4%    

Samsung Electronics Co., Ltd., Pfd.

     59,471       $3,469,461  
   

 

 

  

Total South Korea

       3,469,461  
   

 

 

  
   
     
TOTAL PREFERRED EQUITIES       3,469,461  
   

 

 

  

(Cost $3,080,725)

    
   
     
TOTAL INVESTMENTS: 97.3%       52,566,968  

(Cost $49,570,572)

    
   
CASH AND OTHER ASSETS,
LESS LIABILITIES: 2.7%		       1,430,988  
   

 

 

  

NET ASSETS: 100.0%

       $53,997,956  
   

 

 

  
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, 2021, the aggregate value is $5,344,994, which is 9.90% 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.

 

ADR

American Depositary Receipt

 

GDR

Global Depositary Receipt

 

Pfd.

Preferred

 

REIT

Real Estate Investment Trust

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