0001752724-22-123851.txt : 20220526 0001752724-22-123851.hdr.sgml : 20220526 20220526132300 ACCESSION NUMBER: 0001752724-22-123851 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220331 FILED AS OF DATE: 20220526 PERIOD START: 20221231 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: 22967778 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 S000023269 MATTHEWS EMERGING MARKETS SMALL COMPANIES FUND C000068052 Investor Class Shares MSMLX C000093230 Institutional Class Shares MISMX NPORT-P 1 primary_doc.xml NPORT-P false 0000923184 XXXXXXXX S000023269 C000068052 C000093230 Matthews International Funds 811-08510 0000923184 5493007IYPQKGSDVTS49 Four Embarcadero Center Suite 550 San Francisco 94111 415-788-7553 Matthews Emerging Markets Small Companies Fund S000023269 549300ID1GR4K6SHYI21 2022-12-31 2022-03-31 N 359132645.82 966052.81 358166593.01 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 2063026.08000000 N Hugel Inc N/A Hugel Inc 000000000 88838.00000000 NS 10127734.26000000 2.827660216685 Long EC CORP KR N 2 N N N Hua Hong Semiconductor Ltd 529900OXH3ZYLIMGB907 Hua Hong Semiconductor Ltd 000000000 112000.00000000 NS 467682.31000000 0.130576753702 Long EC CORP CN N 2 N N N GINLONG TECHNOLOGIES CO LTD N/A GINLONG TECHNOLOGIES CO LTD 000000000 229494.00000000 NS 7514024.51000000 2.097913277408 Long EC CORP CN N 2 N N N Ecopro BM Co Ltd N/A Ecopro BM Co Ltd 000000000 52242.00000000 NS 16882930.21000000 4.713708799058 Long EC CORP KR N 2 N N N Banco de Credito e Inversiones 549300E9E5Y3PKW24142 Banco de Credito e Inversiones SA 000000000 89121.00000000 NS 3210644.06000000 0.896410810683 Long EC CORP CL N 1 N N N Mobile World Investment Corp 254900ZRFNB8CRAHHO95 Mobile World Investment Corp 000000000 2016007.00000000 NS 12841189.47000000 3.585256056988 Long EC CORP VN N 2 N N N FPT Corp N/A FPT Corp 000000000 1208240.00000000 NS 5646158.11000000 1.576405566624 Long EC CORP VN N 2 N N N Network International Holdings 213800XVRNKWENNLKK60 Network International Holdings PLC 000000000 1784119.00000000 NS 6533461.77000000 1.824140469130 Long EC CORP AE N 2 N N N Lemon Tree Hotels Ltd 335800QFBWIUBBCRJN72 Lemon Tree Hotels Ltd 000000000 14664074.00000000 NS 12152610.73000000 3.393005089578 Long EC CORP IN N 2 N N N Medlive Technology Co Ltd N/A Medlive Technology Co Ltd 000000000 805500.00000000 NS 803938.32000000 0.224459325824 Long EC CORP CN N 2 N N N Morimatsu International Holdin 254900S979D8JU8HAB24 Morimatsu International Holdings Co Ltd 000000000 2341000.00000000 NS 2528072.90000000 0.705837157718 Long EC CORP CN N 2 N N N SITC International Holdings Co 529900JUV4MOM9CE3V12 SITC International Holdings Co Ltd 000000000 1555000.00000000 NS 5437379.20000000 1.518114560686 Long EC CORP HK N 2 N N N Shriram City Union Finance Ltd 335800FBXGCGMOP89292 Shriram City Union Finance Ltd 000000000 975026.00000000 NS 20840072.43000000 5.818541660980 Long EC CORP IN N 2 N N N Lundin Mining Corp 549300FQDIM6C8HTN269 Lundin Mining Corp 550372106 589400.00000000 NS 5973441.59000000 1.667783011195 Long EC CORP CA N 1 N N N Marico Ltd 3358003SFDQFGJPC5O84 Marico Ltd 000000000 617676.00000000 NS 4094772.37000000 1.143259156469 Long EC CORP IN N 2 N N N CTI N/A Centre Testing International Group Co Ltd 000000000 585338.00000000 NS 1809914.08000000 0.505327441286 Long EC CORP CN N 2 N N N Silergy Corp N/A Silergy Corp 000000000 166000.00000000 NS 19463634.73000000 5.434240688510 Long EC CORP CN N 2 N N N CIFI Ever Sunshine Services Gr N/A CIFI Ever Sunshine Services Group Ltd 000000000 1298000.00000000 NS 1730291.85000000 0.483096939739 Long EC CORP CN N 2 N N N CENTRE TESTING INTERNATIONAL GROUP CO LTD N/A CENTRE TESTING INTERNATIONAL GROUP CO LTD 000000000 1120674.00000000 NS 3458701.81000000 0.965668456383 Long EC CORP CN N 2 N N N GMR Power & Urban Infra Ltd - 3358008S2MTRWZ255P70 GMR Power & Urban Infra Ltd - Spun Off 000000000 680657.00000000 NS 301815.58000000 0.084266814909 Long EC CORP IN N 1 N N N Banco del Bajio SA 4469000001BD95FFLY16 Banco del Bajio SA 000000000 2784200.00000000 NS 7644301.76000000 2.134286644591 Long EC CORP MX N 1 N N N Bandhan Bank Ltd 335800Q13QAC32IOCH33 Bandhan Bank Ltd 000000000 3907519.00000000 NS 15739605.55000000 4.394492913961 Long EC CORP IN N 2 N N N Full Truck Alliance Co Ltd N/A Full Truck Alliance Co Ltd 35969L108 284100.00000000 NS USD 1894947.00000000 0.529068605777 Long EC CORP CN N 1 N N N Innovent Biologics Inc 25490058ONL9SCIE1R22 Innovent Biologics Inc 000000000 720500.00000000 NS 2424578.85000000 0.676941651543 Long EC CORP CN N 2 N N N Summarecon Agung Tbk PT 529900NX0EYVOH3TJZ08 Summarecon Agung Tbk PT 000000000 115798116.00000000 NS 6189667.99000000 1.728153353997 Long EC CORP ID N 2 N N N Andes Technology Corp 549300HYC94K4ELRHM60 Andes Technology Corp 000000000 568000.00000000 NS 7885391.28000000 2.201598762668 Long EC CORP TW N 2 N N N TCS Group Holding PLC 549300XQRN9MR54V1W18 TCS Group Holding PLC 87238U203 62962.00000000 NS USD 100518.83000000 0.028064825687 Long EC CORP CY N 3 N N N Ginlong Technologies Co Ltd N/A Ginlong Technologies Co Ltd 000000000 308137.00000000 NS 10107937.21000000 2.822132886558 Long EC CORP CN N 2 N N N BTN 2549009BLYOGL9ZLAW17 Bank Tabungan Negara Persero Tbk PT 000000000 66124500.00000000 NS 7870823.15000000 2.197531345359 Long EC CORP ID N 2 N N N Nam Long Investment Corp N/A Nam Long Investment Corp 000000000 698232.00000000 NS 1715273.69000000 0.478903874195 Long EC CORP VN N 2 N N N Military Commercial Joint Stoc 5493007XE88E8JRNTJ93 Military Commercial Joint Stock Bank 000000000 8012269.00000000 NS 11497383.65000000 3.210065895140 Long EC CORP VN N 2 N N N Flat Glass Group Co Ltd 300300BEL4RMXBKEA373 Flat Glass Group Co Ltd 000000000 1229000.00000000 NS 4692181.67000000 1.310055644935 Long EC CORP CN N 2 N N N Formosa Sumco Technology Corp N/A Formosa Sumco Technology Corp 000000000 857000.00000000 NS 8556713.04000000 2.389031586695 Long EC CORP TW N 2 N N N Parque Arauco SA 2549001WW2PV1Y0UEU97 Parque Arauco SA 000000000 7686285.00000000 NS 8019593.28000000 2.239067918815 Long EC CORP CL N 1 N N N Moscow Exchange MICEX-RTS PJSC 253400M5M1222KPNWE87 Moscow Exchange MICEX-RTS PJSC 000000000 2101250.00000000 NS 63968.52000000 0.017859990643 Long EC CORP RU N 3 N N N Yageo Corp 5493001P0TOZH7GGNQ21 Yageo Corp 000000000 362000.00000000 NS 5403621.95000000 1.508689547115 Long EC CORP TW N 2 N N N HeadHunter Group PLC 549300IMUCFEWXP6RU11 HeadHunter Group PLC 42207L106 15800.00000000 NS USD 6124.08000000 0.001709841207 Long EC CORP RU N 3 N N N Banco Pan SA 549300C24AZJIIZMBJ10 Banco Pan SA 000000000 1894000.00000000 NS 4212822.80000000 1.176218799356 Long EP CORP BR N 1 N N N Peijia Medical Ltd 300300VE46IBS1WO9M65 Peijia Medical Ltd 000000000 3137000.00000000 NS 2826534.23000000 0.789167467084 Long EC CORP CN N 2 N N N YDUQS Participacoes SA N/A YDUQS Participacoes SA 000000000 1224100.00000000 NS 5383823.74000000 1.503161893116 Long EC CORP BR N 1 N N N Xtep International Holdings Lt 529900ZZZZBTOKZQI549 Xtep International Holdings Ltd 000000000 2315500.00000000 NS 3460236.34000000 0.966096896676 Long EC CORP CN N 2 N N N HEG Ltd 335800E4LMUNWK4CCM21 HEG Ltd 000000000 169638.00000000 NS 3054421.06000000 0.852793398270 Long EC CORP IN N 2 N N N Vamos Locacao de Caminhoes Maq N/A Vamos Locacao de Caminhoes Maquinas e Equipamentos SA 000000000 4211700.00000000 NS 11314235.94000000 3.158931112172 Long EC CORP BR N 1 N N N Ashok Leyland Ltd 3358001BZKWERVWYCK35 Ashok Leyland Ltd 000000000 3350560.00000000 NS 5146815.53000000 1.436989275506 Long EC CORP IN N 2 N N N GMR Infrastructure Ltd 3358008S2MTRWZ255P70 GMR Infrastructure Ltd 000000000 7823651.00000000 NS 3786606.92000000 1.057219459854 Long EC CORP IN N 2 N N N BRAC Bank Ltd 254900EHCK80ARTPIK21 BRAC Bank Ltd 000000000 8219714.00000000 NS 4737834.57000000 1.322801920241 Long EC CORP BD N 1 N N N Solus Advanced Materials Co Lt 9884002P7C55T9XN1796 Solus Advanced Materials Co Ltd 000000000 121399.00000000 NS 6828209.02000000 1.906433808529 Long EC CORP KR N 2 N N N Cebu Air Inc 5493005IKXICEEJZJ743 Cebu Air Inc 000000000 9679500.00000000 NS 9005785.66000000 2.514412520809 Long EC CORP PH N 2 N N N AK Medical Holdings Ltd N/A AK Medical Holdings Ltd 000000000 2688000.00000000 NS 1587546.53000000 0.443242491338 Long EC CORP CN N 2 N N N M31 Technology Corp N/A M31 Technology Corp 000000000 407000.00000000 NS 4779374.20000000 1.334399771858 Long EC CORP TW N 2 N N N Legend Biotech Corp 254900EIUFZTW136H859 Legend Biotech Corp 52490G102 215659.00000000 NS USD 7837048.06000000 2.188101350865 Long EC CORP US N 1 N N N Mitra Adiperkasa Tbk PT N/A Mitra Adiperkasa Tbk PT 000000000 136713400.00000000 NS 8357104.86000000 2.333301045685 Long EC CORP ID N 2 N N N Finolex Cables Ltd 335800KAEKSMUCIH3795 Finolex Cables Ltd 000000000 1112319.00000000 NS 5519716.08000000 1.541102991658 Long EC CORP IN N 2 N N N Airtac International Group N/A Airtac International Group 000000000 285431.00000000 NS 9176856.26000000 2.562175378468 Long EC CORP CN N 2 N N N Phoenix Mills Ltd/The 33580037PCXCE5PNQU51 Phoenix Mills Ltd/The 000000000 1052735.00000000 NS 15215651.59000000 4.248205133295 Long EC CORP IN N 2 N N N OPT Machine Vision Tech Co Ltd N/A OPT Machine Vision Tech Co Ltd 000000000 40895.00000000 NS 1184201.68000000 0.330628736211 Long EC CORP CN N 2 N N N Sporton International Inc N/A Sporton International Inc 000000000 406900.00000000 NS 2667449.25000000 0.744750990756 Long EC CORP TW N 2 N N N Ford Otomotiv Sanayi AS 7890006XJG6ZE2H34671 Ford Otomotiv Sanayi AS 000000000 55765.00000000 NS 1135311.43000000 0.316978593804 Long EC CORP TR N 1 N N N 2022-05-20 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA910MATT033122.htm HTML
Matthews Emerging Markets Small Companies Fund    March 31, 2022

Schedule of Investmentsa (unaudited)

COMMON EQUITIES: 98.9%

 

      Shares      Value  
     

INDIA: 24.0%

      

Shriram City Union Finance, Ltd.

      975,026        $20,840,072  

Bandhan Bank, Ltd.b,c

     3,907,519        15,739,606  

Phoenix Mills, Ltd.

      1,052,735        15,215,652  

Lemon Tree Hotels, Ltd.b,c,d

     14,664,074        12,152,611  

Finolex Cables, Ltd.

      1,112,319        5,519,716  

Ashok Leyland, Ltd.

      3,350,560        5,146,815  

Marico, Ltd.

      617,676        4,094,772  

GMR Infrastructure, Ltd.d

     7,823,651        3,786,607  

HEG, Ltd.

      169,638        3,054,421  

GMR Power & Urban Infra, Ltd. - Spun Offd

     680,657        301,816  

Total India

         85,852,088  
          
     

CHINA/HONG KONG: 22.5%

      

Silergy Corp.

      166,000        19,463,635  

Ginlong Technologies Co., Ltd. A Shares

      308,137        10,107,937  

Airtac International Group

      285,431        9,176,856  

Ginlong Technologies Co., Ltd. A Shares

      229,494        7,514,024  

SITC International Holdings Co., Ltd.

      1,555,000        5,437,379  

Flat Glass Group Co., Ltd. H Shares

      1,229,000        4,692,182  

Xtep International Holdings, Ltd.

      2,315,500        3,460,236  

Centre Testing International Group Co., Ltd. A Shares

      1,120,674        3,458,702  

Peijia Medical, Ltd.b,c,d

     3,137,000        2,826,534  

Morimatsu International Holdings Co., Ltd.c,d

     2,341,000        2,528,073  

Innovent Biologics, Inc.b,c,d

     720,500        2,424,579  

Full Truck Alliance Co., Ltd. ADRd

     284,100        1,894,947  

Centre Testing International Group Co., Ltd. A Shares

      585,338        1,809,914  

CIFI Ever Sunshine Services Group, Ltd.c

     1,298,000        1,730,292  

AK Medical Holdings, Ltd.b,c

     2,688,000        1,587,547  

OPT Machine Vision Tech Co., Ltd. A Shares

      40,895        1,184,202  

Medlive Technology Co., Ltd.b,c,d

     805,500        803,938  

Hua Hong Semiconductor, Ltd.b,c,d

     112,000        467,682  

Total China/Hong Kong

         80,568,659  
          
     

SOUTH KOREA: 9.4%

      

Ecopro BM Co., Ltd.

      52,242        16,882,930  

Hugel, Inc.d

     88,838        10,127,734  

Solus Advanced Materials Co., Ltd.

      121,399        6,828,209  

Total South Korea

         33,838,873  
          
     

VIETNAM: 8.8%

      

Mobile World Investment Corp.

      2,016,007        12,841,189  

Military Commercial Joint Stock Bankd

     8,012,269        11,497,384  

FPT Corp.

      1,208,240        5,646,158  

Nam Long Investment Corp.

      698,232        1,715,274  

Total Vietnam

         31,700,005  
          
     

TAIWAN: 8.2%

      

Formosa Sumco Technology Corp.

      857,000        8,556,713  

Andes Technology Corp.

      568,000        7,885,392  

Yageo Corp.

      362,000        5,403,622  

M31 Technology Corp.

      407,000        4,779,374  

Sporton International, Inc.

      406,900        2,667,449  

Total Taiwan

         29,292,550  
          
     

INDONESIA: 6.3%

      

PT Mitra Adiperkasad

     136,713,400        8,357,105  
      Shares      Value  

PT Bank Tabungan Negara Persero

      66,124,500        $7,870,823  

PT Summarecon Agungd

     115,798,116        6,189,668  

Total Indonesia

         22,417,596  
          
     

CHILE: 4.8%

      

Parque Arauco SAd

     7,686,285        8,019,593  

Lundin Mining Corp.

      589,400        5,973,442  

Banco de Credito e Inversiones SA

      89,121        3,210,644  

Total Chile

         17,203,679  
          
     

BRAZIL: 4.7%

      

Vamos Locacao de Caminhoes Maquinas e Equipamentos SA

      4,211,700        11,314,236  

YDUQS Participacoes SA

      1,224,100        5,383,824  

Total Brazil

         16,698,060  
          
     

PHILIPPINES: 2.5%

      

Cebu Air, Inc.d

     9,679,500        9,005,786  

Total Philippines

         9,005,786  
          
     

UNITED STATES: 2.2%

      

Legend Biotech Corp. ADRd

     215,659        7,837,048  

Total United States

         7,837,048  
          
     

MEXICO: 2.1%

      

Banco del Bajio SAb,c

     2,784,200        7,644,302  

Total Mexico

         7,644,302  
          
     

UNITED ARAB EMIRATES: 1.8%

      

Network International Holdings PLCb,c,d

     1,784,119        6,533,462  

Total United Arab Emirates

         6,533,462  
          
     

BANGLADESH: 1.3%

      

BRAC Bank, Ltd.

      8,219,714        4,737,835  

Total Bangladesh

         4,737,835  
          
     

TURKEY: 0.3%

      

Ford Otomotiv Sanayi AS

      55,765        1,135,311  

Total Turkey

         1,135,311  
          
     

RUSSIA: 0.0%

      

TCS Group Holding PLC GDRc,e

     62,962        100,519  

Moscow Exchange MICEX-RTS PJSCe

     2,101,250        63,968  

HeadHunter Group PLCe

     15,800        6,124  

Total Russia

         170,611  
          
     

TOTAL COMMON EQUITIES

         354,635,865  

(Cost $304,895,670)

      
 

 

matthewsasia.com  |   800.789.ASIA    1

Matthews Emerging Markets Small Companies Fund    March 31, 2022

Schedule of Investmentsa (unaudited) (continued)

 

PREFERRED EQUITIES: 1.2%

      
      Shares      Value  
     

BRAZIL: 1.2%

      

Banco Pan SA

      1,894,000        $4,212,823  

Total Brazil

         4,212,823  
          
     

TOTAL PREFERRED EQUITIES

         4,212,823  

(Cost $4,025,045)

      
          
     

TOTAL INVESTMENTS: 100.1%

         358,848,688  

(Cost $308,920,715)

      

LIABILITIES IN EXCESS OF CASH

AND OTHER ASSETS: (0.1%)

         (517,557 ) 

NET ASSETS: 100.0%

         $358,331,131  
           

 

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, 2022, the aggregate value is $50,180,261, which is 14.00% of net assets.
c   The securities may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.
d   Non-income producing security.
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 $170,611 and 0.05% of net assets.
ADR   American Depositary Receipt
GDR   Global Depositary Receipt
PJSC   Public Joint Stock Co.

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