0001752724-22-123853.txt : 20220526 0001752724-22-123853.hdr.sgml : 20220526 20220526132300 ACCESSION NUMBER: 0001752724-22-123853 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: 22967782 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 S000001032 MATTHEWS CHINA FUND C000002790 Investor Class Shares MCHFX C000093224 Institutional Class Shares MICFX NPORT-P 1 primary_doc.xml NPORT-P false 0000923184 XXXXXXXX S000001032 C000002790 C000093224 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Matthews China Fund    March 31, 2022

Schedule of Investmentsa (unaudited)

COMMON EQUITIES: 99.5%

 

      Shares      Value  
     

CONSUMER DISCRETIONARY: 27.4%

      

Internet & Direct Marketing Retail: 22.4%

      

Alibaba Group Holding, Ltd.b

     6,613,600        $90,253,899  

JD.com, Inc. A Sharesb

     1,844,613        52,414,483  

Meituan B Sharesb,c,d

     2,538,600        48,091,089  

Pinduoduo, Inc. ADRb

     1,142,500        45,825,675  
        236,585,146  
          

Specialty Retail: 3.4%

      

China Tourism Group Duty Free Corp., Ltd. A Shares

      788,590        20,246,395  

Zhongsheng Group Holdings, Ltd.

      2,306,500        16,217,540  
        36,463,935  
          

Household Durables: 1.6%

      

Midea Group Co., Ltd. A Shares

      1,875,052        16,692,643  

Total Consumer Discretionary

         289,741,724  
          
     

INFORMATION TECHNOLOGY: 16.9%

      

Semiconductors & Semiconductor Equipment: 9.6%

 

LONGi Green Energy Technology Co., Ltd. A Shares

      1,377,609        15,502,489  

Beijing Huafeng Test & Control Technology Co., Ltd. A Shares

      215,959        15,289,502  

Gigadevice Semiconductor Beijing, Inc. A Shares

      635,180        13,983,885  

Hangzhou Silan Microelectronics Co., Ltd. A Shares

      1,841,109        13,925,252  

Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. A Shares

      1,406,589        13,173,330  

Will Semiconductor Co., Ltd. Shanghai A Shares

      341,319        10,292,183  

All Winner Technology Co., Ltd. A Shares

      1,174,132        9,877,146  

Cambricon Technologies Corp., Ltd. A Sharesb

     508,825        5,082,568  

NAURA Technology Group Co., Ltd. A Shares

      109,541        4,671,082  
        101,797,437  
          

Software: 5.3%

      

Shanghai Baosight Software Co., Ltd. A Shares

      2,611,096        19,935,568  

Thunder Software Technology Co., Ltd. A Shares

      1,051,366        16,269,546  

Beijing Kingsoft Office Software, Inc. A Shares

      343,879        10,100,113  

Kingdee International Software Group Co., Ltd.b

     2,204,000        4,828,801  

Sangfor Technologies, Inc. A Shares

      256,149        4,479,840  
        55,613,868  
          

Electronic Equipment, Instruments & Components: 2.0%

 

Wingtech Technology Co., Ltd. A Shares

      868,906        11,031,112  

Xiamen Faratronic Co., Ltd. A Shares

      338,009        10,635,520  
        21,666,632  

Total Information Technology

         179,077,937  
      Shares      Value  
     

FINANCIALS: 14.9%

      

Capital Markets: 9.8%

      

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

     17,366,400        $38,392,186  

CITIC Securities Co., Ltd. H Shares

      15,212,925        34,869,580  

China Merchants Securities Co., Ltd. H Sharesc,d

     17,230,000        20,164,936  

Hong Kong Exchanges & Clearing, Ltd.

      225,900        10,588,684  
        104,015,386  
          

Banks: 5.1%

      

China Merchants Bank Co., Ltd. A Shares

      7,317,523        53,574,501  

Total Financials

         157,589,887  
          
     

INDUSTRIALS: 12.0%

      

Machinery: 7.0%

      

Shenzhen Inovance Technology Co., Ltd. A Shares

      2,534,207        22,584,675  

Wuxi Lead Intelligent Equipment Co., Ltd. A Shares

      2,000,516        18,237,921  

Estun Automation Co., Ltd. A Shares

      4,895,425        15,376,360  

Weichai Power Co., Ltd. A Shares

      4,602,861        9,612,767  

Jiangsu Hengli Hydraulic Co., Ltd. A Shares

      1,050,400        8,560,943  
        74,372,666  
          

Electrical Equipment: 3.8%

      

Sungrow Power Supply Co., Ltd. A Shares

      941,874        15,767,643  

NARI Technology Co., Ltd. A Shares

      2,184,564        10,744,915  

Gotion High-tech Co., Ltd. A Sharesb

     1,456,583        7,809,124  

Contemporary Amperex Technology Co., Ltd. A Shares

      77,000        6,149,962  
        40,471,644  
          

Transportation Infrastructure: 1.2%

      

Shanghai International Airport Co., Ltd. A Sharesb

     1,558,351        11,996,295  

Total Industrials

         126,840,605  
          
     

COMMUNICATION SERVICES: 8.8%

      

Interactive Media & Services: 7.4%

      

Tencent Holdings, Ltd.

      1,685,500        77,692,016  
          

Entertainment: 1.4%

      

Bilibili, Inc. ADRb

     588,200        15,046,156  

Total Communication Services

         92,738,172  
          
     

HEALTH CARE: 6.6%

      

Life Sciences Tools & Services: 2.3%

      

Hangzhou Tigermed Consulting Co., Ltd. A Shares

      665,331        11,199,039  

Pharmaron Beijing Co., Ltd. H Sharesc,d

     852,200        10,248,883  

Wuxi Biologics Cayman, Inc.b,c,d

     408,500        3,243,736  
        24,691,658  
          

Health Care Equipment & Supplies: 2.1%

      

Shenzhen Mindray Bio-Medical Electronics Co., Ltd. A Shares

      237,173        11,437,752  

Shenzhen New Industries Biomedical Engineering Co., Ltd. A Shares

      2,065,357        11,029,438  
        22,467,190  
 

 

matthewsasia.com  |   800.789.ASIA    1

Matthews China Fund    March 31, 2022

Schedule of Investmentsa (unaudited) (continued)

COMMON EQUITIES (continued)

 

     

Shares

      Value  

Pharmaceuticals: 1.7%

      

Jiangsu Hengrui Medicine Co., Ltd. A Shares

      3,038,333        $17,533,247  
          

Health Care Providers & Services: 0.5%

      

Topchoice Medical Corp. A Sharesb

     215,491        4,825,740  

Total Health Care

         69,517,835  
          
     

MATERIALS: 5.1%

      

Chemicals: 4.1%

      

Shanghai Putailai New Energy Technology Co., Ltd. A Shares

      927,593        20,336,372  

Shandong Sinocera Functional Material Co., Ltd. A Shares

      2,119,924        11,478,940  

Wanhua Chemical Group Co., Ltd. A Shares

      470,818        5,957,248  

Skshu Paint Co., Ltd. A Shares

      361,126        5,021,660  
        42,794,220  
          

Construction Materials: 1.0%

      

China Jushi Co., Ltd. A Shares

      4,509,189        10,753,742  

Total Materials

         53,547,962  
          
     

REAL ESTATE: 4.5%

      

Real Estate Management & Development: 4.5%

 

   

CIFI Holdings Group Co., Ltd.

      31,934,000        18,610,221  

Times China Holdings, Ltd.

      34,008,000        11,249,249  

KE Holdings, Inc. ADRb

     711,100        8,796,307  

KWG Living Group Holdings, Ltd.d

     23,653,000        8,719,101  

Total Real Estate

         47,374,878  
          
     

CONSUMER STAPLES: 3.3%

      

Beverages: 2.3%

      

Wuliangye Yibin Co., Ltd. A Shares

      779,619        18,892,114  

Shanxi Xinghuacun Fen Wine Factory Co., Ltd. A Shares

      127,922        5,104,617  
        23,996,731  
      Shares      Value  

Food Products: 1.0%

      

Anjoy Foods Group Co., Ltd. A Shares

      641,923        $11,097,060  

Total Consumer Staples

         35,093,791  
          
     

TOTAL INVESTMENTS: 99.5%

         1,051,522,791  

(Cost $1,296,585,397)

      

CASH AND OTHER ASSETS,

LESS LIABILITIES: 0.5%

      

 

5,794,426

 

NET ASSETS: 100.0%

         $1,057,317,217  
           

 

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, 2022, the aggregate value is $120,140,830, which is 11.36% 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.
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