0001752724-22-123854.txt : 20220526 0001752724-22-123854.hdr.sgml : 20220526 20220526132300 ACCESSION NUMBER: 0001752724-22-123854 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: 22967781 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 S000001036 MATTHEWS INDIA FUND C000002794 Investor Class Shares MINDX C000093228 Institutional Class Shares MIDNX NPORT-P 1 primary_doc.xml NPORT-P false 0000923184 XXXXXXXX S000001036 C000002794 C000093228 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Ltd 000000000 82912.00000000 NS 4795705.01000000 0.688676781210 Long EC CORP IN N 2 N N N Cholamandalam Investment and F 3358008DNPV45O4EII52 Cholamandalam Investment and Finance Co Ltd 000000000 1251733.00000000 NS 11787983.63000000 1.692787735347 Long EC CORP IN N 2 N N N Gati Ltd 335800RFFZE43SKB5A30 Gati Ltd 000000000 1569045.00000000 NS 3365634.22000000 0.483314577633 Long EC CORP IN N 2 N N N Crompton Greaves Consumer Elec 335800DIIEEWMH3UDH51 Crompton Greaves Consumer Electricals Ltd 000000000 1327386.00000000 NS 6528869.29000000 0.937564065805 Long EC CORP IN N 2 N N N Sun Pharmaceutical Industries 335800KJ7GE29LB4SS73 Sun Pharmaceutical Industries Ltd 000000000 819735.00000000 NS 9866441.15000000 1.416848809302 Long EC CORP IN N 2 N N N Ramco Cements Ltd/The 3358003MPDJN515PDG51 Ramco Cements Ltd/The 000000000 718756.00000000 NS 7248579.77000000 1.040916523001 Long EC CORP IN N 2 N N N Pidilite Industries Ltd 335800APXGEBZ349GN74 Pidilite Industries Ltd 000000000 215797.00000000 NS 6970009.69000000 1.000913072907 Long EC CORP IN N 2 N N N Asian Paints Ltd 335800HEHXGYRUNERD75 Asian Paints Ltd 000000000 181000.00000000 NS 7324022.81000000 1.051750356576 Long EC CORP IN N 2 N N N Quess Corp Ltd 335800IMP1C9KOQZDK11 Quess Corp Ltd 000000000 555334.00000000 NS 4815905.92000000 0.691577688928 Long EC CORP IN N 2 N N N Siemens Ltd 335800HJQJFZ3CJLJ709 Siemens Ltd 000000000 167621.00000000 NS 5211074.68000000 0.748325038714 Long EC CORP IN N 2 N N N Dabur India Ltd 335800MJPUA2E1FSFL38 Dabur India Ltd 000000000 2265484.00000000 NS 15976149.43000000 2.294220170475 Long EC CORP IN N 2 N N N Shriram City Union Finance Ltd 335800FBXGCGMOP89292 Shriram City Union Finance Ltd 000000000 1100949.00000000 NS 23531533.42000000 3.379194645801 Long EC CORP IN N 2 N N N Hindustan Unilever Ltd 5493007IW5N37IKRPM32 Hindustan Unilever Ltd 000000000 619309.00000000 NS 16662054.60000000 2.392718089698 Long EC CORP IN N 2 N N N Zydus Wellnes Ltd 335800YCS4FG8P1D1Y21 Zydus Wellnes Ltd 000000000 320155.00000000 NS 6322418.46000000 0.907917143656 Long EC CORP IN N 2 N N N Poly Medicure Ltd 335800XM9YRKFWFVXO61 Poly Medicure Ltd 000000000 378047.00000000 NS 4726278.14000000 0.678706886635 Long EC CORP IN N 2 N N N Kotak Mahindra Bank Ltd 335800E6GTTXKHXE2I75 Kotak Mahindra Bank Ltd 000000000 1037045.00000000 NS 23817446.08000000 3.420252511117 Long EC CORP IN N 2 N N N FSN E-Commerce Ventures Ltd 335800X5BJYC18NHDQ91 FSN E-Commerce Ventures Ltd 000000000 297036.00000000 NS 6568861.04000000 0.943306994031 Long EC CORP IN N 2 N N N Restaurant Brands Asia Ltd 335800NJ2UVPX11GIH32 Restaurant Brands Asia Ltd 000000000 4107970.00000000 NS 5423454.27000000 0.778823347540 Long EC CORP IN N 2 N N N VST Industries Ltd 335800JW3EQAV3RB8F15 VST Industries Ltd 000000000 155859.00000000 NS 6291355.86000000 0.903456466584 Long EC CORP IN N 2 N N N IndusInd Bank Ltd 335800JDVJ8HSXG9G512 IndusInd Bank Ltd 000000000 882442.00000000 NS 10797244.24000000 1.550514761363 Long EC CORP IN N 2 N N N Birlasoft Ltd 335800287UMX47DWBF82 Birlasoft Ltd 000000000 1054022.00000000 NS 6266914.08000000 0.899946557959 Long EC CORP IN N 2 N N N Greaves Cotton Ltd 335800M8Q4J931FEF919 Greaves Cotton Ltd 000000000 2186848.00000000 NS 5470155.44000000 0.785529767424 Long EC CORP IN N 2 N N N Gujarat Fluorochemicals Ltd 335800AQPB19VEXI8M93 Gujarat Fluorochemicals Ltd 000000000 138598.00000000 NS 4993694.28000000 0.717108599450 Long EC CORP IN N 2 N N N Tata Consultancy Services Ltd 335800ZJKU9GPQRE2U66 Tata Consultancy Services Ltd 000000000 570158.00000000 NS 28020640.69000000 4.023843125798 Long EC CORP IN N 2 N N N Trent Ltd 335800IYA8EHI7MW7G59 Trent Ltd 000000000 361133.00000000 NS 6044069.92000000 0.867945507331 Long EC CORP IN N 2 N N N Lemon Tree Hotels Ltd 335800QFBWIUBBCRJN72 Lemon Tree Hotels Ltd 000000000 16990621.00000000 NS 14080698.39000000 2.022028048889 Long EC CORP IN N 2 N N N Axis Bank Ltd 549300HVNWMJPOFVNI41 Axis Bank Ltd 000000000 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2 N N N Reliance Industries Ltd 5493003UOETFYRONLG31 Reliance Industries Ltd 000000000 1515039.00000000 NS 52401526.37000000 7.525007154477 Long EC CORP IN N 2 N N N Tech Mahindra Ltd 3358005FZUZ1I25XQH69 Tech Mahindra Ltd 000000000 567989.00000000 NS 11175179.23000000 1.604787293113 Long EC CORP IN N 2 N N N HDFC Bank Ltd 335800ZQ6I4E2JXENC50 HDFC Bank Ltd 000000000 2514826.00000000 NS 48435113.66000000 6.955419089243 Long EC CORP IN N 2 N N N Laurus Labs Ltd 335800S8HO8QRYP3VQ26 Laurus Labs Ltd 000000000 1745549.00000000 NS 13521203.89000000 1.941683058828 Long EC CORP IN N 2 N N N Bajaj Finance Ltd 335800YTEXC3DO4Z6F68 Bajaj Finance Ltd 000000000 302672.00000000 NS 28744245.11000000 4.127754763774 Long EC CORP IN N 2 N N N Carborundum Universal Ltd 335800T32DYFKLROEO23 Carborundum Universal Ltd 000000000 642449.00000000 NS 6728486.01000000 0.966229590461 Long EC CORP IN N 2 N N N Infosys Ltd 335800TYLGG93MM7PR89 Infosys Ltd 000000000 2101774.00000000 NS 52634004.62000000 7.558391687632 Long EC CORP IN N 2 N N N Info Edge India Ltd 335800MXUVHTBF9DEC78 Info Edge India Ltd 000000000 144489.00000000 NS 8548490.71000000 1.227587404582 Long EC CORP IN N 2 N N N Gujarat Pipavav Port Ltd 335800Y6JBMRA4Y8TA95 Gujarat Pipavav Port Ltd 000000000 5896635.00000000 NS 5927510.18000000 0.851207199534 Long EC CORP IN N 2 N N N HCL Technologies Ltd 549300C1F8OLYSOQYB65 HCL Technologies Ltd 000000000 912265.00000000 NS 13942006.64000000 2.002111521961 Long EC CORP IN N 2 N N N 2022-05-20 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA800MATT033122.htm HTML
Matthews India Fund    March 31, 2022

Schedule of Investmentsa (unaudited)

COMMON EQUITIES: 97.8%

 

      Shares      Value  
     

FINANCIALS: 35.0%

      

Banks: 23.4%

      

HDFC Bank, Ltd.

      2,514,826        $48,435,114  

ICICI Bank, Ltd.

      4,055,302        38,679,378  

Kotak Mahindra Bank, Ltd.

      1,037,045        23,817,446  

Bandhan Bank, Ltd.b,c

     5,302,861        21,360,086  

Axis Bank, Ltd.d

     1,988,691        19,799,177  

IndusInd Bank, Ltd.

      882,442        10,797,244  
        162,888,445  
          

Consumer Finance: 9.2%

      

Bajaj Finance, Ltd.

      302,672        28,744,245  

Shriram City Union Finance, Ltd.

      1,100,949        23,531,533  

Cholamandalam Investment and Finance Co., Ltd.

      1,251,733        11,787,984  
        64,063,762  
          

Thrifts & Mortgage Finance: 2.4%

      

Housing Development Finance Corp., Ltd.

      531,450        16,617,424  

Total Financials

         243,569,631  
          
 

INFORMATION TECHNOLOGY: 18.1%

 

IT Services: 17.2%

 

   

Infosys, Ltd.

      2,101,774        52,634,005  

Tata Consultancy Services, Ltd.

      570,158        28,020,641  

HCL Technologies, Ltd.

      912,265        13,942,007  

Tech Mahindra, Ltd.

      567,989        11,175,179  

Persistent Systems, Ltd.

      111,022        6,943,710  

Larsen & Toubro Infotech, Ltd.b,c

     82,548        6,655,850  
        119,371,392  
          

Software: 0.9%

      

Birlasoft, Ltd.

      1,054,022        6,266,914  

Total Information Technology

         125,638,306  
          
 

CONSUMER DISCRETIONARY: 9.8%

 

Hotels, Restaurants & Leisure: 2.8%

 

   

Lemon Tree Hotels, Ltd.b,c,d

     16,990,621        14,080,699  

Restaurant Brands Asia, Ltd.d

     4,107,970        5,423,454  
        19,504,153  
          

Automobiles: 2.4%

      

Maruti Suzuki India, Ltd.

      170,208        16,890,932  
          

Auto Components: 1.1%

 

   

Bosch, Ltd.

      23,940        4,540,331  

Varroc Engineering, Ltd.b,c,d

     640,727        2,905,686  
        7,446,017  
          

Internet & Direct Marketing Retail: 0.9%

      

FSN E-Commerce Ventures, Ltd.d

     297,036        6,568,861  
          

Household Durables: 0.9%

      

Crompton Greaves Consumer Electricals, Ltd.

      1,327,386        6,528,869  
          

Multiline Retail: 0.9%

      

Trent, Ltd.

      361,133        6,044,070  

 

      Shares      Value  

Textiles, Apparel & Luxury Goods: 0.8%

 

   

Page Industries, Ltd.

      9,337        $5,300,674  

Total Consumer Discretionary

         68,283,576  
          
     

INDUSTRIALS: 7.7%

      

Machinery: 4.1%

      

Ashok Leyland, Ltd.

      8,065,601        12,389,619  

Cummins India, Ltd.

      732,249        10,772,881  

Greaves Cotton, Ltd.

      2,186,848        5,470,155  
        28,632,655  
          

Transportation Infrastructure: 0.9%

      

Gujarat Pipavav Port, Ltd.

      5,896,635        5,927,510  
          

Electrical Equipment: 0.8%

      

ABB India, Ltd.

      191,822        5,443,251  
          

Industrial Conglomerates: 0.7%

      

Siemens, Ltd.

      167,621        5,211,075  
          

Professional Services: 0.7%

      

Quess Corp., Ltd.b,c

     555,334        4,815,906  
          

Air Freight & Logistics: 0.5%

 

   

Gati, Ltd.d

     1,569,045        3,365,634  

Total Industrials

         53,396,031  
          
     

ENERGY: 7.5%

      

Oil, Gas & Consumable Fuels: 7.5%

 

   

Reliance Industries, Ltd.

      1,515,039        52,401,526  

Total Energy

         52,401,526  
          
     

CONSUMER STAPLES: 7.2%

      

Personal Products: 4.7%

 

   

Hindustan Unilever, Ltd.

      619,309        16,662,055  

Dabur India, Ltd.

      2,265,484        15,976,149  
        32,638,204  
          

Food Products: 0.9%

      

Zydus Wellness, Ltd.

      320,155        6,322,418  
          

Tobacco: 0.9%

      

VST Industries, Ltd.

      155,859        6,291,356  
          

Food & Staples Retailing: 0.7%

      

Avenue Supermarts, Ltd.b,c,d

     93,595        4,922,076  

Total Consumer Staples

         50,174,054  
          
     

MATERIALS: 5.7%

      

Chemicals: 3.7%

 

   

Asian Paints, Ltd.

      181,000        7,324,023  

Pidilite Industries, Ltd.

      215,797        6,970,010  

Carborundum Universal, Ltd.

      642,449        6,728,486  

Gujarat Fluorochemicals, Ltd.

      138,598        4,993,694  
        26,016,213  
          

Construction Materials: 2.0%

      

Ramco Cements, Ltd.

      718,756        7,248,580  
 

 

matthewsasia.com  |   800.789.ASIA    1

Matthews India Fund    March 31, 2022

Schedule of Investmentsa (unaudited) (continued)

COMMON EQUITIES (continued)

 

      Shares      Value  

Ambuja Cements, Ltd.

      1,604,191        $6,302,020  
        13,550,600  

Total Materials

         39,566,813  
          
     

HEALTH CARE: 5.6%

      

Pharmaceuticals: 4.2%

      

Laurus Labs, Ltd.b,c

     1,745,549        13,521,204  

Sun Pharmaceutical Industries, Ltd.

      819,735        9,866,441  

Neuland Laboratories, Ltd.

      433,785        5,854,733  
        29,242,378  
          

Life Sciences Tools & Services: 0.7%

 

Divi’s Laboratories, Ltd.

      82,912        4,795,705  
          

Health Care Equipment & Supplies: 0.7%

 

Poly Medicure, Ltd.

      378,047        4,726,278  

Total Health Care

         38,764,361  
          
     

COMMUNICATION SERVICES: 1.2%

      

Interactive Media & Services: 1.2%

      

Info Edge India, Ltd.

      144,489        8,548,491  

Total Communication Services

         8,548,491  
          
     

TOTAL COMMON EQUITIES

         680,342,789  

(Cost $543,302,820)

      

NON-CONVERTIBLE CORPORATE BONDS: 0.0%

 

      Face Amount      Value  
     

CONSUMER STAPLES: 0.0%

      

Food Products: 0.0%

      

Britannia Industries, Ltd.
5.500%, 06/03/2024

      INR 1,996,476        26,515  

Total Consumer Staples

         26,515  
          
   

TOTAL NON-CONVERTIBLE CORPORATE BONDS

 

      26,515  

(Cost $27,434)

      
              Value  
     

TOTAL INVESTMENTS: 97.8%

         $680,369,304  

(Cost $543,330,254)

      

CASH AND OTHER ASSETS,

LESS LIABILITIES: 2.2%

         15,604,721  

NET ASSETS: 100.0%

         $695,974,025  
     
           

 

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 $68,261,507, which is 9.81% 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.
INR   Indian Rupee

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