| Matthews Asia Growth Fund | September 30, 2022 | |||
| Schedule of Investmentsa (unaudited) | ||||
COMMON EQUITIES: 99.5%
|
Shares |
Value | |||||||
| JAPAN: 31.0% |
||||||||
| Daiichi Sankyo Co., Ltd. |
882,900 | $24,677,821 | ||||||
| GMO Payment Gateway, Inc. |
346,500 | 23,752,959 | ||||||
| Terumo Corp. |
748,100 | 21,029,260 | ||||||
| Keyence Corp. |
55,500 | 18,346,110 | ||||||
| Japan Elevator Service Holdings Co., Ltd. |
1,194,100 | 15,625,204 | ||||||
| OBIC Business Consultants Co., Ltd. |
504,400 | 15,568,594 | ||||||
| Ono Pharmaceutical Co., Ltd. |
563,900 | 13,171,991 | ||||||
| Shin-Etsu Chemical Co., Ltd. |
126,900 | 12,557,620 | ||||||
| SHIFT, Inc.b |
89,200 | 11,643,385 | ||||||
| Sony Group Corp. |
171,800 | 11,066,405 | ||||||
| SoftBank Group Corp. |
325,100 | 11,018,001 | ||||||
| Hitachi, Ltd. |
233,100 | 9,919,827 | ||||||
| Nintendo Co., Ltd. |
245,000 | 9,881,904 | ||||||
| Kyoritsu Maintenance Co., Ltd. |
189,500 | 7,829,701 | ||||||
| Shimano, Inc. |
46,600 | 7,291,273 | ||||||
| Toyota Motor Corp. |
556,800 | 7,277,629 | ||||||
| CyberAgent, Inc. |
843,800 | 7,104,887 | ||||||
| giftee, Inc.b |
271,500 | 3,724,711 | ||||||
|
|
|
| ||||||
| Total Japan |
231,487,282 | |||||||
|
|
|
| ||||||
| CHINA/HONG KONG: 26.8% |
||||||||
| Shenzhen Inovance Technology Co., Ltd. A Shares |
2,764,112 | 22,206,092 | ||||||
| BeiGene, Ltd. ADRb |
156,155 | 21,052,817 | ||||||
| Innovent Biologics, Inc.b,c,d |
5,511,000 | 16,937,048 | ||||||
| Silergy Corp. |
1,216,000 | 15,859,011 | ||||||
| Tencent Holdings, Ltd. |
436,700 | 14,750,118 | ||||||
| Alibaba Group Holding, Ltd.b |
1,399,700 | 13,968,081 | ||||||
| InnoCare Pharma, Ltd.b,c,d |
13,191,000 | 13,286,561 | ||||||
| Hangzhou Tigermed Consulting Co., Ltd. H Sharesc,d |
1,572,100 | 12,639,249 | ||||||
| H World Group, Ltd. |
3,570,400 | 12,166,128 | ||||||
| Pinduoduo, Inc. ADRb |
181,280 | 11,344,502 | ||||||
| XPeng, Inc. A Sharesb |
1,665,050 | 9,882,404 | ||||||
| RemeGen Co., Ltd. H Sharesb,c,d |
1,990,000 | 9,500,987 | ||||||
| Medlive Technology Co., Ltd.c,d |
6,873,500 | 7,831,731 | ||||||
| JD Health International, Inc.b,c,d |
1,093,400 | 6,228,386 | ||||||
| JD.com, Inc. A Shares |
233,035 | 5,879,049 | ||||||
| Bilibili, Inc. Class Zb |
316,400 | 4,859,408 | ||||||
| Zhaoke Ophthalmology, Ltd.b,c,d |
4,238,633 | 1,404,648 | ||||||
|
|
|
| ||||||
| Total China/Hong Kong |
199,796,220 | |||||||
|
|
|
| ||||||
| INDIA: 24.5% |
||||||||
| HDFC Bank, Ltd. |
2,237,334 | 38,762,925 | ||||||
| Bajaj Finance, Ltd. |
372,236 | 33,258,562 | ||||||
| Dabur India, Ltd. |
4,264,847 | 29,887,107 | ||||||
| FSN E-Commerce Ventures, Ltd.b |
1,309,523 | 20,258,318 | ||||||
| Avenue Supermarts, Ltd.b,c,d |
318,181 | 17,022,347 | ||||||
| Zomato, Ltd.b |
18,407,237 | 13,929,081 | ||||||
| Asian Paints, Ltd. |
319,055 | 13,043,488 | ||||||
| Crompton Greaves Consumer Electricals, Ltd. |
1,753,753 | 8,834,823 | ||||||
| Reliance Industries, Ltd. |
264,250 | 7,669,084 | ||||||
|
|
|
| ||||||
| Total India |
182,665,735 | |||||||
|
|
|
| ||||||
| INDONESIA: 5.2% |
||||||||
| PT Bank Rakyat Indonesia Persero Tbk |
127,941,100 | 37,444,863 | ||||||
| Shares | Value | |||||||
| PT Mayora Indah Tbk |
14,518,000 | $1,742,064 | ||||||
|
|
|
| ||||||
| Total Indonesia |
39,186,927 | |||||||
|
|
|
| ||||||
| UNITED STATES: 4.2% |
||||||||
| Atlassian Corp. PLC Class Ab |
75,000 | 15,794,250 | ||||||
| Legend Biotech Corp. ADRb |
373,038 | 15,219,950 | ||||||
|
|
|
| ||||||
| Total United States |
31,014,200 | |||||||
|
|
|
| ||||||
| AUSTRALIA: 3.9% |
||||||||
| CSL, Ltd. |
158,210 | 28,773,203 | ||||||
|
|
|
| ||||||
| Total Australia |
28,773,203 | |||||||
|
|
|
| ||||||
| VIETNAM: 1.2% |
||||||||
| Vietnam Dairy Products JSC |
3,031,210 | 9,151,415 | ||||||
|
|
|
| ||||||
| Total Vietnam |
9,151,415 | |||||||
|
|
|
| ||||||
| NEW ZEALAND: 1.1% |
||||||||
| Xero, Ltd.b |
184,469 | 8,536,597 | ||||||
|
|
|
| ||||||
| Total New Zealand |
8,536,597 | |||||||
|
|
|
| ||||||
| SINGAPORE: 1.1% |
||||||||
| Sea, Ltd. ADRb |
140,200 | 7,858,210 | ||||||
|
|
|
| ||||||
| Total Singapore |
7,858,210 | |||||||
|
|
|
| ||||||
| TAIWAN: 0.5% |
||||||||
| Taiwan Semiconductor Manufacturing Co., Ltd. ADR |
53,889 | 3,694,630 | ||||||
|
|
|
| ||||||
| Total Taiwan |
3,694,630 | |||||||
|
|
|
| ||||||
| TOTAL INVESTMENTS: 99.5% |
742,164,419 | |||||||
| (Cost $929,201,506) |
||||||||
| CASH AND OTHER ASSETS, |
||||||||
| LESS LIABILITIES: 0.5% |
3,845,021 | |||||||
|
|
|
| ||||||
| NET ASSETS: 100.0% |
$746,009,440 | |||||||
|
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|
| ||||||
| 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 September 30, 2022, the aggregate value is $84,850,957, which is 11.37% 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 |
| JSC | 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).
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