0001752724-22-271671.txt : 20221128 0001752724-22-271671.hdr.sgml : 20221128 20221128163926 ACCESSION NUMBER: 0001752724-22-271671 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220930 FILED AS OF DATE: 20221128 DATE AS OF CHANGE: 20221128 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: 221426050 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 2022-09-30 N 347297702.48 1772121.76 345525580.72 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 12991917.85000000 N Wiwynn Corp 254900FV2R15PMKXFL69 Wiwynn Corp 000000000 38000.00000000 NS 960269.46000000 0.277915591082 Long EC CORP TW N 2 N N N Morimatsu International Holdin 254900S979D8JU8HAB24 Morimatsu International Holdings Co Ltd 000000000 2341000.00000000 NS 2368385.55000000 0.685444343965 Long EC CORP CN N 2 N N N Andes Technology Corp 549300HYC94K4ELRHM60 Andes Technology Corp 000000000 590000.00000000 NS 7247217.57000000 2.097447475494 Long EC CORP TW N 2 N N N Legend Biotech Corp 254900EIUFZTW136H859 Legend Biotech Corp 52490G102 335381.00000000 NS USD 13683544.80000000 3.960211794300 Long EC CORP US N 1 N N N Mitra Adiperkasa Tbk PT N/A Mitra Adiperkasa Tbk PT 000000000 130901900.00000000 NS 9087310.18000000 2.629996355425 Long EC CORP ID N 2 N N N Banco de Credito e Inversiones 549300E9E5Y3PKW24142 Banco de Credito e Inversiones SA 000000000 96524.99996700 NS 2452986.02000000 0.709928918978 Long EC CORP CL N 1 N N N Ashok Leyland Ltd 3358001BZKWERVWYCK35 Ashok Leyland Ltd 000000000 3350560.00000000 NS 6238413.99000000 1.805485422237 Long EC CORP IN N 2 N N N FPT Corp N/A FPT Corp 000000000 1449888.00000000 NS 4866941.60000000 1.408561875464 Long EC CORP VN N 2 N N N Rainbow Children's Medicare Lt 894500O094S259NC7H64 Rainbow Children's Medicare Ltd 000000000 184518.00000000 NS 1422012.20000000 0.411550484058 Long EC CORP IN N 2 N N N Lemon Tree Hotels Ltd 335800QFBWIUBBCRJN72 Lemon Tree Hotels Ltd 000000000 12992281.00000000 NS 13755926.32000000 3.981160032011 Long EC CORP IN N 2 N N N Solus Advanced Materials Co Lt 9884002P7C55T9XN1796 Solus Advanced Materials Co Ltd 000000000 139346.00000000 NS 2866077.61000000 0.829483479639 Long EC CORP KR N 2 N N N Phoenix Mills Ltd/The 33580037PCXCE5PNQU51 Phoenix Mills Ltd/The 000000000 990836.00000000 NS 16923148.52000000 4.897799023949 Long EC CORP IN N 2 N N N Nam Long Investment Corp N/A Nam Long Investment Corp 000000000 698232.00000000 NS 878438.72000000 0.254232615185 Long EC CORP VN N 2 N N N Shriram City Union Finance Ltd 335800FBXGCGMOP89292 Shriram City Union Finance Ltd 000000000 961408.00000000 NS 20531541.52000000 5.942119097873 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 4096100.00000000 NS 10380061.92000000 3.004137030424 Long EC CORP BR N 1 N N N Xtep International Holdings Lt 529900ZZZZBTOKZQI549 Xtep International Holdings Ltd 000000000 2529500.00000000 NS 2662420.68000000 0.770542277782 Long EC CORP CN N 2 N N N M31 Technology Corp N/A M31 Technology Corp 000000000 407000.00000000 NS 4592993.05000000 1.329277282576 Long EC CORP TW N 2 N N N Medlive Technology Co Ltd N/A Medlive Technology Co Ltd 000000000 2176000.00000000 NS 2479354.86000000 0.717560434985 Long EC CORP CN N 2 N N N Silergy Corp N/A Silergy Corp 000000000 720000.00000000 NS 9390203.92000000 2.717658096524 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 3187788.00000000 0.922591025925 Long EC CORP CN N 2 N N N OPT Machine Vision Tech Co Ltd N/A OPT Machine Vision Tech Co Ltd 000000000 117094.64000000 NS 2574690.34000000 0.745151874033 Long EC CORP CN N 2 N N N Marico Ltd 3358003SFDQFGJPC5O84 Marico Ltd 000000000 654980.00000000 NS 4311806.76000000 1.247897985155 Long EC CORP IN N 2 N N N AK Medical Holdings Ltd N/A AK Medical Holdings Ltd 000000000 3364000.00000000 NS 3291290.65000000 0.952546159720 Long EC CORP CN N 2 N N N SITC International Holdings Co 529900JUV4MOM9CE3V12 SITC International Holdings Co Ltd 000000000 1555000.00000000 NS 2851768.36000000 0.825342179892 Long EC CORP HK N 2 N N N ASPEED Technology Inc N/A ASPEED Technology Inc 000000000 15000.00000000 NS 825564.02000000 0.238929927642 Long EC CORP TW N 2 N N N Ford Otomotiv Sanayi AS 7890006XJG6ZE2H34671 Ford Otomotiv Sanayi AS 000000000 97236.00000000 NS 1712919.05000000 0.495743049307 Long EC CORP TR N 2 N N N REGAL GROUP 300300LBYCJWUTE07R10 Hainan Meilan International Airport Co Ltd 000000000 1979000.00000000 NS 4728328.20000000 1.368445193014 Long EC CORP CN N 2 N N N HEG Ltd 335800E4LMUNWK4CCM21 HEG Ltd 000000000 169638.00000000 NS 2184524.97000000 0.632232486361 Long EC CORP IN N 2 N N N Poya International Co Ltd N/A Poya International Co Ltd 000000000 211610.00000000 NS 2609444.53000000 0.755210229171 Long EC CORP TW N 2 N N N Full Truck Alliance Co Ltd N/A Full Truck Alliance Co Ltd 35969L108 516311.00000000 NS USD 3381837.05000000 0.978751571143 Long EC CORP CN N 1 N N N Ginlong Technologies Co Ltd N/A Ginlong Technologies Co Ltd 000000000 367406.00000000 NS 11406560.65000000 3.301220310875 Long EC CORP CN N 2 N N N Parque Arauco SA 2549001WW2PV1Y0UEU97 Parque Arauco SA 000000000 8448535.00000000 NS 7331297.61000000 2.121781430689 Long EC CORP CL N 1 N N N Banco Pan SA 549300C24AZJIIZMBJ10 Banco Pan SA 000000000 2974000.00000000 NS 3848196.72000000 1.113722669094 Long EP CORP BR N 1 N N N Military Commercial Joint Stoc 5493007XE88E8JRNTJ93 Military Commercial Joint Stock Bank 000000000 9614722.00000000 NS 7978133.15000000 2.308984803201 Long EC CORP VN N 2 N N N Moscow Exchange MICEX-RTS PJSC 253400M5M1222KPNWE87 Moscow Exchange MICEX-RTS PJSC 000000000 2101250.00000000 NS 34904.49000000 0.010101854087 Long EC CORP RU N 3 N N N Siam Wellness Group Pcl N/A Siam Wellness Group Pcl 000000000 2622600.00000000 NS 693236.96000000 0.200632601081 Long EC CORP TH N 2 N N N Bandhan Bank Ltd 335800Q13QAC32IOCH33 Bandhan Bank Ltd 000000000 5872973.00000000 NS 19095465.47000000 5.526498336305 Long EC CORP IN N 2 N N N Flat Glass Group Co Ltd 300300BEL4RMXBKEA373 Flat Glass Group Co Ltd 000000000 1229000.00000000 NS 2973880.64000000 0.860683204352 Long EC CORP CN N 2 N N N Yageo Corp 5493001P0TOZH7GGNQ21 Yageo Corp 000000000 362000.00000000 NS 3055641.53000000 0.884345964670 Long EC CORP TW N 2 N N N Hugel Inc N/A Hugel Inc 000000000 99317.00000000 NS 7023188.83000000 2.032610383105 Long EC CORP KR N 2 N N N GMR Infrastructure Ltd 3358008S2MTRWZ255P70 GMR Infrastructure Ltd 000000000 7823651.00000000 NS 3394993.82000000 0.982559326845 Long EC CORP IN N 2 N N N Ginlong Technologies Co Ltd N/A Ginlong Technologies Co Ltd 000000000 137341.00000000 NS 4235129.26000000 1.225706429947 Long EC CORP CN N 2 N N N YDUQS Participacoes SA N/A YDUQS Participacoes SA 000000000 1747800.00000000 NS 4681881.97000000 1.355002995796 Long EC CORP BR N 1 N N N Network International Holdings 213800XVRNKWENNLKK60 Network International Holdings PLC 000000000 2327969.00000000 NS 7875860.17000000 2.279385553332 Long EC CORP AE N 1 N N N TCS Group Holding PLC 549300XQRN9MR54V1W18 TCS Group Holding PLC 87238U203 62962.00000000 NS USD 1259.24000000 0.000364441902 Long EC CORP CY N 3 N N N Lundin Mining Corp 549300FQDIM6C8HTN269 Lundin Mining Corp 550372106 589400.00000000 NS 2978254.61000000 0.861949093260 Long EC CORP CA N 1 N N N Innovent Biologics Inc 25490058ONL9SCIE1R22 Innovent Biologics Inc 000000000 885500.00000000 NS 2721421.89000000 0.787618064147 Long EC CORP CN N 2 N N N Mobile World Investment Corp 254900ZRFNB8CRAHHO95 Mobile World Investment Corp 000000000 4032014.00000000 NS 10751076.07000000 3.111513783609 Long EC CORP VN N 2 N N N Airtac International Group N/A Airtac International Group 000000000 285431.00000000 NS 6530452.57000000 1.890005526187 Long EC CORP CN N 2 N N N CIFI Ever Sunshine Services Gr N/A CIFI Ever Sunshine Services Group Ltd 000000000 2684000.00000000 NS 991283.35000000 0.286891450391 Long EC CORP CN N 2 N N N CTI N/A Centre Testing International Group Co Ltd 000000000 585338.00000000 NS 1676350.85000000 0.485159693967 Long EC CORP CN N 2 N N N Zhihu Inc N/A Zhihu Inc 98955N108 3092571.00000000 NS USD 3278125.26000000 0.948735909268 Long EC CORP CN N 1 N N N Banco del Bajio SA 4469000001BD95FFLY16 Banco del Bajio SA 000000000 1765300.00000000 NS 4462445.59000000 1.291494997476 Long EC CORP MX N 1 N N N BTN 2549009BLYOGL9ZLAW17 Bank Tabungan Negara Persero Tbk PT 000000000 66124500.00000000 NS 6418820.36000000 1.857697582513 Long EC CORP ID N 2 N N N Summarecon Agung Tbk PT 529900NX0EYVOH3TJZ08 Summarecon Agung Tbk PT 000000000 159573216.00000000 NS 6221642.98000000 1.800631654257 Long EC CORP ID N 2 N N N Formosa Sumco Technology Corp N/A Formosa Sumco Technology Corp 000000000 565000.00000000 NS 2409640.88000000 0.697384221156 Long EC CORP TW N 2 N N N Cebu Air Inc 5493005IKXICEEJZJ743 Cebu Air Inc 000000000 10241400.00000000 NS 6437840.30000000 1.863202222708 Long EC CORP PH N 2 N N N Finolex Cables Ltd 335800KAEKSMUCIH3795 Finolex Cables Ltd 000000000 1191546.00000000 NS 6835846.27000000 1.978390791140 Long EC CORP IN N 2 N N N BRAC Bank Ltd 254900EHCK80ARTPIK21 BRAC Bank Ltd 000000000 8836192.00000000 NS 3359934.74000000 0.972412732220 Long EC CORP BD N 1 N N N Peijia Medical Ltd 300300VE46IBS1WO9M65 Peijia Medical Ltd 000000000 3210000.00000000 NS 2504803.53000000 0.724925640753 Long EC CORP CN N 2 N N N HeadHunter Group PLC 549300IMUCFEWXP6RU11 HeadHunter Group PLC 42207L106 15800.00000000 NS USD 316.00000000 0.000091454878 Long EC CORP RU N 3 N N N Ecopro BM Co Ltd N/A Ecopro BM Co Ltd 000000000 197573.00000000 NS 11952479.30000000 3.459216905183 Long EC CORP KR N 2 N N N Barbeque Nation Hospitality Lt 335800CVPRCBHJVLGF88 Barbeque Nation Hospitality Ltd 000000000 186017.00000000 NS 2514480.02000000 0.727726154098 Long EC CORP IN N 2 N N N 2022-11-18 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA910Mat093022.htm HTML

Matthews Emerging Markets Small Companies Fund

    September 30, 2022
Schedule of Investmentsa (unaudited)   

COMMON EQUITIES: 94.5%

 

   
      Shares      Value  
     

INDIA: 28.1%

      

Shriram City Union Finance, Ltd.

      961,408        $20,531,541  

Bandhan Bank, Ltd.b,c,d

     5,872,973        19,095,465  

Phoenix Mills, Ltd.

      990,836        16,923,149  

Lemon Tree Hotels, Ltd.b,c,d

     12,992,281        13,755,926  

Finolex Cables, Ltd.

      1,191,546        6,835,846  

Ashok Leyland, Ltd.

      3,350,560        6,238,414  

Marico, Ltd.

      654,980        4,311,807  

GMR Infrastructure, Ltd.c

     7,823,651        3,394,994  

Barbeque Nation Hospitality, Ltd.c

     186,017        2,514,480  

HEG, Ltd.

      169,638        2,184,525  

Rainbow Children’s Medicare, Ltd.

      184,518        1,422,012  
     

 

 

 

Total India

           97,208,159  
     

 

 

 

     
     

CHINA/HONG KONG: 21.2%

      

Ginlong Technologies Co., Ltd. A Shares

      367,406        11,406,561  

Silergy Corp.

      720,000        9,390,204  

Airtac International Group

      285,431        6,530,453  

Hainan Meilan International Airport Co., Ltd. H Sharesc

     1,979,000        4,728,328  

Ginlong Technologies Co., Ltd. A Shares

      137,341        4,235,129  

Full Truck Alliance Co., Ltd. ADRc

     516,311        3,381,837  

AK Medical Holdings, Ltd.b,d

     3,364,000        3,291,291  

Zhihu, Inc. ADRc

     3,092,571        3,278,125  

Centre Testing International Group Co., Ltd. A Shares

      1,120,674        3,187,788  

Flat Glass Group Co., Ltd. H Sharesc

     1,229,000        2,973,881  

SITC International Holdings Co., Ltd.

      1,555,000        2,851,768  

Innovent Biologics, Inc.b,c,d

     885,500        2,721,422  

Xtep International Holdings, Ltd.

      2,529,500        2,662,421  

OPT Machine Vision Tech Co., Ltd. A Shares

      117,095        2,574,690  

Peijia Medical, Ltd.b,c,d

     3,210,000        2,504,803  

Medlive Technology Co., Ltd.b,d

     2,176,000        2,479,355  

Morimatsu International Holdings Co., Ltd.c,d

     2,341,000        2,368,386  

Centre Testing International Group Co., Ltd. A Shares

      585,338        1,676,351  

CIFI Ever Sunshine Services Group, Ltd.d

     2,684,000        991,283  
     

 

 

 

Total China/Hong Kong

         73,234,076  
     

 

 

 

     
     

VIETNAM: 7.1%

      

Mobile World Investment Corp.

      4,032,014        10,751,076  

Military Commercial Joint Stock Bankc

     9,614,722        7,978,133  

FPT Corp.

      1,449,888        4,866,941  

Nam Long Investment Corp.

      698,232        878,439  
     

 

 

 

Total Vietnam

         24,474,589  
     

 

 

 

     
     

SOUTH KOREA: 6.3%

      

Ecopro BM Co., Ltd.

      197,573        11,952,479  

Hugel, Inc.c

     99,317        7,023,189  

Solus Advanced Materials Co., Ltd.

      139,346        2,866,078  
     

 

 

 

Total South Korea

         21,841,746  
     

 

 

 

     
     

INDONESIA: 6.3%

      

PT Mitra Adiperkasa Tbkc

     130,901,900        9,087,310  

PT Bank Tabungan Negara Persero Tbk

      66,124,500        6,418,820  

PT Summarecon Agung Tbk

      159,573,216        6,221,643  
     

 

 

 

Total Indonesia

         21,727,773  
     

 

 

 

      Shares      Value  
     

TAIWAN: 6.3%

      

Andes Technology Corp.

      590,000        $7,247,218  

M31 Technology Corp.

      407,000        4,592,993  

Yageo Corp.

      362,000        3,055,641  

Poya International Co., Ltd.

      211,610        2,609,445  

Formosa Sumco Technology Corp.

      565,000        2,409,641  

Wiwynn Corp.

      38,000        960,269  

ASPEED Technology, Inc.

      15,000        825,564  
     

 

 

 

Total Taiwan

           21,700,771  
     

 

 

 

     
     

BRAZIL: 4.3%

      

Vamos Locacao de Caminhoes Maquinas e Equipamentos SA

      4,096,100        10,380,062  

YDUQS Participacoes SA

      1,747,800        4,681,882  
     

 

 

 

Total Brazil

         15,061,944  
     

 

 

 

     
     

UNITED STATES: 4.0%

      

Legend Biotech Corp. ADRc

     335,381        13,683,545  
     

 

 

 

Total United States

         13,683,545  
     

 

 

 

     
     

CHILE: 3.7%

      

Parque Arauco SA

      8,448,535        7,331,297  

Lundin Mining Corp.

      589,400        2,978,255  

Banco de Credito e Inversiones SA

      96,525        2,452,986  
     

 

 

 

Total Chile

         12,762,538  
     

 

 

 

     
     

UNITED ARAB EMIRATES: 2.3%

      

Network International Holdings PLCb,c,d

     2,327,969        7,875,860  
     

 

 

 

Total United Arab Emirates

         7,875,860  
     

 

 

 

     
     

PHILIPPINES: 1.9%

      

Cebu Air, Inc.c

     10,241,400        6,437,840  
     

 

 

 

Total Philippines

         6,437,840  
     

 

 

 

     
     

MEXICO: 1.3%

      

Banco del Bajio SAb,d

     1,765,300        4,462,446  
     

 

 

 

Total Mexico

         4,462,446  
     

 

 

 

     
     

BANGLADESH: 1.0%

      

BRAC Bank, Ltd.

      8,836,192        3,359,935  
     

 

 

 

Total Bangladesh

         3,359,935  
     

 

 

 

     
     

TURKEY: 0.5%

      

Ford Otomotiv Sanayi AS

      97,236        1,712,919  
     

 

 

 

Total Turkey

         1,712,919  
     

 

 

 

     
     

THAILAND: 0.2%

      

Siam Wellness Group Public Co., Ltd. F Sharesc

     2,622,600        693,237  
     

 

 

 

Total Thailand

         693,237  
     

 

 

 

     
     

RUSSIA: 0.0%

      

Moscow Exchange MICEX-RTS PJSCc,e

     2,101,250        34,905  

TCS Group Holding PLC GDRc,d,e

     62,962        1,259  
 

 

matthewsasia.com  |  800.789.ASIA   1

Matthews Emerging Markets Small Companies Fund    September 30, 2022

Schedule of Investmentsa (unaudited) (continued)

 

   

COMMON EQUITIES (continued)

 

      Shares      Value  

HeadHunter Group PLC ADRe

     15,800         $316  
     

 

 

 

Total Russia

         36,480  
     

 

 

 

     
     

TOTAL COMMON EQUITIES

         326,273,858  
     

 

 

 

(Cost $341,037,918)

      

PREFERRED EQUITIES: 1.1%

 

      
     

BRAZIL: 1.1%

      

Banco Pan SA, Pfd.

      2,974,000        3,848,197  
     

 

 

 

Total Brazil

         3,848,197  
     

 

 

 

     
     

TOTAL PREFERRED EQUITIES

         3,848,197  
     

 

 

 

(Cost $5,600,050)

      
     
     

TOTAL INVESTMENTS: 95.6%

           330,122,055  

(Cost $346,637,968)

      

CASH AND OTHER ASSETS,

 

   

LESS LIABILITIES: 4.4%

         15,231,253  
     

 

 

 

NET ASSETS: 100.0%

          $345,353,308  
     

 

 

 

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, 2022, the aggregate value is $56,186,568, which is 16.27% 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.

 

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 $36,480 and 0.01% of net assets.

 

ADR

American Depositary Receipt

 

GDR

Global Depositary Receipt

 

Pfd.

Preferred

 

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