0001752724-23-111639.txt : 20230523 0001752724-23-111639.hdr.sgml : 20230523 20230523130618 ACCESSION NUMBER: 0001752724-23-111639 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230523 DATE AS OF CHANGE: 20230523 PERIOD START: 20231231 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: 23947851 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 S000027009 MATTHEWS CHINA DIVIDEND FUND C000081250 Investor Class Shares MCDFX C000093231 Institutional Class Shares MICDX NPORT-P 1 primary_doc.xml NPORT-P false 0000923184 XXXXXXXX S000027009 C000081250 C000093231 Matthews International Funds 811-08510 0000923184 5493007IYPQKGSDVTS49 Four Embarcadero Center Suite 550 San Francisco 94111 415-788-7553 Matthews China Dividend Fund S000027009 549300EA4IG7U8PVKS42 2023-12-31 2023-03-31 N 237353923.35 834379.44 236519543.91 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 8033631.07000000 N PDD Holdings Inc 5493000573DS7005T657 PDD Holdings Inc 722304102 50391.00000000 NS USD 3824676.90000000 1.617065903634 Long EC CORP CN N 1 N N N China Tourism Group Duty Free N/A China Tourism Group Duty Free Corp Ltd 000000000 165700.00000000 NS 4089704.75000000 1.729119159622 Long EC CORP CN N 2 N N N Yadea Group Holdings Ltd N/A Yadea Group Holdings Ltd 000000000 2936000.00000000 NS 7562908.07000000 3.197582721907 Long EC CORP CN N 2 N N N PSBC 300300C1040311005298 Postal Savings Bank of China Co Ltd 000000000 10745000.00000000 NS 6372391.79000000 2.694234770055 Long EC CORP CN N 2 N N N OPT Machine Vision Tech Co Ltd N/A OPT Machine Vision Tech Co Ltd 000000000 185055.00000000 NS 3719420.76000000 1.572563813760 Long EC CORP CN N 2 N N N Wharf Real Estate Investment C 529900QLPKS8U9QOPB59 Wharf Real Estate Investment Co Ltd 000000000 906000.00000000 NS 5216177.59000000 2.205389670455 Long EC CORP HK N 2 N N N Huaxin Cement Co Ltd 300300SD5S95ZOS05G37 Huaxin Cement Co Ltd 000000000 4017792.00000000 NS 4362080.73000000 1.844279190585 Long EC CORP CN N 2 N N N CSPC Pharmaceutical Group Ltd 529900M3XQCW234H8O91 CSPC Pharmaceutical Group Ltd 000000000 5076000.00000000 NS 4976091.41000000 2.103881703701 Long EC CORP CN N 2 N N N CRRC TIMES ELEC 529900PLNH7NQLN00B53 Zhuzhou CRRC Times Electric Co Ltd 000000000 742200.00000000 NS 3229210.38000000 1.365303825052 Long EC CORP CN N 2 N N N Wuliangye Yibin Co Ltd N/A Wuliangye Yibin Co Ltd 000000000 259300.00000000 NS 7407013.37000000 3.131670748028 Long EC CORP CN N 2 N N N LONGSHINE N/A Longshine Technology Group Co Ltd 000000000 1289600.00000000 NS 5026213.49000000 2.125073220973 Long EC CORP CN N 2 N N N China Education Group Holdings 549300A81YHS5D5PYD04 China Education Group Holdings Ltd 000000000 4055000.00000000 NS 3902922.13000000 1.650147833654 Long EC CORP HK N 2 N N N E Ink Holdings Inc 529900UOR451FJJYL571 E Ink Holdings Inc 000000000 587000.00000000 NS 3582841.27000000 1.514818272845 Long EC CORP TW N 2 N N N Xtep International Holdings Lt 529900ZZZZBTOKZQI549 Xtep International Holdings Ltd 000000000 4084000.00000000 NS 5201614.10000000 2.199232255402 Long EC CORP CN N 2 N N N Meituan 21380033K525E5JLIA77 Meituan 000000000 179820.00000000 NS 3262333.25000000 1.379308109625 Long EC CORP CN N 2 N N N Haier Smart Home Co Ltd 3003002BYTNGNJTWSH07 Haier Smart Home Co Ltd 000000000 4692403.00000000 NS 6106693.26000000 2.581897951876 Long EC CORP CN N 1 N N N ZTO Express Cayman Inc 549300SCJPK3YZJTJR78 ZTO Express Cayman Inc 98980A105 170828.00000000 NS USD 4895930.48000000 2.069989819472 Long EC CORP CN N 1 N N N Onewo Inc N/A Onewo Inc 000000000 782730.00000000 NS 3520181.17000000 1.488325705270 Long EC CORP CN N 2 N N N Tiangong International Co Ltd 254900F7I4ZE3X40W968 Tiangong International Co Ltd 000000000 11010000.00000000 NS 3541527.33000000 1.497350819916 Long EC CORP CN N 2 N N N Yum China Holdings Inc 529900DO9BYZ7VA3K502 Yum China Holdings Inc 98850P109 85894.00000000 NS USD 5444820.66000000 2.302059512710 Long EC CORP CN N 1 N N N CITIC TELECOM N/A CITIC Telecom International Holdings Ltd 000000000 33809000.00000000 NS 13787365.24000000 5.829271024320 Long EC CORP HK N 2 N N N AK Medical Holdings Ltd N/A AK Medical Holdings Ltd 000000000 3396000.00000000 NS 3974904.24000000 1.680581728803 Long EC CORP CN N 2 N N N Tencent Holdings Ltd 254900N4SLUMW4XUYY11 Tencent Holdings Ltd 000000000 507300.00000000 NS 24791407.91000000 10.48175871649 Long EC CORP CN N 2 N N N Tsingtao Brewery Co Ltd 300300OJ7D0Q1ESE8L15 Tsingtao Brewery Co Ltd 000000000 786000.00000000 NS 8591159.03000000 3.632325214219 Long EC CORP CN N 2 N N N China Vanke Co Ltd 529900E66UJ2DWY7KW55 China Vanke Co Ltd 000000000 3198000.00000000 NS 5046277.29000000 2.133556156323 Long EC CORP CN N 2 N N N YILI 3003002Q2A863JPQFH06 Inner Mongolia Yili Industrial Group Co Ltd 000000000 885600.00000000 NS 3745579.75000000 1.583623783506 Long EC CORP CN N 2 N N N PING AN 529900M9MC28JLN35U89 Ping An Insurance Group Co of China Ltd 000000000 1035000.00000000 NS 6695635.97000000 2.830901776365 Long EC CORP CN N 2 N N N Tam Jai International Co Ltd 98450080E0L0ACS84C98 Tam Jai International Co Ltd 000000000 16628000.00000000 NS 4943664.81000000 2.090171800720 Long EC CORP HK N 2 N N N CHINA SUNTIEN 529900JAYC5BYZPWOK13 China Suntien Green Energy Corp Ltd 000000000 10800000.00000000 NS 4724047.59000000 1.997318070170 Long EC CORP CN N 2 N N N Melco Resorts & Entertainment 529900NRV6LBR3T6B421 Melco Resorts & Entertainment Ltd 585464100 371740.00000000 NS USD 4732250.20000000 2.000786117616 Long EC CORP HK N 1 N N N China Jushi Co Ltd 300300JZBQ0FKI1TDH04 China Jushi Co Ltd 000000000 2363707.00000000 NS 5025942.21000000 2.124958524320 Long EC CORP CN N 2 N N N JINJIANG SHARES 300300KOJEHP8FQX5092 Shanghai Jinjiang International Hotels Co Ltd 000000000 2332600.00000000 NS USD 4923029.28000000 2.081447139046 Long EC CORP CN N 2 N N N HKEX 213800YTVSXYQN17BW16 Hong Kong Exchanges & Clearing Ltd 000000000 114000.00000000 NS 5053019.25000000 2.136406643809 Long EC CORP HK N 2 N N N Yangzijiang Shipbuilding Holdi 254900Z3JEM14YIGLM66 Yangzijiang Shipbuilding Holdings Ltd 000000000 4392700.00000000 NS 3973274.39000000 1.679892631414 Long EC CORP CN N 2 N N N REGAL GROUP 300300LBYCJWUTE07R10 Hainan Meilan International Airport Co Ltd 000000000 1486000.00000000 NS 3609876.75000000 1.526248820847 Long EC CORP CN N 2 N N N LIVZON GROUP 529900Y4GWTVVTORJ443 Livzon Pharmaceutical Group Inc 000000000 1367600.00000000 NS 4825696.09000000 2.040294856917 Long EC CORP CN N 2 N N N China Merchants Bank Co Ltd 549300MKO5B60FFIHF58 China Merchants Bank Co Ltd 000000000 1274084.00000000 NS 6344034.44000000 2.682245338006 Long EC CORP CN N 2 N N N Alibaba Group Holding Ltd 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd 000000000 1508000.00000000 NS 19099567.96000000 8.075259931698 Long EC CORP CN N 2 N N N 2023-05-18 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA920MATT033123.htm HTML
Matthews China Dividend Fund    March 31, 2023
Schedule of Investmentsa (unaudited)   
COMMON EQUITIES: 96.6%   

 

      Shares      Value  

CONSUMER DISCRETIONARY: 30.8%

      

Hotels, Restaurants & Leisure: 9.8%

      

Yum China Holdings, Inc.

      85,894        $5,444,821  

Tam Jai International Co., Ltd.

      16,628,000        4,943,665  

Shanghai Jinjiang International Hotels Co., Ltd. B Shares

      2,332,600        4,923,029  

Melco Resorts & Entertainment, Ltd. ADRb

     371,740        4,732,250  

Meituan B Sharesb,c,d

     179,820        3,262,333  
     

 

 

 

        23,306,098  
     

 

 

 

Broadline Retail: 9.7%

      

Alibaba Group Holding, Ltd.b

     1,508,000        19,099,568  

PDD Holdings, Inc. ADRb

     50,391        3,824,677  
     

 

 

 

        22,924,245  
     

 

 

 

Automobiles: 3.2%

      

Yadea Group Holdings, Ltd.c,d

     2,936,000        7,562,908  
     

 

 

 

Household Durables: 2.6%

      

Haier Smart Home Co., Ltd. D Shares

      4,692,403        6,106,693  
     

 

 

 

Textiles, Apparel & Luxury Goods: 2.2%

      

Xtep International Holdings, Ltd.

      4,084,000        5,201,614  
     

 

 

 

Specialty Retail: 1.7%

      

China Tourism Group Duty Free Corp., Ltd. H Sharesb,c,d

     165,700        4,089,705  
     

 

 

 

Diversified Consumer Services: 1.6%

      

China Education Group Holdings, Ltd.d

     4,055,000        3,902,922  
     

 

 

 

Total Consumer Discretionary

         73,094,185  
     

 

 

 

     
     

COMMUNICATION SERVICES: 16.3%

      

Interactive Media & Services: 10.5%

      

Tencent Holdings, Ltd.

      507,300        24,791,408  
     

 

 

 

Diversified Telecommunication Services: 5.8%

 

   

CITIC Telecom International Holdings, Ltd.

      33,809,000        13,787,365  
     

 

 

 

Total Communication Services

         38,578,773  
     

 

 

 

     
     

FINANCIALS: 10.3%

      

Banks: 5.4%

      

Postal Savings Bank of China Co., Ltd. H Sharesc,d

     10,745,000        6,372,392  

China Merchants Bank Co., Ltd. A Shares

      1,274,084        6,344,034  
     

 

 

 

        12,716,426  
     

 

 

 

Insurance: 2.8%

      

Ping An Insurance Group Co. of China, Ltd. H Shares

      1,035,000        6,695,636  
     

 

 

 

Capital Markets: 2.1%

      

Hong Kong Exchanges & Clearing, Ltd.

      114,000        5,053,019  
     

 

 

 

Total Financials

         24,465,081  
     

 

 

 

     
     

CONSUMER STAPLES: 8.3%

      

Beverages: 6.7%

      

Tsingtao Brewery Co., Ltd. H Shares

      786,000        8,591,159  

Wuliangye Yibin Co., Ltd. A Shares

      259,300        7,407,013  
     

 

 

 

        15,998,172  
     

 

 

 

      Shares      Value  

Food Products: 1.6%

      

Inner Mongolia Yili Industrial Group Co., Ltd. A Shares

      885,600        $3,745,580  
     

 

 

 

Total Consumer Staples

         19,743,752  
     

 

 

 

     
     

INDUSTRIALS: 6.6%

      

Machinery: 3.0%

 

   

Yangzijiang Shipbuilding Holdings, Ltd.

      4,392,700        3,973,275  

Zhuzhou CRRC Times Electric Co., Ltd.

      742,200        3,229,210  
     

 

 

 

        7,202,485  
     

 

 

 

Air Freight & Logistics: 2.1%

      

ZTO Express Cayman, Inc. ADR

      170,828        4,895,930  
     

 

 

 

Transportation Infrastructure: 1.5%

      

Hainan Meilan International Airport Co., Ltd. H Sharesb

     1,486,000        3,609,877  
     

 

 

 

Total Industrials

         15,708,292  
     

 

 

 

     
     

REAL ESTATE: 5.8%

      

Real Estate Management & Development: 5.8%

 

   

Wharf Real Estate Investment Co., Ltd.

      906,000        5,216,178  

China Vanke Co., Ltd. H Shares

      3,198,000        5,046,277  

Onewo, Inc. H Sharesb

     782,730        3,520,181  
     

 

 

 

Total Real Estate

         13,782,636  
     

 

 

 

     
     

HEALTH CARE: 5.8%

      

Pharmaceuticals: 4.1%

 

   

CSPC Pharmaceutical Group, Ltd.

      5,076,000        4,976,092  

Livzon Pharmaceutical Group, Inc. H Shares

      1,367,600        4,825,696  
     

 

 

 

        9,801,788  
     

 

 

 

Health Care Equipment & Supplies: 1.7%

      

AK Medical Holdings, Ltd.c,d

     3,396,000        3,974,904  
     

 

 

 

Total Health Care

         13,776,692  
     

 

 

 

     
     

MATERIALS: 5.5%

      

Construction Materials: 4.0%

 

   

China Jushi Co., Ltd. A Shares

      2,363,707        5,025,942  

Huaxin Cement Co., Ltd. H Shares

      4,017,792        4,362,081  
     

 

 

 

        9,388,023  
     

 

 

 

Metals & Mining: 1.5%

      

Tiangong International Co., Ltd.

      11,010,000        3,541,527  
     

 

 

 

Total Materials

         12,929,550  
     

 

 

 

     
     

INFORMATION TECHNOLOGY: 5.2%

      

Electronic Equipment, Instruments & Components: 3.1%

 

   

OPT Machine Vision Tech Co., Ltd. A Shares

      185,055        3,719,421  

E Ink Holdings, Inc.

      587,000        3,582,841  
     

 

 

 

        7,302,262  
     

 

 

 

Software: 2.1%

      

Longshine Technology Group Co., Ltd. A Shares

      1,289,600        5,026,214  
     

 

 

 

Total Information Technology

         12,328,476  
     

 

 

 

 

 

matthewsasia.com  |  800.789.ASIA   1

Matthews China Dividend Fund    March 31, 2023
Schedule of Investmentsa (unaudited) (continued)

 

COMMON EQUITIES (continued)

 

      Shares      Value

ENERGY: 2.0%

      

Oil, Gas & Consumable Fuels: 2.0%

 

   

China Suntien Green Energy Corp., Ltd. H Shares

      10,800,000        $4,724,048  
     

 

 

 

Total Energy

         4,724,048  
     

 

 

 

     
     

TOTAL INVESTMENTS: 96.6%

         229,131,485  

(Cost $233,071,465)

      

CASH AND OTHER ASSETS,

LESS LIABILITIES: 3.4%

         7,997,712  
     

 

 

 

NET ASSETS: 100.0%

         $237,129,197  
     

 

 

 

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, 2023, the aggregate value is $25,262,242, which is 10.65% 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