Matthews Asia Innovators Active ETF | September 30, 2023 | |
Schedule of Investments (unaudited) | ||
COMMON EQUITIES: 98.7% |
Shares | Value | |||||||
CHINA/HONG KONG: 38.0% |
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PDD Holdings, Inc. ADRa |
53,670 | $5,263,417 | ||||||
Tencent Holdings, Ltd. |
100,300 | 3,921,406 | ||||||
Trip.com Group, Ltd. ADRa |
97,815 | 3,420,591 | ||||||
Alibaba Group Holding, Ltd. ADRa |
34,289 | 2,974,228 | ||||||
Kuaishou Technologya,b,c |
290,400 | 2,330,438 | ||||||
KE Holdings, Inc. ADR |
130,621 | 2,027,238 | ||||||
Meituan Class Ba,b,c |
133,520 | 1,953,739 | ||||||
Legend Biotech Corp. ADRa |
24,128 | 1,620,678 | ||||||
NetEase, Inc. |
75,700 | 1,541,673 | ||||||
Full Truck Alliance Co., Ltd. ADRa |
217,949 | 1,534,361 | ||||||
Baidu, Inc. ADRa |
11,121 | 1,494,106 | ||||||
Proya Cosmetics Co., Ltd. A Shares |
92,780 | 1,293,820 | ||||||
NARI Technology Co., Ltd. A Shares |
408,980 | 1,245,619 | ||||||
Airtac International Group |
41,000 | 1,243,444 | ||||||
Bilibili, Inc. Class Za |
85,540 | 1,182,860 | ||||||
Contemporary Amperex Technology Co., Ltd. A Shares |
40,200 | 1,120,242 | ||||||
MINISO Group Holding, Ltd. ADR |
42,255 | 1,094,404 | ||||||
Wuxi Biologics Cayman, Inc.a,b,c |
179,000 | 1,043,349 | ||||||
BYD Co., Ltd. A Shares |
31,500 | 1,023,374 | ||||||
WuXi AppTec Co., Ltd. A Shares |
55,700 | 658,851 | ||||||
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|
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Total China/Hong Kong |
37,987,838 | |||||||
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|
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INDIA: 23.8% |
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Axis Bank, Ltd. |
261,039 | 3,258,852 | ||||||
Zomato, Ltd.a |
2,618,695 | 3,200,789 | ||||||
ICICI Bank, Ltd. |
277,893 | 3,185,481 | ||||||
Bajaj Finance, Ltd. |
28,459 | 2,676,816 | ||||||
Reliance Industries, Ltd. |
86,444 | 2,441,090 | ||||||
HDFC Bank, Ltd. |
106,679 | 1,960,762 | ||||||
Mahindra & Mahindra, Ltd. |
86,084 | 1,611,200 | ||||||
Indian Hotels Co., Ltd. |
300,629 | 1,488,279 | ||||||
Titan Co., Ltd. |
37,906 | 1,437,339 | ||||||
PB Fintech, Ltd.a |
149,971 | 1,382,028 | ||||||
Sona Blw Precision Forgings, Ltd.b,c |
156,027 | 1,096,156 | ||||||
|
|
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Total India |
23,738,792 | |||||||
|
|
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TAIWAN: 13.7% |
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Taiwan Semiconductor Manufacturing Co., Ltd. |
442,000 | 7,161,165 | ||||||
Alchip Technologies, Ltd. |
28,000 | 2,333,297 | ||||||
Unimicron Technology Corp. |
220,000 | 1,182,448 | ||||||
M31 Technology Corp. |
46,000 | 1,141,432 | ||||||
WinWay Technology Co., Ltd. |
47,000 | 987,159 | ||||||
Chroma ATE, Inc. |
106,000 | 906,306 | ||||||
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|
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Total Taiwan |
13,711,807 | |||||||
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SOUTH KOREA: 9.9% |
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Samsung Electronics Co., Ltd. |
119,826 | 6,073,884 | ||||||
SK Hynix, Inc. |
25,799 | 2,192,934 | ||||||
Samsung SDI Co., Ltd. |
2,386 | 905,315 | ||||||
Daejoo Electronic Materials Co., Ltd. |
12,302 | 763,063 | ||||||
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|
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Total South Korea |
9,935,196 | |||||||
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|
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UNITED STATES: 3.0% |
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NVIDIA Corp. |
3,909 | 1,700,376 | ||||||
Broadcom, Inc. |
1,588 | 1,318,961 | ||||||
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|
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Total United States |
3,019,337 | |||||||
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|
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Shares | Value | |||||||
INDONESIA: 3.0% |
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PT Bank Rakyat Indonesia Persero Tbk |
4,720,300 | $1,595,831 | ||||||
PT Mitra Adiperkasa Tbk |
11,667,300 | 1,373,956 | ||||||
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Total Indonesia |
2,969,787 | |||||||
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VIETNAM: 2.3% |
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Mobile World Investment Corp. |
551,800 | 1,194,186 | ||||||
Military Commercial Joint Stock Bank |
1,393,000 | 1,060,296 | ||||||
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Total Vietnam |
2,254,482 | |||||||
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SINGAPORE: 1.5% |
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Sea, Ltd. ADRa |
33,519 | 1,473,160 | ||||||
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|
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Total Singapore |
1,473,160 | |||||||
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JAPAN: 1.3% |
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Keyence Corp. |
3,400 | 1,264,533 | ||||||
|
|
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Total Japan |
1,264,533 | |||||||
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|
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FRANCE: 1.2% |
||||||||
LVMH Moet Hennessy Louis Vuitton SE |
1,581 | 1,199,171 | ||||||
|
|
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Total France |
1,199,171 | |||||||
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NETHERLANDS: 1.0% |
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ASML Holding NV |
1,666 | 980,708 | ||||||
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|
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Total Netherlands |
980,708 | |||||||
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|
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TOTAL COMMON EQUITIES |
98,534,811 | |||||||
|
|
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(Cost $95,694,608) |
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SHORT-TERM INVESTMENTS: 1.3% |
||||||||
MONEY MARKET FUNDS: 1.3% |
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JPMorgan U.S. Government Money Market Fund, Capital Shares, 5.22%d |
1,312,944 | 1,312,944 | ||||||
|
|
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(Cost $1,312,944)
|
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TOTAL INVESTMENTS: 100.0% |
99,847,755 | |||||||
(Cost $97,007,552) |
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CASH AND OTHER ASSETS, LESS LIABILITIES: 0.0% |
36,176 | |||||||
|
|
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NET ASSETS: 100.0% |
$ | 99,883,931 | ||||||
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|
a | Non-income producing security. |
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, 2023, the aggregate value is $6,423,682, which is 6.43% 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 | Rate shown is the current yield as of September 30, 2023. |
ADR | American Depositary Receipt |
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