Matthews Asia Dividend Fund	September 30, 2023
Schedule of Investmentsa (unaudited)
COMMON EQUITIES: 99.6%

	Shares		Value
JAPAN: 30.2%
Tokio Marine Holdings, Inc.		1,291,000		$29,891,428
ITOCHU Corp.		827,200		29,873,448
ORIX Corp.		1,570,600		29,326,876
Suzuki Motor Corp.		625,700		25,166,283
KDDI Corp.		773,000		23,661,901
Shin-Etsu Chemical Co., Ltd.		802,100		23,297,515
Ajinomoto Co., Inc.		592,900		22,861,412
Disco Corp.		111,800		20,655,734
GLP J-Reit		22,762		20,344,869
Nissin Foods Holdings Co., Ltd.		238,100		19,784,416
Bandai Namco Holdings, Inc.		964,100		19,610,261
Hikari Tsushin, Inc.		127,200		19,372,001
Toray Industries, Inc.		3,638,400		18,930,836
Nomura Research Institute, Ltd.		715,600		18,599,675
Capcom Co., Ltd.		498,900		17,956,267
Keyence Corp.		48,300		17,862,591
Kakaku.com, Inc.		1,562,900		15,826,895
Olympus Corp.		1,201,200		15,595,765
Total Japan				388,618,173
CHINA/HONG KONG: 28.2%
Tencent Holdings, Ltd.		814,500		31,573,245
Midea Group Co., Ltd. A Shares		3,511,041		26,783,809
NetEase, Inc.		1,328,900		26,646,108
AIA Group, Ltd.		3,246,200		26,252,497
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares		7,012,543		25,605,309
NARI Technology Co., Ltd. A Shares		8,108,868		24,695,308
Yum China Holdings, Inc.		440,879		24,565,778
Minth Group, Ltd.		8,721,000		22,415,290
Link REIT		4,523,120		22,115,949
Wuliangye Yibin Co., Ltd. A Shares		1,024,900		22,106,096
Techtronic Industries Co., Ltd.		2,240,500		21,628,862
JD.com, Inc. Class A		1,406,433		20,461,961
Yuexiu Transport Infrastructure, Ltd.		38,280,000		20,235,100
Guangdong Investment, Ltd.		24,504,000		18,676,689
China Tourism Group Duty Free Corp., Ltd. A Shares		978,424		14,337,827
Milkyway Chemical Supply Chain Service Co., Ltd. A Shares		1,387,974		14,097,903
Total China/Hong Kong				362,197,731
AUSTRALIA: 9.6%
Ampol, Ltd.		1,114,210		24,055,958
CSL, Ltd.		131,108		21,121,895
Treasury Wine Estates, Ltd.		2,533,970		20,009,880
Lottery Corp., Ltd.		6,573,134		19,864,075
AUB Group, Ltd.		1,037,762		19,361,118
Breville Group, Ltd.		1,370,332		19,247,767
Total Australia				123,660,693
INDIA: 8.3%
HDFC Bank, Ltd.		1,653,288		30,321,161
Power Grid Corp. of India, Ltd.		11,545,715		27,713,160
Tata Consultancy Services, Ltd.		625,495		26,484,833
Hindustan Unilever, Ltd.		729,314		21,629,305
Total India				106,148,459

	Shares		Value
TAIWAN: 7.6%
Taiwan Semiconductor Manufacturing Co., Ltd.		2,000,469		$32,620,136
Delta Electronics, Inc.		2,193,000		22,087,720
Chailease Holding Co., Ltd.		3,854,580		21,644,397
Taiwan Semiconductor Manufacturing Co., Ltd. ADR		248,800		21,620,720
Total Taiwan				97,972,973
SOUTH KOREA: 6.4%
Samsung Electronics Co., Ltd.		597,360		30,199,017
SK Telecom Co., Ltd.		707,269		27,246,888
Macquarie Korea Infrastructure Fund		2,734,972		24,778,983
Total South Korea				82,224,888
SINGAPORE: 3.4%
United Overseas Bank, Ltd.		1,230,700		25,633,155
Capitaland India Trust		23,992,700		18,389,887
Total Singapore				44,023,042
INDONESIA: 2.4%
PT Bank Rakyat Indonesia Persero Tbk		91,680,184		30,963,415
Total Indonesia				30,963,415
VIETNAM: 1.5%
FPT Corp.		5,138,721		19,589,699
Total Vietnam				19,589,699
THAILAND: 1.5%
Bangkok Dusit Medical Services Public Co., Ltd. F Shares		26,456,600		19,278,084
Total Thailand				19,278,084
BANGLADESH: 0.5%
GrameenPhone, Ltd.		2,383,079		5,654,544
Total Bangladesh				5,654,544
TOTAL INVESTMENTS: 99.6%				1,280,331,701
(Cost $1,383,037,112)
CASH AND OTHER ASSETS, LESS LIABILITIES: 0.4%				5,765,639
NET ASSETS: 100.0%			$	1,286,097,340

a Certain securities were fair valued under the valuation policies approved by the Board of Trustees.

ADR American Depositary Receipt

REIT Real Estate Investment Trust

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).

1 MATTHEWS ASIA FUNDS