0001752724-23-266840.txt : 20231127 0001752724-23-266840.hdr.sgml : 20231127 20231127124759 ACCESSION NUMBER: 0001752724-23-266840 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230929 FILED AS OF DATE: 20231127 DATE AS OF CHANGE: 20231127 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: 231439268 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 S000001036 MATTHEWS INDIA FUND C000002794 Investor Class Shares MINDX C000093228 Institutional Class Shares MIDNX NPORT-P 1 primary_doc.xml NPORT-P false 0000923184 XXXXXXXX S000001036 C000002794 C000093228 Matthews International Funds 811-08510 0000923184 5493007IYPQKGSDVTS49 Four Embarcadero Center Suite 550 San Francisco 94111 415-788-7553 Matthews India Fund S000001036 549300DGDF42K8MZTH75 2023-12-31 2023-09-29 N 689296240.14 2746822.07 686549418.07 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 27427338.29000000 N Bajaj Finance Ltd 335800YTEXC3DO4Z6F68 Bajaj Finance Ltd 000000000 180636.00000000 NS 16943394.33000000 2.467906007062 Long EC CORP IN N 2 N N N Tata Consultancy Services Ltd 335800ZJKU9GPQRE2U66 Tata Consultancy Services Ltd 000000000 553579.00000000 NS 23439751.18000000 3.414138962624 Long EC CORP IN N 2 N N N Bajaj Consumer Care Ltd 3358005AGVT9BD4VZC81 Bajaj Consumer Care Ltd 000000000 1063948.00000000 NS 2881621.38000000 0.419725267279 Long EC CORP IN N 2 N N N APL Apollo Tubes Ltd 335800ZU4GXSB7Q4IU95 APL Apollo Tubes Ltd 000000000 556384.00000000 NS 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Shankara Building Products Ltd 000000000 593801.00000000 NS 5127897.97000000 0.746908792729 Long EC CORP IN N 2 N N N Lemon Tree Hotels Ltd 335800QFBWIUBBCRJN72 Lemon Tree Hotels Ltd 000000000 3478314.00000000 NS 4748177.82000000 0.691600297812 Long EC CORP IN N 2 N N N Mahindra & Mahindra Financial 3358004E2XAMX9DYZM69 Mahindra & Mahindra Financial Services Ltd 000000000 2803846.00000000 NS 10141636.65000000 1.477189606905 Long EC CORP IN N 2 N N N Nestle India Ltd 3358008SYYY9CPWH5D94 Nestle India Ltd 000000000 49587.00000000 NS 13420450.93000000 1.954768378906 Long EC CORP IN N 2 N N N Bajaj Auto Ltd 335800DLAO5NCNN8G863 Bajaj Auto Ltd 000000000 192961.00000000 NS 11736624.57000000 1.709509069717 Long EC CORP IN N 2 N N N Hindustan Unilever Ltd 5493007IW5N37IKRPM32 Hindustan Unilever Ltd 000000000 683892.00000000 NS 20282222.41000000 2.954226145441 Long EC CORP IN N 2 N N N Divi's Laboratories Ltd 335800C1DHFG1C9T1M03 Divi's Laboratories Ltd 000000000 152389.00000000 NS 6893531.03000000 1.004083733604 Long EC CORP IN N 2 N N N Federal Bank Ltd 335800J8VWGE2HGWF417 Federal Bank Ltd 000000000 5800109.00000000 NS 10252014.97000000 1.493266864724 Long EC CORP IN N 2 N N N Latent View Analytics Ltd 335800DH59WJEXU4X131 Latent View Analytics Ltd 000000000 1975634.00000000 NS 9735711.14000000 1.418064145676 Long EC CORP IN N 2 N N N Infosys Ltd 335800TYLGG93MM7PR89 Infosys Ltd 000000000 1840398.00000000 NS 31627823.49000000 4.606780321642 Long EC CORP IN N 2 N N N Gujarat Pipavav Port Ltd 335800Y6JBMRA4Y8TA95 Gujarat Pipavav Port Ltd 000000000 5896635.00000000 NS 8800076.55000000 1.281783411125 Long EC CORP IN N 2 N N N Dabur India Ltd 335800MJPUA2E1FSFL38 Dabur India Ltd 000000000 1389626.00000000 NS 9207648.83000000 1.341148734184 Long EC CORP IN N 2 N N N Bandhan Bank Ltd 335800Q13QAC32IOCH33 Bandhan Bank Ltd 000000000 1212572.00000000 NS 3662221.52000000 0.533424313474 Long EC CORP IN N 2 N N N Neuland Laboratories Ltd 335800AVHZURTYQ17N08 Neuland Laboratories Ltd 000000000 522353.00000000 NS 23083174.14000000 3.362201399120 Long EC CORP IN N 2 N N N Divgi Torqtransfer Systems Ltd 335800N9OHIPOMBP7C30 Divgi Torqtransfer Systems Ltd 000000000 370364.00000000 NS 4629397.87000000 0.674299292688 Long EC CORP IN N 2 N N N Maruti Suzuki India Ltd 335800D27PBEESKKD357 Maruti Suzuki India Ltd 000000000 151894.00000000 NS 19366382.59000000 2.820828636697 Long EC CORP IN N 2 N N N IndusInd Bank Ltd 335800JDVJ8HSXG9G512 IndusInd Bank Ltd 000000000 1273549.00000000 NS 21831989.81000000 3.179958970961 Long EC CORP IN N 2 N N N Asian Paints Ltd 335800HEHXGYRUNERD75 Asian Paints Ltd 000000000 261395.00000000 NS 9935203.95000000 1.447121458194 Long EC CORP IN N 2 N N N Shriram Finance Ltd 335800TM2YO24B76XL26 Shriram Finance Ltd 000000000 1757419.00000000 NS 40556482.85000000 5.907292582668 Long EC CORP IN N 2 N N N PB Fintech Ltd 98450083AC6B01HF1F87 PB Fintech Ltd 000000000 738241.00000000 NS 6781788.33000000 0.987807745735 Long EC CORP IN N 2 N N N PI Industries Ltd 335800PEGP94E4CC1D11 PI Industries Ltd 000000000 207710.00000000 NS 8627238.72000000 1.256608554742 Long EC CORP IN N 2 N N N Coforge Ltd 3358004YL9JGBNP4KF72 Coforge Ltd 000000000 139815.00000000 NS 8560138.33000000 1.246834984444 Long EC CORP IN N 2 N N N TVS Motor Co Ltd 335800URVL13UQEWM152 TVS Motor Co Ltd 000000000 633355.00000000 NS 11573321.77000000 1.685723047080 Long EC CORP IN N 2 N N N Ramco Cements Ltd/The 3358003MPDJN515PDG51 Ramco Cements Ltd/The 000000000 654421.00000000 NS 7153315.90000000 1.041922942722 Long EC CORP IN N 2 N N N Persistent Systems Ltd 3358006QYD77Z66S1J89 Persistent Systems Ltd 000000000 163008.00000000 NS 11327806.23000000 1.649962250619 Long EC CORP IN N 2 N N N BRITANNIA INDUSTRIES LTD 335800RRN5EVHNNAXN80 Britannia Industries Ltd 000000000 1996476.00000000 PA 23663.97000000 0.003446797765 Long DBT CORP IN N 2 2024-06-03 Fixed 5.50000000 N N N N N N Poly Medicure Ltd 335800XM9YRKFWFVXO61 Poly Medicure Ltd 000000000 926203.00000000 NS 15305278.19000000 2.229304662878 Long EC CORP IN N 2 N N N Ashok Leyland Ltd 3358001BZKWERVWYCK35 Ashok Leyland Ltd 000000000 4399810.00000000 NS 9357050.32000000 1.362909948464 Long EC CORP IN N 2 N N N Siemens Ltd 335800HJQJFZ3CJLJ709 Siemens Ltd 000000000 39150.00000000 NS 1728407.86000000 0.251752869423 Long EC CORP IN N 2 N N N Syngene International Ltd 335800FFAWRC77Z2EY68 Syngene International Ltd 000000000 1590229.00000000 NS 15369742.83000000 2.238694320535 Long EC CORP IN N 2 N N N Axis Bank Ltd 549300HVNWMJPOFVNI41 Axis Bank Ltd 000000000 2097399.00000000 NS 26107884.09000000 3.802768366389 Long EC CORP IN N 2 N N N Thermax Ltd 33580013S142QYY9TR81 Thermax Ltd 000000000 175649.00000000 NS 6569038.49000000 0.956819468067 Long EC CORP IN N 2 N N N HDFC Bank Ltd 335800ZQ6I4E2JXENC50 HDFC Bank Ltd 000000000 2201057.00000000 NS 40367198.14000000 5.879722140538 Long EC CORP IN N 2 N N N Sona Blw Precision Forgings Lt 335800LEL76GE6551Q27 Sona Blw Precision Forgings Ltd 000000000 1348851.00000000 NS 9457532.84000000 1.377545824244 Long EC CORP IN N 2 N N N Reliance Industries Ltd 5493003UOETFYRONLG31 Reliance Industries Ltd 000000000 1139656.00000000 NS 32086641.98000000 4.673609959527 Long EC CORP IN N 2 N N N ICICI Bank Ltd R7RX8ER1V4666J8D1I38 ICICI Bank Ltd 000000000 3383883.00000000 NS 38768471.90000000 5.646858169217 Long EC CORP IN N 2 N N N Britannia Industries Ltd 335800RRN5EVHNNAXN80 Britannia Industries Ltd 000000000 248955.00000000 NS 13595450.60000000 1.980258120124 Long EC CORP IN N 2 N N N Titan Co Ltd 549300RO9VJWPK37FE54 Titan Co Ltd 000000000 384115.00000000 NS 14529935.36000000 2.116371375107 Long EC CORP IN N 2 N N N Restaurant Brands Asia Ltd 335800NJ2UVPX11GIH32 Restaurant Brands Asia Ltd 000000000 5756100.00000000 NS 8630549.51000000 1.257090790967 Long EC CORP IN N 2 N N N Sun Pharmaceutical Industries 335800KJ7GE29LB4SS73 Sun Pharmaceutical Industries Ltd 000000000 894041.00000000 NS 12445474.04000000 1.812757204716 Long EC CORP IN N 2 N N N HCL Technologies Ltd 549300C1F8OLYSOQYB65 HCL Technologies Ltd 000000000 498562.00000000 NS 7389402.00000000 1.076310285248 Long EC CORP IN N 2 N N N 2023-11-20 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA800MI9.30.23.htm HTML
Matthews India Fund    September 30, 2023
Schedule of Investmentsa (unaudited)   
COMMON EQUITIES: 99.0%   

 

      Shares      Value  

FINANCIALS: 35.9%

      

Banks: 22.6%

 

   

HDFC Bank, Ltd.

      2,201,057        $40,367,198  

ICICI Bank, Ltd.

      3,383,883        38,768,472  

Axis Bank, Ltd.

      2,097,399        26,107,884  

IndusInd Bank, Ltd.

      1,273,549        21,831,990  

Kotak Mahindra Bank, Ltd.

      679,361        14,157,892  

Federal Bank, Ltd.

      5,800,109        10,252,015  

Bandhan Bank, Ltd.b,c

      1,212,572        3,662,222  
     

 

 

  
        155,147,673  
     

 

 

  

Consumer Finance: 12.3%

      

Shriram Finance, Ltd.

      1,757,419        40,556,483  

Cholamandalam Investment and Finance Co., Ltd.

      1,158,600        16,947,251  

Bajaj Finance, Ltd.

      180,636        16,943,394  

Mahindra & Mahindra Financial Services, Ltd.

      2,803,846        10,141,637  
     

 

 

  
        84,588,765  
     

 

 

  

Insurance: 1.0%

      

PB Fintech, Ltd.d

      738,241        6,781,788  
     

 

 

  

Total Financials

         246,518,226  
     

 

 

  
     
     

INFORMATION TECHNOLOGY: 13.7%

      

IT Services: 13.7%

 

   

Infosys, Ltd.

      1,840,398        31,627,824  

Tata Consultancy Services, Ltd.

      553,579        23,439,751  

LTIMindtree, Ltd.b,c

      188,436        11,773,726  

Persistent Systems, Ltd.

      163,008        11,327,806  

Coforge, Ltd.

      139,815        8,560,138  

HCL Technologies, Ltd.

      498,562        7,389,402  
     

 

 

  

Total Information Technology

         94,118,647  
     

 

 

  
     
     

CONSUMER DISCRETIONARY: 13.1%

      

Automobiles: 6.2%

 

   

Maruti Suzuki India, Ltd.

      151,894        19,366,383  

Bajaj Auto, Ltd.

      192,961        11,736,624  

TVS Motor Co., Ltd.

      633,355        11,573,322  
     

 

 

  
        42,676,329  
     

 

 

  

Textiles, Apparel & Luxury Goods: 2.1%

      

Titan Co., Ltd.

      384,115        14,529,935  
     

 

 

  

Automobile Components: 2.1%

      

Sona Blw Precision Forgings, Ltd.b,c

      1,348,851        9,457,533  

Divgi Torqtransfer Systems, Ltd.

      370,364        4,629,398  
     

 

 

  
        14,086,931  
     

 

 

  

Hotels, Restaurants & Leisure: 2.0%

      

Restaurant Brands Asia, Ltd.d

      5,756,100        8,630,549  

Lemon Tree Hotels, Ltd.b,c,d

      3,478,314        4,748,178  
     

 

 

  
        13,378,727  
     

 

 

  

Specialty Retail: 0.7%

      

Shankara Building Products, Ltd.

      593,801        5,127,898  
     

 

 

  

Total Consumer Discretionary

         89,799,820  
     

 

 

  
      Shares      Value  
     

HEALTH CARE: 10.7%

      

Pharmaceuticals: 5.2%

 

   

Neuland Laboratories, Ltd.

      522,353        $23,083,174  

Sun Pharmaceutical Industries, Ltd.

      894,041        12,445,474  
     

 

 

  
        35,528,648  
     

 

 

  

Life Sciences Tools & Services: 3.3%

      

Syngene International, Ltd.b,c

      1,590,229        15,369,743  

Divi’s Laboratories, Ltd.

      152,389        6,893,531  
     

 

 

  
        22,263,274  
     

 

 

  

Health Care Equipment & Supplies: 2.2%

      

Poly Medicure, Ltd.

      926,203        15,305,278  
     

 

 

  

Total Health Care

         73,097,200  
     

 

 

  
     
     

CONSUMER STAPLES: 9.4%

      

Personal Care Products: 4.7%

 

   

Hindustan Unilever, Ltd.

      683,892        20,282,223  

Dabur India, Ltd.

      1,389,626        9,207,649  

Bajaj Consumer Care, Ltd.

      1,063,948        2,881,621  
     

 

 

  
        32,371,493  
     

 

 

  

Food Products: 4.0%

      

Britannia Industries, Ltd.

      248,955        13,595,450  

Nestle India, Ltd.

      49,587        13,420,451  
     

 

 

  
        27,015,901  
     

 

 

  

Tobacco: 0.7%

      

ITC, Ltd.

      920,713        4,919,395  
     

 

 

  

Total Consumer Staples

         64,306,789  
     

 

 

  
     
     

INDUSTRIALS: 6.2%

      

Machinery: 2.8%

 

   

Ashok Leyland, Ltd.

      4,399,810        9,357,050  

Thermax, Ltd.

      175,649        6,569,038  

Cummins India, Ltd.

      159,066        3,241,781  
     

 

 

  
        19,167,869  
     

 

 

  

Professional Services: 1.4%

      

Latent View Analytics, Ltd.d

      1,975,634        9,735,711  
     

 

 

  

Transportation Infrastructure: 1.3%

      

Gujarat Pipavav Port, Ltd.

      5,896,635        8,800,077  
     

 

 

  

Electrical Equipment: 0.4%

      

ABB India, Ltd.

      62,590        3,083,275  
     

 

 

  

Industrial Conglomerates: 0.3%

      

Siemens, Ltd.

      39,150        1,728,408  
     

 

 

  

Total Industrials

         42,515,340  
     

 

 

  
     
     

MATERIALS: 5.3%

      

Chemicals: 2.7%

 

   

Asian Paints, Ltd.

      261,395        9,935,204  

PI Industries, Ltd.

      207,710        8,627,239  
     

 

 

  
        18,562,443  
     

 

 

  

Metals & Mining: 1.6%

      

APL Apollo Tubes, Ltd.

      556,384        10,867,608  
     

 

 

  

 

 

 

1   MATTHEWS ASIA FUNDS

Matthews India Fund      September 30, 2023  
Schedule of Investmentsa (unaudited) (continued)   
COMMON EQUITIES (continued)

 

   
      Shares      Value  

Construction Materials: 1.0%

 

   

Ramco Cements, Ltd.

      654,421        $7,153,316  
     

 

 

  

Total Materials

         36,583,367  
     

 

 

  
     
     

ENERGY: 4.7%

      

Oil, Gas & Consumable Fuels: 4.7%

 

   

Reliance Industries, Ltd.

      1,139,656        32,086,642  
     

 

 

  

Total Energy

         32,086,642  
     

 

 

  
     
   

TOTAL COMMON EQUITIES

 

      679,026,031  
     

 

 

  

(Cost $537,792,116)

      

NON-CONVERTIBLE CORPORATE BONDS: 0.0%

 

      Face Amount*          
     

CONSUMER STAPLES: 0.0%

      

Food Products: 0.0%

      

Britannia Industries, Ltd., Series N3

      

5.500%, 06/03/2024

      INR 1,996,476        23,664  
     

 

 

  

Total Consumer Staples

         23,664  
     

 

 

  
     
   

TOTAL NON-CONVERTIBLE CORPORATE BONDS

 

      23,664  
     

 

 

  

(Cost $27,435)

      
     
     

TOTAL INVESTMENTS: 99.0%

         679,049,695  

(Cost $537,819,551)

      

CASH AND OTHER ASSETS,

LESS LIABILITIES: 1.0%

         7,082,287  
     

 

 

  

NET ASSETS: 100.0%

       $ 686,131,982  
     

 

 

  
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, 2023, the aggregate value is $45,011,402, which is 6.56% 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

Non-income producing security.

 

*

All Values in USD unless otherwise specified.

 

INR

Indian Rupee

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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