0001752724-23-266858.txt : 20231127 0001752724-23-266858.hdr.sgml : 20231127 20231127130149 ACCESSION NUMBER: 0001752724-23-266858 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: 231439295 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 2023-09-29 N 156943961.29 4284112.02 152659849.27 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 564935.79000000 0.00000000 0.00000000 3272395.23000000 N CSC Financial Co Ltd 3003006CDEBNKXHOI130 CSC Financial Co Ltd 000000000 4537000.00000000 NS 4580788.04000000 3.000650178750 Long EC CORP CN N 2 N N N PING AN 529900M9MC28JLN35U89 Ping An Insurance Group Co of China Ltd 000000000 531500.00000000 NS 3014480.44000000 1.974638684902 Long EC CORP CN N 2 N N N LONGSHINE N/A Longshine Technology Group Co Ltd 000000000 1215400.00000000 NS 3206784.73000000 2.100607818843 Long EC CORP CN N 2 N N N China Jushi Co Ltd 300300JZBQ0FKI1TDH04 China Jushi Co Ltd 000000000 1632407.00000000 NS 3028394.84000000 1.983753327729 Long EC CORP CN N 2 N N N WuXi AppTec Co Ltd 254900OEPQLZSPLN9175 WuXi AppTec Co Ltd 000000000 381600.00000000 NS 4539265.87000000 2.973451036212 Long EC CORP CN N 2 N N N Yadea Group Holdings Ltd N/A Yadea Group Holdings Ltd 000000000 1760000.00000000 NS 3259147.28000000 2.134907964068 Long EC CORP CN N 2 N N N KE Holdings Inc 254900RHVY072XPAZE03 KE Holdings Inc 482497104 181419.00000000 NS USD 2815622.88000000 1.844376824334 Long EC CORP CN N 1 N N N E Ink Holdings Inc 529900UOR451FJJYL571 E Ink Holdings Inc 000000000 598000.00000000 NS 3334440.65000000 2.184228967829 Long EC CORP TW N 2 N N N Tiangong International Co Ltd 254900F7I4ZE3X40W968 Tiangong International Co Ltd 000000000 9706000.00000000 NS 3151956.55000000 2.064692560009 Long EC CORP CN N 2 N N N China Vanke Co Ltd 529900E66UJ2DWY7KW55 China Vanke Co Ltd 000000000 2104100.00000000 NS 2314483.40000000 1.516104863896 Long EC CORP CN N 2 N N N Huaxin Cement Co Ltd 300300SD5S95ZOS05G37 Huaxin Cement Co Ltd 000000000 3066792.00000000 NS 3132170.19000000 2.051731483410 Long EC CORP CN N 2 N N N Yum China Holdings Inc 529900DO9BYZ7VA3K502 Yum China Holdings Inc 98850P109 77551.00000000 NS USD 4321141.72000000 2.830568574948 Long EC CORP CN N 1 N N N China Education Group Holdings 549300A81YHS5D5PYD04 China Education Group Holdings Ltd 000000000 4187000.00000000 NS 3393051.83000000 2.222622284919 Long EC CORP HK N 2 N N N AK Medical Holdings Ltd N/A AK Medical Holdings Ltd 000000000 3396000.00000000 NS 2856067.68000000 1.870870234483 Long EC CORP CN N 2 N N N HKEX 213800YTVSXYQN17BW16 Hong Kong Exchanges & Clearing Ltd 000000000 97300.00000000 NS 3611072.64000000 2.365437053205 Long EC CORP HK N 2 N N N PSBC 300300C1040311005298 Postal Savings Bank of China Co Ltd 000000000 6629000.00000000 NS 3338016.13000000 2.186571089885 Long EC CORP CN N 2 N N N PICC P&C 300300F1000311000017 PICC Property & Casualty Co Ltd 000000000 2434000.00000000 NS 3116711.37000000 2.041605166586 Long EC CORP CN N 2 N N N Alibaba Group Holding Ltd 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd 000000000 1362900.00000000 NS 14776815.92000000 9.679569310896 Long EC CORP CN N 2 N N N Tencent Holdings Ltd 254900N4SLUMW4XUYY11 Tencent Holdings Ltd 000000000 389900.00000000 NS 15114067.73000000 9.900486475175 Long EC CORP CN N 2 N N N ZTO Express Cayman Inc 549300SCJPK3YZJTJR78 ZTO Express Cayman Inc 98980A105 127273.00000000 NS USD 3076188.41000000 2.015060557644 Long EC CORP CN N 1 N N N JINJIANG SHARES 300300KOJEHP8FQX5092 Shanghai Jinjiang International Hotels Co Ltd 000000000 1846700.00000000 NS USD 3047913.72000000 1.996539191263 Long EC CORP CN N 2 N N N Tsingtao Brewery Co Ltd 300300OJ7D0Q1ESE8L15 Tsingtao Brewery Co Ltd 000000000 564000.00000000 NS 4592636.60000000 3.008411590841 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 2883323.74000000 1.888724346177 Long EC CORP CN N 2 N N N YILI 3003002Q2A863JPQFH06 Inner Mongolia Yili Industrial Group Co Ltd 000000000 885600.00000000 NS 3233643.18000000 2.118201475674 Long EC CORP CN N 2 N N N Tam Jai International Co Ltd 98450080E0L0ACS84C98 Tam Jai International Co Ltd 000000000 15983000.00000000 NS 2749836.48000000 1.801283371593 Long EC CORP HK N 2 N N N Onewo Inc N/A Onewo Inc 000000000 782730.00000000 NS 2329240.24000000 1.525771347959 Long EC CORP CN N 2 N N N Wuliangye Yibin Co Ltd N/A Wuliangye Yibin Co Ltd 000000000 235400.00000000 NS 5077349.06000000 3.325923013994 Long EC CORP CN N 2 N N N China Merchants Bank Co Ltd 549300MKO5B60FFIHF58 China Merchants Bank Co Ltd 000000000 803784.00000000 NS 3659867.29000000 2.397400041661 Long EC CORP CN N 2 N N N CITIC TELECOM N/A CITIC Telecom International Holdings Ltd 000000000 21079000.00000000 NS 8335003.67000000 5.459853202958 Long EC CORP HK N 2 N N N MINISO Group Holding Ltd 2549006PIKT2YKNBL092 MINISO Group Holding Ltd 66981J102 185875.00000000 NS USD 4814162.50000000 3.153522372136 Long EC CORP CN N 1 N N N CHINA SUNTIEN 529900JAYC5BYZPWOK13 China Suntien Green Energy Corp Ltd 000000000 9801000.00000000 NS 3384351.59000000 2.216923183262 Long EC CORP CN N 2 N N N Xtep International Holdings Lt 529900ZZZZBTOKZQI549 Xtep International Holdings Ltd 000000000 4084000.00000000 NS 3761642.00000000 2.464067675939 Long EC CORP CN N 2 N N N Haier Smart Home Co Ltd 3003002BYTNGNJTWSH07 Haier Smart Home Co Ltd 000000000 3542975.00000000 NS 4142866.21000000 2.713789008577 Long EC CORP CN N 1 N N N Wharf Real Estate Investment C 529900QLPKS8U9QOPB59 Wharf Real Estate Investment Co Ltd 000000000 714000.00000000 NS 2751711.93000000 1.802511887151 Long EC CORP HK N 2 N N N Yangzijiang Shipbuilding Holdi 254900Z3JEM14YIGLM66 Yangzijiang Shipbuilding Holdings Ltd 000000000 4392700.00000000 NS 5324791.09000000 3.488010184382 Long EC CORP CN N 2 N N N 2023-11-20 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA920MI9.30.23.htm HTML
Matthews China Dividend Fund    September 30, 2023
Schedule of Investmentsa (unaudited)   
COMMON EQUITIES: 98.7%   

 

      Shares      Value  

CONSUMER DISCRETIONARY: 29.1%

      

Broadline Retail: 12.9%

 

   

Alibaba Group Holding, Ltd.b

      1,362,900      $ 14,776,816  

MINISO Group Holding, Ltd. ADR

      185,875        4,814,163  
     

 

 

  
        19,590,979  
     

 

 

  

Hotels, Restaurants & Leisure: 6.7%

      

Yum China Holdings, Inc.

      77,551        4,321,142  

Shanghai Jinjiang International Hotels Co., Ltd. B Shares

      1,846,700        3,047,914  

Tam Jai International Co., Ltd.

      15,983,000        2,749,836  
     

 

 

  
        10,118,892  
     

 

 

  

Household Durables: 2.7%

      

Haier Smart Home Co., Ltd. D Shares

      3,542,975        4,142,866  
     

 

 

  

Textiles, Apparel & Luxury Goods: 2.5%

      

Xtep International Holdings, Ltd.

      4,084,000        3,761,642  
     

 

 

  

Diversified Consumer Services: 2.2%

      

China Education Group Holdings, Ltd.c

      4,187,000        3,393,052  
     

 

 

  

Automobiles: 2.1%

      

Yadea Group Holdings, Ltd.c,d

      1,760,000        3,259,147  
     

 

 

  

Total Consumer Discretionary

         44,266,578  
     

 

 

  
     
     

COMMUNICATION SERVICES: 15.4%

      

Interactive Media & Services: 9.9%

 

   

Tencent Holdings, Ltd.

      389,900        15,114,068  
     

 

 

  

Diversified Telecommunication Services: 5.5%

 

CITIC Telecom International Holdings, Ltd.

      21,079,000        8,335,003  
     

 

 

  

Total Communication Services

         23,449,071  
     

 

 

  
     
     

FINANCIALS: 14.0%

      

Capital Markets: 5.4%

 

   

CSC Financial Co., Ltd. H Sharesc,d

      4,537,000        4,580,788  

Hong Kong Exchanges & Clearing, Ltd.

      97,300        3,611,073  
     

 

 

  
        8,191,861  
     

 

 

  

Banks: 4.6%

      

China Merchants Bank Co., Ltd. A Shares

      803,784        3,659,867  

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

      6,629,000        3,338,016  
     

 

 

  
        6,997,883  
     

 

 

  

Insurance: 4.0%

      

PICC Property & Casualty Co., Ltd. H Shares

      2,434,000        3,116,711  

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

      531,500        3,014,481  
     

 

 

  
        6,131,192  
     

 

 

  

Total Financials

         21,320,936  
     

 

 

  
     
     

CONSUMER STAPLES: 8.5%

      

Beverages: 6.4%

 

   

Wuliangye Yibin Co., Ltd. A Shares

      235,400        5,077,349  

Tsingtao Brewery Co., Ltd. H Shares

      564,000        4,592,637  
     

 

 

  
        9,669,986  
     

 

 

  
      Shares      Value  

Food Products: 2.1%

 

   

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

      885,600        $3,233,643  
     

 

 

  

Total Consumer Staples

         12,903,629  
     

 

 

  
     
     

REAL ESTATE: 6.7%

      

Real Estate Management & Development: 6.7%

 

   

KE Holdings, Inc. ADR

      181,419        2,815,623  

Wharf Real Estate Investment Co., Ltd.

      714,000        2,751,712  

Onewo, Inc. H Shares

      782,730        2,329,240  

China Vanke Co., Ltd. H Shares

      2,104,100        2,314,483  
     

 

 

  

Total Real Estate

         10,211,058  
     

 

 

  
     
     

INFORMATION TECHNOLOGY: 6.2%

      

Electronic Equipment, Instruments & Components: 4.1%

 

E Ink Holdings, Inc.

      598,000        3,334,440  

OPT Machine Vision Tech Co., Ltd. A Shares

      185,055        2,883,324  
     

 

 

  
        6,217,764  
     

 

 

  

Software: 2.1%

      

Longshine Technology Group Co., Ltd. A Shares

      1,215,400        3,206,785  
     

 

 

  

Total Information Technology

         9,424,549  
     

 

 

  
     
     

MATERIALS: 6.1%

      

Construction Materials: 4.0%

 

   

Huaxin Cement Co., Ltd. H Shares

      3,066,792        3,132,170  

China Jushi Co., Ltd. A Shares

      1,632,407        3,028,395  
     

 

 

  
        6,160,565  
     

 

 

  

Metals & Mining: 2.1%

      

Tiangong International Co., Ltd.

      9,706,000        3,151,957  
     

 

 

  

Total Materials

         9,312,522  
     

 

 

  
     
     

INDUSTRIALS: 5.5%

      

Machinery: 3.5%

 

   

Yangzijiang Shipbuilding Holdings, Ltd.

      4,392,700        5,324,791  
     

 

 

  

Air Freight & Logistics: 2.0%

      

ZTO Express Cayman, Inc. ADR

      127,273        3,076,188  
     

 

 

  

Total Industrials

         8,400,979  
     

 

 

  
     
     

HEALTH CARE: 4.9%

      

Life Sciences Tools & Services: 3.0%

 

   

WuXi AppTec Co., Ltd. A Shares

      381,600        4,539,266  
     

 

 

  

Health Care Equipment & Supplies: 1.9%

      

AK Medical Holdings, Ltd.c,d

      3,396,000        2,856,068  
     

 

 

  

Total Health Care

         7,395,334  
     

 

 

  
 

 

matthewsasia.com  |  800.789.ASIA   1

 

Matthews China Dividend Fund    September 30, 2023
Schedule of Investmentsa (unaudited) (continued)   

 

COMMON EQUITIES (continued)

 

   
      Shares      Value  

ENERGY: 2.3%

      

Oil, Gas & Consumable Fuels: 2.3%

 

   

China Suntien Green Energy Corp., Ltd. H Shares

      9,801,000        $3,384,352  
     

 

 

  

Total Energy

         3,384,352  
     

 

 

  
     
     

TOTAL INVESTMENTS: 98.7%

         150,069,008  

(Cost $178,554,952)

      

CASH AND OTHER ASSETS,

LESS LIABILITIES: 1.3%

         1,952,451  
     

 

 

  

NET ASSETS: 100.0%

        $ 152,021,459  
     

 

 

  
a

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

 

b

Non-income producing security.

 

c

The securities may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

 

d

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 $14,034,019, which is 9.23% of net assets.

 

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