0001752724-23-266859.txt : 20231127 0001752724-23-266859.hdr.sgml : 20231127 20231127130149 ACCESSION NUMBER: 0001752724-23-266859 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: 231439296 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 S000001032 MATTHEWS CHINA FUND C000002790 Investor Class Shares MCHFX C000093224 Institutional Class Shares MICFX NPORT-P 1 primary_doc.xml NPORT-P false 0000923184 XXXXXXXX S000001032 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300300JI5I0B95GO5C39 NAURA Technology Group Co Ltd 000000000 165313.00000000 NS 5474841.70000000 0.936752936390 Long EC CORP CN N 2 N N N 2023-11-20 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA400MI9.30.23.htm HTML

 

Matthews China Fund    September 30, 2023
Schedule of Investmentsa (unaudited)   
COMMON EQUITIES: 100.4%   

 

      Shares      Value  

CONSUMER DISCRETIONARY: 34.8%

 

Broadline Retail: 18.8%

 

   

Alibaba Group Holding, Ltd.b

      4,577,200        $49,626,856  

PDD Holdings, Inc. ADRb

      390,140        38,261,030  

JD.com, Inc. Class A

      1,522,663        22,152,971  
     

 

 

  
        110,040,857  
     

 

 

  
     

Hotels, Restaurants & Leisure: 10.0%

 

Meituan Class Bb,c,d

      1,963,280        28,420,817  

Galaxy Entertainment Group, Ltd.

      1,803,000        10,788,469  

Luckin Coffee, Inc. ADRb

      193,113        6,761,002  

Yum China Holdings, Inc.

      118,783        6,618,589  

Trip.com Group, Ltd. ADRb

      160,521        5,613,419  
     

 

 

  
        58,202,296  
     

 

 

  

Household Durables: 3.0%

 

   

Midea Group Co., Ltd. A Shares

      1,250,552        9,548,732  

Man Wah Holdings, Ltd.

      11,577,200        8,091,778  
     

 

 

  
        17,640,510  
     

 

 

  

Diversified Consumer Services: 1.1%

 

   

China Education Group Holdings, Ltd.d

      8,327,000        6,748,016  
     

 

 

  

Automobiles: 1.0%

 

   

Yadea Group Holdings, Ltd.c,d

      3,030,000        5,610,918  
     

 

 

  

Specialty Retail: 0.9%

 

   

China Tourism Group Duty Free Corp., Ltd. A Shares

      341,690        5,007,126  
     

 

 

  

Total Consumer Discretionary

         203,249,723  
     

 

 

  
     
     

FINANCIALS: 19.7%

      

Capital Markets: 9.3%

 

   

China International Capital Corp., Ltd. H Sharesc,d

      11,718,000        21,388,687  

CITIC Securities Co., Ltd. H Shares

      8,926,425        18,020,521  

Hong Kong Exchanges & Clearing, Ltd.

      161,800        6,004,847  

China Merchants Securities Co., Ltd. H Sharesc,d

      5,046,800        4,409,645  

East Money Information Co., Ltd. A Shares

      2,082,820        4,373,959  
     

 

 

  
        54,197,659  
     

 

 

  

Banks: 6.4%

 

   

China Merchants Bank Co., Ltd. A Shares

      5,588,623        25,446,660  

China Construction Bank Corp. H Shares

      20,910,000        11,754,606  
     

 

 

  
        37,201,266  
     

 

 

  

Insurance: 4.0%

 

   

PICC Property & Casualty Co., Ltd. H Shares

      9,520,000        12,190,260  

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

      2,031,000        11,519,115  
     

 

 

  
        23,709,375  
     

 

 

  

Total Financials

         115,108,300  
     

 

 

  
     
   

COMMUNICATION SERVICES: 13.9%

 

   

Interactive Media & Services: 10.1%

      

Tencent Holdings, Ltd.

      1,087,300        42,148,053  

Kuaishou Technologyb,c,d

      1,318,200        10,487,219  
      Shares      Value  

Baidu, Inc. Class Ab

      370,750        $6,239,971  
     

 

 

  
        58,875,243  
     

 

 

  

Media: 2.1%

 

   

Focus Media Information Technology Co., Ltd. A Shares

      12,299,257        12,075,067  
     

 

 

  

Entertainment: 1.7%

 

   

Tencent Music Entertainment Group ADRb

      1,590,127        10,145,010  
     

 

 

  

Total Communication Services

         81,095,320  
     

 

 

  
     
     

INDUSTRIALS: 8.2%

      

Electrical Equipment: 4.5%

 

   

Contemporary Amperex Technology Co., Ltd. A Shares

      587,760        16,433,132  

Sungrow Power Supply Co., Ltd. A Shares

      775,874        9,519,428  
     

 

 

  
        25,952,560  
     

 

 

  

Machinery: 2.5%

 

   

Shenzhen Inovance Technology Co., Ltd. A Shares

      980,107        8,964,818  

Estun Automation Co., Ltd. A Shares

      1,944,344        5,891,380  
     

 

 

  
        14,856,198  
     

 

 

  

Transportation Infrastructure: 1.2%

 

   

Shanghai International Airport Co., Ltd. A Sharesb

      1,350,891        7,044,149  
     

 

 

  

Total Industrials

         47,852,907  
     

 

 

  
     
     

REAL ESTATE: 5.6%

      

Real Estate Management & Development: 5.6%

 

   

KE Holdings, Inc. ADR

      1,330,675        20,652,076  

Country Garden Services Holdings Co., Ltd.

      5,577,000        5,695,535  

CIFI Holdings Group Co., Ltd.b

      104,961,520        4,044,067  

Times China Holdings, Ltd.b

      42,755,000        2,364,840  
     

 

 

  

Total Real Estate

         32,756,518  
     

 

 

  
     
     

CONSUMER STAPLES: 5.4%

      

Beverages: 4.2%

 

   

Wuliangye Yibin Co., Ltd. A Shares

      412,429        8,895,692  

Shanxi Xinghuacun Fen Wine Factory Co., Ltd. A Shares

      241,022        7,962,047  

Tsingtao Brewery Co., Ltd. H Shares

      930,000        7,572,965  
     

 

 

  
        24,430,704  
     

 

 

  

Consumer Staples Distribution & Retail: 1.2%

 

   

JD Health International, Inc.b,c,d

      1,405,800        7,224,215  
     

 

 

  

Total Consumer Staples

         31,654,919  
     

 

 

  
     
     

INFORMATION TECHNOLOGY: 5.1%

      

Electronic Equipment, Instruments & Components: 2.0%

 

SUPCON Technology Co., Ltd. A Shares

      939,141        6,150,729  

Wingtech Technology Co., Ltd. A Sharesb

      931,617        5,585,171  
     

 

 

  
        11,735,900  
     

 

 

  

Semiconductors & Semiconductor Equipment: 1.6%

 

   

NAURA Technology Group Co., Ltd. A Shares

      165,313        5,474,842  

 

 

 

1   MATTHEWS ASIA FUNDS

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

 

      Shares      Value  

Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. A Shares

      622,758        $4,078,481  
     

 

 

  
        9,553,323  
     

 

 

  

Software: 1.5%

      

Shanghai Baosight Software Co., Ltd. A Shares

      1,371,534        8,510,772  
     

 

 

  

Total Information Technology

         29,799,995  
     

 

 

  
     
     

HEALTH CARE: 4.9%

      

Life Sciences Tools & Services: 2.1%

 

   

Wuxi Biologics Cayman, Inc.b,c,d

      2,050,000        11,914,309  
     

 

 

  

Health Care Equipment & Supplies: 1.7%

 

   

Shenzhen Mindray Bio-Medical Electronics Co., Ltd. A Shares

      268,014        9,968,255  
     

 

 

  

Health Care Providers & Services: 1.1%

 

   

Sinopharm Group Co., Ltd. H Shares

      2,234,400        6,478,243  
     

 

 

  
     

Total Health Care

         28,360,807  
     

 

 

  
     
     

ENERGY: 1.8%

      

Oil, Gas & Consumable Fuels: 1.8%

      

PetroChina Co., Ltd. H Shares

      13,678,000        10,250,740  
     

 

 

  

Total Energy

         10,250,740  
     

 

 

  
     
     

UTILITIES: 1.0%

      

Gas Utilities: 1.0%

      

ENN Energy Holdings, Ltd.

      700,500        5,772,261  
     

 

 

  

Total Utilities

         5,772,261  
     

 

 

  
     
     

TOTAL INVESTMENTS: 100.4%

         585,901,490  

(Cost $794,195,240)

      

LIABILITIES IN EXCESS OF CASH

AND OTHER ASSETS: (0.4%)

         (2,320,368 ) 
     

 

 

  

NET ASSETS: 100.0%

         $ 583,581,122  
     

 

 

  
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 September 30, 2023, the aggregate value is $89,455,810, which is 15.33% 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).

 

 

 

 

 

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