0001752724-23-266860.txt : 20231127 0001752724-23-266860.hdr.sgml : 20231127 20231127130149 ACCESSION NUMBER: 0001752724-23-266860 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: 231439297 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 S000001030 MATTHEWS ASIAN GROWTH AND INCOME FUND C000002786 Investor Class Shares MACSX C000093222 Institutional Class Shares MICSX NPORT-P 1 primary_doc.xml NPORT-P false 0000923184 XXXXXXXX S000001030 C000002786 C000093222 Matthews International Funds 811-08510 0000923184 5493007IYPQKGSDVTS49 Four Embarcadero Center Suite 550 San Francisco 94111 415-788-7553 Matthews Asian Growth and Income Fund S000001030 549300S76TI1ILC35W15 2023-12-31 2023-09-29 N 445446149.15 6098083.26 439348065.89 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1969000.00000000 0.00000000 0.00000000 4673086.53000000 N United Overseas Bank Ltd IO66REGK3RCBAMA8HR66 United Overseas Bank Ltd 000000000 443000.00000000 NS 9226852.93000000 2.100123716559 Long EC CORP SG N 2 N N N Digital Telecommunications Inf N/A Digital Telecommunications Infrastructure Fund 000000000 27011300.00000000 NS 6704495.59000000 1.526010038628 Long EC CORP TH N 2 N N N TSMC 549300KB6NK5SBD14S87 Taiwan Semiconductor Manufacturing Co Ltd 000000000 2054187.00000000 NS 33496074.86000000 7.624040586623 Long EC CORP TW N 2 N N N BOC Hong Kong Holdings Ltd 254900JB98W77JDJMW15 BOC Hong Kong Holdings Ltd 000000000 2745500.00000000 NS 7494860.37000000 1.705904942318 Long EC CORP HK N 2 N N N HKT Trust & HKT Ltd N/A HKT Trust & HKT Ltd 000000000 9043000.00000000 NS 9429768.27000000 2.146309270964 Long EC CORP HK N 2 N N N Venture Corp Ltd 254900B1NLZC3J1MAE72 Venture Corp Ltd 000000000 710500.00000000 NS 6415302.53000000 1.460186814981 Long EC CORP SG N 2 N N N Embassy Office Parks REIT 335800O555A557E43Z08 Embassy Office Parks REIT 000000000 1916127.00000000 NS 6936395.32000000 1.578792729165 Long EC CORP IN N 1 N N N AIA Group Ltd ZP5ILWVSYE4LJGMMVD57 AIA Group Ltd 000000000 2309800.00000000 NS 18679692.20000000 4.251684177136 Long EC CORP HK N 2 N N N BIZLINK HOLDING INC 213800YAKRFVU5XOX138 Bizlink Holding Inc 000000000 4800000.00000000 PA USD 4662771.50000000 1.061293280204 Long DBT CORP KY N 2 2027-01-12 None 0.00000000 N N N N N Bizlink Holding Inc Bizlink Holding Inc TWD XXXX N N N Tencent Holdings Ltd 254900N4SLUMW4XUYY11 Tencent Holdings Ltd 000000000 486100.00000000 NS 18843160.61000000 4.288891216996 Long EC CORP CN N 2 N N N Chailease Holding Co Ltd 529900L76E6T0JCM3J27 Chailease Holding Co Ltd 000000000 1353703.00000000 NS 7601368.88000000 1.730147341061 Long EC CORP TW N 2 N N N Yum China Holdings Inc 529900DO9BYZ7VA3K502 Yum China Holdings Inc 98850P109 145073.00000000 NS USD 8083467.56000000 1.839877807046 Long EC CORP CN N 1 N N N LVMH Moet Hennessy Louis Vuitt IOG4E947OATN0KJYSD45 LVMH Moet Hennessy Louis Vuitton SE 000000000 8948.00000000 NS 6754224.78000000 1.537328898061 Long EC CORP FR N 2 N N N Advantech Co Ltd 2549002OSTKE9HB9IY03 Advantech Co Ltd 000000000 691078.00000000 NS 7399803.50000000 1.684269051010 Long EC CORP TW N 2 N N N Crompton Greaves Consumer Elec 335800DIIEEWMH3UDH51 Crompton Greaves Consumer Electricals Ltd 000000000 1785672.00000000 NS 6652416.88000000 1.514156405018 Long EC CORP IN N 2 N N N Guangdong Investment Ltd N/A Guangdong Investment Ltd 000000000 9450000.00000000 NS 7202689.73000000 1.639403991777 Long EC CORP HK N 2 N N N ST Engineering 254900OEXGGWCR24DG90 Singapore Technologies Engineering Ltd 000000000 3216525.00000000 NS 9179487.05000000 2.089342770043 Long EC CORP SG N 2 N N N JD.com Inc 549300HVTWB0GJZ16V92 JD.com Inc 000000000 595952.00000000 NS 8670406.90000000 1.973471052486 Long EC CORP CN N 2 N N N Macquarie Korea Infrastructure N/A Macquarie Korea Infrastructure Fund 000000000 1291597.00000000 NS 11701933.18000000 2.663476657464 Long EC CORP KR N 2 N N N CapitaLand Ascendas REIT 549300ILIBAEMQZK3L20 CapitaLand Ascendas REIT 000000000 4760184.00000000 NS 9547389.97000000 2.173081142546 Long EC CORP SG N 2 N N N SK Telecom Co Ltd 9884003WEA1PHW006037 SK Telecom Co Ltd 000000000 265602.00000000 NS 10232072.94000000 2.328921812657 Long EC CORP KR N 2 N N N Zhongsheng Group Holdings Ltd 3003005VYMEBAJNJ2Y26 Zhongsheng Group Holdings Ltd 000000000 2192000.00000000 NS 6137339.96000000 1.396919762823 Long EC CORP CN N 2 N N N Qingdao Haier Biomedical Co Lt 65560007PZ5ME4672K78 Qingdao Haier Biomedical Co Ltd 000000000 943264.00000000 NS 4960404.36000000 1.129037486474 Long EC CORP CN N 2 N N N NetEase Inc 5299004AF4DSJDB0PA32 NetEase Inc 64110W102 91763.00000000 NS USD 9190982.08000000 2.091959153474 Long EC CORP CN N 1 N N N Aristocrat Leisure Ltd 529900TE2HO3OZKYKC27 Aristocrat Leisure Ltd 000000000 252470.00000000 NS 6596145.01000000 1.501348366388 Long EC CORP AU N 2 N N N Jiangsu Expressway Co Ltd 529900UWWTWZ6AKLYD43 Jiangsu Expressway Co Ltd 000000000 7570000.00000000 NS 6828028.93000000 1.554127458412 Long EC CORP CN N 2 N N N Samsung Electronics Co Ltd 9884007ER46L6N7EI764 Samsung Electronics Co Ltd 000000000 302296.00000000 NS 15282312.44000000 3.478406672632 Long EC CORP KR N 2 N N N Broadcom Inc 549300WV6GIDOZJTV909 Broadcom Inc 11135F101 8113.00000000 NS USD 6738495.54000000 1.533748766220 Long EC CORP US N 1 N N N Link REIT 529900XUE70U36QX5M62 Link REIT 000000000 1378640.00000000 NS 6740907.10000000 1.534297661318 Long EC CORP HK N 2 N N N ENN Natural Gas Co Ltd 300300KVDMGNQNP52Z98 ENN Natural Gas Co Ltd 000000000 2864177.00000000 NS 6844098.37000000 1.557785023165 Long EC CORP CN N 2 N N N Techtronic Industries Co Ltd 549300HZW2SBE758OK89 Techtronic Industries Co Ltd 000000000 800000.00000000 NS 7722869.79000000 1.757802159514 Long EC CORP HK N 2 N N N LEENO Industrial Inc N/A LEENO Industrial Inc 000000000 57162.00000000 NS 6504769.03000000 1.480550282342 Long EC CORP KR N 2 N N N CK Hutchison Holdings Ltd 254900Z8HM1VEPOQ2G79 CK Hutchison Holdings Ltd 000000000 825172.00000000 NS 4380912.69000000 0.997139404978 Long EC CORP HK N 2 N N N BIZLINK HOLDING INC 213800YAKRFVU5XOX138 Bizlink Holding Inc 000000000 2200000.00000000 PA USD 2317700.00000000 0.527531626958 Long DBT CORP KY N 3 2028-01-30 None 0.00000000 N N N N N Bizlink Holding Inc Bizlink Holding Inc TWD XXXX N N N NARI Technology Co Ltd N/A NARI Technology Co Ltd 000000000 2783990.00000000 NS 8478555.86000000 1.929803843070 Long EC CORP CN N 2 N N N Midea Group Co Ltd 3003003TRPHLHZD2IF61 Midea Group Co Ltd 000000000 1267630.00000000 NS 9679132.42000000 2.203067037610 Long EC CORP CN N 2 N N N Wuliangye Yibin Co Ltd N/A Wuliangye Yibin Co Ltd 000000000 357674.00000000 NS 7714680.32000000 1.755938154495 Long EC CORP CN N 2 N N N PHARMARON BEIJING CO 300300JYXHGVS5SNGG54 Pharmaron Beijing Co Ltd 000000000 11200000.00000000 PA USD 10516800.00000000 2.393728530179 Long DBT CORP CN N 2 2026-06-18 None 0.00000000 N N N N N Pharmaron Beijing Co Ltd Pharmaron Beijing Co Ltd HKD XXXX N N N Bank of the Philippine Islands 549300UW4UH6XT2X8C50 Bank of the Philippine Islands 000000000 4960566.00000000 NS 9810152.66000000 2.232888550477 Long EC CORP PH N 2 N N N HDFC Bank Ltd 335800ZQ6I4E2JXENC50 HDFC Bank Ltd 000000000 929885.00000000 NS 17054011.80000000 3.881663110420 Long EC CORP IN N 2 N N N Computer Age Management Servic 33580012MDHMBHWN5Z06 Computer Age Management Services Ltd 000000000 227010.00000000 NS 6847460.48000000 1.558550272920 Long EC CORP IN N 2 N N N Bank Rakyat Indonesia Persero 254900HB6S4B12GBNP64 Bank Rakyat Indonesia Persero Tbk PT 000000000 31908972.00000000 NS 10776710.00000000 2.452886637424 Long EC CORP ID N 2 N N N YILI 3003002Q2A863JPQFH06 Inner Mongolia Yili Industrial Group Co Ltd 000000000 2635175.00000000 NS 9621968.91000000 2.190056052826 Long EC CORP CN N 2 N N N Tata Consultancy Services Ltd 335800ZJKU9GPQRE2U66 Tata Consultancy Services Ltd 000000000 240863.00000000 NS 10198668.64000000 2.321318660943 Long EC CORP IN N 2 N N N ESR GROUP LTD 549300C81AR42BZUFZ09 ESR Group Ltd 000000000 12866000.00000000 PA USD 12640845.00000000 2.877182348440 Long DBT CORP KY N 2 2025-09-30 Fixed 1.50000000 N N N N N ESR Group Ltd ESR Group Ltd HKD XXXX N N N HANSOH PHARMACEUTICAL 254900Q6MR00EBXTPF42 Hansoh Pharmaceutical Group Co Ltd 000000000 10756000.00000000 PA USD 10497856.00000000 2.389416686911 Long DBT CORP KY N 2 2026-01-22 None 0.00000000 N N N N N Hansoh Pharmaceutical Group Co Hansoh Pharmaceutical Group Co Ltd HKD XXXX N N N Pernod Ricard SA 52990097YFPX9J0H5D87 Pernod Ricard SA 000000000 45746.00000000 NS 7616250.27000000 1.733534493789 Long EC CORP FR N 2 N N N 2023-11-20 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA100MI9.30.23.htm HTML

 

Matthews Asian Growth and Income Fund      September 30, 2023  
Schedule of Investmentsa (unaudited)   

COMMON EQUITIES: 90.5%

      Shares      Value  

CHINA/HONG KONG: 38.1%

      

Tencent Holdings, Ltd.

      486,100        $18,843,161  

AIA Group, Ltd.

      2,309,800        18,679,692  

Midea Group Co., Ltd. A Shares

      1,267,630        9,679,132  

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

      2,635,175        9,621,969  

HKT Trust & HKT, Ltd.

      9,043,000        9,429,768  

NetEase, Inc. ADR

      91,763        9,190,982  

JD.com, Inc. Class A

      595,952        8,670,407  

NARI Technology Co., Ltd. A Shares

      2,783,990        8,478,556  

Yum China Holdings, Inc.

      145,073        8,083,468  

Techtronic Industries Co., Ltd.

      800,000        7,722,870  

Wuliangye Yibin Co., Ltd. A Shares

      357,674        7,714,680  

BOC Hong Kong Holdings, Ltd.

      2,745,500        7,494,860  

Guangdong Investment, Ltd.

      9,450,000        7,202,690  

ENN Natural Gas Co., Ltd. A Shares

      2,864,177        6,844,098  

Jiangsu Expressway Co., Ltd. H Shares

      7,570,000        6,828,029  

Link REIT

      1,378,640        6,740,907  

Zhongsheng Group Holdings, Ltd.

      2,192,000        6,137,340  

Qingdao Haier Biomedical Co., Ltd. A Shares

      943,264        4,960,404  

CK Hutchison Holdings, Ltd.

      825,172        4,380,913  
     

 

 

  

Total China/Hong Kong

         166,703,926  
     

 

 

  
     
     

TAIWAN: 11.1%

      

Taiwan Semiconductor Manufacturing Co., Ltd.

      2,054,187        33,496,075  

Chailease Holding Co., Ltd.

      1,353,703        7,601,369  

Advantech Co., Ltd.

      691,078        7,399,803  
     

 

 

  

Total Taiwan

         48,497,247  
     

 

 

  
     
     

INDIA: 10.9%

      

HDFC Bank, Ltd.

      929,885        17,054,012  

Tata Consultancy Services, Ltd.

      240,863        10,198,669  

Embassy Office Parks REIT

      1,916,127        6,936,395  

Computer Age Management Services, Ltd.

      227,010        6,847,460  

Crompton Greaves Consumer Electricals, Ltd.

      1,785,672        6,652,417  
     

 

 

  

Total India

         47,688,953  
     

 

 

  
     
     

SOUTH KOREA: 10.0%

      

Samsung Electronics Co., Ltd.

      302,296        15,282,313  

Macquarie Korea Infrastructure Fund

      1,291,597        11,701,933  

SK Telecom Co., Ltd.

      265,602        10,232,073  

LEENO Industrial, Inc.

      57,162        6,504,769  
     

 

 

  

Total South Korea

         43,721,088  
     

 

 

  
     
     

SINGAPORE: 7.9%

      

CapitaLand Ascendas REIT

      4,760,184        9,547,390  

United Overseas Bank, Ltd.

      443,000        9,226,853  

Singapore Technologies Engineering, Ltd.

      3,216,525        9,179,487  

Venture Corp., Ltd.

      710,500        6,415,302  
     

 

 

  

Total Singapore

         34,369,032  
     

 

 

  
     
     

FRANCE: 3.3%

      

Pernod Ricard SA

      45,746        7,616,250  

LVMH Moet Hennessy Louis Vuitton SE

      8,948        6,754,225  
     

 

 

  

Total France

         14,370,475  
     

 

 

  
      Shares      Value  
     

INDONESIA: 2.5%

      

PT Bank Rakyat Indonesia Persero Tbk

      31,908,972        $10,776,710  
     

 

 

  

Total Indonesia

         10,776,710  
     

 

 

  
     
     

PHILIPPINES: 2.2%

      

Bank of the Philippine Islands

      4,960,566        9,810,153  
     

 

 

  

Total Philippines

         9,810,153  
     

 

 

  
     
     

UNITED STATES: 1.5%

      

Broadcom, Inc.

      8,113        6,738,496  
     

 

 

  

Total United States

         6,738,496  
     

 

 

  
     
     

THAILAND: 1.5%

      

Digital Telecommunications Infrastructure Fund F Shares

      27,011,300        6,704,496  
     

 

 

  

Total Thailand

         6,704,496  
     

 

 

  
     
     

AUSTRALIA: 1.5%

      

Aristocrat Leisure, Ltd.

      252,470        6,596,145  
     

 

 

  

Total Australia

         6,596,145  
     

 

 

  
     
   

TOTAL COMMON EQUITIES

 

      395,976,721  
     

 

 

  

(Cost $423,304,068)

      

CONVERTIBLE CORPORATE BONDS: 9.3%

 

      Face Amount*      Value  
     

CHINA/HONG KONG: 7.7%

      

ESR Group, Ltd., Cnv.

      

1.500%, 09/30/25b

      12,866,000        12,640,845  

Pharmaron Beijing Co., Ltd., Cnv.

      

0.000%, 06/18/26b

      11,200,000        10,516,800  

Hansoh Pharmaceutical Group Co., Ltd., Cnv.

      

0.000%, 01/22/26b

      10,756,000        10,497,856  
     

 

 

  

Total China/Hong Kong

         33,655,501  
     

 

 

  
     
   

TAIWAN: 1.6%

 

   

Bizlink Holding, Inc., Cnv.

      

0.000%, 01/12/27b

      4,800,000        4,662,771  

Bizlink Holding, Inc., Cnv.

      

0.000%, 01/30/28b,c

      2,200,000        2,317,700  
     

 

 

  

Total Taiwan

         6,980,471  
     

 

 

  
     
   

TOTAL CONVERTIBLE CORPORATE BONDS

 

      40,635,972  
     

 

 

  

(Cost $42,793,203)

      
     
     

TOTAL INVESTMENTS: 99.8%

         436,612,693  

(Cost $466,097,271)

      

CASH AND OTHER ASSETS,

LESS LIABILITIES: 0.2%

         1,043,040  
     

 

 

  

NET ASSETS: 100.0%

       $ 437,655,733  
     

 

 

  

 

 

 

1   MATTHEWS ASIA FUNDS

Matthews Asian Growth and Income Fund    September 30, 2023
Schedule of Investmentsa (unaudited) (continued)   
a

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

 

b

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

 

c

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. The aggregate value of Level 3 security is $2,317,700 and 0.53% of net assets.

 

*

All Values in USD unless otherwise specified.

 

ADR

American Depositary Receipt

 

Cnv.

Convertible

 

REIT

Real Estate Investment Trust

 

USD

U.S. Dollar

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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