0001752724-24-115599.txt : 20240523 0001752724-24-115599.hdr.sgml : 20240523 20240523150939 ACCESSION NUMBER: 0001752724-24-115599 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240328 FILED AS OF DATE: 20240523 DATE AS OF CHANGE: 20240523 PERIOD START: 20241231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MATTHEWS INTERNATIONAL FUNDS CENTRAL INDEX KEY: 0000923184 ORGANIZATION NAME: IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-08510 FILM NUMBER: 24977644 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 S000032816 MATTHEWS CHINA SMALL COMPANIES FUND C000101279 Investor Class Shares MCSMX C000195803 Institutional Class Shares MICHX NPORT-P 1 primary_doc.xml NPORT-P 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Matthews China Small Companies Fund March 31, 2024
Schedule of Investmentsa (unaudited)
COMMON EQUITIES: 98.8%  
  Shares Value
Consumer Discretionary: 22.5%
Textiles, Apparel & Luxury Goods: 6.4%
Samsonite International SAb,c,d  1,021,800 $3,871,468
Xtep International Holdings, Ltd.  2,110,500 1,310,082
    5,181,550
Household Durables: 6.3%
Hisense Home Appliances Group Co., Ltd. H Shares  834,000 2,597,640
Jason Furniture Hangzhou Co., Ltd. A Shares  506,800 2,543,039
    5,140,679
Hotels, Restaurants & Leisure: 4.6%
Tongcheng Travel Holdings, Ltd.c,d  1,276,400 3,374,446
DPC Dash, Ltd.c  60,400 387,506
    3,761,952
Automobile Components: 3.2%
Zhejiang Shuanghuan Driveline Co., Ltd. A Shares  566,203 1,808,805
Minth Group, Ltd.  466,000 737,057
    2,545,862
Automobiles: 1.6%
Yadea Group Holdings, Ltd.b,d  792,000 1,285,075
Diversified Consumer Services: 0.4%
China Education Group Holdings, Ltd.d  650,000 348,337
Total Consumer Discretionary   18,263,455
Industrials: 19.4%
Machinery: 9.9%
Yangzijiang Shipbuilding Holdings, Ltd.  2,772,900 3,922,135
Morimatsu International Holdings Co., Ltd.c,d  3,452,000 2,121,184
Airtac International Group  58,191 2,017,437
    8,060,756
Construction & Engineering: 2.8%
Greentown Management Holdings Co., Ltd.b,d  2,750,000 2,265,905
Electrical Equipment: 2.2%
Hongfa Technology Co., Ltd. A Shares  531,157 1,782,413
Ground Transportation: 2.0%
Full Truck Alliance Co., Ltd. ADRc  221,330 1,609,069
Professional Services: 1.0%
Centre Testing International Group Co., Ltd. A Shares  488,700 852,844
Marine Transportation: 1.0%
SITC International Holdings Co., Ltd.  450,500 823,631
Transportation Infrastructure: 0.5%
Beijing Capital International Airport Co., Ltd. H Sharesc  1,312,000 397,897
Total Industrials   15,792,515
   
  Shares Value
Information Technology: 13.0%
Semiconductors & Semiconductor Equipment: 7.5%
ACM Research, Inc. Class Ac  92,939 $2,708,243
Alchip Technologies, Ltd.  26,000 2,572,866
AP Memory Technology Corp.  66,000 800,040
    6,081,149
Electronic Equipment, Instruments & Components: 5.5%
Elite Material Co., Ltd.  146,000 1,839,597
Lotes Co., Ltd.  40,000 1,730,670
Shenzhen Topband Co., Ltd. A Shares  748,900 940,599
    4,510,866
Total Information Technology   10,592,015
Health Care: 10.3%
Health Care Equipment & Supplies: 2.9%
AK Medical Holdings, Ltd.b,d  2,328,000 1,463,384
Kangji Medical Holdings, Ltd.  537,500 465,008
Peijia Medical, Ltd.b,c,d  925,000 433,002
    2,361,394
Biotechnology: 2.7%
Legend Biotech Corp. ADRc  29,089 1,631,602
Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd.c  27,700 549,868
    2,181,470
Health Care Technology: 1.7%
Medlive Technology Co., Ltd.b,d  1,456,500 1,406,988
Pharmaceuticals: 1.6%
HUTCHMED China, Ltd.c  380,000 1,300,961
Life Sciences Tools & Services: 1.4%
Genscript Biotech Corp.c  388,000 719,972
WuXi XDC Cayman, Inc.c  180,500 422,993
    1,142,965
Total Health Care   8,393,778
Consumer Staples: 9.4%
Beverages: 3.6%
Anhui Yingjia Distillery Co., Ltd. A Shares  182,000 1,635,975
Anhui Kouzi Distillery Co., Ltd. A Shares  234,300 1,304,679
    2,940,654
Personal Care Products: 3.2%
Giant Biogene Holding Co., Ltd.b,c,d  472,200 2,570,541
Food Products: 2.6%
Anjoy Foods Group Co., Ltd. A Shares  130,347 1,489,866
Chacha Food Co., Ltd. A Shares  133,600 650,076
    2,139,942
Total Consumer Staples   7,651,137
Communication Services: 7.9%
Interactive Media & Services: 4.1%
Kanzhun, Ltd. ADR  134,905 2,364,885
matthewsasia.com   |  800.789.ASIA    1
Matthews China Small Companies Fund March 31, 2024
Schedule of Investmentsa (unaudited) (continued)
COMMON EQUITIES (continued)  
  Shares Value
Zhihu, Inc. ADRc  1,425,722 $975,051
    3,339,936
Entertainment: 3.8%
Maoyan Entertainmentb,c,d  1,373,800 1,680,487
Cloud Music, Inc.b,c,d  119,850 1,415,648
    3,096,135
Total Communication Services   6,436,071
Real Estate: 5.3%
Real Estate Management & Development: 5.3%
China Overseas Property Holdings, Ltd.  4,290,000 2,377,789
KE Holdings, Inc. A Shares  415,600 1,902,170
Total Real Estate   4,279,959
Utilities: 3.4%
Gas Utilities: 3.4%
ENN Natural Gas Co., Ltd. A Shares  1,043,242 2,753,223
Total Utilities   2,753,223
Materials: 2.8%
Chemicals: 2.8%
Sunresin New Materials Co., Ltd. A Shares  189,800 1,167,724
Nanjing Cosmos Chemical Co., Ltd. A Shares  99,500 1,068,829
Total Materials   2,236,553
Energy: 2.5%
Energy Equipment & Services: 2.5%
Yantai Jereh Oilfield Services Group Co., Ltd. A Shares  487,400 1,998,611
Total Energy   1,998,611
   
  Shares Value
Financials: 2.3%
Financial Services: 2.3%
Chailease Holding Co., Ltd.  353,106 $1,892,106
Total Financials   1,892,106
Total Investments: 98.8%   80,289,423
(Cost $88,530,585)    
CASH AND OTHER ASSETS,
LESS LIABILITIES: 1.2% 		  977,854
Net Assets: 100.0%   $81,267,277
    
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 March 31, 2024, the aggregate value is $16,392,498, which is 20.17% of net assets.
c Non-income producing security.
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).
 
2    MATTHEWS ASIA FUNDS