NPORT-EX 2 678547MATT033124.htm
Matthews Pacific Tiger Active ETF March 31, 2024
Schedule of Investmentsa (unaudited)
COMMON EQUITIES: 95.5%  
  Shares Value 
China/Hong Kong: 31.3%
Tencent Holdings, Ltd.  79,400 $3,082,077
Meituan Class Bb,c,d  178,700 2,210,218
China Resources Beer Holdings Co., Ltd.  378,000 1,741,134
PetroChina Co., Ltd. H Shares  1,634,000 1,396,733
Contemporary Amperex Technology Co., Ltd. A Shares  49,500 1,287,065
China Merchants Bank Co., Ltd. A Shares  276,400 1,225,077
AIA Group, Ltd.  176,400 1,184,422
Alibaba Group Holding, Ltd. ADR  13,842 1,001,607
Ping An Insurance Group Co. of China, Ltd. H Shares  217,000 916,361
Trip.com Group, Ltd.c  20,202 891,046
Wanhua Chemical Group Co., Ltd. A Shares  77,700 860,967
Midea Group Co., Ltd. A Shares  95,100 845,898
KE Holdings, Inc. ADR  60,477 830,349
Sungrow Power Supply Co., Ltd. A Shares  58,300 828,682
Wuliangye Yibin Co., Ltd. A Shares  39,000 822,393
Shenzhen Inovance Technology Co., Ltd. A Shares  95,300 790,579
ANTA Sports Products, Ltd.  70,200 746,269
China International Capital Corp., Ltd. H Sharesb,d  596,400 707,165
Innovent Biologics, Inc.b,c,d  134,000 645,478
JD.com, Inc. ADR  23,069 631,860
Airtac International Group  18,000 624,307
SUPCON Technology Co., Ltd. A Shares  94,611 604,122
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. A Shares  14,400 555,123
Tencent Music Entertainment Group ADRc  44,846 501,827
Zhongji Innolight Co., Ltd. A Shares  20,800 443,165
New Oriental Education & Technology Group, Inc. ADRc  4,705 408,488
China Mengniu Dairy Co., Ltd.  22,000 47,224
Total China/Hong Kong   25,829,636
India: 20.2%
ICICI Bank, Ltd. ADR  88,972 2,349,750
Cummins India, Ltd.  44,204 1,593,337
Zomato, Ltd.c  657,370 1,435,294
Shriram Finance, Ltd.  49,098 1,389,420
Titan Co., Ltd.  29,636 1,350,920
Tata Motors, Ltd.  112,922 1,344,192
Indian Hotels Co., Ltd.  171,595 1,216,251
Mahindra & Mahindra, Ltd.  51,772 1,192,676
Tata Consultancy Services, Ltd.  21,055 978,574
DLF, Ltd.  82,054 882,497
Tata Consumer Products, Ltd.  61,714 811,137
Lupin, Ltd.  41,044 795,659
Power Grid Corp. of India, Ltd.  205,668 682,827
HDFC Bank, Ltd. ADR  11,170 625,185
Total India   16,647,719
Taiwan: 19.1%
Taiwan Semiconductor Manufacturing Co., Ltd. ADR  59,105 8,041,235
MediaTek, Inc.  25,000 906,151
Uni-President Enterprises Corp.  342,000 816,436
Wistron Corp.  214,000 805,756
Eclat Textile Co., Ltd.  43,000 734,951
   
  Shares Value 
Lite-On Technology Corp.  221,000 $731,982
ASE Technology Holding Co., Ltd.  149,000 721,640
Accton Technology Corp.  49,000 702,001
Alchip Technologies, Ltd.  7,000 692,268
E Ink Holdings, Inc.  78,000 553,252
ASPEED Technology, Inc.  3,000 312,153
Faraday Technology Corp.  23,733 248,057
Unimicron Technology Corp.  41,000 243,411
M31 Technology Corp.  6,000 240,911
Total Taiwan   15,750,204
South Korea: 15.8%
Samsung Electronics Co., Ltd.  64,119 3,848,331
Hyundai Motor Co.  11,038 1,943,180
SK Hynix, Inc.  14,428 1,909,801
HD Hyundai Electric Co., Ltd.  7,830 1,039,347
Samsung SDI Co., Ltd.  2,732 969,010
KB Financial Group, Inc.  18,192 949,970
Samsung Fire & Marine Insurance Co., Ltd.  3,626 832,263
LG Chem, Ltd.  1,998 653,014
Samsung Biologics Co., Ltd.b,c,d  845 522,849
Samsung C&T Corp.  3,525 419,203
Total South Korea   13,086,968
Indonesia: 2.7%
PT Bank Central Asia Tbk  1,842,000 1,170,492
PT Bank Mandiri Persero Tbk  2,419,000 1,106,134
Total Indonesia   2,276,626
Vietnam: 2.6%
FPT Corp.  283,900 1,340,782
Vietnam Dairy Products JSC  283,600 774,339
Total Vietnam   2,115,121
Thailand: 2.2%
Bangkok Dusit Medical Services Public Co., Ltd. F Shares  1,328,600 1,028,652
CP ALL Public Co., Ltd.  517,400 772,821
Total Thailand   1,801,473
Philippines: 1.0%
SM Investments Corp.  49,970 864,019
Total Philippines   864,019
Singapore: 0.6%
Sembcorp Industries, Ltd.  125,900 503,749
Total Singapore   503,749
TOTAL COMMON EQUITIES 78,875,515
(Cost $72,292,001)    
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Matthews Pacific Tiger Active ETF March 31, 2024
Schedule of Investmentsa (unaudited) (continued)
SHORT-TERM INVESTMENTS: 4.4%  
  Shares Value 
Money Market Funds: 4.4%
JPMorgan U.S. Government Money Market Fund, Capital Shares, 5.20%e 3,576,432 $3,576,432
(Cost $3,576,432)    
Total Investments: 99.9%   82,451,947
(Cost $75,868,433)    
CASH AND OTHER ASSETS,
LESS LIABILITIES: 0.1% 		  123,024
Net Assets: 100.0%   $82,574,971
    
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 $4,085,710, which is 4.95% 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.
e Rate shown is the current yield as of March 31, 2024.
ADR American Depositary Receipt
JSC Joint Stock Co.
 
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