0001752724-24-115611.txt : 20240523 0001752724-24-115611.hdr.sgml : 20240523 20240523150942 ACCESSION NUMBER: 0001752724-24-115611 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 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: 24977651 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 S000076757 Matthews China Active ETF C000236792 Matthews China Active ETF MCH NPORT-P 1 primary_doc.xml NPORT-P false 0000923184 XXXXXXXX S000076757 C000236792 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Matthews China Active ETF March 31, 2024
Schedule of Investmentsa (unaudited)
COMMON EQUITIES: 99.4%  
  Shares Value
Consumer Discretionary: 30.7%
Broadline Retail: 13.8%
Alibaba Group Holding, Ltd.  162,100 $1,455,005
JD.com, Inc. Class A  59,050 814,098
PDD Holdings, Inc. ADRb  5,678 660,067
    2,929,170
Hotels, Restaurants & Leisure: 11.2%
Meituan Class Bb,c,d  104,410 1,291,376
Galaxy Entertainment Group, Ltd.  74,000 371,586
Luckin Coffee, Inc. ADRb  10,205 249,410
Trip.com Group, Ltd. ADRb  5,630 247,101
Yum China Holdings, Inc.  5,430 216,060
    2,375,533
Household Durables: 3.1%
Man Wah Holdings, Ltd.  480,000 338,544
Midea Group Co., Ltd. A Shares  36,600 325,551
    664,095
Textiles, Apparel & Luxury Goods: 1.1%
ANTA Sports Products, Ltd.  22,000 233,873
Specialty Retail: 1.0%
China Tourism Group Duty Free Corp., Ltd. A Shares  18,200 216,032
Diversified Consumer Services: 0.5%
China Education Group Holdings, Ltd.d  185,000 99,042
Total Consumer Discretionary   6,517,745
Financials: 17.5%
Capital Markets: 7.0%
China International Capital Corp., Ltd. H Sharesc,d  483,600 573,416
CITIC Securities Co., Ltd. H Shares  200,500 330,475
Hong Kong Exchanges & Clearing, Ltd.  8,000 232,851
Hithink RoyalFlush Information Network Co., Ltd. A Shares  10,600 196,834
East Money Information Co., Ltd. A Shares  80,040 141,992
    1,475,568
Banks: 6.6%
China Merchants Bank Co., Ltd. H Shares  124,500 492,340
China Merchants Bank Co., Ltd. A Shares  109,600 485,776
China Construction Bank Corp. H Shares  698,000 420,952
    1,399,068
Insurance: 3.9%
Ping An Insurance Group Co. of China, Ltd. H Shares  148,500 627,095
PICC Property & Casualty Co., Ltd. H Shares  154,000 203,065
    830,160
Total Financials   3,704,796
Communication Services: 16.3%
Interactive Media & Services: 12.5%
Tencent Holdings, Ltd.  55,000 2,134,940
Kuaishou Technologyb,c,d  50,400 315,868
   
  Shares Value
Baidu, Inc. Class Ab  15,300 $200,769
    2,651,577
Entertainment: 2.0%
Tencent Music Entertainment Group ADRb  20,362 227,851
NetEase, Inc.  9,900 205,932
    433,783
Media: 1.8%
Focus Media Information Technology Co., Ltd. A Shares  415,011 371,546
Total Communication Services   3,456,906
Consumer Staples: 8.8%
Beverages: 6.0%
Wuliangye Yibin Co., Ltd. A Shares  32,000 674,784
Tsingtao Brewery Co., Ltd. H Shares  46,000 316,210
Shanxi Xinghuacun Fen Wine Factory Co., Ltd. A Shares  8,100 273,443
    1,264,437
Food Products: 1.9%
Guangdong Haid Group Co., Ltd. A Shares  35,200 208,716
Anjoy Foods Group Co., Ltd. A Shares  17,700 202,247
    410,963
Consumer Staples Distribution & Retail: 0.9%
JD Health International, Inc.b,c,d  54,600 193,245
Total Consumer Staples   1,868,645
Industrials: 7.0%
Electrical Equipment: 3.0%
Contemporary Amperex Technology Co., Ltd. A Shares  16,300 423,821
Sungrow Power Supply Co., Ltd. A Shares  14,800 210,369
    634,190
Ground Transportation: 1.6%
DiDi Global, Inc.b  87,360 334,589
Transportation Infrastructure: 1.2%
Shanghai International Airport Co., Ltd. A Sharesb  51,252 251,728
Air Freight & Logistics: 0.8%
JD Logistics, Inc.b,c,d  164,900 167,925
Machinery: 0.4%
Shenzhen Inovance Technology Co., Ltd. A Shares  11,800 97,889
Total Industrials   1,486,321
Information Technology: 5.5%
Electronic Equipment, Instruments & Components: 2.5%
Wingtech Technology Co., Ltd. A Sharesb  60,000 302,380
SUPCON Technology Co., Ltd. A Shares  36,470 232,873
    535,253
matthewsasia.com   |  800.789.ASIA    1
Matthews China Active ETF March 31, 2024
Schedule of Investmentsa (unaudited) (continued)
COMMON EQUITIES (continued)  
  Shares Value
Semiconductors & Semiconductor Equipment: 2.4%
Will Semiconductor Co., Ltd. Shanghai A Shares  16,100 $218,425
NAURA Technology Group Co., Ltd. A Shares  4,587 193,762
Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. A Shares  21,503 102,237
    514,424
Software: 0.6%
Shanghai Baosight Software Co., Ltd. A Shares  21,056 111,567
Total Information Technology   1,161,244
Health Care: 4.7%
Health Care Equipment & Supplies: 1.7%
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. A Shares  9,400 362,372
Health Care Providers & Services: 1.3%
Sinopharm Group Co., Ltd. H Shares  78,000 199,823
Aier Eye Hospital Group Co., Ltd. A Shares  51,300 90,865
    290,688
Biotechnology: 1.0%
Innovent Biologics, Inc.b,c,d  43,000 207,131
Life Sciences Tools & Services: 0.7%
Wuxi Biologics Cayman, Inc.b,c,d  80,500 147,084
Total Health Care   1,007,275
Real Estate: 4.6%
Real Estate Management & Development: 4.6%
KE Holdings, Inc. ADR  41,167 565,223
Longfor Group Holdings, Ltd.c,d  140,000 197,842
CIFI Holdings Group Co., Ltd.b,e  3,718,000 121,851
Times China Holdings, Ltd.b  1,790,000 52,146
Country Garden Services Holdings Co., Ltd.  62,000 39,688
Total Real Estate   976,750
Energy: 3.3%
Oil, Gas & Consumable Fuels: 3.3%
PetroChina Co., Ltd. H Shares  832,000 711,188
Total Energy   711,188
   
  Shares Value
Materials: 1.0%
Chemicals: 1.0%
Wanhua Chemical Group Co., Ltd. A Shares  19,300 $213,857
Total Materials   213,857
TOTAL COMMON EQUITIES 21,104,727
(Cost $26,947,652)    
SHORT-TERM INVESTMENTS: 1%  
Money Market Funds: 1%
JPMorgan U.S. Government Money Market Fund, Capital Shares, 5.20%f 205,732 205,732
(Cost $205,732)    
Total Investments: 100.4%   21,310,459
(Cost $27,153,384)    
LIABILITIES IN EXCESS OF CASH
AND OTHER ASSETS: (0.4%) 		  (82,144)
Net Assets: 100.0%   $21,228,315
    
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 March 31, 2024, the aggregate value is $3,093,887, which is 14.57% 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.
e 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 $121,851 and 0.57% of net assets.
f Rate shown is the current yield as of March 31, 2024.
ADR American Depositary Receipt
 
2    MATTHEWS ASIA FUNDS