0001752724-24-115612.txt : 20240523 0001752724-24-115612.hdr.sgml : 20240523 20240523150942 ACCESSION NUMBER: 0001752724-24-115612 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: 24977652 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 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300300TIQA4R0NPLQE78 Hithink RoyalFlush Information Network Co Ltd 000000000 219700.00000000 NS 4082901.62000000 0.945428034071 Long EC CORP CN N 2 N N N CATL 300300KINDY1K0E9I032 Contemporary Amperex Technology Co Ltd 000000000 313960.00000000 NS 8169128.87000000 1.891626143967 Long EC CORP CN N 2 N N N Longfor Group Holdings Ltd 254900UJX27B2F1JYR13 Longfor Group Holdings Ltd 000000000 2888000.00000000 NS 4096353.24000000 0.948542862650 Long EC CORP CN N 2 N N N JD Logistics Inc 655600LWTFVMV3E2A890 JD Logistics Inc 000000000 3117900.00000000 NS 3184874.16000000 0.737482701298 Long EC CORP CN N 2 N N N 2024-05-23 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA400MATT033124.htm
Matthews China Fund March 31, 2024
Schedule of Investmentsa (unaudited)
COMMON EQUITIES: 99.8%  
  Shares Value
Consumer Discretionary: 31.0%
Broadline Retail: 14.3%
Alibaba Group Holding, Ltd.  3,265,500 $29,529,375
JD.com, Inc. Class A  1,201,463 16,480,329
PDD Holdings, Inc. ADRb  132,718 15,428,468
    61,438,172
Hotels, Restaurants & Leisure: 11.0%
Meituan Class Bb,c,d  2,091,180 25,813,724
Galaxy Entertainment Group, Ltd.  1,499,000 7,535,579
Luckin Coffee, Inc. ADRb  207,953 5,082,371
Trip.com Group, Ltd. ADRb  106,879 4,690,919
Yum China Holdings, Inc.  112,327 4,469,491
    47,592,084
Household Durables: 3.3%
Man Wah Holdings, Ltd.  11,577,200 8,181,768
Midea Group Co., Ltd. A Shares  691,552 6,152,695
    14,334,463
Textiles, Apparel & Luxury Goods: 1.1%
ANTA Sports Products, Ltd.  446,400 4,759,880
Specialty Retail: 1.0%
China Tourism Group Duty Free Corp., Ltd. A Shares  371,290 4,413,712
Diversified Consumer Services: 0.3%
China Education Group Holdings, Ltd.d  2,346,000 1,257,227
Total Consumer Discretionary   133,795,538
Financials: 17.1%
Capital Markets: 6.7%
China International Capital Corp., Ltd. H Sharesc,d  9,897,200 11,750,251
CITIC Securities Co., Ltd. H Shares  4,198,425 6,934,989
Hithink RoyalFlush Information Network Co., Ltd. A Shares  219,700 4,082,901
Hong Kong Exchanges & Clearing, Ltd.  138,400 4,032,737
East Money Information Co., Ltd. A Shares  1,187,220 2,108,174
    28,909,052
Banks: 6.6%
China Merchants Bank Co., Ltd. H Shares  2,575,000 10,206,057
China Merchants Bank Co., Ltd. A Shares  2,262,023 10,041,196
China Construction Bank Corp. H Shares  13,823,000 8,341,813
    28,589,066
Insurance: 3.8%
Ping An Insurance Group Co. of China, Ltd. H Shares  2,836,000 12,040,752
PICC Property & Casualty Co., Ltd. H Shares  3,092,000 4,080,649
    16,121,401
Total Financials   73,619,519
Communication Services: 16.3%
Interactive Media & Services: 12.7%
Tencent Holdings, Ltd.  1,130,600 44,036,806
Kuaishou Technologyb,c,d  985,100 6,200,812
   
  Shares Value
Baidu, Inc. Class Ab  332,700 $4,379,870
    54,617,488
Entertainment: 2.0%
Tencent Music Entertainment Group ADRb  417,192 4,668,378
NetEase, Inc.  201,400 4,173,339
    8,841,717
Media: 1.6%
Focus Media Information Technology Co., Ltd. A Shares  7,483,657 6,702,780
Total Communication Services   70,161,985
Consumer Staples: 8.9%
Beverages: 6.0%
Wuliangye Yibin Co., Ltd. A Shares  617,129 13,024,078
Shanxi Xinghuacun Fen Wine Factory Co., Ltd. A Shares  191,722 6,481,565
Tsingtao Brewery Co., Ltd. H Shares  930,000 6,400,433
    25,906,076
Food Products: 1.9%
Guangdong Haid Group Co., Ltd. A Shares  715,900 4,245,035
Anjoy Foods Group Co., Ltd. A Shares  365,100 4,173,094
    8,418,129
Consumer Staples Distribution & Retail: 1.0%
JD Health International, Inc.b,c,d  1,162,100 4,129,800
Total Consumer Staples   38,454,005
Industrials: 7.2%
Electrical Equipment: 2.9%
Contemporary Amperex Technology Co., Ltd. A Shares  313,960 8,169,129
Sungrow Power Supply Co., Ltd. A Shares  297,974 4,237,500
    12,406,629
Ground Transportation: 1.9%
DiDi Global, Inc.b  2,171,949 8,318,565
Transportation Infrastructure: 1.2%
Shanghai International Airport Co., Ltd. A Sharesb  1,025,691 5,038,247
Air Freight & Logistics: 0.7%
JD Logistics, Inc.b,c,d  3,117,900 3,184,874
Machinery: 0.5%
Shenzhen Inovance Technology Co., Ltd. A Shares  243,007 2,016,180
Total Industrials   30,964,495
Information Technology: 5.4%
Electronic Equipment, Instruments & Components: 2.8%
Wingtech Technology Co., Ltd. A Sharesb  1,471,617 7,420,653
SUPCON Technology Co., Ltd. A Shares  712,660 4,551,914
    11,972,567
matthewsasia.com   |  800.789.ASIA    1
Matthews China Fund March 31, 2024
Schedule of Investmentsa (unaudited) (continued)
COMMON EQUITIES (continued)  
  Shares Value
Semiconductors & Semiconductor Equipment: 2.1%
Will Semiconductor Co., Ltd. Shanghai A Shares  328,700 $4,463,010
NAURA Technology Group Co., Ltd. A Shares  68,313 2,885,026
Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. A Shares  389,858 1,853,852
    9,201,888
Software: 0.5%
Shanghai Baosight Software Co., Ltd. A Shares  434,334 2,302,541
Total Information Technology   23,476,996
Real Estate: 5.0%
Real Estate Management & Development: 5.0%
KE Holdings, Inc. ADR  881,109 12,097,627
Longfor Group Holdings, Ltd.c,d  2,888,000 4,096,353
CIFI Holdings Group Co., Ltd.b,e  104,961,520 3,439,757
Times China Holdings, Ltd.b  42,755,000 1,248,525
Country Garden Services Holdings Co., Ltd.  1,270,000 815,083
Total Real Estate   21,697,345
Health Care: 4.9%
Health Care Equipment & Supplies: 1.7%
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. A Shares  193,614 7,466,786
Health Care Providers & Services: 1.5%
Sinopharm Group Co., Ltd. H Shares  1,606,800 4,120,305
Aier Eye Hospital Group Co., Ltd. A Shares  1,201,706 2,129,534
    6,249,839
Biotechnology: 1.0%
Innovent Biologics, Inc.b,c,d  879,500 4,243,592
Life Sciences Tools & Services: 0.7%
Wuxi Biologics Cayman, Inc.b,c,d  1,715,000 3,137,355
Total Health Care   21,097,572
   
  Shares Value
Energy: 2.9%
Oil, Gas & Consumable Fuels: 2.9%
PetroChina Co., Ltd. H Shares  14,698,000 $12,605,335
Total Energy   12,605,335
Materials: 1.1%
Chemicals: 1.1%
Wanhua Chemical Group Co., Ltd. A Shares  410,211 4,549,551
Total Materials   4,549,551
Total Investments: 99.8%   430,422,341
(Cost $611,265,744)    
CASH AND OTHER ASSETS,
LESS LIABILITIES: 0.2% 		  1,051,437
Net Assets: 100.0%   $431,473,778
    
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 $62,556,761, which is 14.50% 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 $3,439,757 and 0.80% of net assets.
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