0001752724-24-115613.txt : 20240523 0001752724-24-115613.hdr.sgml : 20240523 20240523150943 ACCESSION NUMBER: 0001752724-24-115613 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: 24977653 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 S000081864 Matthews India Active ETF C000245021 Matthews India Active ETF INDE NPORT-P 1 primary_doc.xml NPORT-P false 0000923184 XXXXXXXX S000081864 C000245021 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N N N ICICI Bank Ltd R7RX8ER1V4666J8D1I38 ICICI Bank Ltd 000000000 27084.00000000 NS 355036.57000000 5.301933832146 Long EC CORP IN N 1 N N N Godrej Consumer Products Ltd 335800P4GUWLGZFK2D63 Godrej Consumer Products Ltd 000000000 7776.00000000 NS 116711.09000000 1.742903489231 Long EC CORP IN N 1 N N N Thermax Ltd 33580013S142QYY9TR81 Thermax Ltd 000000000 3699.00000000 NS 185935.71000000 2.776668418842 Long EC CORP IN N 1 N N N Reliance Industries Ltd 5493003UOETFYRONLG31 Reliance Industries Ltd 000000000 13141.00000000 NS 468224.69000000 6.992227096372 Long EC CORP IN N 1 N N N PI Industries Ltd 335800PEGP94E4CC1D11 PI Industries Ltd 000000000 944.00000000 NS 43775.27000000 0.653717404447 Long EC CORP IN N 1 N N N APL Apollo Tubes Ltd 335800ZU4GXSB7Q4IU95 APL Apollo Tubes Ltd 000000000 3562.00000000 NS 63889.86000000 0.954098363064 Long EC CORP IN N 1 N N N Sun Pharmaceutical Industries 335800KJ7GE29LB4SS73 Sun Pharmaceutical Industries Ltd 000000000 5420.00000000 NS 105313.16000000 1.572692655222 Long EC CORP IN N 1 N N N SAMHI Hotels Ltd 33580049BXN7MTASU729 SAMHI Hotels Ltd 000000000 13178.00000000 NS 33402.23000000 0.498811751437 Long EC CORP IN N 1 N N N HCL Technologies Ltd 549300C1F8OLYSOQYB65 HCL Technologies Ltd 000000000 2536.00000000 NS 46934.36000000 0.700893632377 Long EC CORP IN N 1 N N N Coforge Ltd 3358004YL9JGBNP4KF72 Coforge Ltd 000000000 423.00000000 NS 27907.27000000 0.416752840350 Long EC CORP IN N 1 N N N Delhivery Ltd 335800CUQ1SBCH9TTH82 Delhivery Ltd 000000000 17196.00000000 NS 91863.89000000 1.371848162975 Long EC CORP IN N 1 N N N Shriram Finance Ltd 335800TM2YO24B76XL26 Shriram Finance Ltd 000000000 11801.00000000 NS 333955.46000000 4.987119360138 Long EC CORP IN N 1 N N N Lupin Ltd 335800HHXTESDEE2FC65 Lupin Ltd 000000000 5093.00000000 NS 98730.40000000 1.474389097498 Long EC CORP IN N 1 N N N Jio Financial Services Ltd 3358003O268Q1OGBQR42 Jio Financial Services Ltd 000000000 15711.00000000 NS 66637.89000000 0.995136032025 Long EC CORP IN N 1 N N N Nestle India Ltd 3358008SYYY9CPWH5D94 Nestle India Ltd 000000000 3418.00000000 NS 107469.11000000 1.604888505484 Long EC CORP IN N 1 N N N Poly Medicure Ltd 335800XM9YRKFWFVXO61 Poly Medicure Ltd 000000000 5806.00000000 NS 110630.92000000 1.652105352497 Long EC CORP IN N 1 N N N Cholamandalam Investment and F 3358008DNPV45O4EII52 Cholamandalam Investment and Finance Co Ltd 000000000 5827.00000000 NS 80807.03000000 1.206730693213 Long EC CORP IN N 1 N N N Varun Beverages Ltd 33580058NWEMWBDNMD48 Varun Beverages Ltd 000000000 5770.00000000 NS 96758.75000000 1.444945488801 Long EC CORP IN N 1 N N N Persistent Systems Ltd 3358006QYD77Z66S1J89 Persistent Systems Ltd 000000000 686.00000000 NS 32773.61000000 0.489424263141 Long EC CORP IN N 1 N N N Dr Reddy's Laboratories Ltd 335800OVDPY3DVZR2798 Dr Reddy's Laboratories Ltd 000000000 1293.00000000 NS 95466.74000000 1.425651274883 Long EC CORP IN N 1 N N N Neuland Laboratories Ltd 335800AVHZURTYQ17N08 Neuland Laboratories Ltd 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Forgings Lt 335800LEL76GE6551Q27 Sona Blw Precision Forgings Ltd 000000000 8200.00000000 NS 69407.87000000 1.036501491016 Long EC CORP IN N 1 N N N Shankara Building Products Ltd 2549002GQUNP5NQFPQ74 Shankara Building Products Ltd 000000000 3965.00000000 NS 30480.62000000 0.455181927886 Long EC CORP IN N 1 N N N Divi's Laboratories Ltd 335800C1DHFG1C9T1M03 Divi's Laboratories Ltd 000000000 758.00000000 NS 31312.46000000 0.467604199313 Long EC CORP IN N 1 N N N Titan Co Ltd 549300RO9VJWPK37FE54 Titan Co Ltd 000000000 2672.00000000 NS 121799.82000000 1.818895970089 Long EC CORP IN N 1 N N N Bharat Heavy Electricals Ltd 3358007X5FQ2R445Z747 Bharat Heavy Electricals Ltd 000000000 41976.00000000 NS 124464.67000000 1.858691471641 Long EC CORP IN N 1 N N N TVS Motor Co Ltd 335800URVL13UQEWM152 TVS Motor Co Ltd 000000000 4472.00000000 NS 115381.11000000 1.723042250829 Long EC CORP IN N 1 N N N 2024-05-23 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 678570MATT033124.htm
Matthews India Active ETF March 31, 2024
Schedule of Investments (unaudited)
COMMON EQUITIES: 95.8%  
  Shares Value
Financials: 31.3%
Banks: 20.4%
ICICI Bank, Ltd.  27,084 $355,037
HDFC Bank, Ltd.  20,377 353,753
IndusInd Bank, Ltd.  10,659 198,476
Axis Bank, Ltd.  12,918 162,198
Federal Bank, Ltd.  72,913 131,309
Kotak Mahindra Bank, Ltd.  4,789 102,524
State Bank of India  7,172 64,696
    1,367,993
Consumer Finance: 8.3%
Shriram Finance, Ltd.  11,801 333,955
Bajaj Finance, Ltd.  1,584 137,604
Cholamandalam Investment and Finance Co., Ltd.  5,827 80,807
    552,366
Financial Services: 1.5%
Jio Financial Services, Ltd.a  15,711 66,638
LIC Housing Finance, Ltd.  4,576 33,521
    100,159
Insurance: 1.1%
PB Fintech, Ltd.a  5,640 76,026
Total Financials   2,096,544
Consumer Discretionary: 14.4%
Automobiles: 5.4%
Bajaj Auto, Ltd.  1,232 135,134
TVS Motor Co., Ltd.  4,472 115,381
Maruti Suzuki India, Ltd.  746 112,705
    363,220
Hotels, Restaurants & Leisure: 4.0%
Zomato, Ltd.a  79,111 172,730
Restaurant Brands Asia, Ltd.a  48,288 58,622
SAMHI Hotels, Ltd.a  13,178 33,402
    264,754
Automobile Components: 2.0%
Sona Blw Precision Forgings, Ltd.b,c  8,200 69,408
Alicon Castalloy, Ltd.  6,725 66,429
    135,837
Textiles, Apparel & Luxury Goods: 1.8%
Titan Co., Ltd.  2,672 121,800
Specialty Retail: 1.2%
Trent, Ltd.  1,064 50,366
Shankara Building Products, Ltd.  3,965 30,481
    80,847
Total Consumer Discretionary   966,458
Industrials: 11.4%
Machinery: 5.1%
Thermax, Ltd.  3,699 185,936
Cummins India, Ltd.  4,238 152,759
    338,695
   
  Shares Value
Electrical Equipment: 1.9%
Bharat Heavy Electricals, Ltd.  41,976 $124,464
Construction & Engineering: 1.5%
Voltas, Ltd.  7,693 101,791
Air Freight & Logistics: 1.4%
Delhivery, Ltd.a  17,196 91,864
Professional Services: 0.5%
Latent View Analytics, Ltd.a  6,092 37,088
Transportation Infrastructure: 0.5%
Gujarat Pipavav Port, Ltd.  14,217 36,232
Building Products: 0.5%
Astral, Ltd.  1,365 32,589
Total Industrials   762,723
Information Technology: 10.7%
IT Services: 9.0%
Infosys, Ltd.  16,111 289,381
Tata Consultancy Services, Ltd.  4,443 206,498
HCL Technologies, Ltd.  2,536 46,934
Persistent Systems, Ltd.  686 32,774
Coforge, Ltd.  423 27,907
    603,494
Software: 1.1%
Newgen Software Technologies, Ltd.  7,494 71,451
Electronic Equipment, Instruments & Components: 0.6%
Kaynes Technology India, Ltd.a  1,231 42,389
Total Information Technology   717,334
Health Care: 9.7%
Pharmaceuticals: 6.3%
Neuland Laboratories, Ltd.  1,643 124,544
Sun Pharmaceutical Industries, Ltd.  5,420 105,313
Lupin, Ltd.  5,093 98,730
Dr. Reddy’s Laboratories, Ltd.  1,293 95,467
    424,054
Health Care Equipment & Supplies: 1.7%
Poly Medicure, Ltd.  5,806 110,631
Health Care Providers & Services: 1.2%
Metropolis Healthcare, Ltd.b,c  3,825 79,048
Life Sciences Tools & Services: 0.5%
Divi’s Laboratories, Ltd.  758 31,312
Total Health Care   645,045
Consumer Staples: 7.1%
Personal Care Products: 3.0%
Godrej Consumer Products, Ltd.  7,776 116,711
Honasa Consumer, Ltd.a  17,275 83,348
    200,059
matthewsasia.com   |  800.789.ASIA    1
Matthews India Active ETF March 31, 2024
Schedule of Investments (unaudited) (continued)
COMMON EQUITIES (continued)  
  Shares Value
Food Products: 2.6%
Nestle India, Ltd.  3,418 $107,469
Tata Consumer Products, Ltd.  5,259 69,122
    176,591
Beverages: 1.5%
Varun Beverages, Ltd.  5,770 96,759
Total Consumer Staples   473,409
Energy: 7.0%
Oil, Gas & Consumable Fuels: 7.0%
Reliance Industries, Ltd.  13,141 468,225
Total Energy   468,225
Materials: 1.6%
Metals & Mining: 1.0%
APL Apollo Tubes, Ltd.  3,562 63,890
Chemicals: 0.6%
PI Industries, Ltd.  944 43,775
Total Materials   107,665
Communication Services: 1.4%
Wireless Telecommunication Services: 1.4%
Bharti Airtel, Ltd.  6,500 95,751
Total Communication Services   95,751
Real Estate: 1.2%
Real Estate Management & Development: 1.2%
Sunteck Realty, Ltd.  8,734 40,789
Ashiana Housing, Ltd.  11,771 38,664
Total Real Estate   79,453
TOTAL COMMON EQUITIES 6,412,607
(Cost $5,722,702)    
SHORT-TERM INVESTMENTS: 6.4%  
  Shares Value
Money Market Funds: 6.4%
JPMorgan U.S. Government Money Market Fund, Capital Shares, 5.20%d 429,399 $429,399
(Cost $429,399)    
Total Investments: 102.2%   6,842,006
(Cost $6,152,101)    
LIABILITIES IN EXCESS OF CASH
AND OTHER ASSETS: (2.2%) 		  (145,646)
Net Assets: 100.0%   $6,696,360
    
a Non-income producing security.
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 $148,456, which is 2.22% of net assets.
c The securities may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.
d Rate shown is the current yield as of March 31, 2024.
 
2    MATTHEWS ASIA FUNDS