0001752724-24-115615.txt : 20240523 0001752724-24-115615.hdr.sgml : 20240523 20240523150944 ACCESSION NUMBER: 0001752724-24-115615 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: 24977655 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 S000001035 MATTHEWS ASIA GROWTH FUND C000002793 Investor Class Shares MPACX C000093227 Institutional Class Shares MIAPX NPORT-P 1 primary_doc.xml NPORT-P false 0000923184 XXXXXXXX S000001035 C000093227 C000002793 Matthews International Funds 811-08510 0000923184 5493007IYPQKGSDVTS49 Four Embarcadero Center Suite 550 San Francisco 94111 415-788-7553 Matthews Asia Growth Fund S000001035 549300EWEDKKPE9XFU02 2024-12-31 2024-03-28 N 367944699.98 4995748.41 362948951.57 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 565446.01000000 N Jollibee Foods Corp 2138009XN3KTAAKUPR35 Jollibee Foods Corp 000000000 530980.00000000 NS 2387045.84000000 0.657680874865 Long EC CORP PH N 2 N N N Tencent Holdings Ltd 254900N4SLUMW4XUYY11 Tencent Holdings Ltd 000000000 145100.00000000 NS 5651636.84000000 1.557143729318 Long EC CORP CN N 2 N N N Samsung Electronics Co Ltd 9884007ER46L6N7EI764 Samsung Electronics Co Ltd 000000000 166103.00000000 NS 9982377.12000000 2.750352928922 Long EC CORP KR N 2 N N N Hyundai Motor Co 9884004RQX8PRBXQ8S60 Hyundai Motor Co 000000000 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N N N Recruit Holdings Co Ltd 353800R2LRSMVVC4I806 Recruit Holdings Co Ltd 000000000 89700.00000000 NS 3938440.67000000 1.085122481540 Long EC CORP JP N 2 N N N Meituan 21380033K525E5JLIA77 Meituan 000000000 445500.00000000 NS 5499294.09000000 1.515170126876 Long EC CORP CN N 2 N N N Hitachi Ltd 549300T6IPOCDWLKC615 Hitachi Ltd 000000000 157900.00000000 NS 14428972.95000000 3.975482746977 Long EC CORP JP N 2 N N N ORIX Corp 35380016EMHNBOVYE123 ORIX Corp 000000000 259200.00000000 NS 5669157.81000000 1.561971121689 Long EC CORP JP N 2 N N N Legend Biotech Corp 254900EIUFZTW136H859 Legend Biotech Corp 52490G102 69194.00000000 NS USD 3881091.46000000 1.069321579029 Long EC CORP US N 1 N N N Lupin Ltd 335800HHXTESDEE2FC65 Lupin Ltd 000000000 123220.00000000 NS 2391868.57000000 0.659009637485 Long EC CORP IN N 2 N N N Disco Corp N/A Disco Corp 000000000 21100.00000000 NS 7712756.65000000 2.125025190632 Long EC CORP JP N 2 N N N Fast Retailing Co Ltd 353800ZCXKHDPY0N5218 Fast Retailing Co 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Long EC CORP JP N 2 N N N ICICI Bank Ltd R7RX8ER1V4666J8D1I38 ICICI Bank Ltd 000000000 600509.00000000 NS 7916907.87000000 2.181273106246 Long EC CORP IN N 2 N N N Wiwynn Corp 254900FV2R15PMKXFL69 Wiwynn Corp 000000000 51000.00000000 NS 3492291.73000000 0.962199150842 Long EC CORP TW N 2 N N N KB Financial Group Inc 529900TKE4MXG3Q6GW86 KB Financial Group Inc 000000000 145745.00000000 NS 7616272.06000000 2.098441675352 Long EC CORP KR N 2 N N N Bank Mandiri Persero Tbk PT 549300RSKQN4Z5ZSGH94 Bank Mandiri Persero Tbk PT 000000000 13926800.00000000 NS 6336597.00000000 1.745864527942 Long EC CORP ID N 2 N N N PDD Holdings Inc 5493000573DS7005T657 PDD Holdings Inc 722304102 42501.00000000 NS USD 4940741.25000000 1.361277179236 Long EC CORP IE N 1 N N N Innovent Biologics Inc 25490058ONL9SCIE1R22 Innovent Biologics Inc 000000000 921500.00000000 NS 4446242.62000000 1.225032501338 Long EC CORP CN N 2 N N N Unimicron Technology Corp N/A Unimicron Technology Corp 000000000 555000.00000000 NS 3299579.22000000 0.909102838216 Long EC CORP TW N 2 N N N Tata Motors Ltd 335800BO2LHWJJ8TZI32 Tata Motors Ltd 000000000 620442.00000000 NS 7407089.33000000 2.040807473877 Long EC CORP IN N 2 N N N Trip.com Group Ltd 2549004RMYDSRQL4KW41 Trip.com Group Ltd 89677Q107 115436.00000000 NS USD 5066486.04000000 1.395922489398 Long EC CORP CN N 1 N N N Axis Bank Ltd 549300HVNWMJPOFVNI41 Axis Bank Ltd 000000000 556009.00000000 NS 7007602.41000000 1.930740502124 Long EC CORP IN N 2 N N N Reliance Industries Ltd 5493003UOETFYRONLG31 Reliance Industries Ltd 000000000 199400.00000000 NS 7130182.85000000 1.964513967916 Long EC CORP IN N 2 N N N TSMC 549300KB6NK5SBD14S87 Taiwan Semiconductor Manufacturing Co Ltd 874039100 39150.00000000 NS USD 5326357.50000000 1.467522492339 Long EC CORP TW N 1 N N N Denso Corp 549300RYPA10CQM3QK38 Denso Corp 000000000 102400.00000000 NS 1961131.38000000 0.540332565094 Long EC CORP JP N 2 N N N Makalot Industrial Co Ltd N/A Makalot Industrial Co Ltd 000000000 345000.00000000 NS 3940017.03000000 1.085556801571 Long EC CORP TW N 2 N N N Delhivery Ltd 335800CUQ1SBCH9TTH82 Delhivery Ltd 000000000 408485.00000000 NS 2193935.76000000 0.604475023418 Long EC CORP IN N 2 N N N DiDi Global Inc 8368006Y2DHY77ADSY31 DiDi Global Inc 23292E108 673368.00000000 NS USD 2578999.44000000 0.710568091971 Long EC CORP CN N 1 N N N INOVANCE N/A Shenzhen Inovance Technology Co Ltd 000000000 415300.00000000 NS 3445660.72000000 0.949351335799 Long EC CORP CN N 2 N N N SK Hynix Inc 988400XAIK6XISWQV045 SK Hynix Inc 000000000 50274.00000000 NS 6660067.37000000 1.834987355987 Long EC CORP KR N 2 N N N Sea Ltd 529900OM6JLLW44YKI15 Sea Ltd 81141R100 100221.00000000 NS USD 5382869.91000000 1.483092839010 Long EC CORP SG N 1 N N N Tokyo Electron Ltd 549300H5LSF8DP3RIJ34 Tokyo Electron Ltd 000000000 41500.00000000 NS 10808640.76000000 2.978005781045 Long EC CORP JP N 2 N N N Zomato Ltd 335800T4VOF9ETHF8W59 Zomato Ltd 000000000 5151150.00000000 NS 11290925.77000000 3.110885352102 Long EC CORP IN N 2 N N N NVIDIA Corp 549300S4KLFTLO7GSQ80 NVIDIA Corp 67066G104 10049.00000000 NS USD 9079874.44000000 2.501694632460 Long EC CORP US N 1 N N N ITOCHU Corp J48DJYXDTLHM30UMYI18 ITOCHU Corp 000000000 80000.00000000 NS 3436767.97000000 0.946901197849 Long EC CORP JP N 2 N N N ASML Holding NV 724500Y6DUVHQD6OXN27 ASML Holding NV 000000000 7378.00000000 NS USD 7160127.66000000 1.972764387120 Long EC CORP NL N 1 N N N Keyence Corp 529900M7PQBS7A89DZ11 Keyence Corp 000000000 33600.00000000 NS 15599166.84000000 4.297895550468 Long EC CORP JP N 2 N N N TSMC 549300KB6NK5SBD14S87 Taiwan Semiconductor Manufacturing Co Ltd 000000000 760000.00000000 NS 18206722.65000000 5.016331517488 Long EC CORP TW N 2 N N N Mahindra & Mahindra Ltd 3358003B573EV4KB4Z02 Mahindra & Mahindra Ltd 000000000 187276.00000000 NS 4326329.79000000 1.191994017694 Long EC CORP IN N 2 N N N Cummins India Ltd 3358002PR6NKJRU4YS77 Cummins India Ltd 000000000 55148.00000000 NS 1990873.86000000 0.548527238166 Long EC CORP IN N 2 N N N Godrej Consumer Products Ltd 335800P4GUWLGZFK2D63 Godrej Consumer Products Ltd 000000000 253080.00000000 NS 3810512.13000000 1.049875502744 Long EC CORP IN N 2 N N N Shin-Etsu Chemical Co Ltd 353800PX8Q64N86H5W41 Shin-Etsu Chemical Co Ltd 000000000 327700.00000000 NS 14373561.16000000 3.960215644052 Long EC CORP JP N 2 N N N Daiichi Sankyo Co Ltd 353800XGIU2IHQGC9504 Daiichi Sankyo Co Ltd 000000000 183200.00000000 NS 5829222.75000000 1.606072348407 Long EC CORP JP N 2 N N N Bank Rakyat Indonesia Persero 254900HB6S4B12GBNP64 Bank Rakyat Indonesia Persero Tbk PT 000000000 25486600.00000000 NS 9745437.61000000 2.685071156107 Long EC CORP ID N 2 N N N MediaTek Inc 254900UEGBK1I4DM4E14 MediaTek Inc 000000000 50000.00000000 NS 1811715.32000000 0.499165326738 Long EC CORP TW N 2 N N N 2024-05-23 Matthews International Funds Shai Malka Shai Malka Treasurer XXXX NPORT-EX 2 MIMA700MATT033124.htm
Matthews Asia Growth Fund March 31, 2024
Schedule of Investmentsa (unaudited)
COMMON EQUITIES: 99.0%  
  Shares Value 
Japan: 35.8%
Keyence Corp.  33,600 $15,599,167
Hitachi, Ltd.  157,900 14,428,973
Shin-Etsu Chemical Co., Ltd.  327,700 14,373,561
Tokyo Electron, Ltd.  41,500 10,808,641
Sumitomo Mitsui Financial Group, Inc.  146,200 8,548,709
Fast Retailing Co., Ltd.  26,500 8,210,392
SoftBank Group Corp.  137,900 8,189,245
Disco Corp.  21,100 7,712,757
Renesas Electronics Corp.  424,800 7,570,216
Japan Elevator Service Holdings Co., Ltd.  418,700 6,836,793
Toyota Motor Corp.  252,600 6,384,457
Daiichi Sankyo Co., Ltd.  183,200 5,829,223
ORIX Corp.  259,200 5,669,158
Recruit Holdings Co., Ltd.  89,700 3,938,441
ITOCHU Corp.  80,000 3,436,768
Denso Corp.  102,400 1,961,131
Total Japan   129,497,632
India: 17.3%
Zomato, Ltd.b  5,151,150 11,290,926
ICICI Bank, Ltd.  600,509 7,916,908
Tata Motors, Ltd.  620,442 7,407,089
Reliance Industries, Ltd.  199,400 7,130,183
Axis Bank, Ltd.  556,009 7,007,602
Bajaj Finance, Ltd.  80,231 7,005,676
Mahindra & Mahindra, Ltd.  187,276 4,326,330
Godrej Consumer Products, Ltd.  253,080 3,810,512
Lupin, Ltd.  123,220 2,391,869
Delhivery, Ltd.b  408,485 2,193,936
Cummins India, Ltd.  55,148 1,990,874
Total India   62,471,905
China/Hong Kong: 11.8%
Tencent Holdings, Ltd.  145,100 5,651,637
Meituan Class Bb,c,d  445,500 5,499,294
Trip.com Group, Ltd. ADRb  115,436 5,066,486
PDD Holdings, Inc. ADRb  42,501 4,940,741
Innovent Biologics, Inc.b,c,d  921,500 4,446,243
Alibaba Group Holding, Ltd.  489,400 4,425,563
Legend Biotech Corp. ADRb  69,194 3,881,092
Shenzhen Inovance Technology Co., Ltd. A Shares  415,300 3,445,661
Contemporary Amperex Technology Co., Ltd. A Shares  104,600 2,721,655
DiDi Global, Inc.b  673,368 2,578,999
Total China/Hong Kong   42,657,371
Taiwan: 11.5%
Taiwan Semiconductor Manufacturing Co., Ltd.  760,000 18,206,723
Alchip Technologies, Ltd.  54,000 5,343,645
Taiwan Semiconductor Manufacturing Co., Ltd. ADR  39,150 5,326,358
Makalot Industrial Co., Ltd.  345,000 3,940,017
Wiwynn Corp.  51,000 3,492,292
Unimicron Technology Corp.  555,000 3,299,579
MediaTek, Inc.  50,000 1,811,715
Total Taiwan   41,420,329
   
  Shares Value 
South Korea: 8.9%
Samsung Electronics Co., Ltd.  166,103 $9,982,377
Hyundai Motor Co.  44,881 7,897,641
KB Financial Group, Inc.  145,745 7,616,272
SK Hynix, Inc.  50,274 6,660,067
Total South Korea   32,156,357
Indonesia: 4.4%
PT Bank Rakyat Indonesia Persero Tbk  25,486,600 9,745,437
PT Bank Mandiri Persero Tbk  13,926,800 6,336,597
Total Indonesia   16,082,034
United States: 2.5%
NVIDIA Corp.  10,049 9,079,874
Total United States   9,079,874
Netherlands: 2.0%
ASML Holding NV  7,378 7,160,128
Total Netherlands   7,160,128
Philippines: 1.7%
Bank of the Philippine Islands  1,861,840 3,911,470
Jollibee Foods Corp.  530,980 2,387,046
Total Philippines   6,298,516
Singapore: 1.5%
Sea, Ltd. ADRb  100,221 5,382,870
Total Singapore   5,382,870
Australia: 1.1%
CSL, Ltd.  21,447 4,024,048
Total Australia   4,024,048
Vietnam: 0.5%
Military Commercial Joint Stock Bank  1,812,700 1,864,214
Total Vietnam   1,864,214
Total Investments: 99.0%   358,095,278
(Cost $298,049,127)    
CASH AND OTHER ASSETS,
LESS LIABILITIES: 1.0% 		  3,711,130
Net Assets: 100.0%   $361,806,408
    
matthewsasia.com   |  800.789.ASIA    1
Matthews Asia Growth Fund March 31, 2024
Schedule of Investmentsa (unaudited) (continued)
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 $9,945,537, which is 2.75% 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.
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