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Matthews China Dividend Fund

Top 10 Holdings as of 9/30/2016

Security Sector % Net Assets
Tencent Holdings, Ltd. Information Technology 5.0
China Construction Bank Corp. Financials 4.4
China Mobile, Ltd. Telecom Services 3.0
AIA Group, Ltd. Financials 3.0
Qingdao Port International Co., Ltd. Industrials 3.0
PICC Property & Casualty Co., Ltd. Financials 3.0
Minth Group, Ltd. Consumer Discretionary 2.9
HKBN, Ltd. Telecom Services 2.8
CITIC Telecom International Holdings, Ltd. Telecom Services 2.8
Lee & Man Paper Manufacturing, Ltd. Materials 2.6
Total 32.5
Top 10 holdings may combine more than one security from the same issuer and related depositary receipts.
Source: BNY Mellon Investment Servicing (US) Inc.

Portfolio Breakdown (%) as of 9/30/2016

Sector AllocationMarket Cap
Asset Type
China Exposure
  Fund MSCI China IndexDifference
Consumer Discretionary 20.1 8.2 11.9
Industrials 15.9 5.4 10.5
Information Technology 14.3 33.7 -19.4
Financials 13.7 26.0 -12.3
Telecom Services 8.6 8.2 0.4
Consumer Staples 7.1 2.3 4.8
Materials 4.7 1.2 3.5
Real Estate 4.1 3.9 0.2
Health Care 3.1 2.1 1.0
Utilities 1.8 2.9 -1.1
Energy 1.3 6.1 -4.8
Cash and Other Assets, Less Liabilities 5.4 0.0 5.4
Source: FactSet Research Systems.

Portfolio Characteristics as of 9/30/2016

Number of Securities1


Weighted Average
Market Cap

$41.4 billion

P/E using FY1 estimates


P/E using FY2 estimates

1Source: BNY Mellon Investment Servicing (US) Inc.
Source: FactSet Research Systems unless otherwise noted. Sector data (excluding Government Bonds) based on MSCI’s revised Global Industry Classification Standards. For more details, visit

Percentage values in data are rounded to the nearest tenth of one percent; the values may not sum to 100% due to marginal rounding errors. The P/E figures represent the Weighted Harmonic Average P/E—which measures the price/earnings ratio of the Fund’s entire portfolio, excluding negative earners—weighted by the size of the company’s position within the portfolio. P/E estimates are forward looking. There is no guarantee that portfolio composition will remain unchanged or P/E estimates will be realized.

Index Definitions

The information contained in this document does not, in any way, constitute investment advice. It should not be assumed that any investment will be profitable or will equal the performance of the portfolios or any securities or any sectors mentioned herein. The information does not constitute a recommendation to buy or sell any securities mentioned. Information on this document is from sources considered reliable, but no representation or warranty is made as to its completeness or accuracy.