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Matthews China Dividend Fund


Top 10 Holdings as of 6/30/2017

Security Sector % Net Assets
Tencent Holdings, Ltd. Information Technology 6.2
HSBC Holdings PLC Financials 4.0
Midea Group Co., Ltd. Consumer Discretionary 3.5
WH Group, Ltd. Consumer Staples 3.2
Ping An Insurance Group Co. of China, Ltd. Financials 3.1
China Petroleum & Chemical Corp. Energy 2.9
China Everbright, Ltd. Financials 2.9
Chow Tai Fook Jewellery Group, Ltd. Consumer Discretionary 2.9
PICC Property & Casualty Co., Ltd. Financials 2.9
Bank of China, Ltd. Financials 2.8
Total 34.4
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 6/30/2017

Sector AllocationMarket Cap
Exposure
Asset Type
Breakdown
China Exposure
  Fund MSCI China IndexDifference
Financials 18.6 24.0 -5.4
Consumer Discretionary 17.3 10.4 6.9
Information Technology 16.2 37.2 -21.0
Industrials 12.6 5.0 7.6
Telecom Services 7.5 6.3 1.2
Health Care 7.2 2.1 5.1
Consumer Staples 6.4 1.8 4.6
Real Estate 3.9 4.2 -0.3
Energy 2.9 5.1 -2.2
Materials 2.3 1.2 1.1
Utilities 2.0 2.6 -0.6
Cash and Other Assets, Less Liabilities 3.3 0.0 3.3
Source: FactSet Research Systems.


Portfolio Characteristics as of 6/30/2017

Number of Securities1

45

Weighted Average
Market Cap

$54.6 billion

P/E using FY1 estimates

13.5x

P/E using FY2 estimates

12.1x
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 www.msci.com.

Additional performance, attribution, liquidity, value at risk (VaR), security classification and holdings information is available on request for certain time periods.

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.