# EDGAR Filing Document

**Accession Number:** 0000923184
**File Stem:** 0000940400-25-009739
**Filing Date:** 2025-11
**Character Count:** 36526
**Document Hash:** da842cf21f662a27a00b4a6fb7902323
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009739.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009739

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MATTHEWS INTERNATIONAL FUNDS
- **CENTRAL INDEX KEY:** 0000923184

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08510
- **FILM NUMBER:** 251513051

**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

## Series and Classes Contracts Data

### Matthews Emerging Markets Equity Fund (Series ID: S000068521)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000219129 | Investor Class Shares      | MEGMX           |
| C000219130 | Institutional Class Shares | MIEFX           |

## Nport-Ex

Matthews Emerging Markets Equity FundSeptember 30, 2025

*Schedule of Investments*<sup>a</sup> *(unaudited)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **COMMON EQUITIES: 93.2%** | **COMMON EQUITIES: 93.2%** | |
|  | **Shares** | <br>**Value**  |
| **China/Hong Kong: 32.4%** | **China/Hong Kong: 32.4%** | **China/Hong Kong: 32.4%** |
| Tencent Holdings, Ltd. | 210500 | $17936621 |
| Alibaba Group Holding, Ltd. | 616600 | 13789714 |
| Trip.com Group, Ltd. ADR | 78274 | 5886205 |
| DiDi Global, Inc. ADR<sup>b</sup> <br>| 809659 | 5036079 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contemporary Amperex Technology Co., Ltd. A <br> Shares<br>| 78340 | 4436885 |
| JD.com, Inc. Class A | 223102 | 3908861 |
| Horizon Robotics<sup>b</sup> <br>| 2650800 | 3255190 |
| Hong Kong Exchanges & Clearing, Ltd. | 49600 | 2815820 |
| NetEase, Inc. ADR | 18298 | 2781113 |
| PDD Holdings, Inc. ADR<sup>b</sup> <br>| 20661 | 2730764 |
| PetroChina Co., Ltd. H Shares | 2918000 | 2645359 |
| China Construction Bank Corp. H Shares | 2748000 | 2635789 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China, Ltd. H <br> Shares<br>| 387000 | 2632796 |
| KE Holdings, Inc. ADR | 132301 | 2513719 |
| China Merchants Bank Co., Ltd. H Shares | 411000 | 2459825 |
| Wuliangye Yibin Co., Ltd. A Shares | 143974 | 2458442 |
| China Overseas Property Holdings, Ltd. | 3640000 | 2357695 |
| Meituan Class B<sup>b,c,d</sup> <br>| 144500 | 1930342 |
| Full Truck Alliance Co., Ltd. ADR | 111405 | 1444923 |
| &nbsp;&nbsp;&nbsp;&nbsp; China International Capital Corp., Ltd. H <br> Shares<sup>c,d</sup> <br>| 514400 | 1407519 |
| Yum China Holdings, Inc. | 30863 | 1324640 |
| Zijin Gold International Co., Ltd.<sup>b</sup> <br>| 24300 | 376587 |
| **Total China/Hong Kong** |  | **86764888** |
| **India: 15.7%** | **India: 15.7%** | **India: 15.7%** |
| HDFC Bank, Ltd. ADR | 132070 | 4511511 |
| ICICI Bank, Ltd. ADR | 142616 | 4311282 |
| Bharti Airtel, Ltd. | 174516 | 3690925 |
| Mahindra & Mahindra, Ltd. | 84904 | 3276839 |
| Eicher Motors, Ltd. | 40092 | 3165636 |
| Eternal, Ltd.<sup>b</sup> <br>| 816862 | 2998811 |
| Bajaj Finance, Ltd. | 255580 | 2875654 |
| TVS Motor Co., Ltd. | 69735 | 2700666 |
| Max Financial Services, Ltd.<sup>b</sup> <br>| 136297 | 2419262 |
| State Bank of India | 230604 | 2263775 |
| Shriram Finance, Ltd. | 322681 | 2237422 |
| Bandhan Bank, Ltd.<sup>c,d</sup> <br>| 1177428 | 2152459 |
| Marico, Ltd. | 271116 | 2130660 |
| Reliance Industries, Ltd. | 82741 | 1270886 |
| Tata Consumer Products, Ltd. | 93230 | 1186195 |
| Dixon Technologies India, Ltd.<sup>d</sup> <br>| 5670 | 1042138 |
| **Total India** |  | **42234121** |
| **Taiwan: 15.6%** | **Taiwan: 15.6%** | **Taiwan: 15.6%** |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 662187 | 28763965 |
| Delta Electronics, Inc. | 98000 | 2760670 |
| Alchip Technologies, Ltd. | 23000 | 2642127 |
| Elite Material Co., Ltd. | 64000 | 2590159 |
| CTBC Financial Holding Co., Ltd. | 1563000 | 2204329 |
| Hon Hai Precision Industry Co., Ltd. | 214000 | 1527991 |
| MediaTek, Inc. | 27000 | 1170983 |
| Realtek Semiconductor Corp. | 6000 | 108621 |
| **Total Taiwan** |  | **41768845** |
| **South Korea: 15.1%** | **South Korea: 15.1%** | **South Korea: 15.1%** |
| Samsung Electronics Co., Ltd. | 170322 | 10210860 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| Macquarie Korea Infrastructure Fund | 524286 | $4302056 |
| SK Hynix, Inc. | 14017 | 3474786 |
| Hanwha Aerospace Co., Ltd. | 4020 | 3179158 |
| NAVER Corp. | 15852 | 3041787 |
| HD Hyundai Electric Co., Ltd. | 7000 | 2911560 |
| Hana Financial Group, Inc. | 43788 | 2722517 |
| Korea Investment Holdings Co., Ltd. | 25561 | 2643596 |
| SK Telecom Co., Ltd. | 54035 | 2094679 |
| KB Financial Group, Inc. | 20520 | 1693637 |
| Coupang, Inc.<sup>b</sup> <br>| 50008 | 1610258 |
| Hyundai Rotem Co., Ltd. | 8705 | 1360773 |
| Samsung Biologics Co., Ltd.<sup>b,c,d</sup> <br>| 1588 | 1131685 |
| **Total South Korea** |  | **40377352** |
| **Brazil: 5.9%** | **Brazil: 5.9%** | **Brazil: 5.9%** |
| Itau Unibanco Holding SA ADR | 740998 | 5438925 |
| XP, Inc. A Shares | 217873 | 4093834 |
| B3 SA - Brasil Bolsa Balcao | 1049500 | 2642360 |
| MercadoLibre, Inc.<sup>b</sup> <br>| 1104 | 2579982 |
| Rumo SA | 385700 | 1157335 |
| **Total Brazil** |  | **15912436** |
| **South Africa: 2.3%** | **South Africa: 2.3%** | **South Africa: 2.3%** |
| Naspers, Ltd. N Shares | 9527 | 3461842 |
| Shoprite Holdings, Ltd. | 167789 | 2662181 |
| **Total South Africa** |  | **6124023** |
| **Mexico: 2.0%** | **Mexico: 2.0%** | **Mexico: 2.0%** |
| Grupo Financiero Banorte SAB de CV Class O | 314400 | 3167091 |
| Fomento Economico Mexicano SAB de CV ADR | 23454 | 2313268 |
| **Total Mexico** |  | **5480359** |
| **Chile: 1.2%** | **Chile: 1.2%** | **Chile: 1.2%** |
| Antofagasta PLC | 84157 | 3129792 |
| **Total Chile** |  | **3129792** |
| **Philippines: 1.1%** | **Philippines: 1.1%** | **Philippines: 1.1%** |
| Bank of the Philippine Islands | 1497886 | 2959740 |
| **Total Philippines** |  | **2959740** |
| **Singapore: 1.1%** | **Singapore: 1.1%** | **Singapore: 1.1%** |
| Singapore Telecommunications, Ltd. | 887335 | 2836870 |
| **Total Singapore** |  | **2836870** |
| **Thailand: 0.8%** | **Thailand: 0.8%** | **Thailand: 0.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Bangkok Dusit Medical Services Public Co., Ltd. <br> F Shares<br>| 3155200 | 1993320 |
| CP ALL Public Co., Ltd. | 111600 | 162663 |
| **Total Thailand** |  | **2155983** |
| **Vietnam: 0.0%** | **Vietnam: 0.0%** | **Vietnam: 0.0%** |
| Military Commercial Joint Stock Bank | 39470 | 39118 |
| **Total Vietnam** |  | **39118** |

---

*matthewsasia.com* \| 800.789.ASIA **1**

------

Matthews Emerging Markets Equity FundSeptember 30, 2025

*Schedule of Investments*<sup>a</sup> *(unaudited) (continued)*

---

| | | |
|:---|:---|:---|
| **COMMON EQUITIES** *(continued)* | **COMMON EQUITIES** *(continued)* | |
|  | **Shares** | <br>**Value**  |
| **Russia: 0.0%** | **Russia: 0.0%** | **Russia: 0.0%** |
| Sberbank of Russia PJSC<sup>e</sup> <br>| 128308 | $1548 |
| **Total Russia** |  | **1548** |
| **TOTAL COMMON EQUITIES** | **TOTAL COMMON EQUITIES** | **249785075** |
| (Cost $197,545,318) |  |  |
| **PREFERRED EQUITIES: 0.0%** | **PREFERRED EQUITIES: 0.0%** |  |
| **India: 0.0%** | **India: 0.0%** | **India: 0.0%** |
| TVS Motor Co., Ltd., Pfd.<sup>b,e</sup> <br>| 278940 | 32987 |
| **Total India** |  | **32987** |
| **TOTAL PREFERRED EQUITIES** | **TOTAL PREFERRED EQUITIES** | **32987** |
| (Cost $0) |  |  |
| **Total Investments: 93.2%** |  | **249818062** |
| (Cost $197,545,318) |  |  |
| **CASH AND OTHER ASSETS,** <br>**LESS LIABILITIES: 6.8%**<br>|  | **18243083** |
| **Net Assets: 100.0%** |  | **$268061145** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| a | &nbsp;&nbsp;&nbsp; Certain securities were fair valued under the valuation policies approved by the <br> Board of Trustees.<br>|
| b | Non-income producing security. |
| c | &nbsp;&nbsp;&nbsp; Security exempt from registration under Rule 144A of the Securities Act of 1933, as <br> amended. The security may be resold in transactions exempt from registration <br> normally to qualified institutional buyers. The security has been determined to be <br> liquid in accordance with procedures adopted by the Funds' Board of Trustees. At <br> September 30, 2025, the aggregate value is $6,622,005, which is 2.47% of net <br> assets.<br>|
| d | &nbsp;&nbsp;&nbsp; The securities may be resold to qualified foreign investors and foreign institutional <br> buyers under Regulation S of the Securities Act of 1933.<br>|
| e | &nbsp;&nbsp;&nbsp; Security is valued using significant unobservable inputs and is classified as Level 3 in <br> the fair value hierarchy. The aggregate value of Level 3 security is $34,535 and <br> 0.01% of net assets.<br>|
| ADR | American Depositary Receipt |
| Pfd. | Preferred |
| PJSC | Public Joint Stock Co. |

---

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Matthews International Funds

- **b. Investment Company Act file number:** 811-08510

- **c. CIK number of Registrant:** 0000923184

- **d. LEI of Registrant:** 5493007IYPQKGSDVTS49

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** Four Embarcadero Center

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94111

  - **Telephone number:** 415-788-7553

**Item A.2. Information about the Series.**

- **a. Name of Series:** Matthews Emerging Markets Equity Fund

- **b. EDGAR series identifier (if any):** S000068521

- **c. LEI of Series:** 549300HSCRKFLIMZCY18

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $268492313.19

**Total Liabilities:** $386812.43

**Net Assets:** $268105500.76

**Cash Not Reported:** $19106239.78

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219130 | 1.08%                | 2.40%                | 6.97%                |
| Class ID C000219129 | 1.08%                | 2.40%                | 6.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $304703.36               | $1536607.17                                |
| Month 2  | $3948868.98              | $2178908.82                                |
| Month 3  | $3853973.83              | $13064795.58                               |

### Schedule of Portfolio Investments

| Name                           | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fomento Economico Mexicano SAB | Fomento Economico Mexicano SAB de CV      | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     23454 | NS      | $2313268.02   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CTBC Financial Holding Co Ltd  | CTBC Financial Holding Co Ltd             | CUSIP: 000000000<br>LEI: 549300IWDYIFW6JXM387 | Long             | EC               | CORP              | TW        |   1563000 | NS      | $2204329.44   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| PDD Holdings Inc               | PDD Holdings Inc                          | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |     20661 | NS      | $2730764.37   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      1104 | NS      | $2579981.76   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Biologics Co Ltd       | Samsung Biologics Co Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1588 | NS      | $1131685.42   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc         | KB Financial Group Inc                    | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |     20520 | NS      | $1693636.55   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Military Commercial Joint Stoc | Military Commercial Joint Stock Bank      | CUSIP: 000000000<br>LEI: 5493007XE88E8JRNTJ93 | Long             | EC               | CORP              | VN        |     39470 | NS      | $39117.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp                     | NAVER Corp                                | CUSIP: 000000000<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |     15852 | NS      | $3041787.14   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Marico Ltd                     | Marico Ltd                                | CUSIP: 000000000<br>LEI: 3358003SFDQFGJPC5O84 | Long             | EC               | CORP              | IN        |    271116 | NS      | $2130660.08   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co Ltd              | PetroChina Co Ltd                         | CUSIP: 000000000<br>LEI: 529900RPY4YG47TRSV05 | Long             | EC               | CORP              | CN        |   2918000 | NS      | $2645359.11   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Antofagasta PLC                | Antofagasta PLC                           | CUSIP: 000000000<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | CL        |     84157 | NS      | $3129792.43   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc                   | SK Hynix Inc                              | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     14017 | NS      | $3474786.09   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd        | Reliance Industries Ltd                   | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     82741 | NS      | $1270885.93   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA OVS PPT                  | China Overseas Property Holdings Ltd      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |   3640000 | NS      | $2357695.35   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| PING AN                        | Ping An Insurance Group Co of China Ltd   | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |    387000 | NS      | $2632795.57   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| HKEX                           | Hong Kong Exchanges & Clearing Ltd        | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     49600 | NS      | $2815819.59   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Telecom Co Ltd              | SK Telecom Co Ltd                         | CUSIP: 000000000<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |     54035 | NS      | $2094678.62   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| SingTel                        | Singapore Telecommunications Ltd          | CUSIP: 000000000<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |    887335 | NS      | $2836870.43   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group Inc       | Hana Financial Group Inc                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     43788 | NS      | $2722516.79   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CATL                           | Contemporary Amperex Technology Co Ltd    | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     78340 | NS      | $4436884.60   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Eicher Motors Ltd              | Eicher Motors Ltd                         | CUSIP: 000000000<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |     40092 | NS      | $3165636.18   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Shriram Finance Ltd            | Shriram Finance Ltd                       | CUSIP: 000000000<br>LEI: 335800TM2YO24B76XL26 | Long             | EC               | CORP              | IN        |    322681 | NS      | $2237421.54   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao    | B3 SA - Brasil Bolsa Balcao               | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |   1049500 | NS      | $2642359.90   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Eternal Ltd                    | Eternal Ltd                               | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |    816862 | NS      | $2998811.44   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consumer Products Ltd     | Tata Consumer Products Ltd                | CUSIP: 000000000<br>LEI: 335800LOXFWU8ZQJMD12 | Long             | EC               | CORP              | IN        |     93230 | NS      | $1186195.13   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                   | MediaTek Inc                              | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     27000 | NS      | $1170983.28   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    170322 | NS      | $10210859.72  | 3.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Rumo SA                        | Rumo SA                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    385700 | NS      | $1157335.53   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Electric Co Ltd     | HD Hyundai Electric Co Ltd                | CUSIP: 000000000<br>LEI: 988400CSDKM9UHLHGB91 | Long             | EC               | CORP              | KR        |      7000 | NS      | $2911559.94   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc          | Delta Electronics Inc                     | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |     98000 | NS      | $2760670.33   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanwha Aerospace Co Ltd        | Hanwha Aerospace Co Ltd                   | CUSIP: 000000000<br>LEI: 9884001NSUA8FQKQWR25 | Long             | EC               | CORP              | KR        |      4020 | NS      | $3179158.07   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                    | NetEase Inc                               | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |     18298 | NS      | $2781113.02   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd        | Mahindra & Mahindra Ltd                   | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     84904 | NS      | $3276838.53   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp     | Realtek Semiconductor Corp                | CUSIP: 000000000<br>LEI: 5299002E7F36O00MYY75 | Long             | EC               | CORP              | TW        |      6000 | NS      | $108621.19    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Financial Services Ltd     | Max Financial Services Ltd                | CUSIP: 000000000<br>LEI: 335800Y9FX8XGFB64S40 | Long             | EC               | CORP              | IN        |    136297 | NS      | $2419261.70   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                 | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |    616600 | NS      | $13789714.20  | 5.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA       | Itau Unibanco Holding SA                  | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |    740998 | NS      | $5438925.32   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KE Holdings Inc                | KE Holdings Inc                           | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | CN        |    132301 | NS      | $2513719.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie Korea Infrastructure | Macquarie Korea Infrastructure Fund       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    524286 | NS      | $4302056.28   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finance Ltd              | Bajaj Finance Ltd                         | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |    255580 | NS      | $2875654.52   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp   | China Construction Bank Corp              | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |   2748000 | NS      | $2635788.93   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| DiDi Global Inc                | DiDi Global Inc                           | CUSIP: 23292E108<br>LEI: 8368006Y2DHY77ADSY31 | Long             | EC               | CORP              | CN        |    809659 | NS      | $5036078.98   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Bank Co Ltd    | China Merchants Bank Co Ltd               | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |    411000 | NS      | $2459825.14   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd           | Tencent Holdings Ltd                      | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    210500 | NS      | $17936621.27  | 6.69%             |  |  |  | No            |                  2 | On Loan: No      |
| CICC                           | China International Capital Corp Ltd      | CUSIP: 000000000<br>LEI: 529900OS3SVVTT56QN67 | Long             | EC               | CORP              | CN        |    514400 | NS      | $1407518.56   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| State Bank of India            | State Bank of India                       | CUSIP: 000000000<br>LEI: 5493001JZ37UBBZF6L49 | Long             | EC               | CORP              | IN        |    230604 | NS      | $2263775.31   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Full Truck Alliance Co Ltd     | Full Truck Alliance Co Ltd                | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | CN        |    111405 | NS      | $1444922.85   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of the Philippine Islands | Bank of the Philippine Islands            | CUSIP: 000000000<br>LEI: 549300UW4UH6XT2X8C50 | Long             | EC               | CORP              | PH        |   1497886 | NS      | $2959740.38   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TVS Motor Co Ltd               | TVS Motor Co Ltd                          | CUSIP: 000000000<br>LEI: 335800URVL13UQEWM152 | Long             | EC               | CORP              | IN        |     69735 | NS      | $2700665.93   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                 | ICICI Bank Ltd                            | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    142616 | NS      | $4311281.68   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TVS MOTOR COMPANY              | TVS Motor Co Ltd                          | CUSIP: 000000000<br>LEI: 335800URVL13UQEWM152 | Long             | EP               | CORP              | IN        |    278940 | NS      | $32986.95     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Horizon Robotics               | Horizon Robotics                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   2650800 | NS      | $3255190.37   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Shoprite Holdings Ltd          | Shoprite Holdings Ltd                     | CUSIP: 000000000<br>LEI: 529900Q4O1EYP6NH5150 | Long             | EC               | CORP              | ZA        |    167789 | NS      | $2662180.89   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CP ALL PCL                     | CP ALL PCL                                | CUSIP: 000000000<br>LEI: 894500LSBZLM09TY1A91 | Long             | EC               | CORP              | TH        |    111600 | NS      | $162663.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Dixon Technologies India Ltd   | Dixon Technologies India Ltd              | CUSIP: 000000000<br>LEI: 335800D7XO7AVXXJ8575 | Long             | EC               | CORP              | IN        |      5670 | NS      | $1042137.76   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang Inc                    | Coupang Inc                               | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |     50008 | NS      | $1610257.60   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Investment Holdings Co L | Korea Investment Holdings Co Ltd          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     25561 | NS      | $2643595.97   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC        | Sberbank of Russia PJSC                   | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    128308 | NS      | $1547.74      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Bharti Airtel Ltd              | Bharti Airtel Ltd                         | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |    174516 | NS      | $3690924.55   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Bandhan Bank Ltd               | Bandhan Bank Ltd                          | CUSIP: 000000000<br>LEI: 335800Q13QAC32IOCH33 | Long             | EC               | CORP              | IN        |   1177428 | NS      | $2152459.47   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Dusit Medical Services | Bangkok Dusit Medical Services PCL        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |   3155200 | NS      | $1993320.02   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB d | Grupo Financiero Banorte SAB de CV        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    314400 | NS      | $3167090.51   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Rotem Co Ltd           | Hyundai Rotem Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      8705 | NS      | $1360773.49   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co Ltd          | Elite Material Co Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     64000 | NS      | $2590158.71   | 0.97%             |  |  |  | No            |                  3 | On Loan: No      |
| Alchip Technologies Ltd        | Alchip Technologies Ltd                   | CUSIP: 000000000<br>LEI: 529900HKE9RIY07SLX84 | Long             | EC               | CORP              | TW        |     23000 | NS      | $2642127.20   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                     | JD.com Inc                                | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |    223102 | NS      | $3908861.29   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                  | HDFC Bank Ltd                             | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    132070 | NS      | $4511511.20   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc                         | XP Inc                                    | CUSIP: 000000000<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | BR        |    217873 | NS      | $4093833.67   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Naspers Ltd                    | Naspers Ltd                               | CUSIP: 000000000<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |      9527 | NS      | $3461841.85   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co Ltd         | Wuliangye Yibin Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    143974 | NS      | $2458442.09   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    662187 | NS      | $28763964.47  | 10.73%            |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings Inc         | Yum China Holdings Inc                    | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | CN        |     30863 | NS      | $1324639.96   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan                        | Meituan                                   | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |    144500 | NS      | $1930342.06   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Gold International Co Lt | Zijin Gold International Co Ltd           | CUSIP: 000000000<br>LEI: 254900FINUJR4MZ8A417 | Long             | EC               | CORP              | HK        |     24300 | NS      | $376586.85    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd             | Trip.com Group Ltd                        | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | SG        |     78274 | NS      | $5886204.80   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hon Hai Precision Industry Co  | Hon Hai Precision Industry Co Ltd         | CUSIP: 000000000<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |    214000 | NS      | $1527990.75   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Matthews International Funds

**Signature:** Shai Malka

**Name of Signer:** Shai Malka

**Title:** Treasurer