# EDGAR Filing Document

**Accession Number:** 0000923184
**File Stem:** 0000940400-25-009740
**Filing Date:** 2025-11
**Character Count:** 42810
**Document Hash:** cc10a87d2b19d2ece5f63d48cf6a7be1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009740.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009740

**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:** 251513052

**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 SMALL COMPANIES FUND (Series ID: S000023269)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000068052 | Investor Class Shares      | MSMLX           |
| C000093230 | Institutional Class Shares | MISMX           |

## Nport-Ex

Matthews Emerging Markets Small Companies FundSeptember 30, 2025

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

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

---

| | | |
|:---|:---|:---|
| **COMMON EQUITIES: 101.0%** | **COMMON EQUITIES: 101.0%** | |
|  | **Shares** | <br>**Value**  |
| **India: 26.7%** | **India: 26.7%** | **India: 26.7%** |
| Bandhan Bank, Ltd.<sup>b,c</sup> <br>| 17248939 | $31532834 |
| Cartrade Tech, Ltd.<sup>d</sup> <br>| 552644 | 15250279 |
| Radico Khaitan, Ltd. | 364011 | 11835461 |
| Inox Wind, Ltd.<sup>d</sup> <br>| 4862586 | 7677097 |
| Phoenix Mills, Ltd. | 408260 | 7147065 |
| Netweb Technologies India, Ltd. | 160877 | 6620109 |
| BlackBuck, Ltd.<sup>d</sup> <br>| 914691 | 6425864 |
| Shriram Finance, Ltd. | 793988 | 5505393 |
| Action Construction Equipment, Ltd. | 441974 | 5339648 |
| Senco Gold, Ltd. | 1237378 | 4784306 |
| Rainbow Children's Medicare, Ltd. | 304650 | 4651743 |
| UNO Minda, Ltd. | 300757 | 4401452 |
| Ola Electric Mobility, Ltd.<sup>d</sup> <br>| 5187222 | 3330482 |
| Avalon Technologies, Ltd.<sup>b,c,d</sup> <br>| 269746 | 3065209 |
| GE Vernova T&D India, Ltd. | 91264 | 3043033 |
| Amber Enterprises India, Ltd.<sup>d</sup> <br>| 31090 | 2836357 |
| Bharti Hexacom, Ltd. | 133110 | 2486554 |
| Finolex Cables, Ltd. | 163139 | 1502390 |
| **Total India** |  | **127435276** |
| **Taiwan: 17.2%** | **Taiwan: 17.2%** | **Taiwan: 17.2%** |
| Elite Material Co., Ltd. | 321000 | 12991265 |
| Gold Circuit Electronics, Ltd. | 891000 | 12838222 |
| AURAS Technology Co., Ltd. | 344000 | 9560109 |
| Andes Technology Corp.<sup>d</sup> <br>| 857000 | 8690752 |
| M31 Technology Corp. | 522057 | 7853555 |
| Wiwynn Corp. | 71000 | 7779558 |
| Fortune Electric Co., Ltd. | 252500 | 4841707 |
| ASPEED Technology, Inc. | 29000 | 4823353 |
| Poya International Co., Ltd. | 175579 | 2705118 |
| Yageo Corp. | 475000 | 2663710 |
| Phison Electronics Corp. | 114000 | 2650046 |
| Formosa Sumco Technology Corp. | 703000 | 2353475 |
| AP Memory Technology Corp. | 173000 | 1942935 |
| Airtac International Group | 18431 | 457789 |
| **Total Taiwan** |  | **82151594** |
| **China/Hong Kong: 15.3%** | **China/Hong Kong: 15.3%** | **China/Hong Kong: 15.3%** |
| Legend Biotech Corp. ADR<sup>d</sup> <br>| 525557 | 17138414 |
| Zhihu, Inc. ADR<sup>d</sup> <br>| 1710569 | 8672585 |
| Full Truck Alliance Co., Ltd. ADR | 519257 | 6734763 |
| Tongcheng Travel Holdings, Ltd.<sup>c</sup> <br>| 1630400 | 4816320 |
| Silergy Corp. | 531000 | 4522318 |
| Medlive Technology Co., Ltd.<sup>b,c</sup> <br>| 2282000 | 3827060 |
| &nbsp;&nbsp;&nbsp;&nbsp; Centre Testing International Group Co., Ltd. <br> A Shares<br>| 1924538 | 3487144 |
| Yuexiu Property Co., Ltd. | 4967000 | 3322566 |
| Flat Glass Group Co., Ltd. H Shares | 2230000 | 3257359 |
| China Conch Venture Holdings, Ltd. | 2129000 | 2997912 |
| Xtep International Holdings, Ltd. | 3910000 | 2933534 |
| Kingsoft Corp., Ltd. | 624200 | 2769716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beijing Capital International Airport Co., Ltd. <br> H Shares<sup>d</sup> <br>| 6484000 | 2313360 |
| Hongfa Technology Co., Ltd. A Shares | 612840 | 2270394 |
| Ever Sunshine Services Group, Ltd.<sup>c</sup> <br>| 9692000 | 2255848 |
| Central China Securities Co., Ltd. H Shares<sup>c</sup> <br>| 4408000 | 1559333 |
| Kanzhun, Ltd. ADR<sup>d</sup> <br>| 20376 | 475983 |
| **Total China/Hong Kong** |  | **73354609** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **South Korea: 13.0%** | **South Korea: 13.0%** | **South Korea: 13.0%** |
| Hugel, Inc.<sup>d</sup> <br>| 97563 | $20963863 |
| Eugene Technology Co., Ltd. | 241129 | 12041268 |
| HD Hyundai Co., Ltd. | 86332 | 9579559 |
| C&C International Co., Ltd. | 220865 | 6414517 |
| BGF Retail Co., Ltd. | 40720 | 3137255 |
| SNT Holdings Co., Ltd.<sup>d</sup> <br>| 57780 | 3002381 |
| SNT Dynamics Co., Ltd. | 55108 | 2846305 |
| BNK Financial Group, Inc. | 208618 | 2170960 |
| iM Financial Group Co., Ltd. | 219859 | 2158822 |
| **Total South Korea** |  | **62314930** |
| **Brazil: 7.0%** | **Brazil: 7.0%** | **Brazil: 7.0%** |
| Grupo SBF SA | 4110900 | 10041186 |
| YDUQS Participacoes SA | 4036700 | 9799270 |
| Vivara Participacoes SA | 1378400 | 7396703 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vamos Locacao de Caminhoes Maquinas e <br> Equipamentos SA<br>| 9648400 | 6254306 |
| **Total Brazil** |  | **33491465** |
| **Vietnam: 4.0%** | **Vietnam: 4.0%** | **Vietnam: 4.0%** |
| Mobile World Investment Corp. | 2222514 | 6544144 |
| Military Commercial Joint Stock Bank | 6145274 | 6090464 |
| FPT Corp. | 1279544 | 4506999 |
| Nam Long Investment Corp. | 1416032 | 2156783 |
| **Total Vietnam** |  | **19298390** |
| **Poland: 2.5%** | **Poland: 2.5%** | **Poland: 2.5%** |
| InPost SA<sup>d</sup> <br>| 970303 | 11946027 |
| **Total Poland** |  | **11946027** |
| **South Africa: 2.5%** | **South Africa: 2.5%** | **South Africa: 2.5%** |
| We Buy Cars Holdings, Ltd. | 3499693 | 11222525 |
| Old Mutual, Ltd. | 663716 | 512850 |
| **Total South Africa** |  | **11735375** |
| **Greece: 1.9%** | **Greece: 1.9%** | **Greece: 1.9%** |
| Piraeus Financial Holdings SA | 1074020 | 9122963 |
| **Total Greece** |  | **9122963** |
| **Philippines: 1.6%** | **Philippines: 1.6%** | **Philippines: 1.6%** |
| GT Capital Holdings, Inc. | 602770 | 5963373 |
| Security Bank Corp. | 1516930 | 1860976 |
| **Total Philippines** |  | **7824349** |
| **Georgia: 1.6%** | **Georgia: 1.6%** | **Georgia: 1.6%** |
| TBC Bank Group PLC | 122375 | 7490764 |
| **Total Georgia** |  | **7490764** |
| **Mexico: 1.3%** | **Mexico: 1.3%** | **Mexico: 1.3%** |
| Gentera SAB de CV | 2386100 | 6187560 |
| **Total Mexico** |  | **6187560** |
| **Turkey: 1.2%** | **Turkey: 1.2%** | **Turkey: 1.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Astor Transformator Enerji Turizm Insaat Ve <br> Petrol Sanayi Ticaret AS<br>| 2533809 | 5953734 |
| **Total Turkey** |  | **5953734** |

---

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

------

Matthews Emerging Markets Small Companies FundSeptember 30, 2025

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

---

| | | |
|:---|:---|:---|
| **COMMON EQUITIES** *(continued)* | **COMMON EQUITIES** *(continued)* | |
|  | **Shares** | <br>**Value**  |
| **Indonesia: 1.1%** | **Indonesia: 1.1%** | **Indonesia: 1.1%** |
| PT Mitra Adiperkasa Tbk | 45613500 | $3080581 |
| PT GoTo Gojek Tokopedia Tbk<sup>d</sup> <br>| 619242600 | 2012608 |
| **Total Indonesia** |  | **5093189** |
| **Panama: 1.0%** | **Panama: 1.0%** | **Panama: 1.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Latinoamericano de Comercio Exterior <br> SA E Shares<br>| 105796 | 4863442 |
| **Total Panama** |  | **4863442** |
| **Bangladesh: 0.9%** | **Bangladesh: 0.9%** | **Bangladesh: 0.9%** |
| BRAC Bank PLC | 7748011 | 4424706 |
| **Total Bangladesh** |  | **4424706** |
| **Cyprus: 0.9%** | **Cyprus: 0.9%** | **Cyprus: 0.9%** |
| Theon International PLC | 111124 | 4248497 |
| **Total Cyprus** |  | **4248497** |
| **United Kingdom: 0.8%** | **United Kingdom: 0.8%** | **United Kingdom: 0.8%** |
| Baltic Classifieds Group PLC | 872984 | 3639636 |
| **Total United Kingdom** |  | **3639636** |
| **Chile: 0.3%** | **Chile: 0.3%** | **Chile: 0.3%** |
| Parque Arauco SA | 436068 | 1104740 |
| Lundin Mining Corp. | 9100 | 135745 |
| **Total Chile** |  | **1240485** |
| **Argentina: 0.2%** | **Argentina: 0.2%** | **Argentina: 0.2%** |
| Grupo Financiero Galicia SA ADR | 31797 | 876325 |
| **Total Argentina** |  | **876325** |
| **Russia: 0.0%** | **Russia: 0.0%** | **Russia: 0.0%** |
| Moscow Exchange MICEX-RTS PJSC<sup>e</sup> <br>| 2101250 | 25347 |
| **Total Russia** |  | **25347** |
| **Total Investments: 101.0%** |  | **482718663** |
| (Cost $412,616,604) |  |  |
| **LIABILITIES IN EXCESS OF CASH** <br>**AND OTHER ASSETS: (1.0%)**<br>|  | **(4815281)**<br>|
| **Net Assets: 100.0%** |  | **$477903382** |

---

&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 | &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 $38,425,103, which is 8.04% of net <br> assets.<br>|
| c | &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>|
| d | Non-income producing security. |
| 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 $25,347 and <br> 0.01% of net assets.<br>|
| ADR | American Depositary Receipt |
| 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 Small Companies Fund

- **b. EDGAR series identifier (if any):** S000023269

- **c. LEI of Series:** 549300ID1GR4K6SHYI21

**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:** $479510153.54

**Total Liabilities:** $805962.64

**Net Assets:** $478704190.90

**Cash Not Reported:** $483868.81

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000068052 | -1.47%               | 3.68%                | 0.60%                |
| Class ID C000093230 | -1.47%               | 3.69%                | 0.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4709725.54              | $-11751435.27                              |
| Month 2  | $3906187.14              | $13764248.94                               |
| Month 3  | $4171028.98              | $-3235034.51                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Gold Circuit Electronics Ltd   | Gold Circuit Electronics Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    891000 | NS      | $12838221.70  | 2.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Full Truck Alliance Co Ltd     | Full Truck Alliance Co Ltd                                           | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | CN        |    519257 | NS      | $6734763.29   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEED Technology Inc          | ASPEED Technology Inc                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     29000 | NS      | $4823352.71   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BRAC Bank PLC                  | BRAC Bank PLC                                                        | CUSIP: 000000000<br>LEI: 254900EHCK80ARTPIK21 | Long             | EC               | CORP              | BD        |   7748011 | NS      | $4424706.36   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharti Hexacom Ltd             | Bharti Hexacom Ltd                                                   | CUSIP: 000000000<br>LEI: 335800GJ4U5YVWJGAP02 | Long             | EC               | CORP              | IN        |    133110 | NS      | $2486553.86   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Military Commercial Joint Stoc | Military Commercial Joint Stock Bank                                 | CUSIP: 000000000<br>LEI: 5493007XE88E8JRNTJ93 | Long             | EC               | CORP              | VN        |   6145274 | NS      | $6090463.51   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Legend Biotech Corp            | Legend Biotech Corp                                                  | CUSIP: 52490G102<br>LEI: 254900EIUFZTW136H859 | Long             | EC               | CORP              | US        |    525557 | NS      | $17138413.77  | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Mutual Ltd                 | Old Mutual Ltd                                                       | CUSIP: 000000000<br>LEI: 213800MON84ZWWPQCN47 | Long             | EC               | CORP              | ZA        |    663716 | NS      | $512850.16    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| iM Financial Group Co Ltd      | iM Financial Group Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    219859 | NS      | $2158822.23   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Piraeus Financial Holdings SA  | Piraeus Financial Holdings SA                                        | CUSIP: 000000000<br>LEI: M6AD1Y1KW32H8THQ6F76 | Long             | EC               | CORP              | GR        |   1074020 | NS      | $9122963.48   | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitra Adiperkasa Tbk PT        | Mitra Adiperkasa Tbk PT                                              | CUSIP: 000000000<br>LEI: 254900Z2B7Y7F69ZZZ04 | Long             | EC               | CORP              | ID        |  45613500 | NS      | $3080581.11   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Formosa Sumco Technology Corp  | Formosa Sumco Technology Corp                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    703000 | NS      | $2353475.23   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobile World Investment Corp   | Mobile World Investment Corp                                         | CUSIP: 000000000<br>LEI: 254900ZRFNB8CRAHHO95 | Long             | EC               | CORP              | VN        |   2222514 | NS      | $6544144.46   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Galicia SA    | Grupo Financiero Galicia SA                                          | CUSIP: 399909100<br>LEI: 5299008H3AXIXV5G3C23 | Long             | EC               | CORP              | AR        |     31797 | NS      | $876325.32    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Avalon Technologies Ltd        | Avalon Technologies Ltd                                              | CUSIP: 000000000<br>LEI: 335800JCPBRVSQZ3OS06 | Long             | EC               | CORP              | IN        |    269746 | NS      | $3065208.50   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Kanzhun Ltd                    | Kanzhun Ltd                                                          | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               | CORP              | CN        |     20376 | NS      | $475983.36    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ola Electric Mobility Ltd      | Ola Electric Mobility Ltd                                            | CUSIP: 000000000<br>LEI: 335800BB7I348XAZPI13 | Long             | EC               | CORP              | IN        |   5187222 | NS      | $3330481.94   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Netweb Technologies India Ltd  | Netweb Technologies India Ltd                                        | CUSIP: 000000000<br>LEI: 335800OOUVFL1RE5GY79 | Long             | EC               | CORP              | IN        |    160877 | NS      | $6620109.21   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Bandhan Bank Ltd               | Bandhan Bank Ltd                                                     | CUSIP: 000000000<br>LEI: 335800Q13QAC32IOCH33 | Long             | EC               | CORP              | IN        |  17248939 | NS      | $31532834.37  | 6.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingsoft Corp Ltd              | Kingsoft Corp Ltd                                                    | CUSIP: 000000000<br>LEI: 529900UVT35D3Q7YQY41 | Long             | EC               | CORP              | CN        |    624200 | NS      | $2769716.00   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Senco Gold Ltd                 | Senco Gold Ltd                                                       | CUSIP: 000000000<br>LEI: 549300D3BL7586VX0W90 | Long             | EC               | CORP              | IN        |   1237378 | NS      | $4784305.72   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo SBF SA                   | Grupo SBF SA                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   4110900 | NS      | $10041185.59  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hugel Inc                      | Hugel Inc                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     97563 | NS      | $20963862.92  | 4.38%             |  |  |  | No            |                  2 | On Loan: No      |
| GoTo Gojek Tokopedia Tbk PT    | GoTo Gojek Tokopedia Tbk PT                                          | CUSIP: 000000000<br>LEI: 254900MT2CH1Y5Y7OX69 | Long             | EC               | CORP              | ID        | 619242600 | NS      | $2012607.86   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Mills Ltd/The          | Phoenix Mills Ltd/The                                                | CUSIP: 000000000<br>LEI: 33580037PCXCE5PNQU51 | Long             | EC               | CORP              | IN        |    408260 | NS      | $7147065.39   | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| GT Capital Holdings Inc        | GT Capital Holdings Inc                                              | CUSIP: 000000000<br>LEI: 254900P0ZPSRAHUO2131 | Long             | EC               | CORP              | PH        |    602770 | NS      | $5963373.04   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Vamos Locacao de Caminhoes Maq | Vamos Locacao de Caminhoes Maquinas e Equipamentos SA                | CUSIP: 000000000<br>LEI: 9845004ADLE5510G4A37 | Long             | EC               | CORP              | BR        |   9648400 | NS      | $6254305.98   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TBC Bank Group PLC             | TBC Bank Group PLC                                                   | CUSIP: 000000000<br>LEI: 213800T6NS9N2WQ3B328 | Long             | EC               | CORP              | GE        |    122375 | NS      | $7490764.25   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| We Buy Cars Holdings Ltd       | We Buy Cars Holdings Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |   3499693 | NS      | $11222524.51  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Xtep International Holdings Lt | Xtep International Holdings Ltd                                      | CUSIP: 000000000<br>LEI: 529900ZZZZBTOKZQI549 | Long             | EC               | CORP              | CN        |   3910000 | NS      | $2933533.78   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| YDUQS Participacoes SA         | YDUQS Participacoes SA                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   4036700 | NS      | $9799269.86   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SNT Holdings Co Ltd            | SNT Holdings Co Ltd                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     57780 | NS      | $3002380.82   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| BNK Financial Group Inc        | BNK Financial Group Inc                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    208618 | NS      | $2170960.52   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Hongfa Technology Co Ltd       | Hongfa Technology Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    612840 | NS      | $2270393.74   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Eugene Technology Co Ltd       | Eugene Technology Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    241129 | NS      | $12041267.86  | 2.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Parque Arauco SA               | Parque Arauco SA                                                     | CUSIP: 000000000<br>LEI: 2549001WW2PV1Y0UEU97 | Long             | EC               | CORP              | CL        |    436068 | NS      | $1104739.75   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Nam Long Investment Corp       | Nam Long Investment Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |   1416032 | NS      | $2156782.64   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtac International Group     | Airtac International Group                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     18431 | NS      | $457788.65    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Finolex Cables Ltd             | Finolex Cables Ltd                                                   | CUSIP: 000000000<br>LEI: 335800KAEKSMUCIH3795 | Long             | EC               | CORP              | IN        |    163139 | NS      | $1502389.54   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Action Construction Equipment  | Action Construction Equipment Ltd                                    | CUSIP: 000000000<br>LEI: 335800E2SPJUKN6OTB20 | Long             | EC               | CORP              | IN        |    441974 | NS      | $5339648.40   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Gentera SAB de CV              | Gentera SAB de CV                                                    | CUSIP: 000000000<br>LEI: 4469000001ECOWXFNE33 | Long             | EC               | CORP              | MX        |   2386100 | NS      | $6187560.49   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| M31 Technology Corp            | M31 Technology Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    522057 | NS      | $7853555.44   | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| FPT Corp                       | FPT Corp                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |   1279544 | NS      | $4506998.90   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Vivara Participacoes SA        | Vivara Participacoes SA                                              | CUSIP: 000000000<br>LEI: 254900KO2WRLAVSJDR42 | Long             | EC               | CORP              | BR        |   1378400 | NS      | $7396703.27   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackBuck Ltd                  | BlackBuck Ltd                                                        | CUSIP: 000000000<br>LEI: 3358003IBMJFDHOYF615 | Long             | EC               | CORP              | IN        |    914691 | NS      | $6425864.15   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| InPost SA                      | InPost SA                                                            | CUSIP: 000000000<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | PL        |    970303 | NS      | $11946027.02  | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Astor Transformator Enerji Tur | Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TR        |   2533809 | NS      | $5953734.01   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Radico Khaitan Ltd             | Radico Khaitan Ltd                                                   | CUSIP: 000000000<br>LEI: 335800P7T5DW332M7E19 | Long             | EC               | CORP              | IN        |    364011 | NS      | $11835460.66  | 2.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Lundin Mining Corp             | Lundin Mining Corp                                                   | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |      9100 | NS      | $135744.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Baltic Classifieds Group PLC   | Baltic Classifieds Group PLC                                         | CUSIP: 000000000<br>LEI: 213800I1RPHCFSSQS969 | Long             | EC               | CORP              | LT        |    872984 | NS      | $3639636.16   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Ever Sunshine Services Group L | Ever Sunshine Services Group Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   9692000 | NS      | $2255848.04   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| BGF retail Co Ltd              | BGF retail Co Ltd                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     40720 | NS      | $3137255.19   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Moscow Exchange MICEX-RTS PJSC | Moscow Exchange MICEX-RTS PJSC                                       | CUSIP: 000000000<br>LEI: 253400M5M1222KPNWE87 | Long             | EC               | CORP              | RU        |   2101250 | NS      | $25346.80     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Cartrade Tech Ltd              | Cartrade Tech Ltd                                                    | CUSIP: 000000000<br>LEI: 984500F5CDO5D86C1326 | Long             | EC               | CORP              | IN        |    552644 | NS      | $15250279.33  | 3.19%             |  |  |  | No            |                  2 | On Loan: No      |
| BEIJING AIRPORT                | Beijing Capital International Airport Co Ltd                         | CUSIP: 000000000<br>LEI: 5299001QWQN7CK66FE04 | Long             | EC               | CORP              | CN        |   6484000 | NS      | $2313360.59   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| GE Vernova T&D India Ltd       | GE Vernova T&D India Ltd                                             | CUSIP: 000000000<br>LEI: 549300NMRD6VZDFLN355 | Long             | EC               | CORP              | IN        |     91264 | NS      | $3043032.73   | 0.64%             |  |  |  | No            |                  3 | On Loan: No      |
| Flat Glass Group Co Ltd        | Flat Glass Group Co Ltd                                              | CUSIP: 000000000<br>LEI: 300300BEL4RMXBKEA373 | Long             | EC               | CORP              | CN        |   2230000 | NS      | $3257358.60   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| C&C International Co Ltd       | C&C International Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    220865 | NS      | $6414516.83   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Silergy Corp                   | Silergy Corp                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    531000 | NS      | $4522318.00   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| AP Memory Technology Corp      | AP Memory Technology Corp                                            | CUSIP: 000000000<br>LEI: 529900A63PT4N736VY17 | Long             | EC               | CORP              | TW        |    173000 | NS      | $1942934.98   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| UNO Minda Ltd                  | UNO Minda Ltd                                                        | CUSIP: 000000000<br>LEI: 335800Y2G59FEIQRLG14 | Long             | EC               | CORP              | IN        |    300757 | NS      | $4401451.78   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Rainbow Children's Medicare Lt | Rainbow Children's Medicare Ltd                                      | CUSIP: 000000000<br>LEI: 894500O094S259NC7H64 | Long             | EC               | CORP              | IN        |    304650 | NS      | $4651742.56   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Tongcheng Travel Holdings Ltd  | Tongcheng Travel Holdings Ltd                                        | CUSIP: 000000000<br>LEI: 2549004WGGNOPL8NUL61 | Long             | EC               | CORP              | CN        |   1630400 | NS      | $4816319.91   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CTI                            | Centre Testing International Group Co Ltd                            | CUSIP: 000000000<br>LEI: 8368009FQ1ZOBVGD5Y61 | Long             | EC               | CORP              | CN        |   1924538 | NS      | $3487144.60   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Amber Enterprises India Ltd    | Amber Enterprises India Ltd                                          | CUSIP: 000000000<br>LEI: 3358009JZU4XT3666G06 | Long             | EC               | CORP              | IN        |     31090 | NS      | $2836357.11   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| AURAS Technology Co Ltd        | AURAS Technology Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    344000 | NS      | $9560109.53   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Inox Wind Ltd                  | Inox Wind Ltd                                                        | CUSIP: 000000000<br>LEI: 335800JZWDBRD7XG2Z98 | Long             | EC               | CORP              | IN        |   4862586 | NS      | $7677097.08   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Security Bank Corp             | Security Bank Corp                                                   | CUSIP: 000000000<br>LEI: 549300JSVDZIR2CPTP95 | Long             | EC               | CORP              | PH        |   1516930 | NS      | $1860975.98   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Elite Material Co Ltd          | Elite Material Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    321000 | NS      | $12991264.80  | 2.71%             |  |  |  | No            |                  3 | On Loan: No      |
| Medlive Technology Co Ltd      | Medlive Technology Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   2282000 | NS      | $3827059.70   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Yageo Corp                     | Yageo Corp                                                           | CUSIP: 000000000<br>LEI: 5493001P0TOZH7GGNQ21 | Long             | EC               | CORP              | TW        |    475000 | NS      | $2663710.09   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Wiwynn Corp                    | Wiwynn Corp                                                          | CUSIP: 000000000<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |     71000 | NS      | $7779557.70   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Co Ltd              | HD Hyundai Co Ltd                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     86332 | NS      | $9579559.11   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTRAL CHINA SECURITIES CO LT | Central China Securities Co Ltd                                      | CUSIP: 000000000<br>LEI: 529900XLC5JNS6K0M818 | Long             | EC               | CORP              | CN        |   4408000 | NS      | $1559332.94   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Theon International PLC        | Theon International PLC                                              | CUSIP: 000000000<br>LEI: 2138002Y6CEIWHLN8775 | Long             | EC               | CORP              | CY        |    111124 | NS      | $4248496.57   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| CONCH VENTURE                  | China Conch Venture Holdings Ltd                                     | CUSIP: 000000000<br>LEI: 836800AA0Q4R3O6ZDB17 | Long             | EC               | CORP              | CN        |   2129000 | NS      | $2997912.26   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortune Electric Co Ltd        | Fortune Electric Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    252500 | NS      | $4841707.16   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhihu Inc                      | Zhihu Inc                                                            | CUSIP: 98955N207<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   1710569 | NS      | $8672584.83   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Bladex                         | Banco Latinoamericano de Comercio Exterior SA                        | CUSIP: 000000000<br>LEI: 549300CN3134K4LC0651 | Long             | EC               | CORP              | PA        |    105796 | NS      | $4863442.12   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Phison Electronics Corp        | Phison Electronics Corp                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    114000 | NS      | $2650046.48   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Shriram Finance Ltd            | Shriram Finance Ltd                                                  | CUSIP: 000000000<br>LEI: 335800TM2YO24B76XL26 | Long             | EC               | CORP              | IN        |    793988 | NS      | $5505393.42   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Andes Technology Corp          | Andes Technology Corp                                                | CUSIP: 000000000<br>LEI: 549300HYC94K4ELRHM60 | Long             | EC               | CORP              | TW        |    857000 | NS      | $8690751.80   | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Poya International Co Ltd      | Poya International Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    175579 | NS      | $2705117.70   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| SNT Dynamics Co Ltd            | SNT Dynamics Co Ltd                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     55108 | NS      | $2846304.96   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Yuexiu Property Co Ltd         | Yuexiu Property Co Ltd                                               | CUSIP: 000000000<br>LEI: 529900GASK6R1FD08W10 | Long             | EC               | CORP              | HK        |   4967000 | NS      | $3322565.85   | 0.69%             |  |  |  | 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