| Matthews Japan Active ETF | March 31, 2024 |
| COMMON EQUITIES: 96.4% | ||
| Shares | Value | |
| Information Technology: 20.8% | ||
| Semiconductors & Semiconductor Equipment: 8.6% | ||
| Tokyo Electron, Ltd. | 400 | $103,763 |
| Renesas Electronics Corp. | 3,900 | 69,164 |
| Disco Corp. | 100 | 36,466 |
| 209,393 | ||
| IT Services: 5.5% | ||
| NEC Corp. | 1,000 | 72,781 |
| OBIC Co., Ltd. | 400 | 60,299 |
| 133,080 | ||
| Electronic Equipment, Instruments & Components: 3.8% | ||
| Keyence Corp. | 200 | 92,623 |
| Technology Hardware, Storage & Peripherals: 2.8% | ||
| FUJIFILM Holdings Corp. | 3,000 | 67,158 |
| Software: 0.1% | ||
| Appier Group, Inc.a | 200 | 2,062 |
| Total Information Technology | 504,316 | |
| Consumer Discretionary: 19.6% | ||
| Broadline Retail: 4.9% | ||
| Pan Pacific International Holdings Corp. | 2,300 | 60,864 |
| Isetan Mitsukoshi Holdings, Ltd. | 3,600 | 58,278 |
| 119,142 | ||
| Automobiles: 4.4% | ||
| Toyota Motor Corp. | 2,600 | 65,384 |
| Suzuki Motor Corp. | 3,600 | 40,937 |
| 106,321 | ||
| Specialty Retail: 3.8% | ||
| Fast Retailing Co., Ltd. | 200 | 61,726 |
| ZOZO, Inc. | 1,200 | 29,710 |
| 91,436 | ||
| Textiles, Apparel & Luxury Goods: 2.5% | ||
| Asics Corp. | 900 | 42,257 |
| Goldwin, Inc. | 300 | 19,037 |
| 61,294 | ||
| Automobile Components: 2.5% | ||
| Denso Corp. | 2,500 | 47,656 |
| Yokohama Rubber Co., Ltd. | 500 | 13,433 |
| 61,089 | ||
| Hotels, Restaurants & Leisure: 1.5% | ||
| Kyoritsu Maintenance Co., Ltd. | 1,600 | 36,579 |
| Total Consumer Discretionary | 475,861 | |
| Industrials: 18.3% | ||
| Trading Companies & Distributors: 5.9% | ||
| Mitsubishi Corp. | 3,200 | 73,644 |
| ITOCHU Corp. | 1,600 | 68,336 |
| 141,980 | ||
| Shares | Value | |
| Industrial Conglomerates: 5.3% | ||
| Hitachi, Ltd. | 1,000 | $90,885 |
| Hikari Tsushin, Inc. | 200 | 37,438 |
| 128,323 | ||
| Electrical Equipment: 2.9% | ||
| GS Yuasa Corp. | 1,800 | 37,322 |
| Mitsubishi Electric Corp. | 2,000 | 33,321 |
| 70,643 | ||
| Professional Services: 1.8% | ||
| Recruit Holdings Co., Ltd. | 1,000 | 43,800 |
| Construction & Engineering: 1.6% | ||
| Kajima Corp. | 1,900 | 38,855 |
| Machinery: 0.8% | ||
| THK Co., Ltd. | 800 | 18,712 |
| Total Industrials | 442,313 | |
| Financials: 12.6% | ||
| Insurance: 3.9% | ||
| Tokio Marine Holdings, Inc. | 3,000 | 93,660 |
| Financial Services: 3.4% | ||
| ORIX Corp. | 3,800 | 82,807 |
| Banks: 3.2% | ||
| Mitsubishi UFJ Financial Group, Inc. | 7,600 | 77,082 |
| Consumer Finance: 2.1% | ||
| Credit Saison Co., Ltd. | 2,500 | 51,323 |
| Total Financials | 304,872 | |
| Materials: 7.5% | ||
| Chemicals: 5.8% | ||
| Shin-Etsu Chemical Co., Ltd. | 2,400 | 104,757 |
| Mitsui Chemicals, Inc. | 1,200 | 35,093 |
| 139,850 | ||
| Construction Materials: 0.9% | ||
| Taiheiyo Cement Corp. | 1,000 | 22,967 |
| Metals & Mining: 0.8% | ||
| Nippon Steel Corp. | 800 | 19,183 |
| Total Materials | 182,000 | |
| Consumer Staples: 5.3% | ||
| Food Products: 2.4% | ||
| Ajinomoto Co., Inc. | 1,600 | 59,541 |
| Household Products: 1.6% | ||
| Unicharm Corp. | 1,200 | 38,209 |
| Consumer Staples Distribution & Retail: 1.3% | ||
| Trial Holdings, Inc.a | 1,800 | 31,339 |
| Total Consumer Staples | 129,089 | |
| Matthews Japan Active ETF | March 31, 2024 |
| COMMON EQUITIES (continued) | ||
| Shares | Value | |
| Health Care: 5.1% | ||
| Pharmaceuticals: 2.7% | ||
| Daiichi Sankyo Co., Ltd. | 1,100 | $34,873 |
| Sawai Group Holdings Co., Ltd. | 800 | 31,250 |
| 66,123 | ||
| Health Care Equipment & Supplies: 2.4% | ||
| Terumo Corp. | 3,200 | 58,346 |
| Total Health Care | 124,469 | |
| Real Estate: 4.2% | ||
| Real Estate Management & Development: 4.2% | ||
| Mitsui Fudosan Co., Ltd. | 6,000 | 64,363 |
| Mitsubishi Estate Co., Ltd. | 2,100 | 38,089 |
| Total Real Estate | 102,452 | |
| Communication Services: 3.0% | ||
| Entertainment: 1.5% | ||
| Capcom Co., Ltd. | 2,000 | 37,345 |
| Wireless Telecommunication Services: 1.5% | ||
| SoftBank Group Corp. | 600 | 35,530 |
| Total Communication Services | 72,875 | |
| TOTAL COMMON EQUITIES | 2,338,247 | |
| (Cost $2,084,708) | ||
| SHORT-TERM INVESTMENTS: 2% | ||
| Shares | Value | |
| Money Market Funds: 2% | ||
| JPMorgan U.S. Government Money Market Fund, Capital Shares, 5.20%b | 47,817 | $47,817 |
| (Cost $47,817) | ||
| Total Investments: 98.4% | 2,386,064 | |
| (Cost $2,132,525) | ||
| CASH AND OTHER ASSETS, LESS LIABILITIES: 1.6% | 39,678 | |
| Net Assets: 100.0% | $2,425,742 | |
| a | Non-income producing security. |
| b | Rate shown is the current yield as of March 31, 2024. |