MATTHEWS INTL FDS

Ticker: EMSF CUSIP: 577130628 Class: EMERGING MARKETS

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Increased Positions (6)

First Pacific Financial

Value ($000) $13,620 (+1.3%) Shares 480,235 (+4.5%)

BSW Wealth Partners

Value ($000) $1,479 (+123.1%) Shares 52,158 (+130.0%)

PFG Investments, LLC

Value ($000) $447 (+92.8%) Shares 15,756 (+98.8%)

Value ($000) $870 (+108.2%) Shares 30,665 (+114.7%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $668 (+11.3%) Shares 23,558 (+14.7%)

Addison Advisors LLC

Value ($000) $20 (+31.2%) Shares 690 (+35.3%)

Institution	Prev Shares	Curr Shares	Change
First Pacific Financial	459,703	480,235	+20,532 (+4.5%)
BSW Wealth Partners	22,677	52,158	+29,481 (+130.0%)
PFG Investments, LLC	7,925	15,756	+7,831 (+98.8%)
MORGAN STANLEY	14,286	30,665	+16,379 (+114.7%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	20,532	23,558	+3,026 (+14.7%)
Addison Advisors LLC	510	690	+180 (+35.3%)

Decreased Positions (3)

LongView Asset Management LLC

Value ($000) $359 (-21.5%) Shares 12,673 (-19.0%)

Adviser Investments LLC

Value ($000) $3,188 (-7.7%) Shares 112,395 (-4.9%)

CITADEL ADVISORS LLC

Value ($000) $414 (-67.1%) Shares 14,608 (-66.1%)

Institution	Prev Shares	Curr Shares	Change
LongView Asset Management LLC	15,650	12,673	-2,977 (-19.0%)
Adviser Investments LLC	118,129	112,395	-5,734 (-4.9%)
CITADEL ADVISORS LLC	43,116	14,608	-28,508 (-66.1%)

Exited Positions (3)

OLD MISSION CAPITAL LLC

Value ($000) $1,134 Shares 38,769

JANE STREET GROUP, LLC

Value ($000) $336 Shares 11,486

Value ($000) $44 Shares 1,490

Institution	Prev Shares	Prev Value ($000)
OLD MISSION CAPITAL LLC	38,769	$1,134
JANE STREET GROUP, LLC	11,486	$336
UBS Group AG	1,490	$44