# Portfolio overlap — GSAIX vs MCDFX

Comparing **Goldman Sachs China Equity Fund** (2026-04-30) and **Matthews China Dividend Fund** (2025-12-31).

- Shared positions: 13
- Goldman Sachs China Equity Fund covered by Matthews China Dividend Fund: 0.3008471287394656345231540449
- Matthews China Dividend Fund covered by Goldman Sachs China Equity Fund: 0.3008471287394656345231540449

## Goldman Sachs China Equity Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TENCENT HOLDINGS LTD | 0.081226 | ✓ |
| BABA-W | 0.070994 | ✓ |
| SIGENERGY TECHNOLOGY CO LTD CNY0.1 H | 0.037545 |  |
| Receive CONTEMPORARY A-A Pay Overnight Rate -1 | 0.037413 | ✓ |
| KWEICHOW MOUTAI CO LTD A | 0.030329 |  |
| CCB-H | 0.027214 | ✓ |
| CHINA CONST BA-A | 0.025328 |  |
| ZIJIN MINING-H | 0.023391 |  |
| ZHONGJI INNOLI-A | 0.022855 |  |
| PETROCHINA-H | 0.022177 | ✓ |
| NAURA TECH GR -A | 0.021169 |  |
| CHINA MERCH BK-A | 0.018513 |  |
| Receive CAMBRICON TECHNO Pay Overnight Rate -2 | 0.017256 |  |
| BANK OF NINGBO-A | 0.017227 |  |
| CHROMA ATE | 0.016707 |  |
| QINGHAI SALT-A | 0.016631 |  |
| SIEYUAN ELECTR-A | 0.015830 |  |
| GIGADEVICE SEM-A | 0.014438 |  |
| YUNNAN ALUM-A | 0.014359 |  |
| NETEASE INC | 0.013966 |  |
| JIANGSU HENGLI-A | 0.013884 |  |
| MONTAGE TECHNO-A | 0.013564 |  |
| PING AN-H | 0.012918 | ✓ |
| PING AN INSURA-A | 0.012731 |  |
| BANK OF JIANGS-A | 0.012693 |  |
| VICTORY GIANT -A | 0.012431 |  |
| Receive CHINA YANGTZE-A Pay Overnight Rate -1.25 | 0.012135 |  |
| WUXI APPTEC CO LTD H | 0.012082 |  |
| HUBEI DINGLONG-A | 0.011845 |  |
| ZHONGTIAN TECH-A | 0.011648 |  |
| BYD COMPANY LTD H | 0.011481 |  |
| BEONE MEDICINE-H | 0.011433 |  |
| SANY HEAVY IND-A | 0.011238 |  |
| PICC P&C-H | 0.011218 |  |
| JIANGSU HENGRU-A | 0.010837 |  |
| ACCTON TECH | 0.010744 |  |
| CHINA RESOURCES | 0.010544 |  |
| FOXCONN INDUST-A | 0.010378 |  |
| YUM CHINA HOLDINGS INC - XHKG LISTING | 0.010230 | ✓ |
| ANJI MICROELEC-A | 0.010075 |  |
| CHINA MERCHANTS BANK-H COMMON STOCK | 0.009989 | ✓ |
| BIDU-SW | 0.009981 | ✓ |
| MINTH GROUP LTD | 0.009314 | ✓ |
| ANTA SPORTS PROD | 0.009119 |  |
| HUAXIN CEMENT-A | 0.008515 |  |
| JENTECH | 0.008514 |  |
| CITIC SECURITI-A | 0.008390 |  |
| Receive EAST MONEY INF-A Pay Overnight Rate -2.75 | 0.007196 |  |
| H WORLD GP LTD | 0.006880 |  |
| JL MAG RARE EARTH CO LTD | 0.006778 |  |

## Matthews China Dividend Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TENCENT HOLDINGS LTD | 0.126068 | ✓ |
| BABA-W | 0.088199 | ✓ |
| PING AN-H | 0.047662 | ✓ |
| CHINA MERCHANTS BANK-H COMMON STOCK | 0.041217 | ✓ |
| CCB-H | 0.040376 | ✓ |
| EB ENVIRONMENT COMMON STOCK | 0.035532 |  |
| ANHUI EXPRESS-H | 0.034688 |  |
| PETROCHINA-H | 0.033780 | ✓ |
| WASION HOLDINGS | 0.030649 |  |
| Receive CONTEMPORARY A-A Pay Overnight Rate -1 | 0.030597 | ✓ |
| CHINA SUNTIEN-H | 0.027418 |  |
| MINTH GROUP LTD | 0.027151 | ✓ |
| WH GROUP LTD | 0.024290 |  |
| ICBC-H | 0.022643 |  |
| Mixue Group, Class H | 0.022375 |  |
| CHINA JUSHI CO-A | 0.022047 |  |
| TRIP.COM GROUP L | 0.021274 |  |
| KUAISHOU-W | 0.020723 |  |
| INNER MONG YIL-A | 0.019597 |  |
| SUNGROW POWER -A | 0.018724 | ✓ |
| BIDU-SW | 0.017870 | ✓ |
| BOC AVIATION LTD | 0.016883 |  |
| CSPC PHARMACEUTI | 0.016497 |  |
| ZTO Express (Cayman) Inc. SPONSORED ADS A | 0.016016 |  |
| GF SECURITIES-H | 0.015643 |  |
| AUTEL INTELLIG-A | 0.015479 |  |
| SHANGHAI CONAN-H | 0.015355 | ✓ |
| YUM CHINA HOLDINGS INC - XHKG LISTING | 0.015008 | ✓ |
| SHANXI XINGHUA-A | 0.014672 |  |
| HONGFA TECHNOL-A | 0.013187 |  |
| KANZHUN LTD CL A ADR | 0.013049 |  |
| GREENTOWN CHINA | 0.011421 |  |
| FULL TRUCK ALLIANCE CO LTD ADR | 0.011355 |  |
| Techtronic Industries Company Limited | 0.011149 |  |
| FOCUS MEDIA IN-A | 0.010059 |  |
| BEIJING YAN-A | 0.009963 |  |
| GIANT BIOGENE HO | 0.009104 |  |
| SUNEVISION HLDGS | 0.009094 |  |
| MAO GEPING COSME | 0.008863 | ✓ |
| AK MEDICAL HOLDI | 0.005347 |  |
| CHINA INTERNAT-H | 0.005120 |  |
| MEITU INC | 0.003856 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-024920` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/822977/000094040026024920/0000940400-26-024920-index.htm>
- N-PORT (fund B) — accession `0000940400-26-006753` (as of 2025-12-31)
  <https://www.sec.gov/Archives/edgar/data/923184/000094040026006753/0000940400-26-006753-index.htm>

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