The Taiwan Fund, Inc.

Portfolio Holdings

As at May 31, 2020

Sector Market Value % of net assets
Information Technology 128,647,064.77 73.27
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 29,817,552.04 16.98
SILERGY CORP 8,686,761.03 4.95
GLOBAL LIGHTING TECHNOLOGIES 6,863,147.38 3.91
MEDIATEK INC 6,291,557.04 3.58
ACCTON TECHNOLOGY CORP 5,646,394.67 3.22
TAIWAN SURFACE MOUNTING TECHNOLOGY CORP 5,411,340.55 3.08
ZHEN DING TECHNOLOGY HOLDING LTD 4,708,359.70 2.68
LARGAN PRECISION CO LTD 4,598,168.19 2.62
UNIMICRON TECHNOLOGY CORP 4,528,862.61 2.58
EPISTAR CORP 4,420,716.07 2.52
PARADE TECHNOLOGIES LTD 4,267,776.85 2.43
ASMEDIA TECHNOLOGY INC 3,288,759.37 1.87
DELTA ELECTRONICS INC 3,281,665.28 1.87
UNITED MICROELECTRONICS CORP 3,177,991.67 1.81
BRAVE C&H SUPPLY CO LTD 2,975,287.26 1.69
CHAUN-CHOUNG TECHNOLOGY CORP 2,772,323.06 1.58
ELITE MATERIAL CO LTD 2,525,062.45 1.44
TXC CORP 2,152,496.25 1.23
YAGEO CORP 2,085,412.16 1.19
NANYA TECHNOLOGY CORP 2,043,457.12 1.16
SINO-AMERICAN SILICON PRODUCTS 1,856,885.93 1.06
GENERAL INTERFACE SOLUTION HOLDING LTD 1,806,927.56 1.03
SPEED TECH CORP 1,779,030.81 1.01
KINGPAK TECHNOLOGY INC 1,765,557.37 1.01
JENTECH PRECISION INDUSTRIAL CO LTD 1,686,877.60 0.96
CASETEK HOLDINGS LTD 1,527,227.31 0.87
AU OPTRONICS CORP 1,489,997.00 0.85
FLEXIUM INTERCONNECT INC 1,434,621.15 0.82
KINSUS INTERCONNECT TECHNOLOGY CORP 1,180,296.42 0.67
FITTECH CO LTD 1,012,256.45 0.58
ALCHIP TECHNOLOGIES LTD 879,267.28 0.50
MICRO-STAR INTERNATIONAL CO LTD 851,057.45 0.48
M31 TECHNOLOGY CORP 822,814.32 0.47
SIMPLO TECHNOLOGY CO LTD 511,573.69 0.29
ADVANCED CERAMIC X CORP 499,583.68 0.28
Consumer Discretionary 14,290,417.99 8.14
POYA INTERNATIONAL CO LTD 4,196,636.14 2.39
FENG TAY ENTERPRISE CO LTD 2,308,842.63 1.31
MAKALOT INDUSTRIAL CO LTD 1,788,909.24 1.02
GIANT MANUFACTURING CO LTD 1,557,535.39 0.89
GLOBAL PMX CO LTD 1,413,821.82 0.81
YULON MOTOR CO LTD 1,180,416.32 0.67
FULGENT SUN INTERNATIONAL HOLDING CO LTD 1,034,767.69 0.59
ACTRON TECHNOLOGY CORP 809,488.76 0.46
Materials 5,328,283.10 3.03
TAIWAN CEMENT CORP 2,454,507.91 1.40
FORMOSA PLASTICS CORP 1,849,358.87 1.05
NAN YA PLASTICS CORP 1,024,416.32 0.58
Real Estate 2,855,187.34 1.63
KINDOM DEVELOPMENT CO LTD 2,855,187.34 1.63
Industrials 2,170,707.74 1.24
SHIN ZU SHING CO LTD 2,170,707.74 1.24
Consumer Staples 2,170,046.16 1.24
UNI-PRESIDENT ENTERPRISES CORP 2,170,046.16 1.24
Financials 1,836,294.75 1.05
MEGA FINANCIAL HOLDING CO LTD 1,836,294.75 1.05
Energy 1,378,664.45 0.79
FORMOSA PETROCHEMICAL CORP 1,378,664.45 0.79