The Taiwan Fund, Inc.

Portfolio Holdings

As at June 30, 2019

Sector Market Value % of net assets
Information Technology 85,429,387.80 56.26
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 26,732,110.95 17.61
MEDIATEK INC 6,975,643.52 4.59
DELTA ELECTRONICS INC 5,436,017.97 3.58
ASE TECHNOLOGY HOLDING CO LTD 4,900,674.51 3.23
CHROMA ATE INC 4,811,861.11 3.17
GLOBALWAFERS CO LTD 4,313,559.46 2.84
MERRY ELECTRONICS CO LTD 3,128,106.51 2.06
ACCTON TECHNOLOGY CORP 3,010,238.41 1.98
NOVATEK MICROELECTRONICS CORP 2,790,547.18 1.84
ADVANCED WIRELESS SEMICONDUCTOR CO 2,558,444.28 1.69
WISTRON NEWEB CORP 2,477,998.94 1.63
SILERGY CORP 2,349,039.75 1.55
WIWYNN CORP 2,162,462.37 1.42
INVENTEC CORP 2,019,929.49 1.33
LARGAN PRECISION CO LTD 1,861,749.22 1.23
CHIPBOND TECHNOLOGY CORP 1,774,513.43 1.17
RICHWAVE TECHNOLOGY CORP 1,476,920.10 0.97
UNIMICRON TECHNOLOGY CORP 1,315,370.50 0.87
PHISON ELECTRONICS CORP 1,220,946.89 0.80
KINGPAK TECHNOLOGY INC 1,187,945.72 0.78
PARADE TECHNOLOGIES LTD 1,155,974.82 0.76
ASPEED TECHNOLOGY INC 765,533.51 0.50
PIXART IMAGING INC 744,506.51 0.49
GLOBAL LIGHTING TECHNOLOGIES 259,292.65 0.17
Financials 16,841,056.68 11.09
FUBON FINANCIAL HOLDING CO LTD 5,498,840.93 3.62
CTBC FINANCIAL HOLDING CO LTD 5,467,502.70 3.60
CHAILEASE HOLDING CO LTD 3,826,515.24 2.52
CHINA LIFE INSURANCE CO LTD, TAIWAN 2,048,197.81 1.35
Materials 13,100,354.32 8.63
FORMOSA PLASTICS CORP 7,015,357.62 4.62
TAIWAN CEMENT CORP 4,236,045.49 2.79
YEONG GUAN ENERGY TECHNOLOGY GROUP CO LTD 1,848,951.21 1.22
Consumer Discretionary 9,254,672.48 6.09
NIEN MADE ENTERPRISE CO LTD 2,841,739.24 1.87
POYA INTERNATIONAL CO LTD 1,703,826.53 1.12
GIANT MANUFACTURING CO LTD 1,642,975.58 1.08
GLOBAL PMX CO LTD 1,398,943.96 0.92
GOURMET MASTER CO LTD 849,079.99 0.56
MAKALOT INDUSTRIAL CO LTD 818,107.18 0.54
Industrials 7,060,279.78 4.65
BIZLINK HOLDING INC 2,623,512.93 1.73
HIWIN TECHNOLOGIES CORP 2,532,035.61 1.67
AIRTAC INTERNATIONAL GROUP 1,904,731.24 1.25
Consumer Staples 6,542,158.97 4.31
UNI-PRESIDENT ENTERPRISES CORP 2,763,798.08 1.82
PRESIDENT CHAIN STORE CORP 1,693,121.27 1.12
GREAT WALL ENTERPRISE CO LTD 1,047,000.11 0.69
CHAROEN POKPHAND ENTERPRISE 1,038,239.51 0.68
Energy 2,860,380.88 1.88
FORMOSA PETROCHEMICAL CORP 2,860,380.88 1.88
Health Care 2,580,369.94 1.70
GINKO INTERNATIONAL CO LTD 2,580,369.94 1.70