NPORT-EX 2 NPORT_9U10_4906280867.htm

THE TAIWAN FUND, INC.

SCHEDULE OF INVESTMENTS / MAY 31, 2021 (SHOWING PERCENTAGE OF NET ASSETS) (unaudited)

		SHARES				US $ VALUE
COMMON STOCKS – 93.6%
CONSUMER DISCRETIONARY — 5.7%
Household Durables — 0.7%
Nien Made Enterprise Co., Ltd.			133,000			$	1,953,732
Leisure Products — 1.3%
Giant Manufacturing Co., Ltd.			230,000				2,744,363
Merida Industry Co., Ltd.			93,000				1,081,181
							3,825,544
Textiles, Apparel & Luxury Goods — 3.7%
Eclat Textile Co., Ltd.			282,000				6,556,839
Fulgent Sun International Holding Co., Ltd. (a)			853,877				3,755,267
							10,312,106
TOTAL CONSUMER DISCRETIONARY							16,091,382
ENERGY — 2.0%
Oil, Gas & Consumable Fuels — 2.0%
Formosa Petrochemical Corp.			1,546,000				5,573,079
TOTAL ENERGY							5,573,079
FINANCIALS — 0.9%
Insurance — 0.9%
Fubon Financial Holding Co., Ltd.			952,000				2,481,195
TOTAL FINANCIALS							2,481,195
HEALTHCARE — 4.6%
Health Care Equipment & Supplies — 3.2%
Pegavision Corp. (a)			492,000				9,133,938
Health Care Providers & Services — 1.4%
Universal Vision Biotechnology Co., Ltd.			354,000				3,879,382
TOTAL HEALTHCARE							13,013,320
INDUSTRIALS — 20.7%
Building Products — 1.6%
Taiwan Glass Industrial Corp. *			3,746,000				4,442,725
Electrical Equipment — 0.9%
Advanced Energy Solution Holding Co., Ltd. *			86,000				2,486,329
Machinery — 2.1%
Airtac International Group			166,000				5,972,062
Marine — 16.1%
Evergreen Marine Corp. Taiwan Ltd. *			5,993,000				21,301,339
U-Ming Marine Transport Corp.			2,953,000				6,365,761
Wisdom Marine Lines Co., Ltd.			3,916,000				9,514,551
Yang Ming Marine Transport Corp. *			2,184,000				8,069,790
							45,251,441
TOTAL INDUSTRIALS							58,152,557

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THE TAIWAN FUND, INC.

SCHEDULE OF INVESTMENTS / MAY 31, 2021 (SHOWING PERCENTAGE OF NET ASSETS) (continued) (unaudited)

		SHARES				US $ VALUE
INFORMATION TECHNOLOGY — 50.9%
Communications Equipment — 2.9%
Accton Technology Corp.			729,000			$	8,080,875
Electronic Equipment, Instruments & Components — 12.2%
Co-Tech Development Corp.			1,544,000				4,430,432
Gold Circuit Electronics Ltd. *			1,613,000				3,209,661
Innolux Corp. (a)			11,666,000				10,240,158
Lotes Co., Ltd.			63,000				1,346,731
Nan Ya Printed Circuit Board Corp.			750,000				8,935,492
Sensortek Technology Corp. (a)			213,000				4,852,688
Unimicron Technology Corp.			321,000				1,301,797
							34,316,959
Semiconductors & Semiconductor Equipment — 35.8%
Alchip Technologies Ltd.			23,000				483,373
ASMedia Technology, Inc.			49,000				2,667,219
eMemory Technology, Inc.			107,000				3,633,460
Globalwafers Co., Ltd.			222,000				6,714,299
Kinsus Interconnect Technology Corp.			1,198,000				4,728,862
Macronix International Co., Ltd. (a)			1,571,000				2,389,870
MediaTek, Inc.			107,000				3,837,891
Novatek Microelectronics Corp.			215,000				4,138,714
Parade Technologies Ltd.			34,000				1,875,237
Silergy Corp.			81,000				10,745,300
Taiwan Semiconductor Manufacturing Co., Ltd.			2,283,000				49,132,171
United Microelectronics Corp.			4,025,000				7,690,020
Winbond Electronics Corp.			2,134,000				2,627,065
							100,663,481
TOTAL INFORMATION TECHNOLOGY							143,061,315
MATERIALS — 8.8%
Chemicals — 4.7%
Formosa Chemicals & Fibre Corp.			719,000				2,218,648
Formosa Plastics Corp.			1,661,000				6,197,202
Nan Ya Plastics Corp.			1,590,000				4,837,548
							13,253,398
Construction Materials — 0.9%
Taiwan Cement Corp.			1,391,000				2,587,394
Metals & Mining — 3.2%
China Steel Corp.			3,666,000				4,883,066
Chung Hung Steel Corp. *			2,070,000				3,910,096
							8,793,162
TOTAL MATERIALS							24,633,954
TOTAL COMMON STOCKS (Cost — $166,299,884)							263,006,802

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THE TAIWAN FUND, INC.

SCHEDULE OF INVESTMENTS / MAY 31, 2021 (SHOWING PERCENTAGE OF NET ASSETS) (continued) (unaudited)

		US $ VALUE
TOTAL INVESTMENTS — 93.6% (Cost — $166,299,884)		$	263,006,802
OTHER ASSETS AND LIABILITIES, NET—6.4%			18,002,278
NET ASSETS—100.0%		$	281,009,080

Legend:

US $ – United States dollar

*	Non-income producing
(a)	All or a portion of the security is on loan. The market value of the securities on loan on May 31, 2021 is $8,079,479, collateralized by U.S. Government securities in the amount of $8,595,450.

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