Xtrackers Harvest CSI 300 China A-Shares ETF
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
14.3%
1 yr return
13.0%
3 Yr Avg Return
-9.3%
5 Yr Avg Return
0.4%
Net Assets
$1.68 B
Holdings in Top 10
17.0%
52 WEEK LOW AND HIGH
$27.4
$21.61
$35.44
Expenses
OPERATING FEES
Expense Ratio 0.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 78.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
ASHR - Profile
Distributions
- YTD Total Return 14.3%
- 3 Yr Annualized Total Return -9.3%
- 5 Yr Annualized Total Return 0.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.79%
- Dividend Yield 2.2%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameXtrackers Harvest CSI 300 China A-Shares ETF
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Fund Family NameXTRACKERS
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Inception DateNov 06, 2013
-
Shares Outstanding54250001
-
Share ClassN/A
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CurrencyUSD
-
Domiciled CountryUS
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ManagerKevin Sung
Fund Description
The fund, using a “passive” or indexing investment approach, seeks investments results that correspond generally to the performance, before fees and expense, of the CSI 300 Index (the “Underlying Index”), which is designed to reflect the price fluctuation and performance of the China A-Share market and is composed of the 300 largest and most liquid stocks in the China A-Share market. DBX Advisors LLC (the “Advisor”) expects that, over time, the correlation between the fund’s performance and that of the Underlying Index, before fees and expenses, will be 95% or better. A figure of 100% would indicate perfect correlation.A-Shares are equity securities issued by companies incorporated in mainland China and are denominated and traded in renminbi (“RMB”) on stock exchanges in mainland China including the Shenzhen, Shanghai and Beijing Stock Exchanges. Under current regulations in the People’s Republic of China (“China” or the “PRC”), foreign investors can invest in the domestic PRC securities markets through certain market-access programs. These programs include the Shanghai - Hong Kong and Shenzhen - Hong Kong Stock Connect programs (“Stock Connect”) and the Qualified Foreign Investor (“QFI”, including Qualified Foreign Institutional Investor (“QFII”) and Renminbi Qualified Foreign Institutional Investor (“RQFII”)) program, where investors will be required to obtain a license from the China Securities Regulatory Commission (“CSRC”) to participate in the program.Stock Connect is a securities trading and clearing program between either the Shanghai Stock Exchange or Shenzhen Stock Exchange and The Stock Exchange of Hong Kong Limited (“SEHK”), China Securities Depository and Clearing Corporation Limited and Hong Kong Securities Clearing Company Limited. Stock Connect is designed to permit mutual stock market access between mainland China and Hong Kong by allowing investors to trade and settle eligible securities (including A-shares and ETFs) on each market via their local exchanges. Trading through Stock Connect is subject to a daily quota (“Daily Quota”), which limits the maximum daily net purchases on any particular day by Hong Kong investors (and foreign investors trading through Hong Kong) trading PRC listed securities and PRC investors trading Hong Kong listed securities through the relevant Stock Connect. Accordingly, the fund’s direct investments in A-Shares will be limited in part by the Daily Quota that limits total purchases through Stock Connect.Harvest Global Investments Limited (the “Subadvisor” or “HGI”) is a licensed RQFII and is regarded as a QFI under the prevailing rules and regulations in the PRC, and the fund may therefore invest in A-Shares via HGI’s QFI license. The Subadvisor, on behalf of the fund, thus also may invest in A-Shares and other permitted China securities listed on the Shanghai and Shenzhen Stock Exchanges. QFIs have also registered with China’s State Administration of Foreign Exchange (“SAFE”) to remit foreign currencies which can be traded on the China Foreign Exchange Trade System (in the case of a QFII) and RMB (in the case of an RQFII) in the PRC for the purpose of investing in the PRC’s domestic securities markets. Investment companies are not currently within the types of entities that are eligible for a QFI license.The Subadvisor expects to use a full replication indexing strategy to seek to track the Underlying Index. As such, the Subadvisor expects to invest directly in the component securities of the Underlying Index in substantially the same weightings in which they are represented in the Underlying Index. If it is not possible for the Subadvisor to acquire component securities due to limited availability or regulatory restrictions, the Subadvisor may use a representative sampling indexing strategy to seek to track the Underlying Index instead of a full replication indexing strategy. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the Underlying Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield), and liquidity measures similar to those of the Underlying Index. The fund may or may not hold all of the securities in the Underlying Index when the Subadvisor is using a representative sampling indexing strategy.The fund will normally invest at least 80% of its total assets in securities of issuers that comprise the Underlying Index. The fund will seek to achieve its investment objective by primarily investing directly in A-Shares. The fund intends to invest directly in A-Shares through Stock Connect and/or via the Subadvisor’s QFI license. While the fund intends to invest primarily and directly in A-Shares, the fund also may invest in securities of issuers not included in the Underlying Index, certain derivative instruments (see “Derivatives” subsection) and other pooled investment vehicles, including affiliated and/or foreign investment companies, that the Advisor and/or Subadvisor believes will help the fund to achieve its investment objective. The remainder of the fund’s assets will be invested primarily in money market instruments and cash equivalents. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in A-Shares of Chinese issuers or in derivative instruments and other securities that provide investment exposure to A-Shares of Chinese issuers. The fund may invest in depositary receipts.As of July 31, 2024, the Underlying Index consisted of 300 securities with an average market capitalization of approximately $21.60 billion and a minimum market capitalization of approximately $2.38 billion. Under normal circumstances, the Underlying Index is reconstituted semi-annually every June and December. The fund changes its portfolio in accordance with the Underlying Index, and, therefore, any changes to the Underlying Index’s reconstitution schedule will result in corresponding changes to the fund’s schedule of portfolio changes. Any changes made to the Underlying Index in between scheduled reconstitutions (e.g., in the event of a corporate action) also will result in corresponding changes to the fund’s portfolio.The fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to the extent that the Underlying Index is concentrated. As of July 31, 2024, a significant percentage of the Underlying Index was comprised of issuers in the financials, information technology and industrials sectors. The fund’s exposure to particular sectors may change over time to correspond to changes in the Underlying Index.The fund may become “non-diversified,” as defined under the Investment Company Act of 1940, as amended, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the index that the fund is designed to track. Shareholder approval will not be sought when the fund crosses from diversified to non-diversified status under such circumstances.Shares of the fund are not sponsored, endorsed, sold or promoted by China Securities Index Co., Ltd.(the “Index Provider” or “CSI”) or any affiliate of CSI and CSI bears no liability with respect to the fund or any security.Derivatives. The fund may invest in derivatives, which are financial instruments whose performance is derived, at least in part, from the performance of an underlying asset, security or index. In particular, portfolio management may use futures contracts, stock index futures, options on futures, swap contracts and other types of derivatives in seeking performance that corresponds to its Underlying Index and will not use such instruments for speculative purposes.
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ASHR - Performance
Return Ranking - Trailing
| Period | ASHR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.3% | -14.0% | 32.3% | 45.65% |
| 1 Yr | 13.0% | -17.0% | 38.8% | 55.43% |
| 3 Yr | -9.3%* | -21.6% | 6.1% | 27.91% |
| 5 Yr | 0.4%* | -12.7% | 14.9% | 34.78% |
| 10 Yr | 3.9%* | -4.2% | 9.7% | 25.49% |
* Annualized
Return Ranking - Calendar
| Period | ASHR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -14.7% | -26.6% | 26.3% | 33.33% |
| 2022 | -28.3% | -41.6% | -9.4% | 53.33% |
| 2021 | -2.4% | -52.5% | 26.5% | 19.54% |
| 2020 | 35.2% | 1.3% | 138.5% | 56.00% |
| 2019 | 35.2% | -1.9% | 42.6% | 8.22% |
Total Return Ranking - Trailing
| Period | ASHR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.3% | -14.0% | 32.3% | 45.65% |
| 1 Yr | 13.0% | -17.0% | 38.8% | 55.43% |
| 3 Yr | -9.3%* | -21.6% | 6.1% | 27.91% |
| 5 Yr | 0.4%* | -12.7% | 14.9% | 34.78% |
| 10 Yr | 3.9%* | -4.2% | 9.7% | 25.49% |
* Annualized
Total Return Ranking - Calendar
| Period | ASHR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -12.5% | -25.7% | 30.1% | 30.21% |
| 2022 | -27.5% | -40.4% | -6.8% | 61.11% |
| 2021 | -1.6% | -48.9% | 29.5% | 29.89% |
| 2020 | 36.3% | 2.0% | 138.5% | 56.00% |
| 2019 | 36.5% | 7.8% | 44.4% | 12.33% |
ASHR - Holdings
Concentration Analysis
| ASHR | Category Low | Category High | ASHR % Rank | |
|---|---|---|---|---|
| Net Assets | 1.68 B | 1.06 M | 5.63 B | 5.21% |
| Number of Holdings | 553 | 27 | 1176 | 5.21% |
| Net Assets in Top 10 | 191 M | 477 K | 3.28 B | 17.71% |
| Weighting of Top 10 | 17.02% | 5.6% | 85.4% | 98.96% |
Top 10 Holdings
- Kweichow Moutai Co Ltd 3.74%
- Contemporary Amperex Technology Co Ltd 1.93%
- Midea Group Co Ltd 1.84%
- China Merchants Bank Co Ltd 1.69%
- Ping An Insurance Group Co of China Ltd 1.68%
- Kweichow Moutai Co Ltd 1.61%
- China Yangtze Power Co Ltd 1.45%
- Ping An Insurance Group Co of China Ltd 1.10%
- Zijin Mining Group Co Ltd 1.00%
- Wuliangye Yibin Co Ltd 0.99%
Asset Allocation
| Weighting | Return Low | Return High | ASHR % Rank | |
|---|---|---|---|---|
| Stocks | 99.87% | 51.72% | 100.63% | 4.17% |
| Cash | 0.13% | 0.00% | 33.85% | 97.92% |
| Preferred Stocks | 0.00% | 0.00% | 2.47% | 43.75% |
| Other | 0.00% | -0.02% | 47.32% | 44.79% |
| Convertible Bonds | 0.00% | 0.00% | 0.15% | 43.48% |
| Bonds | 0.00% | 0.00% | 0.00% | 38.54% |
ASHR - Expenses
Operational Fees
| ASHR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | 14.63% | 88.54% |
| Management Fee | 0.65% | 0.09% | 1.50% | 15.63% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.06% | 0.25% | N/A |
Sales Fees
| ASHR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| ASHR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| ASHR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 78.00% | 4.00% | 241.00% | 81.01% |
ASHR - Distributions
Dividend Yield Analysis
| ASHR | Category Low | Category High | ASHR % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.16% | 0.00% | 8.89% | 17.71% |
Dividend Distribution Analysis
| ASHR | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| ASHR | Category Low | Category High | ASHR % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.79% | -1.76% | 3.66% | 19.57% |
Capital Gain Distribution Analysis
| ASHR | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2023 | $0.593 | OrdinaryDividend |
| Dec 16, 2022 | $0.316 | OrdinaryDividend |
| Dec 17, 2021 | $0.345 | OrdinaryDividend |
| Dec 18, 2020 | $0.325 | OrdinaryDividend |
| Dec 18, 2019 | $0.290 | OrdinaryDividend |
| Dec 07, 2018 | $0.289 | CapitalGainLongTerm |
| Dec 19, 2017 | $0.262 | OrdinaryDividend |
| Dec 21, 2016 | $0.171 | OrdinaryDividend |
| Dec 16, 2015 | $6.759 | CapitalGainShortTerm |
| Dec 16, 2015 | $1.341 | CapitalGainLongTerm |
| Dec 16, 2015 | $0.328 | OrdinaryDividend |
| Dec 19, 2014 | $0.102 | OrdinaryDividend |
ASHR - Fund Manager Analysis
Managers
Kevin Sung
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
Mr. Sung joined HGI in April 2018. He has eight years of financial industry experience. Before joining HGI, he was a portfolio manager in DWS and Creditease. Prior to that, he worked in Value Partners Limited (Hong Kong) to develop quantitative strategy and managed ETF and quantitative portfolios. He earned a MSc degree in Financial Mathematics and Statistics from Hong Kong University of Science and Technology, as well as a MPhil degree and a BSc degree in Physics from The Chinese University of Hong Kong. He is a CFA Charterholder and FRM holder.
Vicky Hsu
Start Date
Tenure
Tenure Rank
Dec 02, 2021
0.49
0.5%
employee of HGI. Portfolio Manager of the fund. Began managing the fund in 2021. ■Joined HGI in 2021, with four years of financial industry experience. Prior to joining HGI, she was a research analyst at Premia Partners covering qualitative and quantitative research, investment analysis and risk management on various equity and fixed income ETF strategies. Prior to that, she worked at DBS Bank (Taiwan) and was responsible for corporate banking, investment advisory and credit analysis.■BSc in Money and Banking, with Mathematical Finance Program and Business Economics Program, from National Chengchi University (Taiwan).
West Wang
Start Date
Tenure
Tenure Rank
May 06, 2022
0.07
0.1%
West Wang, CFA, employee of HGI. Portfolio Manager of the fund. Began managing the fund in 2022. Joined HGI in 2022, with four years of financial industry experience. Prior to joining HGI, he was a data analyst at Bloomberg, where he managed peer group indices for global Bloomberg Intelligence team (BI), and supported equity research and financial modeling focusing on the Asian market. Prior to that, he worked as a technical account manager at Bloomberg. MSc in Applied Economics from City University of Hong Kong; BSc in Electronic Information Science and Technology from Beijing University of Posts and Telecommunications (BUPT). He is a CFA Charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 24.1 | 3.67 | 3.22 |