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CNHX CSOP MSCI China A International Hedged ETF

CNHX
NAV $28.70
Chg $0.04
Chg% 0.15%
Price $28.52
Chg $0.16
Chg% 0.57%
Updated: Dec. 11, 2019

Performance

Monthly 1m 3m 6m 1y Since Inception
Market Price -1.36% -0.31% 5.84% 20.45% -1.80%
Benchmark -1.46% 0.25% 5.94% 22.62% -8.88%

As of: Nov. 29, 2019

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the ETF shares will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Total Returns (Net Asset Value) are calculated using the daily 4:00pm net asset value (NAV). Market price returns above reflect the closing trade price on the exchange where ETF shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. Brokerage commissions will reduce returns. Returns for actual ETF investments may differ from what is shown on the website because of differences in timing, the amount invested, and fees and expenses. Month-end and quarter-end values represent total return, and are not annualized for periods less than one year

The performance chart is calculated on NAV to NAV basis with dividend reinvested. To access current return information, please call 844-209-2937.

The CSOP MSCI China A International Hedged Exchange Traded Fund (“ETF”) (the “Fund”) seeks to provide investment results that, before fees and expenses, track the performance of the MSCI China A International with CNH 100% Hedged to USD Index.

*ETF inception date: October 20, 2015

  • China A-share Exposure Gain exposure to China’s onshore A-share market, the 2nd largest equities market in the world. Though the A-shares market was previously limited due to investment restrictions, this ETF allows for easy and efficient trading through both Renminbi Qualified Foreign Institutional Investor (“RQFII”) and Shanghai – Hong Kong Stock Connect programs.
  • Currency Hedged: Hedges Renminbi exposure (CNH) to reduce overall volatility due to currency fluctuations as China opens its currency markets to international investors.
  • Ideal for long term portfolio allocations for investors interested in accessing an ETF that includes large and mid-capitalization stocks and is diversified across hundreds of equity listings in China.
  • Strong diversification benefits for asset allocation due to China A shares low correlation to developed economies such as US, Europe and even Hong Kong listed stocks.
  • MSCI China A International Index represents the component that will be a part of MSCI’s index family if China listed stocks are included in their core series of indexes. Investors can use this index to replicate the inclusion at an allocation weight that makes sense for client needs over time.

Diversification does not assure a profit or protect against loss
Bloomberg, as of March 20, 2017

  • Name
  • MSCI China A International with CNH 100% Hedged to USD Index
  • Launch Date
  • June 9, 2015
  • Base Currency
  • USD
  • Index Provider
  • MSCI
  • Index Type
  • Net Total return index
  • Underlying Securities
  • Large-cap and mid-cap Chinese securities listed on the Shanghai and Shenzhen Stock Exchanges. The Index is based on the concept of the integrated MSCI China equity universe with mainland Chinese securities included.
  • Rebalancing Frequency
  • Quarterly
  • Index Definition
  • It is a free float-adjusted market capitalization-weighted index compiled and published by MSCI Inc. The Index is designed to track the equity market performance of large-cap and mid-cap Chinese securities listed on the Shanghai and Shenzhen Stock Exchanges. The Index is based on the concept of the integrated MSCI China equity universe with mainland Chinese securities included.

Key Facts

  • Adviser
  • CSOP Asset Management Limited
  • Listing Date
  • October 20, 2015
  • Exchange Listing
  • NYSE Arca, Inc.
  • Stock Ticker
  • CNHX
  • Base Currency
  • USD
  • Trading Currency
  • USD
  • Inception Price
  • USD 30 per share
  • Total Expense Ratio
  • 0.79%
  • Creation Unit
  • 50,000 Units
  • Dividend Policy
  • The Fund intends to distribute its net investment income, if any, to investors annually and to distribute net realized capital gains, if any, annually.
  • Asset Under Management
  • 1,435,179
  • Shares Outstanding
  • 50,002
  • NAV
  • $28.70
  • Closing Price
  • $28.52

Top 10

  • Total Nav (USD): 1,305,982.01
  • Securities: 226
  • Securities(%): 91%
  • 30.93% Financials
  • 15.12% Consumer Staples
  • 9.17% Industrials
  • 7.98% Information Technology
  • 6.81% Consumer Discretionary
  • 4.88% Materials
  • 4.72% Health Care
  • 4.65% Real Estate
  • 3.04% Utilities
  • 1.98% Energy

Last Updated: December 11, 2019 Holdings are subject to change without notice.

Holdings Download

Weight (%) Name Exchange Ticker Shares Held Valuation Price (RMB) Market Value (USD) Sector
0SHANGHAI CONSTRUCTION GROU-A60017013.49$0.50Industrials
0.04DR PENG TELCOM & MEDIA GR-A6008047006.15$611.85Communication Services
0.05SOUND ENVIRONMENTAL RESOUR-A8265608.67$690.05Industrials
0.07JIHUA GROUP CORP LTD-A60171821003.16$943.14Industrials
0.07CITIC GUOAN INFORMATION-A83920003.4$966.45Communication Services
0.07DONGXU OPTOELECTRONIC TECH-A41318003.89$995.16Information Technology
0.07BEIJING DABEINONG TECHNOLO-A238518004.08$1,043.77Consumer Staples
0.07SHENZHEN ZHONGJIN LINGNAN-A6018004.09$1,046.33Materials
0.07QINGHAI SALT LAKE INDUSTRY-A7929008.19$1,047.60Materials
0.07WANXIANG QIANCHAO CO LTD-A55914405.13$1,049.91Consumer Discretionary
0.07BEIJING SL PHARMACEUTICAL -A203860012.41$1,058.26Health Care
0.08KANGMEI PHARMACEUTICAL CO-A60051823003.6$1,176.80Health Care
0.08BEIJING CAPITAL CO LTD-A60000826003.26$1,204.65Utilities
0.08MAANSHAN IRON & STEEL-A60080830002.84$1,210.91Materials
0.09GUANGSHEN RAILWAY CO LTD-A60133330002.98$1,270.60Industrials
0.09CHINA GRAND AUTOMOTIVE SER-A60029727003.35$1,285.52Consumer Discretionary
0.09SHENZHEN SALUBRIS PHARM-A229450018.1$1,286.23Health Care
0.09SHANXI SECURITIES CO LTD-A250012007.58$1,292.77Financials
0.09ANXIN TRUST CO LTD-A60081623763.92$1,323.74Financials
0.1SHANXI XISHAN COAL & ELEC-A98317005.77$1,394.11Energy
0.1DONGXING SECURITIES CO LT-A60119890010.92$1,396.81Financials
0.1CHINESE UNIVERSE PUBLISHIN-A60037380012.38$1,407.61Communication Services
0.1SHANGHAI TUNNEL ENGINEERIN-A60082017005.87$1,418.27Industrials
0.1CHINA SHIPPING CONTAINER-A60186640002.51$1,426.94Industrials
0.1TONGLING NONFERROUS METALS-A63047002.19$1,462.89Materials
0.1CHINA HAINAN RUBBER INDUST-A60111822004.76$1,488.34Materials
0.1GIANT NETWORK GROUP CO LTD-A255860017.5$1,492.31Communication Services
0.11CHINA COMMUNICATIONS CONST-A60180012008.96$1,528.13Industrials
0.11ZHEJIANG CHINA COMMODITIES-A60041529003.81$1,570.34Real Estate
0.11ANGANG STEEL CO LTD-A89835103.16$1,576.40Materials
0.11SHANXI LUAN ENVIRONMENTAL-A60169916006.94$1,578.16Energy
0.11LIAONING CHENG DA CO LTD-A60073980014.04$1,596.35Consumer Discretionary
0.11SOOCHOW SECURITIES CO LTD-A60155513008.74$1,614.83Financials
0.12CHINA SOUTH PUBLISHING -A601098100011.62$1,651.49Communication Services
0.12CHINA MOLYBDENUM CO LTD-A60399332003.71$1,687.31Materials
0.12GUANGHUI ENERGY CO LTD-A60025635103.39$1,691.13Energy
0.12SUZHOU GOLD MANTIS CONSTR -A208115007.93$1,690.58Industrials
0.12SHANGHAI JAHWA UNITED CO -A60031540029.85$1,696.97Consumer Staples
0.12SINOPEC SHANGHAI PETROCHE-A60068832003.77$1,714.60Materials
0.12HUBEI ENERGY GROUP CO LTD-A88329004.17$1,718.72Utilities
0.12CHINA SPACESAT CO LTD -A60011860020.29$1,730.23Industrials
0.12TBEA CO LTD-A60008919006.48$1,749.85Industrials
0.12GUANGZHOU HAIGE COMMUNICAT-A2465120010.27$1,751.55Information Technology
0.12XINHU ZHONGBAO CO LTD-A60020832003.85$1,750.98Real Estate
0.12TSINGHUA UNISPLENDOUR CO-A93842029.35$1,751.98Information Technology
0.12CHINA SHIPBUILDING INDUSTR-A60048260020.57$1,754.11Consumer Discretionary
0.12JIANGXI GANFENG LITHIUM CO-A246045027.67$1,769.67Materials
0.12TASLY PHARMACEUTICAL GROUP-A60053584014.84$1,771.68Health Care
0.12TONGHUA DONGBAO PHARMACEUT-A600867103712.06$1,777.45Health Care
0.12BBMG CORPORATION-A60199238003.3$1,782.25Materials
0.13FINANCIAL STREET HOLDINGS-A40216007.9$1,796.46Real Estate
0.13SHENZHEN ENERGY GROUP CO L-A2721006.05$1,805.70Utilities
0.13FIBERHOME TELECOM TECH CO-A60049850025.99$1,846.92Information Technology
0.13SHANGHAI ZHANGJIANG HIGH-A60089590014.5$1,854.73Real Estate
0.13YOUNGOR GROUP CO-A60017719606.8$1,894.24Real Estate
0.13FANGDA CARBON NEW MATERIAL-A600516119211.25$1,905.90Industrials
0.13JOINTOWN PHARMACEUTICAL-A600998100013.48$1,915.85Health Care
0.13SINOLINK SECURITIES CO LTD-A60010916008.44$1,919.26Financials
0.14AIR CHINA LTD-A60111116008.66$1,969.29Industrials
0.14TIANQI LITHIUM INDUSTR IND-A246650027.71$1,969.14Materials
0.14HUBEI BIOCAUSE PHARMACEUTI-A62721006.61$1,972.84Financials
0.14GUOYUAN SECURITIES CO LTD-A72816508.45$1,981.58Financials
0.14FUJIAN NEWLAND COMPUTER CO-A99790015.54$1,987.76Information Technology
0.14AVIC AVIATION ENGINE CORP-A60089370020.15$2,004.68Industrials
0.14DHC SOFTWARE CO LTD -A2065140010.08$2,005.67Information Technology
0.14WESTERN SECURITIES CO LTD-A267316008.84$2,010.22Financials
0.14WUHU SHUNRONG SANQI INTERA-A255560023.59$2,011.64Communication Services
0.14SHANDONG DONG-E E-JIAO-A42340035.46$2,015.90Health Care
0.14HUANENG POWER INTL INC-A60001125005.75$2,043.05Utilities
0.14HEBEI IRON & STEEL CO LTD-A70957002.55$2,065.79Materials
0.14ZHEJIANG CHINT ELECTRICS-A60187760024.22$2,065.36Industrials
0.15DAWNING INFORMATION INDUST-A60301942034.86$2,080.88Information Technology
0.15CHINA RESOURCES SANJIU MED-A99950029.42$2,090.66Health Care
0.15SHENERGY COMPANY LIMITED-A60064225005.91$2,099.90Utilities
0.15SDIC ESSENCE HOLDINGS CO L-A600061130011.39$2,104.45Financials
0.15NINGBO PORT CO LTD-A60101841003.64$2,121.08Industrials
0.15CHINA GEZHOUBA GROUP CO LT-A60006824006.23$2,125.06Industrials
0.15CHINA JUSHI CO LTD -A60017615609.74$2,159.51Materials
0.15ZHONGJIN GOLD CORP-A60048918888.06$2,162.76Materials
0.15SICHUAN KELUN PHARMACEUTIC-A242270021.88$2,176.79Health Care
0.15AVIC CAPITAL CO LTD -A60070534004.54$2,193.84Financials
0.15OFFSHORE OIL ENGINEERING-A60058323006.74$2,203.22Energy
0.15CHINA CITIC BANK CORP LTD-A60199826005.98$2,209.76Financials
0.16BANK OF GUIYANG CO LTD-A60199716809.36$2,234.89Financials
0.16HENGTONG OPTIC-ELECTRIC CO-A600487100015.86$2,254.11Information Technology
0.16HUADIAN POWER INTL CORP-A60002744003.61$2,257.52Utilities
0.16ZHEJIANG HUAYOU COBALT CO -A60379954629.86$2,317.15Materials
0.16POWER CONSTRUCTION CORP OF-A60166940004.08$2,319.48Industrials
0.16CHANGJIANG SECURITIES CO L-A78326006.29$2,324.32Financials
0.16BESTV NEW MEDIA CO LTD-A60063718209.02$2,333.18Communication Services
0.16HUADONG MEDICINE CO LTD-A96372022.85$2,338.24Health Care
0.16XINJIANG GOLDWIND SCI&TECH-A2202143011.62$2,361.64Industrials
0.16RISESUN REAL ESTATE DEVEL-A214618009.24$2,363.83Real Estate
0.17JIANGXI COPPER CO LTD-A600362110015.2$2,376.33Materials
0.17SPRING AIRLINES CO LTD-A60102140041.83$2,378.04Industrials
0.17CHINA NATIONAL CHEMICAL-A60111727006.3$2,417.55Industrials
0.17China Northern Rare Earth -A600111170010.1$2,440.29Materials
0.17ZHENGZHOU YUTONG BUS CO -A600066120014.54$2,479.80Industrials
0.17SHANGHAI PHARMACEUTICALS-A601607100017.58$2,498.56Health Care
0.18ZHEJIANG ZHENENG ELECTRIC-A60002347003.84$2,565.08Utilities
0.18METALLURGICAL CORP OF CHIN-A60161867002.71$2,580.57Industrials
0.18CHONGQING CHANGAN AUTOMOB-A62520009.09$2,583.84Consumer Discretionary
0.18RONGSHENG PETRO CHEMICAL-A2493150012.2$2,600.89Materials
0.18SHENZHEN O-FILM TECH CO-A2456125014.73$2,616.88Information Technology
0.18SHANGHAI INTERNATIONAL POR-A60001833005.58$2,617.09Industrials
0.18EVERBRIGHT SECURITIE CO -A601788160011.67$2,653.76Financials
0.19CHINA COSCO HOLDINGS-A60191938004.96$2,678.78Industrials
0.19SHANGHAI ELECTRIC GRP CO L-A60172740004.72$2,683.32Industrials
0.19XCMG CONSTRUCTION MACHIN-A42538005.01$2,705.78Industrials
0.19BEIJING NEW BUILDING MATER-A78680023.87$2,714.02Industrials
0.19GD POWER DEVELOPMENT CO -A60079585002.28$2,754.39Utilities
0.19CHINA EASTERN AIRLINES CO-A60011537005.27$2,771.30Industrials
0.19SHAANXI COAL INDUSTRY CO L-A60122523008.55$2,794.89Energy
0.2CHINA AVIATION OPTICAL -A217950739$2,810.24Information Technology
0.2GUANGZHOU BAIYUNSHAN PHAR-A60033260033.05$2,818.34Health Care
0.2JINKE PROPERTIES GROUP CO -A65627007.38$2,831.99Real Estate
0.2TSINGTAO BREWERY CO LTD-A60060040050.54$2,873.20Consumer Staples
0.2BEIJING TONGRENTANG CO-A60008580025.71$2,923.23Health Care
0.2INSPUR ELECTRONIC INFORMAT-A97765031.65$2,923.87Information Technology
0.21ZOOMLION HEAVY INDUSTRY S-A15734006.38$3,082.98Industrials
0.21AISINO CO LTD-A600271100021.7$3,084.12Information Technology
0.22BEIJING SHIJI INFORMATION -A215360036.95$3,150.92Information Technology
0.22INDUSTRIAL SECURITIES CO-A60137735606.3$3,187.58Financials
0.22ZHEJIANG NHU CO LTD-A2001102022.02$3,192.19Health Care
0.22AVIC AIRCRAFT CO LTD-A768140016.05$3,193.55Industrials
0.22SICHUAN CHUANTOU ENERGY CO-A60067423009.82$3,210.04Utilities
0.23MEINIAN ONEHEALTH HEALTHCA-A2044158414.47$3,257.58Health Care
0.23TCL CORP-A10059003.9$3,270.30Consumer Discretionary
0.23INNER MONGOLIAN BAOTOU STE-A600010180601.3$3,336.82Materials
0.23TONGWEI CO LTD-A600438180013.11$3,353.87Consumer Staples
0.24HUALAN BIOLOGICAL ENGINEER-A200772033.4$3,417.83Health Care
0.24ZHEJIANG LONGSHENG GROUP C-A600352180013.49$3,451.08Materials
0.24IFLYTEK CO LTD - A223075032.63$3,478.16Information Technology
0.24SHENZHEN OVERSEAS CHINESE-A6934007.2$3,479.22Consumer Discretionary
0.25FOCUS MEDIA INFO TECH-A202744405.6$3,533.80Communication Services
0.25FUYAO GROUP GLASS INDUSTR-A600660110022.64$3,539.49Consumer Discretionary
0.25GUOSEN SECURITIES CO LTD-A2736220011.43$3,573.88Financials
0.25SHANGHAI FOSUN PHARMACEUTI-A600196100025.14$3,573.03Health Care
0.25CHINA SOUTHERN AIRLINES CO-A60002938006.75$3,645.51Industrials
0.26VENUSTECH GROUP INC-A243980032.48$3,692.98Information Technology
0.26ORIENT SECURITIES CO LTD-A60095827009.85$3,779.82Financials
0.27HUAYU AUTOMOTIVE SYSTEMS -A600741110024.65$3,853.72Consumer Discretionary
0.28ZHEJIANG DAHUA TECHNOLOGY-A2236160017.51$3,981.78Information Technology
0.29PETROCHINA CO LTD-A60185751005.65$4,095.34Energy
0.29FOUNDER SECURITIES CO LTD-A60190144006.7$4,189.85Financials
0.29ZIJIN MINING GROUP CO LTD-A60189975003.95$4,210.46Materials
0.3HUNDSUN TECHNOLOGIES INC-A60057039076.7$4,251.39Information Technology
0.3CHINA FORTUNE LAND DEVELOP-A600340110027.43$4,288.34Real Estate
0.3ZHANGZHOU PIENTZEHUANG PHA-A600436300100.83$4,299.15Health Care
0.3CHINA NATIONAL NUCLEAR POW-A60198562004.94$4,353.01Utilities
0.3SHANDONG GOLD MINING CO LT-A60054798031.25$4,352.58Materials
0.31BYD CO LTD -A259470044.12$4,389.39Consumer Discretionary
0.31GEMDALE CORP-A600383240012.99$4,430.90Real Estate
0.31SDIC POWER HOLDINGS CO LTD-A60088636008.74$4,471.83Utilities
0.32NEW CHINA LIFE INSURANCE C-A60133670045.86$4,562.50Financials
0.32GOERTEK INC -A2241160020.49$4,659.43Information Technology
0.33YONGHUI SUPERSTORES CO LTD-A60193344007.59$4,746.41Consumer Staples
0.34YONYOU SOFTWARE CO LTD-A600588118328.81$4,843.94Information Technology
0.34HENAN SHUANGHUI INVESTMENT-A895120028.85$4,920.37Consumer Staples
0.35SHANXI XINGHUACUN FEN WINE-A60080940087.2$4,957.33Consumer Staples
0.35SANAN OPTOELECTRONICS CO L-A600703192018.37$5,012.81Information Technology
0.36CHINA CONSTRUCTION BANK-A60193951007.1$5,146.35Financials
0.37SEAZEN HOLDINGS CO LTD-A601155100037.05$5,265.74Real Estate
0.37BANK OF JIANGSU CO LTD-A60091952007.13$5,269.43Financials
0.37HUAXIA BANK CO LTD-A60001550407.46$5,343.68Financials
0.38CHINA SHENHUA ENERGY CO-A601088220017.28$5,403.03Energy
0.38BANK OF NANJING CO LTD -A60100945368.46$5,453.99Financials
0.38SUNING COMMERCE GROUP CO -A202439009.95$5,515.17Consumer Discretionary
0.39GF SECURITIES CO LTD-A776280013.93$5,543.45Financials
0.39SHANGHAI INTERNATIONAL AIR-A60000950078.43$5,573.44Industrials
0.41NEW HOPE LIUHE CO LTD-A876210019.65$5,864.80Consumer Staples
0.43SHENWAN HONGYUAN GROUP CO-A16689104.84$6,129.06Financials
0.44CHINA LIFE INSURANCE CO-A601628130033.88$6,259.76Financials
0.44WEICHAI POWER CO LTD-A338320013.83$6,289.89Industrials
0.45LONGI GREEN ENERGY TECHNOL-A601012182024.78$6,409.79Information Technology
0.47HUATAI SECURITIES CO LTD-A601688260018.06$6,673.63Financials
0.47NARI TECHNOLOGY CO LTD-A600406230020.65$6,750.24Industrials
0.47CHINA MERCHANTS SECURITIES-A600999280017.03$6,777.10Financials
0.48BANK OF BEIJING CO LTD -A60116986405.57$6,839.75Financials
0.48LUZHOU LAOJIAO CO LTD-A56860080.89$6,897.90Consumer Staples
0.49BAOSHAN IRON & STEEL CO-A60001988245.66$7,098.28Materials
0.5QINGDAO HAIER CO LTD-A600690290017.29$7,126.30Consumer Discretionary
0.5CHINA RAILWAY CONSTRUCTION-A60118652009.76$7,213.14Industrials
0.54ZTE CORP-A63170031.85$7,695.37Information Technology
0.55HAITONG SECURITIES CO LTD-A600837390014.18$7,859.81Financials
0.55DAQIN RAILWAY CO LTD -A60100671007.8$7,870.89Industrials
0.57BANK OF SHANGHAI CO LTD-A60122962149.21$8,133.96Financials
0.59GUOTAI JUNAN SECURITIES CO-A601211340017.47$8,441.95Financials
0.6CHINA MERCHANTS SHEKOU INDUS1979316219.03$8,552.08Real Estate
0.64BOE TECHNOLOGY GROUP CO LT-A725161004$9,152.86Information Technology
0.64CHINA PETROLEUM & CHEMICAL-A600028131004.96$9,234.73Energy
0.65SANY HEAVY INDUSTRY CO LTD-A600031410016.07$9,364.20Industrials
0.69JIANGSU YANGHE BREWERY -A230470099.49$9,898.03Consumer Staples
0.73GREE ELECTRIC APPLIANCES I-A651120061.4$10,471.78Consumer Discretionary
0.74BANK OF NINGBO CO LTD -A2142273027.43$10,642.89Financials
0.74CSR CORP LTD -A601766109006.9$10,689.24Industrials
0.76BANK OF CHINA LTD-A601988212003.61$10,877.13Financials
0.76CHINA UNITED NETWORK COMMUNICATIONS LTD600050135005.7$10,936.53Communication Services
0.81CHINA EVERBRIGHT BANK CO-A601818189004.32$11,604.24Financials
0.81SAIC MOTOR CORPORATION LTD-A600104350023.42$11,650.00Consumer Discretionary
0.87CHINA STATE CONSTRUCTION -A601668169405.21$12,543.60Industrials
0.87CHINA PACIFIC INSURANCE GR-A601601250035.31$12,546.10Financials
0.88CHINA INTERNATIONAL TRAVEL-A601888100088.6$12,592.29Consumer Discretionary
0.88POLY REAL ESTATE GROUP CO -A600048570015.58$12,621.57Real Estate
0.88MUYUAN FOODSTUFF CO LTD-A2714108082.35$12,640.33Consumer Staples
0.9INNER MONGOLIA YILI INDUS-A600887300030.22$12,885.07Consumer Staples
0.94LUXSHARE PRECISION INDUSTR-A2475266135.79$13,535.60Information Technology
0.98CHINA MINSHENG BANKING-A600016159606.2$14,063.57Financials
1.02BANK OF COMMUNICATIONS CO-A601328187005.5$14,617.58Financials
1.02ANHUI CONCH CEMENT CO LTD-A600585210049.18$14,678.41Materials
1.03CITIC SECURITIES CO-A600030470022.23$14,849.38Financials
1.05CHINA YANGTZE POWER CO LTD-A600900590018.01$15,102.08Utilities
1.06FOSHAN HAITIAN FLAVOURING -A6032881000107.2$15,235.82Consumer Staples
1.16AGRICULTURAL BANK OF CHINA-A601288324003.61$16,623.53Financials
1.22CHINA VANKE CO LTD -A2440028$17,509.82Real Estate
1.27PING AN BANK CO LTD-A1816015.66$18,161.55Financials
1.29HANGZHOU HIKVISION DIGITAL-A2415415031.35$18,490.84Information Technology
1.32IND & COMM BK OF CHINA-A601398232005.75$18,959.50Financials
1.49SHANGHAI PUDONG DEVEL BANK-A6000001258411.98$21,426.27Financials
1.64MIDEA GROUP CO LTD-A333290057.06$23,518.03Consumer Discretionary
1.69JIANGSU HENGRUI MEDICINE C-A600276200385$24,197.53Health Care
2.03INDUSTRIAL BANK CO LTD -A6011661060019.3$29,075.97Financials
2.17WULIANGYE YIBIN CO LTD-A8581700128.82$31,124.57Consumer Staples
3.78CHINA MERCHANTS BANK-A6000361050036.4$54,320.25Financials
4.58PING AN INSURANCE GROUP CO-A601318550084.04$65,693.11Financials
6.89KWEICHOW MOUTAI CO LTD-A6005196001158.98$98,832.16Consumer Staples

Holdings are subject to change without notice and are not a recommendation to buy or sell any security.

Currency Forward Positions

Trading Currency Contract Value Market Value Gain/Loss
Short CNH vs USD $1,433,268.72 $1,432,333.88 $934.84

Last Updated: December 11, 2019

Distribution

Ex-Date Payable Date Record Date Distribution (USD)
December 14, 2018 December 28, 2018 December 17, 2018 0.60048 Per Share

Risk

An investor should consider the Fund’s investment objectives, risks, and charges and expenses carefully before investing. This and other important information may be found in the Fund’s prospectus (pdf). Please read the prospectus carefully before investing. To obtain a print prospectus, call 844-209-2937.

ETF Investing in China A-shares market involves risks specific to China, including risks related to currency fluctuations, limited liquidity, less developed or less efficient trading markets, less government regulation, adverse political, economic and legal environment. The ETF is also exposed to the potential unavailability risk of the A-shares, which means that any reduction or elimination of access to A-shares will have a material adverse effect on the ability of the fund to achieve its investment objective. Applicable Chinese tax rules to the ETF is at present uncertain. Uncertainties in the Chinese tax rules could have an adverse impact on ETF performance. In addition, the ETF may be more volatile than ETFs investing in a broadly diversified portfolio and developed markets.

ETF shares are bought and sold at market price through exchange trading rather than NAV and are not individually redeemable. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Returns for actual ETF investments may differ from what is shown on the website because of differences in timing, the amount invested, and fees and expenses.

Diversification does not eliminate the risk of experiencing investment losses.