CN
Xtrackers MSCI All China Equity ETF
The Xtrackers Harvest MSCI All China Equity ETF is an exchange-traded fund incorporated in the USA. The fund seeks to track the performance of the MSCI All China Index.
Fund Basics
| Fund sponsor | Deutsche Bank AG |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 29, 2014 |
| Assets (mns) | $7 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| XTRACKERS MSCI CHINA A INCLUSION EQUITY | 46.4 % |
| TENCENT HOLDINGS LTD | 8.3 % |
| ALIBABA GROUP HOLDING LTD. | 4.5 % |
| XTRACKERS HARVEST CSI 500 CHINA A-SHARES | 3.6 % |
| MEITUAN DIANPING | 2.5 % |
| CHINA CONSTRUCTION BANK-H | 1.7 % |
| BAIDU, INC. CLASS A | 1.2 % |
| JD.COM, INC. CLASS A | 1.2 % |
| PING AN INSURANCE GROUP CO-H | 1.2 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 1.1 % |
Constituent Breakdown
| Number of holdings | 211 |
| Herfindahl-Hirschman Index | 2,279 |
| Wgt avg mkt cap (mns) | $56,107 |
| Large cap (>$10bn) | 65.3% |
| Mid cap ($2-10bn) | 15.4% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 23.0% |
| Emerging mkts. | 77.0% |
Country Exposure
 |
CHINA | 44.3 % |
 |
HONG KONG | 5.1 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 2.6% | -16.5% | -19.7% | -2.5% | -3.2% | -- | 6.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.36 | 8% |
| MSCI EAFE | 0.57 | 20% |
| MSCI Emg Mkts | 0.91 | 58% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.27% |
| ADV of underlying (mns) | $6,545 |
Technical Indicators
| Recent close | $29.85 |
| 30d moving avg. | $29.94 |
| Annualized volatility | 26.3% |
| Relative strength (RSI) | 40 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CN |
Expenses vs. CN |
ALTAR Score™ vs. CN |
|---|---|---|---|---|
| MCHI | iShares MSCI China ETF | 49.4% | +7 bp | -0.4% |
| BKF | iShares MSCI BRIC ETF | 47.6% | +20 bp | -2.0% |
| GXC | SPDR S&P China ETF | 47.5% | +9 bp | -0.9% |
| FLCH | Franklin FTSE China ETF | 46.8% | -31 bp | -0.2% |
| KALL | KraneShares MSCI All China Index ETF | 41.3% | -2 bp | +0.3% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 34.1% | 0 bp | -2.9% |
| FXI | iShares China Large-Cap ETF | 33.3% | +24 bp | +2.9% |
| GMF | SPDR S&P Emerging Asia Pacific ETF | 31.0% | -1 bp | -3.0% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 30.3% | +19 bp | -3.3% |
| KESG | KraneShares MSCI China ESG Leaders Index ETF | 28.7% | +9 bp | +1.1% |
Risk and Returns: CN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/24/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CN
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
CN
10.6%
Cat. Avg
8.4%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 10.6% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 185 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 8.4% and a standard deviation of
4.3%. CN's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places CN in the 69th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CN
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CN | 50.0 | 27.1 | 77.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .