The Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) is an exchange-traded fund designed to provide exposure to China’s domestic equity market through A-shares listed on the Shanghai and Shenzhen stock exchanges. The ETF is managed by DWS under the Xtrackers brand and trades under the ticker ASHR on the NYSE Arca.

Classified as an international equity ETF focused on China A-shares, the fund seeks to reflect, before fees and expenses, the performance of the CSI 300 Index.

The ETF follows a passive management strategy, maintaining a portfolio structured to replicate the composition and weighting of its benchmark index. The benchmark includes 300 large-cap and mid-cap companies listed on mainland Chinese exchanges, providing exposure to key sectors within China’s domestic economy.

Diversification and sector exposure

ASHR provides exposure primarily associated with:

• Financials.
• Consumer discretionary.
• Industrials.
• Information technology.
• Healthcare.
• Chinese domestic companies.
• Mainland China A-shares.
• Chinese economy.

The ETF’s performance is particularly sensitive to Chinese economic conditions, monetary policy decisions by the People’s Bank of China (PBoC), and regulatory measures implemented by the Chinese government.

Changes in China’s real estate market, economic stimulus measures, geopolitical tensions, and fluctuations in economic growth may directly affect the fund’s behavior. The ETF may also reflect developments associated with Chinese domestic consumption, infrastructure investment, and local technological growth.

Structure and costs

ASHR shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. ASHR may distribute income derived from dividends paid by Chinese companies held within the portfolio.

Because the ETF maintains concentrated exposure to China’s domestic market, its performance may exhibit elevated sensitivity to regulatory, political, currency, and macroeconomic developments associated with the country.

History and evolution of the ETF

The Xtrackers Harvest CSI 300 China A-Shares ETF was launched in 2013 during a period marked by the gradual opening of China’s financial markets to international investors.

Since inception, the fund has reflected movements associated with China’s domestic economy, including fluctuations in economic growth, regulatory changes, and developments across mainland Chinese equity markets.

In recent years, ASHR has reflected periods of economic slowdown in China, changes in the real estate sector, government stimulus measures, international trade tensions, and developments associated with technological growth and domestic consumer expansion.

Additional Information

Xtrackers Harvest CSI 300 China A-Shares ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $1.49 billion.

Over the past 12 months, Xtrackers Harvest CSI 300 China A-Shares ETF recorded a return of 8.20%, with its price trading between $31.48 and $37.30 during the same period.

The ETF is traded under the ticker ASHR.