Xtrackers Harvest CSI 300 China A-Shares ETF
ALTAR
Score™
9.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
10.9x P/Sales
ratio
1.1x
P/BV
ratio
1.5x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers Harvest CSI 300 China A-Shares Fund is an exchange-traded fund incorporated in the USA. The fund seeks to track the performance of the CSI 300 Index. Through the use of an RQFII quota ASHR is able to offer US investors direct access to Chinese A-Shares which are listed on the Shenzen and Shanghai Stock Exchanges.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Deutsche Bank AG
Website www.DBXUS.com
Inception date Nov 06, 2013
Assets (mns) $1,709
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 300
Wgt avg mkt cap (mns) $47,163
Large cap (>$10bn) 73.6%
Mid cap ($2-10bn) 26.4%
Small cap (<$2bn) 0.1%
Developed mkts 7.8%
Emerging mkts 92.2%

TOP TEN HOLDINGS
PING AN INSURANCE (GROUP) COMPANY 6.2 %
KWEICHOW MOUTAI CO LTD-A 4.4 %
CHINA MERCHANTS BANK -A 2.7 %
JIANGSU HENGRUI MEDICINE CO., LTD. 2.3 %
GREE ELECTRIC APPLIANCES I-A 2.1 %
GD MIDEA HOLDING CO LTD -A 2.0 %
INDUSTRIAL BANK CO LTD -A 1.9 %
WULIANGYE YIBIN CO LTD-A 1.8 %
CITIC SECURITIES CO-A 1.6 %
INNER MONGOLIA YILI INDUSTRIAL GRO 1.4 %
Total 26.3 %

TOP COUNTRY EXPOSURE
CHINA 97.3 %
BRITISH VIRGIN ISLANDS 0.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 29)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.6% 5.1% 1.2% -- 6.7%

Market Correlations
versus... Beta R-squared
S&P500 0.77 24%
MSCI EAFE 0.92 30%
MSCI Emg. Mkts. 1.01 52%

Technical Indicators
Recent close $26.17
30d moving avg. $27.95
Annualized volatility 20.9%
Short interest (ETF) 31.3%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 11,762
Turnover 18.0%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $33,959

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 86 potential alternatives to the Xtrackers Harvest CSI 300 China A-Shares ETF ETF based on the alternatives' overlap in portfolio holdings with ASHR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ASHR Expense: 65 bp ALTAR Score™: 9.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ASHR
Ticker Fund
Name
Overlap1
vs ASHR
(%)
Expense
ratio
(bp)
Savings
vs ASHR
(bp)
ALTAR
Score™
(%)
ALTAR
vs ASHR
(%)
PEK VanEck Vectors ChinaAMC CSI 300 ETF 97.0 60 5 9.1 +0.1
ASHX Xtrackers MSCI China A Inclusion Equity ETF 74.4 60 5 8.6 -0.5
KBA KraneShares Bosera MSCI China A Share ETF 73.9 60 5 8.5 -0.5
CNYA iShares MSCI China A ETF 73.5 65 0 8.6 -0.5
AFTY Pacer CSOP FTSE China A50 ETF 50.2 70 -5 11.0 +2.0
WCHN WisdomTree ICBCCS S&P China 500 Fund 43.6 55 10 9.6 +0.5
KALL KraneShares FTSE Emerging Markets Plus ETF 33.6 49 16 9.9 +0.8
KFYP KraneShares CICC China Leaders 100 Index ETF 27.8 70 -5 13.3 +4.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 21.6 32 33 8.0 -1.1
CHIL Global X MSCI China Large-Cap 50 ETF 17.3 29 36 10.4 +1.3
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF 15.5 65 0 4.7 -4.4
CHIX Global X China Financials ETF 14.7 65 0 18.6 +9.5
CHIS Global X MSCI China Consumer Staples ETF 12.8 65 0 4.3 -4.7
GXC SPDR S&P China ETF 11.7 59 6 9.9 +0.8
CHII Global X China Industrials ETF 10.9 66 -1 13.3 +4.3
MCHI iShares MSCI China ETF 9.7 59 6 9.9 +0.8
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 9.2 25 40 9.6 +0.6
CHIK Global X MSCI China Information Technology ETF 9.0 65 0 12.4 +3.3
OBOR KraneShares MSCI One Belt One Road Index ETF 8.0 79 -14 11.6 +2.5
FLCH Franklin FTSE China ETF 7.9 19 46 10.2 +1.1
BKF iShares MSCI BRIC ETF 7.5 69 -4 9.8 +0.7
KURE KraneShares MSCI All China Health Care Index ETF 7.0 65 0 3.7 -5.4
CHIH Global X MSCI China Health Care ETF 7.0 65 0 4.6 -4.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 6.6 30 35 10.7 +1.7
CQQQ Invesco China Technology ETF 6.3 70 -5 5.2 -3.9
CHIQ Global X China Consumer ETF 5.3 65 0 11.6 +2.5
CHIM Global X China Materials ETF 5.3 65 0 12.2 +3.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 5.2 32 33 8.3 -0.8
KMED KraneShares Emerging Markets Healthcare Index ETF 5.2 79 -14 3.1 -6.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.2 32 33 11.4 +2.4
PXH Invesco FTSE RAFI Emerging Markets ETF 5.0 50 15 15.7 +6.7
EMCG WisdomTree Emerging Markets Consumer Growth Fund 4.7 32 33 9.1 +0.0
PBEE Invesco PureBeta FTSE Emerging Markets ETF 4.6 14 51 11.1 +2.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.2 68 -3 9.1 +0.1
EEMA iShares MSCI Emerging Markets Asia ETF 4.1 50 15 9.8 +0.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.0 45 20 10.1 +1.1
EEM iShares MSCI Emerging Markets ETF 4.0 68 -3 9.8 +0.8
GMF SPDR S&P Emerging Asia Pacific ETF 4.0 49 16 9.2 +0.1
NUEM Nuveen ESG Emerging Markets Equity ETF 3.9 45 20 9.3 +0.2
ESGE iShares ESG MSCI EM ETF 3.8 25 40 11.3 +2.2
SCHE Schwab Emerging Markets Equity ETF 3.8 13 52 10.0 +0.9
IEMG iShares Core MSCI Emerging Markets ETF 3.7 14 51 10.3 +1.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.7 65 0 9.9 +0.8
DEM WisdomTree Emerging Markets High Dividend Fund 3.6 63 2 16.7 +7.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.6 45 20 10.5 +1.4
VWO Vanguard FTSE Emerging Markets ETF 3.5 10 55 10.2 +1.2
FLAX Franklin FTSE Asia Ex Japan ETF 3.4 19 46 9.8 +0.7
CHIR Global X MSCI China Real Estate ETF 3.3 65 0 18.8 +9.7
SPEM SPDR Portfolio Emerging Markets ETF 2.9 11 54 10.1 +1.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.6 30 35 10.1 +1.0
VEGI iShares MSCI Global Agriculture Producers ETF 2.6 39 26 7.3 -1.8
CHIU Global X MSCI China Utilities ETF 2.2 65 0 10.1 +1.0
EMMF WisdomTree Emerging Markets Multifactor Fund 2.2 48 17 11.6 +2.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.2 60 5 10.2 +1.2
CHIC Global X Nasdaq China Technology ETF 1.7 65 0 4.9 -4.2
KGRN KraneShares MSCI China Environment Index ETF 1.6 80 -15 9.5 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 1.3 32 33 9.1 +0.0
VNQI Vanguard Global ex-US Real Estate Index Fund 1.3 12 53 11.2 +2.1
CHIE Global X China Energy ETF 1.2 66 -1 11.8 +2.8
IXUS ishares Core MSCI Total International Stock ETF 1.1 9 56 9.2 +0.1
BLOK Amplify Transformational Data Sharing ETF 1.1 70 -5 4.8 -4.3
ROBO Robo Global Robotics & Automation Index ETF 0.9 95 -30 4.9 -4.1
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 0.9 45 20 11.5 +2.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.9 40 25 8.8 -0.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.8 39 26 14.9 +5.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.8 20 45 9.1 0.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.8 39 26 10.9 +1.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.7 20 45 7.8 -1.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.7 20 45 7.8 -1.3
DVEM WisdomTree Emerging Markets Dividend Fund 0.7 32 33 10.7 +1.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 8 57 9.3 +0.2
VXUS Vanguard Total International Stock Index Fund 0.6 8 57 9.4 +0.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.6 70 -5 8.7 -0.4
SDG iShares Sustainable MSCI Global Impact ETF 0.6 49 16 7.3 -1.7
BATT Amplify Advanced Battery Metals & Materials ETF 0.5 72 -7 2.9 -6.2
ACWI iShares MSCI ACWI ETF 0.5 32 33 7.5 -1.5
REMX VanEck Vectors Rare Earth/Strategic Metals ETF 0.5 59 6 4.2 -4.9
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 35 9.1 +0.0
ACWF iShares FactorSelect MSCI Global ETF 0.5 35 30 9.8 +0.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.4 20 45 12.8 +3.7
JOYY Infusive Compounding Global Equities ETF 0.4 50 15 4.9 -4.1
ACWV iShares Edge MSCI Min Vol Global ETF 0.4 20 45 6.5 -2.6
VT Vanguard Total World Stock Index Fund 0.3 8 57 7.8 -1.3
FILL iShares MSCI Global Energy Producers ETF 0.2 39 26 9.4 +0.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.2 16 49 8.5 -0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 56 7.5 -1.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Xtrackers Harvest CSI 300 China A-Shares ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.9 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 9.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.46
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.