Key Highlights

  • Global X China Tech ETF (ASX:DRGN) held a fund size of $82.53 million across 21 companies, having listed on the ASX on 8 May 2025.
  • Technology accounts for 46.61 per cent of the sector allocation, well above the category average of 13.86 per cent.
  • JD.com is the top holding at 10.30 per cent, closely followed by Tencent Holdings and East Money Information.
  • The fund's geographic exposure is entirely concentrated in China at 100.00 per cent, above the category average of 95.46 per cent.

Global X China Tech ETF (ASX:DRGN) is an ASX-listed fund that aims to track the Global X China Tech 20 Index, providing concentrated exposure to 20 of the largest China-listed technology companies. The fund was admitted to the ASX on 8 May 2025 and sits within the Equity Greater China Morningstar category, with a fund size of $82.53 million, 7,213,781 units on issue and a management fee of 0.45 per cent.

Sector Composition

DRGN's portfolio is heavily concentrated in technology, which represents 46.61 per cent of the fund, more than three times the category average of 13.86 per cent. Consumer cyclical contributes 14.58 per cent, below the category's 23.85 per cent, while communication services makes up 14.08 per cent, close to the category average of 13.64 per cent. Financial services accounts for 13.63 per cent, well below the category's 25.86 per cent, and industrials 11.10 per cent, more than double the category average of 5.06 per cent. The fund carries no allocation to real estate, healthcare, basic materials, consumer defensive or energy.

By market capitalisation, companies above $1 billion represent 100.00 per cent of the fund, above the category average of 95.88 per cent. The asset mix is 99.95 per cent equities and 0.05 per cent cash, with no bond or other exposure.

Top Holdings

DRGN holds 21 companies, with its top 10 positions accounting for 79.25 per cent of the fund. JD.com is the largest holding at 10.30 per cent, followed by Tencent Holdings at 10.23 per cent and East Money Information at 9.69 per cent. Xiaomi Corp holds a 9.44 per cent weighting, Contemporary Amperex Technology 8.59 per cent, Cambricon Technologies 7.77 per cent, Eoptolink Technology 7.22 per cent, Zhongji Innolight 7.16 per cent, Victory Giant Technology 4.76 per cent and Hua Hong Grace Semiconductor 4.05 per cent.

Geographic Exposure

The fund's geographic exposure is entirely concentrated in China, at 100.00 per cent, above the category average of 95.46 per cent, reflecting its focused mandate on China-listed technology companies.

Distribution and Risk Metrics

DRGN reported a Beta of 1.09 and a Standard Deviation of 32.66. The fund's most recent final distribution was $0.711 per unit, with an ex-date of 2 July 2026, producing an annual Yield of 6.37 per cent, and no distribution history predating July 2026 was recorded for the fund. The fund's ISIN is AU0000390049.

Conclusion

Global X China Tech ETF (ASX:DRGN) provides concentrated exposure to 21 leading China-listed technology companies spanning e-commerce, gaming, semiconductor and battery Manufacturing businesses. Its portfolio composition diverges substantially from its broader Equity Greater China Morningstar category, carrying a considerably higher technology weighting.