Key Highlights

  • CETF employs a passive replication strategy to track the FTSE China A50 Index, providing exposure concentrated in mainland China A-shares, with China representing 97.53 percent of geographic exposure.
  • The fund reported net Assets of $33.58 million and a management fee of 0.60 percent per annum, having traded on ASX since 26 June 2015.
  • Technology and Financial Services are the two largest sector allocations, at 28.25 percent and 27.60 percent respectively, both above the Equity Greater China category averages.

The VanEck FTSE China A50 ETF (ASX:CETF) employs a passive management strategy of physically replicating the FTSE China A50 index by investing directly in the securities that comprise the reference index in proportion to their relative weightings. Admitted to ASX trading on 26 June 2015, the fund is categorised under Equity Greater China and provides investors with access to mainland China A-shares, a Market Segment not always directly accessible through other regional funds.

The fund reported net assets of $33.58 million and 563,587 units on issue, with a management fee of 0.60 percent per annum. Risk metrics show a Beta of 0.15 and a Standard Deviation of 11.91, both comparatively subdued figures relative to several other China-focused funds, reflecting the differing composition and lower historical variability of onshore A-share large caps relative to offshore-listed Chinese equities.

Sector Composition and Geographic Exposure

CETF's sector allocation is led by Technology at 28.25 percent, above the category average of 15.08 percent, followed closely by Financial Services at 27.60 percent, close to the category's 26.40 percent. Industrials stand at 12.02 percent, well above the category average of 5.03 percent, while Consumer Defensive exposure of 10.35 percent is also considerably above the category's 4.09 percent. By contrast, Consumer Cyclical at 3.96 percent trails the category average of 22.69 percent by a wide margin, reflecting the A-share market's differing sector composition relative to broader Greater China benchmarks.

Geographically, China represents 97.53 percent of the portfolio, above the category average of 95.36 percent, with Hong Kong contributing 2.31 percent and the United States 0.16 percent. The fund held 99.88 percent of assets in equities and 0.12 percent in cash.

Holdings, Returns and Distributions

The portfolio's top ten holdings account for 43.80 percent of total assets across 54 companies, indicating a comparatively less concentrated structure than some other China-focused funds. Kweichow Moutai is the largest position at 7.88 percent, followed by Contemporary Amperex Technology at 7.73 percent and Zhongji Innolight at 4.57 percent. China Merchants Bank, Foxconn Industrial Internet, Cambricon Technologies, Zijin Mining Group, China Yangtze Power, Agricultural Bank of China and Industrial and Commercial Bank of China complete the remaining top ten names.

The fund declared a final distribution of $1.190 per unit, producing an annual distribution Yield of 1.99 percent, with an ex-date of 1 July 2026 and payment date of 27 July 2026.