Highlights

  • FXI targets large Chinese companies listed in Hong Kong.
  • The published expense ratio is 0.73%.
  • The fund's distribution frequency is semi-annual.

iShares China Large-Cap ETF (NYSE Arca:FXI) seeks exposure to large Chinese companies listed in Hong Kong. With net asset value of USD 33.30 per share as of 2 November 2026, the fund reported net Assets of USD 3,816,664,788 as of 2 November 2026. Its Investment approach centres on tracking the FTSE China 50 index (Net).

Listing Venue Narrows the China Universe

FXI defines China exposure through a large company universe listed in Hong Kong. This gives the portfolio a specific entry point into Chinese equities, rather than representing every listed company with Chinese operations. Company size, index eligibility and sector composition all influence the resulting exposure. The economic location of a Business can also differ from the market on which its shares trade.

Portfolio Composition and Exposure

FXI reported 50 holdings as of 2 November 2026. This count describes the portfolio at that date and can change as securities enter or leave the fund. It does not indicate that each position carries the same weight.

The published exposure breakdown as of 2 November 2026 included Financials at 37.03% and Consumer Discretionary at 24.85%. These allocations show where a meaningful part of the portfolio's exposure was concentrated. The percentages can change with market values and portfolio adjustments.

Fees and Distribution Policy

FXI lists an expense ratio of 0.73%. This is an ongoing fund cost, rather than a charge covering every expense of buying or selling shares. Brokerage charges and the difference between buying and selling prices can add to an investor's transaction costs. Fund shares trade on NYSE Arca at market prices, which may differ from net asset value.

The stated distribution frequency is semi-annual. That schedule describes the timing framework for payments and does not establish a fixed amount. Distributions depend on the fund's available income and applicable distribution decisions. A cash payment also needs to be considered alongside changes in the value of the investment.

Key Insights

Chinese regulatory decisions, sector concentration and changes in investor access can affect the underlying equities. Trading ETF shares in US dollars does not remove the economic risks of overseas businesses. FXI's Hong Kong listing focus is central to its identity, while the largest sector weights reveal which business activities dominate the China allocation.