Key Highlights

  • The fund holds 50 large-cap companies listed on the Hong Kong Stock Exchange.
  • China Construction Bank, Tencent and Alibaba are among the largest positions.
  • Net asset value is $34.74, after a one-day decline of $0.27, or 0.76%.
  • The expense ratio is 0.73%, and distributions are paid semi-annually.

Chinese equities remain a focal point for global investors, and the iShares China Large-Cap ETF (NYSEARCA:FXI) offers a route to the country’s largest listed companies through Hong Kong. Figures in this article are current to November 9, 2026. The fund seeks to track an index composed of large Chinese equities listed in Hong Kong, providing a concentrated single-country view. The fund trades on NYSE Arca and has been listed since October 2004.

Fund Fact

Detail

Exchange and ticker

NYSE Arca: FXI

Fund inception

October 5, 2004

Net assets

$3.98 billion

Net asset value

$34.74

Daily NAV change

-$0.27 (-0.76%)

Expense ratio

0.73%

30-day SEC yield

2.20%

Distribution frequency

Semi-annual

Number of holdings

50

Leading Holdings Across Sectors

Financial companies carry significant weight. China Construction Bank represents about 9.7% of market value, and Industrial and Commercial Bank of China about 6.6%. Bank of China and Ping An Insurance add further financial exposure.

Technology and internet names make up another large block, with Tencent at about 8.8%, Alibaba at 8.7% and Xiaomi at 5.4%. Meituan, NetEase and JD.com also appear among the top positions, giving the fund a mix of banking and consumer internet businesses.

Price Movement and Trading Activity

The net asset value fell $0.27 in the latest session, or 0.76%. Average Daily Volume is heavy, at about 21.4 million shares over the past 30 sessions, and the 30-day median bid-ask spread of 0.03% indicates tight trading costs.

Shares outstanding total about 114.6 million, and the premium or discount to NAV stood at -0.23 in recent figures, meaning shares traded a little below the value of holdings.

Costs, Income and Risks

The expense ratio of 0.73% consists of a management fee of the same amount. Distributions are paid semi-annually, and the 30-day SEC Yield of 2.20% reflects a meaningful income component.

Investing in China carries specific risks, including regulatory changes, currency movements, geopolitical developments and differences in reporting standards. With 50 companies in the portfolio, moves in a few large names can drive results.

Final Word

The iShares China Large-Cap ETF offers a focused, single-country gateway to large Chinese companies listed in Hong Kong. Its financial and internet-driven holdings and relatively high fee define its character. Investors considering the fund will weigh China exposure against their regional allocation and tolerance for policy-driven volatility.