SPDR® S&P® China ETF GXC

NAV
$88.87
as of Feb 02 2023
Base Currency
USD
Assets Under Management
$1,373.09 M
as of Feb 02 2023
Gross Expense Ratio
0.59%

Key Features


  • The SPDR® S&P® China ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® China BMI Index (the “Index”)
  • Seeks to provide the investable universe of publicly traded companies domiciled in China that are available to foreign investors
  • May also include China A Shares available via the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect Facilities

About this Benchmark


The S&P® China BMI Index is a market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in China available to foreign investors. The Index also may include equity securities issued by companies incorporated in Mainland China that are denominated and currently traded in Renminbi on the Shanghai or Shenzhen Exchanges via the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect facilities (commonly known as “A Shares” or “China A Shares”). The Index component securities are a subset, based on region, of component securities included in the S&P Global BMI (Broad Market Index). The S&P Global BMI is a rules-based, float-adjusted market-cap weighted index that measures global stock market performance.  


Fund Information as of Feb 03 2023

Benchmark S&P China BMI Index
Inception Date Mar 20 2007
Options Available Yes
Gross Expense Ratio
0.59%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Semi-Annually

Listing Information as of Feb 03 2023

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Mar 20 2007 USD GXC 78463X400 US78463X4007

Fund Characteristics as of Feb 02 2023

Est. 3-5 Year EPS Growth
17.27%
Number of Holdings 940
Price/Book Ratio
1.49
Price/Earnings Ratio FY1
11.53
Weighted Average Market Cap $102,352.06 M

Index Characteristics as of Feb 02 2023

Est. 3-5 Year EPS Growth 17.26%
Number of Holdings 2,035
Price/Cash Flow 5.70
Price/Earnings 12.27
Price/Earnings Ratio FY1 11.21

Index Statistics as of Feb 02 2023

Average Size Size Range
Weighted Average Market Cap Mean Median Largest Smallest
$70,347.19 M $2,279.31 M $1,185.37 M $305,324.13 M $0.00 M

Yields as of Feb 02 2023

30 Day SEC Yield
1.59%
30 Day SEC Yield (Unsubsidized)
-
Fund Distribution Yield
2.36%
Index Dividend Yield
2.28%

Fund Market Price as of Feb 02 2023

Bid/Ask
$88.65
Closing Price
$88.70
Day High $89.67
Day Low $88.54
Exchange Volume (Shares)
17,002
Premium/Discount
-0.25%
30-Day Median Bid/Ask Spread
0.15%

Premium Discount to NAV Graph and Summary

Number of Days Summary

Calendar Year 2022
Days Traded at Premium
121
Days Traded at Discount
130

Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.


Fund Net Cash Amount as of Feb 02 2023

Net Cash Amount $136,019.26

Fund Net Asset Value as of Feb 02 2023

NAV
$88.87
Shares Outstanding 15.45 M
Assets Under Management $1,373.09 M

Fund Performance

  • Fund Inception Date: Mar 20 2007

as of Dec 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Mar 20 2007
Fund Before Tax
NAV Dec 31 2022 3.80% 12.41% -22.07% -22.07% -6.86% -4.42% 2.84% 4.53%
Market Value Dec 31 2022 1.74% 12.42% -22.36% -22.36% -7.12% -4.50% 2.58% 4.49%
S&P China BMI Index Dec 31 2022 3.87% 12.80% -21.94% -21.94% -6.45% -4.16% 3.08% 4.70%
Fund After Tax
Return after Taxes on Distributions Dec 31 2022 3.10% 11.65% -22.86% -22.86% -7.32% -4.85% 2.35% 4.14%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 2.25% 7.35% -13.04% -13.04% -5.16% -3.29% 2.22% 3.71%
S&P China BMI Index Dec 31 2022 3.87% 12.80% -21.94% -21.94% -6.45% -4.16% 3.08% 4.70%

as of Dec 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Mar 20 2007
Fund Before Tax
NAV Dec 31 2022 3.80% 12.41% -22.07% -22.07% -6.86% -4.42% 2.84% 4.53%
Market Value Dec 31 2022 1.74% 12.42% -22.36% -22.36% -7.12% -4.50% 2.58% 4.49%
S&P China BMI Index Dec 31 2022 3.87% 12.80% -21.94% -21.94% -6.45% -4.16% 3.08% 4.70%
Fund After Tax
Return after Taxes on Distributions Dec 31 2022 3.10% 11.65% -22.86% -22.86% -7.32% -4.85% 2.35% 4.14%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 2.25% 7.35% -13.04% -13.04% -5.16% -3.29% 2.22% 3.71%
S&P China BMI Index Dec 31 2022 3.87% 12.80% -21.94% -21.94% -6.45% -4.16% 3.08% 4.70%

Past performance is not a reliable indicator of future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  All results are historical and assume the reinvestment of dividends and capital gains. It is not possible to invest directly in an index.

Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Gross Expense Ratio: 0.59%


Top Holdings

as of Feb 02 2023
as of Feb 02 2023

Fund Top Holdings as of Feb 02 2023

Name Shares Held Weight
Tencent Holdings Ltd. 3,058,615 10.60%
Alibaba Group Holding Ltd. Sponsored ADR 979,969 7.63%
Meituan Class B 2,362,881 3.77%
China Construction Bank Corporation Class H 50,159,623 2.29%
JD.com Inc. Sponsored ADR Class A 493,660 2.08%
Pinduoduo Inc. Sponsored ADR Class A 276,062 1.95%
Ping An Insurance (Group) Company of China Ltd. Class H 3,146,100 1.72%
Baidu Inc Sponsored ADR Class A 141,419 1.52%
Industrial and Commercial Bank of China Limited Class H 35,434,789 1.32%
Netease Inc Sponsored ADR 188,078 1.21%
Download All Holdings: Daily

Index Top Holdings as of Feb 02 2023

Name Weight
Tencent Holdings Ltd. 10.63%
Alibaba Group Holding Ltd. Sponsored ADR 7.65%
Meituan Class B 3.31%
JD.com Inc. Sponsored ADR Class A 2.54%
China Construction Bank Corporation Class H 2.29%
Pinduoduo Inc. Sponsored ADR Class A 1.95%
Ping An Insurance (Group) Company of China Ltd. Class H 1.72%
Baidu Inc Sponsored ADR Class A 1.50%
Industrial and Commercial Bank of China Limited Class H 1.35%
Netease Inc Sponsored ADR 1.20%

Sector Allocation

as of Feb 02 2023
as of Feb 02 2023

Fund Sector Breakdown as of Feb 02 2023

Sector Weight
Consumer Discretionary 29.52%
Communication Services 15.76%
Financials 14.35%
Industrials 7.46%
Health Care 7.40%
Information Technology 6.79%
Consumer Staples 5.79%
Materials 4.84%
Real Estate 3.55%
Energy 2.50%
Utilities 2.02%

Index Sector Breakdown as of Feb 02 2023

Sector Weight
Consumer Discretionary 27.30%
Communication Services 16.04%
Financials 14.69%
Industrials 7.76%
Health Care 7.56%
Information Technology 6.89%
Consumer Staples 5.91%
Materials 5.05%
Real Estate 3.68%
Energy 2.49%
Utilities 2.13%
Unassigned 0.50%

Geographical Breakdown


Purchase Information


Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions may apply.


In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

Unless otherwise noted all information contained herein is that of the SPDR S&P China ETF.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

S&P - In net total return indices, the dividends are reinvested after the deduction of withholding tax. Tax rates are applied at the country level or at the index level.