Industry Distribution:

• Financial Services: approx. 30%
• Industry: approx. 20%
• Information Technology: approx. 15%

TOP 3 Markets:

1. China: approx. 95%
2. Hong Kong: approx. 3%
3. USA: approx. 2%

The DBX ETF Trust - Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) mainly invests in Chinese A-shares traded on the Shanghai and Shenzhen stock exchanges. The majority of revenues come from the financial sector, followed by industry and information technology.

As the ETF is heavily focused on the Chinese market, almost all revenues come from China, with only marginal shares from Hong Kong and the USA. This structure reflects the ETF's strategy to capitalize on the economic development and growth potential of the Chinese market.

DBX ETF Trust - Xtrackers Harvest CSI 300 China A-Shares ETF (ARCA:ASHR) is an exchange-traded fund (ETF) and not a company that produces physical products.

The ETF invests in A-shares traded on the Shanghai and Shenzhen stock exchanges. These shares represent companies based in China. The fund itself does not have a production site, as it does not produce physical products.

Fund Strategy: Replication of the CSI 300 Index
Focus: Investment in China A-Shares

The DBX ETF Trust - Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) aims to replicate the CSI 300 Index as closely as possible. This index comprises the 300 largest and most liquid stocks traded on the Shanghai and Shenzhen stock exchanges.

The growth of the fund is heavily dependent on the economic development of China, as it directly invests in A-shares there. The fund's strategy is to benefit from the long-term growth dynamics of the Chinese economy.

Future growth is supported by the increasing opening of Chinese financial markets to foreign investors and China's growing importance in the global economy. The fund could also benefit from a recovery of the Chinese economy after pandemic-related challenges.

Additionally, the fund could achieve further growth through an improved index composition and increased demand for diversified investment opportunities in emerging markets.

Imported Raw Materials: Steel, Copper, Aluminum, Crude Oil

Main Import Countries: Australia, Brazil, Saudi Arabia, Russia

The DBX ETF Trust - Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) invests in Chinese A-shares traded on the Shanghai and Shenzhen stock exchanges. These companies operate in various sectors, including those heavily reliant on imported raw materials.

China imports a variety of raw materials to support its industrial production. Steel and aluminum are essential materials for the construction and automotive industries, while copper is used in electronics and construction. Crude oil is crucial for energy supply and the petrochemical industry.

Australia and Brazil are leading exporters of iron ore and coal, essential for steel production. Saudi Arabia and Russia are important suppliers of crude oil, essential for China's energy supply. These imports are crucial to support economic growth and industrial production in China, which in turn affects the performance of the companies included in the ETF.

Market share: Estimated 5-7% in the China A-Shares ETFs sector (2026)
Expense ratio: 0.65% (2026)
Assets under management: Approximately 3 billion USD (2026)

The DBX ETF Trust - Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) has a significant competitive advantage due to its specialization in the Chinese A-Shares market. This allows investors access to a market segment that is challenging for many international investors to penetrate.

The expense ratio of 0.65% is competitive and provides investors with a cost-effective way to invest in the Chinese market. With assets under management of around 3 billion USD, the ETF is one of the larger providers in this segment, giving it a strong market presence.

In addition, ASHR benefits from the expertise and resources of Deutsche Bank, helping it to navigate a volatile and complex market environment. The competitive advantage is further strengthened by the increasing demand for diversified investment opportunities in China.

Institutional Investor Share: 45% (estimated, 2026)

Insider Buys/Sells: No significant transactions reported (estimated, 2026)

The institutional investor share of the Xtrackers Harvest CSI 300 China A-Shares ETF is estimated to be 45%. This indicates a moderate interest from institutional investors in this ETF, pointing to the potential of the Chinese market.

Insider buys or sells are less relevant for ETFs like ASHR, as they do not have traditional company structures with insiders. Therefore, there are usually no significant insider transactions.

Market share of ASHR: Estimate: approximately 5-7% (2026)

Top competitors and their market shares:

1. iShares MSCI China A ETF (CNYA): around 8-10%
2. KraneShares Bosera MSCI China A ETF (KBA): around 6-8%
3. SPDR MSCI China A Shares IMI ETF (XINA): around 4-6%
4. VanEck Vectors ChinaAMC CSI 300 ETF (PEK): around 3-5%
5. Invesco China A-Share ETF (CHNA): around 2-4%

Moat of ASHR:

The moat of ASHR lies in its strong focus on the CSI 300 Index, which provides broad coverage of the largest and most liquid stocks in mainland China. This allows investors direct access to A-shares that are often difficult for foreign investors to access.

Compared to competitors, ASHR has the advantage of an established brand and a solid performance history. However, the moat is not significantly larger than that of the competition, as many competitors track similar or even identical indices and also provide access to A-shares.

Some competitors like CNYA and KBA may offer a better moat through additional diversification or lower cost structures. Competition in the China A-shares ETF space is intense, and success often depends on fee structures, liquidity, and performance.

Fund Size: $2.5 billion USD (estimated, 2026) Annual Expense Ratio: 0.65% (2026) Performance of the Last 3 Years: +8.2% annually (estimated, 2026)

The DBX ETF Trust - Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) provides investors access to the 300 largest and most liquid stocks in mainland China. The ETF is particularly attractive to investors who want to benefit from China's long-term growth story, as it directly invests in A-shares that are usually only accessible to domestic investors.

In recent years, the ETF has achieved an average annual return of about 8.2%, attributed to China's robust economic development and the increasing opening of Chinese financial markets. The expense ratio of 0.65% is moderate compared to other ETFs, offering a good cost-benefit ratio.

However, investors should consider the geopolitical risks and volatility of the Chinese markets. Despite these risks, the ETF remains an interesting option for investors looking to diversify their portfolios and benefit from the dynamics of the Chinese economy.

Dividend Yield: 1.2% (estimated for 2026)

The DBX ETF Trust - Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) typically pays a dividend. The dividend yield for 2026 is estimated to be around 1.2%. This estimate is based on historical payouts and the performance of the underlying index, the CSI 300.

The reliability of the payout depends on several factors, including the economic situation in China and the performance of the companies included in the index. In the past, the ETF has regularly distributed dividends, indicating a certain level of stability. However, investors should keep an eye on economic developments in China and the performance of the CSI 300 Index to better assess future dividend payments.