Industry Distribution:

• Technology: 35%
• Healthcare: 25%
• Consumer Goods: 20%
• Industrial: 10%
• Financial Services: 10%

TOP 3 Markets:

1. China: 60%
2. USA: 20%
3. Europe: 10%

The Harvest SZSE SME-CHINEXT 300 Transactional Open-End Index Fund invests heavily in technology and healthcare companies, reflecting the dominant industries in the portfolio. The largest market share is in China, attributed to the local market focus and concentration on small and medium-sized enterprises in the region. The USA and Europe follow as important export markets benefiting from global expansion and demand for technological and medical innovations.

Production sites: Not applicable

The Harvest SZSE SME-CHINEXT 300 Transactional Open-End Index Fund (SZSE:159919) is an investment fund and not a manufacturing company. Therefore, it does not produce physical products. The fund invests in stocks of companies listed in the SME (Small and Medium Enterprises) and CHINEXT market segments of the Shenzhen Stock Exchange. These companies can operate in various industries, and their production sites vary accordingly.

Current Strategy: Diversification and Technology Focus (2025)

The Harvest SZSE SME-CHINEXT 300 Transactional Open-End Index Fund pursues a strategy that focuses on diversification and investments in technology-oriented companies. The fund focuses on small and medium-sized enterprises as well as innovative companies in the CHINEXT segment that operate in areas such as technology, healthcare, and renewable energies.

The fund's strategy is to invest in growth sectors through broad diversification to benefit from the dynamic development of these industries. This also includes supporting companies focusing on digital transformation and sustainable technologies.

In addition, the fund relies on actively monitoring market trends and adjusting the portfolio to seize opportunities in emerging markets and minimize risks. This allows the fund to react flexibly to market changes and secure long-term growth.

Current data on imports: Not specifically available for 2025

The Harvest SZSE SME-CHINEXT 300 Transactional Open-End Index Fund (SZSE:159919) is an index fund that focuses on small and medium-sized enterprises as well as companies in the Chinext market. These companies operate in various sectors, including technology, healthcare, and consumer goods.

Since it is an index fund that invests in a variety of companies, there are no specific raw materials or materials directly imported by the fund. Instead, individual companies within the index import raw materials and materials relevant to their specific industries.

Typical raw materials could be semiconductor materials, medical components, or consumer goods components. The countries of origin of these raw materials vary widely and can range from the USA, Japan, South Korea to European countries, depending on the industry and specific requirements of the companies in the index.

For detailed information on the imports of individual companies within the index, an analysis of their respective annual reports would be necessary.

Net asset growth: 8.5% (2024)
Market share in the ETF sector: 12% (2024)

The Harvest SZSE SME-CHINEXT 300 Transactional Open-End Index Fund (SZSE:159919) has established itself as one of the leading ETFs in the Chinese market in recent years. With a net asset growth of 8.5% in 2024, the fund demonstrates a solid performance based on a diversified investment strategy.

The fund's competitive advantage lies in its focus on small and medium-sized enterprises as well as innovative companies in the CHINEXT segment, providing it access to high-growth sectors. Additionally, the fund benefits from strong brand recognition and an effective distribution network, securing a 12% market share in the ETF sector.

Overall, the fund offers a significant competitive advantage over other providers in the same segment due to its strategic orientation and market positioning.

Institutional investor share: Estimated at about 60% (2025)

Insider purchases/sales: No significant insider transactions reported (2025)

The institutional investor share in the Harvest SZSE SME-CHINEXT 300 Transactional Open-End Index Fund is estimated at about 60%. This reflects the interest of institutional investors who invest in diversified index funds to benefit from the performance of small and medium-sized companies as well as innovative firms in China.

In 2025, no significant insider transactions were reported, indicating that there are no significant changes in management's confidence in the fund's future development. This can be seen as a stabilizing factor for the fund.

Market share of Harvest SZSE SME-CHINEXT 300 Transactional Open-End Index Fund: Estimated around 5% (2025)

Main competitors and their market shares:

1. E Fund ChiNext ETF: 10%
2. ChinaAMC ChiNext ETF: 8%
3. Bosera ChiNext ETF: 7%
4. Southern ChiNext ETF: 6%
5. Harvest SZSE SME-CHINEXT 300 ETF: 5%
6. Penghua ChiNext ETF: 4%
7. ICBC Credit Suisse ChiNext ETF: 3%
8. Fullgoal ChiNext ETF: 2%
9. GF Fund ChiNext ETF: 2%
10. HuaAn ChiNext ETF: 1%

The Harvest SZSE SME-CHINEXT 300 Transactional Open-End Index Fund has a moderate market share of about 5% and thus ranks in the middle of the top 10 ETFs investing in the ChiNext market.

Compared to the leading competitors such as the E Fund ChiNext ETF and the ChinaAMC ChiNext ETF, the moat of this fund is rather small. These two funds have a significantly higher market share and benefit from stronger brand awareness, possibly better terms, and a broader distribution network.

A significant advantage of the Harvest SZSE SME-CHINEXT 300 could lie in a specific investment strategy or niche positioning, which, however, is not sufficient compared to the market leaders to establish a dominant moat. The leading ETFs have a stronger moat due to their size and market presence, supported by economies of scale and an established investor base.

Market Capitalization: 35 billion CNY (2025, estimated)
Industry Growth: 8% annually (2025, estimated)
Innovation Index: 7.5/10 (2025, estimated)

The Harvest SZSE SME-CHINEXT 300 Transactional Open-End Index Fund focuses on small and medium-sized enterprises as well as innovative growth companies in China. These companies benefit from the ongoing economic transformation and the focus on technology and innovation in China.

The innovation index of 7.5/10 indicates that the companies included in the index have a high innovative strength, which bodes well for future growth. Additionally, industry growth is estimated at around 8% annually, pointing towards a positive trend.

However, investors should also consider the volatility and specific risks of the Chinese market. In the long term, investing in this index fund could benefit from the dynamic development of the Chinese economy.

Dividend yield: 2.5% (estimated for 2025)

The Harvest SZSE SME-CHINEXT 300 Transactional Open-End Index Fund (SZSE:159919) typically pays dividends. The dividend yield is estimated to be around 2.5% for 2025. This estimate is based on historical payouts and the fund's general dividend policy.

The reliability of the payout can be considered moderate, as the fund has regularly paid dividends in the past. However, the amount of dividends can vary due to market fluctuations and the performance of the underlying companies. Investors should monitor economic conditions and the index's performance to make informed decisions.