iShares China Large-Cap ETF
FXI InternationalUpdated: Jul 5, 2026, 21:17 UTC
Key Metrics
Top 10 Holdings
| Holding | Ticker | Weight | Bar |
|---|---|---|---|
| Alibaba Group Holding Ltd Ordinary Shares | 9988.HK | 8.43% | |
| China Construction Bank Corp Class H | 00939 | 8.24% | |
| Tencent Holdings Ltd | 0700.HK | 7.21% | |
| Industrial And Commercial Bank Of China Ltd Class H | 01398 | 5.89% | |
| Xiaomi Corp Class B | 1810.HK | 5.37% | |
| Meituan Class B | 3690.HK | 4.34% | |
| Ping An Insurance (Group) Co. of China Ltd Class H | 02318 | 4.32% | |
| Bank Of China Ltd Class H | 03988 | 3.97% | |
| NetEase Inc Ordinary Shares | 9999.HK | 3.92% | |
| BYD Co Ltd Class H | 01211 | 3.73% |
Sector Allocation
About This ETF
The iShares China Large-Cap ETF (FXI) is a International ETF with an expense ratio (TER) of 0.73% and $5.5B in assets under management., with its largest holdings being Alibaba Group Holding Ltd Ordinary Shares, China Construction Bank Corp Class H, Tencent Holdings Ltd. The ETF currently yields 2.63% in dividends. Year-to-date, FXI has returned -19.26%.
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index designed to measure the performance of the largest companies in the Chinese equity market that trade on the Stock Exchange of Hong Kong and are available to international investors. The fund is non-diversified.
FAQ — FXI
What is the TER of FXI (iShares China Large-Cap ETF)?
FXI has a Total Expense Ratio (TER) of 0.73 % per year. That sits above the international category median (0.32 % across 13 peer ETFs). The TER is deducted directly from the fund and lowers your effective return.
What return has FXI delivered?
Performance for FXI: YTD: -19.26 % · 3-year p.a.: +7.51 % · 5-year p.a.: -4.62 %. Over 5 years, FXI underperforms the international category median of +8.56 % by -13.18 pp. Past performance is no guarantee of future returns.
What are the top holdings of FXI?
The five largest positions in FXI are: 9988.HK, 00939, 0700.HK, 01398, 1810.HK. The full holdings list is updated daily on this page.
Does FXI pay dividends?
FXI has a current dividend yield of 2.63 %. Distributing ETFs pay this out in cash; accumulating versions reinvest it inside the fund. Check the share class on your broker before buying.
Where can I buy or set up a savings plan for FXI?
FXI is available at most major brokers. For a free monthly savings plan from €1, look at Trade Republic, Scalable Capital or Flatex. The broker comparison on this site shows fees, free-savings-plan ETFs and execution exchanges side by side.
What Is the iShares China Large-Cap ETF (FXI)?
The iShares China Large-Cap ETF tracks the largest Chinese companies that trade on the Stock Exchange of Hong Kong and are available to international investors. With roughly $6.1B in assets, it bundles heavyweights such as Alibaba, Tencent and leading state banks. For investors, FXI offers a concentrated, non-diversified gateway to China’s domestic economy — a standalone emerging-market exposure that differs sharply from broad developed-market or global indices and behaves on its own cycle.
Performance and Drivers
FXI’s returns reflect the pronounced cycles of the Chinese market. Year to date the fund stands at −12.13%, with a five-year return of −3.13% annualized, while the three-year figure is positive at 12.34% per year. That spread shows how heavily regulatory action, the property downturn and stimulus measures move prices.
Financials dominate the portfolio at 34.73%, followed by consumer cyclical (27.32%) and communication services (15.85%). The trailing dividend yield is 2.52%. With an expense ratio of 0.73%, the price trades near its 52-week low of $34.63, well below the 52-week high of $42.00.
Risk Profile
FXI is a concentrated single-country investment and explicitly non-diversified. The key risks are:
- Concentration risk: financials make up 34.73% and the top ten holdings a substantial share — sector or policy shocks hit the fund directly.
- Regulatory and political risk: state intervention in technology and platform firms such as Alibaba or Tencent can reprice valuations abruptly.
- Currency risk: the fund is priced in US dollars and holds Hong Kong dollar shares. Euro-area investors face double FX exposure; a stronger euro erodes returns further.
- Emerging-market volatility: liquidity, transparency and geopolitical risks run higher than in developed markets.
Who Is FXI For?
FXI suits experienced investors with a long horizon who want to build a deliberate tactical or strategic China allocation and can tolerate sharp swings. Those betting on a recovery in Chinese domestic demand, the platform giants and the banking sector get a liquid, focused building block to use as a satellite position.
It is not appropriate as a core holding or for safety-oriented savers. Investors seeking broad, lower-volatility diversification should prefer a globally diversified product. Likewise, anyone unwilling to bear China’s regulatory and geopolitical risks, or the double currency exposure for euro investors, should look elsewhere. A small portfolio weighting is the conventional approach for this type of fund.
How FXI Compares
FXI is far narrower than broad emerging-market or international funds:
- VWO (Vanguard FTSE Emerging Markets): spans dozens of emerging markets, with China just one component. Much more diversified and cheaper than FXI’s 0.73% expense ratio.
- IEMG (iShares Core MSCI EM): also broad emerging-market exposure with lower cost and less single-country risk.
- VXUS (Vanguard Total International): covers developed and emerging markets ex-US — the opposite approach to FXI’s pure China focus.
FXI delivers the highest China purity, but without the risk-spreading of the broader alternatives.
Where can I buy FXI?
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