Home   »   ETFs :  SPDR® MSCI China A Shares IMI ETF (XINA)
XINA

SPDR® MSCI China A Shares IMI ETF

Fund Objective

The SPDR® MSCI China A Shares IMI ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI China A International IMI Index.

Ordinary brokerage commissions may apply.

Fund Information

As of   01/19/2017
Ticker Symbol XINA
Primary Benchmark MSCI China A International IMI Index
CUSIP 78463X210
Options Available No
Gross Expense Ratio

The gross expense ratio is the fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.65%
Inception Date 10/28/2015
Advisor SSGA Funds Management, Inc.
Sub-advisor State Street Global Advisors Asia Limited
Distributor State Street Global Markets, LLC
Distribution Frequency Quarterly
Exchange NYSE ARCA EXCHANGE

Fund Characteristics

As of   01/18/2017
Est. 3-5 Year EPS Growth

The Estimated 3-5 Year EPS Growth 

Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

11.42%
Number of Holdings 503
Price/Book Ratio

Price/Book Ratio

The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund’s portfolio as calculated for the last twelve months.

2.12
Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

Closing price divided by the sum of the forecasted fiscal year earnings per share.

16.61
Weighted Average Market Cap $15,424.69 M

Yields

As of   01/17/2017
30 Day SEC Yield

30 Day SEC Yield (Standardized Yield) 

An annualized yield that is calculated by dividing the investment income earned by the fund less expenses over the most recent 30-day period by the current maximum offering price.

0.66%
Fund Dividend Yield

Fund Dividend Yield is the sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

0.97%
Index Dividend Yield

Index Dividend Yield is the weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

1.48%

Index Characteristics

As of   12/31/2016
Est. 3-5 Year EPS Growth 11.06%
Number of Holdings 1,930
Price/Cash Flow 12.16
Price/Earnings 20.38
Price/Earnings Ratio FY1 16.43
Return On Equity 9.12%

Fund Documents

Fund Market Price

As of   01/18/2017
Bid/Ask $20.93
Closing Price N/A
Day High N/A
Day Low N/A
Exchange Volume (shares) N/A
Premium/Discount

Premium/Discount to NAV

Premium/Discount to NAV shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask – Closing NAV)  /  Closing NAV * 100)

-0.24%
Premium Discount to Nav Chart

Fund Net Asset Value

NAV

Market value of a mutual fund's and ETF's total assets, minus liabilities, divided by the number of shares outstanding

As of   01/18/2017
NAV $20.99
Shares Outstanding 100,000
Total Net Assets $2.10 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of   01/18/2017
Net Cash Amount -$3,520.38

Index Statistics

As of   12/31/2016
Weighted Average Market Cap $3,154.17 M
Average Size
Mean N/A
Median N/A
Size Range
Largest N/A
Smallest N/A

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 apply.

Performance Graphs

Month End as of 12/31/2016

Fund Inception Date: 10/28/2015

Index Inception Date: 09/02/2014

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; MSCI China A Shares IMI ETF" bmarkName="MSCI China A International IMI Index"><funds><field>1 Month</field><fund>-6.39</fund><index>-6.02</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>-2.94</fund><index>-2.33</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>-19.41</fund><index>-18.00</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>-19.41</fund><index>-18.00</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>-13.31</fund><index>-10.89</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings

Subject to change.

Subject to change.

As of   01/18/2017
Name Weight Shares Held
Kweichow Moutai Co. Ltd. Class A 2.48 % 1,000
Industrial Bank Co. Ltd. Class A 1.67 % 14,400
Shanghai Pudong Development Bank Co. Ltd. Class A 1.44 % 12,540
China Merchants Bank Co. Ltd. Class A 1.34 % 10,300
Ping An Insurance (Group) Company of China Ltd. Class A 1.31 % 5,200
China Minsheng Banking Corp. Ltd. Class A 0.93 % 14,500
Bank of China Limited Class A 0.91 % 37,100
Agricultural Bank of China Limited Class A 0.84 % 38,400
China State Construction Engineering Corp. Ltd. Class A 0.83 % 13,600
CRRC Corporation Limited Class A 0.82 % 11,800
Download All Holdings XLS

Index Top Holdings

As of 12/31/2016
Name Weight
Kweichow Moutai Co. Ltd. Class A 1.38 %
Ping An Insurance (Group) Company of China Ltd. Class A 1.26 %
China Merchants Bank Co. Ltd. Class A 1.19 %
Shanghai Pudong Development Bank Co. Ltd. Class A 1.15 %
Industrial Bank Co. Ltd. Class A 1.01 %
China Minsheng Banking Corp. Ltd. Class A 0.88 %
China State Construction Engineering Corp. Ltd. Class A 0.87 %
Agricultural Bank of China Limited Class A 0.80 %
Industrial and Commercial Bank of China Limited Class A 0.78 %
Bank of Communications Co. Ltd. Class A 0.74 %

Fund Sector Allocation

As of  01/18/2017
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>01/18/2017</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>20.26</rawValue><value>20.26%</value><label>Industrials</label><order>1</order></attribute><attribute><rawValue>18.96</rawValue><value>18.96%</value><label>Financials</label><order>2</order></attribute><attribute><rawValue>12.71</rawValue><value>12.71%</value><label>Materials</label><order>3</order></attribute><attribute><rawValue>11.69</rawValue><value>11.69%</value><label>Consumer Discretionary</label><order>4</order></attribute><attribute><rawValue>8.57</rawValue><value>8.57%</value><label>Information Technology</label><order>5</order></attribute><attribute><rawValue>7.43</rawValue><value>7.43%</value><label>Consumer Staples</label><order>6</order></attribute><attribute><rawValue>6.54</rawValue><value>6.54%</value><label>Real Estate</label><order>7</order></attribute><attribute><rawValue>6.03</rawValue><value>6.03%</value><label>Health Care</label><order>8</order></attribute><attribute><rawValue>3.46</rawValue><value>3.46%</value><label>Energy</label><order>9</order></attribute><attribute><rawValue>3.3</rawValue><value>3.30%</value><label>Utilities</label><order>10</order></attribute><attribute><rawValue>0.78</rawValue><value>0.78%</value><label>Telecommunication Services</label><order>11</order></attribute><attribute><rawValue>0.03</rawValue><value>0.03%</value><label>Unassigned</label><order>12</order></attribute></attributes></component>

Index Sector Allocation

As of  12/31/2016
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/31/2016</asOfDate><code>BMARK_SECTOR_ALLOCTAION</code><attributes><attribute><rawValue>21.08</rawValue><value>21.08%</value><label>Industrials</label><order>1</order></attribute><attribute><rawValue>18.27</rawValue><value>18.27%</value><label>Financials</label><order>2</order></attribute><attribute><rawValue>13.19</rawValue><value>13.19%</value><label>Consumer Discretionary</label><order>3</order></attribute><attribute><rawValue>12.48</rawValue><value>12.48%</value><label>Materials</label><order>4</order></attribute><attribute><rawValue>8.65</rawValue><value>8.65%</value><label>Information Technology</label><order>5</order></attribute><attribute><rawValue>6.95</rawValue><value>6.95%</value><label>Consumer Staples</label><order>6</order></attribute><attribute><rawValue>6.32</rawValue><value>6.32%</value><label>Health Care</label><order>7</order></attribute><attribute><rawValue>6.2</rawValue><value>6.20%</value><label>Real Estate</label><order>8</order></attribute><attribute><rawValue>3.61</rawValue><value>3.61%</value><label>Utilities</label><order>9</order></attribute><attribute><rawValue>2.59</rawValue><value>2.59%</value><label>Energy</label><order>10</order></attribute><attribute><rawValue>0.67</rawValue><value>0.67%</value><label>Telecommunication Services</label><order>11</order></attribute></attributes></component>

Fund Country Weights

As of  01/18/2017
China 100.00%

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.

Unless otherwise noted, all information herein is that of the SPDR® MSCI China A Shares IMI 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.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based.  The Prospectus contains a more detailed description of the limited relationship MSCI has with SSGA Funds Management, Inc and any related funds.

MSCI - Net total return indices reinvest dividends after the deduction of withholding taxes, using (for international indices) a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

No Team Members exists.

After Tax Returns

After-tax returns are calculated 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, and the after-tax returns shown are not relevant to investors who hold their fund shres through tad deferred arrangements such as 401(k) plans or individual retiredment accounts. After tax returns may not take into account year end tax adjustments, which are calculated only at the end of each tax year. The after tax returns could differ after year end tax adjustments are accounted for.

MSCI China A International IMI Index

The MSCI China A International IMI Index is a free-float adjusted, market capitalization weighted index (giving greater weight to larger companies, based on the value of securities available in the market) designed to capture large, mid and small cap representation across Chinese securities with A share listings on the Shanghai or Shenzhen Stock Exchanges. The Index is comprised solely of A Shares and aims to capture approximately 99% of the investible Chinese domestic A Shares equity universe.

Important Risk Information

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.

Chinese securities A shares involves certain investments risks and investment considerations including, (i) the small size of the market for Chinese securities relative to the US market, low volume of trading relative to U.S. securities, lack of liquidity and in price volatility, (ii) currency devaluations and other currency exchange rate fluctuations or blockage, (iii) the nature and extent of intervention by the Chinese government in the Chinese securities markets, whether such intervention will continue and the impact of such intervention or its discontinuation, (iv) the ability of Chinese issuers to unilaterally suspend trading of their securities, and (v) custody risks associated with investing through a RQFII.

Concentrated investments in a particular industry or sector may be more vulnerable to adverse changes in that industry or sector.

Derivative investments may involve risks such as potential illiquidity of the markets and additional risk of loss of principal.

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.

Foreign (non-U.S.) Securities may be subject to greater political, economic, environmental, credit and information risks. Foreign securities may be subject to higher volatility than U.S. securities, due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets.

Non-diversified funds that focus on a relatively small number of issuers tend to be more volatile than diversified funds and the market as a whole.

Passively managed funds hold a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.

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.

Premium Discount to NAV

As of  01/18/2017
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® MSCI China A Shares IMI ETF XINA $20.99 N/A $20.93 -0.24%
Download Fund Data

x axis: # of days y axis: # Premium/Discount percentage

The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

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.