CGRO vs FLCH

CGRODCoreValues Alpha Greater China Growth ETF

FLCHAFranklin FTSE China ETF

In short

CGRO Most China ETFs hand you an index and hundreds of tickers. CGRO goes the other way: a concentrated 30-to-40 stock book, built from top-down sector calls across the mainland, Hong Kong and Taiwan, at 0.89%.

FLCH Cheap and wide, in the best way. FLCH holds roughly a thousand Chinese stocks and charges 0.19% a year, a fraction of what most single-country China funds ask. Whole market, small toll.

Stated mandate

CGRO The fund primarily invests in equity securities of growth companies with exposure to the economies of Greater China.

FLCH The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE China RIC Capped Index.

Why people hold it

• CGRO Active in the real sense: the team ranks Greater China sectors by growth potential first, then picks the stocks, landing on 30 to 40 names instead of an index roster.sec.govsec.gov 2
• "Greater China" here covers the mainland, Hong Kong and Taiwan, and the screen is revenue-based (companies with above 15% of sales from the region), not listing-based.cvafunds.comsec.gov
• Reaches mainland A-shares directly through Stock Connect alongside ADRs and Hong Kong listings, so it is not boxed into a single listing venue.sec.govcvafunds.com

• FLCH 0.19% a year, against a roughly 0.70% median for China funds. It also undercuts the category stalwarts MCHI and GXC, both at 0.59%.
• About 1,000 holdings, so you own the long tail of Chinese listings rather than a short list of mega-cap headline names.
• One job, done tightly: mirror the FTSE China RIC Capped Index before fees. On tracking it ranks among the strongest builds in its China peer group.sec.gov

Worth knowing

• CGRO At 0.89% the fee sits above the China-fund median; index-tracking peers come cheaper, FLCH at 0.19% and CXSE at 0.32%.
• A small fund that trades lightly, so spreads can widen and bigger orders can move the price more than in the category's giants.
• Non-diversified by design: a handful of positions can drive results, and single-country China exposure carries policy and currency swings.sec.gov

• FLCH It is China or nothing. Policy shifts, regulatory news and the currency drive the ride, with no other market in the basket to cushion it.
• Mid-sized and only moderately traded next to the category's giants, so bid-ask spreads can bite more on larger orders.
• Cash comes once or twice a year, not monthly. This is an equity index vehicle, not an income schedule.

Full CGRO profile⁠

Full FLCH profile⁠