Trip.com Group Ltd.

ISIN KYG9066F1019

WKN A3CMCK

Market cap (in EUR)

24,840 m

Country

Singapore

Sector

Consumer Services

Dividend yield

0.72%

Overview

Quote

Description

Trip.com Group Ltd. is a global one-stop travel platform, integrating a comprehensive suite of travel products and services and differentiated travel content. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems and advertising services. The firm operates under a portfolio of brands, including Ctrip, Qunar, Trip.com and Skyscanner. The company was founded by Jian Zhang Liang, Min Fan, Nan Peng Shen and Qi Ji in June 1999 and is headquartered in Singapore.

Show more Show less

Consumer Services Hospitality Services Singapore

Chart

Financials

Key metrics

Market capitalisation, EUR	24,840 m
EPS, EUR	5.49
P/B ratio	1.2
P/E ratio	6.5
Dividend yield	0.72%

Income statement (2025)

Revenue, EUR	7,696 m
Net income, EUR	4,106 m
Profit margin	53.35%

What ETF is Trip.com Group Ltd. in?

There are 172 ETFs which contain Trip.com Group Ltd.. All of these ETFs are listed in the table below. The ETF with the largest weighting of Trip.com Group Ltd. is the KraneShares CSI China Internet UCITS ETF EUR Hedged.

ETF	Weight	Investment focus	Fund size (in m EUR)
HSBC MSCI AC Far East ex Japan UCITS ETF USD (Dist)	0.28%	Equity Asia Pacific	32
iShares MSCI AC Far East ex-Japan UCITS ETF	0.28%	Equity Asia Pacific	1,725
iShares FTSE All-World UCITS ETF USD (Acc)	0.02%	Equity World	26
Amundi MSCI China ESG Selection Extra UCITS ETF Dist	2.18%	Equity China Social/Environmental	90
State Street SPDR MSCI EM Asia UCITS ETF USD	0.26%	Equity Asia Pacific	1,500
iShares MSCI EM UCITS ETF (Dist)	0.23%	Equity Emerging Markets	8,863
Xtrackers Portfolio UCITS ETF 1C	0.03%	Equity World Multi-Asset Strategy	759
iShares Moderate Portfolio UCITS ETF EUR (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	46
JPMorgan Global Emerging Markets Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF EUR (acc)	0.15%	Equity Emerging Markets Social/Environmental Climate Change	34
Amundi MSCI China ESG Selection Extra UCITS ETF Acc	2.18%	Equity China Social/Environmental	395
Invesco RAFI All-World Fundamental Value UCITS ETF	0.03%	Equity World Value	238
iShares Asia ex Japan Equity Enhanced Active UCITS ETF USD (Acc)	0.10%	Equity Asia Pacific Social/Environmental Multi-Asset Strategy	90
Franklin FTSE China UCITS ETF	1.02%	Equity China	1,418
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF CHF Hedged (acc)	0.02%	Equity World Social/Environmental	5
HSBC MSCI Emerging Markets UCITS ETF USD	0.22%	Equity Emerging Markets	3,608
iShares Moderate Portfolio UCITS ETF GBP Hedged (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	28
iShares Core MSCI Emerging Markets IMI UCITS ETF	0.19%	Equity Emerging Markets	1,512
Invesco FTSE All-World UCITS ETF GBP PfHdg Dist	0.04%	Equity World	26
KraneShares CSI China Internet UCITS ETF EUR	3.61%	Equity China Technology	138
iShares MSCI EM UCITS ETF (Acc)	0.22%	Equity Emerging Markets	8,607
Xtrackers MSCI Emerging Markets UCITS ETF 1C	0.21%	Equity Emerging Markets	11,631
Amundi Prime All Country World UCITS ETF Acc	0.03%	Equity World	2,326
KraneShares CSI China Internet UCITS ETF GBP	3.61%	Equity China Technology	43
Amundi FTSE All World GDP-Weighted UCITS ETF Acc	0.15%	Equity World	16
Xtrackers MSCI China UCITS ETF 1D	1.09%	Equity China	755
CT QR Series Global Equity Active UCITS ETF USD Dist	0.00%	Equity World Fundamental/Quality	-
Vanguard LifeStrategy 40% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	43
Goldman Sachs Alpha Enhanced Emerging Markets Equity Active UCITS ETF USD (Dist)	0.18%	Equity Emerging Markets Social/Environmental	0
iShares MSCI ACWI UCITS ETF USD (Dist)	0.02%	Equity World	18
UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-UKdis	0.23%	Equity Emerging Markets	100
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)	0.03%	Equity World	6,459
Xtrackers MSCI AC World Screened UCITS ETF 2C - EUR Hedged	0.03%	Equity World Social/Environmental	83
JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.18%	Equity Asia Pacific Social/Environmental	182
Vanguard ESG Global All Cap UCITS ETF (USD) Distributing	0.03%	Equity World Social/Environmental	600
KraneShares CSI China Internet UCITS ETF GBP Hedged	3.61%	Equity China Technology	1
Invesco MSCI China All Shares Stock Connect UCITS ETF	0.65%	Equity China	91
HSBC Emerging Market Screened Equity UCITS ETF USD	0.32%	Equity Emerging Markets Social/Environmental Climate Change	202
UBS MSCI EM Climate Paris Aligned UCITS ETF USD acc	0.31%	Equity Emerging Markets Social/Environmental Climate Change	625
iShares MSCI EM IMI Screened UCITS ETF USD (Dist)	0.21%	Equity Emerging Markets Social/Environmental	1,238
HSBC Hang Seng TECH UCITS ETF HKD	2.58%	Equity Hong Kong Technology	1,283
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Dist)	0.03%	Equity World	164
Xtrackers MSCI China UCITS ETF 1C	1.09%	Equity China	944
HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF USD (Acc)	0.52%	Equity Emerging Markets Social/Environmental Islamic Investing	152
Scalable MSCI AC World Xtrackers UCITS ETF 1C	0.06%	Equity World	705
Invesco MSCI Emerging Markets ESG Climate Paris Aligned UCITS ETF	0.44%	Equity Emerging Markets Social/Environmental Climate Change	117
iShares BIC 50 UCITS ETF USD (Dist)	1.54%	Equity Emerging Markets	104
UBS MSCI ACWI Universal UCITS ETF hEUR acc	0.03%	Equity World Social/Environmental	663
Vanguard LifeStrategy 20% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	16
JPMorgan Global Emerging Markets Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF USD (dist)	0.15%	Equity Emerging Markets Social/Environmental Climate Change	6
UBS Core MSCI EM UCITS ETF USD dis	0.23%	Equity Emerging Markets	2,680
Xtrackers FTSE All-World ex US UCITS ETF 1C	0.07%	Equity World	44
State Street SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.03%	Equity World	96
Amundi MSCI China ESG Selection UCITS ETF DR (C)	2.35%	Equity China Social/Environmental	189
Franklin FTSE Emerging Markets UCITS ETF Dist	0.25%	Equity Emerging Markets	4
State Street SPDR MSCI Emerging Markets UCITS ETF USD	0.23%	Equity Emerging Markets	1,837
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	0.04%	Equity World	55
Xtrackers MSCI AC World Screened UCITS ETF 1C	0.03%	Equity World Social/Environmental	6,023
JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.20%	Equity Emerging Markets Social/Environmental	1,986
Invesco FTSE All-World UCITS ETF	0.04%	Equity World	3,596
iShares Conservative Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	0
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)	0.19%	Equity Emerging Markets	36,843
JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	0.18%	Equity Asia Pacific Social/Environmental	1
iShares MSCI China UCITS ETF USD (Acc)	1.08%	Equity China	2,196
UBS MSCI ACWI Universal UCITS ETF USD dis	0.03%	Equity World Social/Environmental	2,267
State Street Climate Transition Emerging Markets Enhanced Equity Fund UCITS ETF	0.26%	Equity Emerging Markets Social/Environmental Climate Change	1
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	0.03%	Equity World Social/Environmental	17
Amundi Core MSCI Emerging Markets UCITS ETF Acc	0.23%	Equity Emerging Markets	4,140
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.02%	Equity World Social/Environmental	73
iShares Ageing Population UCITS ETF	0.36%	Equity World Health Care Social/Environmental Ageing Population	773
Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF	0.21%	Equity Emerging Markets Social/Environmental Climate Change	15
UBS MSCI ACWI Universal UCITS ETF hGBP acc	0.03%	Equity World Social/Environmental	281
Vanguard LifeStrategy 40% Equity UCITS ETF Accumulating	0.00%	Equity World Multi-Asset Strategy	235
iShares MSCI ACWI Screened UCITS ETF USD (Acc)	0.04%	Equity World Social/Environmental	2,859
iShares China Large Cap UCITS ETF	2.44%	Equity China	714
iShares MSCI EM IMI Screened UCITS ETF USD (Acc)	0.21%	Equity Emerging Markets Social/Environmental	5,766
iShares Emerging Markets Equity Enhanced Active UCITS ETF (Dist)	0.29%	Equity Emerging Markets Social/Environmental Multi-Asset Strategy	61
iShares MSCI EM CTB Enhanced ESG UCITS ETF USD (Dist)	0.21%	Equity Emerging Markets Social/Environmental	1,080
HSBC PLUS Emerging Markets Equity Quant Active UCITS ETF USD Acc	0.05%	Equity Emerging Markets Multi-Factor Strategy	134
UBS MSCI ACWI Universal UCITS ETF hJPY acc	0.03%	Equity World Social/Environmental	119
iShares MSCI EM CTB Enhanced ESG UCITS ETF USD (Acc)	0.21%	Equity Emerging Markets Social/Environmental	7,870
Invesco Emerging Markets Enhanced Equity UCITS ETF Acc	0.23%	Equity Emerging Markets Multi-Factor Strategy	112
iShares MSCI AC Far East ex-Japan UCITS ETF USD (Acc)	0.28%	Equity Asia Pacific	92
Amundi Core MSCI Emerging Markets UCITS ETF EUR Dist	0.23%	Equity Emerging Markets	1,127
WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF	0.32%	Equity Emerging Markets Social/Environmental	20
Invesco MSCI Emerging Markets Universal Screened UCITS ETF Acc	0.21%	Equity Emerging Markets Social/Environmental	53
Goldman Sachs Alpha Enhanced Emerging Markets Equity Active UCITS ETF USD (Acc)	0.18%	Equity Emerging Markets Social/Environmental	370
Xtrackers Portfolio Income UCITS ETF 1D	0.05%	Equity World Multi-Asset Strategy	58
HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD	0.17%	Equity Asia Pacific Social/Environmental Climate Change	543
Franklin FTSE Emerging Markets UCITS ETF (Acc)	0.25%	Equity Emerging Markets	7
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF USD C	0.03%	Equity World Social/Environmental	62
Vanguard LifeStrategy 80% Equity UCITS ETF (EUR) Accumulating	0.00%	Equity World Multi-Asset Strategy	1,183
State Street Emerging Markets Screened Enhanced Equity Fund UCITS ETF	0.22%	Equity Emerging Markets Social/Environmental	89
JPMorgan Global Emerging Markets Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF USD (acc)	0.15%	Equity Emerging Markets Social/Environmental Climate Change	179
HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD (Dist)	0.17%	Equity Asia Pacific Social/Environmental Climate Change	78
HSBC MSCI China UCITS ETF USD	1.09%	Equity China	824
Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Distributing	0.29%	Equity Emerging Markets Social/Environmental	19
KraneShares ICBCCS China S&P 500 UCITS ETF	0.47%	Equity China	67
iShares MSCI EM Asia UCITS ETF (Acc)	0.26%	Equity Asia Pacific	7,248
iShares Growth Portfolio UCITS ETF GBP Hedged (Acc)	0.02%	Equity World Social/Environmental Multi-Asset Strategy	27
HSBC MSCI AC Asia Pacific ex Japan Climate Paris Aligned UCITS ETF	0.29%	Equity Asia Pacific Social/Environmental Climate Change	16
Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.03%	Equity World	44,969
Amundi MSCI Emerging Markets ESG Selection UCITS ETF DR (C)	0.53%	Equity Emerging Markets Social/Environmental	1,057
HSBC MSCI AC Far East ex Japan UCITS ETF USD	0.28%	Equity Asia Pacific	402
Fidelity Emerging Markets Quality Income UCITS ETF ACC-USD	0.65%	Equity Emerging Markets Dividend	40
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Distributing	0.05%	Equity World Multi-Factor Strategy	217
Amundi MSCI EM Asia ESG Broad Transition UCITS ETF Acc	0.25%	Equity Asia Pacific Social/Environmental Climate Change	668
CT QR Series Global Equity Active UCITS ETF USD Acc	0.00%	Equity World Fundamental/Quality	-
Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C	1.57%	Equity China Social/Environmental Innovation	43
Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing	0.26%	Equity Emerging Markets	3,121
UBS MSCI ACWI Universal UCITS ETF hCHF dis	0.03%	Equity World Social/Environmental	67
iShares MSCI Emerging Markets Islamic UCITS ETF	0.58%	Equity Emerging Markets Islamic Investing	682
Xtrackers MSCI AC World Screened UCITS ETF 5C - USD Hedged	0.03%	Equity World Social/Environmental	1
JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	0.20%	Equity Emerging Markets Social/Environmental	26
JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.20%	Equity Emerging Markets Social/Environmental	28
UBS MSCI ACWI Universal UCITS ETF hCHF acc	0.03%	Equity World Social/Environmental	1,424
Xtrackers MSCI Emerging Markets UCITS ETF 1D	0.21%	Equity Emerging Markets	347
iShares MSCI ACWI UCITS ETF USD (Acc)	0.02%	Equity World	29,825
iShares Emerging Markets Equity Enhanced Active UCITS ETF USD (Acc)	0.29%	Equity Emerging Markets Social/Environmental Multi-Asset Strategy	1,266
Vanguard LifeStrategy 80% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	90
HSBC Emerging Market Screened Equity UCITS ETF USD (Dist)	0.32%	Equity Emerging Markets Social/Environmental Climate Change	59
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.02%	Equity World Social/Environmental	219
HSBC MSCI Emerging Markets UCITS ETF USD (Acc)	0.22%	Equity Emerging Markets	1,349
HSBC MSCI China UCITS ETF USD (Acc)	1.09%	Equity China	113
State Street SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.03%	Equity World	1,648
US Global Investors Travel UCITS ETF Accumulating	2.07%	Equity World Travel & Leisure Social/Environmental	19
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR Hedged (acc)	0.02%	Equity World Social/Environmental	28
iShares Conservative Portfolio UCITS ETF EUR (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	16
UBS Core MSCI EM UCITS ETF USD acc	0.23%	Equity Emerging Markets	8,058
Amundi Prime Emerging Markets UCITS ETF DR (C)	0.22%	Equity Emerging Markets	763
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating	0.05%	Equity World Multi-Factor Strategy	1,340
Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating	0.26%	Equity Emerging Markets	1,949
iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc)	1.17%	Equity World Consumer Discretionary	37
Amundi MSCI AC Far East Ex Japan ESG Selection UCITS ETF DR - USD (C)	0.78%	Equity Asia Pacific Social/Environmental	4
KraneShares CSI China Internet UCITS ETF USD	3.61%	Equity China Technology	424
iShares MSCI China UCITS ETF USD (Dist)	1.08%	Equity China	79
Xtrackers FTSE All-World UCITS ETF 1C	0.03%	Equity World	53
Invesco FTSE All-World UCITS ETF	0.04%	Equity World	270
BNP Paribas Easy MSCI Emerging Min TE UCITS ETF	0.23%	Equity Emerging Markets Social/Environmental	1,727
Vanguard LifeStrategy 20% Equity UCITS ETF Accumulating	0.00%	Equity World Multi-Asset Strategy	100
HANetf EMQQ Emerging Markets Internet UCITS ETF	2.54%	Equity Emerging Markets Social/Environmental E-commerce	106
Vanguard LifeStrategy 60% Equity UCITS ETF Accumulating	0.00%	Equity World Multi-Asset Strategy	903
BNP Paribas Easy MSCI China Min TE UCITS ETF USD Acc	1.13%	Equity China Social/Environmental	12
UBS MSCI AC Asia ex Japan Selection UCITS ETF USD acc	0.55%	Equity Asia Pacific Social/Environmental Climate Change	9
iShares Moderate Portfolio UCITS ETF USD Hedged (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	7
HSBC PLUS Emerging Markets Equity Income Quant Active UCITS ETF USD Dist	0.42%	Equity World Dividend	85
Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating	0.29%	Equity Emerging Markets Social/Environmental	97
Fidelity Emerging Markets Quality Income UCITS ETF INC-USD	0.65%	Equity Emerging Markets Dividend	146
Amundi Core MSCI Emerging Markets UCITS ETF USD Dist	0.23%	Equity Emerging Markets	91
iShares China Large Cap UCITS ETF USD (Acc)	2.44%	Equity China Large Cap	31
UBS MSCI China Universal UCITS ETF USD dis	1.33%	Equity China Social/Environmental Climate Change	204
Xtrackers MSCI Emerging Markets Climate Transition UCITS ETF 1C	0.19%	Equity Emerging Markets Social/Environmental Climate Change	160
iShares Growth Portfolio UCITS ETF EUR (Acc)	0.02%	Equity World Social/Environmental Multi-Asset Strategy	100
iShares Conservative Portfolio UCITS ETF GBP Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	3
Amundi Prime All Country World UCITS ETF Dist	0.03%	Equity World	4,614
UBS MSCI ACWI Climate Paris Aligned UCITS ETF USD acc	0.02%	Equity World Social/Environmental Climate Change	81
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (dist)	0.02%	Equity World Social/Environmental	59
HSBC MSCI Emerging Markets Climate Paris Aligned UCITS ETF	0.31%	Equity Emerging Markets Social/Environmental Climate Change	34
Vanguard FTSE All-World UCITS ETF (USD) Distributing	0.03%	Equity World	22,865
iShares STOXX World Equity Multifactor UCITS ETF USD (Acc)	0.12%	Equity World Multi-Factor Strategy	737
UBS MSCI ACWI Universal UCITS ETF hUSD acc	0.03%	Equity World Social/Environmental	1,291
State Street SPDR MSCI All Country World UCITS ETF USD Unhedged (Acc)	0.03%	Equity World	14,588
iShares Growth Portfolio UCITS ETF USD Hedged (Acc)	0.02%	Equity World Social/Environmental Multi-Asset Strategy	2
iShares STOXX World Equity Multifactor UCITS ETF EUR Hedged (Acc)	0.12%	Equity World Multi-Factor Strategy	28
Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C	0.46%	Equity Emerging Markets Social/Environmental	1,381
Amundi MSCI Emerging Markets ESG Broad Transition UCITS ETF DR (C)	0.19%	Equity Emerging Markets Social/Environmental Climate Change	1,963
Invesco FTSE All-World UCITS ETF CHF PfHdg Acc	0.04%	Equity World	63
KraneShares CSI China Internet UCITS ETF EUR Hedged	3.61%	Equity China Technology	2
Invesco RAFI Emerging Markets Fundamental Value UCITS ETF Dist	0.13%	Equity Emerging Markets Value	74
Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	0.03%	Equity World Social/Environmental	984
L&G Emerging Markets Equity UCITS ETF USD Acc	0.23%	Equity Emerging Markets Social/Environmental	130
Vanguard LifeStrategy 60% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	117
Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF	0.27%	Equity Emerging Markets Social/Environmental Climate Change	8

Performance

Returns overview

YTD	-41.70%
1 month	-8.46%
3 months	-16.85%
6 months	-44.15%
1 year	-30.77%
3 years	+9.04%
5 years	+38.09%
Since inception (MAX)	+22.00%
2025	-0.68%
2024	+96.34%
2023	-3.49%
2022	+68.97%

Monthly returns in a heat map

Risk

Risk metrics in this section:

Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.

ETF returns include dividend payments (if applicable).