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KBA

KraneShares Bosera MSCI China A ETF

Investment Strategy:

KBA tracks the MSCI China A International Index: a free-float adjusted market capitalization weighted index that is designed to track the equity market performance of large-cap and mid-cap Chinese securities listed on the Shanghai and Shenzhen Stock Exchanges. The Index is based on the concept of the integrated MSCI China equity universe with mainland Chinese securities included.

KBA provides:

  • Access to the Shanghai and Shenzhen Stock Exchanges - which are traditionally not available to US investors - via the RQFII program
  • KBA's holdings represent the mainland Chinese equities scheduled for inclusion into broad MSCI emerging markets indices
    • With $1.3 trillion benchmarked to the MSCI Emerging Markets Index1, full inclusion of mainland Chinese equities could see significant flows into the securities KBA owns today
  • Low price to earnings ratios relative to MSCI USA, MSCI Japan and MSCI Euro
  • Co-managed by Bosera Asset Management; headquartered in Shenzhen, $32 billion in AUM, one of the largest Chinese asset managers by assets2

1.) There is $1.3 trillion benchmarked to the MSCI Emerging Markets Index as of March 31 2014, as reported June 2014, by eVestment, Lipper and Bloomberg.

2.) Source: Bosera March 2014

Performance History

Data as of month end: 10/31/2014 Total Annual Fund Operating Expense (Gross): 1.10% Total Annual Fund Operating Expense (Net): 0.85%*
Cumulative Annualized Cumulative Calendar QTR
09/30/2014
1 Mo 3 Mo 6 Mo Since Inception
3/4/2014
1 Yr Since Inception
3/4/2014
1 Yr Since Inception
3/4/2014
Fund Nav 2.60% 8.87% 23.97% 18.27% 15.27%
Closing Price 2.99% 9.97% 23.36% 19.53% 16.07%
Index 2.63% 9.01% 23.40% 19.02% 15.96%

Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized Return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Fund Prices

Data as of 11/21/2014
Premium Discount Chart >
NAV
Net Asset Value$36.31
Daily Change 1.67%
Price
Closing Price $37.48
Daily Change3.82%

Fund Details

Data as of 11/21/2014
TickerKBA
Primary ExchangeNYSE
CUSIP500767405
ISINUS5007674055
Net Assets$3,631,220
Total Annual Fund Operating Expense (Gross) 1.10%
Total Annual Fund Operating Expense (Net) 0.85%*
Inception Date3/4/2014
Distribution FrequencyAnnual
View Distributions >

Sector Breakdown

Market Cap Breakdown >
Data as of 11/21/2014

Market Cap Breakdown

< Sector Breakdown
Data as of 11/21/2014
Data provided by ETF Research Center

*Effective July 10, 2014, KraneShares has contractually agreed to reduce its management fee from exceeding 0.85% of the Fund’s average daily net assets until July 31, 2015. In the absence of current fee waivers, performance would be reduced.

Valuation Metrics

Data as of 11/21/2014
 20132014
Price-to-earnings110.32%11.11%
Price-to-cash flow27.87%
Price-to-sales30.86% 0.93%
Price-to-book value41.35%1.51%
Yield (%)2.80%2.60%
Data provided by ETF Research Center

Per Share Results

Data as of 11/21/2014   
Sales40.26
Earnings3.38
Dividends0.99
Book Value24.86
 
Sales Growth14.08%
EPS Growth517.10%

Definitions:

  1. Price-to-earnings: A valuation method used to compare a company's current share price to its per-share earnings
  2. Price-to-cash flow: The ratio of a stock’s price to its cash flow per share
  3. Price-to-sales: A valuation ratio that compares a company's stock price to its revenues.
  4. Price-to-book value: A valuation ratio that compares a company's stock price to its revenues
  5. Earnings Per Share - EPS: The portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability
Data provided by ETF Research Center

Top 10 Holdings

Data as of 11/21/2014
Full Fund Holdings >
% of Net AssetsNameIdentifierShares HeldMarket Value($)
2.189CHINESE YUAN RENMINBICNY486,82879,483
2.18CHINA MERCHANTS BANK-A651872344,90079,171
2.057PING AN INSURANCE GROUP CB1SVWB610,40074,677
1.999INDUSTRIAL BANK CO LTD -AB1P13B641,54172,570
1.972SHANGHAI PUDONG DEVEL BAN618204340,64671,604
1.972AGRICULTURAL BANK OF CHINB620Y41170,66771,611
1.932IND & COMM BK OF CHINA-AB1G2JY3115,22170,168
1.738CHINA MINSHENG BANKING-A631074759,00063,094
1.734KWEICHOW MOUTAI CO LTD-A64148322,51962,978
1.702BANK OF COMMUNICATIONS COB1W9Z0685,44961,803

Holdings are subject to change.

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Premium Discount Chart

Data as of 11/21/2014
NAVMid-PointPremium/Discount
$36.31$37.48$1.17

Historical Data

Quarter Ending: 12/31/2014 NAV & Midpoint are calculated at 4:00pm ET
Days between 0% & +0.5%13.16%
# Of Days between 0% & +0.5%5
Days between -0.5% & 0%10.53%
# Of Days between -0.5% & 0%4
 
# of Days at:Premium34
NAV0
Discount4
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Fund Holdings

Data as of 11/21/2014
% of Net AssetsNameIdentifierShares HeldMarket Value($)
2.189CHINESE YUAN RENMINBICNY486,82879,483
2.18CHINA MERCHANTS BANK-A651872344,90079,171
2.057PING AN INSURANCE GROUP CB1SVWB610,40074,677
1.999INDUSTRIAL BANK CO LTD -AB1P13B641,54172,570
1.972SHANGHAI PUDONG DEVEL BAN618204340,64671,604
1.972AGRICULTURAL BANK OF CHINB620Y41170,66771,611
1.932IND & COMM BK OF CHINA-AB1G2JY3115,22170,168
1.738CHINA MINSHENG BANKING-A631074759,00063,094
1.734KWEICHOW MOUTAI CO LTD-A64148322,51962,978
1.702BANK OF COMMUNICATIONS COB1W9Z0685,44961,803
1.498CITIC SECURITIES CO-A657935521,40054,400
1.391SAIC MOTOR CORPORATION LT608697416,03350,494
1.35DAQIN RAILWAY CO LTD -AB193HF032,38549,014
1.302CHINA PACIFIC INSURANCE GB29WFR213,73347,287
1.207PING AN BANK CO LTD-A680200624,85243,821
1.172CHINA YANGTZE POWER CO LT671163029,85242,548
1.142CHINA EVERBRIGHT BANK CO-B53SCQ586,70041,475
1.119CHINA STATE CONSTRUCTIONB3Y6LV265,33140,639
0.998HAITONG SECURITIES CO LTD676655517,60036,235
0.901MIDEA GROUP CO LTD-ABDVHRJ89,19132,712
0.894CHINA SHENHUA ENERGY CO-AB281JM313,23132,467
0.889CHINA VANKE CO LTD -A680370821,10032,279
0.847BANK OF BEIJING CO LTD -AB249NZ222,96030,738
0.838GREE ELECTRIC APPLIANCES69902576,50030,425
0.832CHINA SHIPBUILDING INDUSTB4X9DB331,83230,195
0.819PETROCHINA CO LTD-AB28SLD923,50329,738
0.819CHINA LIFE INSURANCE CO-AB1LBS8210,57829,739
0.781GF SECURITIES CO LTD-A610717612,89328,354
0.763HUAXIA BANK CO LTD-A668343819,38927,699
0.761CHINA PETROLEUM & CHEMICA637372833,07327,646
0.753CHINA UNITED NETWORK-A654799846,12227,334
0.747INNER MONGOLIA YILI INDUS64588416,70027,128
0.738HANGZHOU HIKVISION DIGITAB450X038,66726,815
0.738CHINA RAILWAY GROUP LTD-AB292YZ337,21526,795
0.717BOE TECHNOLOGY GROUP CO L631469761,55526,029
0.704CHINA MERCHANTS SECURITIEB59QNS210,53925,552
0.689HUATAI SECURITIES CO LTD-B61VK2512,16125,017
0.67ANHUI CONCH CEMENT CO LTD64415958,68024,318
0.666CSR CORP LTD -AB3CPT8425,55524,199
0.656WULIANGYE YIBIN CO LTD-A61099018,26823,825
0.653CHINA CNR CORP LTD-AB50246422,50423,698
0.616POLY REAL ESTATE GROUP COB19RB3823,31722,384
0.604HENAN SHUANGHUI INVESTMEN61287804,75421,926
0.59CHINA RAILWAY CONSTRUCTIOB2PPPG418,61421,425
0.566BANK OF CHINA LTD-AB180B4942,63720,535
0.566SUNING COMMERCE GROUP COB01Y31216,11520,548
0.551JIANGSU HENGRUI MEDICINE62884573,29120,009
0.548YUNNAN BAIYAO GROUP CO LT69840452,27519,894
0.536BYD CO LTD -AB4663222,78619,477
0.524INNER MONGOLIA BAOTOU STE60420175,29619,031
0.521CHONGQING CHANGAN AUTOMOB61939488,19318,927
0.503QINGDAO HAIER CO LTD-A67168846,56718,280
0.493BAOSHAN IRON & STEEL CO-A630795423,90017,910
0.485GD POWER DEVELOPMENT CO -610728437,48417,625
0.472EVERBRIGHT SECURITIE CO -B3WTV807,39217,125
0.472SDIC POWER HOLDINGS CO LT641268714,81517,125
0.471INDUSTRIAL SECURITIES CO-B684TD111,33617,101
0.466SANY HEAVY INDUSTRY CO LT664882416,59716,908
0.466INNER MONGOLIAN BAOTOU ST633593334,79616,929
0.466CHINA CSSC HOLDINGS LTD-A61129102,96816,906
0.441FOUNDER SECURITIES CO LTDB3Y211013,28516,029
0.429HUANENG POWER INTL INC-A642213615,16015,593
0.429JIANGSU YANGHE BREWERY -AB55JM221,56715,588
0.426SHANGHAI RAAS BLOOD PROB39RLP42,10015,456
0.425XI AN AERO-ENGINE PLC -A64790243,46515,444
0.424NEW CHINA LIFE INSURANCEB75FVJ42,98115,413
0.423CHINA CITIC BANK CORP LTDB1VXHG918,46515,345
0.417SHENZHEN OVERSEAS CHINESE603699115,83215,147
0.415GREAT WALL MOTOR CO LTD-AB3WXMX42,90015,075
0.411ZTE CORP-A60730626,10014,929
0.405ZIJIN MINING GROUP CO LTDB2QZ4S834,36414,699
0.403GUANGHUI ENERGY CO LTD-A624796411,40014,629
0.4TASLY PHARMACEUTICAL GROU65415252,20014,511
0.398CHINA FORTUNE LAND DEVELO67276042,86714,440
0.397CHINA CONSTRUCTION BANK-AB24G12620,90014,399
0.394GUOYUAN SECURITIES CO LTD61100884,32814,302
0.393SHANGHAI FOSUN PHARMACEUT61211874,17914,287
0.39CHANGJIANG SECURITIES CO601667010,29014,162
0.388AVIC AIRCRAFT CO LTD-A60040175,79914,107
0.376SINOHYDRO GROUP LTD-AB4TH69020,86113,657
0.374GOERTEK INC -AB2R9WZ23,26813,579
0.373NARI TECHNOLOGY DEVELOPME66952285,30113,527
0.372WANHUA CHEMICAL GROUP CO63149324,69213,505
0.37METALLURGICAL CORP OF CHIB4KPYX329,51613,445
0.368HUAYU AUTOMOTIVE SYSTEMS68017135,57013,368
0.359BANK OF NINGBO CO LTD -AB232Y047,06813,039
0.346GEMDALE CORP-A63209739,70012,558
0.339OFFSHORE OIL ENGINEERING-64397949,58212,296
0.335SICHUAN CHUANTOU ENERGY C63130924,49612,163
0.333CHINA OILFIELD SERVICES-AB24G1154,30012,089
0.332KANGMEI PHARMACEUTICAL CO63343504,80012,068
0.332YANTAI JEREH OILFIELD-AB60Q9M42,15012,054
0.33SHANGHAI LUJIAZUI FIN&TRA65144752,50011,975
0.328SANAN OPTOELECTRONICS CO67735115,24611,896
0.326BANK OF NANJING CO LTD -AB232ZB26,47911,836
0.324CHINA NATIONAL CHEMICAL-AB58R0Z210,68111,771
0.323SHANGHAI INTERNATIONAL POB1G912612,57511,723
0.319CHINA INTERNATIONAL TRAVEB42G7J11,76611,599
0.316TBEA CO LTD-A60039736,90011,468
0.313SHANGHAI INTERNATIONAL AI61047804,16911,373
0.311ZOOMLION HEAVY INDUSTRY S628997713,70011,295
0.307ALUMINUM CORP OF CHINA LTB1WLHY017,41011,142
0.306WEICHAI POWER CO LTD-AB1WPGD43,25711,103
0.302JIANGSU KANGDE XIN AB3SYJL82,10010,954
0.3SUZHOU GOLD MANTIS CONSTRB1GGYB73,81710,880
0.297CHINA AVIC ELECTRONICS CO63718962,56710,796
0.296TCL CORP-A673113320,60010,762
0.29HAINAN AIRLINES CO-A618080925,69210,528
0.29CHINA HAINAN RUBBER INDUSB50Z5R17,09310,515
0.286JIANGXI COPPER CO LTD-A64345514,48810,375
0.277QINGHAI SALT LAKE INDUSTR61101072,90010,070
0.276HEBEI IRON & STEEL CO LTD687833123,09810,031
0.273SHANGHAI PHARMACEUTICALS-67839414,1699,910
0.273TSINGHUA TONGFANG CO LTD-60930604,8009,897
0.271GUANGZHOU BAIYUNSHAN PHAR63171792,3009,838
0.268AIR CHINA LTD-AB1B8WM512,3559,722
0.268CHINA MERCHANTS PROPERTY62058764,5219,728
0.266WUHAN IRON & STEEL CO LTD616501122,1519,656
0.264ZHEJIANG DAHUA TECHNOLOGYB2R83342,5009,579
0.262DONGFANG ELECTRIC CORP LT62785773,5649,531
0.262HUADIAN POWER INTL CORP-AB05R5D312,8759,501
0.261XINJIANG GOLDWIND SCI&TECB29VXG44,8009,490
0.26CHINA SHIPPING CONTAINER-B29PXW217,2529,435
0.258HUNAN TV & BROADCAST INT-61401823,1009,353
0.258TSINGTAO BREWERY CO LTD-A69028541,4889,365
0.255PANGANG GROUP VANADIUM TI667466918,7089,254
0.253BEIJING TONGRENTANG CO-A60035422,8959,193
0.249NORTHEAST SECURITIES CO L65044764,2719,044
0.249YONGHUI SUPERSTORES CO LTB3V4ND57,0729,040
0.248ZHONGJIN GOLD CORP-A66768256,3989,014
0.246CHINA EASTERN AIRLINES CO608526112,3078,921
0.245CHINA SPACESAT CO LTD -A60188582,5908,892
0.243NINGBO PORT CO LTD-AB3QMQ6813,9008,828
0.242CHINA SOUTHERN AIRLINES C666497215,3338,786
0.241PEOPLE.CN CO LTD-AB7GX3Z71,1888,765
0.24LIAONING CHENG DA CO LTD-65158543,0008,718
0.239DR PENG TELCOM & MEDIA GR62014983,0008,694
0.239SHANGHAI JAHWA UNITED CO63302391,5008,694
0.238NEW HOPE LIUHE CO LTD-A60375963,7528,631
0.238OCEANWIDE HOLDINGS CO A67813658,3028,634
0.237LUZHOU LAOJIAO CO LTD-A65174853,0898,593
0.236ZHENGZHOU YUTONG BUS CO -69907182,8008,567
0.231SICHUAN KELUN PHARMACEUTIB3YB7P31,5678,378
0.23AISINO CO LTD-A66512972,0008,342
0.23SEARAINBOW HLDG CORP CO-A68031062,0008,359
0.229CASHCASH8,3158,315
0.228SHANXI TAIGANG STAINLESS-611690112,3808,266
0.228SHANGHAI ORIENTAL PEARL-A68171294,5278,278
0.225TIANJIN ZHONGHUAN SEMICONB1VKWZ42,3008,163
0.225AVIC INVESTMENT HOLDINGS61106022,6528,153
0.224CHINA MINMETALS RARE EART61178852,0688,123
0.224SHENERGY COMPANY LIMITED-68179589,8868,118
0.224JINDUICHENG MOLYBDENUM COB2QQVG85,8668,140
0.224ANHUI USTC IFLYTEK CI -AB2R0YF91,7008,137
0.224SHANGHAI FRIENDSHIP GROUP68170883,3778,121
0.223BESTV NEW MEDIA CO LTD-A68013821,5828,107
0.222ZHEJIANG CHINA COMMODITIE65295325,8678,046
0.22FUYAO GROUP GLASS INDUSTR63535374,4008,002
0.22SHANDONG DONG-E E-JIAO-A62767191,4007,988
0.218ZHEJIANG LONGSHENG GROUP66732803,3007,914
0.217ZHEJIANG CHINT ELECTRICS-B5V7S331,7947,876
0.216JILIN AODONG MEDICINE IND60862971,9007,832
0.216CHINA COAL ENERGY CO-AB2NWDF210,0007,836
0.216XIAMEN C & D INC-A61169566,1827,832
0.215SINOPEC SHANGHAI PETROCHE680279413,1877,793
0.215CHINA SOUTH PUBLISHING -AB4N05763,2947,819
0.215HUAWEN MEDIA INVESTMENT -60169604,0007,810
0.215CHINA INTL MARINE CONTAIN61913402,7007,802
0.214WEIFU HIGH-TECHNOLOGY GRP61292551,8007,773
0.214HUADONG MEDICINE CO LTD-A62032458937,771
0.214BEIJING DABEINONG TECHNOLB4XRMZ43,5677,757
0.213SEALAND SECURITIES CO LTD60113184,1687,730
0.213SHENZHEN O-FILM TECH CO-AB3XCR352,2007,736
0.212SHANXI LU'AN ENVIRONMENTAB1CWSY04,9617,686
0.21SHANGHAI CHENGTOU HOLDING68173676,4757,643
0.206TONGLING NONFERROUS METAL60405504,2007,474
0.205XIAMEN TUNGSTEN CO LTD-A65610511,4697,427
0.204SHANGHAI CONSTRUCTION CO-61178747,9457,393
0.202RISESUN REAL ESTATE DEVELB23D6F64,0717,317
0.199HUALAN BIOLOGICAL ENGINEEB01KM021,3007,239
0.199XCMG CONSTRUCTION MACHIN-69842494,4707,210
0.198SHANXI XISHAN COAL & ELEC62815196,9057,181
0.197XJ ELECTRIC CO LTD-A60076852,2007,137
0.195CHINA RESOURCES SANJIU ME61874462,0917,097
0.192SOUND ENVIRONMENTAL RESOU61017251,7646,958
0.192SHENZHEN SALUBRIS PHARM-AB3ZLX541,1806,987
0.191BEIJING YANJING BREWERY C60128276,0876,946
0.191SHANDONG GOLD MINING CO L66834612,5626,922
0.19SHENZHEN AGRICULTURAL PRO67981053,7006,892
0.189TONGHUA DONGBAO PHARMACEU68824282,2006,871
0.188FINANCIAL STREET HOLDINGS61776856,6006,831
0.187FAW CAR COMPANY LIMITED-A60035313,4906,786
0.187YOUNGOR GROUP CO-A61310124,8006,794
0.185SICHUAN CHENGFEIB292Z058006,700
0.185BEIJING SL PHARMACEUTICALB02RJ679926,713
0.184BRIGHT DAIRY & FOOD CO LT65438222,6576,697
0.184GUANGSHEN RAILWAY CO LTD-B1L37D612,3396,668
0.183NEUSOFT CORP-A68024712,6986,647
0.182DHC SOFTWARE CO LTD -AB18TH932,2606,615
0.175INNER MONGOLIA JUNZHENGB4THGF64,4816,350
0.174GUANGDONG ALPHA ANIMATIONB427D961,2546,303
0.171GLODON SOTWARE CO LTD-AB3TRP301,6416,215
0.17CHENGDU XINGRONG INVESTME61039706,5006,155
0.169ZHEJIANG YASHA DECORATIONB642H791,9636,143
0.167BEIJING ORIENT LANDSCAPE-B5B4NF12,2196,079
0.163BEIJING CAPITAL CO LTD-A63770984,7685,924
0.163GANSU YASHENG INDUSTRIAL-60193894,2005,924
0.162YANGQUAN COAL INDUSTRY GR66807295,1965,879
0.159JOINTOWN PHARMACEUTICAL-AB5319W92,2595,783
0.157SHANXI XINGHUACUN FEN WIN68083611,9005,707
0.157ZHEJIANG BEINGMATE TECHNOB4ZNLC02,1715,706
0.156GUANGXI WUZHOU ZHONGHENG62959632,4005,681
0.156ZHANGZHOU PIENTZEHUANG PH66321623995,673
0.152JIZHONG ENERGY RESOURCES-61700154,8655,504
0.151KINGFA SCI.& TECH CO LTD-B01KBB65,6005,485
0.148HAINING CHINA LEATHER MARB5W7T402,3935,372
0.147LUXIN VENTURE CAPITAL GRP67994101,5925,346
0.143GUANGDONG GUANHAO HIGH-TE66236502,6025,199
0.142SOUTHWEST SECURITIES CO L63158383,1005,172
0.14XIZANG HAISCO PHARM-AB5V7SQ61,5675,093
0.14HISENSE ELECTRIC CO LTD-A67188572,8005,088
0.138YUNNAN CHIHONG ZINC & GERB00SNZ92,9615,022
0.129SHANGHAI ZHIXIN ELECTRIC66945602,3004,675
0.115FIBERHOME TELECOM TECH CO63888851,5654,164
0.109FUJIAN LONGKING CO LTD-A63147059003,954
0.109JIANGSU PHOENIX PUBLISH-AB59GJM82,2603,951
0.099BEIJING HUAYE REALESTATE-62581483,0773,612
0.098SHANXI LANHUA SCI-TECH-A61348392,4623,549
0.084MEIHUA HOLDINGS GROUP CO68787062,7983,065
0.079BOHAI LEASING CO LTD -A69810681,5752,877
0.073WUHAN KAIDI ELECTRIC-A61674822,1772,665
0.061ZHANGZHIDAO GROUP CO LTD-B1FHMT58842,231
0.056SHANGHAI DZH LTDB3XSCZ02,1002,050

Holdings are subject to change.

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2014 Distributions

Ex-DateRecord DatePayable DateAmount
6/25/14 6/27/14 6/30/14 $0.35088

2013 Distributions

Ex-DateRecord DatePayable DateAmount
12/26/13 12/30/13 12/31/13 none

There is no guarantee that dividends will be paid. To receive the distribution, you must be a registered shareholder of the ETF on the record date, and must have placed the ETF trade prior to the ex-date. Distributions are paid to shareholders on the payable date. Past distributions are not indicative of future trends. Please consult your tax professional or financial advisor for more information regarding your tax situation.