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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: 09/30/2014 Total Annual Fund Operating Expense (Gross): 1.10% Total Annual Fund Operating Expense (Net): 0.85%*
Cumulative Annualized 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 5.49% 16.55% 19.57% 15.27% 15.27%
Closing Price 5.61% 16.45% 19.37% 16.07% 16.07%
Index 5.70% 16.98% 19.49% 15.96% 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 10/30/2014
Premium Discount Chart >
NAV
Net Asset Value$34.93
Daily Change 0.72%
Price
Closing Price $
Daily Change0.00%

Fund Details

Data as of 10/30/2014
TickerKBA
Primary ExchangeNYSE
CUSIP500767405
ISINUS5007674055
Net Assets$3,493,296
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 10/30/2014

Market Cap Breakdown

< Sector Breakdown
Data as of 10/30/2014
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 10/30/2014
 20132014
Price-to-earnings19.5910.32
Price-to-cash flow27.34
Price-to-sales30.80.86
Price-to-book value41.261.4
Yield (%)32.8
Data provided by ETF Research Center

Per Share Results

Data as of 10/30/2014   
Sales40.63
Earnings3.42
Dividends0.99
Book Value25.11
 
Sales Growth14.11%
EPS Growth517.14%

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 10/30/2014
Full Fund Holdings >
% of Net AssetsNameIdentifierShares HeldMarket Value($)
2.2CHINA MERCHANTS BANK-A651872344,90076,865
2.046PING AN INSURANCE GROUP CB1SVWB610,40071,488
2.032INDUSTRIAL BANK CO LTD -AB1P13B641,54170,979
1.997AGRICULTURAL BANK OF CHINB620Y41170,66769,763
1.936IND & COMM BK OF CHINA-AB1G2JY3115,22167,634
1.866SHANGHAI PUDONG DEVEL BAN618204340,64665,196
1.832KWEICHOW MOUTAI CO LTD-A64148322,51964,013
1.732CHINA MINSHENG BANKING-A631074759,00060,486
1.712BANK OF COMMUNICATIONS COB1W9Z0685,44959,798
1.328SAIC MOTOR CORPORATION LT608697416,03346,374

Holdings are subject to change.

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Premium Discount Chart

Data as of 10/30/2014
NAVMid-PointPremium/Discount
$34.93$0$0

Historical Data

Quarter Ending: 12/31/2014 NAV & Midpoint are calculated at 4:00pm ET
Days between 0% & +0.5%19.05%
# Of Days between 0% & +0.5%4
Days between -0.5% & 0%19.05%
# Of Days between -0.5% & 0%4
 
# of Days at:Premium17
NAV0
Discount4
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Fund Holdings

Data as of 10/30/2014
% of Net AssetsNameIdentifierShares HeldMarket Value($)
2.2CHINA MERCHANTS BANK-A651872344,90076,865
2.046PING AN INSURANCE GROUP CB1SVWB610,40071,488
2.032INDUSTRIAL BANK CO LTD -AB1P13B641,54170,979
1.997AGRICULTURAL BANK OF CHINB620Y41170,66769,763
1.936IND & COMM BK OF CHINA-AB1G2JY3115,22167,634
1.866SHANGHAI PUDONG DEVEL BAN618204340,64665,196
1.832KWEICHOW MOUTAI CO LTD-A64148322,51964,013
1.732CHINA MINSHENG BANKING-A631074759,00060,486
1.712BANK OF COMMUNICATIONS COB1W9Z0685,44959,798
1.328SAIC MOTOR CORPORATION LT608697416,03346,374
1.3CITIC SECURITIES CO-A657935521,40045,418
1.243CHINA PACIFIC INSURANCE GB29WFR213,73343,404
1.213PING AN BANK CO LTD-A680200624,85242,382
1.211DAQIN RAILWAY CO LTD -AB193HF032,38542,308
1.144CHINA YANGTZE POWER CO LT671163029,85239,975
1.14CHINA EVERBRIGHT BANK CO-B53SCQ586,70039,835
1.061CHINA STATE CONSTRUCTIONB3Y6LV265,33137,067
0.981CHINESE YUAN RENMINBICNY209,52034,258
0.942CHINA SHIPBUILDING INDUSTB4X9DB331,83232,894
0.912CHINA SHENHUA ENERGY CO-AB281JM313,23131,844
0.907CHINA VANKE CO LTD -A680370821,10031,671
0.866MIDEA GROUP CO LTD-ABDVHRJ89,19130,266
0.858BANK OF BEIJING CO LTD -AB249NZ222,96029,958
0.85PETROCHINA CO LTD-AB28SLD923,50329,705
0.843HAITONG SECURITIES CO LTD676655517,60029,439
0.824GREE ELECTRIC APPLIANCES69902576,50028,770
0.819HANGZHOU HIKVISION DIGITAB450X038,66728,597
0.802CHINA PETROLEUM & CHEMICA637372833,07328,011
0.771CHINA UNITED NETWORK-A654799846,12226,922
0.767HUAXIA BANK CO LTD-A668343819,38926,788
0.764CHINA LIFE INSURANCE CO-AB1LBS8210,57826,687
0.755INNER MONGOLIA YILI INDUS64588416,70026,357
0.749BOE TECHNOLOGY GROUP CO L631469761,55526,168
0.732CHINA RAILWAY GROUP LTD-AB292YZ337,21525,556
0.694CSR CORP LTD -AB3CPT8425,55524,235
0.687ANHUI CONCH CEMENT CO LTD64415958,68023,985
0.679GF SECURITIES CO LTD-A610717612,89323,716
0.679CHINA CNR CORP LTD-AB50246422,50423,733
0.67WULIANGYE YIBIN CO LTD-A61099018,26823,414
0.639HENAN SHUANGHUI INVESTMEN61287804,75422,309
0.617BYD CO LTD -AB4663222,78621,560
0.613POLY REAL ESTATE GROUP COB19RB3823,31721,426
0.61JIANGSU HENGRUI MEDICINE62884573,29121,292
0.606SUNING COMMERCE GROUP COB01Y31216,11521,158
0.588CHINA MERCHANTS SECURITIEB59QNS210,53920,557
0.582CHINA RAILWAY CONSTRUCTIOB2PPPG418,61420,330
0.568YUNNAN BAIYAO GROUP CO LT69840452,27519,852
0.566CHONGQING CHANGAN AUTOMOB61939488,19319,786
0.565CHINA CSSC HOLDINGS LTD-A61129102,96819,722
0.555HUATAI SECURITIES CO LTD-B61VK2512,16119,387
0.541BANK OF CHINA LTD-AB180B4942,63718,892
0.528INNER MONGOLIA BAOTOU STE60420175,29618,453
0.51SDIC POWER HOLDINGS CO LT641268714,81517,804
0.497GD POWER DEVELOPMENT CO -610728437,48417,344
0.49SHANGHAI RAAS BLOOD PROB39RLP42,10017,127
0.488BAOSHAN IRON & STEEL CO-A630795423,90017,038
0.486QINGDAO HAIER CO LTD-A67168846,56716,986
0.484XI AN AERO-ENGINE PLC -A64790243,46516,911
0.465HUANENG POWER INTL INC-A642213615,16016,236
0.46SANY HEAVY INDUSTRY CO LT664882416,59716,065
0.451INNER MONGOLIAN BAOTOU ST633593334,79615,759
0.443JIANGSU YANGHE BREWERY -AB55JM221,56715,480
0.44AVIC AIRCRAFT CO LTD-A60040175,79915,370
0.428ZTE CORP-A60730626,10014,951
0.426TASLY PHARMACEUTICAL GROU65415252,20014,885
0.425GUANGHUI ENERGY CO LTD-A624796411,40014,856
0.425ZIJIN MINING GROUP CO LTDB2QZ4S834,36414,833
0.41CHINA CITIC BANK CORP LTDB1VXHG918,46514,310
0.41GOERTEK INC -AB2R9WZ23,26814,331
0.409GREAT WALL MOTOR CO LTD-AB3WXMX42,90014,291
0.407NARI TECHNOLOGY DEVELOPME66952285,30114,232
0.4SHENZHEN OVERSEAS CHINESE603699115,83213,978
0.4CHINA CONSTRUCTION BANK-AB24G12620,90013,976
0.386NEW CHINA LIFE INSURANCEB75FVJ42,98113,481
0.385FOUNDER SECURITIES CO LTDB3Y211013,28513,445
0.384SINOHYDRO GROUP LTD-AB4TH69020,86113,405
0.379SHANGHAI FOSUN PHARMACEUT61211874,17913,235
0.377WANHUA CHEMICAL GROUP CO63149324,69213,180
0.373EVERBRIGHT SECURITIE CO -B3WTV807,39213,017
0.372SANAN OPTOELECTRONICS CO67735115,24612,986
0.37SICHUAN CHUANTOU ENERGY C63130924,49612,938
0.365CHINA OILFIELD SERVICES-AB24G1154,30012,761
0.359METALLURGICAL CORP OF CHIB4KPYX329,51612,547
0.357KANGMEI PHARMACEUTICAL CO63343504,80012,486
0.352OFFSHORE OIL ENGINEERING-64397949,58212,298
0.352GEMDALE CORP-A63209739,70012,307
0.35BANK OF NINGBO CO LTD -AB232Y047,06812,227
0.347YANTAI JEREH OILFIELD-AB60Q9M42,15012,124
0.345HUAYU AUTOMOTIVE SYSTEMS68017135,57012,058
0.34CHINA FORTUNE LAND DEVELO67276042,86711,892
0.336CHINA AVIC ELECTRONICS CO63718962,56711,722
0.334INDUSTRIAL SECURITIES CO-B684TD111,33611,658
0.332CHINA NATIONAL CHEMICAL-AB58R0Z210,68111,596
0.329CHANGJIANG SECURITIES CO601667010,29011,491
0.328GUOYUAN SECURITIES CO LTD61100884,32811,464
0.324SUZHOU GOLD MANTIS CONSTRB1GGYB73,81711,315
0.318JIANGSU KANGDE XIN AB3SYJL82,10011,104
0.313TBEA CO LTD-A60039736,90010,921
0.311ZOOMLION HEAVY INDUSTRY S628997713,70010,864
0.311CHINA INTERNATIONAL TRAVEB42G7J11,76610,868
0.31ZHEJIANG DAHUA TECHNOLOGYB2R83342,50010,816
0.31ALUMINUM CORP OF CHINA LTB1WLHY017,41010,845
0.309CASHCASH10,80910,809
0.305TCL CORP-A673113320,60010,643
0.304WEICHAI POWER CO LTD-AB1WPGD43,25710,624
0.302SHANGHAI INTERNATIONAL AI61047804,16910,565
0.297BANK OF NANJING CO LTD -AB232ZB26,47910,381
0.296GUANGZHOU BAIYUNSHAN PHAR63171792,30010,323
0.287SHANGHAI PHARMACEUTICALS-67839414,16910,013
0.282CHINA SPACESAT CO LTD -A60188582,5909,863
0.282JIANGXI COPPER CO LTD-A64345514,4889,862
0.274HAINAN AIRLINES CO-A618080925,6929,577
0.272CHINA HAINAN RUBBER INDUSB50Z5R17,0939,510
0.272XINJIANG GOLDWIND SCI&TECB29VXG44,8009,504
0.271TSINGTAO BREWERY CO LTD-A69028541,4889,476
0.27CHINA MERCHANTS PROPERTY62058764,5219,447
0.268YONGHUI SUPERSTORES CO LTB3V4ND57,0729,366
0.265GUANGZHOU SHIPYARD INTL C63932433,3009,248
0.263HEBEI IRON & STEEL CO LTD687833123,0989,177
0.262CHINA SHIPPING CONTAINER-B29PXW217,2529,167
0.26HUADIAN POWER INTL CORP-AB05R5D312,8759,094
0.259HUNAN TV & BROADCAST INT-61401823,1009,052
0.258SHANGHAI JAHWA UNITED CO63302391,5008,996
0.258AIR CHINA LTD-AB1B8WM512,3559,030
0.258WUHAN IRON & STEEL CO LTD616501122,1519,018
0.257SICHUAN CHANGHONG ELECTRI681820712,7008,991
0.255PANGANG GROUP VANADIUM TI667466918,7088,901
0.254BEIJING TONGRENTANG CO-A60035422,8958,861
0.253ZHONGJIN GOLD CORP-A66768256,3988,850
0.251PEOPLE.CN CO LTD-AB7GX3Z71,1888,768
0.251SHANGHAI LUJIAZUI FIN&TRA65144752,5008,768
0.251HUADONG MEDICINE CO LTD-A62032458938,752
0.249DONGFANG ELECTRIC CORP LT62785773,5648,694
0.248TSINGHUA TONGFANG CO LTD-60930604,8008,664
0.247SHANXI TAIGANG STAINLESS-611690112,3808,643
0.245ZHENGZHOU YUTONG BUS CO -69907182,8008,565
0.243ANHUI USTC IFLYTEK CI -AB2R0YF91,7008,497
0.242TIANJIN ZHONGHUAN SEMICONB1VKWZ42,3008,438
0.239LUZHOU LAOJIAO CO LTD-A65174853,0898,353
0.237SHANGHAI ORIENTAL PEARL-A68171294,5278,290
0.237WEIFU HIGH-TECHNOLOGY GRP61292551,8008,279
0.236AISINO CO LTD-A66512972,0008,234
0.236NEW HOPE LIUHE CO LTD-A60375963,7528,226
0.234AVIC INVESTMENT HOLDINGS61106022,6528,165
0.232SICHUAN KELUN PHARMACEUTIB3YB7P31,5678,109
0.232NINGBO PORT CO LTD-AB3QMQ6813,9008,091
0.232BESTV NEW MEDIA CO LTD-A68013821,5828,119
0.23CHINA SOUTH PUBLISHING -AB4N05763,2948,025
0.229DR PENG TELCOM & MEDIA GR62014983,0007,995
0.229CHINA SOUTHERN AIRLINES C666497215,3337,997
0.229CHINA MINMETALS RARE EART61178852,0688,013
0.228SINOPEC SHANGHAI PETROCHE680279413,1877,956
0.228HUAWEN MEDIA INVESTMENT -60169604,0007,953
0.224SHANDONG DONG-E E-JIAO-A62767191,4007,828
0.224SHENZHEN O-FILM TECH CO-AB3XCR352,2007,823
0.223HAN'S LASER TECHNOLOGY COB01KLZ02,6967,780
0.223SHENERGY COMPANY LIMITED-68179589,8867,807
0.222XIAMEN C & D INC-A61169566,1827,752
0.222ZHEJIANG LONGSHENG GROUP66732803,3007,753
0.22CHINA COAL ENERGY CO-AB2NWDF210,0007,684
0.22LIAONING CHENG DA CO LTD-65158543,0007,701
0.22JINDUICHENG MOLYBDENUM COB2QQVG85,8667,673
0.217FUYAO GROUP GLASS INDUSTR63535374,4007,597
0.217SHANGHAI CHENGTOU HOLDING68173676,4757,580
0.216BEIJING DABEINONG TECHNOLB4XRMZ43,5677,552
0.215OCEANWIDE HOLDINGS CO A67813658,3027,506
0.212FAW CAR COMPANY LIMITED-A60035313,4907,389
0.212CHINA INTL MARINE CONTAIN61913402,7007,390
0.211XJ ELECTRIC CO LTD-A60076852,2007,367
0.211SHANXI LU'AN ENVIRONMENTAB1CWSY04,9617,357
0.21CHINA RESOURCES SANJIU ME61874462,0917,343
0.21HUALAN BIOLOGICAL ENGINEEB01KM021,3007,341
0.21CHINA EASTERN AIRLINES CO608526112,3077,344
0.21SHENZHEN AGRICULTURAL PRO67981053,7007,320
0.209SEARAINBOW HLDG CORP CO-A68031062,0007,289
0.208TONGLING NONFERROUS METAL60405504,2007,279
0.204SHANXI XISHAN COAL & ELEC62815196,9057,135
0.204NORTHEAST SECURITIES CO L65044764,2717,137
0.204SICHUAN CHENGFEIB292Z058007,109
0.203ZHEJIANG CHINT ELECTRICS-B5V7S331,7947,084
0.202GUANGDONG ALPHA ANIMATIONB427D961,2547,071
0.201XIAMEN TUNGSTEN CO LTD-A65610511,4697,032
0.201RISESUN REAL ESTATE DEVELB23D6F64,0717,015
0.2SHANGHAI FRIENDSHIP GROUP68170883,3776,973
0.199ZHEJIANG YASHA DECORATIONB642H791,9636,942
0.198SHANDONG GOLD MINING CO L66834612,5626,932
0.197BEIJING SL PHARMACEUTICALB02RJ679926,898
0.197SHENZHEN SALUBRIS PHARM-AB3ZLX541,1806,887
0.195GUANGSHEN RAILWAY CO LTD-B1L37D612,3396,799
0.194BEIJING YANJING BREWERY C60128276,0876,777
0.193BRIGHT DAIRY & FOOD CO LT65438222,6576,742
0.193SHANGHAI CONSTRUCTION CO-61178747,9456,755
0.192FINANCIAL STREET HOLDINGS61776856,6006,712
0.192SOUND ENVIRONMENTAL RESOU61017251,7646,717
0.191SEALAND SECURITIES CO LTD60113184,1686,671
0.191JILIN AODONG MEDICINE IND60862971,9006,679
0.189NORTH NAVIGATION CONTROL66499461,4006,617
0.187GLODON SOTWARE CO LTD-AB3TRP301,6416,533
0.187YOUNGOR GROUP CO-A61310124,8006,522
0.187ZHEJIANG CHINA COMMODITIE65295325,8676,523
0.186GUANGZHOU HAIGE COMMUNICAB51R1H82,3756,500
0.185SHANGHAI INTERNATIONAL POB1G91267,4756,477
0.181NEUSOFT CORP-A68024712,6986,308
0.18DHC SOFTWARE CO LTD -AB18TH932,2606,270
0.178BEIJING ORIENT LANDSCAPE-B5B4NF12,2196,215
0.178JOINTOWN PHARMACEUTICAL-AB5319W92,2596,220
0.177XCMG CONSTRUCTION MACHIN-69842494,4706,197
0.174INNER MONGOLIA JUNZHENGB4THGF64,4816,066
0.171CHENGDU XINGRONG INVESTME61039706,5005,983
0.17TONGHUA DONGBAO PHARMACEU68824282,2005,935
0.167BEIJING CAPITAL CO LTD-A63770984,7685,831
0.167YANGQUAN COAL INDUSTRY GR66807295,1965,845
0.164ZHEJIANG BEINGMATE TECHNOB4ZNLC02,1715,729
0.164ZHANGZHOU PIENTZEHUANG PH66321623995,735
0.163XIZANG HAISCO PHARM-AB5V7SQ61,5675,685
0.163GUANGXI WUZHOU ZHONGHENG62959632,4005,686
0.156GANSU YASHENG INDUSTRIAL-60193894,2005,452
0.155JIZHONG ENERGY RESOURCES-61700154,8655,409
0.155HAINING CHINA LEATHER MARB5W7T402,3935,399
0.148SOUTHWEST SECURITIES CO L63158383,1005,180
0.148SHANXI XINGHUACUN FEN WIN68083611,9005,153
0.148HISENSE ELECTRIC CO LTD-A67188572,8005,164
0.147GUANGDONG GUANHAO HIGH-TE66236502,6025,143
0.144YUNNAN CHIHONG ZINC & GERB00SNZ92,9615,030
0.139KINGFA SCI.& TECH CO LTD-B01KBB65,6004,843
0.134SHANGHAI ZHIXIN ELECTRIC66945602,3004,682
0.131QINGHAI SALT LAKE INDUSTR61101071,5004,588
0.13GUANGDONG GOLDEN DRAGON63938561,5004,554
0.125LUXIN VENTURE CAPITAL GRP67994101,5924,380
0.121FUJIAN LONGKING CO LTD-A63147059004,241
0.116FIBERHOME TELECOM TECH CO63888851,5654,043
0.113JIANGSU PHOENIX PUBLISH-AB59GJM82,2603,957
0.105ELEC-TECH INTERNATIONAL CB01KB942,7653,684
0.104BEIJING HUAYE REALESTATE-62581483,0773,617
0.098SHANXI LANHUA SCI-TECH-A61348392,4623,433
0.077BOHAI LEASING CO LTD -A69810681,5752,673
0.076WUHAN KAIDI ELECTRIC-A61674822,1772,669
0.073MEIHUA HOLDINGS GROUP CO68787062,7982,539
0.071CHUYING AGRO-PASTORA GROUB60N4421,4002,495
0.064ZHANGZHIDAO GROUP CO LTD-B1FHMT58842,234
0.061SHAANXI INTL TRUST CO LTD67802871,6002,140
0.059SHANGHAI DZH LTDB3XSCZ02,1002,053

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.