Contact Us  +(1) 855 8KRANE8  info@kraneshares.com

KFYP

KraneShares CSI New China ETF

Download Fact Sheet

Investment Strategy:

KFYP invests in publicly traded China-based companies whose primary business or businesses will be key components of the Chinese government's current Five Year Plan.

KFYP provides:

  • Smart beta* investment strategy focused on sectors/industries highlighted in China's Five Year Plan ("FYP")
  • China's current FYP highlights investments into China's consumer discretionary, consumer consumption, technology, healthcare and new energy industries/sectors
  • 0% allocation to China's financial services industries
  • Diversified portfolio with 30% exposure to small/mid cap companies

The 13th Five Year Plan is Coming

  • The Fifth Plenum meeting of China's leadership was held in late October in 2015. During this meeting the next Five Year Plan was drafted.
  • KFYP holds the exact sectors the Chinese government has targeted for growth in the current FYP and will be rebalanced to capture any changes in the new FYP as soon as the plan is enacted.

*Smart beta is an investment style where a manager passively follows an index designed to take advantage of perceived systematic biases or inefficiencies in the market.

Daily Performance

Data as of 02/10/2016
Premium Discount Chart
NAV
Net Asset Value$47.78 
Daily Change 0.51%
Price
Closing Price $0.00 
Daily Change0.00%

Performance History

Data as of: 01/31/2016
Total Annual Fund Operating Expense: 0.71%
Distributions
Cumulative Annualized Annualized Calendar QTR
12/31/2015
1 Mo 3 Mo 6 Mo Since Inception
7/22/2013
1 Yr Since Inception
7/22/2013
1 Yr Since Inception
7/22/2013
Fund Nav -13.41% -14.84% -13.99% 12.35% -14.24% 4.72% -0.45% 11.26%
Closing Price -15.26% -15.34% -15.84% 7.75% -14.80% 3.00% -2.36% 10.34%
Index -14.01% -14.27% -12.77% 18.09% -13.07% 6.65% 1.70% 13.53%

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.

ETF shares are not redeemable with the issuing fund other than in large Creation Unit aggregations. Instead, investors must buy or sell ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling. The NAV of the Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). Shares are bought and sold at market price (closing price) not NAV. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined).

An active secondary market for the Fund’s shares may not exist. Although the Fund’s shares will be listed on an exchange, subject to notice of issuance, it is possible that an active trading market may not develop or be maintained. There is no guarantee that distributions will be paid.

Sector Breakdown

Data as of: 2016/2/10

Market Cap Breakdown

Data as of: 2016/2/10
Data provided by ETF Research Center

Valuation Metrics

Data as of 2016/2/10
 20142015
Price-to-earnings116.95 14.24
Price-to-cash flow2 9.49
Price-to-sales3 1.11 0.98
Price-to-book value4 2.35 2.09
Yield (%) 1.20% 1.30%
Data provided by ETF Research Center

Per Share Results

Data as of 2016/2/10   
Sales Per Share45.37
Earnings Per Share3.11
Dividends Per Share0.57
Book Value Per Share21.17
Sales Per Share Growth13.30%
EPS Growth519.06%
  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

Top 10 Holdings

Data as of 02/10/2016
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
TENCENT HOLDINGS LTD
18.43%700 HK23,842440,362
2
ALIBABA GROUP HOLDING-SP
14.15%BABA5,473338,122
3
BAIDU INC - SPON ADR
10.06%BIDU1,672240,400
4
CTRIP.COM INTERNATIONAL-A
4.11%CTRP2,66298,175
5
JD.COM INC-ADR
3.74%JD3,84189,265
6
CASH
2.81%67,07767,077
7
NETEASE.COM INC ADR
1.95%NTES33746,570
8
QIHO 360 TECHNOLOGY LTD
1.5%QIHU51435,774
9
HONG KONG DOLLAR
1.43%HKD265,28134,050
10
NINE DRAGONS PAPER HOLDIN
1.2%2689 HK44,80028,751

Holdings are subject to change.