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Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

KFYP tracks the CSI CICC Select 100 Index, which takes a smart-beta1 approach to systematically invest in companies listed in Mainland China. The strategy is based on China International Capital Corporation (CICC)’s latest research on China’s capital markets. This quantitative approach reflects CICC’s top down and bottom up research process, seeking to deliver the 100 leading companies in Mainland China.

KFYP Features:

  • Smart beta strategy which seeks to deliver cost effective alpha2.
  • Exposure to the top 100 industry leaders within China’s Mainland A-share market identified through the CICC Research team’s quantitative methodology.
  • Seeks to provide exposure to performance leaders through a Return on Equity (ROE)3 filter which is further refined through bottom-line growth and valuation criteria.

About CICC & CICC Research:

  • CICC is a leading, publicly traded, Chinese financial services company with expertise in research, asset management, investment banking, private equity and wealth management.
  • In 2020, the CICC Research Team ranked #1 in Institutional Investor’s All-China Research Team (Analyst Leaders) for the nineth year in a row.4
  • CICC has over 200 branches across Mainland China, with offices in Hong Kong, Singapore, New York, San Francisco, and London.

*Formerly the KraneShares Zacks New China ETF

1. 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.
2. Alpha is the active return on an investment, gauges the performance of an investment against a market index or benchmark which is considered to represent the market's movement as a whole.
3. Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.
4. en.cicc.com, “CICC Secures Big in All-China Research Team Awards 2020”, 12/16/2020, retrieved on 9/30/2021.

Fund Details

Data as of 10/18/2023
Ticker KFYP
Primary Exchange NYSE
CUSIP 500767207
ISIN US5007672075
Net Assets $4,405,206
Total Annual Fund Operating Expense 0.69%
Inception Date 7/22/2013
Distribution Frequency Annual

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Premium Discount Chart

Daily Performance

Data as of 10/18/2023
Daily Net Asset Value (NAV) and Market Price
NAV $22.03
NAV Daily Change -0.81%
Market Price $21.82
Market Price Daily Change -1.58%
30 Day Median Bid/Ask Spread
0.49%
The ETF’s 30 Day Median Bid-Ask Spread is calculated by identifying the ETF’s national best bid and national best offer ("NBBO") as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.

Performance History

Cumulative %
Data as of: 09/30/2023
Fund NAV Closing Price Underlying Index
1 Month 0.13% 0.75% 0.20%
3 Month 0.71% 1.06% 0.65%
6 Month -4.82% -3.75% -4.19%
YTD 0.26% 1.42% 1.90%
Since Inception 85.59% 86.80% 92.63%
Avg Annualized %
Data as of quarter end: 09/30/2023
Fund NAV Closing Price Underlying Index
1 Year 3.35% 4.78% 4.08%
3 Year -2.44% -2.19% -0.85%
5 Year 1.07% 1.75% 2.54%
10 Year 4.70% 4.78% 5.09%
Since Inception 6.25% 6.32% 6.64%

The Custom Blended KFYP Index consists of the CSI China Overseas Five Year Plan Index from the inception of the Fund through June 1, 2016, and the Zacks New China Index after June 1, 2016 through November 1, 2018, and the China Leader’s 100 Index after November 1, 2018.

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.

Ex-Date Record Date Payable Date Amount

Future calendar dates are subject to change. There is no guarantee that dividends will be paid. Past distributions are not indicative of future trends. This material is provided for educational purposes only and does not constitute investment advice.

Distributions are issued to brokers on the payable date, and are subject to broker payment schedules.

Distribution History

2023 Distributions
Ex-Date Record Date Payable Date Amount
10/17/2023 10/18/2023 10/19/2023 0.162475
2022 Distributions
Ex-Date Record Date Payable Date Amount
12/28/2022 12/29/2022 12/30/2022 1.068566
2021 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2021 12/30/2021 12/31/2021 3.551161
2020 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2020 12/30/2020 12/31/2020 0.833689

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2019 Distributions
Ex-Date Record Date Payable Date Amount
12/27/2019 12/30/2019 12/31/2019 0.049797
2018 Distributions
Ex-Date Record Date Payable Date Amount
12/26/2018 12/27/2018 12/28/2018 0.680250
12/27/2018 12/27/2018 12/28/2018 3.771470
2017 Distributions
Ex-Date Record Date Payable Date Amount
12/20/2017 12/19/2017 12/22/2017 0.296840
2016 Distributions
Ex-Date Record Date Payable Date Amount
12/22/2016 12/20/2016 12/23/2016 0.706600
2015 Distributions
Ex-Date Record Date Payable Date Amount
06/27/2015 06/25/2015 06/30/2015 2.728000
12/30/2015 12/28/2015 12/31/2015 0.519000
2014 Distributions
Ex-Date Record Date Payable Date Amount
06/27/2014 06/25/2014 06/30/2014 0.350880
12/30/2014 12/26/2014 12/31/2014 0.269280
2013 Distributions
Ex-Date Record Date Payable Date Amount
12/30/2013 12/26/2013 12/31/2013 0.000000

Topics:

Growth of $10,000

Data as of 10/18/2023

The Growth of $10,000 chart reflects an initial investment of $10,000 on the day prior to the selected time period and assumes reinvestment of dividends and capital gains. For the growth of $10,000 chart since inception, the initial investment of $10,000 is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. The growth of a $10,000 investment in the fund is hypothetical and for illustration purposes only. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.

Top 10 Holdings

Data as of 10/18/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 CHINESE YUAN RENMINBI 100.74% – – 32,477,943 4,431,822
2 HONG KONG DOLLAR 0.00% – – 41 5
3 KRANE SWEEP INTEREST 0.00% – – 1 0
4 CHINA ANIMAL HEALTHCARE L 0.00% 940 BMG211151037 4,000 0
5 CHINA LUMENA NEW MATERIAL 0.00% 67 KYG2160B1005 718 0
6 HANERGY THIN FILM PWR GRP 0.00% 566 BMG4288J1062 65,064 0
7 TIANHE CHEMICALS GROUP LT 0.00% 1619 VGG888411045 40,000 0
8 Cash -0.74% – – -32,762 -32,762

Holdings are subject to change.

Fund Documents

©2024 Krane Funds Advisors, LLC
280 Park Avenue, 32nd Floor, New York, NY 10017

Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting: www.kraneshares.com. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

A-Shares are issued by companies in mainland China and traded on local exchanges. They are available to domestic and certain foreign investors, including QFIs and those participating in Stock Connect Programs like Shanghai-Hong Kong and Shenzhen-Hong Kong. Foreign investments in A-Shares face various regulations and restrictions, including limits on asset repatriation. A-Shares may experience frequent trading halts and illiquidity, which can lead to volatility in the Fund’s share price and increased trading halt risks. The Chinese economy is an emerging market, vulnerable to domestic and regional economic and political changes, often showing more volatility than developed markets. Companies face risks from potential government interventions, and the export-driven economy is sensitive to downturns in key trading partners, impacting the Fund. U.S.-China tensions raise concerns over tariffs and trade restrictions, which could harm China’s exports and the Fund. China’s regulatory standards are less stringent than in the U.S., resulting in limited information about issuers. Tax laws are unclear and subject to change, potentially impacting the Fund and leading to unexpected liabilities for foreign investors. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values.

The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. The Fund is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause the Fund to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative.

The Fund may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as the Fund increases in size, the impact of IPOs on the Fund’s performance will generally decrease. Narrowly focused investments typically exhibit higher volatility. The Fund’s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, the Fund is subject to loss due to adverse occurrences that affect that concentration. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. KFYP is non-diversified.

The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.

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