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Overview

Performance

Distributions

Holdings

Fund Documents

Overview

Investment Strategy:

The KraneShares Man Buyout Beta Index ETF (Ticker: BUYO) seeks to track the performance of the Man Buyout Beta Index, which is designed to apply the key return drivers of PE/buyout funds to public equities. The fund employs a systematic approach to select a portfolio of small to mid-cap stocks from the Russell 2500 Index, targeting industries favored by PE firms and companies that are similar in size and display similar company-specific characteristics as those in traditional PE funds.

KraneShares Man Buyout Beta Index ETF Features:

  • Seeks to identify methodologies that buyout funds use to target takeover candidates and systematically apply them to public equities to achieve similar results, such as delivering potentially higher long-term returns and diversification1.
  • Targets small to mid-cap public companies included in the Russell 2500 Index that exhibit the following characteristics:
    • Belong to sectors favored by PE funds, including Information Technology, Consumer Discretionary, Industrials, and Health Care.
    • Filters for companies with characteristics favored by PE funds, including strong free cash flow yield, higher operating margins, cash discipline (lower CapEx, ability to repay debt), and top-line growth among dozens of other signals.
  • Utilizes Man Group’s data-driven, liquid PE investment approach, which has been used since 2018, to construct a portfolio that is designed to be highly correlated and have a return profile similar to that of traditional buyout funds longer term.
  • Intraday liquidity, lower management fee relative to traditional PE funds, and full daily holdings transparency.

About Man Group:

  • Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients via Systematic, Discretionary, and Solutions offerings.
  • Man Group’s investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives.
  • Man Group has a large institutional client base, including sovereign wealth funds, endowments, and pension funds, managing around USD 178.2 billion2.

1.) Diversification does not ensure a profit or guarantee against a loss.
2.) Data as of June 30, 2024. Reference to ‘Man’ refers to all Man Group plc and its subsidiaries. Combined AUM of all affiliated Man investment managers. Unless otherwise stated, Total Assets reflects the Assets Under Management (AUM) as stated and described in the Man Group Annual Report or the most recent Man Group Quarterly Trading Report and Statement. All investment management services are offered through Man-affiliated investment managers.

Fund Details

Data as of 10/10/2024
Ticker BUYO
Primary Exchange NYSE
ISIN US5007673487
Net Assets $10,041,936
Total Annual Fund Operating Expense 0.89%
Inception Date 10/8/2024
Distribution Frequency Annual
Underlying Index Man Buyout Beta Index
Premium Discount Chart

Daily Performance

Data as of 10/10/2024
Daily Net Asset Value (NAV) and Market Price
NAV $25.10
NAV Daily Change -0.48%
Market Price $25.12
Market Price Daily Change -0.48%
30 Day Median Bid/Ask Spread
0%
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: 09/30/2024
Fund NAV Closing Price Underlying Index
1 Month – –
3 Month – –
6 Month – –
YTD – –
Since Inception – – –
Cumulative %
Data as of quarter end: 09/30/2024
Fund NAV Closing Price Underlying Index
Since Inception – – –

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.

Topics:

Top 10 Holdings

Data as of 10/11/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 ELASTIC NV 1.41% ESTC NL0013056914 1,727 143,341
2 ENCOMPASS HEALTH CORP 1.33% EHC US29261A1007 1,408 135,126
3 NEWS CORP - CLASS A 1.27% NWSA US65249B1098 5,006 129,806
4 NUTANIX INC - A 1.25% NTNX US67059N1081 1,968 127,152
5 TELADOC HEALTH INC 1.23% TDOC US87918A1051 13,578 124,918
6 QIAGEN N.V. 1.18% QGEN NL0015001WM6 2,746 120,604
7 Q2 HOLDINGS INC 1.16% QTWO US74736L1098 1,440 118,282
8 PACKAGING CORP OF AMERICA 1.03% PKG US6951561090 480 104,616
9 PENTAIR PLC 1.01% PNR IE00BLS09M33 1,052 102,707
10 ELEMENT SOLUTIONS INC 1.00% ESI US28618M1062 3,910 101,582

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.

Risk Disclosures:

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.

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 is new and does not yet have a significant number of shares outstanding. If the Fund does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt. The Underlying Index uses Numeric models in its methodology, which depend on various data sources that may be inaccurate or incomplete, rendering the models potentially unreliable. Historical market data may not predict future price movements, and unusual market events can lead to unexpected outcomes. Models may also have hidden biases and could incur losses if actual events diverge from their assumptions. Additionally, performance may be affected by software issues or programming errors. While the Underlying Index aims to reflect private equity performance and risk like private equity buyout funds, there is no guarantee that public equities will achieve this exposure or that the models will effectively provide it.

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. BUYO is non-diversified.

ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

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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