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Overview

Performance

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

KBA is benchmarked to the MSCI China A 50 Connect Index, consisting of 50 large-cap Shanghai and Shenzhen listed stocks (A-shares) available through Stock Connect. This Index offers the first officially recognized Futures contracts for Stock Connect-eligible A-shares, representing a powerful risk management tool for international investors. KBA focuses on the largest, most liquid stocks, which receive most foreign interest and inflows and may benefit from increased global investment in China’s onshore market over the long term.

MSCI China A 50 Connect Index Features:

  • Designed to meet the requirements of the growing number of investors in China’s mainland A-share markets.
  • In addition to offering high correlation to broad China A-share benchmarks1, the MSCI China A 50 Connect Index may offer greater liquidity and investability due to its balanced sector weighting methodology and focus on China’s largest, most liquid securities.
  • An expected reduction in tracking error and bid-ask spreads given that market makers can directly hedge exposure with Futures.

China A-Share Internationalization Highlights:

  • China A-Shares are vastly underrepresented in global indexes. While the United States has a weight of 58.67% in the MSCI All Country World Index, China only has a weight of 4.85%1
  • MSCI is realigning China’s overall weight in their Global Standard Indexes through an incremental inclusion process. Upon completion, China A-shares are predicted to account for about 20% of the MSCI Emerging Market (EM) Index1.
  • Greater accessibility and inclusion in global indexes has led to significant foreign inflows into the China A-share market over the past several years.

**Formerly the KraneShares Bosera MSCI China A Share ETF

1.) Data from MSCI as of 30/Sept/2021.

Premium Discount Chart

Daily Performance

Data as of 12/01/2022
Daily Net Asset Value (NAV) and Market Price
NAV $31.17
NAV Daily Change 1.98%
Market Price $31.12
Market Price Daily Change -0.35%
30 Day Median Bid/Ask Spread
0.07%
Distributions

Performance History

Cumulative %
Data as of: 11/30/2022
Fund NAV Closing Price Index
1 Month 13.69% 16.88% 13.78%
3 Month -9.69% -6.75% -9.35%
6 Month -11.60% -9.43% -11.11%
Since Inception 60.70% 64.52% 74.21%
Avg Annualized %
Data as of month end: 11/30/2022
Fund NAV Closing Price Index
1 Year -28.35% -26.89% -27.85%
3 Year 3.73% 4.49% 4.42%
5 Year 0.93% 1.31% 0.83%
Since Inception 5.57% 5.86% 6.55%
Avg Annualized %
Data as of quarter end: 09/30/2022
Fund NAV Closing Price Index
1 Year -27.08% -27.57% -26.56%
3 Year 4.42% 4.22% 5.11%
5 Year 1.59% 1.35% 1.11%
Since Inception 5.70% 5.62% 6.69%

*Fee waivers are contractual and in effect until August 1, 2023

The Hybrid KBA Index consists of the MSCI China A Index from the inception of the Fund through October 23, 2014, the MSCI China A International Index from October 23, 2014 through December 26, 2017, the MSCI China A Inclusion Index from December 26, 2017 to May 29, 2019, the MSCI China A Index from May 29, 2019 to January 5, 2022, and the MSCI China A 50 Connect Index going forward.

Performance shown for periods before January 5, 2022, reflects that of the prior Fund. Future performance may be different than past performance due to changes, including investment objectives and principal investment strategies. Additionally, before January 5, 2022, the Fund previously sought to track the performance of a different Index before fees and expenses.

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.

Growth of $10,000

Data as of 12/01/2022

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.

Top 10 Holdings

Data as of 12/02/2022 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 CONTEMPORARY A-A 7.52% 300750 CNE100003662 746,453 41,527,247
2 KWEICHOW MOUTAI CO LTD-A 7.05% 600519 CNE0000018R8 167,989 38,965,349
3 LONGI GREEN EN-A 6.75% 601012 CNE100001FR6 5,475,503 37,295,967
4 WANHUA CHEMIC-A 4.72% 600309 CNE0000016J9 2,043,277 26,089,016
5 ZIJIN MINING-A 4.10% 601899 CNE100000B24 15,777,692 22,644,993
6 LUXSHARE PRECI-A 4.03% 002475 CNE100000TP3 5,117,150 22,265,692
7 CHINA MERCHANTS BANK-A 3.55% 600036 CNE000001B33 4,017,558 19,614,259
8 BYD CO LTD -A 3.44% 002594 CNE100001526 510,589 18,996,907
9 CHINA TOURISM-A 2.82% 601888 CNE100000G29 549,732 15,561,582
10 SHENZHEN MINDR-A 2.73% 300760 CNE100003G67 323,894 15,081,840

Holdings are subject to change.