Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. KraneShares offers innovative investment solutions tailored to three key pillars: China, Climate, and Uncorrelated Assets. Our team is determined to provide industry-leading, differentiated, and high-conviction investment strategies that offer access to key market trends. Our mission is to empower investors with the knowledge and tools necessary to capture the importance of these themes as an essential element of a well-designed investment portfolio.
September 21, 2023 – Brendan Ahern on Schwab Network: US vs. Non-US Markets & Apple Situation
September 21, 2023 – Anthony Sassine on Schwab Network: TSLA and KARS Up YTD
September 20, 2023 – ARM: Biggest IPO Since UBER In 2019
September 12, 2023 – KraneShares and Rockefeller Asset Management Launch Ocean Engagement ETF (KSEA), Expanding Innovative Climate Investment Lineup
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Information about KraneShares ETFs, China's markets and culture, and general investing resources.
Our market update is a collaboration between the KraneShares internal research department, our local Chinese partners, and select China thought leaders from around the world. Our goal is to deliver a differentiated perspective on Chinese capital markets, business, government, and culture.
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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. A key feature of this Index is that it offers the first officially recognized Futures contracts for Stock Connect-eligible A-shares, representing a powerful risk management tool that makes its underlying stocks attractive to 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.
**Formerly the KraneShares Bosera MSCI China A Share ETF
1.) Data from MSCI as of 30/Sept/2021.
Ticker | KBA |
Primary Exchange | NYSE |
CUSIP | 500767405 |
ISIN | US5007674055 |
Net Assets | $381,823,738 |
Total Annual Fund Operating Expense (Gross) | 0.78% |
Total Annual Fund Operating Expense (Net) | 0.55%* |
Inception Date | 3/4/2014 |
Distribution Frequency | Annual |
Daily Net Asset Value (NAV) and Market Price | |
NAV | $22.59 |
NAV Daily Change | -0.40% |
Market Price | $22.61 |
Market Price Daily Change | -0.04% |
30 Day Median Bid/Ask Spread |
0.04% |
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. |
NAV | Market Price | Premium/Discount |
$22.59 | $22.61 | $0.02 |
2022 Full Year | Q1 2023 | Q2 2023 | Q3 2023 | |
Days traded at premium | 116 | 62 | 18 | 21 |
Days traded at NAV | 0 | 0 | 0 | 0 |
Days traded at discount | 133 | 60 | 44 | 41 |
The Premium/Discount History chart demonstrates the difference between the daily market price of shares of the Fund and the Fund’s net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.
Fund NAV | Closing Price | Index | |
1 Month | -6.84% | -6.53% | -6.78% |
3 Month | 1.30% | 1.26% | 1.57% |
6 Month | -11.61% | -11.39% | -11.30% |
YTD | -9.20% | -8.47% | -8.73% |
Since Inception | 51.95% | 52.47% | 65.99% |
Fund NAV | Closing Price | Index | |
1 Year | -14.61% | -13.57% | -13.64% |
3 Year | -8.18% | -7.97% | -7.51% |
5 Year | 3.70% | 3.87% | 4.45% |
Since Inception | 4.50% | 4.54% | 5.48% |
Fund NAV | Closing Price | Index | |
1 Year | -25.40% | -26.00% | -24.50% |
3 Year | -2.65% | -2.39% | -1.93% |
5 Year | 2.00% | 2.18% | 2.72% |
Since Inception | 4.48% | 4.54% | 5.46% |
*Fee waivers are contractual and in effect until August 1, 2024
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.
Ex-Date | Record Date | Payable Date | Amount |
2022 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
12/14/2022 | 12/15/2022 | 12/16/2022 | 6.251418 |
2021 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
12/29/2021 | 12/30/2021 | 12/31/2021 | 3.936370 |
2020 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
12/29/2020 | 12/30/2020 | 12/31/2020 | 0.297564 |
2019 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
12/27/2019 | 12/30/2019 | 12/31/2019 | 0.498718 |
2018 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
12/26/2018 | 12/27/2018 | 12/28/2018 | 0.519894 |
12/27/2018 | 12/27/2018 | 12/28/2018 | 0.402905 |
2017 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
12/20/2017 | 12/19/2017 | 12/22/2017 | 0.181784 |
2016 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
12/30/2016 | 12/28/2016 | 12/31/2016 | 0.460371 |
2015 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
06/30/2015 | 06/26/2015 | 07/01/2015 | 0.050048 |
12/30/2015 | 12/28/2015 | 12/31/2015 | 0.414600 |
12/30/2015 | 12/30/2015 | 12/31/2015 | 9.510225 |
2014 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
12/30/2014 | 12/26/2014 | 12/31/2014 | 0.050048 |
After a solid start to 2023, #investors are racing to be part of the multi-decade global luxury opportunity. We believe the return of reasonable valuations in the global luxury sector offers investors a near-term entry point for a compelling long-term growth opportunity. The… pic.twitter.com/0H6efdVeUf
— KraneShares (@KraneShares) September 28, 2023
We believe $KEM is a good option for investors looking for exposure to emerging market (EM) #equities with a focus on #riskmanagement. KEM adjusts its exposure to #China and EM ex China using fundamental and technical signals. This can mitigate risk and improve performance.
— KraneShares (@KraneShares) September 14, 2023
Read:… pic.twitter.com/P5j5pVxAVE
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 $10,000 investment in the fund is hypothetical and for illustration purposes only.
Rank | Name | % of Net Assets | Ticker | Identifier | Shares Held | Market Value($) |
1 | KWEICHOW MOUTAI CO LTD-A | 7.87% | 600519 | CNE0000018R8 | 121,989 | 30,114,033 |
2 | CONTEMPORARY A-A | 7.10% | 300750 | CNE100003662 | 975,115 | 27,173,274 |
3 | WANHUA CHEMIC-A | 5.90% | 600309 | CNE0000016J9 | 1,860,799 | 22,557,152 |
4 | ZIJIN MINING-A | 4.64% | 601899 | CNE100000B24 | 10,666,892 | 17,759,242 |
5 | BYD CO LTD -A | 3.92% | 002594 | CNE100001526 | 461,800 | 15,002,994 |
6 | CHINA MERCHANTS BANK-A | 3.56% | 600036 | CNE000001B33 | 3,005,567 | 13,601,008 |
7 | CHINA YANGTZE-A | 3.07% | 600900 | CNE000001G87 | 3,846,870 | 11,742,702 |
8 | LUXSHARE PRECI-A | 2.98% | 002475 | CNE100000TP3 | 2,783,650 | 11,393,260 |
9 | LONGI GREEN EN-A | 2.90% | 601012 | CNE100001FR6 | 2,958,803 | 11,078,634 |
10 | FOXCONN INDUST-A | 2.76% | 601138 | CNE1000031P3 | 3,907,700 | 10,566,063 |
Holdings are subject to change.
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