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Overview

Performance

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

KBUY seeks to measure the performance of the CICC China Consumer Leaders Index. The index consists of the investable universe of publicly traded China-based companies whose primary business or businesses are in the consumption-related industries such as home appliance, food & beverage, apparel & clothing, hotels, restaurants, and duty-free goods.

China Consumer Sector Highlights:

  • Total retail sales in China reached $5.8 trillion in 20191, surpassing the US total of $5.5 trillion2.
  • Rising incomes in China are driving a consumption upgrade, consisting of a stronger preference for higher quality products, brand loyalty, and increased discretionary spending
  • Some of China’s top brands have established a wide moat in China, where advantages such as built-in efficiencies, brand recognition, and unique patents help them maintain a competitive edge within their respective industries.

KBUY Features:

  • Access to some of China’s leading consumer facing brands that may benefit from new domestic spending patterns.
  • Strong growth potential from increased consumption among China’s expanding urban middle class.
  • Exposure to Chinese companies listed in Mainland China, Hong Kong, and the United States.
  • Tracks an index developed by China International Capital Corporation (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 2019, the CICC Research Team ranked #1 in Institutional Investor’s All-China Research Category (Analyst Leaders) for the eighth year in a row3. Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. Krane Funds Advisors, LLC is majority owned by CICC.

1. National Bureau of Statistics in China, “Total Retail Sales of Consumer Goods Went up by 8.0 percent in 2019” 1/19/2020. Note: Figures converted from Chinese Renminbi to USD as of 4/14/2020.
2. U.S. Department of Commerce, “Quarterly Retail E-commerce Sales 4th Quarter 2019” 2/19/2020.
3. Institutional Investor, “The All-China Research Team”, 2019.

Premium Discount Chart

Daily Performance

Data as of 02/03/2023
Daily Net Asset Value (NAV) and Market Price
NAV $20.47
NAV Daily Change -1.87%
Market Price $20.26
Market Price Daily Change -2.31%
30 Day Median Bid/Ask Spread
0.52%
Distributions

Performance History

Cumulative %
Data as of: 01/31/2023
Fund NAV Closing Price Index
1 Month 8.26% 10.28% 8.63%
3 Month 47.34% 49.42% 47.19%
6 Month 4.25% 5.64% 4.46%
Since Inception -15.90% -15.08% -13.82%
Avg Annualized %
Data as of month end: 01/31/2023
Fund NAV Closing Price Index
1 Year -7.01% -7.46% -6.56%
Since Inception -7.74% -7.32% -6.68%
Avg Annualized %
Data as of quarter end: 12/31/2022
Fund NAV Closing Price Index
1 Year -20.04% -20.44% -19.50%
Since Inception -11.51% -11.88% -10.60%

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 02/03/2023

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.

Top 10 Holdings

Data as of 02/06/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 KWEICHOW MOUTAI CO LTD-A 10.19% 600519 CNE0000018R8 2,700 711,810
2 WULIANGYE YIBIN CO LTD-A 9.97% 000858 CNE000000VQ8 23,500 696,161
3 MIDEA GROUP CO LTD-A 7.69% 000333 CNE100001QQ5 71,365 537,174
4 YUM CHINA HOLDINGS INC 6.81% 9987 US98850P1093 8,200 475,311
5 LUZHOU LAOJIAO CO LTD-A 6.15% 000568 CNE000000GF2 12,500 429,653
6 ANTA SPORTS PRODUCTS LTD 4.75% 2020 KYG040111059 23,000 331,538
7 LI NING CO LTD 4.62% 2331 KYG5496K1242 34,500 322,744
8 GREE ELECTRIC-A 4.61% 000651 CNE0000001D4 64,800 322,063
9 HAIER SMART HOME CO LTD-A 4.54% 600690 CNE000000CG9 84,600 316,720
10 INNER MONG YIL-A 4.46% 600887 CNE000000JP5 68,200 311,716

Holdings are subject to change.