Growth of $10,000


Fund Documents


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 11/30/2023
Daily Net Asset Value (NAV) and Market Price
NAV $15.51
NAV Daily Change 0.58%
Market Price $15.43
Market Price Daily Change 0.59%
30 Day Median Bid/Ask Spread

Performance History

Cumulative %
Data as of: 11/30/2023
Fund NAV Closing Price Index
1 Month -1.21% -1.97% -1.22%
3 Month -8.50% -8.91% -8.13%
6 Month -6.23% -6.88% -5.93%
YTD -18.92% -18.62% -18.07%
Since Inception -37.02% -37.33% -35.01%
Avg Annualized %
Data as of month end: 11/30/2023
Fund NAV Closing Price Index
1 Year -11.12% -12.90% -9.84%
Since Inception -14.37% -14.51% -13.46%
Avg Annualized %
Data as of quarter end: 09/30/2023
Fund NAV Closing Price Index
1 Year -8.98% -8.17% -8.93%
Since Inception -13.17% -13.15% -12.34%

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.

Distribution History

2023 Distributions and Calendar
Ex-Date Record Date Payable Date Amount
12/18/2023 12/19/2023 12/20/2023

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.

2022 Distributions
Ex-Date Record Date Payable Date Amount
12/28/2022 12/29/2022 12/30/2022 0.196441
2021 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2021 12/30/2021 12/31/2021 0.116238

Growth of $10,000

Data as of 11/30/2023

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 11/30/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 KWEICHOW MOUTAI CO LTD-A 10.63% 600519 CNE0000018R8 2,300 577,013
2 WULIANGYE YIBIN CO LTD-A 9.39% 000858 CNE000000VQ8 24,400 509,629
3 MIDEA GROUP CO LTD-A 8.07% 000333 CNE100001QQ5 60,565 438,229
4 LUZHOU LAOJIAO CO LTD-A 7.17% 000568 CNE000000GF2 13,400 389,371
5 HAIER SMART HOME CO LTD-A 6.08% 600690 CNE000000CG9 106,500 329,895
6 INNER MONG YIL-A 5.01% 600887 CNE000000JP5 71,300 272,080
7 SHANXI XINGHUA-A 4.87% 600809 CNE000000DH5 7,900 264,248
8 ANTA SPORTS PRODUCTS LTD 4.69% 2020 KYG040111059 24,400 254,456
9 CHINA MENGNIU DAIRY CO 4.51% 2319 KYG210961051 78,000 244,677
10 GREE ELECTRIC-A 4.44% 000651 CNE0000001D4 52,200 240,861

Holdings are subject to change.