KGRN

KraneShares MSCI China Clean Technology Index ETF*

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Investment Strategy:

KGRN seeks to track the performance of the MSCI China IMI Environment 10/40 Index. The Index is comprised of securities that derive at least 50% of their revenues from environmentally beneficial products and services. The Index is based on five key Clean Technology environmental themes: Alternative Energy, Sustainable Water, Green Building, Pollution Prevention and Energy Efficiency. The Index aims to serve as a benchmark for investors seeking exposure to Chinese companies that focus on contributing to a more environmentally sustainable economy by making efficient use of scarce natural resources or by mitigating the impact of environmental degradation. Constituent selection is based on data from MSCI Environment, Social, and Governance (ESG).

China’s Environmental Protection Highlights:

  • China is the world leader in total renewable energy capacity, at 31% of total global capacity1
  • China budgeted $360 billion for renewable energy investments from 2017 to 20202 and plans to have renewable energy account for 35% of its electricity consumption by 20303
  • Meeting these standards would create as much new renewable energy capacity as the entire US electricity system4, and China would represent half of the world’s green building floor space5
  • China has a proven track record of achieving ambitious long term renewable energy goals set forth within The Five Year Plan.

KGRN Features:

  • Access to China’s fast-growing environmental protection industry that has rapidly become the largest renewable energy market in the world1
  • Exposure to companies that stand to benefit from China’s increased focus and spending on clean energy technologies
  • Benchmarked to an MSCI ESG Index: MSCI is the #1 index provider for Socially Responsible Investment (SRI), Corporate governance, and ESG indexes according to a 2015 survey of 1,200 participants conducted by SRI Connect and Extel.

*Formerly the KraneShares MSCI China Environment Index ETF

1.) REN21’s Renewables 2018 Global Status Report (GSR)
2.) Michael Forsythe, “China Aims to Spend at Least $360 Billion on Renewable Energy by 2020”, The New York Times, 1/5/2017. Retrieved 3/31/2019.
3.) Bloomberg, “China Steps Up Its Push Into Clean Energy”, 9/26/2018, retrieved 3/31/2019.
4.) US Energy Information Administration, “What is U.S. electricity generation by energy source?”, 10/29/2018.
5.) UTC, Accelerating the World’s Largest Green Building Market: China. Oct. 4, 2016.

Fund Details

Data as of 10/21/2021
TickerKGRN
Primary ExchangeNYSE
CUSIP500767850
ISINUS5007678502
Net Assets$201,511,166
Total Annual Fund Operating Expense 0.78%
Inception Date10/12/2017
Distribution FrequencyAnnual

Daily Performance

Data as of 10/21/2021
Premium Discount Chart
NAV
Net Asset Value$47.98 
Daily Change -0.32%
Price
Market Price $48.02 
Daily Change0.45%
30 Day Median Bid/Ask Spread
Value0.88%

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

Distributions
Cumulative %
Data as of: 09/30/2021
Fund NAV Closing Price Index
1 Month-6.32% -6.68% -6.15%
3 Month-9.72% -11.19% -8.95%
6 Month9.57% 7.16% 8.32%
Since Inception91.37% 90.06% 83.78%
Avg Annualized %
Data as of quarter end: 09/30/2021
Fund NAV Closing Price Index
1 Year43.14% 40.97% 41.47%
3 Year34.67% 34.40% 32.80%
Since Inception17.77% 17.57% 16.57%
Growth of $10,000
Data as of 10/21/2021

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.

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 10/22/2021
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 LI AUTO INC - ADR 9.58% LI US50202M1027 597,637 19,297,699
2 XPENG INC - ADR 9.32% XPEV US98422D1054 435,328 18,780,050
3 NIO INC - ADR 8.71% NIO US62914V1061 451,418 17,551,132
4 BYD CO LTD-H 7.95% 1211 CNE100000296 421,500 16,019,028
5 CONCH VENTURE 5.16% 586 KYG2116J1085 2,116,000 10,399,372
6 CHINA LONGYUAN-H 5.14% 916 CNE100000HD4 4,743,800 10,363,159
7 CONTEMPORARY A-A 4.90% 300750 CNE100003662 104,750 9,876,947
8 LONGI GREEN EN-A 4.36% 601012 CNE100001FR6 662,333 8,787,284
9 XINYI SOLAR HOLDINGS LTD 4.06% 968 KYG9829N1025 4,003,588 8,189,825
10 CRRC TIMES ELEC 3.17% 3898 CNE1000004X4 1,243,600 6,383,836

Holdings are subject to change.