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KGRN

KraneShares MSCI China Clean Technology Index ETF*

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Investment Strategy:

KGRN is benchmarked to the MSCI China IMI Environment 10/40 Index, which provides exposure to Chinese companies that focus on clean technology and contributing to a more environmentally sustainable economy. 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. Constituent selection is based on data from MSCI Environment, Social, and Governance (ESG).

China’s Environmental Protection Highlights:

  • China is expected to remain the global leader in renewable energy over the next five years, accounting for 43% of renewable capacity growth worldwide1.
  • China has allocated $607 million for its 2022 renewable power subsidy2 and plans to have renewable energy account for 35% of its electricity consumption by 20303
  • China plans to hit peak emissions before 2030 and reach carbon neutrality by 2060.4 In 2021, China launched its national emission trading scheme (ETS)—now the largest carbon market in the world, which should help the country meet its emission reduction goals.
  • 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. IEA, “Renewables 2021: Report Extract, Executive Summary,” retrieved 3/31/2022.
2. Reuters, “China sets 2022 renewable power subsidy at $607 mln”, November 15, 2021, retrieved on 3/31/2022.
3. Bloomberg, “China Steps Up Its Push Into Clean Energy”, 9/26/2018, retrieved 9/30/2021.
4. Reuters, “China pledges to achieve CO2 emissions peak before 2030, carbon neutrality before 2060 –Xi”, 9/22/2020, retrieved on 3/31/2022.

Fund Details

Data as of 08/11/2022
Ticker KGRN
Primary Exchange NYSE
CUSIP 500767850
ISIN US5007678502
Net Assets $147,523,519
Total Annual Fund Operating Expense 0.78%
Inception Date 10/12/2017
Distribution Frequency Annual

Daily Performance

Data as of 08/11/2022
Premium Discount Chart
NAV
Net Asset Value$37.83 
Daily Change 2.15%
Price
Market Price $37.60 
Daily Change 0.91%
30 Day Median Bid/Ask Spread
 
0.89%

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: 07/31/2022
Fund NAV Closing Price Index
1 Month -8.08% -9.22% -8.00%
3 Month 15.40% 17.63% 13.59%
6 Month -4.50% -6.57% -5.59%
Since Inception 65.19% 64.56% 53.44%
Avg Annualized %
Data as of month end: 07/31/2022
Fund NAV Closing Price Index
1 Year -18.74% -20.83% -21.15%
3 Year 29.96% 30.61% 26.44%
Since Inception 11.02% 10.93% 9.32%
Avg Annualized %
Data as of quarter end: 06/30/2022
Fund NAV Closing Price Index
1 Year -15.22% -15.30% -17.37%
3 Year 32.92% 33.24% 29.27%
Since Inception 13.23% 13.44% 11.45%
Growth of $10,000
Data as of 08/11/2022

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 08/12/2022
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 LI AUTO INC - ADR 11.42% LI US50202M1027 517,158 16,802,463
2 NIO INC - ADR 10.46% NIO US62914V1061 729,278 15,395,059
3 XPENG INC - ADR 8.53% XPEV US98422D1054 514,614 12,561,728
4 BYD CO LTD-H 7.97% 1211 CNE100000296 320,500 11,727,405
5 CONTEMPORARY A-A 5.07% 300750 CNE100003662 100,150 7,459,133
6 LONGI GREEN EN-A 4.50% 601012 CNE100001FR6 761,546 6,618,800
7 XINYI SOLAR HOLDINGS LTD 3.67% 968 KYG9829N1025 3,547,588 5,404,210
8 CONCH VENTURE 3.31% 586 KYG2116J1085 2,315,000 4,873,373
9 JINKOSOLAR HOLDING CO-ADR 3.20% JKS US47759T1007 73,338 4,712,700
10 CRRC TIMES ELEC 3.15% 3898 CNE1000004X4 1,008,000 4,636,183

Holdings are subject to change.