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Overview

Performance

Growth of $10,000

Holdings

Fund Documents

Overview

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.

Premium Discount Chart

Daily Performance

Data as of 12/01/2022
Daily Net Asset Value (NAV) and Market Price
NAV $28.82
NAV Daily Change 0.59%
Market Price $28.56
Market Price Daily Change -1.24%
30 Day Median Bid/Ask Spread
0.58%
Distributions

Performance History

Cumulative %
Data as of: 11/30/2022
Fund NAV Closing Price Index
1 Month 17.80% 19.36% 18.81%
3 Month -16.55% -15.49% -16.01%
6 Month -20.19% -18.60% -21.14%
Since Inception 24.58% 25.80% 16.32%
Avg Annualized %
Data as of month end: 11/30/2022
Fund NAV Closing Price Index
1 Year -42.71% -41.92% -43.05%
3 Year 20.12% 20.55% 16.58%
5 Year 5.12% 4.96% 3.74%
Since Inception 4.37% 4.57% 2.99%
Avg Annualized %
Data as of quarter end: 09/30/2022
Fund NAV Closing Price Index
1 Year -35.65% -35.14% -37.80%
3 Year 20.14% 20.49% 16.98%
Since Inception 4.28% 4.30% 2.73%

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 12/01/2022

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 12/02/2022 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 NIO INC - ADR 10.25% NIO US62914V1061 760,147 9,980,730
2 LI AUTO INC-CLASS A 9.17% 2015 KYG5479M1050 857,200 8,931,404
3 CONTEMPORARY A-A 8.55% 300750 CNE100003662 149,650 8,325,444
4 BYD CO LTD-H 6.98% 1211 CNE100000296 276,500 6,799,137
5 XPENG INC-A SHRS 5.08% 9868 KYG982AW1003 987,300 4,946,869
6 LONGI GREEN EN-A 4.29% 601012 CNE100001FR6 613,946 4,181,847
7 CRRC TIMES ELEC 4.28% 3898 CNE1000004X4 885,100 4,167,571
8 CONCH VENTURE 4.15% 586 KYG2116J1085 1,873,500 4,043,707
9 CHINA LONGYUAN-H 4.07% 916 CNE100000HD4 3,392,800 3,966,581
10 XINYI SOLAR HOLDINGS LTD 3.96% 968 KYG9829N1025 3,375,588 3,855,386

Holdings are subject to change.