KURE

KraneShares MSCI All China Health Care Index ETF

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Investment Strategy:

KURE tracks the MSCI China All Shares Health Care 10/40 Index, providing targeted exposure to Chinese companies engaged in the health care sector. The Index is a free float adjusted market capitalization weighted index that includes companies listed in Mainland China, Hong Kong and United States. Issuers eligible for inclusion must be classified under the Global Industry Classification Standard as engaged in the healthcare sector. The issuers included in the Underlying Index may include small-cap, mid-cap and large-cap companies.

China Health Care Sector Highlights:

  • China is one of the fastest growing major healthcare markets in the world with a ten-year compound annual growth rate of 13%, compared to just 3% in the United States and 2% in Japan1.
  • China is the second largest healthcare market globally with total healthcare expenditures reaching $1.1 trillion in 2019, increasing at an average annual growth rate of 11% over the last 5 years2.
  • There is still opportunity for considerable growth in China’s healthcare market with per capita health spending at just $501, compared to an average of over $5,700 for the world’s top eight healthcare markets3.
  • China’s aging population, rising incomes and increasing urbanization may provide a sustained catalyst for growth in China’s healthcare sector.

KURE features:

  • Exposure to Chinese companies listed in the Mainland, Hong Kong and United States that are involved in the healthcare industry, specifically: patent and generic pharmaceuticals, hospital administration, biotechnology, medical equipment production, healthcare IT, and traditional Chinese medicine.
  • Exposure to companies that benefit from China’s growing middle class and aging population.
  • Access to leading Chinese pharmaceutical companies which have been recipients of favorable policy and market conditions for research and development and the invention of new medicines and devices.

1.) Major healthcare markets defined as top five global markets by the World Health Organization. Data from the World Health Organization, last updated on 4/7/2020. Retrieved 9/30/2021.
2.) China Briefing, “China’s Healthcare Industry – Opportunities in Telemedicine and Digital Healthcare”, Jul. 31, 2020, Retrieved 9/30/2021.
3.) Data from the World Health Organization, last updated on 4/7/2020. Retrieved 9/30/2021.

Fund Details

Data as of 06/24/2022
Ticker KURE
Primary Exchange NYSE
CUSIP 500767835
ISIN US5007678353
Net Assets $123,218,189
Total Annual Fund Operating Expense (Gross) 0.79%
Total Annual Fund Operating Expense (Net) 0.65%*
Inception Date 1/31/2018
Distribution Frequency Annual

Daily Performance

Data as of 06/24/2022
Premium Discount Chart
NAV
Net Asset Value$23.03 
Daily Change 4.09%
Price
Market Price $23.08 
Daily Change 3.50%
30 Day Median Bid/Ask Spread
 
0.67%

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: 05/31/2022
Fund NAV Closing Price Index
1 Month -0.82% -0.29% -1.13%
3 Month -16.55% -18.45% -16.42%
6 Month -32.31% -33.07% -32.27%
Since Inception -4.91% -6.01% -1.63%
Avg Annualized %
Data as of month end: 05/31/2022
Fund NAV Closing Price Index
1 Year -46.61% -47.27% -47.56%
3 Year 6.08% 5.84% 7.21%
Since Inception -1.15% -1.42% -0.38%
Avg Annualized %
Data as of quarter end: 03/31/2022
Fund NAV Closing Price Index
1 Year -28.88% -31.46% -28.03%
3 Year 7.00% 6.49% 8.25%
Since Inception 2.25% 1.74% 3.09%
Growth of $10,000
Data as of 06/24/2022

*Fee waivers are contractual and in effect until August 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 06/27/2022
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 WUXI BIOLOGICS CAYMAN INC 9.86% 2269 KYG970081173 1,255,635 12,268,016
2 SHENZHEN MINDR-A 6.33% 300760 CNE100003G67 164,755 7,881,612
3 WUXI APPTEC CO LTD-A 4.42% 603259 CNE1000031K4 355,520 5,500,456
4 JIANGSU HENGRU-A 3.75% 600276 CNE0000014W7 878,528 4,671,749
5 AIER EYE HSPTL-A 3.72% 300015 CNE100000GR6 742,728 4,627,125
6 CSPC PHARMACEUTI 3.36% 1093 HK1093012172 4,212,889 4,183,273
7 ZHANGZHOU PIEN-A 3.35% 600436 CNE000001F21 78,934 4,166,784
8 BEIGENE LTD-ADR 2.98% BGNE US07725L1026 21,685 3,713,990
9 CHONGQING ZHIF-A 2.85% 300122 CNE100000V20 217,649 3,546,060
10 SINO BIOPHARMACEUTICAL 2.39% 1177 KYG8167W1380 4,867,750 2,972,094

Holdings are subject to change.