KALL

KraneShares MSCI All China Index ETF

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Investment Strategy:

KALL seeks to provide investment results that, before fees and expenses, track the price performance of the MSCI China All Shares Index. The index seeks to track the equity market performance of companies based in China and listed in Mainland China, Hong Kong, and the United States. Companies available for inclusion must be headquartered in China and meet the market capitalization minimums required by the MSCI Global Investable Market Indexes Methodology.

China Broad Equity Market Features:

  • The increased availability of Chinese equities to foreign investors over the past few years has brought about the rise of China as an asset class.
  • China has the world’s second largest economy and equity market, with a capitalization of over $7.2 trillion1.
  • 2018 is the first year that Chinese companies listed in Hong Kong, Mainland China, and the United States will be reflected in the MSCI Emerging Markets Index, which is tracked by over $1.8 trillion in assets2.
  • Only 2% of China’s Mainland stock market is owned by foreigners3.

KALL features:

  • Diversification through strategic ownership of China as an asset class.
  • Exposure to shares of Chinese companies listed in Hong Kong, Mainland China, and the United States.
  • A broad exposure to the world’s second largest equity market that can be used for China specific allocation in order to produce more efficient portfolios.

1.) Data from MSCI as of December 31, 2018.
2.) As of June 30, 2018, as reported on September 30, 2018 by eVestment, Morningstar and Bloomberg.
3.) South China Morning Post. “China’s Stock Market Must Attract More Foreign Investors, Industry Regulator Says”. 6/24/2018

Fund Details

Data as of 09/13/2019
TickerKALL
Primary ExchangeNYSE
CUSIP500767801
ISINUS5007678015
Net Assets$7,436,276
Total Annual Fund Operating Expense (Gross)0.90%
Total Annual Fund Operating Expense (Net)0.49%*
Inception Date02/12/2015
Distribution FrequencyAnnual

Daily Performance

Data as of 09/13/2019
Premium Discount Chart
NAV
Net Asset Value$24.79 
Daily Change0.75%
Price
Closing Price$24.93 
Daily Change0.69%

Performance History

Distributions
Cumulative %
Data as of: 08/31/2019
Fund NAVClosing PriceIndex
1 Month-4.33%-3.60%-3.96%
3 Month2.32%2.04%2.72%
6 Month-4.76%-5.08%-4.56%
Since Inception5.20%5.64%9.09%
Avg Annualized %
Data as of month end: 08/31/2019
Fund NAVClosing PriceIndex
1 Year0.04% -0.36%0.26%
3 Year3.92%4.00%3.95%
Since Inception1.12% 1.21%1.93%
Avg Annualized %
Data as of quarter end: 06/30/2019
Fund NAVClosing PriceIndex
1 Year1.30%1.06%1.85%
3 Year7.61%7.36%7.88%
Since Inception2.21% 2.29%2.99%

Hybrid index performance (noted as "Index" above) reflects the performance of the FTSE Emerging incl China Overseas non-R/QFII GDP Weighted Index through July 31, 2018 and the MSCI China All Shares Index thereafter.

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.

Top 10 Holdings

Data as of 09/13/2019
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
TENCENT HOLDINGS LTD
9.65%700 HK16,058717,644
2
ALIBABA GRP-ADR
9.6%BABA3,983713,634
3
CHINA CONSTRUCTION BANK-H
2.76%939 HK257,000205,005
4
PING AN
2.45%2318 HK15,000182,355
5
KWEICHOW MOUTAI CO LTD-A
2.1%600519 C11,000156,261
6
JD.COM INC-ADR
1.97%JD4,684146,281
7
CHINA MOBILE LTD
1.85%941 HK15,972137,819
8
IND & COMM BK OF CHINA-H
1.61%1398 HK171,441119,442
9
PING AN INSURA-A
1.27%601318 C17,20094,531
10
BAIDU INC - SPON ADR
1.07%BIDU72079,589

Holdings are subject to change. Currently, KALL plans to achieve its investment objective, in part, by investing a portion of its assets in the KraneShares Bosera MSCI China A Share ETF (ticker: KBA).