KBND

KraneShares Bloomberg Barclays China Bond Inclusion Index ETF**

Download KBND Presentation

Download Fact Sheet

Investment Strategy:

KBND is benchmarked to the Bloomberg Barclays China Inclusion Focused Bond Index, which is designed to track the performance of China’s onshore renminbi-denominated bond market. The Fund seeks to invest at least 80% of its assets in a basket of fixed income securities.

KBND Overview:

  • Invests in treasuries (i.e.government bonds) and high-quality corporate bonds and attempts to provide attractive yields relative to other government and investment grade bond markets with a monthly distribution.
  • KBND offers access to the securities included in Bloomberg Barclays broad fixed income indexes and investment opportunities within the second largest bond market in the world.
  • For investors seeking diversification1 within their global bond portfolios, KBND offers low correlations to other major bond markets.

Bloomberg Barclays China Bond Inclusion Overview:

  • The inclusion of onshore, Renminbi-denominated Chinese bonds in Bloomberg Barclays indexes began in April 2019 and was concluded at the end of 2020.
  • The market estimates nearly $150 billion of fund inflows into China’s $13 trillion onshore bond market2.
  • China’s government bonds are a focus of the inclusion and China has already replaced South Korea as the top issuer by weight within the Bloomberg Barclays Emerging Market Local Currency Government Bond Index.

**As of June 4, 2021, formerly the KraneShares E Fund China Commercial Paper ETF (KCNY)

1. Diversification does not ensure a profit or guarantee against a loss.
2. Financial Times, “Bloomberg adds Chinese government bonds to flagship index”, 3/31/2019.

Fund Details

Data as of 06/18/2021
TickerKBND
Primary ExchangeNYSE
CUSIP500767702
ISINUS5007677025
Net Assets$12,173,608
Total Annual Fund Operating Expense (Gross)0.70%
Total Annual Fund Operating Expense (Net)0.50%*
Inception Date12/02/2014
Distribution FrequencyMonthly

Daily Performance

Data as of 06/18/2021
Premium Discount Chart
NAV
Net Asset Value$34.78 
Daily Change-0.17%
Price
Market Price$34.81 
Daily Change-0.06%
30 Day Median Bid/Ask Spread
Value0.57%

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: 05/31/2021
Fund NAVClosing PriceIndex
1 Month1.54%1.77%1.94%
3 Month1.84%2.03%2.57%
6 Month3.90%3.92%5.16%
Since Inception15.65%15.86%21.65%
Avg Annualized %
Data as of month end: 05/31/2021
Fund NAVClosing PriceIndex
1 Year14.05% 18.13%14.99%
3 Year2.67%2.67%3.33%
5 Year3.51%3.61%4.16%
Since Inception2.26% 2.29%3.06%
Avg Annualized %
Data as of quarter end: 03/31/2021
Fund NAVClosing PriceIndex
1 Year9.91%10.56%10.72%
3 Year1.38%1.46%1.78%
5 Year2.59%2.59%3.12%
Since Inception1.87% 1.85%2.59%
Growth of $10,000
Data as of 06/18/2021

Performance shown for periods before June 4, 2021, reflects that of the prior Fund. Future performance may be different than past performance due to changes, including investment objectives and principal investment strategies. Additionally, before June 4, 2021, a sub-adviser was responsible for the day-to-day portfolio management, and the Fund previously sought to track the performance of a different Index before fees and expenses.

*Fee waivers are contractual and in effect until August 1, 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 06/18/2021
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerIdentifierShares HeldMarket Value($)
1SOPOWZ 4.87 04/12/2313.07%CND100017F1410,000,0001,591,509
2POSABK 4 1/2 03/24/2712.84%CND100026C4010,000,0001,562,995
3CNPCCH 3.58 10/17/2412.79%CND10002HPG510,000,0001,557,083
4CHEVBK 3.45 03/24/2412.75%CND100045KS310,000,0001,552,231
5CHINESE YUAN RENMINBI5.03%3,958,161612,884
6ADBCH 4.18 05/04/224.89%CND1000088R03,790,000594,897
7CGB 3.22 12/06/254.19%CND10001SWR73,260,000510,023
8SDBC 3.65 05/21/294.00%CND100029N933,120,000486,692
9EXIMCH 2.05 04/07/223.85%CND100031KJ23,040,000468,963
10CGB 2.36 07/02/233.72%CND10003C6F72,950,000452,989

Holdings are subject to change.