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KBND

KraneShares Bloomberg China Bond Inclusion Index ETF**

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Investment Strategy:

KBND is benchmarked to the Bloomberg 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 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 China Bond Inclusion Overview:

  • The inclusion of onshore, Renminbi-denominated Chinese bonds in Bloomberg 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 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 08/17/2022
Ticker KBND
Primary Exchange NYSE
CUSIP 500767702
ISIN US5007677025
Net Assets $14,525,402
Total Annual Fund Operating Expense (Gross) 0.68%
Total Annual Fund Operating Expense (Net) 0.48%*
Inception Date 12/02/2014
Distribution Frequency Monthly

Daily Performance

Data as of 08/17/2022
Premium Discount Chart
NAV
Net Asset Value$32.28 
Daily Change 0.10%
Price
Market Price $32.05 
Daily Change -1.17%
30 Day Median Bid/Ask Spread
 
1.61%

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 -0.14% -0.05% -0.06%
3 Month -0.53% 0.51% -1.04%
6 Month -3.99% -3.99% -4.05%
Since Inception 13.00% 13.48% 21.36%
Avg Annualized %
Data as of month end: 07/31/2022
Fund NAV Closing Price Index
1 Year -1.15% -0.60% -0.41%
3 Year 2.98% 3.12% 4.31%
5 Year 2.83% 2.89% 3.73%
Since Inception 1.61% 1.66% 2.56%
Avg Annualized %
Data as of quarter end: 06/30/2022
Fund NAV Closing Price Index
1 Year -0.30% 0.28% 0.90%
3 Year 3.02% 3.21% 4.34%
5 Year 3.09% 3.38% 3.96%
Since Inception 1.64% 1.69% 2.59%
Growth of $10,000
Data as of 08/17/2022

*Fee waivers are contractual and in effect until August 1, 2023

Hybrid index performance (noted as "Index" above) reflects the performance of the CSI Diversified High Grade Commercial Paper Index through May 14, 2021 and the Bloomberg Barclays China Inclusion Focused Bond 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.

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.

KBND Key Metrics

Data as of 08/17/2022
30-day SEC Yield 1.92%
Unsubsidized 30-day SEC Yield 1.72%

30-day SEC Yield (Subsidized/Unsubsidized) is a standard yield calculation developed by the U.S. Securities and Exchange Commission (SEC) that allows for fairer comparisons of bond funds. It is based on the most recent 30-day period covered by the fund's filings with the SEC. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect.

Top 10 Holdings

Data as of 08/18/2022
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 Cash 16.94% 2,463,229 2,463,229
2 CGB 2 3/4 02/17/32 4.59% CND10004R999 4,500,000 667,400
3 CGB 2.48 04/15/27 4.58% CND10004TCN0 4,500,000 665,136
4 CGB 2.37 01/20/27 4.56% CND10004R114 4,500,000 662,381
5 CGB 2.24 05/25/25 4.36% CND10004TPK8 4,300,000 633,530
6 CHINESE YUAN RENMINBI 4.13% 4,083,058 600,799
7 CGB 2.8 03/24/29 4.10% CND10004T201 4,000,000 596,288
8 POWINV 3.55 10/22/22 4.06% CND10002K196 4,000,000 590,692
9 SBSG 2.37 05/22/23 4.06% CND100037S49 4,000,000 590,384
10 CGB 2.47 09/02/24 3.87% CND10004LLJ6 3,800,000 563,342

Holdings are subject to change.