KraneShares CICC China Consumer Leaders Index ETF

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Investment Strategy:

KBUY seeks to measure the performance of the CICC China Consumer Leaders Index. The index consists of the investable universe of publicly traded China-based companies whose primary business or businesses are in the consumption-related industries such as home appliance, food & beverage, apparel & clothing, hotels, restaurants, and duty-free goods.

China Consumer Sector Highlights:

  • Total retail sales in China reached $5.8 trillion in 20191, surpassing the US total of $5.5 trillion2.
  • Rising incomes in China are driving a consumption upgrade, consisting of a stronger preference for higher quality products, brand loyalty, and increased discretionary spending
  • Some of China’s top brands have established a wide moat in China, where advantages such as built-in efficiencies, brand recognition, and unique patents help them maintain a competitive edge within their respective industries.

KBUY Features:

  • Access to some of China’s leading consumer facing brands that may benefit from new domestic spending patterns.
  • Strong growth potential from increased consumption among China’s expanding urban middle class.
  • Exposure to Chinese companies listed in Mainland China, Hong Kong, and the United States.
  • Tracks an index developed by China International Capital Corporation (CICC) Research. CICC is a leading, publicly traded, Chinese financial services company with expertise in research, asset management, investment banking, private equity and wealth management. In 2019, the CICC Research Team ranked #1 in Institutional Investor’s All-China Research Category (Analyst Leaders) for the eighth year in a row3. Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. Krane Funds Advisors, LLC is majority owned by CICC.

1. National Bureau of Statistics in China, “Total Retail Sales of Consumer Goods Went up by 8.0 percent in 2019” 1/19/2020. Note: Figures converted from Chinese Renminbi to USD as of 4/14/2020.
2. U.S. Department of Commerce, “Quarterly Retail E-commerce Sales 4th Quarter 2019” 2/19/2020.
3. Institutional Investor, “The All-China Research Team”, 2019.

Fund Details

Data as of 01/15/2021
Primary ExchangeNYSE
Net Assets$27,496,848
Total Annual Fund Operating Expense0.69%
Inception Date12/9/2020
Distribution FrequencyAnnual

Daily Performance

Data as of 01/15/2021
Premium Discount Chart
Net Asset Value$27.50 
Daily Change-1.83%
Market Price$28.33 
Daily Change0.00%
30 Day Median Bid/Ask Spread0.34%

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

Cumulative %
Data as of: 12/31/2020
Fund NAVClosing PriceIndex
1 Month13.19%
3 Month
6 Month
Since Inception7.92%7.92%7.52%
Cumulative %
Data as of quarter end: 12/31/2020
Fund NAVClosing PriceIndex
Since Inception7.92% 7.92%7.52%

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 01/15/2021
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerIdentifierShares HeldMarket Value($)
1KWEICHOW MOUTAI CO LTD-A9.46%600519CNE0000018R88,1002,601,316
2MUYUAN FOODSTUFF CO LTD-A6.17%002714CNE100001RQ3133,7521,695,897
3LUZHOU LAOJIAO CO LTD-A6.00%000568CNE000000GF243,9001,648,887
4WULIANGYE YIBIN CO LTD-A5.15%000858CNE000000VQ831,9001,415,656
5HENAN SHUAN-A5.14%000895CNE000000XM3177,7701,412,464
6FOSHAN HAITIAN-A5.04%603288CNE100001SL243,9001,385,471
7ANTA SPORTS PRODUCTS LTD4.80%2020KYG04011105979,0001,319,418
8CHINA TOURISM-A4.68%601888CNE100000G2929,8001,287,114
9YUM CHINA HOLDINGS INC4.66%YUMCUS98850P109322,4031,280,555
10MIDEA GROUP CO LTD-A4.46%000333CNE100001QQ579,6651,225,029

Holdings are subject to change.