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KCCB

KraneShares CCBS China Corporate High Yield Bond USD Index ETF

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Investment Strategy:

KCCB seeks to provide investment results that, before fees and expenses, track the price and yield performance of the Solactive USD China Corporate High Yield Bond Index. The Index seeks to track the performance of outstanding high yield debt securities denominated in U.S. dollars issued by Chinese companies.

USD China Corporate High Yield Bond Market Features:

  • As dollar investors seek yield globally, the U.S. Dollar China Corporate High Yield Bond Market has grown considerably to meet investor demand.
  • Since 2014, China has accounted for more than half of all new annual USD Bond issuance in Asia.1
  • China USD high yield bond issuance increased over 100% in terms of number of bonds and in value from 2016 to 2017.1
  • By 5/31/2018 the total USD China Corporate High Yield Bond market size reached $153 billion USD with over 122 issuing companies.2

KCCB Features

    • Exposure to China's high yield bond market without currency risk for U.S. dollar investors.
    • Low correlation to U.S. and global markets.
    • Sub advised by China Construction Bank (CCB), the second largest bank in the world by assets.3

1.) Data from Bloomberg as of 12/31/2017
2.) Data from Bloomberg as of 5/31/2018
3.) Will Martin, "These are the 28 biggest banks in the world — each one with more than $1 trillion of assets", Forbes 5/24/2018

Fund Details

Data as of 09/24/2018
TickerKCCB
Primary ExchangeNYSE
CUSIP500767843
ISINUS5007678437
Net Assets$9,973,895
Total Annual Fund Operating Expense 0.68%
Inception Date6/28/2018
Distribution FrequencyMonthly

Daily Performance

Data as of 09/24/2018
Premium Discount Chart
NAV
Net Asset Value$39.90 
Daily Change 0.13%
Price
Closing Price $39.90 
Daily Change-0.03%

Performance History

Distributions
Cumulative %
Data as of: 08/31/2018
Fund NAVClosing PriceIndex
1 Month0.65%0.53%0.68%
3 Month0.42%
6 Month
Since Inception0.25%0.37%0.61%
Cumulative %
Data as of quarter end: 06/30/2018
Fund NAVClosing PriceIndex
Since Inception-0.78% -0.48%-0.53%

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.

KCCB Key Metrics

Data as of 08/31/2018
Duration6.34 yrs
Current Yield4.71%
30-day SEC Yield5.28%
Unsubsidized 30-day SEC Yield5.28%

Top 10 Holdings

Data as of 09/24/2018
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
CASH
12.39%1,235,8151,235,815
2
BOCOM 5 12/29/49
6.01%600,000599,250
3
CCB 4.65 PERP
5.97%600,000595,380
4
CNREFI 3 3/8 03/09/22
3.79%400,000378,372
5
SHIMAO 8 3/8 02/10/22
3.68%350,000367,477
6
NANYAN 5 PERP
3.27%350,000326,269
7
CHOHIN 6 1/2 PERP
3.06%300,000304,928
8
EVERRE 8 1/4 03/23/22
3%300,000299,246
9
ICBCAS 4 1/4 PERP
2.86%300,000285,148
10
PANLIZ 4 1/2 04/21/77
2.8%300,000279,434

Holdings are subject to change.